MCQ Test: August 18, 2025 - Current affairs for all the Exams: India's Economic Landscape Buoyed by S&P Upgrade and Landmark GST Reforms Amidst Trade Challenges

1. What was India's new long-term sovereign credit rating assigned by S&P Global?

A) BBB- B) BBB C) BB+ D) AA-

2. The recent S&P Global upgrade of India's sovereign credit rating is the first such upgrade in how many years?

A) 5 years B) 10 years C) 18 years D) 25 years

3. Under the proposed rationalization of the GST structure, what are the two main slab rates for daily essentials and electronics?

A) 10% and 20% B) 5% and 18% C) 12% and 28% D) 7% and 22%

4. What special GST rate is proposed for 'sin and demerit goods' like online gaming?

A) 28% B) 35% C) 40% D) 45%

5. Despite planned tax cuts from GST reforms, what fiscal deficit target does the Indian government express confidence in meeting for the current fiscal year?

A) 3.5% B) 4.0% C) 4.4% D) 5.0%

6. Which of the following sectors is NOT explicitly mentioned as being heavily reliant on the US market and potentially affected by US tariffs on Indian exports?

A) Textiles B) Pharmaceuticals C) Auto components D) Gems and jewelry

7. Regarding the Indian financial markets, what trend has been observed with Domestic Institutional Investors (DIIs) amidst the recent market recovery?

A) They have been selling off their holdings. B) They have been providing strong buying support. C) They have remained neutral. D) They have shifted focus to international markets.

8. What was the trend in corporate loan growth during the April-June 2025 quarter?

A) It experienced its fastest pace in over three years. B) It experienced its slowest pace in over three years. C) It remained stable compared to the previous quarter. D) It showed significant acceleration due to industrial demand.

9. Companies are increasingly opting for which of the following as cheaper financing alternatives instead of traditional corporate loans?

A) Foreign direct investment (FDI) B) Equity crowdfunding C) Commercial papers and corporate bond markets D) Venture capital funding

ALL TN Comp Exams Prep

August 18, 2025 - Current affairs for all the Exams: India's Economic Landscape Buoyed by S&P Upgrade and Landmark GST Reforms Amidst Trade Challenges

Your Score: 0 / 0

1. What was India's new long-term sovereign credit rating assigned by S&P Global?

2. The recent S&P Global upgrade of India's sovereign credit rating is the first such upgrade in how many years?

3. Under the proposed rationalization of the GST structure, what are the two main slab rates for daily essentials and electronics?

4. What special GST rate is proposed for 'sin and demerit goods' like online gaming?

5. Despite planned tax cuts from GST reforms, what fiscal deficit target does the Indian government express confidence in meeting for the current fiscal year?

6. Which of the following sectors is NOT explicitly mentioned as being heavily reliant on the US market and potentially affected by US tariffs on Indian exports?

7. Regarding the Indian financial markets, what trend has been observed with Domestic Institutional Investors (DIIs) amidst the recent market recovery?

8. What was the trend in corporate loan growth during the April-June 2025 quarter?

9. Companies are increasingly opting for which of the following as cheaper financing alternatives instead of traditional corporate loans?

August 18, 2025 - Current affairs for all the Exams: India's Economic Landscape Buoyed by S&P Upgrade and Landmark GST Reforms Amidst Trade Challenges

Your Score: 0 / 0

1. What was India's new long-term sovereign credit rating assigned by S&P Global?

2. The recent S&P Global upgrade of India's sovereign credit rating is the first such upgrade in how many years?

3. Under the proposed rationalization of the GST structure, what are the two main slab rates for daily essentials and electronics?

4. What special GST rate is proposed for 'sin and demerit goods' like online gaming?

5. Despite planned tax cuts from GST reforms, what fiscal deficit target does the Indian government express confidence in meeting for the current fiscal year?

6. Which of the following sectors is NOT explicitly mentioned as being heavily reliant on the US market and potentially affected by US tariffs on Indian exports?

7. Regarding the Indian financial markets, what trend has been observed with Domestic Institutional Investors (DIIs) amidst the recent market recovery?

8. What was the trend in corporate loan growth during the April-June 2025 quarter?

9. Companies are increasingly opting for which of the following as cheaper financing alternatives instead of traditional corporate loans?

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