MCQ Test: August 19, 2025 - Current affairs for all the Exams: India's Economy Buoyed by Major GST Reforms, Market Rally Amidst US Tariff Concerns

1. As per the proposed GST reforms, what will be the simplified two-tier structure for most goods?

A) 8% and 12% B) 5% and 18% C) 10% and 20% D) 12% and 28%

2. Which of the following sectors are specifically mentioned as likely to benefit from the "next-generation GST reforms" due to potential tax reductions?

A) Pharmaceuticals and IT services B) Telecommunications and Banking C) Automobiles and Insurance D) Real Estate and Education

3. On Monday, which Indian stock market index briefly crossed the 25,000 mark, driven by optimism surrounding GST simplification?

A) S&P BSE Sensex B) NSE Nifty Midcap 100 C) NSE Nifty50 D) BSE Bankex

4. What was India's overall unemployment rate in July, as reported in the provided content?

A) 5.6% B) 4.9% C) 7.2% D) 5.2%

5. The US imposed a 50% tariff on Indian exports primarily citing which reason?

A) India's trade surplus with the US B) India's intellectual property rights violations C) India's continued purchase of Russian oil D) India's restrictions on US agricultural imports

6. According to Moody's Analytics, what is the projected reduction in India's FY 2025 GDP due to the recently imposed US tariffs?

A) 0.5% B) 1.0% C) 0.7% D) 1.2%

7. Which global rating agency recently upgraded India's long-term sovereign credit rating to 'BBB' from 'BBB-'?

A) Fitch Ratings B) Moody's Investors Service C) S&P Global Ratings D) Dominion Bond Rating Service

8. The recent upgrade of India's long-term sovereign credit rating by S&P Global Ratings is significant because it is the first such upgrade in how many years?

A) 10 years B) 15 years C) 18 years D) 20 years

9. Which company recently leased a substantial 2.7 lakh sq ft of office space in Bengaluru for over Rs 1,000 crore?

A) Google B) Apple C) Microsoft D) Amazon

10. Which company's Initial Public Offering (IPO) opened for subscription, raising Rs 621 crore from anchor investors, as mentioned in the business developments?

A) Muthoottu Mini Financiers B) Vikram Solar C) Maruti Suzuki India D) Tata Motors

ALL TN Comp Exams Prep

August 19, 2025 - Current affairs for all the Exams: India's Economy Buoyed by Major GST Reforms, Market Rally Amidst US Tariff Concerns

Your Score: 0 / 0

1. As per the proposed GST reforms, what will be the simplified two-tier structure for most goods?

2. Which of the following sectors are specifically mentioned as likely to benefit from the "next-generation GST reforms" due to potential tax reductions?

3. On Monday, which Indian stock market index briefly crossed the 25,000 mark, driven by optimism surrounding GST simplification?

4. What was India's overall unemployment rate in July, as reported in the provided content?

5. The US imposed a 50% tariff on Indian exports primarily citing which reason?

6. According to Moody's Analytics, what is the projected reduction in India's FY 2025 GDP due to the recently imposed US tariffs?

7. Which global rating agency recently upgraded India's long-term sovereign credit rating to 'BBB' from 'BBB-'?

8. The recent upgrade of India's long-term sovereign credit rating by S&P Global Ratings is significant because it is the first such upgrade in how many years?

9. Which company recently leased a substantial 2.7 lakh sq ft of office space in Bengaluru for over Rs 1,000 crore?

10. Which company's Initial Public Offering (IPO) opened for subscription, raising Rs 621 crore from anchor investors, as mentioned in the business developments?

August 19, 2025 - Current affairs for all the Exams: India's Economy Buoyed by Major GST Reforms, Market Rally Amidst US Tariff Concerns

Your Score: 0 / 0

1. As per the proposed GST reforms, what will be the simplified two-tier structure for most goods?

2. Which of the following sectors are specifically mentioned as likely to benefit from the "next-generation GST reforms" due to potential tax reductions?

3. On Monday, which Indian stock market index briefly crossed the 25,000 mark, driven by optimism surrounding GST simplification?

4. What was India's overall unemployment rate in July, as reported in the provided content?

5. The US imposed a 50% tariff on Indian exports primarily citing which reason?

6. According to Moody's Analytics, what is the projected reduction in India's FY 2025 GDP due to the recently imposed US tariffs?

7. Which global rating agency recently upgraded India's long-term sovereign credit rating to 'BBB' from 'BBB-'?

8. The recent upgrade of India's long-term sovereign credit rating by S&P Global Ratings is significant because it is the first such upgrade in how many years?

9. Which company recently leased a substantial 2.7 lakh sq ft of office space in Bengaluru for over Rs 1,000 crore?

10. Which company's Initial Public Offering (IPO) opened for subscription, raising Rs 621 crore from anchor investors, as mentioned in the business developments?

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