MCQ Test: Indian Economy Shows Robust Growth, IMF Upgrades Forecast, and Trade Relations Strengthen

1. According to the IMF's recent projections, which country is India expected to surpass first to become the fourth-largest economy by nominal GDP?

A) China B) Germany C) Japan D) United States

2. The International Monetary Fund (IMF) upgraded India's GDP growth projection for 2025 primarily due to which of the following factors?

A) Increased foreign direct investment and stable crude oil prices. B) Robust reform initiatives and digital advancements. C) Significant boost in agricultural output and export subsidies. D) Reduced inflation rates and a strong manufacturing sector.

3. What is the primary reason cited by the IMF for slightly downgrading India's GDP growth projections for 2026?

A) A predicted global economic slowdown. B) Potential impact of increased US effective tariff rates on imports from India. C) Domestic policy uncertainties and lack of new reforms. D) Decline in household savings and investment.

4. According to Union Commerce and Industry Minister Piyush Goyal, for how many consecutive years has India been the fastest-growing economy globally?

A) Two years B) Three years C) Four years D) Five years

5. Approximately how many people have been lifted out of poverty in India over the last decade, as stated by Union Minister Piyush Goyal?

A) Over 15 crore B) Over 20 crore C) Over 25 crore D) Over 30 crore

6. India and Brazil are aiming to achieve a bilateral trade target of $20 billion by which year?

A) 2025 B) 2028 C) 2030 D) 2035

7. Which segment of the population is highlighted by Minister Goyal as playing a significant role in powering the Indian economy?

A) The agricultural workforce. B) The emerging neo-middle class. C) Overseas Indian diaspora. D) Large industrial conglomerates.

8. The positive response in Indian stock markets mentioned in the text was influenced by which of the following factors?

A) Only I and II B) Only I and III C) Only II and III D) All I, II, and III

9. According to the Elara Securities report, what is the notable shift in India's household savings patterns?

A) Moving towards real estate and gold. B) Moving away from capital markets towards bank deposits. C) Moving away from traditional bank deposits towards capital markets and pension schemes. D) Increased preference for foreign currency holdings.

10. The shift in household savings patterns towards capital markets and pension schemes is primarily driven by the pursuit of what?

A) Immediate liquidity and short-term gains. B) Tax benefits and government subsidies. C) Higher returns and long-term wealth creation. D) Diversification into international assets.

11. In which locations did Bangladesh decide to scrap the Indian Economic Zone projects?

A) Dhaka and Chittagong B) Mirsarai and Mongla C) Khulna and Sylhet D) Cox's Bazar and Rajshahi

12. What was the stated reason for Bangladesh's decision to scrap the Indian Economic Zone projects?

A) Diplomatic tensions between the two countries. B) Lack of funding from the Indian side. C) Years of inactivity and a lack of response from India regarding development work. D) Local protests and environmental concerns.

13. The Indian Economic Zone projects in Bangladesh were originally planned as what type of projects?

A) Public-private partnerships funded by international banks. B) Fully private sector initiatives by Indian companies. C) Government-to-government projects under India's concessional line of credit. D) Joint ventures with Bangladeshi local authorities.

14. After surpassing Japan and Germany, India is projected by the IMF to eventually trail which two economies in nominal GDP?

A) United Kingdom and France B) Russia and Canada C) United States and China D) Germany and Japan (before surpassing them)

15. Who is the current Union Commerce and Industry Minister of India, as mentioned in the text?

A) S. Jaishankar B) Nirmala Sitharaman C) Piyush Goyal D) Amit Shah

ALL TN Comp Exams Prep

Indian Economy Shows Robust Growth, IMF Upgrades Forecast, and Trade Relations Strengthen

Your Score: 0 / 0

1. According to the IMF's recent projections, which country is India expected to surpass first to become the fourth-largest economy by nominal GDP?

2. The International Monetary Fund (IMF) upgraded India's GDP growth projection for 2025 primarily due to which of the following factors?

3. What is the primary reason cited by the IMF for slightly downgrading India's GDP growth projections for 2026?

4. According to Union Commerce and Industry Minister Piyush Goyal, for how many consecutive years has India been the fastest-growing economy globally?

5. Approximately how many people have been lifted out of poverty in India over the last decade, as stated by Union Minister Piyush Goyal?

6. India and Brazil are aiming to achieve a bilateral trade target of $20 billion by which year?

7. Which segment of the population is highlighted by Minister Goyal as playing a significant role in powering the Indian economy?

8. The positive response in Indian stock markets mentioned in the text was influenced by which of the following factors?

9. According to the Elara Securities report, what is the notable shift in India's household savings patterns?

10. The shift in household savings patterns towards capital markets and pension schemes is primarily driven by the pursuit of what?

11. In which locations did Bangladesh decide to scrap the Indian Economic Zone projects?

12. What was the stated reason for Bangladesh's decision to scrap the Indian Economic Zone projects?

13. The Indian Economic Zone projects in Bangladesh were originally planned as what type of projects?

14. After surpassing Japan and Germany, India is projected by the IMF to eventually trail which two economies in nominal GDP?

15. Who is the current Union Commerce and Industry Minister of India, as mentioned in the text?

Indian Economy Shows Robust Growth, IMF Upgrades Forecast, and Trade Relations Strengthen

Your Score: 0 / 0

1. According to the IMF's recent projections, which country is India expected to surpass first to become the fourth-largest economy by nominal GDP?

2. The International Monetary Fund (IMF) upgraded India's GDP growth projection for 2025 primarily due to which of the following factors?

3. What is the primary reason cited by the IMF for slightly downgrading India's GDP growth projections for 2026?

4. According to Union Commerce and Industry Minister Piyush Goyal, for how many consecutive years has India been the fastest-growing economy globally?

5. Approximately how many people have been lifted out of poverty in India over the last decade, as stated by Union Minister Piyush Goyal?

6. India and Brazil are aiming to achieve a bilateral trade target of $20 billion by which year?

7. Which segment of the population is highlighted by Minister Goyal as playing a significant role in powering the Indian economy?

8. The positive response in Indian stock markets mentioned in the text was influenced by which of the following factors?

9. According to the Elara Securities report, what is the notable shift in India's household savings patterns?

10. The shift in household savings patterns towards capital markets and pension schemes is primarily driven by the pursuit of what?

11. In which locations did Bangladesh decide to scrap the Indian Economic Zone projects?

12. What was the stated reason for Bangladesh's decision to scrap the Indian Economic Zone projects?

13. The Indian Economic Zone projects in Bangladesh were originally planned as what type of projects?

14. After surpassing Japan and Germany, India is projected by the IMF to eventually trail which two economies in nominal GDP?

15. Who is the current Union Commerce and Industry Minister of India, as mentioned in the text?

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