MCQ Test: India's Economy Surges on Festive Demand, GST Reforms, and Strong Global Outlook

1. Which of the following is NOT cited as a primary factor contributing to India's optimistic economic outlook?

A) Ongoing festive season B) Successful implementation of GST reforms C) Resilient export sector D) Significant reduction in crude oil prices

2. According to the provided content, what percentage of India's Gross Domestic Product (GDP) is constituted by household consumption?

A) 20% B) 40% C) 60% D) 80%

3. Union Finance Minister Nirmala Sitharaman announced that the benefits of GST 2.0 reforms were passed on to consumers for how many daily-use items?

A) 25 B) 54 C) 60 D) 100

4. What nominal GDP growth rate is the government anticipating for India for the financial year 2025-26, primarily driven by increased consumption from GST reforms?

A) Over 5% B) Over 7% C) Over 10% D) Over 12%

5. Which Union Minister expressed strong confidence in India achieving positive export growth in the current financial year (2025-26) despite global trade disruptions?

A) Nirmala Sitharaman B) Piyush Goyal C) Narendra Modi D) Amit Shah

6. During bilateral trade agreement talks with the United States, India is prioritizing the interests of which of the following sectors?

A) Large corporations and IT services B) Farmers, fishermen, and MSMEs C) Defense manufacturing and aerospace D) Pharmaceutical industry and biotechnology

7. The European Union market accounts for approximately what percentage of India's total exports, making the Free Trade Agreement negotiations crucial?

A) 5% B) 10% C) 17% D) 25%

8. IMF Managing Director Kristalina Georgieva lauded India's economic reforms, recognizing the nation as a 'key growth engine' and raising its 2025 growth forecast to what percentage?

A) 5.5% B) 6.0% C) 6.6% D) 7.0%

9. Prime Minister Narendra Modi, speaking at the NDTV World Summit, affirmed India's transition from being among the 'fragile 5' to which global economic standing?

A) One of the "top ten" economies B) One of the "top five" economies C) The "third largest" economy D) The "second largest" economy

10. Which former UK Prime Minister referred to India as an 'economic superpower' and noted its achievement of surpassing Japan to become the world's fourth-largest economy by nominal GDP?

A) Boris Johnson B) Theresa May C) David Cameron D) Rishi Sunak

11. Which foreign bank announced its acquisition of a 60% stake in RBL Bank for $3 billion, representing one of the largest foreign direct investment deals in the Indian banking sector?

A) Standard Chartered Bank B) HSBC C) Emirates NBD D) DBS Bank

12. The Confederation of Indian Industry (CII) has recognized Diwali as a pivotal economic event stimulating which of the following?

A) Primarily agricultural output B) Retail expansion, funding flows, and MSME growth C) Only large-scale industrial manufacturing D) Government infrastructure projects

13. Commerce & Industry Minister Piyush Goyal highlighted that the recent GST reforms are already showing a 'multiplier effect' on which aspects?

A) Agricultural production and rural employment B) Investment, business, and industry C) Educational institutions and healthcare facilities D) Defense spending and technological research

14. What were the primary reasons attributed to IndusInd Bank's net loss in Q2 FY26, as mentioned in the content?

A) Decline in non-interest income and poor asset quality B) Accelerated write-offs and increased provisions in microfinance C) Significant increase in operating expenses and bad loans D) Reduced demand for corporate loans and high interest rates

ALL TN Comp Exams Prep

India's Economy Surges on Festive Demand, GST Reforms, and Strong Global Outlook

Your Score: 0 / 0

1. Which of the following is NOT cited as a primary factor contributing to India's optimistic economic outlook?

2. According to the provided content, what percentage of India's Gross Domestic Product (GDP) is constituted by household consumption?

3. Union Finance Minister Nirmala Sitharaman announced that the benefits of GST 2.0 reforms were passed on to consumers for how many daily-use items?

4. What nominal GDP growth rate is the government anticipating for India for the financial year 2025-26, primarily driven by increased consumption from GST reforms?

5. Which Union Minister expressed strong confidence in India achieving positive export growth in the current financial year (2025-26) despite global trade disruptions?

6. During bilateral trade agreement talks with the United States, India is prioritizing the interests of which of the following sectors?

7. The European Union market accounts for approximately what percentage of India's total exports, making the Free Trade Agreement negotiations crucial?

8. IMF Managing Director Kristalina Georgieva lauded India's economic reforms, recognizing the nation as a 'key growth engine' and raising its 2025 growth forecast to what percentage?

9. Prime Minister Narendra Modi, speaking at the NDTV World Summit, affirmed India's transition from being among the 'fragile 5' to which global economic standing?

10. Which former UK Prime Minister referred to India as an 'economic superpower' and noted its achievement of surpassing Japan to become the world's fourth-largest economy by nominal GDP?

11. Which foreign bank announced its acquisition of a 60% stake in RBL Bank for $3 billion, representing one of the largest foreign direct investment deals in the Indian banking sector?

12. The Confederation of Indian Industry (CII) has recognized Diwali as a pivotal economic event stimulating which of the following?

13. Commerce & Industry Minister Piyush Goyal highlighted that the recent GST reforms are already showing a 'multiplier effect' on which aspects?

14. What were the primary reasons attributed to IndusInd Bank's net loss in Q2 FY26, as mentioned in the content?

India's Economy Surges on Festive Demand, GST Reforms, and Strong Global Outlook

Your Score: 0 / 0

1. Which of the following is NOT cited as a primary factor contributing to India's optimistic economic outlook?

2. According to the provided content, what percentage of India's Gross Domestic Product (GDP) is constituted by household consumption?

3. Union Finance Minister Nirmala Sitharaman announced that the benefits of GST 2.0 reforms were passed on to consumers for how many daily-use items?

4. What nominal GDP growth rate is the government anticipating for India for the financial year 2025-26, primarily driven by increased consumption from GST reforms?

5. Which Union Minister expressed strong confidence in India achieving positive export growth in the current financial year (2025-26) despite global trade disruptions?

6. During bilateral trade agreement talks with the United States, India is prioritizing the interests of which of the following sectors?

7. The European Union market accounts for approximately what percentage of India's total exports, making the Free Trade Agreement negotiations crucial?

8. IMF Managing Director Kristalina Georgieva lauded India's economic reforms, recognizing the nation as a 'key growth engine' and raising its 2025 growth forecast to what percentage?

9. Prime Minister Narendra Modi, speaking at the NDTV World Summit, affirmed India's transition from being among the 'fragile 5' to which global economic standing?

10. Which former UK Prime Minister referred to India as an 'economic superpower' and noted its achievement of surpassing Japan to become the world's fourth-largest economy by nominal GDP?

11. Which foreign bank announced its acquisition of a 60% stake in RBL Bank for $3 billion, representing one of the largest foreign direct investment deals in the Indian banking sector?

12. The Confederation of Indian Industry (CII) has recognized Diwali as a pivotal economic event stimulating which of the following?

13. Commerce & Industry Minister Piyush Goyal highlighted that the recent GST reforms are already showing a 'multiplier effect' on which aspects?

14. What were the primary reasons attributed to IndusInd Bank's net loss in Q2 FY26, as mentioned in the content?

📢 Share this page