MCQ Test: August 21, 2025 - Current affairs for all the Exams: India Navigates Global Trade Headwinds with Strategic Alliances and Domestic Reforms

1. What is the primary reason cited by the US for imposing additional duties on Indian exports, leading to tariffs of up to 50%?

A) India's trade surplus with the US B) India's continued imports of Russian oil C) India's intellectual property rights violations D) India's stance on climate change agreements

2. According to the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC), what is the projected growth rate for India, despite concerns over external factors?

A) 1.1% B) 1.7% C) 6.5% D) 87.07%

3. With which economic bloc has India signed the Terms of Reference (ToR) to launch negotiations for a Free Trade Agreement (FTA)?

A) European Union (EU) B) Association of Southeast Asian Nations (ASEAN) C) Eurasian Economic Union (EAEU) D) Gulf Cooperation Council (GCC)

4. What were the Index of Industrial Production (IIP) growth and Consumer Price Index (CPI) inflation rates for India in July 2025, respectively?

A) IIP 1.7%, CPI 1.1% B) IIP 6.5%, CPI 1.7% C) IIP 1.1%, CPI 1.7% D) IIP 1.7%, CPI 6.5%

5. Which Union Minister heads the informal group of ministers (iGoM) tasked with recommending reforms in the economic and technology sectors?

A) Rajnath Singh B) Nirmala Sitharaman C) Amit Shah D) Piyush Goyal

6. The Lok Sabha recently passed a bill aimed at regulating online games played with money. What is the primary objective of this bill?

A) To promote online gaming as a sport. B) To levy higher taxes on online gaming companies. C) To curb addiction and financial fraud in online gaming. D) To encourage foreign investment in the online gaming sector.

7. Hindustan Aeronautics Limited (HAL) secured a significant order worth ₹62,000 crore for which type of aircraft for the Indian Air Force?

A) Rafale fighter jets B) Apache attack helicopters C) Light Combat Aircraft (LCA) Tejas Mk1A D) C-17 Globemaster transport aircraft

8. Which company recently established a new subsidiary, Honda Finance India Private Ltd., to offer retail sales financing services for its products in India?

A) Tata Motors B) Maruti Suzuki C) Honda Motor Co., Ltd. D) Mahindra & Mahindra

9. What significant development has been reported regarding India and China aimed at rebuilding ties?

A) Agreement to resolve border disputes immediately. B) Agreement to step up trade flows and resume direct flights. C) Joint military exercises along the border. D) India's decision to ban all Chinese apps.

10. What factors contributed to the Indian rupee settling higher against the US dollar at 87.07?

A) Increased imports and higher inflation. B) Easing trade tariff worries and hopes of Russia-Ukraine peace. C) Significant foreign direct investment inflows only. D) Decline in domestic industrial production.

ALL TN Comp Exams Prep

August 21, 2025 - Current affairs for all the Exams: India Navigates Global Trade Headwinds with Strategic Alliances and Domestic Reforms

Your Score: 0 / 0

1. What is the primary reason cited by the US for imposing additional duties on Indian exports, leading to tariffs of up to 50%?

2. According to the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC), what is the projected growth rate for India, despite concerns over external factors?

3. With which economic bloc has India signed the Terms of Reference (ToR) to launch negotiations for a Free Trade Agreement (FTA)?

4. What were the Index of Industrial Production (IIP) growth and Consumer Price Index (CPI) inflation rates for India in July 2025, respectively?

5. Which Union Minister heads the informal group of ministers (iGoM) tasked with recommending reforms in the economic and technology sectors?

6. The Lok Sabha recently passed a bill aimed at regulating online games played with money. What is the primary objective of this bill?

7. Hindustan Aeronautics Limited (HAL) secured a significant order worth ₹62,000 crore for which type of aircraft for the Indian Air Force?

8. Which company recently established a new subsidiary, Honda Finance India Private Ltd., to offer retail sales financing services for its products in India?

9. What significant development has been reported regarding India and China aimed at rebuilding ties?

10. What factors contributed to the Indian rupee settling higher against the US dollar at 87.07?

August 21, 2025 - Current affairs for all the Exams: India Navigates Global Trade Headwinds with Strategic Alliances and Domestic Reforms

Your Score: 0 / 0

1. What is the primary reason cited by the US for imposing additional duties on Indian exports, leading to tariffs of up to 50%?

2. According to the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC), what is the projected growth rate for India, despite concerns over external factors?

3. With which economic bloc has India signed the Terms of Reference (ToR) to launch negotiations for a Free Trade Agreement (FTA)?

4. What were the Index of Industrial Production (IIP) growth and Consumer Price Index (CPI) inflation rates for India in July 2025, respectively?

5. Which Union Minister heads the informal group of ministers (iGoM) tasked with recommending reforms in the economic and technology sectors?

6. The Lok Sabha recently passed a bill aimed at regulating online games played with money. What is the primary objective of this bill?

7. Hindustan Aeronautics Limited (HAL) secured a significant order worth ₹62,000 crore for which type of aircraft for the Indian Air Force?

8. Which company recently established a new subsidiary, Honda Finance India Private Ltd., to offer retail sales financing services for its products in India?

9. What significant development has been reported regarding India and China aimed at rebuilding ties?

10. What factors contributed to the Indian rupee settling higher against the US dollar at 87.07?

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