MCQ Test: India's Economy Poised for Robust Growth in FY26; New GDP Series to Reflect Digital Transformation

1. Which of the following factors is NOT cited by the Indian Finance Ministry as contributing to India's robust economic growth outlook for FY26?

A) Strong domestic demand B) Favorable monsoon conditions C) Increased government spending on defense imports D) Monetary easing and lower inflation

2. India is set to roll out a new GDP series with a revised base year. What is the new base year being adopted?

A) 2011-12 B) 2017-18 C) 2022-23 D) 2020-21

3. What is the primary objective of shifting the base year for India's new GDP series to 2022-23?

A) To reduce the national debt figures B) To better reflect the country's expanding digital footprint, including e-commerce and gig work C) To align with the fiscal year of major global economies D) To primarily focus on agricultural output and traditional industries

4. For FY26, which two bodies revised India's GDP growth forecasts upwards, positioning India as one of the fastest-growing emerging market economies?

A) World Bank and Asian Development Bank B) International Monetary Fund (IMF) and Reserve Bank of India (RBI) C) NITI Aayog and Ministry of Commerce D) United Nations and Moody's Investors Service

5. According to the report, how is India's projected GDP growth for FY26 expected to compare with China's?

A) India's growth is projected to be lower than China's. B) India's growth is projected to be on par with China's. C) India is expected to outpace China's projected growth. D) The report does not provide a comparison between India and China's growth.

6. Which of the following was NOT cited by the NCAER survey as a reason for the moderation in India's business sentiments in Q2FY26?

A) International uncertainties B) Domestic GST reforms C) Additional US tariffs on India D) Record foreign direct investment inflows

7. India currently faces significant punitive tariffs on its exports to the US. What is one of the primary reasons cited for a portion of these tariffs?

A) India's increased textile exports to the US B) Retaliation for India's purchases of Russian oil C) Disputes over intellectual property rights D) High import duties imposed by India on US agricultural products

8. How have new European Union sanctions on Russia impacted India's trade dynamics with Russia?

A) They have led to a significant decrease in bilateral trade between India and Russia. B) They have prompted India to impose sanctions on Russia as well. C) They have created new opportunities for Indian businesses to supply goods, leading to increased bilateral trade. D) They have had no noticeable effect on India-Russia trade relations.

9. Amazon aims to significantly increase cumulative e-commerce exports from India by 2030. What is their target amount?

A) $20 billion B) $40 billion C) $60 billion D) $80 billion

10. What aspect of India's trade performance is highlighted as robust and effectively offsetting the merchandise trade deficit?

A) Increased agricultural exports B) Strong services exports C) Higher remittances from abroad D) Reduced imports of capital goods

11. What was the revised average headline inflation projected for India for 2025-26?

A) 4.0% B) 5.2% C) 2.6% D) 3.8%

ALL TN Comp Exams Prep

India's Economy Poised for Robust Growth in FY26; New GDP Series to Reflect Digital Transformation

Your Score: 0 / 0

1. Which of the following factors is NOT cited by the Indian Finance Ministry as contributing to India's robust economic growth outlook for FY26?

2. India is set to roll out a new GDP series with a revised base year. What is the new base year being adopted?

3. What is the primary objective of shifting the base year for India's new GDP series to 2022-23?

4. For FY26, which two bodies revised India's GDP growth forecasts upwards, positioning India as one of the fastest-growing emerging market economies?

5. According to the report, how is India's projected GDP growth for FY26 expected to compare with China's?

6. Which of the following was NOT cited by the NCAER survey as a reason for the moderation in India's business sentiments in Q2FY26?

7. India currently faces significant punitive tariffs on its exports to the US. What is one of the primary reasons cited for a portion of these tariffs?

8. How have new European Union sanctions on Russia impacted India's trade dynamics with Russia?

9. Amazon aims to significantly increase cumulative e-commerce exports from India by 2030. What is their target amount?

10. What aspect of India's trade performance is highlighted as robust and effectively offsetting the merchandise trade deficit?

11. What was the revised average headline inflation projected for India for 2025-26?

India's Economy Poised for Robust Growth in FY26; New GDP Series to Reflect Digital Transformation

Your Score: 0 / 0

1. Which of the following factors is NOT cited by the Indian Finance Ministry as contributing to India's robust economic growth outlook for FY26?

2. India is set to roll out a new GDP series with a revised base year. What is the new base year being adopted?

3. What is the primary objective of shifting the base year for India's new GDP series to 2022-23?

4. For FY26, which two bodies revised India's GDP growth forecasts upwards, positioning India as one of the fastest-growing emerging market economies?

5. According to the report, how is India's projected GDP growth for FY26 expected to compare with China's?

6. Which of the following was NOT cited by the NCAER survey as a reason for the moderation in India's business sentiments in Q2FY26?

7. India currently faces significant punitive tariffs on its exports to the US. What is one of the primary reasons cited for a portion of these tariffs?

8. How have new European Union sanctions on Russia impacted India's trade dynamics with Russia?

9. Amazon aims to significantly increase cumulative e-commerce exports from India by 2030. What is their target amount?

10. What aspect of India's trade performance is highlighted as robust and effectively offsetting the merchandise trade deficit?

11. What was the revised average headline inflation projected for India for 2025-26?

📢 Share this page