MCQ Test: Indian Economy and Business: October GST Collections Surge, New Financial Rules Kick In, and $30 Trillion Economy Goal Reiterated

1. What was the approximate percentage increase in India's gross GST revenues in October compared to the same month last year?

A) 0.6% B) 5% C) 7.8% D) 12%

2. Which of the following factors contributed to the strong GST collections in October?

A) Reduction in energy import bill and lower inflation B) Robust festive season spending and improved tax compliance C) Increased foreign direct investment and stock market stability D) New banking regulations and Aadhaar updates

3. According to Commerce and Industry Minister Piyush Goyal, by what year is India poised to become a $30 trillion economy?

A) 2030 B) 2035 C) 2048 D) 2050

4. What is the International Monetary Fund's (IMF) projection for India's economic growth in 2025-26?

A) 7.8% B) 6.6% C) 5% D) 4.5%

5. Which new GST slab was introduced for luxury and 'sin goods' as part of the GST structure simplification effective November 1, 2025?

A) 5% B) 18% C) 40% D) 28%

6. Under the new banking laws amendment effective November 1, 2025, how many individuals can a bank account holder nominate for bank accounts and lockers?

A) Up to one B) Up to two C) Up to three D) Up to four

7. What was the purpose of India imposing a 30% import duty on yellow peas, effective November 1?

A) To increase government revenue from trade tariffs B) To support domestic farmers and address pressure on local prices C) To diversify import sources away from specific countries D) To encourage consumption of other pulses

8. What is the expected consequence for India's energy import bill as Indian refiners pivot away from Russian oil?

A) A significant decrease due to new domestic discoveries B) No significant change, as new cheaper sources are available C) An increase as refiners move towards more expensive crude sources D) A stabilization due to long-term supply agreements

9. Which real estate firm was recognized as the 'Fastest Growing Real Estate Company in India'?

A) Hindustan Unilever Ltd (HUL) B) Coal India C) ASBL D) Punjab National Bank (PNB)

10. By what year is the real estate sector in India projected to become a $1 trillion industry?

A) 2025 B) 2030 C) 2035 D) 2048

11. What changes did SBI Card introduce to its fee structure effective November 1, 2025?

A) A 1% fee on all online transactions B) A 1% fee on education payments via third-party platforms and wallet reloads above Rs 1,000 C) Reduced annual fees for all credit card holders D) Increased cash advance fees across all card types

ALL TN Comp Exams Prep

Indian Economy and Business: October GST Collections Surge, New Financial Rules Kick In, and $30 Trillion Economy Goal Reiterated

Your Score: 0 / 0

1. What was the approximate percentage increase in India's gross GST revenues in October compared to the same month last year?

2. Which of the following factors contributed to the strong GST collections in October?

3. According to Commerce and Industry Minister Piyush Goyal, by what year is India poised to become a $30 trillion economy?

4. What is the International Monetary Fund's (IMF) projection for India's economic growth in 2025-26?

5. Which new GST slab was introduced for luxury and 'sin goods' as part of the GST structure simplification effective November 1, 2025?

6. Under the new banking laws amendment effective November 1, 2025, how many individuals can a bank account holder nominate for bank accounts and lockers?

7. What was the purpose of India imposing a 30% import duty on yellow peas, effective November 1?

8. What is the expected consequence for India's energy import bill as Indian refiners pivot away from Russian oil?

9. Which real estate firm was recognized as the 'Fastest Growing Real Estate Company in India'?

10. By what year is the real estate sector in India projected to become a $1 trillion industry?

11. What changes did SBI Card introduce to its fee structure effective November 1, 2025?

Indian Economy and Business: October GST Collections Surge, New Financial Rules Kick In, and $30 Trillion Economy Goal Reiterated

Your Score: 0 / 0

1. What was the approximate percentage increase in India's gross GST revenues in October compared to the same month last year?

2. Which of the following factors contributed to the strong GST collections in October?

3. According to Commerce and Industry Minister Piyush Goyal, by what year is India poised to become a $30 trillion economy?

4. What is the International Monetary Fund's (IMF) projection for India's economic growth in 2025-26?

5. Which new GST slab was introduced for luxury and 'sin goods' as part of the GST structure simplification effective November 1, 2025?

6. Under the new banking laws amendment effective November 1, 2025, how many individuals can a bank account holder nominate for bank accounts and lockers?

7. What was the purpose of India imposing a 30% import duty on yellow peas, effective November 1?

8. What is the expected consequence for India's energy import bill as Indian refiners pivot away from Russian oil?

9. Which real estate firm was recognized as the 'Fastest Growing Real Estate Company in India'?

10. By what year is the real estate sector in India projected to become a $1 trillion industry?

11. What changes did SBI Card introduce to its fee structure effective November 1, 2025?

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