MCQ Test: Indian Economy Poised for Strong Growth Amidst Policy Initiatives and Global Optimism

1. According to Chief Economic Advisor Mr. V. Anantha Nageswaran, India's GDP growth for Fiscal Year 2026 (FY26) is likely to surpass what percentage, primarily attributed to strengthened consumption from GST rate cuts and income tax relief?

A) 6.0% B) 6.8% C) 7.2% D) 7.8%

2. Global investment bank Goldman Sachs recently upgraded its stance on Indian equities to 'overweight'. Which of the following was NOT cited as a reason for this optimistic forecast?

A) Improving financial conditions B) Growth-supportive government policies C) A significant increase in foreign aid D) A shift in global investment sentiment towards India

3. India's deeptech market is projected to reach what value by 2030, driven by innovation primarily in which two sectors?

A) US$20 billion; healthcare and education B) US$30 billion; defence and robotics C) US$40 billion; renewable energy and agriculture D) US$50 billion; automotive and textiles

4. India plans to boost the production of which rare earth element ninefold to 500 tonnes by FY27, with the aim of reducing import dependency?

A) Lithium B) Cobalt C) Neodymium D) Dysprosium

5. India's adoption of Artificial Intelligence (AI) is reportedly tripling year-on-year. What key factor is mentioned as a primary driver for this rapid adoption?

A) Government subsidies for AI research B) Extensive foreign direct investment in AI companies C) A young talent pool D) Low cost of energy for data centers

6. India recently concluded a week-long Free Trade Agreement (FTA) negotiation in New Delhi with which major economic entity?

A) ASEAN B) United States C) European Union D) MERCOSUR

7. During pre-Budget consultations for the Union Budget FY27, economists advocated for a comprehensive manufacturing policy. What key suggestion was made regarding the Production-Linked Incentive (PLI) scheme?

A) To expand it to all service sectors B) To rejig it to be more MSME-friendly and focus on value addition C) To phase it out to reduce fiscal deficit D) To restrict it only to large foreign corporations

8. The new Income Tax Act, 2025, is scheduled to come into effect on which date?

A) January 1, 2025 B) April 1, 2025 C) January 1, 2026 D) April 1, 2026

9. Household consumption in India has shown a recovery after several quarters of slowdown. What are the primary factors attributed to this revival?

A) Increased government employment and export growth B) GST rationalization and the festive season C) Lower interest rates and reduced foreign investment D) Rise in global commodity prices and agricultural subsidies

10. Which Indian public sector undertaking (PSU) recently signed a major deal with General Electric for fighter aircraft engines?

A) Bharat Electronics Limited (BEL) B) Hindustan Aeronautics Limited (HAL) C) Bharat Dynamics Limited (BDL) D) Mazagon Dock Shipbuilders Limited (MDL)

11. Coal India has entered into a joint venture for a thermal power project of what capacity?

A) 800 MW B) 1,200 MW C) 1,600 MW D) 2,000 MW

12. Indian refiners like HPCL and MRPL are actively seeking alternative oil sources from the US and the Middle East due to what specific geopolitical reason?

A) Increased domestic demand for refined products B) Price volatility in traditional markets C) US sanctions on Russian oil companies D) Environmental regulations favoring specific crude types

13. What was India's first-quarter FY26 GDP growth recorded at, driven by strong performance in agriculture and robust activity in services like trade, hospitality, finance, and real estate?

A) 6.5% B) 7.0% C) 7.8% D) 8.1%

ALL TN Comp Exams Prep

Indian Economy Poised for Strong Growth Amidst Policy Initiatives and Global Optimism

Your Score: 0 / 0

1. According to Chief Economic Advisor Mr. V. Anantha Nageswaran, India's GDP growth for Fiscal Year 2026 (FY26) is likely to surpass what percentage, primarily attributed to strengthened consumption from GST rate cuts and income tax relief?

2. Global investment bank Goldman Sachs recently upgraded its stance on Indian equities to 'overweight'. Which of the following was NOT cited as a reason for this optimistic forecast?

3. India's deeptech market is projected to reach what value by 2030, driven by innovation primarily in which two sectors?

4. India plans to boost the production of which rare earth element ninefold to 500 tonnes by FY27, with the aim of reducing import dependency?

5. India's adoption of Artificial Intelligence (AI) is reportedly tripling year-on-year. What key factor is mentioned as a primary driver for this rapid adoption?

6. India recently concluded a week-long Free Trade Agreement (FTA) negotiation in New Delhi with which major economic entity?

7. During pre-Budget consultations for the Union Budget FY27, economists advocated for a comprehensive manufacturing policy. What key suggestion was made regarding the Production-Linked Incentive (PLI) scheme?

8. The new Income Tax Act, 2025, is scheduled to come into effect on which date?

9. Household consumption in India has shown a recovery after several quarters of slowdown. What are the primary factors attributed to this revival?

10. Which Indian public sector undertaking (PSU) recently signed a major deal with General Electric for fighter aircraft engines?

11. Coal India has entered into a joint venture for a thermal power project of what capacity?

12. Indian refiners like HPCL and MRPL are actively seeking alternative oil sources from the US and the Middle East due to what specific geopolitical reason?

13. What was India's first-quarter FY26 GDP growth recorded at, driven by strong performance in agriculture and robust activity in services like trade, hospitality, finance, and real estate?

Indian Economy Poised for Strong Growth Amidst Policy Initiatives and Global Optimism

Your Score: 0 / 0

1. According to Chief Economic Advisor Mr. V. Anantha Nageswaran, India's GDP growth for Fiscal Year 2026 (FY26) is likely to surpass what percentage, primarily attributed to strengthened consumption from GST rate cuts and income tax relief?

2. Global investment bank Goldman Sachs recently upgraded its stance on Indian equities to 'overweight'. Which of the following was NOT cited as a reason for this optimistic forecast?

3. India's deeptech market is projected to reach what value by 2030, driven by innovation primarily in which two sectors?

4. India plans to boost the production of which rare earth element ninefold to 500 tonnes by FY27, with the aim of reducing import dependency?

5. India's adoption of Artificial Intelligence (AI) is reportedly tripling year-on-year. What key factor is mentioned as a primary driver for this rapid adoption?

6. India recently concluded a week-long Free Trade Agreement (FTA) negotiation in New Delhi with which major economic entity?

7. During pre-Budget consultations for the Union Budget FY27, economists advocated for a comprehensive manufacturing policy. What key suggestion was made regarding the Production-Linked Incentive (PLI) scheme?

8. The new Income Tax Act, 2025, is scheduled to come into effect on which date?

9. Household consumption in India has shown a recovery after several quarters of slowdown. What are the primary factors attributed to this revival?

10. Which Indian public sector undertaking (PSU) recently signed a major deal with General Electric for fighter aircraft engines?

11. Coal India has entered into a joint venture for a thermal power project of what capacity?

12. Indian refiners like HPCL and MRPL are actively seeking alternative oil sources from the US and the Middle East due to what specific geopolitical reason?

13. What was India's first-quarter FY26 GDP growth recorded at, driven by strong performance in agriculture and robust activity in services like trade, hospitality, finance, and real estate?

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