MCQ Test: India's Economic Momentum Continues with Strong GDP Forecasts and Global Engagements

1. Which institution projected a Gross Domestic Product (GDP) growth of 7.5% or more for India in the second quarter of the current fiscal year (FY26)?

A) Reserve Bank of India (RBI) B) State Bank of India (SBI) Research C) ICRA D) Ministry of Finance

2. What are the primary reasons attributed by SBI Research for India's optimistic economic outlook and projected GDP growth?

A) Increased foreign direct investment and stable crude oil prices B) Surge in festive season sales and positive impact of GST rate rationalization C) Growth in agricultural output and reduced inflation D) Expansion of the IT sector and government subsidies

3. By what year does Commerce and Industry Minister Piyush Goyal aim for India to become the world's third-largest economy?

A) 2025 B) 2027 C) 2030 D) 2035

4. Which country did India surpass earlier this year to become the world's fourth-largest economy?

A) Germany B) United Kingdom C) Japan D) France

5. The initial phase of a trade deal between India and which other country is reported to be 'more or less near closure'?

A) United Kingdom B) European Union C) United States D) Australia

6. Minister Piyush Goyal recently led a business delegation to which country to deepen economic cooperation and promote investment?

A) UAE B) Israel C) Germany D) South Korea

7. What is India's current standing as a trading partner for Israel in Asia?

A) Largest B) Second-largest C) Third-largest D) Fourth-largest

8. What is the primary purpose of the new unified trade intelligence portal launched by Piyush Goyal?

A) To manage import tariffs and customs duties B) To provide real-time analytics on FTA utilization, global market trends, and export opportunities C) To facilitate online applications for export licenses D) To track domestic manufacturing output and employment figures

9. How many projects were approved under the electronics component manufacturing scheme, signaling significant investment in the manufacturing sector?

A) 10 B) 12 C) 15 D) 17

10. What is the financial outlay and duration of the export mission approved by the Union Cabinet to support Indian exporters?

A) Rs 10,000 crore over 3 years B) Rs 15,000 crore over 5 years C) Rs 25,000 crore over 6 years D) Rs 30,000 crore over 4 years

11. According to an SBI report, what is the estimated GST collection for November, primarily driven by festive demand and enhanced compliance?

A) Below ₹1.5 lakh crore B) Around ₹1.75 lakh crore C) Exceeding ₹2 lakh crore D) Exactly ₹1.9 lakh crore

ALL TN Comp Exams Prep

India's Economic Momentum Continues with Strong GDP Forecasts and Global Engagements

Your Score: 0 / 0

1. Which institution projected a Gross Domestic Product (GDP) growth of 7.5% or more for India in the second quarter of the current fiscal year (FY26)?

2. What are the primary reasons attributed by SBI Research for India's optimistic economic outlook and projected GDP growth?

3. By what year does Commerce and Industry Minister Piyush Goyal aim for India to become the world's third-largest economy?

4. Which country did India surpass earlier this year to become the world's fourth-largest economy?

5. The initial phase of a trade deal between India and which other country is reported to be 'more or less near closure'?

6. Minister Piyush Goyal recently led a business delegation to which country to deepen economic cooperation and promote investment?

7. What is India's current standing as a trading partner for Israel in Asia?

8. What is the primary purpose of the new unified trade intelligence portal launched by Piyush Goyal?

9. How many projects were approved under the electronics component manufacturing scheme, signaling significant investment in the manufacturing sector?

10. What is the financial outlay and duration of the export mission approved by the Union Cabinet to support Indian exporters?

11. According to an SBI report, what is the estimated GST collection for November, primarily driven by festive demand and enhanced compliance?

India's Economic Momentum Continues with Strong GDP Forecasts and Global Engagements

Your Score: 0 / 0

1. Which institution projected a Gross Domestic Product (GDP) growth of 7.5% or more for India in the second quarter of the current fiscal year (FY26)?

2. What are the primary reasons attributed by SBI Research for India's optimistic economic outlook and projected GDP growth?

3. By what year does Commerce and Industry Minister Piyush Goyal aim for India to become the world's third-largest economy?

4. Which country did India surpass earlier this year to become the world's fourth-largest economy?

5. The initial phase of a trade deal between India and which other country is reported to be 'more or less near closure'?

6. Minister Piyush Goyal recently led a business delegation to which country to deepen economic cooperation and promote investment?

7. What is India's current standing as a trading partner for Israel in Asia?

8. What is the primary purpose of the new unified trade intelligence portal launched by Piyush Goyal?

9. How many projects were approved under the electronics component manufacturing scheme, signaling significant investment in the manufacturing sector?

10. What is the financial outlay and duration of the export mission approved by the Union Cabinet to support Indian exporters?

11. According to an SBI report, what is the estimated GST collection for November, primarily driven by festive demand and enhanced compliance?

📢 Share this page