MCQ Test: Indian Economy Navigates Currency Dip Amidst Robust Growth Projections and Key Reforms

1. Which of the following factors were cited as reasons for the Indian rupee's significant depreciation against the US dollar?

A) Foreign portfolio investment (FPI) inflows, widening trade surplus, and weak dollar demand. B) Foreign portfolio investment (FPI) outflows, widening trade deficit, and strong dollar demand. C) Increased remittances, narrowing trade deficit, and stable dollar demand. D) Domestic consumption surge, FPI outflows, and government spending.

2. What term did the RBI Governor use to characterize the current economic phase of India, marked by strong growth and low inflation?

A) Economic Boom B) Goldilocks moment C) Stagflation period D) Recovery phase

3. What was the revised GDP growth projection for FY2025-26 by the Reserve Bank of India (RBI)?

A) 6.8% B) 7.0% C) 7.3% D) 8.2%

4. The Reserve Bank of India (RBI) cut the repo rate by 25 basis points to what new percentage?

A) 5.00% B) 5.25% C) 5.50% D) 5.75%

5. Which payments bank received in-principle approval from the RBI to convert into a Small Finance Bank (SFB)?

A) Paytm Payments Bank B) Airtel Payments Bank C) Fino Payments Bank D) India Post Payments Bank

6. What was the approximate cumulative value of transactions for India's retail Central Bank Digital Currency (e₹) mentioned in the highlights?

A) ₹120 million B) ₹28,000 crore C) ₹1,00,000 crore D) ₹90 crore

7. How did the Reserve Bank of India (RBI) inject liquidity into the system as mentioned in the highlights?

A) By increasing the Cash Reserve Ratio (CRR) B) Through Open Market Operations (OMO) by purchasing government securities C) By selling government securities in the open market D) By raising the repo rate

8. What is the next major reform agenda announced by Finance Minister Nirmala Sitharaman, ahead of Budget 2026?

A) Privatization of public sector banks B) Simplification of customs procedures C) Introduction of a new direct tax code D) Digitalization of land records

9. What is the target for bilateral trade between India and Russia by 2030, as agreed upon during their 23rd Annual Summit?

A) $50 billion B) $100 billion C) $200 billion D) $500 billion

10. India is discussing a Free Trade Agreement (FTA) with which economic bloc in the context of strengthening trade ties with Russia?

A) European Union B) ASEAN C) Eurasian Economic Union D) BRICS

11. What is the long-term objective for bilateral trade between India and the US by 2030?

A) $100 billion B) $250 billion C) $500 billion D) $1 trillion

12. Exercise Harimau Shakti is a bilateral military training exercise between the Indian army and the army of which country?

A) Indonesia B) Malaysia C) Russia D) United States

13. What significant milestone in diplomatic relations did India and Indonesia celebrate, highlighted by events like the 'India-Indonesia Defence Industry Exhibition-cum-Seminar'?

A) 50 years B) 60 years C) 70 years D) 75 years

14. Which organization, in collaboration with IBM, unveiled a roadmap aimed at positioning India among the top three quantum economies globally by 2047?

A) DRDO B) ISRO C) NITI Aayog D) Ministry of Electronics and Information Technology

15. What significant anniversary of Dr. B.R. Ambedkar's death (Mahaparinirvan Diwas) was observed on December 6?

A) 50th B) 60th C) 70th D) 75th

16. The Health Security & National Security Cess Bill, 2025, passed by the Lok Sabha, introduces a special cess on manufacturing units of which product?

A) Tobacco B) Alcoholic beverages C) Pan Masala D) Sugary drinks

17. The government's rollback of a directive mandating the Sanchar Saathi app reignited a debate on what concept, due to concerns over consent, surveillance, and data misuse?

A) Digital Divide B) Digital Constitutionalism C) Digital Literacy D) Digital Inclusion

ALL TN Comp Exams Prep

Indian Economy Navigates Currency Dip Amidst Robust Growth Projections and Key Reforms

Your Score: 0 / 0

1. Which of the following factors were cited as reasons for the Indian rupee's significant depreciation against the US dollar?

2. What term did the RBI Governor use to characterize the current economic phase of India, marked by strong growth and low inflation?

3. What was the revised GDP growth projection for FY2025-26 by the Reserve Bank of India (RBI)?

4. The Reserve Bank of India (RBI) cut the repo rate by 25 basis points to what new percentage?

5. Which payments bank received in-principle approval from the RBI to convert into a Small Finance Bank (SFB)?

6. What was the approximate cumulative value of transactions for India's retail Central Bank Digital Currency (e₹) mentioned in the highlights?

7. How did the Reserve Bank of India (RBI) inject liquidity into the system as mentioned in the highlights?

8. What is the next major reform agenda announced by Finance Minister Nirmala Sitharaman, ahead of Budget 2026?

9. What is the target for bilateral trade between India and Russia by 2030, as agreed upon during their 23rd Annual Summit?

10. India is discussing a Free Trade Agreement (FTA) with which economic bloc in the context of strengthening trade ties with Russia?

11. What is the long-term objective for bilateral trade between India and the US by 2030?

12. Exercise Harimau Shakti is a bilateral military training exercise between the Indian army and the army of which country?

13. What significant milestone in diplomatic relations did India and Indonesia celebrate, highlighted by events like the 'India-Indonesia Defence Industry Exhibition-cum-Seminar'?

14. Which organization, in collaboration with IBM, unveiled a roadmap aimed at positioning India among the top three quantum economies globally by 2047?

15. What significant anniversary of Dr. B.R. Ambedkar's death (Mahaparinirvan Diwas) was observed on December 6?

16. The Health Security & National Security Cess Bill, 2025, passed by the Lok Sabha, introduces a special cess on manufacturing units of which product?

17. The government's rollback of a directive mandating the Sanchar Saathi app reignited a debate on what concept, due to concerns over consent, surveillance, and data misuse?

Indian Economy Navigates Currency Dip Amidst Robust Growth Projections and Key Reforms

Your Score: 0 / 0

1. Which of the following factors were cited as reasons for the Indian rupee's significant depreciation against the US dollar?

2. What term did the RBI Governor use to characterize the current economic phase of India, marked by strong growth and low inflation?

3. What was the revised GDP growth projection for FY2025-26 by the Reserve Bank of India (RBI)?

4. The Reserve Bank of India (RBI) cut the repo rate by 25 basis points to what new percentage?

5. Which payments bank received in-principle approval from the RBI to convert into a Small Finance Bank (SFB)?

6. What was the approximate cumulative value of transactions for India's retail Central Bank Digital Currency (e₹) mentioned in the highlights?

7. How did the Reserve Bank of India (RBI) inject liquidity into the system as mentioned in the highlights?

8. What is the next major reform agenda announced by Finance Minister Nirmala Sitharaman, ahead of Budget 2026?

9. What is the target for bilateral trade between India and Russia by 2030, as agreed upon during their 23rd Annual Summit?

10. India is discussing a Free Trade Agreement (FTA) with which economic bloc in the context of strengthening trade ties with Russia?

11. What is the long-term objective for bilateral trade between India and the US by 2030?

12. Exercise Harimau Shakti is a bilateral military training exercise between the Indian army and the army of which country?

13. What significant milestone in diplomatic relations did India and Indonesia celebrate, highlighted by events like the 'India-Indonesia Defence Industry Exhibition-cum-Seminar'?

14. Which organization, in collaboration with IBM, unveiled a roadmap aimed at positioning India among the top three quantum economies globally by 2047?

15. What significant anniversary of Dr. B.R. Ambedkar's death (Mahaparinirvan Diwas) was observed on December 6?

16. The Health Security & National Security Cess Bill, 2025, passed by the Lok Sabha, introduces a special cess on manufacturing units of which product?

17. The government's rollback of a directive mandating the Sanchar Saathi app reignited a debate on what concept, due to concerns over consent, surveillance, and data misuse?

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