MCQ Test: August 24, 2025 - Current affairs for all the Exams: India's Economy Poised for Global Leadership Amidst Key Reforms and Strategic Investments

1. According to Prime Minister Narendra Modi, what is India's current status in terms of global economic growth?

A) The second-fastest growing major economy B) The world's fastest-growing major economy C) The third-largest economy globally D) A major economy with declining growth

2. What percentage of global growth does PM Modi project India's contribution to reach in the near future?

A) Approximately 10% B) Approximately 15% C) Approximately 20% D) Approximately 25%

3. The Prime Minister attributed India's economic resilience to a decade of macroeconomic stability, highlighting a projected fiscal deficit reduction to what percentage?

A) 3.5% B) 4.0% C) 4.4% D) 5.0%

4. What is the target year for India to become a 'developed India' as envisioned by the government?

A) 2030 B) 2035 C) 2047 D) 2050

5. By when is the first domestically made semiconductor chip expected to be produced in India?

A) End of 2024 B) End of 2025 C) Mid-2026 D) End of 2027

6. Which financial institution received approval from the Reserve Bank of India (RBI) to acquire up to a 24.99% stake in Yes Bank?

A) Mitsubishi UFJ Financial Group B) Sumitomo Mitsui Banking Corporation (SMBC) C) Mizuho Financial Group D) Nomura Holdings

7. What is the validity period for the RBI's approval for SMBC's stake acquisition in Yes Bank, starting from August 22, 2025?

A) Six months B) One year C) Two years D) Five years

8. The RBI has invited public feedback on narrowing the existing tolerance band around its 4% inflation target. What is the current tolerance band?

A) +/- 1% B) +/- 1.5% C) +/- 2% D) +/- 2.5%

9. What was India's foreign exchange reserves total, as mentioned in the content, after increasing for the second consecutive week?

A) $680.50 billion B) $690.00 billion C) $695.10 billion D) $700.20 billion

10. When are the US tariffs of an additional 25% on Indian exports set to be imposed?

A) August 23rd B) August 25th C) August 27th D) September 1st

11. What is the estimated value of the support package the Indian government is planning under the Export Promotion Mission (EPM) to cushion exporters from the impact of US tariffs?

A) Rs 15,000 crore B) Rs 20,000 crore C) Rs 25,000 crore D) Rs 30,000 crore

12. What was the primary reason cited for Foreign Institutional Investors (FIIs) offloading Rs 25,564 crore worth of equities in August?

A) Concerns over India's fiscal deficit B) High inflation rates in India C) High valuations in India compared to other global markets D) Weakening Indian rupee

ALL TN Comp Exams Prep

August 24, 2025 - Current affairs for all the Exams: India's Economy Poised for Global Leadership Amidst Key Reforms and Strategic Investments

Your Score: 0 / 0

1. According to Prime Minister Narendra Modi, what is India's current status in terms of global economic growth?

2. What percentage of global growth does PM Modi project India's contribution to reach in the near future?

3. The Prime Minister attributed India's economic resilience to a decade of macroeconomic stability, highlighting a projected fiscal deficit reduction to what percentage?

4. What is the target year for India to become a 'developed India' as envisioned by the government?

5. By when is the first domestically made semiconductor chip expected to be produced in India?

6. Which financial institution received approval from the Reserve Bank of India (RBI) to acquire up to a 24.99% stake in Yes Bank?

7. What is the validity period for the RBI's approval for SMBC's stake acquisition in Yes Bank, starting from August 22, 2025?

8. The RBI has invited public feedback on narrowing the existing tolerance band around its 4% inflation target. What is the current tolerance band?

9. What was India's foreign exchange reserves total, as mentioned in the content, after increasing for the second consecutive week?

10. When are the US tariffs of an additional 25% on Indian exports set to be imposed?

11. What is the estimated value of the support package the Indian government is planning under the Export Promotion Mission (EPM) to cushion exporters from the impact of US tariffs?

12. What was the primary reason cited for Foreign Institutional Investors (FIIs) offloading Rs 25,564 crore worth of equities in August?

August 24, 2025 - Current affairs for all the Exams: India's Economy Poised for Global Leadership Amidst Key Reforms and Strategic Investments

Your Score: 0 / 0

1. According to Prime Minister Narendra Modi, what is India's current status in terms of global economic growth?

2. What percentage of global growth does PM Modi project India's contribution to reach in the near future?

3. The Prime Minister attributed India's economic resilience to a decade of macroeconomic stability, highlighting a projected fiscal deficit reduction to what percentage?

4. What is the target year for India to become a 'developed India' as envisioned by the government?

5. By when is the first domestically made semiconductor chip expected to be produced in India?

6. Which financial institution received approval from the Reserve Bank of India (RBI) to acquire up to a 24.99% stake in Yes Bank?

7. What is the validity period for the RBI's approval for SMBC's stake acquisition in Yes Bank, starting from August 22, 2025?

8. The RBI has invited public feedback on narrowing the existing tolerance band around its 4% inflation target. What is the current tolerance band?

9. What was India's foreign exchange reserves total, as mentioned in the content, after increasing for the second consecutive week?

10. When are the US tariffs of an additional 25% on Indian exports set to be imposed?

11. What is the estimated value of the support package the Indian government is planning under the Export Promotion Mission (EPM) to cushion exporters from the impact of US tariffs?

12. What was the primary reason cited for Foreign Institutional Investors (FIIs) offloading Rs 25,564 crore worth of equities in August?

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