MCQ Test: August 26, 2025 - Current affairs for all the Exams: Indian Economy Shows Resilience Amid Tariff Concerns; Fitch Affirms 'BBB-' Rating

1. According to Fitch Ratings, what is India's Long-Term Foreign-Currency Issuer Default Rating (IDR) as of August 25, 2025?

A) 'BBB+' B) 'BBB-' C) 'BB+' D) 'A-'

2. What outlook did Fitch Ratings assign to India's sovereign rating?

A) Positive B) Negative C) Stable D) Developing

3. Fitch Ratings forecasts India's GDP growth at what percentage for the fiscal year ending March 2026 (FY26)?

A) 8.0% B) 7.5% C) 6.5% D) 2.5%

4. Who is the current Reserve Bank of India (RBI) Governor mentioned in the context of the FIBAC 2025 conference?

A) Shaktikanta Das B) Raghuram Rajan C) Sanjay Malhotra D) Urjit Patel

5. Over the last four years (2021-22 to 2024-25), what was the average annual growth rate of the Indian economy highlighted by the RBI Governor?

A) Approximately 6% B) Approximately 7% C) Approximately 8% D) Approximately 9%

6. What percentage headline tariff is the Trump administration planning to impose on Indian goods starting August 27?

A) 25% B) 30% C) 40% D) 50%

7. Which of the following sectors were specifically mentioned as potentially vulnerable to the impending US tariffs?

A) Pharmaceuticals and IT B) Automobiles and steel C) Gems and jewelry, textiles, and MSMEs D) Agriculture and construction

8. What was the primary sector that led the gains in Indian equity markets on Monday's session?

A) Banking B) Pharmaceuticals C) IT D) Automotive

9. Which of the following is NOT one of the proposed rates for the two-tier GST structure being discussed?

A) 5% B) 12% C) 18% D) 40%

10. The GST Council is slated to meet on September 3 and 4 to deliberate on changes including potential reductions or elimination of GST on which of the following?

A) Gold and silver B) Cement and individual life and health insurance C) Petroleum products and alcohol D) Luxury cars and tobacco

11. The sale of which bank is moving closer after LIC secured SEBI approval?

A) State Bank of India B) Punjab National Bank C) IDBI Bank D) Bank of Baroda

12. To better reflect digital shopping trends, the government is overhauling the Consumer Price Index (CPI) by incorporating data directly from which platforms?

A) Zomato and Swiggy B) Uber and Ola C) Amazon and Flipkart D) Myntra and Nykaa

13. According to the content, what is the 'BBB' median GDP growth rate that India's forecast significantly exceeds?

A) 2.5% B) 3.5% C) 4.5% D) 5.5%

14. The new forms and regulations for the new Income Tax Act are expected to be developed by which body?

A) Ministry of Finance B) Reserve Bank of India (RBI) C) Central Board of Direct Taxes (CBDT) D) Securities and Exchange Board of India (SEBI)

ALL TN Comp Exams Prep

August 26, 2025 - Current affairs for all the Exams: Indian Economy Shows Resilience Amid Tariff Concerns; Fitch Affirms 'BBB-' Rating

Your Score: 0 / 0

1. According to Fitch Ratings, what is India's Long-Term Foreign-Currency Issuer Default Rating (IDR) as of August 25, 2025?

2. What outlook did Fitch Ratings assign to India's sovereign rating?

3. Fitch Ratings forecasts India's GDP growth at what percentage for the fiscal year ending March 2026 (FY26)?

4. Who is the current Reserve Bank of India (RBI) Governor mentioned in the context of the FIBAC 2025 conference?

5. Over the last four years (2021-22 to 2024-25), what was the average annual growth rate of the Indian economy highlighted by the RBI Governor?

6. What percentage headline tariff is the Trump administration planning to impose on Indian goods starting August 27?

7. Which of the following sectors were specifically mentioned as potentially vulnerable to the impending US tariffs?

8. What was the primary sector that led the gains in Indian equity markets on Monday's session?

9. Which of the following is NOT one of the proposed rates for the two-tier GST structure being discussed?

10. The GST Council is slated to meet on September 3 and 4 to deliberate on changes including potential reductions or elimination of GST on which of the following?

11. The sale of which bank is moving closer after LIC secured SEBI approval?

12. To better reflect digital shopping trends, the government is overhauling the Consumer Price Index (CPI) by incorporating data directly from which platforms?

13. According to the content, what is the 'BBB' median GDP growth rate that India's forecast significantly exceeds?

14. The new forms and regulations for the new Income Tax Act are expected to be developed by which body?

August 26, 2025 - Current affairs for all the Exams: Indian Economy Shows Resilience Amid Tariff Concerns; Fitch Affirms 'BBB-' Rating

Your Score: 0 / 0

1. According to Fitch Ratings, what is India's Long-Term Foreign-Currency Issuer Default Rating (IDR) as of August 25, 2025?

2. What outlook did Fitch Ratings assign to India's sovereign rating?

3. Fitch Ratings forecasts India's GDP growth at what percentage for the fiscal year ending March 2026 (FY26)?

4. Who is the current Reserve Bank of India (RBI) Governor mentioned in the context of the FIBAC 2025 conference?

5. Over the last four years (2021-22 to 2024-25), what was the average annual growth rate of the Indian economy highlighted by the RBI Governor?

6. What percentage headline tariff is the Trump administration planning to impose on Indian goods starting August 27?

7. Which of the following sectors were specifically mentioned as potentially vulnerable to the impending US tariffs?

8. What was the primary sector that led the gains in Indian equity markets on Monday's session?

9. Which of the following is NOT one of the proposed rates for the two-tier GST structure being discussed?

10. The GST Council is slated to meet on September 3 and 4 to deliberate on changes including potential reductions or elimination of GST on which of the following?

11. The sale of which bank is moving closer after LIC secured SEBI approval?

12. To better reflect digital shopping trends, the government is overhauling the Consumer Price Index (CPI) by incorporating data directly from which platforms?

13. According to the content, what is the 'BBB' median GDP growth rate that India's forecast significantly exceeds?

14. The new forms and regulations for the new Income Tax Act are expected to be developed by which body?

📢 Share this page