MCQ Test: August 27, 2025 - Current affairs for all the Exams: India's Economic Horizon Brightens Amidst US Tariff Challenges

1. According to global consultancy EY, by what year is India projected to emerge as the world's second-largest economy in purchasing power parity (PPP) terms?

A) 2028 B) 2030 C) 2038 D) 2045

2. What is India's projected GDP in purchasing power parity (PPP) terms by 2038, as forecasted by EY?

A) USD 25.5 trillion B) USD 34.2 trillion C) USD 40.0 trillion D) USD 18.9 trillion

3. According to IMF projections, by what year could India surpass Germany to become the third-largest economy in market exchange rate terms?

A) 2025 B) 2028 C) 2030 D) 2035

4. Which of the following is NOT mentioned as a robust economic fundamental underpinning India's optimistic outlook?

A) A median age of 28.8 years in 2025 B) The second-highest savings rate C) A projected increase in government debt-to-GDP ratio D) Structural reforms like GST and UPI

5. What is the total tariff percentage imposed by the United States on a substantial portion of Indian exports, effective August 27, 2025?

A) 25% B) 35% C) 40% D) 50%

6. The additional 25% duty in the US tariff on Indian exports was imposed due to India's purchases of which commodity?

A) Crude oil from Iran B) Agricultural products from China C) Russian oil D) Defense equipment from France

7. What is the estimated range of Indian goods value expected to be impacted by the US tariffs?

A) $20.5 billion to $30.5 billion B) $35.0 billion to $45.0 billion C) $48.2 billion to $60.2 billion D) $65.0 billion to $75.0 billion

8. Which of the following labor-intensive sectors is NOT explicitly mentioned as being among those expected to be hit hardest by the US tariffs?

A) Textiles B) Software services C) Gems and jewellery D) Leather and footwear

9. What is the Reserve Bank of India's (RBI) maintained growth forecast for 2025-26, despite global headwinds?

A) 5.8% B) 6.0% C) 6.5% D) 7.2%

10. Prime Minister Narendra Modi's encouragement for citizens to be 'vocal for local' is part of which government initiative?

A) Make in India B) Skill India Mission C) Swadeshi mantra D) Digital India

11. In response to the tariffs, India plans to diversify its export markets by targeting approximately how many key countries?

A) 15 B) 25 C) 40 D) 50

12. Which minister affirmed the strength of the Indian economy and industries in response to the US tariffs?

A) Finance Minister B) Commerce Minister C) Minister of State for External Affairs Kirti Vardhan Singh D) Defense Minister

13. What has been the recent status of negotiations for a bilateral trade agreement (BTA) between India and the US?

A) They have been successfully concluded. B) The latest round was postponed. C) India has withdrawn from negotiations. D) The US has imposed new conditions.

14. India emphasizes its firm stance on protecting the interests of which groups in the bilateral trade agreement negotiations with the US?

A) Large corporations and IT professionals B) Farmers, fishermen, and small businesses C) Defense manufacturers and public sector undertakings D) Service industry and financial institutions

ALL TN Comp Exams Prep

August 27, 2025 - Current affairs for all the Exams: India's Economic Horizon Brightens Amidst US Tariff Challenges

Your Score: 0 / 0

1. According to global consultancy EY, by what year is India projected to emerge as the world's second-largest economy in purchasing power parity (PPP) terms?

2. What is India's projected GDP in purchasing power parity (PPP) terms by 2038, as forecasted by EY?

3. According to IMF projections, by what year could India surpass Germany to become the third-largest economy in market exchange rate terms?

4. Which of the following is NOT mentioned as a robust economic fundamental underpinning India's optimistic outlook?

5. What is the total tariff percentage imposed by the United States on a substantial portion of Indian exports, effective August 27, 2025?

6. The additional 25% duty in the US tariff on Indian exports was imposed due to India's purchases of which commodity?

7. What is the estimated range of Indian goods value expected to be impacted by the US tariffs?

8. Which of the following labor-intensive sectors is NOT explicitly mentioned as being among those expected to be hit hardest by the US tariffs?

9. What is the Reserve Bank of India's (RBI) maintained growth forecast for 2025-26, despite global headwinds?

10. Prime Minister Narendra Modi's encouragement for citizens to be 'vocal for local' is part of which government initiative?

11. In response to the tariffs, India plans to diversify its export markets by targeting approximately how many key countries?

12. Which minister affirmed the strength of the Indian economy and industries in response to the US tariffs?

13. What has been the recent status of negotiations for a bilateral trade agreement (BTA) between India and the US?

14. India emphasizes its firm stance on protecting the interests of which groups in the bilateral trade agreement negotiations with the US?

August 27, 2025 - Current affairs for all the Exams: India's Economic Horizon Brightens Amidst US Tariff Challenges

Your Score: 0 / 0

1. According to global consultancy EY, by what year is India projected to emerge as the world's second-largest economy in purchasing power parity (PPP) terms?

2. What is India's projected GDP in purchasing power parity (PPP) terms by 2038, as forecasted by EY?

3. According to IMF projections, by what year could India surpass Germany to become the third-largest economy in market exchange rate terms?

4. Which of the following is NOT mentioned as a robust economic fundamental underpinning India's optimistic outlook?

5. What is the total tariff percentage imposed by the United States on a substantial portion of Indian exports, effective August 27, 2025?

6. The additional 25% duty in the US tariff on Indian exports was imposed due to India's purchases of which commodity?

7. What is the estimated range of Indian goods value expected to be impacted by the US tariffs?

8. Which of the following labor-intensive sectors is NOT explicitly mentioned as being among those expected to be hit hardest by the US tariffs?

9. What is the Reserve Bank of India's (RBI) maintained growth forecast for 2025-26, despite global headwinds?

10. Prime Minister Narendra Modi's encouragement for citizens to be 'vocal for local' is part of which government initiative?

11. In response to the tariffs, India plans to diversify its export markets by targeting approximately how many key countries?

12. Which minister affirmed the strength of the Indian economy and industries in response to the US tariffs?

13. What has been the recent status of negotiations for a bilateral trade agreement (BTA) between India and the US?

14. India emphasizes its firm stance on protecting the interests of which groups in the bilateral trade agreement negotiations with the US?

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