MCQ Test: August 27, 2025 - Current affairs for all the Exams: US Imposes 50% Tariffs on Indian Goods; India Braces for Economic Impact

1. On which date did the United States officially implement the new 50% tariffs on various Indian goods?

A) August 27, 2024 B) August 27, 2025 C) September 1, 2025 D) August 25, 2025

2. What is the total tariff percentage imposed by the United States on various Indian goods, combining the initial and additional tariffs?

A) 25% B) 35% C) 50% D) 70%

3. The additional 25% tariff imposed by the U.S. on Indian goods is primarily due to which specific reason?

A) India's trade surplus with the U.S. B) India's ongoing purchases of Russian oil C) Concerns over intellectual property rights D) India's withdrawal from a trade agreement

4. According to the Indian government's estimates, approximately how much worth of its exports will be impacted by the new U.S. tariffs?

A) $25 billion B) $48.2 billion C) $50 billion D) $86.5 billion

5. Which of the following sectors is NOT explicitly mentioned as one of the most severely impacted by the new U.S. tariffs?

A) Automobiles B) Pharmaceuticals C) Textiles D) Gems and jewelry

6. What is the Global Trade Research Initiative (GTRI)'s projection for Indian exports to the U.S. by 2026, dropping from $86.5 billion?

A) Around $30 billion B) Around $50 billion C) Around $60 billion D) Around $75 billion

7. Despite the tariff challenges, what is the Reserve Bank of India's (RBI) projected real GDP growth for India for 2025-26?

A) 5.8% B) 6.0% C) 6.5% D) 7.0%

8. India's GDP growth in 2024–25, which made it the fastest-growing major economy globally, was recorded at:

A) 5.5% B) 6.0% C) 6.5% D) 7.2%

9. As part of its multi-pronged strategy, India is pursuing local reforms to boost domestic consumption, including changes to the Goods and Services Tax (GST) to lower costs for certain items ahead of which festival?

A) Holi B) Eid C) Diwali D) Christmas

10. In response to the tariffs, India is looking to expand exports to new regions and accelerate trade negotiations. Which of the following is explicitly mentioned as a region for export expansion or accelerated trade talks?

A) North America B) European Union C) Middle East D) Australia

11. Prime Minister Narendra Modi has reaffirmed his commitment to protecting various sectors and advocated for a specific mantra in response to the U.S. pressure. What is this mantra?

A) "Make in India" B) "Digital India" C) "Swadeshi" D) "Atmanirbhar Bharat"

12. The Indian stock and commodity markets remained closed on Wednesday, August 27, 2025, due to which specific holiday?

A) Independence Day B) Ganesh Chaturthi C) Diwali D) Republic Day

13. Upon the reopening of markets, which sectors are analysts anticipating may see increased interest due to their defensive nature or domestic demand-driven characteristics?

A) Textiles and Gems & Jewelry B) Automobiles and Leather Goods C) Pharma and IT services D) Food and Shrimp

ALL TN Comp Exams Prep

August 27, 2025 - Current affairs for all the Exams: US Imposes 50% Tariffs on Indian Goods; India Braces for Economic Impact

Your Score: 0 / 0

1. On which date did the United States officially implement the new 50% tariffs on various Indian goods?

2. What is the total tariff percentage imposed by the United States on various Indian goods, combining the initial and additional tariffs?

3. The additional 25% tariff imposed by the U.S. on Indian goods is primarily due to which specific reason?

4. According to the Indian government's estimates, approximately how much worth of its exports will be impacted by the new U.S. tariffs?

5. Which of the following sectors is NOT explicitly mentioned as one of the most severely impacted by the new U.S. tariffs?

6. What is the Global Trade Research Initiative (GTRI)'s projection for Indian exports to the U.S. by 2026, dropping from $86.5 billion?

7. Despite the tariff challenges, what is the Reserve Bank of India's (RBI) projected real GDP growth for India for 2025-26?

8. India's GDP growth in 2024–25, which made it the fastest-growing major economy globally, was recorded at:

9. As part of its multi-pronged strategy, India is pursuing local reforms to boost domestic consumption, including changes to the Goods and Services Tax (GST) to lower costs for certain items ahead of which festival?

10. In response to the tariffs, India is looking to expand exports to new regions and accelerate trade negotiations. Which of the following is explicitly mentioned as a region for export expansion or accelerated trade talks?

11. Prime Minister Narendra Modi has reaffirmed his commitment to protecting various sectors and advocated for a specific mantra in response to the U.S. pressure. What is this mantra?

12. The Indian stock and commodity markets remained closed on Wednesday, August 27, 2025, due to which specific holiday?

13. Upon the reopening of markets, which sectors are analysts anticipating may see increased interest due to their defensive nature or domestic demand-driven characteristics?

August 27, 2025 - Current affairs for all the Exams: US Imposes 50% Tariffs on Indian Goods; India Braces for Economic Impact

Your Score: 0 / 0

1. On which date did the United States officially implement the new 50% tariffs on various Indian goods?

2. What is the total tariff percentage imposed by the United States on various Indian goods, combining the initial and additional tariffs?

3. The additional 25% tariff imposed by the U.S. on Indian goods is primarily due to which specific reason?

4. According to the Indian government's estimates, approximately how much worth of its exports will be impacted by the new U.S. tariffs?

5. Which of the following sectors is NOT explicitly mentioned as one of the most severely impacted by the new U.S. tariffs?

6. What is the Global Trade Research Initiative (GTRI)'s projection for Indian exports to the U.S. by 2026, dropping from $86.5 billion?

7. Despite the tariff challenges, what is the Reserve Bank of India's (RBI) projected real GDP growth for India for 2025-26?

8. India's GDP growth in 2024–25, which made it the fastest-growing major economy globally, was recorded at:

9. As part of its multi-pronged strategy, India is pursuing local reforms to boost domestic consumption, including changes to the Goods and Services Tax (GST) to lower costs for certain items ahead of which festival?

10. In response to the tariffs, India is looking to expand exports to new regions and accelerate trade negotiations. Which of the following is explicitly mentioned as a region for export expansion or accelerated trade talks?

11. Prime Minister Narendra Modi has reaffirmed his commitment to protecting various sectors and advocated for a specific mantra in response to the U.S. pressure. What is this mantra?

12. The Indian stock and commodity markets remained closed on Wednesday, August 27, 2025, due to which specific holiday?

13. Upon the reopening of markets, which sectors are analysts anticipating may see increased interest due to their defensive nature or domestic demand-driven characteristics?

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