MCQ Test: Indian Economy Navigates US Tariffs Amidst Strong Growth Projections

1. What is India's projected GDP in Purchasing Power Parity (PPP) terms by 2038, according to the EY report?

A) USD 48 billion B) USD 6.5 trillion C) USD 34.2 trillion D) USD 104 crore

2. By which year is India projected to become the world's third-largest economy in market exchange rate terms?

A) 2038 B) 2028 C) 2025 D) 2026

3. The 50% tariff imposed by the United States on Indian exports came into effect on:

A) August 27, 2024 B) August 27, 2025 C) July 1, 2025 D) January 1, 2026

4. What was the primary reason cited for the US imposing a 50% tariff on Indian exports?

A) Trade deficit concerns B) India's purchases of Russian oil C) Intellectual property rights violations D) Lack of market access for US goods

5. What is the estimated value of Indian exports expected to be affected by the US tariffs?

A) Over $48 billion B) $34.2 trillion C) $1 billion D) Rs 104 crore

6. Which of the following sectors is NOT explicitly mentioned as being most likely to bear the brunt of the US tariffs?

A) Textiles B) Gems and jewellery C) Pharmaceuticals D) Leather

7. What was India's overall economic growth rate for FY2025?

A) 7.4% B) 6.5% C) 5.0% D) 6.0%

8. What is the Reserve Bank of India's (RBI) real GDP growth forecast for FY2025-26?

A) 7.4% B) 6.5% C) 7.0% D) 6.8%

9. Which of the following is NOT mentioned as a key driver of India's domestic demand, as per the economic performance review?

A) Robust consumption B) Resilient capital markets C) High government expenditure D) Digitally skilled workforce

10. What significant shift in tax collection was noted for the first time, as per the provided content?

A) Corporate tax collection surpassed personal income tax B) GST collection surpassed direct taxes C) Personal income tax collection surpassed corporate tax D) Customs duties became the highest source of revenue

11. How much foreign funding does the National Bank for Financing Infrastructure and Development (NaBFID) plan to secure in FY26?

A) USD 48 billion B) USD 34.2 trillion C) USD 1 billion D) Rs 104 crore

12. What was the total amount of GST evasion uncovered in the illicit tobacco trade in the first quarter?

A) Rs 104 crore B) Rs 48 billion C) Rs 61 crore D) Rs 1 billion

13. Who is the Minister of State for External Affairs mentioned as affirming the strength of the Indian economy and industries amidst global tariff pressures?

A) Nirmala Sitharaman B) S. Jaishankar C) Kirti Vardhan Singh D) Piyush Goyal

14. Which of the following is NOT cited as a factor underpinning India's optimistic economic outlook according to the EY report?

A) High savings and investment rates B) Favorable demographics C) Sustainable fiscal position D) Low inflation rates

15. India's private sector activity recorded its fastest expansion in August, primarily driven by a surge in demand within which sector?

A) Manufacturing sector B) Agriculture sector C) Services sector D) IT sector

16. Which of the following is a strategy the Indian government is exploring to mitigate the impact of US tariffs?

A) Imposing retaliatory tariffs on US goods B) Exploring new markets for exports C) Seeking financial aid from international bodies D) Reducing domestic production to match lower demand

17. What was the expansion rate of the Indian economy in the fourth quarter of FY2025?

A) 6.5% B) 7.4% C) 6.0% D) 5.8%

18. Which of the following countries is NOT mentioned as a partner with whom India is currently conducting Free Trade Agreement (FTA) negotiations?

A) European Union (EU) B) New Zealand C) Japan D) Chile

ALL TN Comp Exams Prep

Indian Economy Navigates US Tariffs Amidst Strong Growth Projections

Your Score: 0 / 0

1. What is India's projected GDP in Purchasing Power Parity (PPP) terms by 2038, according to the EY report?

2. By which year is India projected to become the world's third-largest economy in market exchange rate terms?

3. The 50% tariff imposed by the United States on Indian exports came into effect on:

4. What was the primary reason cited for the US imposing a 50% tariff on Indian exports?

5. What is the estimated value of Indian exports expected to be affected by the US tariffs?

6. Which of the following sectors is NOT explicitly mentioned as being most likely to bear the brunt of the US tariffs?

7. What was India's overall economic growth rate for FY2025?

8. What is the Reserve Bank of India's (RBI) real GDP growth forecast for FY2025-26?

9. Which of the following is NOT mentioned as a key driver of India's domestic demand, as per the economic performance review?

10. What significant shift in tax collection was noted for the first time, as per the provided content?

11. How much foreign funding does the National Bank for Financing Infrastructure and Development (NaBFID) plan to secure in FY26?

12. What was the total amount of GST evasion uncovered in the illicit tobacco trade in the first quarter?

13. Who is the Minister of State for External Affairs mentioned as affirming the strength of the Indian economy and industries amidst global tariff pressures?

14. Which of the following is NOT cited as a factor underpinning India's optimistic economic outlook according to the EY report?

15. India's private sector activity recorded its fastest expansion in August, primarily driven by a surge in demand within which sector?

16. Which of the following is a strategy the Indian government is exploring to mitigate the impact of US tariffs?

17. What was the expansion rate of the Indian economy in the fourth quarter of FY2025?

18. Which of the following countries is NOT mentioned as a partner with whom India is currently conducting Free Trade Agreement (FTA) negotiations?

Indian Economy Navigates US Tariffs Amidst Strong Growth Projections

Your Score: 0 / 0

1. What is India's projected GDP in Purchasing Power Parity (PPP) terms by 2038, according to the EY report?

2. By which year is India projected to become the world's third-largest economy in market exchange rate terms?

3. The 50% tariff imposed by the United States on Indian exports came into effect on:

4. What was the primary reason cited for the US imposing a 50% tariff on Indian exports?

5. What is the estimated value of Indian exports expected to be affected by the US tariffs?

6. Which of the following sectors is NOT explicitly mentioned as being most likely to bear the brunt of the US tariffs?

7. What was India's overall economic growth rate for FY2025?

8. What is the Reserve Bank of India's (RBI) real GDP growth forecast for FY2025-26?

9. Which of the following is NOT mentioned as a key driver of India's domestic demand, as per the economic performance review?

10. What significant shift in tax collection was noted for the first time, as per the provided content?

11. How much foreign funding does the National Bank for Financing Infrastructure and Development (NaBFID) plan to secure in FY26?

12. What was the total amount of GST evasion uncovered in the illicit tobacco trade in the first quarter?

13. Who is the Minister of State for External Affairs mentioned as affirming the strength of the Indian economy and industries amidst global tariff pressures?

14. Which of the following is NOT cited as a factor underpinning India's optimistic economic outlook according to the EY report?

15. India's private sector activity recorded its fastest expansion in August, primarily driven by a surge in demand within which sector?

16. Which of the following is a strategy the Indian government is exploring to mitigate the impact of US tariffs?

17. What was the expansion rate of the Indian economy in the fourth quarter of FY2025?

18. Which of the following countries is NOT mentioned as a partner with whom India is currently conducting Free Trade Agreement (FTA) negotiations?

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