MCQ Test: Indian Economy and Business: Markets Plunge Amid US Tariffs, RBI Assesses Impact, Long-Term Outlook Remains Strong

1. What was the closing value of the Sensex on Thursday, August 28, 2025, as mentioned in the article?

A) 80,786.57 B) 80,080.57 C) 24,500.90 D) 24,711.90

2. Which of the following sectors experienced a decline of over 1% on August 28, 2025, according to the article?

A) IT B) FMCG C) PSU Banks D) All of the above

3. What was the primary catalyst identified for the Indian stock market's substantial decline on August 28, 2025?

A) Weak earnings reports B) Foreign capital outflows C) New US tariffs on Indian goods D) RBI's policy changes

4. On what date did the new round of US tariffs on Indian goods come into effect?

A) August 25, 2025 B) August 27, 2025 C) August 28, 2025 D) July 31, 2025

5. To what percentage were overall duties raised by the US on certain Indian exports due to the new tariffs?

A) 10% B) 25% C) 50% D) 75%

6. The new US tariffs on Indian goods are largely seen as a consequence of India's continued purchase of which product?

A) Crude oil from Iran B) Russian crude oil C) US agricultural products D) Chinese electronics

7. Which of the following Indian export sectors is NOT explicitly mentioned as expected to be among the worst-hit by the new US tariffs?

A) Textiles B) Gems and jewellery C) Pharmaceuticals D) Auto parts

8. According to its August bulletin, what specific risk did the Reserve Bank of India (RBI) acknowledge regarding US trade policies?

A) Risk to inflation B) Risk to overall demand C) Risk to banking sector stability D) Risk to foreign exchange reserves

9. Who is the current Governor of the Reserve Bank of India, as mentioned in the provided text?

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

10. On what date did RBI Governor Sanjay Malhotra state the central bank's readiness to provide financial support to worst-impacted sectors?

A) August 25 B) August 27 C) August 28 D) July 31

11. The RBI is reportedly considering restricting shadow banks from which specific activity?

A) Lending to small businesses B) Investing in real estate C) Duplicating the business activities of their parent companies D) Issuing credit cards

12. According to the 'EY Economy Watch August 2025' report, by which year is India projected to become the world's second-largest economy in terms of purchasing power parity (PPP)?

A) 2030 B) 2035 C) 2038 D) 2040

13. What is the projected GDP of India by 2038, according to the 'EY Economy Watch August 2025' report?

A) $25.5 trillion B) $30.0 trillion C) $34.2 trillion D) $40.5 trillion

14. Which of the following is NOT cited as a reason for India's robust long-term economic outlook in the EY report?

A) A young workforce B) High savings and investment rates C) Dependence on foreign aid D) Favorable demographics

15. What percentage of India's GDP could potentially be impacted by the US tariffs, according to the article?

A) 0.5% B) 0.9% C) 1.5% D) 2.0%

16. What was India's industrial production growth rate in July, marking a four-month high?

A) 2.1% B) 3.5% C) 4.2% D) 5.0%

17. The improvement in India's industrial production in July was primarily driven by which sector?

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

ALL TN Comp Exams Prep

Indian Economy and Business: Markets Plunge Amid US Tariffs, RBI Assesses Impact, Long-Term Outlook Remains Strong

Your Score: 0 / 0

1. What was the closing value of the Sensex on Thursday, August 28, 2025, as mentioned in the article?

2. Which of the following sectors experienced a decline of over 1% on August 28, 2025, according to the article?

3. What was the primary catalyst identified for the Indian stock market's substantial decline on August 28, 2025?

4. On what date did the new round of US tariffs on Indian goods come into effect?

5. To what percentage were overall duties raised by the US on certain Indian exports due to the new tariffs?

6. The new US tariffs on Indian goods are largely seen as a consequence of India's continued purchase of which product?

7. Which of the following Indian export sectors is NOT explicitly mentioned as expected to be among the worst-hit by the new US tariffs?

8. According to its August bulletin, what specific risk did the Reserve Bank of India (RBI) acknowledge regarding US trade policies?

9. Who is the current Governor of the Reserve Bank of India, as mentioned in the provided text?

10. On what date did RBI Governor Sanjay Malhotra state the central bank's readiness to provide financial support to worst-impacted sectors?

11. The RBI is reportedly considering restricting shadow banks from which specific activity?

12. According to the 'EY Economy Watch August 2025' report, by which year is India projected to become the world's second-largest economy in terms of purchasing power parity (PPP)?

13. What is the projected GDP of India by 2038, according to the 'EY Economy Watch August 2025' report?

14. Which of the following is NOT cited as a reason for India's robust long-term economic outlook in the EY report?

15. What percentage of India's GDP could potentially be impacted by the US tariffs, according to the article?

16. What was India's industrial production growth rate in July, marking a four-month high?

17. The improvement in India's industrial production in July was primarily driven by which sector?

Indian Economy and Business: Markets Plunge Amid US Tariffs, RBI Assesses Impact, Long-Term Outlook Remains Strong

Your Score: 0 / 0

1. What was the closing value of the Sensex on Thursday, August 28, 2025, as mentioned in the article?

2. Which of the following sectors experienced a decline of over 1% on August 28, 2025, according to the article?

3. What was the primary catalyst identified for the Indian stock market's substantial decline on August 28, 2025?

4. On what date did the new round of US tariffs on Indian goods come into effect?

5. To what percentage were overall duties raised by the US on certain Indian exports due to the new tariffs?

6. The new US tariffs on Indian goods are largely seen as a consequence of India's continued purchase of which product?

7. Which of the following Indian export sectors is NOT explicitly mentioned as expected to be among the worst-hit by the new US tariffs?

8. According to its August bulletin, what specific risk did the Reserve Bank of India (RBI) acknowledge regarding US trade policies?

9. Who is the current Governor of the Reserve Bank of India, as mentioned in the provided text?

10. On what date did RBI Governor Sanjay Malhotra state the central bank's readiness to provide financial support to worst-impacted sectors?

11. The RBI is reportedly considering restricting shadow banks from which specific activity?

12. According to the 'EY Economy Watch August 2025' report, by which year is India projected to become the world's second-largest economy in terms of purchasing power parity (PPP)?

13. What is the projected GDP of India by 2038, according to the 'EY Economy Watch August 2025' report?

14. Which of the following is NOT cited as a reason for India's robust long-term economic outlook in the EY report?

15. What percentage of India's GDP could potentially be impacted by the US tariffs, according to the article?

16. What was India's industrial production growth rate in July, marking a four-month high?

17. The improvement in India's industrial production in July was primarily driven by which sector?

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