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India's Economic Trajectory, Key Diplomatic Engagements, and Policy Reforms Mark Recent Developments

August 05, 2025

The past 24 hours have seen significant developments across India's economic, diplomatic, and policy landscapes. Economic forecasts project a slight slowdown in GDP growth for FY26 amidst global uncertainties and US tariffs, though domestic demand remains resilient. India has strengthened its strategic partnership with the Philippines during a state visit, while firmly defending its stance on Russian oil imports against US pressure. Domestically, new policies and initiatives have been announced, including Maharashtra's startup policy, banking reforms, and a new cooperative taxi service.

Question 1 of 14

1. Which organization projected India's GDP growth to slow down to 6.2% in FY26, attributing it to 25% tariffs imposed by the USA on Indian exports?

A) Reserve Bank of India (RBI) B) Deloitte India C) Kotak Mahindra Bank D) Ministry of Finance

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India's Economic Trajectory, Key Diplomatic Engagements, and Policy Reforms Mark Recent Developments

Your Score: 0 / 0

1. Which organization projected India's GDP growth to slow down to 6.2% in FY26, attributing it to 25% tariffs imposed by the USA on Indian exports?

2. What was the new policy repo rate set by the Reserve Bank of India (RBI) after a 100 basis points cut, as mentioned in the content?

3. From what date did significant reforms in banking laws come into effect, according to the provided content?

4. What is the new minimum amount for a 'substantial interest' in banking, as per the recent reforms?

5. Which two co-operative banks merged, effective August 4, 2025, with RBI approval?

6. What was the total GST collection in July, as reported in the content?

7. What are the new usage limits for balance checks and account views per day for UPI apps, respectively?

8. Which head of state visited India from August 4-8, 2025, leading to the signing of a Declaration on the Establishment of a Strategic Partnership?

9. Which US President announced plans to impose further tariffs on Indian goods and secondary penalties on India's oil purchases from Russia?

10. Which state's cabinet approved a new Startup, Entrepreneurship and Innovation Policy 2025?

11. What is the name of the initiative launched by the Ministry of Petroleum and Natural Gas to provide hygienic resting facilities for truck drivers along national highways?

12. Who was appointed as the new Managing Director and CEO of IndusInd Bank for a three-year term, effective August 25, 2025?

13. Who became India's first U17 world champion in the 110kg weight class of Greco-Roman style at the U17 World Wrestling Championships 2025?

14. When was the NASA-ISRO Synthetic Aperture Radar (NISAR) satellite successfully launched?

India's Economic Trajectory, Key Diplomatic Engagements, and Policy Reforms Mark Recent Developments

Your Score: 0 / 0

1. Which organization projected India's GDP growth to slow down to 6.2% in FY26, attributing it to 25% tariffs imposed by the USA on Indian exports?

2. What was the new policy repo rate set by the Reserve Bank of India (RBI) after a 100 basis points cut, as mentioned in the content?

3. From what date did significant reforms in banking laws come into effect, according to the provided content?

4. What is the new minimum amount for a 'substantial interest' in banking, as per the recent reforms?

5. Which two co-operative banks merged, effective August 4, 2025, with RBI approval?

6. What was the total GST collection in July, as reported in the content?

7. What are the new usage limits for balance checks and account views per day for UPI apps, respectively?

8. Which head of state visited India from August 4-8, 2025, leading to the signing of a Declaration on the Establishment of a Strategic Partnership?

9. Which US President announced plans to impose further tariffs on Indian goods and secondary penalties on India's oil purchases from Russia?

10. Which state's cabinet approved a new Startup, Entrepreneurship and Innovation Policy 2025?

11. What is the name of the initiative launched by the Ministry of Petroleum and Natural Gas to provide hygienic resting facilities for truck drivers along national highways?

12. Who was appointed as the new Managing Director and CEO of IndusInd Bank for a three-year term, effective August 25, 2025?

13. Who became India's first U17 world champion in the 110kg weight class of Greco-Roman style at the U17 World Wrestling Championships 2025?

14. When was the NASA-ISRO Synthetic Aperture Radar (NISAR) satellite successfully launched?

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