MCQ Test: India's Economy Shows Robust Growth Amidst Global Headwinds, Government Prepares to Mitigate US Tariff Impact

1. What was India's GDP growth rate in the April-June quarter of fiscal year 2025-26 (Q1 FY26)?

A) 7.6% B) 7.7% C) 7.8% D) 9.3%

2. The 7.8% GDP growth in Q1 FY26 marked a high for how many quarters?

A) Three quarters B) Four quarters C) Five quarters D) Six quarters

3. Who is the Department of Economic Affairs (DEA) Secretary mentioned in the text, highlighting the broad-based growth?

A) Sanjay Malhotra B) Shaktikanta Das C) Anuradha Thakur D) Nirmala Sitharaman

4. Among the key sectors mentioned (manufacturing, construction, services), which one recorded the highest growth rate in Q1 FY26?

A) Manufacturing B) Construction C) Services D) All grew at the same rate

5. What percentage hike on certain Indian goods was imposed by the United States, raising concerns among exporters?

A) 25% B) 50% C) 75% D) 100%

6. Which of the following sectors was NOT specifically mentioned as being affected by the new US tariffs?

A) Gems and jewellery B) Textiles C) Mentha oil D) Pharmaceuticals

7. Domestic demand accounts for what percentage of India's GDP, providing a significant buffer against external trade shocks?

A) Over 40% B) Over 50% C) Over 60% D) Over 70%

8. According to the provided text, who is the Reserve Bank of India (RBI) Governor who expressed confidence in India becoming the world's third-largest economy soon?

A) Anuradha Thakur B) Sanjay Malhotra C) Urjit Patel D) Raghuram Rajan

9. Which initiative was mentioned by the RBI Governor (as per the text) for fostering financial inclusion and national development?

A) Make in India B) Skill India Mission C) Pradhan Mantri Jan Dhan Yojana D) Swachh Bharat Abhiyan

10. What is the fiscal deficit target for FY26 as a percentage of GDP, which the government is confident of achieving?

A) 4.0% B) 4.2% C) 4.4% D) 4.6%

11. The upcoming GST rationalization is expected to benefit which of the following sectors, as per the text?

A) Automobile and IT B) Textiles and Fertilizers C) Healthcare and Education D) Banking and Insurance

12. Which of the following countries was NOT mentioned as a new destination for Indian exporters diversifying their markets amidst US tariff challenges?

A) UAE B) Bangladesh C) Italy D) Germany

ALL TN Comp Exams Prep

India's Economy Shows Robust Growth Amidst Global Headwinds, Government Prepares to Mitigate US Tariff Impact

Your Score: 0 / 0

1. What was India's GDP growth rate in the April-June quarter of fiscal year 2025-26 (Q1 FY26)?

2. The 7.8% GDP growth in Q1 FY26 marked a high for how many quarters?

3. Who is the Department of Economic Affairs (DEA) Secretary mentioned in the text, highlighting the broad-based growth?

4. Among the key sectors mentioned (manufacturing, construction, services), which one recorded the highest growth rate in Q1 FY26?

5. What percentage hike on certain Indian goods was imposed by the United States, raising concerns among exporters?

6. Which of the following sectors was NOT specifically mentioned as being affected by the new US tariffs?

7. Domestic demand accounts for what percentage of India's GDP, providing a significant buffer against external trade shocks?

8. According to the provided text, who is the Reserve Bank of India (RBI) Governor who expressed confidence in India becoming the world's third-largest economy soon?

9. Which initiative was mentioned by the RBI Governor (as per the text) for fostering financial inclusion and national development?

10. What is the fiscal deficit target for FY26 as a percentage of GDP, which the government is confident of achieving?

11. The upcoming GST rationalization is expected to benefit which of the following sectors, as per the text?

12. Which of the following countries was NOT mentioned as a new destination for Indian exporters diversifying their markets amidst US tariff challenges?

India's Economy Shows Robust Growth Amidst Global Headwinds, Government Prepares to Mitigate US Tariff Impact

Your Score: 0 / 0

1. What was India's GDP growth rate in the April-June quarter of fiscal year 2025-26 (Q1 FY26)?

2. The 7.8% GDP growth in Q1 FY26 marked a high for how many quarters?

3. Who is the Department of Economic Affairs (DEA) Secretary mentioned in the text, highlighting the broad-based growth?

4. Among the key sectors mentioned (manufacturing, construction, services), which one recorded the highest growth rate in Q1 FY26?

5. What percentage hike on certain Indian goods was imposed by the United States, raising concerns among exporters?

6. Which of the following sectors was NOT specifically mentioned as being affected by the new US tariffs?

7. Domestic demand accounts for what percentage of India's GDP, providing a significant buffer against external trade shocks?

8. According to the provided text, who is the Reserve Bank of India (RBI) Governor who expressed confidence in India becoming the world's third-largest economy soon?

9. Which initiative was mentioned by the RBI Governor (as per the text) for fostering financial inclusion and national development?

10. What is the fiscal deficit target for FY26 as a percentage of GDP, which the government is confident of achieving?

11. The upcoming GST rationalization is expected to benefit which of the following sectors, as per the text?

12. Which of the following countries was NOT mentioned as a new destination for Indian exporters diversifying their markets amidst US tariff challenges?

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