MCQ Test: Indian Economy Sees Robust Growth Amidst Key Reforms and Trade Challenges

1. What was India's Gross Domestic Product (GDP) growth rate in the first quarter (April-June) of the current fiscal year?

A) 6.5% B) 7.0% C) 7.8% D) 8.2%

2. At which event did Prime Minister Narendra Modi announce India's impressive GDP growth figure?

A) G20 Summit B) World Economic Forum C) Semicon India 2025 conference D) Make in India Summit

3. The Prime Minister's reference to 'economic self-interest' from other nations was a veiled reference to:

A) China's currency manipulation B) European Union's trade barriers C) US tariffs D) Japan's investment restrictions

4. Which of the following sectors was NOT explicitly mentioned as contributing to India's robust GDP growth in the first quarter?

A) Manufacturing B) Services C) Mining D) Construction

5. Who revealed the upcoming 'next-generation' Goods and Services Tax (GST) reforms?

A) Prime Minister Narendra Modi B) Finance Minister Nirmala Sitharaman C) Commerce Minister Piyush Goyal D) RBI Governor Shaktikanta Das

6. What are the proposed main tax slabs for the 'next-generation' GST reforms?

A) 5%, 12%, 18% B) 5%, 18%, 28% C) 5%, 18%, 40% D) 8%, 15%, 25%

7. When is the crucial GST Council meeting scheduled to discuss the proposed reforms?

A) August 25th-26th B) September 3rd-4th C) October 1st-2nd D) November 10th-11th

8. At which bank's 120th foundation day celebrations did President Droupadi Murmu emphasize the banking sector's 'pivotal role'?

A) State Bank of India B) Punjab National Bank C) City Union Bank D) Canara Bank

9. President Droupadi Murmu urged banks to expand credit particularly for which two key areas?

A) Retail loans and personal finance B) Infrastructure and MSMEs C) Export-oriented units and large corporations D) Housing and education

10. Who is the Commerce Minister scheduled to meet with exporters to devise strategies to boost India's outbound shipments?

A) Nirmala Sitharaman B) Piyush Goyal C) Subrahmanyam Jaishankar D) Rajnath Singh

11. What significant challenge on the trade front is prompting the Commerce Minister's meeting with exporters?

A) Global supply chain disruptions B) A 50% tariff imposed by the US on Indian goods C) Shortage of skilled labor for exports D) Decline in international demand for Indian products

12. According to the Prime Minister, which two factors are key drivers of global confidence in building the semiconductor future with India?

A) Low labor costs and abundant raw materials B) Government subsidies and foreign investments C) Innovation capacity and youthful talent pool D) Established manufacturing base and strong domestic demand

13. What was the trend observed in the Indian benchmark equity indices (Nifty 50 and Sensex) on Tuesday, as per the market news?

A) Closed higher B) Closed lower C) Remained flat D) Showed high volatility but no clear trend

14. How did Foreign Portfolio Investors (FPIs) behave in the Indian market for the seventh consecutive session on Tuesday?

A) Net buyers B) Net sellers C) Neutral D) Primarily investing in debt markets

ALL TN Comp Exams Prep

Indian Economy Sees Robust Growth Amidst Key Reforms and Trade Challenges

Your Score: 0 / 0

1. What was India's Gross Domestic Product (GDP) growth rate in the first quarter (April-June) of the current fiscal year?

2. At which event did Prime Minister Narendra Modi announce India's impressive GDP growth figure?

3. The Prime Minister's reference to 'economic self-interest' from other nations was a veiled reference to:

4. Which of the following sectors was NOT explicitly mentioned as contributing to India's robust GDP growth in the first quarter?

5. Who revealed the upcoming 'next-generation' Goods and Services Tax (GST) reforms?

6. What are the proposed main tax slabs for the 'next-generation' GST reforms?

7. When is the crucial GST Council meeting scheduled to discuss the proposed reforms?

8. At which bank's 120th foundation day celebrations did President Droupadi Murmu emphasize the banking sector's 'pivotal role'?

9. President Droupadi Murmu urged banks to expand credit particularly for which two key areas?

10. Who is the Commerce Minister scheduled to meet with exporters to devise strategies to boost India's outbound shipments?

11. What significant challenge on the trade front is prompting the Commerce Minister's meeting with exporters?

12. According to the Prime Minister, which two factors are key drivers of global confidence in building the semiconductor future with India?

13. What was the trend observed in the Indian benchmark equity indices (Nifty 50 and Sensex) on Tuesday, as per the market news?

14. How did Foreign Portfolio Investors (FPIs) behave in the Indian market for the seventh consecutive session on Tuesday?

Indian Economy Sees Robust Growth Amidst Key Reforms and Trade Challenges

Your Score: 0 / 0

1. What was India's Gross Domestic Product (GDP) growth rate in the first quarter (April-June) of the current fiscal year?

2. At which event did Prime Minister Narendra Modi announce India's impressive GDP growth figure?

3. The Prime Minister's reference to 'economic self-interest' from other nations was a veiled reference to:

4. Which of the following sectors was NOT explicitly mentioned as contributing to India's robust GDP growth in the first quarter?

5. Who revealed the upcoming 'next-generation' Goods and Services Tax (GST) reforms?

6. What are the proposed main tax slabs for the 'next-generation' GST reforms?

7. When is the crucial GST Council meeting scheduled to discuss the proposed reforms?

8. At which bank's 120th foundation day celebrations did President Droupadi Murmu emphasize the banking sector's 'pivotal role'?

9. President Droupadi Murmu urged banks to expand credit particularly for which two key areas?

10. Who is the Commerce Minister scheduled to meet with exporters to devise strategies to boost India's outbound shipments?

11. What significant challenge on the trade front is prompting the Commerce Minister's meeting with exporters?

12. According to the Prime Minister, which two factors are key drivers of global confidence in building the semiconductor future with India?

13. What was the trend observed in the Indian benchmark equity indices (Nifty 50 and Sensex) on Tuesday, as per the market news?

14. How did Foreign Portfolio Investors (FPIs) behave in the Indian market for the seventh consecutive session on Tuesday?

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