MCQ Test: India's Key Developments: Economic Resilience, Policy Shifts, and US Tariff Tensions

1. What is the amount of the compensation package approved by the Union Cabinet for public sector Oil Marketing Companies (OMCs) to offset losses from domestic LPG sales?

A) ₹4,200 crore B) ₹10,987 crore C) ₹30,000 crore D) ₹25,000 crore

2. When is the revised version of the Income Tax Bill, 2025, planned to be reintroduced after its withdrawal?

A) August 11, 2024 B) June 2026 C) August 11, 2025 D) August 29, 2025

3. What is the primary objective of the Multidisciplinary Education and Research Improvement in Technical Education (MERITE) scheme?

A) To provide financial aid to technical students B) To establish new medical colleges across the country C) To enhance the quality, equity, and governance of technical institutions D) To promote digital literacy in rural areas

4. By when is India's BharatGen AI expected to be fully supportive of all 22 Eighth Schedule languages?

A) August 29, 2025 B) Q1 FY26 C) June 2026 D) August 11, 2025

5. What is the current repo rate maintained by the Reserve Bank of India (RBI) in its August monetary policy review?

A) 5.00% B) 5.25% C) 5.50% D) 5.75%

6. Until when are public comments invited by the RBI for its Internal Working Group report reviewing the Liquidity Management Framework?

A) August 11, 2025 B) August 29, 2025 C) June 2026 D) Q1 FY26

7. According to the 16th Finance Commission Chairman, Arvind Panagariya, what is the current growth rate of the Indian economy?

A) Below 5% B) Around 6% C) Over 7% D) Exactly 7%

8. What was the percentage increase in net profit reported by Life Insurance Corporation of India (LIC) for Q1 FY26?

A) 5% B) 10% C) 47% D) 25%

9. What was the additional tariff percentage imposed by US President Donald Trump on Indian imports, bringing the total tariff to 50%?

A) 15% B) 20% C) 25% D) 50%

10. What was the primary reason attributed to the US imposing additional tariffs on Indian imports?

A) India's trade surplus with the US B) India's continued purchases of Russian oil C) India's stance on intellectual property rights D) India's refusal to join certain trade blocs

11. Which two countries signed a protocol to deepen industrial and technological cooperation?

A) India and USA B) India and Philippines C) India and Russia D) India and China

12. With which country has India elevated its bilateral ties to a Strategic Partnership?

A) USA B) Russia C) Philippines D) Japan

13. What was the Supreme Court's decision regarding Allahabad High Court Justice Prashant Kumar?

A) It upheld the bar on him hearing criminal cases. B) It rolled back its order barring him from hearing criminal cases. C) It transferred him to another High Court. D) It initiated an inquiry against him.

14. Who was re-appointed as the CEO of KPMG in India for a second term?

A) Arvind Panagariya B) Prashant Kumar C) Yezdi Nagporewalla D) Donald Trump

15. India's electronics exports saw a significant surge in Q1 FY26, largely driven by which product shipments?

A) Televisions B) Laptops C) Mobile phones D) Washing machines

ALL TN Comp Exams Prep

India's Key Developments: Economic Resilience, Policy Shifts, and US Tariff Tensions

Your Score: 0 / 0

1. What is the amount of the compensation package approved by the Union Cabinet for public sector Oil Marketing Companies (OMCs) to offset losses from domestic LPG sales?

2. When is the revised version of the Income Tax Bill, 2025, planned to be reintroduced after its withdrawal?

3. What is the primary objective of the Multidisciplinary Education and Research Improvement in Technical Education (MERITE) scheme?

4. By when is India's BharatGen AI expected to be fully supportive of all 22 Eighth Schedule languages?

5. What is the current repo rate maintained by the Reserve Bank of India (RBI) in its August monetary policy review?

6. Until when are public comments invited by the RBI for its Internal Working Group report reviewing the Liquidity Management Framework?

7. According to the 16th Finance Commission Chairman, Arvind Panagariya, what is the current growth rate of the Indian economy?

8. What was the percentage increase in net profit reported by Life Insurance Corporation of India (LIC) for Q1 FY26?

9. What was the additional tariff percentage imposed by US President Donald Trump on Indian imports, bringing the total tariff to 50%?

10. What was the primary reason attributed to the US imposing additional tariffs on Indian imports?

11. Which two countries signed a protocol to deepen industrial and technological cooperation?

12. With which country has India elevated its bilateral ties to a Strategic Partnership?

13. What was the Supreme Court's decision regarding Allahabad High Court Justice Prashant Kumar?

14. Who was re-appointed as the CEO of KPMG in India for a second term?

15. India's electronics exports saw a significant surge in Q1 FY26, largely driven by which product shipments?

India's Key Developments: Economic Resilience, Policy Shifts, and US Tariff Tensions

Your Score: 0 / 0

1. What is the amount of the compensation package approved by the Union Cabinet for public sector Oil Marketing Companies (OMCs) to offset losses from domestic LPG sales?

2. When is the revised version of the Income Tax Bill, 2025, planned to be reintroduced after its withdrawal?

3. What is the primary objective of the Multidisciplinary Education and Research Improvement in Technical Education (MERITE) scheme?

4. By when is India's BharatGen AI expected to be fully supportive of all 22 Eighth Schedule languages?

5. What is the current repo rate maintained by the Reserve Bank of India (RBI) in its August monetary policy review?

6. Until when are public comments invited by the RBI for its Internal Working Group report reviewing the Liquidity Management Framework?

7. According to the 16th Finance Commission Chairman, Arvind Panagariya, what is the current growth rate of the Indian economy?

8. What was the percentage increase in net profit reported by Life Insurance Corporation of India (LIC) for Q1 FY26?

9. What was the additional tariff percentage imposed by US President Donald Trump on Indian imports, bringing the total tariff to 50%?

10. What was the primary reason attributed to the US imposing additional tariffs on Indian imports?

11. Which two countries signed a protocol to deepen industrial and technological cooperation?

12. With which country has India elevated its bilateral ties to a Strategic Partnership?

13. What was the Supreme Court's decision regarding Allahabad High Court Justice Prashant Kumar?

14. Who was re-appointed as the CEO of KPMG in India for a second term?

15. India's electronics exports saw a significant surge in Q1 FY26, largely driven by which product shipments?

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