MCQ Test: India's Economy Charges Ahead with Landmark GST Reforms, Navigating Global Headwinds

1. The Goods and Services Tax (GST) 2.0 reforms, simplifying the tax structure, are effective from which date?

A) September 22, 2024 B) October 1, 2025 C) September 22, 2025 D) April 1, 2025

2. Under the new GST 2.0 reforms, what are the two simplified tax slabs being implemented?

A) 12% and 18% B) 5% and 28% C) 5% and 18% D) 12% and 28%

3. According to Crisil, what is the anticipated rise in revenues for Indian companies in the financial year 2025-26 due to GST 2.0 reforms?

A) 3-4% B) 6-7% C) 10-12% D) 18-20%

4. What was India's GDP growth rate in the April-June 2025 quarter?

A) 7.4% B) 7.8% C) 10.1% D) 6.5%

5. What was the net outflow of Foreign Portfolio Investors (FPIs) from India in the financial year 2024-25?

A) $2.9 billion B) $14.6 billion C) $10.1 billion D) $7.4 billion

6. According to Chief Economic Adviser V Anantha Nageswaran, what is the primary reason for a possible shortfall in nominal GDP growth compared to the Budget estimate?

A) High inflation B) Increased FPI outflows C) Benign inflation D) Global economic slowdown

7. How much faster is India's digital economy growing compared to its traditional economy?

A) 1-2 times B) 3-4 times C) 5-6 times D) 7-8 times

8. What percentage is India's digital economy projected to contribute to the nation's overall economy?

A) Approximately 10% B) Approximately 15% C) Approximately 20% D) Approximately 25%

9. Which country is India expected to sign a bilateral investment treaty with in the coming week, aiming to deepen economic cooperation?

A) China B) USA C) Israel D) Japan

10. Which of the following automobile manufacturers is NOT explicitly mentioned as having begun passing on GST benefits to consumers in the provided text?

A) Hyundai B) Maruti Suzuki C) Tata Motors D) Renault

11. Which company is set to launch the largest IPO mentioned in the text, with an estimated value of Rs 15,000 crore?

A) Physicswallah B) Hyundai C) LG Electronics D) Crisil

12. Which of the following sectors is NOT specifically mentioned as expected to benefit significantly from lower costs due to the GST rate cut?

A) Fast-moving consumer goods (FMCG) B) Information Technology (IT) C) Consumer durables D) Automobiles

13. Based on its recent GDP growth rates, India is currently recognized as which of the following?

A) The second largest economy globally B) The fastest-growing major economy globally C) A developing economy with stagnant growth D) An economy in recession

14. According to the text, which of the following factors is attributed to the net outflows of Foreign Portfolio Investors (FPIs)?

A) Weak dollar and low US tariffs B) Strong dollar and US tariffs C) High inflation and low interest rates D) Benign inflation and strong domestic demand

15. Besides trade liberalization and privatization, what other key reforms are experts advocating to sustain India's high growth trajectory?

A) Only monetary policy adjustments B) Land and labor reforms C) Increased government spending without structural changes D) Reduced foreign investment

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India's Economy Charges Ahead with Landmark GST Reforms, Navigating Global Headwinds

Your Score: 0 / 0

1. The Goods and Services Tax (GST) 2.0 reforms, simplifying the tax structure, are effective from which date?

2. Under the new GST 2.0 reforms, what are the two simplified tax slabs being implemented?

3. According to Crisil, what is the anticipated rise in revenues for Indian companies in the financial year 2025-26 due to GST 2.0 reforms?

4. What was India's GDP growth rate in the April-June 2025 quarter?

5. What was the net outflow of Foreign Portfolio Investors (FPIs) from India in the financial year 2024-25?

6. According to Chief Economic Adviser V Anantha Nageswaran, what is the primary reason for a possible shortfall in nominal GDP growth compared to the Budget estimate?

7. How much faster is India's digital economy growing compared to its traditional economy?

8. What percentage is India's digital economy projected to contribute to the nation's overall economy?

9. Which country is India expected to sign a bilateral investment treaty with in the coming week, aiming to deepen economic cooperation?

10. Which of the following automobile manufacturers is NOT explicitly mentioned as having begun passing on GST benefits to consumers in the provided text?

11. Which company is set to launch the largest IPO mentioned in the text, with an estimated value of Rs 15,000 crore?

12. Which of the following sectors is NOT specifically mentioned as expected to benefit significantly from lower costs due to the GST rate cut?

13. Based on its recent GDP growth rates, India is currently recognized as which of the following?

14. According to the text, which of the following factors is attributed to the net outflows of Foreign Portfolio Investors (FPIs)?

15. Besides trade liberalization and privatization, what other key reforms are experts advocating to sustain India's high growth trajectory?

India's Economy Charges Ahead with Landmark GST Reforms, Navigating Global Headwinds

Your Score: 0 / 0

1. The Goods and Services Tax (GST) 2.0 reforms, simplifying the tax structure, are effective from which date?

2. Under the new GST 2.0 reforms, what are the two simplified tax slabs being implemented?

3. According to Crisil, what is the anticipated rise in revenues for Indian companies in the financial year 2025-26 due to GST 2.0 reforms?

4. What was India's GDP growth rate in the April-June 2025 quarter?

5. What was the net outflow of Foreign Portfolio Investors (FPIs) from India in the financial year 2024-25?

6. According to Chief Economic Adviser V Anantha Nageswaran, what is the primary reason for a possible shortfall in nominal GDP growth compared to the Budget estimate?

7. How much faster is India's digital economy growing compared to its traditional economy?

8. What percentage is India's digital economy projected to contribute to the nation's overall economy?

9. Which country is India expected to sign a bilateral investment treaty with in the coming week, aiming to deepen economic cooperation?

10. Which of the following automobile manufacturers is NOT explicitly mentioned as having begun passing on GST benefits to consumers in the provided text?

11. Which company is set to launch the largest IPO mentioned in the text, with an estimated value of Rs 15,000 crore?

12. Which of the following sectors is NOT specifically mentioned as expected to benefit significantly from lower costs due to the GST rate cut?

13. Based on its recent GDP growth rates, India is currently recognized as which of the following?

14. According to the text, which of the following factors is attributed to the net outflows of Foreign Portfolio Investors (FPIs)?

15. Besides trade liberalization and privatization, what other key reforms are experts advocating to sustain India's high growth trajectory?

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