MCQ Test: Indian Economy Poised for $4 Trillion Milestone, Driven by Consumption and Exports

According to Chief Economic Advisor V. Anantha Nageswaran, India's economy is set to exceed what value in the ongoing fiscal year (FY26)?

A) USD 3.9 trillion B) USD 4 trillion C) USD 4.5 trillion D) USD 5 trillion

By the end of March 2025, India solidified its standing as which largest economy globally?

A) Third B) Fourth C) Fifth D) Sixth

Which organization projected India's economy to grow by 6.5% in FY26 and 6.7% in FY27?

A) International Monetary Fund (IMF) B) World Bank C) S&P Global Ratings D) Reserve Bank of India (RBI)

Which of the following is NOT cited as a primary reason for India's projected economic growth, according to the provided content?

A) Resilient domestic consumption B) Strategic tax cuts C) Accommodative monetary policy D) High crude oil prices

The Union Budget 2025-26 raised the income-tax rebate threshold to what amount, providing significant relief to middle-class taxpayers?

A) ₹7 lakh B) ₹10 lakh C) ₹12 lakh D) ₹15 lakh

What action did the Reserve Bank of India (RBI) implement to further stimulate demand, as mentioned in the content?

A) Increased policy rates B) Implemented policy rate cuts C) Introduced new currency notes D) Reduced government expenditure

According to the RBI's monthly bulletin for October, inflation eased to a historic low primarily due to which two factors?

A) Higher interest rates and reduced fuel prices B) Lower food prices and GST rate reductions C) Increased agricultural output and stronger rupee D) Global economic slowdown and reduced consumer spending

What was the primary driver for the record widening of India's merchandise trade deficit in October?

A) Contraction in services exports B) Surge in gold and silver purchases for festive demand C) Increase in crude oil imports D) Decline in manufacturing output

Who is the Union Commerce and Industry Minister who emphasized the critical need to expand India's economy by boosting exports?

A) Nirmala Sitharaman B) Subrahmanyam Jaishankar C) Piyush Goyal D) Amit Shah

India is actively pursuing an early harvest trade deal with which country?

A) United States B) European Union C) Israel D) Japan

Formal Free Trade Agreement (FTA) talks are set to commence between India and which economic bloc?

A) ASEAN B) African Union C) Russia-Led Eurasian Economic Union D) Gulf Cooperation Council (GCC)

The acceleration in India's manufacturing sector is significantly propelled by the implementation of which initiative, aimed at enhancing product quality and export readiness?

A) Production Linked Incentive (PLI) scheme B) Atmanirbhar Bharat Abhiyan C) Bureau of Indian Standards' (BIS) Quality Control Orders (QCOs) D) Make in India program

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Indian Economy Poised for $4 Trillion Milestone, Driven by Consumption and Exports

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According to Chief Economic Advisor V. Anantha Nageswaran, India's economy is set to exceed what value in the ongoing fiscal year (FY26)?

By the end of March 2025, India solidified its standing as which largest economy globally?

Which organization projected India's economy to grow by 6.5% in FY26 and 6.7% in FY27?

Which of the following is NOT cited as a primary reason for India's projected economic growth, according to the provided content?

The Union Budget 2025-26 raised the income-tax rebate threshold to what amount, providing significant relief to middle-class taxpayers?

What action did the Reserve Bank of India (RBI) implement to further stimulate demand, as mentioned in the content?

According to the RBI's monthly bulletin for October, inflation eased to a historic low primarily due to which two factors?

What was the primary driver for the record widening of India's merchandise trade deficit in October?

Who is the Union Commerce and Industry Minister who emphasized the critical need to expand India's economy by boosting exports?

India is actively pursuing an early harvest trade deal with which country?

Formal Free Trade Agreement (FTA) talks are set to commence between India and which economic bloc?

The acceleration in India's manufacturing sector is significantly propelled by the implementation of which initiative, aimed at enhancing product quality and export readiness?

Indian Economy Poised for $4 Trillion Milestone, Driven by Consumption and Exports

Your Score: 0 / 0

According to Chief Economic Advisor V. Anantha Nageswaran, India's economy is set to exceed what value in the ongoing fiscal year (FY26)?

By the end of March 2025, India solidified its standing as which largest economy globally?

Which organization projected India's economy to grow by 6.5% in FY26 and 6.7% in FY27?

Which of the following is NOT cited as a primary reason for India's projected economic growth, according to the provided content?

The Union Budget 2025-26 raised the income-tax rebate threshold to what amount, providing significant relief to middle-class taxpayers?

What action did the Reserve Bank of India (RBI) implement to further stimulate demand, as mentioned in the content?

According to the RBI's monthly bulletin for October, inflation eased to a historic low primarily due to which two factors?

What was the primary driver for the record widening of India's merchandise trade deficit in October?

Who is the Union Commerce and Industry Minister who emphasized the critical need to expand India's economy by boosting exports?

India is actively pursuing an early harvest trade deal with which country?

Formal Free Trade Agreement (FTA) talks are set to commence between India and which economic bloc?

The acceleration in India's manufacturing sector is significantly propelled by the implementation of which initiative, aimed at enhancing product quality and export readiness?

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