MCQ Test: India's Economic Landscape: Trade Pacts, Tax Growth, and Regulatory Reforms

Under the India-Oman Comprehensive Economic Partnership Agreement (CEPA), what unique provision has been granted to Indian firms investing in Oman?

A) Exemption from all corporate taxes for 10 years B) Permission to employ 100% Indian staff C) Free land acquisition in industrial zones D) Exclusive rights to oil exploration in the Gulf

The India-Oman CEPA provides zero-duty access for what percentage of Oman's tariff lines for Indian exports?

A) 75% B) 85% C) 95% D) Over 98%

According to the International Monetary Fund (IMF), what is the revised timeline for India to achieve the $5 trillion economy goal?

A) 2024-25 B) 2026-27 C) 2028-29 D) 2030-31

What was the primary reason cited by the IMF for the delay in India reaching the $5 trillion target?

A) A collapse in real economic growth B) High levels of unemployment C) Factors related to the rupee-dollar exchange rate and nominal GDP calculation D) A significant decline in agricultural output

In December 2025, the RBI Governor characterized the Indian economy as being in a 'Goldilocks period'. What does this term signify?

A) Low growth and high inflation B) High growth and high inflation C) High growth and low inflation D) Negative growth and deflation

Following the 25 basis points reduction by the Monetary Policy Committee in December 2025, what is the new repo rate?

A) 5.00% B) 5.25% C) 5.50% D) 6.00%

Which of the following sectors is NOT specifically mentioned as a major beneficiary of nil duties under the India-Oman CEPA?

A) Gems and jewellery B) Pharmaceuticals C) Information Technology services D) Automobiles

India's trade deficit with China is projected to reach which milestone in 2025?

A) $80 billion B) $95 billion C) $106 billion D) $125 billion

Which category accounts for the largest share of imports from China, contributing significantly to the trade deficit?

A) Organic chemicals B) Plastics C) Electronics D) Machinery

What was the growth rate of India's net direct tax collections as of December 17 in the current financial year?

A) 5% B) 8% C) 12% D) 15%

Which of the following was identified as a regulatory challenge hindering private investment in India during 2025?

A) High corporate tax rates B) Low state capability within statutory regulatory authorities (SRAs) C) Lack of skilled labor in the manufacturing sector D) High import duties on raw materials

The government's initiatives to boost the 'Ease of Doing Business' specifically for MSMEs include which of the following?

A) Nationalization of small-scale industries B) Mandatory export quotas for all small units C) Digitizing compliance and improving access to credit D) Fixing the prices of all MSME products

GK Ocean

India's Economic Landscape: Trade Pacts, Tax Growth, and Regulatory Reforms

Your Score: 0 / 0

Under the India-Oman Comprehensive Economic Partnership Agreement (CEPA), what unique provision has been granted to Indian firms investing in Oman?

The India-Oman CEPA provides zero-duty access for what percentage of Oman's tariff lines for Indian exports?

According to the International Monetary Fund (IMF), what is the revised timeline for India to achieve the $5 trillion economy goal?

What was the primary reason cited by the IMF for the delay in India reaching the $5 trillion target?

In December 2025, the RBI Governor characterized the Indian economy as being in a 'Goldilocks period'. What does this term signify?

Following the 25 basis points reduction by the Monetary Policy Committee in December 2025, what is the new repo rate?

Which of the following sectors is NOT specifically mentioned as a major beneficiary of nil duties under the India-Oman CEPA?

India's trade deficit with China is projected to reach which milestone in 2025?

Which category accounts for the largest share of imports from China, contributing significantly to the trade deficit?

What was the growth rate of India's net direct tax collections as of December 17 in the current financial year?

Which of the following was identified as a regulatory challenge hindering private investment in India during 2025?

The government's initiatives to boost the 'Ease of Doing Business' specifically for MSMEs include which of the following?

India's Economic Landscape: Trade Pacts, Tax Growth, and Regulatory Reforms

Your Score: 0 / 0

Under the India-Oman Comprehensive Economic Partnership Agreement (CEPA), what unique provision has been granted to Indian firms investing in Oman?

The India-Oman CEPA provides zero-duty access for what percentage of Oman's tariff lines for Indian exports?

According to the International Monetary Fund (IMF), what is the revised timeline for India to achieve the $5 trillion economy goal?

What was the primary reason cited by the IMF for the delay in India reaching the $5 trillion target?

In December 2025, the RBI Governor characterized the Indian economy as being in a 'Goldilocks period'. What does this term signify?

Following the 25 basis points reduction by the Monetary Policy Committee in December 2025, what is the new repo rate?

Which of the following sectors is NOT specifically mentioned as a major beneficiary of nil duties under the India-Oman CEPA?

India's trade deficit with China is projected to reach which milestone in 2025?

Which category accounts for the largest share of imports from China, contributing significantly to the trade deficit?

What was the growth rate of India's net direct tax collections as of December 17 in the current financial year?

Which of the following was identified as a regulatory challenge hindering private investment in India during 2025?

The government's initiatives to boost the 'Ease of Doing Business' specifically for MSMEs include which of the following?

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