MCQ Test: Indian Economy and Business: Reforms Drive Growth, Global Standing Improves Amidst Trade Challenges

According to Union Minister Jyotiraditya Scindia, India has recently surpassed which country to become the world's fourth-largest economy?

A) Germany B) Japan C) United Kingdom D) France

By which year is India projected to overtake Germany to claim the spot of the world's third-largest economy?

A) 2025 B) 2026 C) 2027 D) 2030

What is the economic target set by Commerce Minister Piyush Goyal for India by the year 2047?

A) $10 trillion B) $20 trillion C) Over $30 trillion D) $50 trillion

The Indian government recently approved a bill to allow what percentage of Foreign Direct Investment (FDI) in insurance companies?

A) 49% B) 51% C) 74% D) 100%

Which sensitive industry has the Indian government recently decided to open to private firms through parliamentary approval?

A) Space Exploration B) Nuclear Industry C) Railway Operations D) Defense Manufacturing

In the December 2025 meeting, the Reserve Bank of India's Monetary Policy Committee reduced the policy repo rate to what level?

A) 5.50% B) 5.25% C) 5.00% D) 4.75%

Which of the following is NOT one of the four key growth engines outlined in the Union Budget 2025-26?

A) Agriculture B) MSMEs C) Tourism D) Exports

What is the new personal income tax exemption limit for individuals under the new tax regime as per the Union Budget 2025-26?

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

When were the four new labor codes, aimed at streamlining compliance and formalizing the informal economy, enacted?

A) August 15, 2025 B) November 21, 2025 C) December 1, 2025 D) January 1, 2026

What digital platform was proposed in the Union Budget 2025-26 to support the strategy for exports?

A) DigiTrade India B) BharatTradeNet C) ExportConnect D) IndiaTradeHub

The government introduced new legislation to raise excise duties on tobacco and cigarettes to replace which expiring financial mechanism?

A) National Calamity Contingent Duty B) GST Compensation Cess C) Education Cess D) Swachh Bharat Cess

According to Vice-President C. P. Radhakrishnan, how many people are directly employed by the apparel export sector in India?

A) 10 million B) 25 million C) 45 million D) 60 million

India's electronics exports reached a value of $31 billion in the first eight months of FY26. What was the year-on-year growth percentage?

A) 15% B) 28% C) 38% D) 50%

Which country is heavily relying on Indian pharmaceutical imports as a pillar for reviving bilateral economic ties?

A) Sri Lanka B) Afghanistan C) Nepal D) Oman

India is currently pursuing a new Free Trade Agreement (FTA) with which Middle Eastern nation?

A) UAE B) Saudi Arabia C) Oman D) Qatar

In 2025, where did India's tech startup ecosystem rank globally in terms of funding raised?

A) First B) Second C) Third D) Fifth

The Department of Posts has recently started performing door-to-door KYC verifications for which type of investors?

A) Cryptocurrency investors B) Mutual fund investors C) Real estate investors D) Fixed deposit holders

The Department of Posts has entered into a Memorandum of Understanding (MoU) with which organization to venture into telecom services?

A) Reliance Jio B) Bharti Airtel C) BSNL D) Vodafone Idea

Which bank has been assigned by the RBI as the 'Lead Bank' for the newly formed 'Vav-Tharad' district in Gujarat?

A) State Bank of India B) Bank of Baroda C) Punjab National Bank D) HDFC Bank

What is the projected volume for India's passenger car exports in the year 2025?

A) 500,000 units B) 750,000 units C) Exceed 1 million units D) 2 million units

GK Ocean

Indian Economy and Business: Reforms Drive Growth, Global Standing Improves Amidst Trade Challenges

Your Score: 0 / 0

According to Union Minister Jyotiraditya Scindia, India has recently surpassed which country to become the world's fourth-largest economy?

By which year is India projected to overtake Germany to claim the spot of the world's third-largest economy?

What is the economic target set by Commerce Minister Piyush Goyal for India by the year 2047?

The Indian government recently approved a bill to allow what percentage of Foreign Direct Investment (FDI) in insurance companies?

Which sensitive industry has the Indian government recently decided to open to private firms through parliamentary approval?

In the December 2025 meeting, the Reserve Bank of India's Monetary Policy Committee reduced the policy repo rate to what level?

Which of the following is NOT one of the four key growth engines outlined in the Union Budget 2025-26?

What is the new personal income tax exemption limit for individuals under the new tax regime as per the Union Budget 2025-26?

When were the four new labor codes, aimed at streamlining compliance and formalizing the informal economy, enacted?

What digital platform was proposed in the Union Budget 2025-26 to support the strategy for exports?

The government introduced new legislation to raise excise duties on tobacco and cigarettes to replace which expiring financial mechanism?

According to Vice-President C. P. Radhakrishnan, how many people are directly employed by the apparel export sector in India?

India's electronics exports reached a value of $31 billion in the first eight months of FY26. What was the year-on-year growth percentage?

Which country is heavily relying on Indian pharmaceutical imports as a pillar for reviving bilateral economic ties?

India is currently pursuing a new Free Trade Agreement (FTA) with which Middle Eastern nation?

In 2025, where did India's tech startup ecosystem rank globally in terms of funding raised?

The Department of Posts has recently started performing door-to-door KYC verifications for which type of investors?

The Department of Posts has entered into a Memorandum of Understanding (MoU) with which organization to venture into telecom services?

Which bank has been assigned by the RBI as the 'Lead Bank' for the newly formed 'Vav-Tharad' district in Gujarat?

What is the projected volume for India's passenger car exports in the year 2025?

Indian Economy and Business: Reforms Drive Growth, Global Standing Improves Amidst Trade Challenges

Your Score: 0 / 0

According to Union Minister Jyotiraditya Scindia, India has recently surpassed which country to become the world's fourth-largest economy?

By which year is India projected to overtake Germany to claim the spot of the world's third-largest economy?

What is the economic target set by Commerce Minister Piyush Goyal for India by the year 2047?

The Indian government recently approved a bill to allow what percentage of Foreign Direct Investment (FDI) in insurance companies?

Which sensitive industry has the Indian government recently decided to open to private firms through parliamentary approval?

In the December 2025 meeting, the Reserve Bank of India's Monetary Policy Committee reduced the policy repo rate to what level?

Which of the following is NOT one of the four key growth engines outlined in the Union Budget 2025-26?

What is the new personal income tax exemption limit for individuals under the new tax regime as per the Union Budget 2025-26?

When were the four new labor codes, aimed at streamlining compliance and formalizing the informal economy, enacted?

What digital platform was proposed in the Union Budget 2025-26 to support the strategy for exports?

The government introduced new legislation to raise excise duties on tobacco and cigarettes to replace which expiring financial mechanism?

According to Vice-President C. P. Radhakrishnan, how many people are directly employed by the apparel export sector in India?

India's electronics exports reached a value of $31 billion in the first eight months of FY26. What was the year-on-year growth percentage?

Which country is heavily relying on Indian pharmaceutical imports as a pillar for reviving bilateral economic ties?

India is currently pursuing a new Free Trade Agreement (FTA) with which Middle Eastern nation?

In 2025, where did India's tech startup ecosystem rank globally in terms of funding raised?

The Department of Posts has recently started performing door-to-door KYC verifications for which type of investors?

The Department of Posts has entered into a Memorandum of Understanding (MoU) with which organization to venture into telecom services?

Which bank has been assigned by the RBI as the 'Lead Bank' for the newly formed 'Vav-Tharad' district in Gujarat?

What is the projected volume for India's passenger car exports in the year 2025?

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