What was a key factor cited for the robust Q1 FY2027 GDP growth projection for India?
A Decline in global crude oil prices
B Government's focus on fiscal consolidation
C Sustained increase in private consumption
D Weakening of the Indian Rupee
Answer: C
The projections emphasized that a sustained increase in private consumption, supported by stable employment and income growth, was a crucial element underpinning the optimistic GDP growth forecast for Q1 FY2027.
62.
Which sector was expected to be a major contributor to India's GDP growth in Q1 FY2027, according to the released projections?
A Agriculture
B Services
C Manufacturing
D Construction
Answer: B
The services sector, encompassing IT, financial services, and trade, was projected to be the primary driver of India's GDP growth in Q1 FY2027, reflecting its resilience and expanding digital economy.
63.
According to the projections released in late 2026, what was the anticipated GDP growth rate for India in the first quarter (Q1) of the fiscal year 2026-27?
A 7.5%
B 7.8%
C 8.0%
D 7.2%
Answer: B
Various economic agencies projected India's GDP to grow at approximately 7.8% in Q1 FY2027, driven by strong domestic consumption and increased capital expenditure.
64.
Which of the following was identified as a key upside risk to inflation by the RBI in its Mid-Year Monetary Policy Review of 2026?
A Lowering of global commodity prices
B Stronger than expected monsoon
C Geopolitical tensions impacting supply chains
D Reduced government spending
Answer: C
The RBI's review highlighted that persistent geopolitical tensions, leading to supply chain disruptions and volatile energy prices, posed a significant upside risk to inflation projections for 2026-27.
65.
In the RBI's Mid-Year Monetary Policy Review of 2026, the repo rate was maintained at what level to manage inflation and support growth?
A 5.50%
B 6.00%
C 6.25%
D 5.75%
Answer: B
The Monetary Policy Committee (MPC) decided to keep the policy repo rate unchanged at 6.00% in the Mid-Year Review of 2026, balancing the need to anchor inflation expectations with the imperative to support economic activity.
66.
As per the RBI's Mid-Year Monetary Policy Review of 2026, what was the projected GDP growth rate for the fiscal year 2026-27?
A 6.8%
B 7.0%
C 7.2%
D 6.5%
Answer: C
The RBI's Mid-Year Monetary Policy Review for 2026 projected a GDP growth rate of 7.2% for the fiscal year 2026-27, citing robust domestic demand and improved global economic outlook.
67.
If India's Q1 FY27 GDP growth exceeds expectations, what could be a likely contributing factor from a fiscal policy perspective?
A Significant reduction in government capital expenditure.
B Implementation of new, growth-oriented structural reforms and increased public investment.
C Imposition of higher direct taxes on all income groups.
D A sharp contraction in foreign direct investment (FDI).
Answer: B
Growth-oriented structural reforms, coupled with increased public investment in infrastructure and other productive sectors, are key fiscal policy measures that can stimulate economic activity and lead to higher-than-expected GDP growth.
68.
Which institution is primarily responsible for releasing official GDP growth estimates and projections for India?
A Reserve Bank of India (RBI)
B National Statistical Office (NSO) under the Ministry of Statistics and Programme Implementation
C Securities and Exchange Board of India (SEBI)
D NITI Aayog
Answer: B
The National Statistical Office (NSO), under the Ministry of Statistics and Programme Implementation, is the primary government agency responsible for collecting, compiling, and releasing official GDP growth estimates and projections for India. While RBI and others provide their own projections, NSO provides the official figures.
69.
Which of the following factors is most likely to contribute to India's Q1 FY27 GDP growth exceeding expectations?
A A significant decline in private consumption expenditure.
B Robust growth in manufacturing and services sectors, coupled with strong domestic demand.
C A sharp increase in global crude oil prices.
D Widespread agricultural drought conditions.
Answer: B
Strong performance in key economic sectors like manufacturing and services, driven by healthy domestic demand, is a primary factor that typically leads to higher-than-expected GDP growth in India. Other options represent negative economic indicators.
70.
What enhanced role might SEBI propose for Debenture Trustees (DTs) in the corporate bond market?
A DTs to act as direct lenders to bond issuers.
B DTs to take on the responsibility of credit rating agencies.
C Strengthening DTs' oversight powers and responsibilities to protect bondholders' interests.
D DTs to manage the investment portfolios of bondholders.
Answer: C
SEBI aims to strengthen the role of Debenture Trustees (DTs) by enhancing their oversight powers and responsibilities to ensure that bondholders' interests are adequately protected, especially in cases of default or non-compliance by issuers.
