Which two countries did the US meet this week regarding the war and tariffs?
Russia and Ukraine.
What does ECI stand for?
Election Commission of India.
How many years of independence does India mark in 2025?
78 Years.
GDP stands for what?
Gross Domestic Product.
Name one of the record-breaking transfers in football of this summer made by Liverpool.
Florian Wirtz to Liverpool for over £100 million.
The US is considering tariff hikes of up to what % on imports from rivals?
50%
Who accused the ECI of acting as an “extension of government”?
Rahul Gandhi
Who was the first Finance Minister of India?
R. K. Shanmukham Chetty.
The Sensex tracks how many companies?
30 Companies.
What is the currency of Russia?
Rubles.
Which country has become a key buyer of Russian crude oil alongside India?
China.
Under which Article of the Constitution was the ECI established?
Article 324.
Which sector contributed the most to India’s GDP in 1950?
Agriculture.
What is the repo rate?
The rate at which RBI lends to commercial banks.
Which newly transferred midfielder scored on his debut for Manchester City, and also set up goals?
Tijjani Reijnders
How would a 50% tariff in the US affect the price of consumer goods like electronics?
Prices rise due to higher import costs passed to consumers.
Who currently appoints the Chief Election Commissioner in India?
The President.
The Reserve Bank of India was nationalized in which year?
1949
If the rupee falls from 82 to 85 per dollar, who benefits — exporters or importers?
Exporters.
Rajinikanth’s Coolie set a record Day-1 worldwide gross for Tamil cinema—what was that figure?
151 Rupee Crores.
Name one positive and one negative impact of this tariff war on India.
Positive → cheaper Russian oil, chance to expand exports.
Negative → counter-tariffs on Indian goods, inflation risk.
Why does global investor confidence depend on the credibility of the ECI?
Fair elections ensure political stability → stable policies → safer investments.
Name one major economic reform in 1991 that reshaped India’s economy.
Liberalization, Privatization, and Globalization.
Name one difference between fiscal deficit and current account deficit.
Fiscal deficit → Govt spending > revenue.
Current account deficit → Imports > exports (foreign trade gap).
Which country became the newest member of BRICS in 2025?
Indonesia.