1. Which country became the largest arms importer in the world during 2020-24, according to a SIPRI report?
A. India
B. China
C. Ukraine
D. Japan
Show AnswerCorrect answer: C. Ukraine
Notes: According to a report by the Stockholm International Peace Research Institute (SIPRI), Ukraine became the largest arms importer globally during the period 2020-24. This surge in arms imports is attributed to the ongoing conflict and security challenges faced by the country.
2. What was India’s retail inflation rate in February 2025?
A. 2.5%
B. 3.61%
C. 4.2%
D. 5.0%
Show AnswerCorrect answer: B. 3.61%
Notes: India’s retail inflation dropped to a seven-month low of 3.61% in February 2025, driven by a decline in food inflation, which fell below 4% for the first time in two years. This decline raises expectations of a rate cut in the upcoming April RBI meeting.
3. By which year is India projected to become the world’s third-largest economy, according to Morgan Stanley?
A. 2026
B. 2028
C. 2030
D. 2032
Show AnswerCorrect answer: B. 2028
Notes: In March 2025, New York-based brokerage firm Morgan Stanley projected that India will become the third-largest economy in the world by 2028, supported by key investments and economic reforms.
4. What significant policy change did India’s Finance Minister announce regarding the Goods and Services Tax (GST) on March 11, 2025?
A. Introduction of new tax slabs
B. Increase in GST rates
C. Reduction and rationalization of GST rates
D. Abolition of GST
Show AnswerCorrect answer: C. Reduction and rationalization of GST rates
Notes: On March 11, 2025, Finance Minister Nirmala Sitharaman announced forthcoming reductions and rationalizations of GST rates. This move aims to simplify the tax structure and address compliance issues, following recommendations from a group of ministers.
5. Which Indian telecommunications company announced a collaboration with SpaceX’s Starlink to bring satellite internet services to India, as reported on March 11, 2025?
A. Reliance Jio
B. Bharti Airtel
C. Vodafone Idea
D. BSNL
Show AnswerCorrect answer: B. Bharti Airtel
Notes: Bharti Airtel announced a collaboration with SpaceX’s Starlink on March 11, 2025, to introduce satellite internet services in India. This partnership aims to enhance internet connectivity, especially in remote and rural areas, pending regulatory approvals.
6. During his visit to India on March 10, 2025, which key agreement did the French President sign with India?
A. Defence and aerospace collaboration
B. Renewable energy partnership
C. Free trade agreement
D. Space exploration program
Show AnswerCorrect answer: A. Defence and aerospace collaboration
Notes: During his visit to India on March 10, 2025, French President Emmanuel Macron signed a major defence and aerospace collaboration agreement with India. This includes joint development of military aircraft, technology transfer, and enhanced defence cooperation under the ‘India-France Strategic Partnership.’ The agreement aims to strengthen India’s self-reliance in defence manufacturing.
7. What incentives is the Indian government considering for exporters amid global trade uncertainties, as reported on March 11, 2025?
A. Tax holidays
B. Financial subsidies
C. Export duty reductions
D. Interest-free loans
Show AnswerCorrect answer: B. Financial subsidies
Notes: In response to global trade uncertainties and potential tariffs from the U.S., the Indian government is considering financial subsidies for exporters. This initiative aims to support domestic exporters facing challenges in international markets.
8. Which Indian city hosted the 25th International Indian Film Academy (IIFA) Awards on March 8–9, 2025?
A. Mumbai
B. Abu Dhabi
C. New Delhi
D. Dubai
Show AnswerCorrect answer: B. Abu Dhabi
Notes: The 25th International Indian Film Academy (IIFA) Awards were held in Abu Dhabi on March 8–9, 2025. The event celebrated the best performances and technical achievements in Indian cinema. It saw top Bollywood celebrities and filmmakers in attendance, making it one of the biggest entertainment nights of the year.
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