Showing questions for August 14, 2025
- Total: 34 questions
Question 21 Aug 14, 2025
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According to the Paisabazaar survey 'How India Travels' in early 2025, which age group constituted nearly 30% of holiday loan borrowers?
Gen Z borrowers (aged 28 or less)The Paisabazaar survey revealed that Gen Z borrowers, defined as those aged 28 or younger, made up nearly 30% of individuals taking personal loans for travel. Millennials (aged 30–40) remained the dominant group with 47% of such loans. This shift indicates a generational change in spending behavior, where younger Indians are increasingly leveraging credit for lifestyle aspirations. The trend is especially strong in Tier II and III cities, where disposable income is rising and social media influences consumption. This reflects growing comfort with consumer credit despite broader economic pressures.
Question 22 Aug 14, 2025
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What is the primary reason S&P Global Ratings believes US tariffs under Donald Trump will not significantly impact India’s economic growth?
India’s exports to the US account for only about 2% of its GDPS&P Global Ratings stated that India is not a trade-driven economy, with exports to the US making up just 2% of GDP, minimizing the impact of potential US tariffs. Key export sectors like pharmaceuticals and consumer electronics are also exempt from such tariffs. The agency maintains a positive outlook on India’s sovereign rating, projecting 6.5% GDP growth for FY2025. Additionally, India’s integration into the 'China plus one' strategy has boosted domestic-focused manufacturing. Thus, external trade shocks are less likely to derail India’s growth trajectory.
Question 23 Aug 14, 2025
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Why did the European Union freeze €1.7 billion in aid to Ukraine in mid-2025?
Because President Zelensky attempted to bring anti-corruption agencies under political controlThe EU froze €1.7 billion of Ukraine Facility funds in response to President Zelensky’s July 2025 bill to place the National Anti-Corruption Bureau (NABU) and Specialised Anti-Corruption Prosecutor’s Office (SAPO) under the Prosecutor General, effectively reducing their independence. Donors like the EU, IMF, and World Bank tied financial aid to the integrity of anti-corruption institutions. They feared political interference would weaken governance during wartime and undermine reconstruction efforts. Public protests and internal dissent also pressured Zelensky, who later reversed the law. The incident damaged his approval ratings and revealed growing trust deficits in his administration.
Question 24 Aug 14, 2025
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What does the rise in personal loans for travel over home renovations in India indicate, according to recent trends in 2025?
Indians are prioritizing lifestyle aspirations and experiential consumption despite economic pressuresIn 2025, 27% of personal loan borrowers used funds for vacations, surpassing the 24% who used them for home renovations, a shift from 2023 when renovation loans were higher. This reflects a cultural shift where salaried professionals, especially in Tier II and III cities, prioritize travel for social validation and mental relief. Social media and corporate culture amplify the desire to project an aspirational lifestyle. Even with stagnant incomes, credit is increasingly used to fulfill experiential needs. The trend signals growing consumer confidence in credit systems and changing spending priorities in India’s evolving middle class.
Question 25 Aug 14, 2025
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A boat carrying migrants capsized off the coast of Lampedusa. According to the UN refugee agency, how many people were confirmed dead?
At least 20The UN refugee agency reported that a boat carrying nearly 100 migrants capsized off the Italian island of Lampedusa, resulting in at least 20 deaths. Around 60 survivors were rescued and taken to a center on the island. Survivor accounts suggest the boat had between 92 to 97 people when it departed from Libya. This tragic incident highlights the dangers faced by migrants attempting to cross the Mediterranean Sea. The UNHCR and Italian authorities continue search and rescue operations for the dozen still missing.