Which body publishes India's quarterly GDP estimates referred to here?

The correct answer is 7.8 per cent. Real GDP, that is GDP at constant prices, is estimated at ₹81.36 lakh crore for the first quarter of 2026-27, and that level represents growth of 7.8 per cent. The figure is the highest first-quarter growth recorded in the four years from 2023-24 onwards, and manufacturing and services carried it. Each wrong option is a real number from the same release, which is what makes them tempting. Option A is the growth rate of the first quarter of the previous year, so it is the base against which this quarter is compared. Option B is the Reserve Bank of India's projection for the quarter, which the outcome exceeded. Option D is the growth of real Gross Value Added, not of GDP; real GVA stood at ₹73.82 lakh crore. Keep the three apart: 7.0 was the forecast, 7.8 the GDP outcome and 8.2 the GVA outcome.

The correct answer is Gross Fixed Capital Formation, the measure of investment funded within the economy. It grew 11.9 per cent in the first quarter of 2026-27 against 5.8 per cent in the same quarter of the previous year, and that jump is the sharpest change among the expenditure components listed. Option A is wrong on the number rather than the idea: Private Final Consumption Expenditure, which is household spending on goods and services, grew 7.1 per cent, up from 6.8 per cent. Exports grew 12.0 per cent, up from 6.0 per cent. Government consumption and imports are not among the components given growth figures in this release, so options C and D cannot be supported from it. For revision, remember the trio of drivers in order: exports 12.0, investment 11.9 and household consumption 7.1 per cent.

The correct answer is that the new base year is 2022-23. The annual revised estimates use new price and production indices on that base, including an Output Producer Price Index and a Banking Services Price Index, along with updated administrative data drawn from several sources. Option B reverses the direction of the change, because real GDP growth was revised upwards for all three earlier years. Option C is wrong for the same reason of fact: the Output Producer Price Index is one of the new indices brought in, not one removed. Option D misplaces a number that does appear in the release; 7.1 per cent was the earlier estimate for 2024-25, which was itself revised to 7.2 per cent, while the estimate for 2025-26 moved up from 7.7 to 7.8 per cent. The revisions matter because they show the strong quarter sitting on an already stronger path.

The correct answer is the Insolvency and Bankruptcy Code. JCR pointed to three things behind the better asset quality of Indian banks: the establishment of this Code, the capital the Government infused into banks, and stronger supervision by the Reserve Bank of India. It added that capital adequacy and profitability in banking have stayed sound, and that asset quality and capital adequacy in the non-banking financial sector have improved as well, which strengthens the financial system as a whole. Option B, the Companies Act, governs how companies are incorporated and run and was not cited here. Option C, the Competition Act, deals with anti-competitive conduct and combinations, a different subject entirely. Option D, the Foreign Trade Policy, concerns exports and imports. Only the Insolvency and Bankruptcy Code is named in the release in connection with bank asset quality.

The correct answer is the Asian Development Bank. It is a multilateral development bank that lends to its member countries; it is not a credit rating agency and assigns no sovereign ratings, so it cannot appear in this list. The release names three agencies that upgraded India over the preceding year. Morningstar DBRS acted first, in May 2025. S&P Global Ratings followed in August 2025. Rating and Investment Information, Inc., which like JCR is based in Japan, upgraded India in September 2025. The Japan Credit Rating Agency's move is therefore the fourth such decision in roughly a year, which is why the release presents it as evidence of a steady strengthening of India's economic fundamentals rather than a one-off judgement. Options A, B and C are all named in the release and are all genuine rating agencies.