MCQs - 2026-04

While Q4 earnings were resilient, companies continue to face challenges from geopolitical tensions, potential supply chain disruptions, and volatile commodity prices.

A key driver for the resilience in corporate earnings has been the sustained strong domestic demand and various forms of government support and policy initiatives.

Reports indicate that sectors like IT services, banking, financial services, and automobiles have demonstrated strong performance and resilience in their Q4 earnings, defying earlier concerns.

The revised estimates for FY2023-24 projected the fiscal deficit at 5.8% of GDP, indicating a slight deviation from the initial budget target but still within a manageable range.

The government's strategy involves improving the efficiency of public spending, enhancing the quality of expenditure, and rationalizing subsidies to control the fiscal deficit.

The interim budget presented by the Finance Minister set the fiscal deficit target for FY2024-25 at 5.1% of GDP. However, the glide path aims to bring it down to 4.5% by FY2025-26.

The South China Sea disputes, involving several ASEAN member states and China, are a recurring and critical topic at ASEAN Summits due to their implications for regional security and stability.

ASEAN stands for the Association of Southeast Asian Nations, a regional intergovernmental organization comprising ten Southeast Asian countries.

ASEAN Summits frequently focus on maintaining regional peace, stability, and addressing common security and maritime issues among member states.

FTA stands for Free Trade Agreement, which aims to reduce barriers to trade between participating countries.