Podcast
Questions and Answers
If your car is sputtering, and a faulty fading ______ appears to be the cause, the only immediate alternative is to try and jumpstart it by hooking it up with another running car.
If your car is sputtering, and a faulty fading ______ appears to be the cause, the only immediate alternative is to try and jumpstart it by hooking it up with another running car.
battery
Finance Minister Nirmala Sitharaman sought to do just that on Saturday (February 1, 2025) with her Union Budget for 2025-26 — jumpstart slowing economic activity with a significant ₹1 lakh crore ______ for households.
Finance Minister Nirmala Sitharaman sought to do just that on Saturday (February 1, 2025) with her Union Budget for 2025-26 — jumpstart slowing economic activity with a significant ₹1 lakh crore ______ for households.
stimulus
U.S. President Donald Trump on Saturday (February 1, 2025) signed an order to impose stiff ______ on imports from Mexico, Canada and China.
U.S. President Donald Trump on Saturday (February 1, 2025) signed an order to impose stiff ______ on imports from Mexico, Canada and China.
tariffs
Mr. Trump is declaring an economic emergency to put duties of 10% on all imports from China and 25% on imports from Mexico and Canada — America’s largest trading partners — except for a 10% rate on Canadian ______.
Mr. Trump is declaring an economic emergency to put duties of 10% on all imports from China and 25% on imports from Mexico and Canada — America’s largest trading partners — except for a 10% rate on Canadian ______.
The government has generally refrained from providing significant ______ for households in the past.
The government has generally refrained from providing significant ______ for households in the past.
The new tariffs are likely to lead to increased ______ for American consumers.
The new tariffs are likely to lead to increased ______ for American consumers.
Flashcards
Jumpstart economy
Jumpstart economy
A strategy to revive economic activity, often through stimulus measures.
Union Budget 2025-26
Union Budget 2025-26
India's financial plan aimed at economic revival through tax stimulus.
₹1 lakh crore
₹1 lakh crore
A significant financial stimulus amount for Indian households in the budget.
Tariffs
Tariffs
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Economic emergency
Economic emergency
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Trade partners
Trade partners
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Study Notes
Car Sputtering and Economic Solutions
- A sputtering car, potentially due to a failing battery, can be jumpstarted using another running vehicle.
- Finance Minister Nirmala Sitharaman proposed a ₹1 lakh crore tax stimulus in the 2025-26 Union Budget to boost sluggish economic activity.
- This stimulus is a significant departure from the government's usual approach.
- The goal is to reignite domestic demand and revive rapid economic growth.
US Tariffs on Imports
- U.S. President Donald Trump imposed stiff tariffs on imports from Mexico, Canada, and China.
- This action fulfills a campaign promise.
- Tariffs vary: 10% on Chinese imports, 25% on Mexican and Canadian imports (except for 10% on Canadian oil).
- The tariffs are part of a declared economic emergency.
- Increased prices for American consumers are a potential consequence.
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Description
Explore the connections between car issues and economic policies, including a significant tax stimulus proposed by India's Finance Minister and the implications of U.S. tariffs on imports. This quiz covers recent fiscal strategies aimed at boosting domestic demand and the potential impact on consumers.
