Economic Current Affairs: Solved 44 Economic Current Affairs Questions and answers section with explanation for various online exam preparation, various interviews, Logical Reasoning Category online test. Category Questions section with detailed description, explanation will help you to master the topic.
Economic Current Affairs Questions
1. Which of the following organizations has approved second tranche of loan of $150 million for West Bengal to boost capital investment and infrastructure in the state?
Correct Ans:Asian Development Bank (ADB)
The Asian Development Bank (ADB) has approved the 2nd tranche of USD 150 million for West Bengal to boost capital investment and infrastructure in the state.
2. IFC has anchored an investment of _________ in Mahindra and Mahindra Financial Services to create a dedicated pool of financing for the Ministry of Micro, Small and Medium Enterprises (MSMEs) in low-income states.
Correct Ans:$200 million
International Finance Corporation (IFC), an arm of World Bank Group, has anchored an investment round of $200 million in Mahindra and Mahindra Financial Services. Among the investment, IFC has invested $75 million from its own account and is mobilizing another $125 million as parallel loans. The investment aims to create a dedicated pool of financing for the Ministry of Micro, Small and Medium Enterprises (MSMEs) in low-income states.
4. Which of the following company's Mutual Fund has been renamed as Nippon India Mutual Fund (NIMF)?
Reliance Mutual Fund has been renamed as Nippon India Mutual Fund (NIMF) following a deal with the Anil Ambani group. Nippon Life entered Reliance AMC first by buying a 26 percent stake in 2012 and now owns as much as 75 percent, making it the single largest promoter. Nippon has paid Rs. 6,000 crore for 75 percent stake.
6. "South Asia Economic Focus, Fall 2019: Making (De) centralization Work", has been released by which of the following organizations?
Correct Ans:World Bank
World Bank (WB) in its report, "South Asia Economic Focus, Fall 2019 : Making (De)centralization Work", has lowered India's growth forecast to 6% for 2019 for the second consecutive year ,after a wide decline in the initial quarters.
8. The UN Conference on Trade and Development (UNCTAD) has released its Trade and Development Report 2019 in which it projected India's growth rate for the current year to slowdown at _____ from last year's 7.4 percent.
The UN trade agency has projected India's growth rate for the current year to slowdown at 6 per cent from last year's 7.4 per cent, but the country will be the world's second fastest growing economy, lagging by just a tiny fraction behind China.
The Trade and Development Report 2019 released by the UN Conference on Trade and Development (UNCTAD) in Geneva.
It maps a global slowdown with the world growth rate dropping from 3 per cent in 2018 to a projected 2.3 for this year.
China with a 6.1 per cent growth rate for 2019 reclaims the title of the world's fastest growing economy by being ahead of India by just 0.1 per cent.
10. The Central government has increased the Dearness Allowance (DA) of Central government employees and pensioners. The government has hiked DA by-?
The Central government has increased the Dearness Allowance (DA) of Central government employees and pensioners. The government has hiked DA by 5%, which means the dearness allowance has been increased from 12% to 17%. The decision was approved in a cabinet meet chaired by Prime Minister Narendra Modi. The hike would be effective from July 2019. The cost to the exchequer will be Rs 16,000 crore.
13. The Economic Survey 2019 has proposed a change in the Beti Bachao Beti Padhao (BBBP) scheme. The campaign, to be labelled ___________ will be used to represent the change towards gender equality.
The Economic Survey 2019 has proposed a change in the Beti Bachao Beti Padhao (BBBP) scheme. The campaign, to be labelled BADLAV (Beti Aapki Dhan Lakshmi Aur Vijay Lakshmi), will be used to represent the change towards gender equality. BBBP is a government scheme launched to end female foeticide, infanticide and help promote the education of the girl child. It was launched in 2015.
14. As per CRISIL, What is the Gross Domestic Product(GDP) growth of India for the FY20(Fiscal Year 2020)?
Indian credit rating agency CRISIL (formerly Credit Rating Information Services of India Limited) has reduced the India's GDP (Gross Domestic Product) growth to 6.3% for FY20 (Fiscal Year 2020) from its previous estimate of 6.9%. The lower GDP growth forecast states about the India's deep economic slowdown and is broad-based than suspected.
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