Exercise :: Economy - Latest Current Affairs
- Economy - Latest Current Affairs
| 1. | The gross domestic product of India has contracted to what percent in the April-June period? |
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Answer: Option B Explanation: Finance Minister Nirmala Sitharaman is addressing the media on the economic issues facing the country. Her press conference comes at a time when the country's GDP or gross domestic product contracted a record 23.9 per cent in the April-June period as the quarter fully captured the damage caused by the coronavirus pandemic-related restrictions, and is expected to shrink an overall 9.5 per cent in the current financial year by the Reserve Bank of India.
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| 2. | How much was the Ways and Means Advances (WMA) limit fixed by GoI for the 2 second half FY21? |
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Answer: Option A Explanation: The Reserve bank of India (RBI),in consultation with the Government of India (GOI)has fixed 1,25,000 crores as the Ways and Means Advances (WMA) limit for the 2nd half of the financial years (FY) 2020-21, i.e., October 2020 to March 2021. When GoI utilises 75% of the WMA limit, RBI may trigger fresh floatation of market loans.
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| 3. | Which company launched Make Small Strong campaign? |
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Answer: Option B Explanation: Google India on September 30, 2020 announced the launch of its nationwide campaign "Make Small Strong" in order to help support small businesses and drive demand through customer support.
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| 4. | Council of Scientific & Industrial Research (CSIR) signed MoU with whom to collaborate in the area of Carbon Capture, Utilisation & Storage? |
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Answer: Option B Explanation: Considering the importance of Carbon Capture, Utilisation & Storage (CCUS) in India's fight against Climate Change and Global Warming, meeting the growing energy demands and building a strong ecosystem to meet commitments under Paris Agreement, Tata Steel Limited and the Council of Scientific & Industrial Research (CSIR) have joined hands to work in the field of CCUS.
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| 5. | United Nations Conference on Trade and Development (UNCTAD) has predicted that the GDP of India will contract by what percent? |
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Answer: Option B Explanation: United Nations Conference on Trade and Development (UNCTAD) has predicted that the GDP of India will contract by 5.9% in the year 2020. For the year 2021, UNCTAD projects the Indian economy to grow by 3.9%. The projection was made in its Trade and Development Report 2020.
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