Current Affairs - Economy

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Exercise :: Economy - Latest Current Affairs

  • Economy - Latest Current Affairs
1. 

IMF has approved __________ to support Madagascar's economic recovery recently.

A. $41.8 million
B. $40.2 million
C. $44.5 million
D. $39.5 million

Answer: Option C

Explanation:

International Monetary Fund (IMF) has announced that it has approved $44.5 million credit to support Madagascar's economic recovery. This credit facility extended to Madagascar by IMF is in addition to $86 million credit that was approved in June 2017. It is to be noted that IMF and other international financial organisations had stopped giving support to Madagascar after a coup in 2009. However, after a peaceful presidential vote in late 2013, IMF resumed its support.

2. 

This country submits document to oppose e-commerce talks at WTO recently..

A. Kenya
B. Denmark
C. Georgia
D. India

Answer: Option D

Explanation:

India has for the first time submitted a formal document opposing any talks on e-commerce at the World Trade Organisation (WTO). The submission comes ahead of the key ministerial conference of the WTO, where India is likely to face pressure from many countries to begin talks to open cross-border digital trade.

3. 

Which Indian organization has developed sub-sonic cruise missile 'Nirbhay', which is successfully test fired recently?

A. BARC
B. Bharat Earth Movers
C. DRDO
D. ISRO

Answer: Option C

Explanation:

The Defence Research and Development Organisation (DRDO) has successfully conducted a flight test of its indigenously designed and developed long-range sub-sonic cruise missile 'Nirbhay', which can carry warheads of up to 300 kg. The state-of-the-art missile was successfully test-fired from the Integrated Test Range (ITR) in Chandipur, Odisha. The missile has the capability to cruise at the speed of 0.7 Mach and loiter at altitudes as low as 100 m.

4. 

India has signed how much amount of loan agreement with the World Bank (WB) for Odisha Higher Education Programme for Excellence and Equity (OHEPEE) Project?

A. $111 million
B. $119 million
C. $131 million
D. $122 million

Answer: Option B

Explanation:

India has signed $119 million of financial agreement with the World Bank (WB) for Odisha Higher Education Programme for Excellence and Equity (OHEPEE) project. The purpose of the project is to improve the quality of 'students' equitable access to selected institutions and enhance governance of the higher education system in Odisha. The closing date for the project is 30th November, 2022.

5. 

Which committee has been constituted by the Central Government to probe into NTPC's Unchahar Thermal Power Plant incident?

A. PD Siwal committee
B. Subir Chakraborty committee
C. Dhawal Prakash Antapurkar committee
D. L.D. Papney committee

Answer: Option A

Explanation:

The Union Power Ministry has constituted a 4-member committee headed by PD Siwal to investigate into the causes of the recent accident that occurred on 1st November 2017 at NTPC's Unchahar Thermal Power Plant in Uttar Pradesh's Rae Bareli district.