Current Affairs - Economy

Why Current Affairs Economy?

In this section you can learn and practice Current Affairs Questions based on "Economy" and improve your skills in order to face the interview, competitive examination and various entrance test (CAT, GATE, GRE, MAT, Bank Exam, Railway Exam etc.) with full confidence.

Where can I get Current Affairs Economy questions and answers with explanation?

IndiaBIX provides you lots of fully solved Current Affairs (Economy) questions and answers with Explanation. Solved examples with detailed answer description, explanation are given and it would be easy to understand. All students, freshers can download Current Affairs Economy quiz questions with answers as PDF files and eBooks.

Where can I get Current Affairs Economy Interview Questions and Answers (objective type, multiple choice)?

Here you can find objective type Current Affairs Economy questions and answers for interview and entrance examination. Multiple choice and true or false type questions are also provided.

How to solve Current Affairs Economy problems?

You can easily solve all kind of Current Affairs questions based on Economy by practicing the objective type exercises given below, also get shortcut methods to solve Current Affairs Economy problems.

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?

A. 22%
B. 23.9%
C. 48%
D. 16%

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.

2. 

How much was the Ways and Means Advances (WMA) limit fixed by GoI for the 2 second half FY21?

A. RS 1,25,000 crore
B. RS 1,00,000 crore
C. RS 75,000 crore
D. RS 2,25,000 crore

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.

3. 

Which company launched Make Small Strong campaign?

A. Microsoft
B. Google India
C. Facebook
D. Twitter

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.

4. 

Council of Scientific & Industrial Research (CSIR) signed MoU with whom to collaborate in the area of Carbon Capture, Utilisation & Storage?

A. Reliance
B. TATA steel
C. Mahindra
D. Google

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.

5. 

United Nations Conference on Trade and Development (UNCTAD) has predicted that the GDP of India will contract by what percent?

A. 4.3
B. 5.9
C. 6.5
D. 7.3

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.