Current Affairs - Economy

Exercise :: Economy - Latest Current Affairs

  • Economy - Latest Current Affairs
41. 

Who will head the Inter-Ministerial Co-ordination Committee (IMCC), which is formed to check money laundering activities?

A. Subhash Chandra Garg
B. Ajay Bhushan Pandey
C. Hasmukh Adhia
D. Ajay Narayan Jha

Answer: Option B

Explanation:

The 19-member Inter-Ministerial Co-ordination Committee (IMCC) has been set up under Ajay Bhushan Pandey and law enforcement agencies to prevent money laundering activities.

42. 

Government e-Marketplace (GeM) signed Memorandum of Understanding (MoU) with which of the following banks?

A. ICICI
B. SBI
C. UBI
D. BOB

Answer: Option C

Explanation:

Government e-Marketplace (GeM) signed Memorandum of Understanding (MoU) with Union Bank of India (UBI).

43. 

Which of the following company's Mutual Fund has been renamed as Nippon India Mutual Fund (NIMF)?

A. Wipro
B. Tata
C. Reliance
D. Aditya Birla

Answer: Option C

Explanation:

Reliance Mutual Fund has been renamed as Nippon India Mutual Fund.

44. 

As per the recent report, What is the new income tax rate of the new domestic manufacturing companies?

A. 22
B. 24.5
C. 12
D. 15

Answer: Option D

Explanation:

The Union Finance Minister Nirmala Sitharaman announced that in order to attract more investment in manufacturing, a new provision has been inserted in the Income Tax Act that will allow any new domestic company incorporated on or after October 1, 2019 making fresh investment in manufacturing to pay income tax at a rate of 15 percent.

45. 

Government has approved __________ interest rate on deposits in Employees Provident Fund for 2018-19.

A. 7.2%
B. 7.8%
C. 8.65%
D. 8.42%

Answer: Option C

Explanation:

Government has approved 8.65% interest rate on deposits in Employees Provident Fund for 2018-19. Ministry of Labour and Employment has notified 8.65% rate of interest on EPF deposits for its over six crore subscribers. The EPFO has been settling EPF withdrawal claims at 8.55% interest rate, approved for 2017-18. Now, the EPFO will settle accounts on higher rate of 8.65% for 2018-19.