Exercise :: Economy - Latest Current Affairs
- Economy - Latest Current Affairs
| 1. | 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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| 2. | Which organsiation has modified the Multi-Cap Mutual Funds category? |
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Answer: Option B Explanation: The equity allocation in a mufti-cap mutual fund across companies with varying market capitalization will soon change. SEBI has already issued guidelines regarding categorization and rationalization of Mutual Fund Schemes but in order to diversify the underlying investments of Multi-Cap Funds across the large, mid and small-cap companies and be true to label, SEBI has decided to partially modify the scheme characteristics of Multi-Cap Fund.
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| 3. | Suguna Foods Private Limited signed $15 million deal with which organisation? |
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Answer: Option C Explanation: The Asian Development Bank (ADB) has signed an agreement for $15 million of debt financing through the subscription of nonconvertible debentures for Suguna Foods Private Limited (Suguna). The deal will help in sustaining poultry farming operations, as well as rural livelihoods and food security in India during the COVID-19 pandemic.
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| 4. | Which organisation shortlisted Airtel, Wipro and others to revamp its communication system? |
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Answer: Option B Explanation: Securities and Exchange Board of India which is responsible for regulating the Indian market in order to revamp its IT infrastructure network and communication system shortlisted top companies which includes, Bharti Airtel and Wipro and others.
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| 5. | Fitch projected Indian economy to contract by what percent in the FY21? |
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Answer: Option C Explanation: Fitch Ratings on Tuesday slashed India's FY21 growth projection to (-) 10.5 per cent, from (-) 5 per cent estimated earlier, saying the continued spread of the virus and imposition of sporadic shutdowns across the country has disrupted economic activity.
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