Current Affairs - Economy

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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

AS per the Reserve Bank of India data, the foreign exchange reserves of India stood how much in the week ended January 07, 2022?

A.	$637.196 billion
B.	$632.736 billion
C.	$633.576 billion
D.	$634.856 billion

Answer: Option B

Explanation:

As per the weekly Reserve Bank of India (RBI) data, the foreign exchange reserves of India declined by $878 million to USD 632.736 billion in the week ended January 7, 2022.

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How much amount of loan assistance has been granted by the Government of India to Sri Lanka to help the island nation overcome its depleted foreign reserves?

A.	USD 800 million
B.	USD 900 million
C.	USD 500 million
D.	USD 700 million

Answer: Option B

Explanation:

India has announced financial assistance of USD 900 million loan to Sri Lanka to help the island nation in building up its depleted foreign reserves and for food imports.

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According to United Nations' WESP 2022 Report, what is the estimated growth rate of the Indian economy in FY 2022?

A.	5.1%
B.	7.5%
C.	8.3%
D.	6.5%

Answer: Option D

Explanation:

The GDP growth forecast of India in fiscal FY2022 is estimated to grow at 6.5 per cent as per the United Nations World Economic Situation and Prospects (WESP) 2022 report.

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In the Calendar year 2022, what is the estimated growth rate of the Indian economy as per the United Nations' report?

A.	5.4%
B.	6.7%
C.	7.5%
D.	8%

Answer: Option B

Explanation:

On a calendar year basis UN has projected India's GDP at 6.7 per cent for 2022.

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What is the estimated GDP growth rate of India in FY22, as per the latest projection of UBS Securities?

A.	7.5%
B.	10.1%
C.	8.4%
D.	9.1%

Answer: Option D

Explanation:

Citing the massive surge in Omicron infections and the resultant impact on overall economic activities in the March quarter, Swiss brokerage UBS Securities has revised downwards its India's growth forecast for the current financial year to 9.1 per cent from 9.5 per cent earlier.

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