Exercise :: Economy - Latest Current Affairs
- Economy - Latest Current Affairs
| 1. | According to a recent report by Ministry of Micro, Small and Medium Enterprises, how much percent MSME sector has contributed to GDP? |
|||||||
Answer: Option B Explanation: Ministry of Micro, Small and Medium Enterprises reported that Micro, Small and Medium Enterprises sector has contributed over 29% of Gross domestic product (GDP) and over 49% of Indian exports. The report was submitted by the Union MSME Minister Nitin Gadkari. The Indian government has taken many initiatives to enhance the competitiveness of MSMEs.
|
| 2. | What is the limit of personal loans offered by recently launched Mi Credit? |
|||||||
Answer: Option B Explanation: Chinese major Xiaomi on December 3 formally launched its lending platform Mi Credit in India, wherein individuals can avail up to Rs 1 lakh loan, and plans to introduce more financial products. Till now, the company has been operating Mi Credit platform on a pilot basis. Last year, it had announced to offer loans of up to Rs 1 lakh in partnership with KreditBee. The current lending partners for Mi Credit are primarily NBFCs or fintechs such as Aditya Birla Finance Ltd, Money View, EarlySalary, Zestmoney and CreditVidya.
|
| 3. | Walmart India, in partnership with which bank has unveiled co-branded credit card for 'Best Price' members? |
|||||||
Answer: Option D Explanation: Walmart India, in partnership with HDFC Bank, on December 2 launched a co-branded credit card exclusively for members of its Best Price Modern Wholesale "B2B Cash & Carry" stores, offering "free credit up to 50 days. The card was launched in Hyderabad at Best Price Store. Simultaneously, the card was launched at 26 other Best Price Modern Wholesale Store locations across the country.
|
| 4. | According to the Rating agency CRISIL, what is the GDP growth for 2019-20? |
|||||||
Answer: Option A Explanation: Rating agency Crisil on December 2 sharply cut its growth forecast for the current financial year to 5.1 percent from an earlier estimate of 6.3 per cent. Growth in the second half of 2019-20 will go up to 5.5 percent, up from the 4.75 percent in the first half.
|
| 5. | Which has become first financial services player to go NCLT for a possible debt resolution? |
|||||||
Answer: Option B Explanation: The Reserve Bank of India (RBI) has referred Dewan Housing Finance Corp. Ltd (DHFL) to the National Company Law Tribunal (NCLT) for insolvency proceedings, making it the first financial services player to go NCLT for a possible debt resolution. DHFL has a debt of Rrs.83,873 crore.
|