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. 

RBI conducted the simultaneous purchase of Government Securities maturing between 2027 and 2033, and sale of 182 day and 364 day treasury bills under Open Market Operations for how much worth each?

A. Rs 20,000 crore
B. Rs 10,000 crore
C. Rs 30,000 crore
D. Rs 40,000 crore

Answer: Option B

Explanation:

Reserve Bank of India conducted the simultaneous purchase of Government Securities, maturing between 2027 and 2033, and sale of 182 day and 364 day treasury bills (DTBs) under Open Market Operations for Rs 10,000 crore each. This OMO is a part of "Operation Twist" to ease pressure evolving liquidity and market conditions. The main purpose of the OMO is to bring down the yields at the longer end.

2. 

CARE Ratings Limited in its report, 'Revised GDP growth projections for FY21' has projected hwo much contraction in India's GDP growth for the current financial year FY 21?

A. 3.4 %
B. 4.4 %
C. 5.4 %
D. 6.4 %

Answer: Option D

Explanation:

CARE Ratings Limited ( formerly Credit Analysis and Research Limited) in its report, 'Revised GDP growth projections for FY21' has projected a 6.4 % contraction (or -6.4%) in India's GDP (Gross Domestic Product) growth for the current financial year FY 21 (2020-21) due to the continuous lockdown imposed for prevention of coronavirus (COVID-19) epidemic. Earlier in May 2020, the agency had predicted a 1.5 to 1.6 % decline in GDP for 2020-21.

3. 

According to the Reserve Bank of India data, what is India's external debt in March 2020?

A. $558.5 billion
B. $658.5 billion
C. $758.5 billion
D. $858.5 billion

Answer: Option A

Explanation:

In accordance with the Reserve Bank of India data, India's external debt stood at $558.5 billion in March 2020, an increase of $15.4 billion or 2.8% as compared to the March 2019. The largest component of the external debt is Commercial borrowings with a share of 39.4%, followed by non-resident deposits at 23.4% and short-term trade credit at 18.2%.

4. 

According to the report "Annual Marine Fish Landings in India for 2019" by Central Marine Fisheries Research Institute, India's marine fish production has increased marginally by how much percent in 2019?

A. 2.1%
B. 3.1%
C. 4.1%
D. 5.1%

Answer: Option A

Explanation:

In accordance with the report "Annual Marine Fish Landings in India for 2019" by Central Marine Fisheries Research Institute (CMFRI), India's marine fish production has increased marginally by 2.1% to 3.56 million tonnes (mt) in 2019 as compared to 3.49 mt in 2018.

5. 

Fitch Ratings Inc. in its June 2020 update of Global Economic Outlook, has lowered India's growth forecast for FY 2021-22 to what percent from 9.5 % projected in may 2020?

A. 8%
B. 7.9%
C. 6%
D. 6.8%

Answer: Option A

Explanation:

Fitch Ratings Inc., an American credit rating agency in its June 2020 update of Global Economic Outlook (GEO), has lowered India's growth forecast for FY 2021-22 to 8% from 9.5 % projected in may 2020 due to the toughest lockdown imposed by the central government to prevent the outbreak of Coronavirus (COVID-19). However, Fitch has not made any change in its previous estimate of a - 5% in the economy during the current financial year (FY 2020-21).