Current Affairs - Economy

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Exercise : Economy - Latest Current Affairs
  • Economy - Latest Current Affairs
1.
According to the provisional estimate by the Statistics Ministry, what was India's GDP growth rate for the fiscal year 2022-23?
6.4%
6.6%
7.0%
7.2%
Answer: Option
Explanation:
India's GDP growth rate for the fiscal year 2022-23 was estimated at 7.2% as per the provisional estimate by the Statistics Ministry. This exceeded expectations and indicates a positive performance of India's Gross Domestic Product (GDP).

2.
What is the approved investment amount for India's world's largest food storage scheme in the Cooperative Sector?
2 lakh crore
1.7 lakh crore
1 lakh crore
1.5 lakh crore
Answer: Option
Explanation:
The Indian government has recently approved a groundbreaking scheme worth Rs 1 lakh crore aimed at significantly expanding the food grain storage capacity in the cooperative sector.

3.
What is the percentage of India's GDP growth in the January to March 2023 quarter?
6.1%
6.2%
6.3%
6.4%
Answer: Option
Explanation:
India's GDP growth accelerated to 6.1% in the January to March 2023 quarter, resulting in an upward revision of the economy's overall growth to 7.2% for the fiscal year 2022-23, as per the provisional national income data released by the National Statistical Office (NSO) on Wednesday.

4.
In the month of April 2023, investments in P-notes hit a four-month high of how many crores?
95,911
95,645
98,900
96,856
Answer: Option
Explanation:
Investments in P-notes reached a four-month high of Rs 95,911 crore in April.

5.
Under the new digital reporting and communication system to address loan defaults exceeding Rs 50 crore, which organization will communicate with banks?
Central Economic Intelligence Bureau (CEIB)
Department of Revenue
Integrated Finance Division
Public Debt Management Cell
Answer: Option
Explanation:
The government has approved a new digital reporting and communication system to address loan defaults exceeding Rs 50 crore. Instead of relying on paper-based communication, the Union government has introduced a digital mechanism. Under this system, the Central Economic Intelligence Bureau (CEIB) will send digital reports to public sector banks within 15 days of a loan request at the pre-approval stage.