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Exercise :: Economy - Latest Current Affairs

  • Economy - Latest Current Affairs
1. 

As per the latest estimate of the Confederation of Indian Industry, what is the GDP growth rate projection of India in 2020-21?
A. 7.2%
B. 8.9%
C. 9.5%
D. 10.4%

Answer: Option C

Explanation:

The Confederation of Indian Industry has estimated the GDP of India to grow at 9.5 percent in the current financial year.
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2. 

What amount was transferred by RBI as surplus to the government for FY21?
A. Rs 75,991 crore
B. Rs 101,062 crore
C. Rs 99,122 crore
D. Rs 89,145 crore

Answer: Option C

Explanation:

The RBI has transferred Rs 99,122-crore surplus to the government for FY21 which is 73% higher than the Rs 57,128 crore paid out in 2019-20.
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3. 

What is the rank of India in terms of surplus reserve transfer to government by its Central Bank as a percentage to GDP for FY22?
A. Fourth
B. First
C. Second
D. Third

Answer: Option C

Explanation:

The RBI was second in terms of reserves transferred to the government as a percentage of GDP for the fiscal year 2020-21.
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4. 

India's retail inflation shot up to a six-month high of which percent in May?
A. 2.3%
B. 6.3%
C. 4.3%
D. 3.3%

Answer: Option B

Explanation:

The India's retail inflation shot up to a six-month high of 6.3 per cent in May, after easing to a three-month low of 4.23 per cent in April.
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5. 

What is the interchange fee per transaction for financial transactions that banks can charge w.e.f August 1, 2021?
A. Rs 15
B. Rs 20
C. Rs 17
D. Rs 25

Answer: Option C

Explanation:

Interchange fee per transaction for financial transactions that banks can charge w.e.f August 1, 2021 is Rs 17.
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