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.

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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. 

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.

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.

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.

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.

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.