Current Affairs - Economy

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Exercise : Economy - Latest Current Affairs
  • Economy - Latest Current Affairs
1.
Who has been appointed as the Director of the Independent Evaluation Office (IEO) of the World Bank's Global Environment Facility (GEF)?
Ajay Banga
Anshula Kant
Geeta Batra
Parameswaran Iyer
Answer: Option
Explanation:
Geeta Batra, a distinguished Indian economist, has been appointed as the Director of the Independent Evaluation Office (IEO) of the World Bank's Global Environment Facility (GEF). This significant appointment makes her the first woman from a developing country to hold this prestigious role, reflecting her expertise and commitment to environmental sustainability.

2.
What was the percentage increase in India's mineral production in December 2023 compared to December 2022?
4.8%
5.1%
6.3%
3.9%
Answer: Option
Explanation:
India's mineral production experienced a notable increase of 5.1% in December 2023 compared to the same period in 2022, according to data from the Ministry of Mines. This indicates positive growth trends in the mining sector during that period.

3.
Where will the 8th Asia Economic Dialogue take place?
New Delhi
Mumbai
Kolkata
Pune
Answer: Option
Explanation:
The 8th Asia Economic Dialogue will be held in Pune from February 29 to March 2. Organized jointly by the Ministry of External Affairs and Pune International Centre, this annual conference focuses on addressing geo-economic challenges under the theme 'Geo-economic Challenges in an Era of Flux'.

4.
What is India Ratings' forecast for GDP growth in FY25?
6.5%
7.2%
6.1%
5.8%
Answer: Option
Explanation:
India Ratings predicts a GDP growth rate of 6.5% for the financial year 2024-25, slightly lower than the Reserve Bank of India's estimate of 7%. This forecast suggests a moderation in economic growth compared to previous periods, indicating potential shifts in economic dynamics.

5.
According to the Reserve Bank of India (RBI) report, what was the amount of India's outward foreign direct investment (FDI) commitments in January 2024?
$1.8 billion
$2.05 billion
$2.15 billion
$2.09 billion
Answer: Option
Explanation:
As per the RBI report, India's outward FDI commitments in January 2024 amounted to $2.09 billion, reflecting a significant 25.7% year-on-year increase. Despite a sequential decline from December 2023 figures, this surge highlights a notable rise in outbound FDI commitments for the period.