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? |
|||||||
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? |
|||||||
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? |
|||||||
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? |
|||||||
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? |
|||||||
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).
|