Current Affairs - Economy

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Exercise :: Economy - Latest Current Affairs

  • Economy - Latest Current Affairs

How many products did India boost export products to the US and China trade war?

A. 350
B. 420
C. 180
D. 260

Answer: Option A


Commerce Ministry of India made a study the trade war between the US and China offers an opportunity to India for boosting exports of as many 350 products such as chemicals and granite to these countries. The ongoing trade war between the US and China an opportunity to India for boosting exports around 350 products such as chemicals and granite to these countries. These products are part of the study carried out by the commerce ministry. Both the US and China are imposing heavy import duties resulted in trade war kind of situation. Around 151 domestic products includes diesel, X-ray tubes to displace the US exports to China.


How much does the Central government plan to raise from airwaves auction in 2019?

A. Rs 7.54 trillion rupees
B. Rs 6.25 trillion rupees
C. Rs 5.83 trillion rupees
D. Rs 4.31 trillion rupees

Answer: Option C


Prime Minister Narendra Modi-led NDA Government hopes to increase around $83.8 billion (Rs 5.83 trillion rupees) from its latest round of airwaves auction in 2019. The Central government is planning to sell 8,600 megahertz of telecom airwaves across multiple frequency bands. Rs 65,789 crore was raised in the airwaves auction held by the government in 2016-17. Recently, Telecom Minister Ravi Shankar Prasad announced the debut auction of fifth-generation (5G) spectrum this year along with trials within 100 days.


By how much per cent, the share of e-Money in India's payment systems grew in 2017, as per the report released by Reserve Bank of India?

A. 25.5%
B. 21.5%
C. 27.5%
D. 29.5%

Answer: Option B


According to a new report "Benchmarking India's Payment Systems", released by Reserve Bank of India(RBI) stated that the share of e-Money in India's payment systems raise to 21.5 percent in 2017 from 0.8 percent in 2012.The report noted that demonetization plays an important role to provide a better position of the payment system in India compared to other countries.


As per the G-20 surveillance note prepared by staff of International Monetary Fund, what is the growth rate of Indian economy in 2019?

A. 7.1%
B. 7.2%
C. 7.3%
D. 7.5%

Answer: Option C


G-20 surveillance note expected that Indian economy will grow 7.3% in 2019 and 7.5% in 2020. This was prepared by the staff of International Monetary Fund (IMF). It stated that the reforms to hiring and dismissal regulations would help incentivise formal job creation in India and, if combined with an increase in female labour force participation would help absorb the country's large demographic dividend. Global growth is projected to remain stable at around 3.6%. It will rely on weights shifting toward countries with relatively higher growth rates, mainly G-20 emerging markets such as China and India.


What is the minimum tradeable amount in the foreign exchange trading platform for retail participants?

A. $1000
B. $750
C. $500
D. $250

Answer: Option A


The minimum tradeable amount is $1000 and they are issued in the multiples of $500 thereof. At present, the facility will be available only for dollars, but later more currencies will be introduced. Once the trade is done, the ticket generated will reflect the interbank rate, mark-up, and the net rate. Trades can be done for same-day delivery (cash), next-day delivery, or spot delivery (T+B), and interbank rates will reflect accordingly. RBI also decided to widen the gambit of Small Finance Banks (SFBs) to get more customers in order to extend the banking facilities for all.