Current Affairs - Economy

Exercise :: Economy - Latest Current Affairs

  • Economy - Latest Current Affairs
6. 

Which company inked INR 400 Crore 'Project Parivartan' contract with Hindustan Aeronautics Limited?

A. Reliance
B. Tech Mahindra
C. TATA
D. Birla

Answer: Option B

Explanation:

Tech Mahindra, a leading provider of digital transformation, consulting and business reengineering services and solutions announced that it has inked a contract of INR 400 crore for ERP (Enterprise Resource Planning) implementation 'Project Parivartan' by Hindustan Aeronautics Limited (HAL).

7. 

Which company has introduced the Group Safeguard Health Insurance Scheme with FreePaycard?

A. Birla Sun Life
B. ICICI Lombard
C. LIC
D. Reliance

Answer: Option B

Explanation:

ICICI Lombard, the largest private company in the non-life insurance sector of the country, has introduced the group's health insurance scheme, along with FreePayCard. This is an insurance scheme for members of FreePayCard Retail Private Limited. According to this insurance scheme, if the holder of the FreePayCard accident or had to be hospitalized for treatment, then they will get the insurance cover.

8. 

The gross domestic product of India has contracted to what percent in the April-June period?

A. 22%
B. 23.9%
C. 48%
D. 16%

Answer: Option B

Explanation:

Finance Minister Nirmala Sitharaman is addressing the media on the economic issues facing the country. Her press conference comes at a time when the country's GDP or gross domestic product contracted a record 23.9 per cent in the April-June period as the quarter fully captured the damage caused by the coronavirus pandemic-related restrictions, and is expected to shrink an overall 9.5 per cent in the current financial year by the Reserve Bank of India.

9. 

How much was the Ways and Means Advances (WMA) limit fixed by GoI for the 2 second half FY21?

A. RS 1,25,000 crore
B. RS 1,00,000 crore
C. RS 75,000 crore
D. RS 2,25,000 crore

Answer: Option A

Explanation:

The Reserve bank of India (RBI),in consultation with the Government of India (GOI)has fixed 1,25,000 crores as the Ways and Means Advances (WMA) limit for the 2nd half of the financial years (FY) 2020-21, i.e., October 2020 to March 2021. When GoI utilises 75% of the WMA limit, RBI may trigger fresh floatation of market loans.

10. 

Which company launched Make Small Strong campaign?

A. Microsoft
B. Google India
C. Facebook
D. Twitter

Answer: Option B

Explanation:

Google India on September 30, 2020 announced the launch of its nationwide campaign "Make Small Strong" in order to help support small businesses and drive demand through customer support.