Current Affairs - Economy

Exercise :: Economy - Latest Current Affairs

  • Economy - Latest Current Affairs
11. 

What is the minimum unit size of Bharat Bond ETF issued by Edelweiss Asset Management Company?

A. Rs. 2000
B. Rs. 1000
C. Rs. 5000
D. Rs. 10000

Answer: Option B

Explanation:

Edelweiss Asset Management Company has issued the first Bharat Bond ETF, the corporate bond exchange-traded fund in the country. The bond issue will close on 20 December 2019. The investors can subscribe to the exchange-traded fund (ETF) with a minimum unit size of Rs.1,000.Through the ETF, Edelweiss Mutual Fund proposed to raise an initial amount of Rs.3,000 crore. It has a greenshoe option of Rs.2, 000 crore in the 3-year maturity period (2023) and Rs.4, 000 crore with a greenshoe option of Rs.6, 000 crore in the 10-year maturity bucket (2030).

12. 

What is the fixed uniform tax rate on both state and private lottery?

A. 30%
B. 28%
C. 25%
D. 20%

Answer: Option B

Explanation:

The Goods and Services Tax (GST) Council fixed a uniform tax rate of 28% on both state and private lottery. The 38th GST Council was chaired by the Union Finance Minister Nirmala Sitharaman in New Delhi. The new rate for the lottery will be effective from March 2020.The GST Council rationalized the tax rate on woven and non-woven bags to 18%. Exemptions have been given on long-term lease for industrial plots. It aims to facilitate the setting up of industrial parks. The panel reduced the levy of penalty for non-filing of GSTR-1 from July 2017.

13. 

Canada's Brookfield Infrastructure has partnered to acquire telecom tower assets of which company?

A. BSNL
B. Airtel
C. Reliance Industries
D. Vodafone India

Answer: Option C

Explanation:

Brookfield Infrastructure Partners, the Canadian asset management company, will invest Rs 25,215 crore ($3.55 billion) in the telecom tower assets of Mukesh Ambani's Reliance Industries in a deal that will help strengthen the balance sheet of Reliance JioInfocomm. Reliance Industrial Investments & Holdings Ltd., a wholly owned unit of Reliance Industries, has entered into binding agreements with Brookfield Infrastructure and its institutional partners, which will invest the amount in units to be issued by the Tower Infrastructure Trust, the Indian oil-to-retail conglomerate said in a notice to the stock exchanges on December 16.

14. 

The 5th meeting of the Economic Advisory Council of the 15th Finance Commission was held in which of the following city?

A. Chennai
B. Indore
C. New Delhi
D. Mumbai

Answer: Option C

Explanation:

The fifth meeting of the Economic Advisory Council of the Fifteenth Finance Commission (XVFC) was held in New Delhi on 16 December 2019. The meeting included discussions related to GST stabilization and the ways to improve tax collection for additional resource mobilization.

15. 

According to a recent report by Ministry of Micro, Small and Medium Enterprises, how much percent MSME sector has contributed to GDP?

A. 25%
B. 29%
C. 32%
D. 36%

Answer: Option B

Explanation:

Ministry of Micro, Small and Medium Enterprises reported that Micro, Small and Medium Enterprises sector has contributed over 29% of Gross domestic product (GDP) and over 49% of Indian exports. The report was submitted by the Union MSME Minister Nitin Gadkari. The Indian government has taken many initiatives to enhance the competitiveness of MSMEs.