Current Affairs - Economy

Exercise :: Economy - Latest Current Affairs

  • Economy - Latest Current Affairs

What is the limit of personal loans offered by recently launched Mi Credit?

A. 50,000
B. 1 lakh
C. 3 Lakh
D. 5 Lakh

Answer: Option B


Chinese major Xiaomi on December 3 formally launched its lending platform Mi Credit in India, wherein individuals can avail up to Rs 1 lakh loan, and plans to introduce more financial products. Till now, the company has been operating Mi Credit platform on a pilot basis. Last year, it had announced to offer loans of up to Rs 1 lakh in partnership with KreditBee. The current lending partners for Mi Credit are primarily NBFCs or fintechs such as Aditya Birla Finance Ltd, Money View, EarlySalary, Zestmoney and CreditVidya.


Walmart India, in partnership with which bank has unveiled co-branded credit card for 'Best Price' members?


Answer: Option D


Walmart India, in partnership with HDFC Bank, on December 2 launched a co-branded credit card exclusively for members of its Best Price Modern Wholesale "B2B Cash & Carry" stores, offering "free credit up to 50 days. The card was launched in Hyderabad at Best Price Store. Simultaneously, the card was launched at 26 other Best Price Modern Wholesale Store locations across the country.


According to the Rating agency CRISIL, what is the GDP growth for 2019-20?

A. 5.1%
B. 6.1%
C. 4.5%
D. 5%

Answer: Option A


Rating agency Crisil on December 2 sharply cut its growth forecast for the current financial year to 5.1 percent from an earlier estimate of 6.3 per cent. Growth in the second half of 2019-20 will go up to 5.5 percent, up from the 4.75 percent in the first half.


Which has become first financial services player to go NCLT for a possible debt resolution?

B. Dewan Housing Finance Corp. Ltd
C. Muthoot Finance Ltd.
D. Ashok Leyland

Answer: Option B


The Reserve Bank of India (RBI) has referred Dewan Housing Finance Corp. Ltd (DHFL) to the National Company Law Tribunal (NCLT) for insolvency proceedings, making it the first financial services player to go NCLT for a possible debt resolution. DHFL has a debt of Rrs.83,873 crore.


India's Q2 GDP growth dips to over 6-year low of how much?

A. 4.5%
B. 4%
C. 4.8%
D. 4.2%

Answer: Option A


India's Q2 GDP growth dips to over 6-yr low of 4.5%; manufacturing weighs. India's GDP growth hit an over six-year low of 4.5 per cent in July-September 2019, dragged mainly by deceleration in manufacturing output and subdued farm sector activity, according to data released on November 29.