Current Affairs - Economy

Exercise :: Economy - Latest Current Affairs

  • Economy - Latest Current Affairs
31. 

What is India's GDP growth for 2020-21 (FY21) following the expansion of the lockdown predicted by American multinational financial services company Goldman Sachs Group?

A. -0.4%
B. -1.4%
C. -2.4%
D. -3.4%

Answer: Option A

Explanation:

American multinational financial services company Goldman Sachs Group, Inc. has predicted India's GDP (Gross domestic product) growth for 2020-21 (FY21) at -0.4% following the expansion of the lockdown.

32. 

What is India's GDP growth for 2020-21 (FY21) predicted by Japanese brokerage firm Nomura Holdings?

A. -5.2%
B. -3.2%
C. -2.2%
D. -1.2%

Answer: Option A

Explanation:

Japanese brokerage firm Nomura Holdings, Inc. has also lowered India's FY21 GDP growth forecast to -5.2% from -0.4% predicted earlier.

33. 

The Central Board of Direct Taxes (CBDT) stated that it has already issued over 10.2 lakh refunds totalling to how much money as of 14 April 2020?

A. Rs.3,250 crore
B. Rs.4,250 crore
C. Rs.5,250 crore
D. Rs.6,250 crore

Answer: Option B

Explanation:

The Central Board of Direct Taxes (CBDT) stated that it has already issued over 10.2 lakh refunds totalling to around Rs.4,250 crore as of 14 April 2020. The move is in pursuance to the Government of India's decision to issue pending income tax refunds up to Rs.5 lakh in order to help taxpayers in a COVID-19 pandemic situation, on 8 April.

34. 

What is India's growth rate in 2020 as per IMF?

A. 2.9%
B. 4.9%
C. 3.9%
D. 1.9%

Answer: Option D

Explanation:

IMF projects India's growth rate at 1.9% in 2020, 7.4% in 2021

35. 

The country's foreign exchange reserves declined by USD 902 million to how much dollars in the week to April 3 due to a fall in foreign currency assets?

A. USD 574.66 billion
B. USD 474.66 billion
C. USD 774.66 billion
D. USD 674.66 billion

Answer: Option B

Explanation:

The country's foreign exchange reserves declined by USD 902 million to USD 474.66 billion in the week to April 3 due to a fall in foreign currency assets, according to the latest data from the Reserve Bank of India.