Current Affairs - Economy

Exercise :: Economy - Latest Current Affairs

  • Economy - Latest Current Affairs
36. 

"South Asia Economic Focus, Fall 2019: Making (De) centralization Work", has been released by which of the following organizations?

A. IMF
B. World Bank
C. WEF
D. BIS

Answer: Option B

Explanation:

World Bank (WB) in its report, "South Asia Economic Focus, Fall 2019 : Making (De)centralization Work", has lowered India's growth forecast to 6% for 2019 for the second consecutive year ,after a wide decline in the initial quarters.

37. 

Who among the following persons is the head of the committee formed by IRDAI to set regulations related to reinsurance?

A. Sumitra Mahajan
B. T R Alamelu
C. C B Singh
D. Nitish Bhattacharya

Answer: Option B

Explanation:

The Insurance Regulatory and Development Authority of India has constituted 9-member panel headed by TR Alamelu, to have a look at the set of regulations, circulars and guidelines on Reinsurance and Foreign Reinsurance Branches.

38. 

What is the latest GDP growth estimate of India by India Ratings and Research for the fiscal 2019-20?

A. 6.3%
B. 6.9%
C. 6.6%
D. 6.1%

Answer: Option D

Explanation:

The latest GDP growth estimate of India by India Ratings and Research for the fiscal 2019-20 is 6.1%.

39. 

Which of the following represents the total amount of Indian foreign reserve at present?

A. US$ 432.88
B. US$ 437.83
C. US$ 456.32
D. US$ 422.23

Answer: Option B

Explanation:

India's foreign exchange reserves reached to US$ 4.24 billion to US$ 437.83 billion in the week ended October 4.

40. 

Which of the followings is the recent decline in Industrial production in August 2019?

A. 5.6%
B. 1.1%
C. 2.3%
D. 4.2%

Answer: Option B

Explanation:

Industrial production declines 1.1% in August 2019, lowest growth in seven years.