Current Affairs - Economy

Exercise :: Economy - Latest Current Affairs

  • Economy - Latest Current Affairs
46. 

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

A. SBI
B. AXIS
C. ICICI
D. HDFC

Answer: Option D

Explanation:

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.

47. 

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

Explanation:

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.

48. 

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

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

Answer: Option B

Explanation:

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.

49. 

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

Explanation:

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.

50. 

Which of the following launched the Aerospace and Defence Industry Group?

A. Indo Greek Business Council
B. China India Business Council
C. UK India Business Council
D. UK ASEAN Business Council

Answer: Option C

Explanation:

The UK India Business Council (UKIBC) on November 29 announced the establishment of the Aerospace and Defence Industry Group to boost bilateral cooperation in the areas. It stated that in 2019, a memorandum of understanding on 'defence technology industrial capability cooperation' was signed between the UK and India which highlighted the UK government's approach towards enhancing cooperation with India, and the defence vertical is an example of how this cooperation is being taken to a new level.