Current Affairs - Economy

Exercise :: Economy - Latest Current Affairs

  • Economy - Latest Current Affairs
51. 

According to India Ratings and Research, what is the GDP growth of India for 2019-20?

A. 7.2%
B. 6.8%
C. 6.5%
D. 6.7%

Answer: Option D

Explanation:

India Ratings and Research has revised its projection of the India's GDP growth in financial year 2019-20 to 6.7%. It has reduced the GDP growth rate from 7.3% to 6.7%. It expects GDP growth to recover to 7.4% in the second half of financial year 2019-20.

52. 

What is the maximum limit of the entity, for whom the Corporate tax rate will be gradually cut to 25%?

A. Rs 100 crore
B. Rs 200 crore
C. Rs 400 crore
D. Rs 500 crore

Answer: Option C

Explanation:

Corporate tax rate for companies with over Rs 400 crore turnover will be gradually cut to 25% and the government will support wealth creators.

53. 

SEBI announces reward of __________ crore cash for the new 'Informant Mechanism' under its Prohibition of Insider Trading (PIT) Regulations.

A. Rs 2.5 cr
B. Rs 1.2 cr
C. Rs 1 cr
D. Rs 2 cr

Answer: Option C

Explanation:

The Securities and Exchange Board of India (SEBI) announced a new mechanism to reward informants with up to Rs 1 crore cash through a specially created hotline SEBI's board approved a detailed set of rules for the new 'Informant Mechanism' under its Prohibition of Insider Trading (PIT) Regulations. The benefits available to individuals and corporates, and professionals like auditors will not be able to use this route as they are duty-bound to report any wrongdoing.

54. 

How much amount will be invested in Infrastructure building by the government of India?

A. Rs 75 lakh cr
B. Rs 50 lakh cr
C. Rs 100 lakh cr
D. Rs 10 lakh cr

Answer: Option C

Explanation:

Government to invest Rs 100 lakh cr in infrastructure building. One nation, one constitution spirit has become a reality after scrapping of provisions of Article 370. There is a 'huge' scope for improvement in the tourism sector and everyone should visit at least 15 tourist destinations within India by 2022. India can become a 5 trillion dollar economy in the next 5 years.

55. 

As per Pradhan Mantri Kisan Maan-Dhan Yojana (PM-KMY), how much amount will be provided to eligible farmers on attaining the age of 60?

A. Rs 3000
B. Rs 4000
C. Rs 5000
D. Rs 2000

Answer: Option A

Explanation:

The Union Government has recently started registration for the Pradhan Mantri Kisan Maan-Dhan Yojana (PM-KMY) with an aim to improve the life of Small and Marginal Farmers of the country. This scheme for farmers has been announced in the Union Budget 2019-20. The scheme is voluntary and contributory for farmers in the entry age group of 18 to 40 years and a monthly pension of Rs. 3000/- will be provided to them on attaining the age of 60 years. The farmers will have to make a monthly contribution of Rs.55 to Rs.200, depending on their age of entry, in the Pension Fund till they reach the retirement date i.e. the age of 60 years. The Central Government will also make an equal contribution of the same amount in the pension fund. The spouse is also eligible to get a separate pension of Rs.3000/- upon making separate contributions to the Fund.