Current Affairs - Economy

Exercise :: Economy - Latest Current Affairs

  • Economy - Latest Current Affairs
51. 

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.

52. 

Which e-commerce platform will open pop-up store on China's Pinduoduo until year-end?

A. Alibaba
B. Otto
C. eBay
D. Amazon

Answer: Option D

Explanation:

Amazon.com Inc will open a pop-up store on Chinese e-commerce platform Pinduoduo Inc that will run until the end of December and carry a selection of about 1,000 products from overseas.

53. 

According to the Chit Funds (Amendment) Bill, 2019, what is the maximum commission for a person managing the fund?

A. 3%
B. 5%
C. 7%
D. 9%

Answer: Option C

Explanation:

The Chit Funds (Amendment) Bill, 2019 was passed by the Lok Sabha on November 20, 2019. The Bill raises the monetary limits for chit funds by three times. The maximum chit amount raised from Rs 1 lakh to Rs 3 lakh for those managed by individuals or less than four partners, and from Rs 6 lakh to Rs 18 lakh for firms with four or more partners. The maximum commission for the person managing the fund raised to 7% from the current 5%.

54. 

What is the estimated cost for the Census 2021?

A. Rs. 7,300 crores
B. Rs. 5,754 crores
C. Rs. 8,754 crores
D. Rs. 6,650 crores

Answer: Option C

Explanation:

The Expenditure Finance Committee (EFC) has estimated the cost for the Census 2021 to be around Rs.8,754 crore. The nationwide exercise will be conducted in 16 languages. Upon the suggestions of the Technical Advisory Committee, certain changes have been made in the questionnaire. The reference date for the census will be on 1 March 2021.

55. 

Which e-commerce company has launched 'MarQ TurboStream' streaming stick?

A. Amazon
B. Paytm
C. Myntra
D. Flipkart

Answer: Option D

Explanation:

Flipkart has launched a streaming stick under its private brand 'MarQ' by Flipkart, foraying into a segment that is rapidly gaining traction with Indian consumers, starting at Rs. 3,499.