Current Affairs - Economy

Exercise :: Economy - Latest Current Affairs

  • Economy - Latest Current Affairs
61. 

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.

62. 

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.

63. 

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.

64. 

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.

65. 

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%.