Current Affairs - Economy

Exercise : Economy - Latest Current Affairs
  • Economy - Latest Current Affairs
171.
What is the current share of agriculture in India's Gross Domestic Product (GDP) as per recent government data?
35%
15%
25%
20%
Answer: Option
Explanation:
Recent government data indicates a decline in India's agriculture GDP share from 35% in 1990-91 to 15% in the fiscal year 2022-23, primarily due to the rapid growth of the industrial and service sectors during this period.

172.
Which organization collaborated with the Government of India in signing a $250 million policy-based loan for Industrial Corridor Development?
World Bank
Asian Development Bank
International Monetary Fund
New Development Bank
Answer: Option
Explanation:
The Government of India collaborated with the Asian Development Bank (ADB) in signing a $250 million policy-based loan for Industrial Corridor Development.

173.
What is the revised growth projection by the Asian Development Bank (ADB) for India in the financial year FY24?
6.2%
6.7%
7.2%
7.6%
Answer: Option
Explanation:
The Asian Development Bank (ADB) has increased India's growth projection for FY24 to 6.7%, attributing it to a robust 7.6% GDP growth in the second quarter, surpassing expectations.

174.
Which Indian state's delegation is heading to Switzerland for the World Economic Forum to showcase its vision of becoming a trillion-dollar economy?
Uttar Pradesh
Maharashtra
Karnataka
Tamil Nadu
Answer: Option
Explanation:
A high-level delegation from Uttar Pradesh is set to participate in the World Economic Forum meeting in Switzerland, scheduled from January 15 to 19. The delegation aims to showcase the state’s strides towards becoming a trillion-dollar economy and transforming metropolitan towns into focal points across various sectors.

175.
In the global ranking of startup funding, where does India stand after facing a funding setback in 2023?
1st
2nd
3rd
4th
Answer: Option
Explanation:
India slipped to the fourth position in the global ranking of startup funding in 2023, experiencing a significant downturn with only $7 billion in total funding, after holding the third spot in both 2021 and 2022.