Current Affairs - Economy
Exercise : Economy - Latest Current Affairs
- Economy - Latest Current Affairs
246.
What percentage of stake is the Indian government planning to divest in NLC India?
Answer: Option
Explanation:
The Indian government aims to divest a 7% stake in NLC India through an Offer for Sale (OFS) route, intending to raise approximately Rs 2,100 crore. This move aligns with the government's disinvestment strategy to mobilize funds and meet fiscal targets.
Date : 2024-03-07
247.
What was the Purchasing Managers’ Index (PMI) for India’s services sector in February?
Answer: Option
Explanation:
The PMI for India's services sector dropped to 60.6 in February, indicating a slight moderation in growth compared to January's figure of 61.8. However, it remained well above the neutral mark of 50.0, reflecting a sharp rate of expansion.
Date : 2024-03-06
248.
What is Moody’s upgraded GDP growth forecast for India in 2024?
Answer: Option
Explanation:
Moody's has upgraded India's GDP growth forecast for 2024 to "6.8%". This revision is attributed to India's status as the fastest-growing economy among G20 nations, stable inflation rates, and policy continuity, all of which contribute to its positive economic outlook.
Date : 2024-03-05
249.
What was the value of India's forex reserves at the end of February 2024, as reported by the Reserve Bank of India?
Answer: Option
Explanation:
India's forex reserves surged to $619 billion, with a notable increase of $2.975 billion reported by the Reserve Bank of India for the week ending February 23. This increase was primarily driven by rises in Foreign Currency Assets (FCA) and gold reserves.
Date : 2024-03-02
250.
What was India's Manufacturing PMI in February?
Answer: Option
Explanation:
India's Manufacturing PMI for February reached 56.9, marking its highest level in five months. This indicates robust growth in the manufacturing sector, extending its expansion streak for the 32nd consecutive month.
Date : 2024-03-02
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