Current Affairs - Economy

Exercise : Economy - Latest Current Affairs
  • Economy - Latest Current Affairs
266.
Which country ranked first in global remittance charts in 2023?
Mexico
China
Philippines
India
Answer: Option
Explanation:
According to the World Bank's Migration and Development Brief, India secured the top position in global remittances in 2023, with a total of USD 125 billion, reflecting a significant financial contribution from its diaspora.

267.
Which Indian state has retained the 'Achiever' status in the Logistics Ease Across Different States (LEADS) 2023 rankings?
Tamil Nadu
Andhra Pradesh
Maharashtra
Gujarat
Answer: Option
Explanation:
Tamil Nadu has secured the 'Achiever' status in the LEADS 2023 rankings, highlighting its impressive performance in the export-import ecosystem for the second consecutive time.

268.
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.

269.
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.

270.
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.