Current Affairs - Economy

Exercise : Economy - Latest Current Affairs
  • Economy - Latest Current Affairs
301.
What is the trend of India's Wholesale Price Index (WPI) for the past seven months?
Upward trend
Stable trend
Fluctuating trend
Downward trend
Answer: Option
Explanation:
India's Wholesale Price Index (WPI) recorded a three-month low of minus 0.52% in October, marking the seventh consecutive month of deflation and indicating a downward trend in WPI-based inflation.

302.
What is the forecasted GDP growth for India's economy in both FY24 and FY25, according to Morgan Stanley Research?
6.5%
5.0%
7.0%
8.5%
Answer: Option
Explanation:
Morgan Stanley Research anticipates a robust economic performance for India, projecting a GDP growth of approximately 6.5% in both FY24 and FY25. The positive outlook is attributed to resilient domestic fundamentals, strong corporate and financial sector balance sheets, and the impact of recent policy reforms.

303.
What economic challenge did China face in October despite a surge in imports?
Hyperinflation
Stagnant Growth
Deflation
Inflation
Answer: Option
Explanation:
Despite a surge in imports, China faced deflationary pressures in October, creating challenges for officials aiming to stimulate demand.

304.
What is UBS's revised FY24 real GDP growth estimate for India?
6.1%
6.2%
6.3%
6.4%
Answer: Option
Explanation:
UBS has revised its FY24 real GDP growth estimate for India to 6.3%, up from its previous projection of 6.2%.

305.
How much did India's National Coal Index (NCI) increase in September, marking the first rise since April 2023?
2.45 points
4.12 points
3.83 points
1.99 points
Answer: Option
Explanation:
India's National Coal Index (NCI) saw a notable increase of 3.83 points in September, the first rise since April 2023, influenced by temporary global coal price fluctuations.