Current Affairs - Economy

Exercise : Economy - Latest Current Affairs
  • Economy - Latest Current Affairs
311.
What percentage of the full-year target has India's fiscal deficit reached by August 2023-24?
36%
32%
40%
45%
Answer: Option
Explanation:
India's fiscal deficit has reached 36% of the full-year target by August-end 2023-24, standing at Rs 6.42 lakh crore. This means that the government has already borrowed 36% of the amount it plans to borrow for the entire fiscal year.

312.
What was the growth rate of India's core sector in August 2023?
11.2%
12.1%
13.4%
14.3%
Answer: Option
Explanation:
India's core sector achieved a 12.1% growth in August, a 14-month high, driven by sectors like cement, coal, and electricity.

313.
Which currency has emerged as the best-performing currency of the September quarter in 2023?
US Dollar
Euro
Japanese Yen
Afghani
Answer: Option
Explanation:
The Afghani has emerged as the best-performing currency of the September quarter in 2023.

314.
Which bank's license recently was cancelled by the Reserve Bank of India (RBI) due to concerns regarding its inadequate capital?
Punjab & Maharashtra Cooperative Bank
Kapol Co-operative Bank
Kangra Cooperative Bank Ltd.
Saraswat Cooperative Bank Ltd.
Answer: Option
Explanation:
The Reserve Bank of India (RBI) cancelled the license of The Kapol Co-operative Bank Limited on September 25, 2023, due to concerns regarding its inadequate capital and earning prospects.

315.
What is India's growth forecast for the current fiscal year (FY24) according to S&P Global Ratings?
5.6%
6.0%
7.5%
6.2%
Answer: Option
Explanation:
S&P Global Ratings has reaffirmed India's growth forecast for the current fiscal year (FY24) at 6 percent.