Current Affairs - Economy

Exercise : Economy - Latest Current Affairs
  • Economy - Latest Current Affairs
361.
How many trillion rupees did the Union Government release as the third tranche of tax devolution to states?
1.4 trillion
1.3 trillion
1.2 trillion
1.1 trillion
Answer: Option
Explanation:
The Union Government released a total of ₹1.2 trillion as the third tranche of tax devolution to the states. This allocation of funds aims to support the financial requirements of the state governments. The Ministry of Finance made this announcement.

362.
Which country has become the fourth-largest investor in India?
Canada
Singapore
USA
UAE
Answer: Option
Explanation:
Foreign investment from the UAE has tripled to $3.35 billion from $1.03 billion in 2021-22. Singapore remains the largest foreign investor in India, followed by Mauritius and the USA.

363.
Global Alliance for Mass Entrepreneurship (GAME) and which organization have joined hands to introduce the NBFC Growth Accelerator Program (NGAP)?
SEBI
SIDBI
IRDAI
RBI
Answer: Option
Explanation:
Global Alliance for Mass Entrepreneurship (GAME) and the Small Industries Development Bank of India (SIDBI) have joined forces to introduce the NBFC Growth Accelerator Program (NGAP).

364.
Which company has obtained regulatory approval from IRDAI to initiate its life insurance operations in India?
GO Digit Life Insurance Limited
Acko General Insurance Limited
Aditya Birla General Insurance
Bajaj Allianz General Insurance Company Limited
Answer: Option
Explanation:
GO Digit Life Insurance Limited, backed by Canada-based Fairfax Group and already operating in the general insurance sector, has received regulatory approval from the Insurance Regulatory and Development Authority of India (IRDAI) to commence its life insurance business in India.

365.
What is the total outlay of the third revival package for BSNL?
89,047 Crore Rupees
90,457 Crore Rupees
56,789 Crore Rupees
50,670 Crore Rupees
Answer: Option
Explanation:
The Union Cabinet has approved the third revival package for BSNL with a total outlay of 89,047 crore rupees, which includes the allotment of the 4G/5G spectrum through equity infusion.