Exercise :: National - Latest Current Affairs
- National - Latest Current Affairs
| 1. | Government of India and ADB signed __________ Loan Agreement in New Delhi for Assam. |
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Answer: Option B Explanation: The Asian Development Bank (ADB) and the Government of India signed a $60 Million Loan Agreement in New Delhi to continue financing riverbank protection works, renovation of flood embankments, and community-based flood risk management activities in critically flood-prone areas along the Brahmaputra River in Assam. The Tranche 2 loan is part of the $120 million multi-tranche financing facility (MFF) for the Assam Integrated Flood and Riverbank Erosion Risk Management Investment Program approved by the ADB Board in October 2010.
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| 2. | Which of the following country is the world's top recipient of remittances in 2018? |
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Answer: Option A Explanation: India will retain its position as the world's top recipient of remittances in 2018 with its diaspora sending a whopping USD 80 billion back home, according to the World Bank report. India is followed by China (USD 67 billion), Mexico and the Philippines (USD 34 billion each) and Egypt (USD 26 billion), according to the global lender. The Bank estimates that officially-recorded remittances to developing countries will increase by 10.8% to reach USD 528 billion in 2018.
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| 3. | According to EY FinTech Adoption Index, what is the position of India? |
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Answer: Option B Explanation: According to EY FinTech Adoption Index, India has the second highest FinTech adoption rate among digitally active consumers at 52percent, only second to China at 69 percent. Usage is significantly high in large cities with a 66 percent adoption rate followed by 51 percent usage and adoption in small and medium cities. In India, fintech industry is being encouraged by the various government initiatives such as Jan Dhan Yojana, Aadhaar and the emergence of UPI which provide a good foundation to boost financial inclusion in India. Rural India lags at 33 percent. Money transfers and payments services leading the charge in India with adoption standing at 72 percent. Insurance is the next popular category with an adoption rate of 47 per cent, much higher than the global average of 24 per cent.
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| 4. | Which country to Chair Kimberley Process From January 2019? |
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Answer: Option A Explanation: The Geological Survey of India has been made the sole custodian and curator of all meteorites within the Indian boundary. India will chair the Kimberley Process from January 2019. National Projects Construction Corporation (NPCC) Limited has been conferred with the status of 'Miniratna' by the Government of India.
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| 5. | According to the report by Bain & Company, which of the following country is the fastest growing e-commerce market? |
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Answer: Option C Explanation: According to the report, India's online retail market had a Compound Annual Growth Rate (CAGR) of 53% from 2013 to 2017. This rapid growth is due to heavily discount-driven e-commerce marketplaces, improvement in delivery infrastructure and increased smartphone penetration and data usage. India's total e-commerce retail sales in 2017 were nearly $20 billion. As per the studies, another $50 billion of online e-commerce could be introduced by adding new users and bringing back the currently inactive old users. India was in 8th rank in terms of online retail penetration among 11 countries.
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