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Category: Economics

Current Affairs Economic News

National Digital Financial Infrastructure (NADI)

May 27, 2021May 27, 2021 Shashank Raj Gupta
National Digital Financial Infrastructure (NADI)

Question: Which organization is building a next-generation Digital Financial Infrastructure named National Digital Financial Infrastructure (NADI)?(a) RBI(b) SBI(c) NABARD(d) IDRBTAnswer: (d)Related facts: The Institute for Development and Research in Banking Technology (IDRBT) is building a […]

EconomicsEconomics

HDFC Bank cuts FY22 growth projection

May 27, 2021May 27, 2021 Shashank Raj Gupta
HDFC Bank cuts FY22 growth projection

Question: What is the GDP Growth rate of India as forecasted by HDFC Bank for the fiscal year 2021-2022?(a) 9.2 percent(b) 10 percent(c) 8.6 percent(d) 11.2 percentAnswer: (b)Related facts: HDFC Bank has revised India’s GDP […]

EconomicsEconomics

Care Ratings Projects Forecasts India’s GDP Growth Rate for FY22

May 27, 2021May 27, 2021 Shashank Raj Gupta
Care Ratings Projects Forecasts India’s GDP Growth Rate for FY22

Question: What is the GDP Growth rate of India as forecasted by Care Ratings for the fiscal year 2021-2022?(a) 9.2 percent(b) 10.2 percent(c) 8.6 percent(d) 11.2 percentAnswer: (a)Related facts: The domestic rating agency, Care Ratings, […]

EconomicsEconomics

Global COVAX alliance

May 24, 2021May 24, 2021 Shashank Raj Gupta
Global COVAX alliance

Question: In May 2021, which Indian state government announced to join the global ‘Covacx’ facility in view of shortage of Covid-19 vaccines ?(a) Chhattisgarh(b) Punjab(c) Maharashtra(d) RajasthanAnswer – (b)Related facts In May 2021, the Punjab […]

EconomicsEconomics

Formation of advisory group to support RRA 2.0

May 24, 2021May 24, 2021 Shashank Raj Gupta
Formation of advisory group to support RRA 2.0

Question: In May 2021, RBI constituted an advisory group under whose chairmanship to assist the Second Regulatory Review Authority (RRA 2.0)?(a) Gautam Thakur(b) Subar Saha(c) S. Janakiraman(d) Ravi DuvuruAnswer – (c)Related facts In May 2021, […]

EconomicsEconomics

India’s first FPI licence to GIFT AIF

May 24, 2021May 24, 2021 Shashank Raj Gupta
India's first FPI licence to GIFT AIF

Question : Which bank has recently(May 2021) issued India’s first FPI licence to GIFT AIF ?(a)Kotak Mahindra Bank (b) Axis Bank(c)CSB Bank(d)None of the aboveAnswer : (a)Related facts Kotak Mahindra Bank has recently (May 2021) […]

EconomicsEconomics

UNCTA’s observation : India, China and South Africa fared ‘relatively better’ than other major economies during Q1 of 2021

May 24, 2021May 24, 2021 Shashank Raj Gupta
UNCTA's observation India, China and South Africa fared 'relatively better' than other major economies during Q1 of 2021

Question – UNCTAD’s Global trade Update released on May, 2021. Accordingly, which one of the following statement is correct ?(a) India’s goods export grew 26% in Q1 of 2021(b) India’s goods export grew 16% in […]

EconomicsEconomics

Second largest insurance-technology market in Asia-Pacific

May 24, 2021May 24, 2021 Shashank Raj Gupta
Second largest insurance-technology market in Asia-Pacific

Question : Which country recently (May 2021) became Second largest insurance-technology market in Asia-Pacific ?(a)India (b)Malaysia(c)Singapore(d)None of the aboveAnswer : (a)Related facts According to S&P Global Market Intelligence data, India is the second largest insurance-technology […]

EconomicsEconomics

INDIA’S FOREIGN TRADE: April 2021

May 21, 2021May 21, 2021 Shashank Raj Gupta
INDIA’S FOREIGN TRADE April 2021

Question : Ministry of Commerce & Industry has recently released India’s foreign trade data of April 2021. Accordingly, which of the following fact is correct ? India’s exports jump to $30.63 bn in April Non-petroleum […]

EconomicsEconomics

Cancellation of licence of United Cooperative Bank

May 21, 2021May 21, 2021 Shashank Raj Gupta
Cancellation of licence of United Cooperative Bank

Question : On which date Rbi cancelled the licence of United Co-operative Bank ?(a) 13 May 2021(b) 11 May 2021(c) 10 May 2021(d) 9 May 2021Ans.(a)Related facts The Reserve Bank of India has recently cancelled […]

EconomicsEconomics

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