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Category: Economics

Current Affairs Economic News

Cabinet approves capital investment subsidy to industrial units located in North Eastern Region (including Sikkim)

December 20, 2017 Shashank Raj Gupta
capital investment subsidy to industrial units located in North Eastern Region (including Sikkim)

Question- Capital Investment Subsidy amounting to how much crore has been approved by Cabinet Committee on Economic Affairs to four industrial units located in North Eastern Region (NER) including Sikkim under Central Capital Investment Subsidy […]

EconomicsEconomics

15th Finance Commission Constituted

December 12, 2017 Devendra Yadav
Constitution of Fifteenth Finance Commission Notified

Question: Recently, the central government formed the 15th Finance Commission under whose chair? (a) Dr. Anup Singh (b) Dr. Ramesh Chand (c) Dr. Raghuram Rajan (d) N. K. Singh Ans: (d) Related facts:- The Central […]

Economics

One rupee note: 100 years complete

December 8, 2017 Devendra Yadav
One rupee note celebrates its 100th birthday

Question: By whom one rupee note is signed? (a) Governor of Reserve Bank (b) Finance Minister (c) Finance Secretary (d) Finance Advisor Answer: (c)  Related Facts: On November 30th, 2017, the currency of one rupee […]

Economics

Largest consumer of agricultural export of Ukraine

December 5, 2017 Devendra Yadav
India becomes biggest consumer of Ukraine agriculture exports

Question: Which country became the largest consumer of agricultural export from Ukraine in the year 2017? (a) Egypt (b) India (c) Netherlands (d) Bangladesh Answer: (b) Related Facts: According to information provided by the Agriculture […]

Economics

Asia’s richest families List-2017

November 28, 2017 Devendra Yadav
Asia’s Richest Families

Question: Which of the following families has topped the list of Asia’s richest families recently released by prestigious American magazine Forbes? (a) Lee family (b) Ambani family (c) Coke family (d) Premji family Answer: (b)  […]

Economics

Constitution of Task Force for drafting a New Direct Tax Legislation

November 25, 2017 Devendra Yadav
Constitution of Task Force for drafting a New Direct Tax Legislation

Question: Recently, under whose chairmanship a Task Force has been set up by the central government in order to review the Income-tax Act, 1961 and to draft a new Direct Tax Law in consonance with […]

Economics

Cabinet approval for setting up of the 15th Finance Commission

November 25, 2017 Devendra Yadav
15thFinance Commission

Question: Recently, the Union Cabinet has approved the setting up of the 15th Finance Commission. Under which article of the Indian Constitution, the Finance Commission is constituted? (a) Article 280 (1) (b) Article 260 (1) […]

Economics

Increase in the number of millionaires in India, 2017

November 25, 2017 Devendra Yadav
Global Wealth Report 2017

Question: According to a report recently released by Credit Suisse, by which rate total family wealth in India is expected to increase to $ 7.1 trillion by 2022? (a) 7.5% (b) 4.6% (c) 7.9% (d) […]

Economics

India Announces Contribution to India-UN Development Partnership Fund

November 24, 2017 Devendra Yadav
India to contribute additional USD 100 million

Question: India has decided to significantly scale up the contribution to the India-UN Development Partnership Fund through a multiyear contribution of- (a) USD 100 million (b) USD 150 million (c) USD 200 million (d) USD […]

Economics

National Anti-profiteering Authority under GST

November 18, 2017 Devendra Yadav
National Anti-profiteering Authority under GST

Question: Union Cabinet has given its approval for the creation of the posts of Chairman and Technical Members of the National Anti-profiteering Authority (NAA) under GST to ensure that the benefits of the reduction in […]

EconomicsEconomics

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