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This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your knowledge and support exam preparation. Choose a topic below to get started.
| 101. |
According to the report of United Nations' World Economic Situation and Prospects (WESP) 2019, what will be the growth rate of India for in 2019-20? |
| Answer» With robust private consumption and 7.4% GDP growth rate in the current fiscal, the Indian economy is expected to accelerate at a rate of 7.6% in 2019-20, according to a report by the United Nations titled United Nation's World Economic Situation and Prospects (WESP) 2019. As per the report, the world trade growth moderated over the course of 2018 to 3.8% from growth of 5.3% in 2017. | |
| 102. |
Union Minister for Minority Affairs Mukhtar Abbas Naqvi stated that the GST on Haj reduced from 18% to __________. |
| Answer» Union Minister for Minority Affairs Mukhtar Abbas Naqvi stated that GST on Haj has been reduced from 18% to 5% and this will significantly lower the airfare thus saving Haj pilgrims' 113 crore rupees this year. Mr. Naqvi also stated that for the first time since the independence 2,340 women from India will go on 2019 Haj without Mehram. | |
| 103. |
How much will be allotted under the Pradhanmantri Kisan Samman Nidhi Yojna as per the union Budget 2019? |
| Answer» The Union Minister Piyush Goyal announced various schemes in the Interim Union Budget 2019-20 on February 1, 2019. Government announced fixed yearly income for small and marginal farmers under Pradhanmantri Kisan Samman Nidhi Yojna. This scheme will benefit about 12 crore farmers who have 2 Hectare land. Rupee 6000 per year direct cash transfer in their account. Cash transfer will be given in three equal installments of Rs 2000 each. The benefit under this yojna will be given retrospectively from December 2018. Rs. 75000 crore allotted for this scheme. It is expected to double the farmers income. | |
| 104. |
Which city is the venue of the ICT Academy Bridge 2019 conference? |
| Answer» In Tamil Nadu, the 37th edition of the ICT Academy Bridge 2019 conference was held in Chennai with theme "Fostering India for Industry 4.0". | |
| 105. |
What is the new GST Recommended by Government Panel for under-construction residential properties? |
| Answer» Government panel recommended lowering GST on under-construction residential properties to 5%. The GST rate for under-construction flats earlier was 12%.The Group of Ministers headed by Nithin Patel was formed to analyse tax rates and issues or challenges being faced by the real estate sector under the Goods and Services Tax (GST) regime.The seven member ministerial panel also favoured lowering GST on affordable housing from 8% earlier to 3%.The move will give relief to homebuyers as the tax rate had lowered sharply with no input tax credit. Any cut in GST should reduce the adverse impact on the land abatement rate also. | |
| 106. |
In which City does Prime Minister Narendra Modi launched laid foundation stone of Defence Corridor? |
| Answer» PM Modi on his visit to Jhansi laid foundation stone of Defence Corridor which will create a lot of direct and indirect employment to the youth in the region. Government decided to establish 2 defence corridors in the country, one at Tamil Nadu and the other in Uttar Pradesh. Jhansi is one among six nodal points of the UP defence corridors.The Defence Corridor will make India independent in defence production. The project will also attract many foreign and domestic Defence related companies to invest in the region. | |
| 107. |
India has boosted the Customs Duty on all the goods imported from Pakistan to how much percent? |
| Answer» India with immediate effect has boosted the Customs Duty on all the goods imported from Pakistan to 200% followed by the day after India repealed Most Favoured Nation (MFN) status from Pakistan. This punitory move followed by the Pulwana Terrorist attack that led to the death of 42 CRPF (Central Reserve Police Force). This step is likely to strike Pakistan's exports to India which were $381 million in the April-Nov period and for overall FY18, it was $489 million. This 200% tariff rate is higher than the average bound rate of 113.5% for agriculture products and 34.6% for non-agriculture products. The MFN applied rates are 32.8% and 10.7%, respectively for farm and non-farm products. | |
| 108. |
CM Fadnavis approves Rs __________ for the memorial of Krantikari Khajyaji Naik in Maharashtra. |
| Answer» Swargate Multimodal Hub' in Pune, Maharashtra CM Devendra Fadnavis arrived at Jalgaon, attending the Jan Jati Sammelan organised by Krantikari Khajyaji Naik Smruti Sanstha at Dharangaon. Kranti Kari Khajyaji Naik gave immense contribution during the freedom struggle. CM Fadnavis approves Rs 15 crores for the memorial of Krantikari Khajyaji Naik in Maharashtra. | |
| 109. |
GST on under construction flats cut from 12 percent to __________ %. |
| Answer» Under construction properties priced over ₹45 lakh will attract 5% GST (Goods and Services Tax), instead of 12%. A residential property priced at ₹45 lakh or below will now be defined as "affordable" and taxed at 1%, from 8% earlier. The new rates will be effective from April 1, 2019. | |
| 110. |
According to Moody's, Indian economy is expected to grow at __________ percent in 2019-2020. |
| Answer» According to Moody's, Indian economy is expected to grow at 7.3 percent in the calendar year 2019 and 2020, and the government spending announced ahead of elections this year which will support near-term growth. Moody's stated in its quarterly Global Macro Outlook for 2019 and 2020. In 2018-19 fiscal, ending March 2019, Indian economy is estimated to have grown 7 percent, lower than 7.2 percent in 2017-18. | |
| 111. |
Recently, the cerntral gvernment has announced a new coin with which of the denomination in 12-edged polygon shape? |
| Answer» The Centre has announced a new Rs 20 coin which will come in 12-edged polygon (dodecagon) shape. The government is also planning to release new coins of Re 1, Rs 2, Rs 5 and Rs 10. However, the govt has not announced the exact date for the issuance of these new series coins. The Finance Ministry stated that the new Rs 20 coin will be made in copper, zinc and nickel. It will be 27mm (millimeters) and weigh 8.54 grams. The Lion Capitol symbol of Ashoka Pillar with the legend "Satyamev Jayate" below it will be inscribed on its front side. The words "Bharat" in Hindi and "INDIA" in English will be there on the right and left-hand side of the symbol respectively. | |
| 112. |
The CCEA has approved Rs __________ crore interest subvention for extending loans by banks to sugar mills. |
| Answer» The CCEA has approved Rs 2,790 crore interest subvention for extending loans by banks to sugar mills. This is in addition to Rs 1,332 crore already approved by the Cabinet Committee on Economic Affairs (CCEA) in June 2018. The interest subvention is for extending loans of Rs 12,900 crore by banks to sugar mills under the scheme for extending financial assistance to sugar mills for enhancement and augmentation of ethanol production capacity. | |
| 113. |
What is the new rate slashed by GST Council for construction flats during its 34thGST Council? |
| Answer» Union Finance Minister Arun Jaitley chaired 34th meeting of the Goods and Services Tax Council in New Delhi. It discussed the operational details for implementation of the recommendations made by the 33rd meeting of the council. The tax rate for under construction flats slashed to 5% and affordable homes to 1% without input tax credit (ITC) by the GST Council. Currently 12% GST is levied with input tax credit on payments made for under construction properties. It will be effective from April 1st. The council approved transition plan for new tax rates on residential properties. The developers of under construction buildings may either opt to shift to the revised lower rates without input tax credit or stick on to the previous rates.For housing projects launched after April 1st, the developers need to follow the new GST rates recommended by the Council. As per the council the changes will boost the real estate selling and ensure the rate cut benefits on to the middle class home buyers. | |
| 114. |
Fitch Cuts India GDP Growth Forecast for FY20 is __________. |
| Answer» Fitch Ratings cut India's economic growth forecast for the next financial year starting April 1, to 6.8% from its previous estimate of 7%, on weaker than expected momentum in the economy. The rating agency also cut growth forecasts for FY20 and FY21 to 7% from 7.3% and 7.1% from 7.3%, respectively. | |
| 115. |
What is the Current account deficit (CAD) of India in the 3rd quarter of the year 2019? |
| Answer» Current account deficit (CAD) of India has widened to 2.5% of GDP in the 3rd quarter of the current fiscal year primarily on account of a higher trade deficit though the foreign exchange reserves which continued to soar. Current account deficit has been widened merely 0.4% from 2.1%, a year ago. The CAD had moderated to USD 19.1 billion or 2.9 per cent of GDP in the preceding quarter. | |
| 116. |
According to Asian Development Outlook report, India's Growth Rate in 2019 is __________. |
| Answer» The Asian Development Bank downgraded economic growth forecasts for India and Southeast Asia for 2019 as global risks from trade tensions to Brexit mount. According to the ADB's latest Asian Development Outlook report, gross domestic product in India will probably increase by 7.2 % in 2019, down from a December forecast of 7.6%. | |
| 117. |
Who has reduced the UPI transaction charges from 25 paise to 10 paise up to Rs.1,000? |
| Answer» For promoting the adoption of Unified Payments Interface (UPI), the National Payments Corporation of India (NPCI) has reduced the transaction fees up to Rs 1,000 by 60%. For UPI transactions up to Rs.1,000, the charge has been cut to 10 paise from 25 paise, and for transactions above Rs.1,000 has been retained at 50 paise. This will help the service provider banks, third-party applications and at the same time will also help the consumers in the long run as more cash backs and incentives can get offered. At present Google Pay, Paytm and PhonePe are aggressively promoting UPI by offering case back and other benefits. | |
| 118. |
What is the GDP growth rate of India as per the report of World Bank? |
| Answer» As per the World Bank, India's GDP growth is expected to accelerate moderately to 7.5% in Fiscal Year 19-20, driven by continued investment strengthening, particularly private-improved export performance and resilient consumption. The real GDP growth is estimated at 7.2% in FY18/19, the World Bank said in its latest report on South Asia ahead of the spring meeting of the World Bank and the International Monetary Fund. | |
| 119. |
IMF Cuts India's GDP Growth Forecast is __________. |
| Answer» The International Monetary Fund (IMF) cut its economic growth forecasts for India by 20 basis points (bps) each from its January predictions to 7.3% for FY20 and 7.5% for the next fiscal. Citing persistent risks from the trade war, it lowered 2019 global growth forecast by 20 basis points to 3.3%, the weakest since 2009 when the subprime crisis had flared up. | |
| 120. |
Union government retained the interest rate for General Provident Fund (GPF) at ___________ % for the first quarter of the current financial year 2019-2020. |
| Answer» Union government retained the interest rate for General Provident Fund (GPF), Contributory Provident Fund and other related schemes at 8% for the first quarter of the current financial year 2019-2020. The interest rate on these funds was at 8% in the January-March quarter of 2018-19 and government kept it unchanged for April to June for 2019-20. The Department of Economic Affairs, in a notification, the mentioned interest rate will be applicable on provident funds of central government employees, railways and defence forces. | |
| 121. |
Indian Government granted Rs __________ to build maternity hospital in Nepal's Siraha district. |
| Answer» The Chandra Narayan Yadav Memorial Maternity Hospital built on an Indian grant of Nepalese Rupees 26.90 million, was inaugurated by Ambassador of India to Nepal, Manjeev Singh Puri. The hospital has been built under the Government of India's Small Development Projects Scheme. The hospital is being run by the Chandra Narayan Yadav Memorial Trust under the principle of no profit/no loss basis. The 25-bedded maternity hospital will provide maternity and health care services to the people of 50 village development committees (VDC) in and around the district of Siraha. The hospital is equipped with ultrasound facilities, a blood bank, an emergency room, ICU, CCU, major OT, a minor OT, and other basic facilities. | |
| 122. |
Which stock market overtakes Japan to become world's 3rd largest according to Bloomberg? |
| Answer» Stock market of Hong Kong has surpassed Japan to become the world's third most valuable market. Now Hong Kong's stock market is behind the US and China. Hong Kong's market value stood at $5.78 trillion, surpassing Japan's market value at $5.76 trillion tally for the first time since 2015. Hong Kong's Hang Seng Index has increased by 17 percent this year. Topix Index of Japan advanced at 8.3 percent in this period. | |
| 123. |
How much percent of life insurer's premium income was grown for the year 2019, as per Insurance Regulatory and Development Authority of India (IRDAI)? |
| Answer» According to the Insurance Regulatory and Development Authority of India (IRDAI) data, after a very low growth phase, life and non-life premium income of insurance companies have registered substantial growth in financial year 2019. Life insurer's premium income grew 11% in FY19 over 2018 and non-life insurance firms witnessed a 13% rise in their total premium income to Rs 1.70 lakh crore in the financial year ended March 2019. 25 are general insurers: whose collective gross premium in 2018-19 was Rs 1.50 lakh crore, up by around 13% from Rs 1.33 lakh crore in 2018. 7 are standalone private sector insurers: they had a rise of 37% in their combined premium to Rs 11,368.82 crore in the financial year ended March 2019, against Rs 8,314.27 crore in 2018. 2 are government-owned specialised insurers: among them, Agricultural Insurance Company of India and ECGC Ltd registered a dip of 7.75% in premium at Rs 8,425.75 crore during the fiscal ended March 2019, as against Rs 9,133.78 crore in 2018. | |
| 124. |
What is the revised interest rate of Employee's Provident Fund (EPF) for 2018-19? |
| Answer» The Department of Financial Services, a wing of the Ministry of Finance, has approved an Employee's Provident Fund (EPF) interest rate hike of 10 basis point to 8.65 percent for 2018-19, as decided by the retirement fund body Employee's Provident Fund Organisation (EPFO). This move will benefit more than 6 crores formal sector workers. Earlier in 2017-18, the interest rate on EPF was 8.55 percent.In February 2019, the EPFO's apex decision making body, the Central Board of Trustees headed by Labour Minister Santosh Gangwar, had decided to hike the interest rate on EPF to 8.65 percent for 2018-19 from 8.55 percent for 2017-18. This hike was the first increase in the last three years. | |
| 125. |
According to Asian Development Outlook 2019 report, what is the growth rate? |
| Answer» The Asia-Pacific region s expected to grow at 5.7% in 2019. According to the bank's Asian Development Outlook 2019 report released in April, developing Asia which comprises 45 nations ranging from China to Tuvalu is projected to grow by 5.7% in 2019. However, the growth outlook for developing Asia is expected to moderate to 5.6 % in 2020. | |
| 126. |
What is the GDP growth of India for the financial year 2020 as per the United Nation's report World Economic Situation and Prospects (WESP) 2019 Mid-year Update ? |
| Answer» United Nation's report World Economic Situation and Prospects (WESP) 2019 Mid-year Update projected India's growth as 7.1%.Among developed economies, United States' will grow at 2.3%, while the European Union's overall economy will expand at 1.5%, Japan at 0.8% and Russia at 1.4%.For India, UN has cut the growth rate by 0.6% to be at 7% for 2019 from the earlier prediction of 7.6% in the January edition. But despite of downward revision, India remains the fastest growing major economy in the world, ahead of China's growth rate of 6.3%.For 2020, | |
| 127. |
By what percent does the bank credit grows for the financial year 2018-19, as per the Reserve Bank of India(RBI)? |
| Answer» According to Reserve Bank of India data, the bank credit grew by 13.24 percent in financial year 2019 (FY19) to Rs 97.67 lakh crore as compared to 10.3 percent in FY18 and the deposits up by 10.03 percent in FY19 to Rs 125.72 lakh crore as compare to 6.7 percent in FY18. Additional Information According to the data available till February 2019, the credit growth in service sector was 23.7 percent and in retail sector it was 16.7 percent. Overall credit growth in the industry sector was 5.6%. | |
| 128. |
Who launched BSE StAR MF app to help mutual fund distributors to accelerate transactions process |
| Answer» BSE (Bombay Stock Exchange) notified that it has launched an app named 'BSE StAR MF' in order to enable more participation and aid mutual fund distributors to accelerate transactions process. 'BSE StAR MF' is BSE's mutual fund platform which helps distributors in purchasing and redeeming the mutual fund units on behalf of their clients. The 'BSE StAR MF' app that is downloaded from Google Play Store supports dynamic (real-time) client registration, digital transactions, creates and uploads mandate for SIPs (Systematic Investment Plans), generates multiple orders, tracks and permits the distributor in evaluating his business instantly. | |
| 129. |
The Government has fixed the price of Sovereign Gold Bonds (SGBs)-Series I for 2019-20 at Rs. __________ per gram. |
| Answer» The Government has fixed the price of Sovereign Gold Bonds (SGBs)-Series I for 2019-20 at Rs 3,196 per gram with settlement date June 11, 2019. They will be opened for subscription from June 03 to June 07, 2019. In consultation with RBI, the Government has decided to allow a discount of Rs 50 per gram from the issue price to those investors who apply online and the payment is made through digital mode. To them, the issue price is Rs 3,146 per gram of gold. RBI has published a calendar for issuance of SGBs for the first half of the current financial year. | |
| 130. |
What is GDP growth of India forecasted by RBI's monetary policy committee (MPC)? |
| Answer» The RBI's MPC (monetary policy committee) lowered its Gross Domestic Product (GDP) growth forecast to 7% from 7.2% for FY 20 due to a slowdown in domestic activities and escalation in global trade war. In the April monetary policy, the growth of Gross Domestic Product (GDP) for 2019-20 was projected at 7.2% - in the range of 6.8-7.1% for the first half of the fiscal and 7.3-7.4% for the second part - with risks evenly balanced. | |
| 131. |
As per the G-20 surveillance note prepared by staff of International Monetary Fund, what is the growth rate of Indian economy in 2019? |
| Answer» G-20 surveillance note expected that Indian economy will grow 7.3% in 2019 and 7.5% in 2020. This was prepared by the staff of International Monetary Fund (IMF). It stated that the reforms to hiring and dismissal regulations would help incentivise formal job creation in India and, if combined with an increase in female labour force participation would help absorb the country's large demographic dividend. Global growth is projected to remain stable at around 3.6%. It will rely on weights shifting toward countries with relatively higher growth rates, mainly G-20 emerging markets such as China and India. | |
| 132. |
What is the minimum tradeable amount in the foreign exchange trading platform for retail participants? |
| Answer» The minimum tradeable amount is $1000 and they are issued in the multiples of $500 thereof. At present, the facility will be available only for dollars, but later more currencies will be introduced. Once the trade is done, the ticket generated will reflect the interbank rate, mark-up, and the net rate. Trades can be done for same-day delivery (cash), next-day delivery, or spot delivery (T+B), and interbank rates will reflect accordingly. RBI also decided to widen the gambit of Small Finance Banks (SFBs) to get more customers in order to extend the banking facilities for all. | |
| 133. |
By how much per cent, the share of e-Money in India's payment systems grew in 2017, as per the report released by Reserve Bank of India? |
| Answer» According to a new report "Benchmarking India's Payment Systems", released by Reserve Bank of India(RBI) stated that the share of e-Money in India's payment systems raise to 21.5 percent in 2017 from 0.8 percent in 2012.The report noted that demonetization plays an important role to provide a better position of the payment system in India compared to other countries. | |
| 134. |
How much does the Central government plan to raise from airwaves auction in 2019? |
| Answer» Prime Minister Narendra Modi-led NDA Government hopes to increase around $83.8 billion (Rs 5.83 trillion rupees) from its latest round of airwaves auction in 2019. The Central government is planning to sell 8,600 megahertz of telecom airwaves across multiple frequency bands. Rs 65,789 crore was raised in the airwaves auction held by the government in 2016-17. Recently, Telecom Minister Ravi Shankar Prasad announced the debut auction of fifth-generation (5G) spectrum this year along with trials within 100 days. | |
| 135. |
How many products did India boost export products to the US and China trade war? |
| Answer» Commerce Ministry of India made a study the trade war between the US and China offers an opportunity to India for boosting exports of as many 350 products such as chemicals and granite to these countries. The ongoing trade war between the US and China an opportunity to India for boosting exports around 350 products such as chemicals and granite to these countries. These products are part of the study carried out by the commerce ministry. Both the US and China are imposing heavy import duties resulted in trade war kind of situation. Around 151 domestic products includes diesel, X-ray tubes to displace the US exports to China. | |
| 136. |
As per Global Economic Outlook, India's growth forecast from 6.8% to __________ for 2019-20 fiscal. |
| Answer» In its latest Global Economic Outlook, the global rating agency Fitch lowers India's growth forecast from 6.8% to 6.6% for the current fiscal, as manufacturing and agriculture sectors showed signs of slowing down over the past year. Fitch also retained its GDP growth forecast for the next fiscal (2020-21) at 7.1% and 7.0% for 2021-22. | |
| 137. |
India extended __________ million grant to Niger to organize the AU summit. |
| Answer» India extended USD 15 million assistance to Nigeria for organizing the African Union (AU) summit scheduled to be held in Niamey. This summit is scheduled to be held in Niamey from July 7-8.It is the first time that Niger is scheduled to host an AU summit. The assistance in the form of the grant was symbolically handed over to Niger's Deputy Foreign Minister Lamido Ousseini Bala Goga Salamatou by Ambassador of India to Niger Rajesh Agarwal held on June 17 in Niamey. This summit is expected to launch the historic African Continental Free Trade Area (AfCFTA). | |
| 138. |
SEBI sets up panel to review margins on derivatives. It was headed by; |
| Answer» NSE Clearing Ltd. will head the panel set up by SEBI to review margins on derivatives. The panel will submit its recommendations to the Secondary Market Advisory Committee. These margins on the derivatives segment are pushing up the cost of trading while not managing risk in the most efficient manner. | |
| 139. |
What is the income tax limit for 2019-20? |
| Answer» Union Finance Minister Nirmala Sitharaman may increase the personal income tax exemption limit to Rs 3 lakh of the annual income from the existing Rs 2.5 lakh for salaried class in the upcoming Budget 2019-20. At present, income up to Rs 2.5 lakh is exempt from personal income tax. However, income between Rs 2.5 to 5 lakh attracts 5 per cent tax plus 4 per cent cess, while that between Rs 5 to 10 lakh is levied with 20 per cent tax plus Rs 12,500 plus four per cent cess. Income above Rs 10 lakh is taxed at 30 per cent. Government is also planning to increase the tax exemption limit for savings and investments made under Section 80C of the Income Tax Act. Currently, the ceiling is Rs 1.5 lakh. | |
| 140. |
RBI Committee suggested to increase the collateral-free loans for MSMEs from Rs 10 lakh to _________. |
| Answer» Reserve Bank of India (RBI) expert committee on Micro, Small and Medium Enterprises (MSMEs) headed by the former Securities and Exchange Board of India (SEBI) Chairman U K Sinha, has recommended doubling the capital on collateral-free loans from the current Rs 10 lakh to Rs 20 lakh, for borrowers falling under the Micro Units Development and Refinance Agency (MUDRA), self-help groups, and MSMEs. According to the 2006 definition, manufacturing units with investment below Rs 25 lakh were termed micro, those between Rs 25 lakh and Rs 5 crore termed small, and from Rs 5 crore to Rs 10 crore medium. For service units, the corresponding amounts were up to Rs 10 lakh for micro, Rs 10 lakh-2 crore for small, and Rs 2 crore-5 crore for medium enterprises. | |
| 141. |
From which year, the 35th Goods and Service Tax (GST) Council decided to introduce electronic invoicing system in a phase-wise manner for B2B (Business to Business) transactions? |
| Answer» Tenure of National Anti-profiteering Authority (NAA) was due to end by 30 November 2019. GST Council extended this tenure by two years, in order to enable it to take up all the pending cases. The authority can take up new cases in future due to rate cut issues, indicating that the GST Council has plans for further rationalisation of GST rates. | |
| 142. |
What was the trade deficit of India in the year 2018-2019? |
| Answer» Despite exports and imports growing at the same rate of 9 per cent, India's trade deficit reached a record high of $176 billion in 2018-19. | |
| 143. |
Who is known as 'the father of economics'? |
| Answer» Adam Smith was an 18th-century philosopher renowned as the father of modern economics, and a major proponent of laissez-faire economic policies. | |
| 144. |
How much percent of GDP has been increased for India's Current Account Deficit(CAD) in Fy19? |
| Answer» The Reserve Bank of India (RBI) stated that India's Current Account Deficit (CAD) increased to $57.2 billion or 2.1% of the Gross Domestic Product (GDP) in FY19 as against 1.8% of 2018 which stood at $48.7 billion. It was the highest in 6 years on due to higher trade deficit caused by high crude oil imports.An increase in trade deficit to $180.3 billion for the year as a whole as against $160 billion in 2018 led to the widening of the CAD in FY19. | |
| 145. |
What is the interest rates of Senior Citizens Savings Scheme for the July-September quarter? |
| Answer» The Union Finance Ministry, Government of India reduced the interest rate on small savings schemes by 0.1 per cent (10 basis points) for the July-September quarter.The schemes include Public provident fund (PPF), National Savings Certificate (NSC), Kisan Vikas Patra(KVP), Sukanya Samriddhi Account, Senior Citizens Savings Scheme (SCSS). PPF&NSC: For the July-September quarter, PPF and National Savings Certificate will fetch an annual interest rate of 7.9% as compared to 8% earlier.KVP: Kisan Vikas Patra will yield 7.6 percent with a maturity of 113 months. At present, the interest rate on KVP is 7.7 percent and maturity is 112 months.The girl child savings scheme: Sukanya Samriddhi Account will offer 8.4 percent from 8.5 percent.SCSS: Senior Citizens Savings Scheme will offer 8.6 percent from 8.7percent. | |
| 146. |
What is the amount of loan that the IMF has approved recently for Pakistan? |
| Answer» The International Monetary Fund Executive board gave formal approval on Wednesday to a three-year, $6 billion loan package for Pakistan to rein in mounting debts and stave off a looming balance of payments crisis. | |
| 147. |
The Economic Survey 2019 has projected how much growth in GDP in 2019-20? |
| Answer» The Economic Survey has projected 7 percent growth in GDP in 2019-20. The Economic survey was tabled by Finance Minister Nirmala Sitharaman in the Parliament on July 4, 2019. | |
| 148. |
Who is the Chief Economic Advisor (CEA) of the Government of India? |
| Answer» Krishnamurthy Subramanian is an Indian economist and the current Chief Economic Adviser to the Government of India (CEA), officially being appointed to the position on 7 December 2018. | |
| 149. |
What should be the GDP of India, inorder to achieve $5 trillion economy by 2024-25? |
| Answer» As per the Economic Survey 2019, the pathways for drop opened up in the last five years; and benefits of growth and macroeconomic stability reached to the bottom. Sustained real Gross Domestic Product (GDP) growth rate of 8% is needed for a $5 trillion economy by 2024-25. Virtuous Cycle of savings, investment and exports supported by a favorable demographic phase is required for sustainable growth. | |
| 150. |
How much amount is allocated in the Union Budget 2019 to boost credit in Public Sector Banks? |
| Answer» Union Budget 2019 proposes the provision of Rs. 70,000 crore to Public Sector Banks to boost credit. The banks have been tasked to leverage technology, offer online personal loans and doorstep banking, and enable customers of one PSB to access services across all PSBs. | |