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ECONOMY MCQs

Total Questions : 102 | Page 4 of 11 pages
Question 31.

World Bank revised its 2022-23 GDP forecast upward to what per cent from 6.5 per cent?

  1.    7.9%
  2.    6.9%
  3.    5%
  4.    9%
 Discuss Question
Answer: Option B. -> 6.9%
World Bank revised its 2022-23 GDP forecast upward to 6.9 per cent from 6.5 per cent.
Question 32.

What is the repo rate increased by the RBI?

  1.    25 basis points
  2.    35 basis points
  3.    50 basis points
  4.    75 basis points
 Discuss Question
Answer: Option B. -> 35 basis points
The Reserve Bank of India (RBI) raised its key lending rate by 35 basis points to 6.25% on Dec 7, 2022, as inflation continues to stay above the central bank's tolerance band.
Question 33.

The National Payments Corporation of India in November 2022 proposed what percent volume cap for third-party app providers in a bid to avoid concentration risk?

  1.    15%
  2.    50%
  3.    20%
  4.    30%
 Discuss Question
Answer: Option D. -> 30%
National Payments Corporation of India (NPCI) is in talks with the Reserve Bank on the implementation of its proposed December 31 deadline for limiting the volume cap of players to 30 per cent.
Question 34.

What is the rate of retail inflation recorded in India in October 2022?

  1.    7%
  2.    7.41%
  3.    6.77%
  4.    7.79%
 Discuss Question
Answer: Option C. -> 6.77%
India's retail inflation, based on the consumer price index (CPI), eased sharply to 6.77 percent on an annual basis in October from 7.41 percent in September 2022.
Question 35.

What percentage of India's economic growth has been estimated by Moody's for 2022?

  1.    7%
  2.    5.8%
  3.    7.4%
  4.    11%
 Discuss Question
Answer: Option A. -> 7%
Moody's Investors Service lowered India's economic growth projection for 2022 to 7% from 7.7% earlier.
Question 36.

According to data released by the commerce ministry, India's exports will dip by how much percent to $29.78 billion in October 2022?

  1.    17%
  2.    14%
  3.    21%
  4.    5%
 Discuss Question
Answer: Option A. -> 17%
India's exports dip 17% to $29.78 billion in October 2022.
Question 37.

LIC has increased its shareholding in Voltas by buying an additional 2 per cent stake by acquiring shares worth how much through open market transactions?

  1.    Rs. 535 crore
  2.    Rs. 635 crore
  3.    Rs. 935 crore
  4.    Rs. 735 crore
 Discuss Question
Answer: Option B. -> Rs. 635 crore
LIC buys an additional stake in Voltas for Rs 635 crore. Life Insurance Corporation of India (LIC) has increased its shareholding in Voltas by buying an additional 2 per cent stake.
Question 38.

What is the gross GST revenue collected in the month of October 2022?

  1.    Rs. 1,51,718
  2.    Rs. 2,51,718
  3.    Rs. 3,51,718
  4.    Rs. 4,51,718
 Discuss Question
Answer: Option A. -> Rs. 1,51,718
The gross GST revenue collected in the month of October 2022 was Rs. 1,51,718 crore.
Question 39.

Defence minister Rajnath Singh dedicated 75 infrastructure projects worth how much to the nation?

  1.    Rs.1890 crore
  2.    Rs.2180 crore
  3.    Rs.2060 crore
  4.    Rs.1168 crore
 Discuss Question
Answer: Option B. -> Rs.2180 crore
Mr. Rajnath Singh dedicated to the nation 75 infrastructure projects at a total cost of Rs.2180 crore built by the Border Roads Organisation at a function organised at D-S-DBO road in Ladakh.
Question 40.

In October 2022, how much total amount (approx) has been released to Andhra Pradesh, Chhattisgarh, Maharashtra and Uttar Pradesh by the finance ministry for Million Plus Cities/ Urban Agglomerations?

  1.    1,664 crore
  2.    1,864 crore
  3.    1,764 crore
  4.    1,904 crore
 Discuss Question
Answer: Option C. -> 1,764 crore
The Department of Expenditure, Ministry of Finance has released an amount of Rs. 1,764 crores to 4 States for providing grants to Million Plus Cities/Urban Agglomerations.

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