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ECONOMY MCQs

Total Questions : 102 | Page 6 of 11 pages
Question 51.

What has the WPI-based inflation rate for August?

  1.    14.41 percent
  2.    13.41 percent
  3.    12.41 percent
  4.    11.41 per cent
 Discuss Question
Answer: Option C. -> 12.41 percent
The wholesale price index- (WPI-) based inflation rate for August decelerated for the third consecutive month to an 11-month low of 12.41 per cent as pricing pressure from manufactured and fuel items eased despite an increase in food inflation.
Question 52.

What is India's logistics cost as a proportion of GDP, as of 2022?

  1.    13-14 %
  2.    15-16 %
  3.    9-10 %
  4.    19-20 %
 Discuss Question
Answer: Option A. -> 13-14 %
India's logistics cost as a proportion of the Gross Domestic Product (GDP) is estimated to be around 13-14 per cent.
Question 53.

India has become a power surplus nation with an installed power capacity of over how many lakh MW?

  1.    4
  2.    6
  3.    5
  4.    3
 Discuss Question
Answer: Option A. -> 4
The government has informed us that India has turned into a power surplus nation with a total installed electricity capacity of over 4 lakh Mega Watt.
Question 54.

What is the increase in Railways Revenue at the end of August 2022 when compared to the corresponding period of 2021?

  1.    38%
  2.    32%
  3.    37%
  4.    31%
 Discuss Question
Answer: Option A. -> 38%
The overall revenue of Indian Railways at the end of August'22 stood at Rs 95,486.58 cr, showing an increase of Rs. 26271.29 cr (38%) over the corresponding period of last year.
Question 55.

How many drugs are included in the NLEM?

  1.    284
  2.    84
  3.    384
  4.    184
 Discuss Question
Answer: Option C. -> 384
384 drugs have been included in this list with the addition of 34 drugs, while 26 from the previous list have been dropped.
Question 56.

Wholesale inflation dropped to an 11-Month low at 12.4% in which month?

  1.    August
  2.    September
  3.    July
  4.    June
 Discuss Question
Answer: Option A. -> August
Producers' inflation based on the Wholesale Price Index (WPI) dropped for the third successive month to an 11-month low of 12.41 percent in August.
Question 57.

How much money has the Bank of Maharashtra raised through the Basel III compliant Additional Tier 1 (AT1) bonds to fund business growth?

  1.    Rs. 810 Crore
  2.    Rs. 510 Crore
  3.    Rs. 910 Crore
  4.    Rs. 710 Crore
 Discuss Question
Answer: Option D. -> Rs. 710 Crore
State-owned Bank of Maharashtra (BoM) said it has raised Rs 710 crore from bonds to fund business growth.
Question 58.

UPI platform has processed how many transactions in the month of August?

  1.    657 crores
  2.    857 crores
  3.    957 crores
  4.    757 crores
 Discuss Question
Answer: Option A. -> 657 crores
The Unified Payment Interface (UPI) platform has processed 6.57 billion (657 crores) transactions, totalling 10.73 trillion, according to NPCI Data.
Question 59.

As of March 2022, what is India's external debt, as per the Finance Ministry's data?

  1.    USD 220 billion
  2.    USD 420 billion
  3.    USD 820 billion
  4.    USD 620 billion
 Discuss Question
Answer: Option D. -> USD 620 billion
India's external debt rose by 8.2 per cent year-on-year to USD 620.7 billion as of March 2022, as per the Union Finance Ministry's 'Status Report on India's External Debt 2021-22'.
Question 60.

According to RBI data, the all-India HPI rose by how many per cent year-on-year in the first quarter of 2022-23?

  1.    4.5%
  2.    6.5%
  3.    3.5%
  4.    5.5%
 Discuss Question
Answer: Option C. -> 3.5%
According to RBI data, the all-India house price index (HPI) rose by 3.5 per cent year-on-year in the first quarter of 2022-23.

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