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ECONOMY MCQs

Total Questions : 102 | Page 7 of 11 pages
Question 61.

SBI has issued additional tier-1 (AT1) bonds worth a total of Rs 6,872 crore at a cut-off of how many %?

  1.    4.5%
  2.    7.75%
  3.    6.83%
  4.    9.65%
 Discuss Question
Answer: Option B. -> 7.75%
SBI has issued additional tier-1 (AT1) bonds worth a total of Rs. 6,872 crores at a cut-off of 7.75 per cent, the lowest rate set for such debt issuances by any bank so far in the current financial year.
Question 62.

The UPI (Unified Payments Interface) network processed how many crore transactions in August worth about Rs 10.73 lakh crore?

  1.    655 crore
  2.    656 crore
  3.    654 crore
  4.    657 crore
 Discuss Question
Answer: Option D. -> 657 crore
The UPI (Unified Payments Interface) network processed 657 crore transactions in August worth about Rs 10.73 lakh crore.
Question 63.

As per the NSO Data, what is India's GDP growth rate in the first quarter (April-June) of this fiscal year 2022-23?

  1.    12.3 %
  2.    15.2 %
  3.    13.5 %
  4.    14.7 %
 Discuss Question
Answer: Option C. -> 13.5 %
The Gross Domestic Product (GDP) in the first quarter (April-June) of this fiscal year grew by 13.5%.
Question 64.

India collected GST worth Rs.1,43,612 crore in which month?

  1.    August
  2.    June
  3.    July
  4.    September
 Discuss Question
Answer: Option A. -> August
Goods and services tax (GST) collections retained their momentum, rising 28% year-on-year to around Rs 1,43,612 crore in August, the sixth straight month of over Rs 1.4 lakh crore mop-up.
Question 65.

SBI trimmed GDP growth forecast to how many percent for the financial year 2023?

  1.    7.7%
  2.    7.2%
  3.    8.7%
  4.    6.8%
 Discuss Question
Answer: Option D. -> 6.8%
Chief economist at State Bank of India has revised downward the full-year growth forecast to a low 6.8 per cent from 7.5 per cent earlier for FY2023.
Question 66.

What is the name of India's first IAC?

  1.    IAC Arihant
  2.    IAC Vikrant
  3.    IAC Vishal
  4.    IAC Viraat
 Discuss Question
Answer: Option B. -> IAC Vikrant
Prime Minister Narendra Modi will commission India's first indigenously-built aircraft carrier (IAC) Vikrant on September 2, 2022.
Question 67.

ICRA has projected India's GDP growth as how many per cent for the Q1 (April-June) FY23?

  1.    13%
  2.    11%
  3.    10%
  4.    12%
 Discuss Question
Answer: Option A. -> 13%
India's GDP growth is projected to spike to a four-quarter high of 13 per cent in Q1 (April-June) FY23 due to a low base of Covid 2.0 and robust recovery in contact-intensive services, according to ICRA.
Question 68.

How many billion in loans have been approved by the World Bank for PM ABHIM

  1.    3
  2.    2
  3.    4
  4.    1
 Discuss Question
Answer: Option D. -> 1
The World Bank had granted a loan of USD 1 billion to fund India's flagship PM Ayushman Bharat Health Infrastructure Mission (PM-ABHIM).
Question 69.

Cabinet approved an interest subvention of 1.5 percent per annum on Short Term Agriculture Loan up to what amount?

  1.    Rs 2 lakh
  2.    Rs 1 lakh
  3.    Rs 3 lakh
  4.    Rs 4 lakh
 Discuss Question
Answer: Option C. -> Rs 3 lakh
The Union Cabinet chaired by Prime Minister Narendra Modi approved an interest subvention of 1.5 percent per annum on short-term agriculture loans up to Rs 3 lakh to ensure "adequate credit flow in the agriculture sector".
Question 70.

Which figure states the WPI in July 2022?

  1.    13.93%
  2.    15.93%
  3.    12.93%
  4.    11.93%
 Discuss Question
Answer: Option A. -> 13.93%
For July 2022 the annual rate of inflation based on the All-India Wholesale Price Index (WPI) Number is 13.93 per cent, provisionally.

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