Economy(General Knowledge ) Questions and answers for exam Preparation

General Knowledge

ECONOMY MCQs

Total Questions : 102 | Page 9 of 11 pages

As per the recent OECD report, what is the GDP forecast for India for FY23?

6.6 %
7.2 %
6.1 %
7.5 %

Discuss Question

Answer: Option A. -> 6.6 %
The Organisation for Economic Co-operation and Development (OECD) cut its gross domestic growth forecast for India for FY23 to 6.6 per cent from 6.9 per cent.

Question 82.

Tata Consumer to acquire packaged water giant Bisleri for how much?

Rs 6,000 crore
Rs 5,000 crore
Rs 9,000 crore
Rs 7,000 crore

Discuss Question

Answer: Option D. -> Rs 7,000 crore
Tata Consumer is set to acquire India's largest packaged drinking water company, Bisleri, for an estimated 7,000 crore.

Question 83.

As per the IMF's World Economic Outlook report (October 2022), what is India's 2022-23 GDP forecast?

5.8 %
6.0 %
7.0 %
6.8 %

Discuss Question

Answer: Option D. -> 6.8 %
The International Monetary Fund, in its latest World Economic Outlook report, cut the forecast for India's gross domestic product (GDP) growth in the financial year 2022-23 (FY23) to 6.8 per cent.

Question 84.

The Central government and the LIC have decided to sell off their how much percent stake in IDBI Bank?

30.24%
60.72%
30.48%
94%

Discuss Question

Answer: Option B. -> 60.72%
The Central government and Life Insurance Corporation of India have decided to sell off their 60.72%stake in IDBI Bank.

Question 85.

As per the UNCTAD Report 2022, What is India's economic growth in 2022 from 8.2% in 2021?

4.7%
7.7%
6.7%
5.7%

Discuss Question

Answer: Option D. -> 5.7%
According to the forecast by the UNCTAD, India's economic growth is expected to decline to 5.7 per cent this year from 8.2 per cent in 2021.

Question 86.

In October 2022, the World Bank slashed its growth estimate for India by one percentage point to what percent for FY23?

6.0%
7.0%
6.5%
7.5%

Discuss Question

Answer: Option C. -> 6.5%
The World Bank lowered its FY23 growth forecast for India by one percentage point to 6.5% from its June estimate of 7.5%, citing the impact of the ongoing war in Ukraine, rising global interest rates and high inflation.

Question 87.

How much in RuPay credit cards can be used for UPI transactions without incurring fees?

Rs. 10,000
Rs. 6,000
Rs. 5,000
Rs. 2,000

Discuss Question

Answer: Option D. -> Rs. 2,000
The National Payments Corporation of India (NPCI) has said there will be no charge for RuPay credit card use on Unified Payments Interface (UPI) for transactions up to Rs 2,000.

Question 88. What is the India's GDP growth forecast for FY 18, according to the International Monetary Fund (IMF)'s latest report 'World Economic Outlook (WEO)'?

7.2%
7.4%
6.8%
6.6%

Discuss Question

Answer: Option A. -> 7.2%

No Explanation

Question 89. What is the India's GDP forecast for 2017, as per latest UN report "The Economic and Social Survey of Asia and the Pacific 2017"?

7.5%
7.1%
7.3%
7.6%

Discuss Question

Answer: Option B. -> 7.1%

The UN Economic and Social Commission for Asia and the Pacific (ESCAP) released the report "The Economic and Social Survey of Asia and the Pacific 2017". As per the report where the economic growth for India is projected 7.1% and stated that India's growth would edge up to 7.5% in 2018 by higher private and public consumption and increased infrastructure spending.

Question 90. As per an estimate of the IMF, the projected global economic growth for 2017 is

1.5%
2.5%
3.5%
4.5%

Discuss Question

Answer: Option C. -> 3.5%

The global economy is forecast to grow 3.1% in 2016 compared with 3.2% estimated in the April WEO, with Brexit responsible for the reduction. The 2017 growth estimate has also been trimmed by 0.1 percentage point, to 3.4%.