What was the year-on-year growth percentage in UPI transactions recorded in October 2024?

35%

40%

45%

50%

Correct Answer : 45%

In October 2024, UPI achieved a record high with 16.58 billion transactions worth ?23.49 lakh crore, reflecting a 45% year-on-year growth.

This significant increase underscores UPI's role in driving the shift toward a cashless economy by offering secure, fast, and seamless payment solutions.

Operational in 7 countries, UPI, launched by NPCI in 2016, continues to enhance global digital payment adoption.

Published On : December 3, 2024

Recent Updates in Indian Economy - General Knowledge Questions

Q .

What is the projected growth rate of the Indian economy for FY25 according to Deloitte?

6.5-6.8%

6.7-7.3%

7.0-7.5%

7.2-7.8%

Correct Answer : 6.5-6.8%

* Deloitte forecasts the Indian economy to grow at 6.5-6.8% in FY25, driven by strong domestic consumption, infrastructure development, and digitisation efforts.

* While challenges such as geopolitical tensions and global liquidity constraints may pose risks, India’s resilience in services, manufacturing exports, and stable capital markets provides a solid foundation for sustained economic growth.

Published On : December 31, 2024

Category : Indian Economy

Q .

What is India's projected real GDP growth rate for FY25 and FY26?

5.4%

5.5%

6.5%

6.7%

Correct Answer : 6.5%

India's projected real GDP growth rate for FY25 and FY26 is estimated at 6.5%, supported by robust economic fundamentals despite some recent challenges.

While Q2 FY25 GDP growth eased to 5.4% from 6.7% in Q1 FY25 due to factors like a decline in manufacturing PMI and a slowdown in private consumption, inflation trends show improvement with CPI falling to 5.5% in November. The 6.5% projection reflects optimism for sustained economic growth.

Published On : December 27, 2024

Category : Indian Economy

Q .

How much growth has India Ratings and Research projected for the Indian economy for the financial year 2025-26?

5.3%

5.7%

6.2%

6.6%

Correct Answer : 6.6%

* India Ratings and Research (Ind-Ra) has projected a growth of 6.6% for the Indian economy in financial year 2025-26 (FY26), higher than the 6.4% growth estimated in the current financial year (FY25)13.

* This growth is expected to be driven mainly by a significant increase in investments. Gross fixed capital formation (GFCF) is estimated to grow by 7.2%.