Latest Indian Economy General Knowledge(GK) Questions and answers

1 .

Centre for Monitoring Indian Economy (CMIE) report states that the overall unemployment rate in India fell to 7.6 percent in March 2022. Which state recorded highest unemployment rate during that period?

A)

Bihar

B)

Goa

C)

Punjab

D)

Haryana

Correct Answer : Haryana

As per the data from Centre for Monitoring Indian Economy (CMIE), the overall unemployment rate in India fell to 7.6 percent in March 2022. This rate was 8.10 percent in February 2022. Haryana recorded the highest unemployment rate in March 2022, at 26.7 percent. Karnataka and Gujarat registered the least unemployment rate at 1.8.percent each in March, 2022.

2 .

The government data shows that Rs. 40,009 crore grant was released under Jal Jeevan Mission in the financial year 2021-22. How much amount has been sanctioned under the scheme for FY2022-23?

A)

Rs. 60,000 Crore

B)

Rs. 70,000 Crore

C)

Rs. 85,000 Crore

D)

Rs. 1,00,000 Crore

Correct Answer : Rs. 60,000 Crore

As per the government data, Rs. 40,009 crore grant was released to States/ UTs under Jal Jeevan Mission in the financial year 2021-22. The total allocation under the scheme in FY2021-22 was Rs 50,000 crore. Further, the Cenral Government has enhanced the budget under Jal Jeevan Mission for financial year 2022-23 to Rs. 60,000 Crore.

3 .

What is the rate of interest on Sukanya Samriddhi Account Scheme for the quarter 1 of the financial year 2022-23 (Apr-Jun 2022)?

A)

7.20%

B)

7.40%

C)

7.60%

D)

7.80%

Correct Answer : 7.60%

Those who have Sukanya Samriddhi Yojana or SSY accounts would continue to get 7.60 percent SSY interest rate on their deposits in first quarter of the new financial year.

Similarly, post office small saving investor will continue to get return on their money they have got in the recently ended quarter.

4 .

Rating agency, Ind-Ra, has lowered the economic growth forecast rate of India's GDP in FY23 to what percent?

A)

6-6.8%

B)

7-7.2%

C)

7.5-7.9%

D)

8-8.4%

Correct Answer : 7-7.2%

India Ratings and Research (Ind-Ra) has revised downwards the GDP growth forecast for India in FY23 to 7-7.2 percent.

5 .

As per latest report of ICRA, what is the projected GDP growth rate for India in 2022-23 fiscal?

A)

6.4%

B)

7.2%

C)

8.1%

D)

8.5%

Correct Answer : 7.2%

Rating agency ICRA has lowered the growth forecast for India’s GDP in 2022-23 (FY23) to 7.2%. Earlier this rate was 8%. The ICRA Ltd. has projected the GDP growth forecast for 2021-22 (FY22) at 8.5%.

6 .

What is India's GDP growth rate projection for 2022-23 (FY23) as per Organization for Economic Cooperation and Development (OECD)?

A)

7.2%

B)

7.6%

C)

7.9%

D)

8.1%

Correct Answer : 8.1%

For 2022-23 (FY23)= 8.1%; For 2023-24 (FY24)= 5.5%

7 .

What is the interest rate fixed by EPFO on provident fund deposits for the financial year 2021-22?

A)

8.50%

B)

8.35%

C)

8.25%

D)

8.10%

Correct Answer : 8.10%

The retirement fund body, Employees Provident Fund Organisation (EPFO) has slashed interest rate on provident fund deposits to 8.10% for 2021-22. This rate is 0.4% lower than previous year. The interest rate on PF deposit was 8.5% in 2020-21 and 2019-20.

8 .

What is the latest projection of India's GDP growth as per Morgan Stanley for the fiscal 2022-23?

A)

7.9%

B)

8.2%

C)

8.7%

D)

9.4%

Correct Answer : 7.9%

Rating Agency Morgan Stanley has projected India’s GDP growth forecast for 2022-23 (FY23) at 7.9%.

9 .

According to Moody's, what is the GDP growth forecast for India in the calendar year 2022?

A)

7.6%

B)

8.4%

C)

9.5%

D)

9.8%

Correct Answer : 9.5%

Ratings agency Moody's Investor Service has revised India's growth forecast upwards to 9.5% from 7% earlier for the Calendar Year 2022 (CY22), and retained its forecast of 5.5% for CY23.

The speed of the recovery from the first lockdown-led contraction in Q2 2020, and subsequently in Q2 2021 during the Delta wave, was stronger than expected, and the economy is estimated to have surpassed the pre-Covid level of GDP by more than 5% in the last quarter of 2021, Moody's said.

Source : Live Mint

10 .

What is the estimated GDP growth rate of India in the FY22, as per India Ratings?

A)

10.1 percent

B)

8.6 percent

C)

7.3 percent

D)

6.5 percent

Correct Answer : 8.6 percent

India Ratings has revised downwards its GDP growth forecast for 2021-22 to 8.6 percent from the consensus 9.2 percent projected earlier. According to an India rating analysis, National Statistical Organisation (NSO) is likely to peg the FY22 real gross domestic product growth at Rs 147.2 lakh crore.

This translates into a GDP growth rate of 8.6 percent, down from the 9.2 percent forecast in the first advance estimate released on January 7, 2022.