Indian Economy - General Knowledge Questions

A)
8.2%
B)
8.7%
C)
9.2%
D)
9.8%

Correct Answer :   8.2%

The International Monetary Fund (IMF) has slashed the Gross Domestic Product (GDP) growth forecast for India in FY23 to 8.2% in its latest World Economic Outlook report, released on April 19, 2022.

A)
7%
B)
8%
C)
8.6%
D)
9.8%

Correct Answer :   8%

The World Bank has slashed the GDP growth forecast for India in FY2022/23 to 8% in its bi-annual “South Asia Economic Focus” report, due to the negative impact of the war in Ukraine on FY23 growth. Earlier in January 2022, the growth forecast for FY23 was estimated at 8.7%.

A)
Rs 88,000 crore
B)
Rs 90,570 crore
C)
Rs 93,050 crore
D)
Rs 95,630 crore

Correct Answer :   Rs 88,000 crore

The Government of India has exceeded its asset monetization target of Rs 88,000 crore set for the financial year 2021-22 (FY22). As per the assessment, Centre has completed asset monetisation worth Rs 96,000 crore during FY22.

A)
Rs 1.36 trillion
B)
Rs 1.49 trillion
C)
Rs 1.54 trillion
D)
Rs 1.62 trillion

Correct Answer :   Rs 1.62 trillion

For FY23 (2022-23), the Central government has set asset monetization goal of Rs 1.62 trillion.

A)
6.4%
B)
6.8%
C)
7.2%
D)
7.9%

Correct Answer :   7.2%

The RBI Monetary Policy Committee has projected India's real GDP growth to be 7.2% in the Fiscal Year 2022-23. The committee has voted to keep the repo and reverse repo rates unchanged at 4% for the straight 11th time in a row. The CPI inflation is now projected at 5.7% in 2022-23, with 6.3% in Q1, 5.8% in Q2, 5.4% in Q3 and 5.1% in Q4

A)
6.7%
B)
7.1%
C)
7.5%
D)
8.0%

Correct Answer :   7.5%

India's economy is likely to grow 7.5% in FY23 and 8% in FY24, supported by increased public investment in infrastructure and a pickup in private investment, the Asian Development Bank (ADB) said on Wednesday. India's Gross Domestic Product (GDP) likely grew 8.9% in FY22, it said.
 
In its Asian Development Outlook 2022, the Manila-based multilateral lender said uncertain global economic conditions, renewed Covid-19 outbreaks and new variants, monetary policy tightening in the US, and unexpected and sharp rises in commodity prices were key risks to the outlook.

Source : Economic Times

A)
7.1 percent
B)
7.5 percent
C)
8.2 percent
D)
8.9 percent

Correct Answer :   7.5 percent

The Asian Development Bank (ADB) informed on April 6, 2022 that the Indian economy is projected to grow by 7.5 percent in the current financial year. The growth is expected to accelerate to 8 percent in 2023-24.

A)
7.4%
B)
7.8%
C)
8.3%
D)
8.9%

Correct Answer :   7.4%

The Federation of Indian Chambers of Commerce & Industry (FICCI) has estimated India’s GDP to grow at 7.4 percent in the financial year 2022-23 (FY23).

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.

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.