Weekly Current Affairs (Economy) Quiz (28 May - 03 June 2023)
1. Which service provider has become the first digital payments app to enable the linkage of 2 lakh Rupay credit cards to the Unified Payments Interface (UPI)?
A. BHIM
B. PhonePe
C. Google Pay
D. Paytm
- View Answer
- Answer: B
2. In which range is India's GDP expected to grow in FY 24 according to the Bank of Baroda's economic research department (ERD)?
A. 5-5.4%
B. 6-6.5%
C. 7-7.2%
D. 7-8%
- View Answer
- Answer: B
3. In which state the Asian Development Bank (ADB) and the Indian government have recently signed a loan agreement worth $141.12 million to support the development of high-quality internal infrastructure?
A. Andhra Pradesh
B. Assam
C. Gujarat
D. Madhya Pradesh
- View Answer
- Answer: A
4. What percentage of retail digital payments are UPI transactions expected to account for by 2026-27 according to a recent report by PwC India?
A. 90%
B. 80%
C. 70%
D. 60%
- View Answer
- Answer: A
5. Which bank has been recognized as the best bank in managing bad loans?
A. Bank of Baroda
B. Bank of Maharashtra
C. Bank of India
D. Central Bank of India
- View Answer
- Answer: B
6. Which of the following is the World Bank-assisted Watershed Development Program being implemented in India from 2021-2026?
A. REJUVENATE
B. REWARD
C. RESTORE
D. PROTECT WATER
- View Answer
- Answer: B
7. Which organization will communicate with banks Under the new digital reporting and communication system to address loan defaults exceeding Rs 50 crore?
A. Central Economic Intelligence Bureau (CEIB)
B. Department of Revenue
C. Securities Exchange Board of India
D. Prevention of money Laundering Force
- View Answer
- Answer: A
8. What is the expected growth rate of India's GDP in FY23 according to the latest report by SBI Ecowrap?
A. 5.4%
B. 7.1%
C. 4.7%
D. 8.2%
- View Answer
- Answer: B
9. Which bank has been selected as a Clearing and Settlement Bank by the Indian Clearing Corporation Ltd (ICCL)?
A. Bank of India
B. Indian Bank
C. Bank of Baroda
D. Karnataka Bank
- View Answer
- Answer: B
10. In the month of April 2023, investments in P-notes hit a four-month high of how many crores?
A. 95,911
B. 95,645
C. 98,900
D. 96,856
- View Answer
- Answer: A
11. What was India's GDP growth rate for the fiscal year 2022-23 according to the provisional estimate by the Statistics Ministry?
A. 6.4%
B. 6.6%
C. 7.0%
D. 7.2%
- View Answer
- Answer: D
12. What is the approved investment amount for India's world's largest food storage scheme in the Cooperative Sector?
A. 2 lakh crore
B. 1.7 lakh crore
C. 1 lakh crore
D. 1.5 lakh crore
- View Answer
- Answer: C
13. What is the percentage of India's GDP growth in the January to March 2023 quarter?
A. 6.1%
B. 6.2%
C. 6.3%
D. 6.4%
- View Answer
- Answer: A
14. How many railway stations are scheduled to be upgraded under the Amrit Bharat Station Scheme?
A. 1,645
B. 1,180
C. 1,275
D. 1,200
- View Answer
- Answer: C
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