weekly GK Quiz current affairs Bitbank (29 July - 04 Aug 2023)

Sakshi Education

Below are the useful current affairs practice questions in Economy for competitive exams like APPS, TSPSC Groups and UPSC Civil Services, prepared by sakshi education.

weekly GK Quiz current affairs Bitbank (29 July - 04 Aug 2023)

1. Which bank issued official approval for the Bank of Israel to join the International Committee on Credit Reporting (ICCR)?
A. Yes Bank
B. World Bank
C. UCO Bank
D. Canara Bank

View Answer
- Answer: B

2. What is the projected figure for India's economy in 2030, according to Standard Chartered?
A. $6 trillion
B. $7 trillion
C. $6.4 trillion
D. $3.5 trillion

View Answer
- Answer: A

3. How much bad loans did Indian banks write off in 2022-23?
A. 2.07 lakh crore
B. 2.09 lakh crore
C. 2.10 lakh crore
D. 2.11 lakh crore

View Answer
- Answer: B

4. What is the main focus of Semicon India 2023, which was inaugurated by Prime Minister Narendra Modi in Gandhinagar, Gujarat?
A. Exploring investment opportunities in India's automotive industry.
B. Showcasing advancements in renewable energy technologies.
C. Promoting tourism and cultural heritage of Gujarat.
D. Positioning India as a global hub for semiconductor design, manufacturing, and technology development.

View Answer
- Answer: D

Also Read: Weekly Current Affairs (Economy) 22-28 July 2023 Bitbank

5. Where has Amazon India opened its first-ever floating store?
A. Ganges River
B. Yamuna River
C. Dal Lake
D. Arabian Sea

View Answer
- Answer: C

6. What is the fiscal deficit in India as a percentage of the full-year target at the end of June 2023?
A. 20.6%
B. 21.2%
C. 25.3%
D. 26.1%

View Answer
- Answer: C

7. What was the growth rate of India's core sector in June 2023, marking a five-month high?
A. 5.0%
B. 8.2%
C. 10.9%
D. 13.1%

View Answer
- Answer: B

8. What is the growth rate of digital payments in India during FY23 as indicated by the RBI-DPI?
A. 10.56%
B. 11.92%
C. 13.24%
D. 15.78%

View Answer
- Answer: C

9. How many loans were sanctioned under the Pradhan Mantri MUDRA Yojana (PMMY) in Financial Year 2022-23?
A. 5.23 crores
B. 6.23 crores
C. 4.30 crores
D. 7.23 crores

View Answer
- Answer: B

Also Read: Weekly Current Affairs (Economy) 15-21 July 2023 Bitbank

10. What is the new turnover threshold for companies required to generate e-invoices for B2B transactions and exports under the updated GST rule?
A. ₹1 crore
B. ₹5 crore
C. ₹10 crore
D. ₹15 crore

View Answer
- Answer: B

11. What is the total gross GST revenue collected in July 2023?
A. Rs 1,61,497 crore
B. Rs 1,87,000 crore
C. Rs 1,57,000 crore
D. Rs 1,65,105 crore

View Answer
- Answer: D

12. How much money is Foxconn pledging to invest in establishing a manufacturing facility in Tamil Nadu?
A. ₹ 1,000 Crore
B. ₹ 1,200 Crore
C. ₹ 1,400 Crore
D. ₹ 1,600 Crore

View Answer
- Answer: D

13. How many Income Tax Returns (ITRs) were filed for Assessment Year (AY) 2023-24 till 31st July 2023?
A. 6.40 crore
B. 6.77 crore
C. 7.12 crore
D. 5.83 crore