Important Current Affairs Quiz for Bank Mains Exams 2022- 03rd January

Q1. How much crore rupees of the gross GST revenue collected in the month of November 2021?
(a) 1, 21,526
(b) 1, 41,526
(c) 1, 31,526
(d) 1, 11,526
(e) None of the above

Q2. Asian Development Bank has trimmed its 2021 growth forecast for India to how much per cent from its estimation of 10 per cent?
(a) 9.7
(b) 8.9
(c) 9.2
(d) 7.8
(e) None of the above

Q3. Wall Street brokerage, Goldman Sachs has estimated India’s GDP growth at how much per cent in 2022?
(a) 12.7
(b) 11.3
(c) 10.5
(d) 9.1
(e) None of the above

Q4. Organisation for Economic Co-operation and Development (OECD) decreased India’s growth forecast to 9.4% for FY22 from 9.7%. In which of the country OECD is located?
(a) China
(b) Spain
(c) England
(d) France
(e) None of the above

Q5. India has registered the highest ever annual Foreign Direct Investment inflow of $ 81.97 bn in which year?
(a) 2020-21
(b) 2019-21
(c) 2020-22
(d) 2019-20
(e) None of the above

Q6. The rating agency, India Ratings and Research (Ind-Ra) expects India’s Gross Domestic Product (GDP) in FY22 at how much per cent?
(a) 9.4
(b) 10.7
(c) 8.6
(d) 7.4
(e) None of the above

Q7. S&P Global Ratings has retained the Gross Domestic Product (GDP) growth forecast of India at ______per cent for the year ending FY23.
(a) 9.8
(b) 7.8
(c) 8.8
(d) 10.8
(e) None of the above

Q8. What is the projection of Fitch Ratings on India’s economic growth forecast in the financial year 2021-22 (FY22)?
(a) 7.2 per cent
(b) 9.6 per cent
(c) 8.4 per cent
(d) 11.1 per cent
(e) None of the above

Q9. At what percent Wholesale Price Index (WPI) has reached in the current series of November?
(a) 12.88%
(b) 14.23%
(c) 11.39%
(d) 13.56%
(e) None of the above

Q10. FDI inflows in the last seven financial years are over $ 440 bn, which is nearly 58 % of the total FDI inflow in the last 21 financial years. Which nation is the top from where FDI Equity Inflows were received during 2014-2021?
(a) Mauritius
(b) Netherland
(c) USA
(d) Singapore
(e) None of the above

Solutions

S1. Ans(c)
Sol. The gross GST revenue collected in the month of November 2021 is Rs 1, 31,526 crores.

S2.Ans (a)
Sol. Asian Development Bank has trimmed its 2021 growth forecast for India to 9.7 per cent from 10 per cent but left the 2022 growth forecast unchanged at 7.5 per cent.

S3.Ans(d)
Sol. Wall Street brokerage, Goldman Sachs has estimated India’s GDP growth at 9.1 per cent in 2022.

S4.Ans (d)
Sol. Paris-based Organisation for Economic Co-operation and Development (OECD) decreased India’s growth forecast to 9.4% for FY22 from 9.7% estimated in September 2021.

S5.Ans(a)
Sol. India has registered the highest ever annual Foreign Direct Investment inflow of $ 81.97 bn in 2020-21.

S6.Ans(a)
Sol. The rating agency, India Ratings and Research (Ind-Ra) expects India’s Gross Domestic Product (GDP) in the Second Quarter of Financial Year-2022 (Q2 FY22) at 3 per cent and in FY22 at 9.4 per cent.

S7.Ans(b)
Sol. S&P Global Ratings has retained the Gross Domestic Product (GDP) growth forecast of India unchanged at 9.5 percent for the financial year 2021- 22 (FY22) and 7.8 per cent for the year ending FY23.

S8.Ans(c)
Sol. Fitch Ratings has slashed India’s economic growth forecast in the financial year 2021-22 (FY22) to 8.4 per cent and raised the growth projection to 10.3 per cent for FY23.

S9.Ans(b)
Sol. Producers’ inflation based on the Wholesale Price Index (WPI) has reached an all-time high in the current series at 14.23 per cent in November.

S10.Ans(d)
Sol. FDI inflows in the last seven financial years is over $ 440 bn, which is nearly 58 % of the total FDI inflow in the last 21 financial years. The top five countries from where FDI Equity Inflows were received during 2014-2021 are Singapore, Mauritius, USA, Netherland & Japan.