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Banking and Economy Current Affairs Quiz - February 2018

Home > Current Affairs > Banking and Economy Current Affairs Quiz - February 2018

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1. Aditya Birla Idea Payments Bank Ltd (ABIPBL) started operations, making it __________ payments bank in India.

  1. Other payment banks - Airtel Payments Bank, India Post Payments Bank, Paytm Payments Bank and Fino Payments Bank.
  2. ABIPBL is a JV between Aditya Birla Nuvo Ltd (51 % stake) and Ideal Cellular (49 % stake).
  3. Airtel Payments Bank reduced its interest rate by 175 basis points to 5.5 % per annum from 7.25 % per annum earlier.
5th
8th
11th
3rd
None of These


2. Approved continuation of __________________________ (PMEGP) beyond 12th Plan for 3 years from 2017-18 to 2019-20 with outlay of INR 5500 crores.

  1. PMEGP will aim at creating sustainable estimated employment opportunities for 15 lakh persons in 3 years. Khadi and Village Industries Commission (KVIC) is the nodal implementation agency at national level.
  2. Minimum target of 75 project/district is awarded to all districts in country to achieve Inclusive Growth. Higher rate of subsidy (25% to 35%) will be applicable for women, SC/ST, OBC, Physically Disabled, NER applicants in rural areas.
  3. Portal can be accessed at https://www.kviconline.gov.in/pmegpeportal/prneqphome/index.jsp.
  4. PMEGP -
    1. It is a major credit-linked subsidy programme being implemented by Ministry of MSME since 2008-09, aimed at generating self-employment opportunities through establishment of micro-enterprises in non-farm sector.
    2. 4.55 lakh micro enterprises have been assisted with a margin money subsidy of Rs 9564.02 crore providing employment to an estimated 37.98 lakh persons till now.
    3. Modifications made in PMEGP Include -
      1. 2nd loan of upto 1 crore to better performing PMEGP units for upgrading with subsidy of 15%.
      2. Merger of Coir Udyami Yojana (GUY) in PMEGP.
Prime Minister's Employment Guarantee Programme
Prime Minister's Employment Global Programme
Prime Minister's Employment Generation Programme
Prime Minister's Enhancement Generation Programme
None of These


3. As per 2nd Advance Estimates of National Income in 2017-18 and Quarterly GDP estimates for 3rd quarter (Oct-Dec) by Central Statistics Office (CSO) -

  1. India’s GDP grew 7.2% in 3rd quarter of 2017-18 (Oct - Dec 2017), more than 6.8% GDP growth rate of China in same period.
  2. Quarterwise GDP Growth Rate in 2017-18 - Q1 (Apr - June) - 5.7 %, Q2 (July - Sep) - 6.5 % (revised from 6.3 % earlier), Q3 (Oct - Dec) - 7.2 %.
  3. With such strong GDP Growth in 3rd quarter, India regained status of Fastest growing major economy. Manufacturing grew 8.1% in third quarter and is projected to expand at 5.1% for full year, indicating that factories / companies have come to terms with GST.
  4. Gross Domestic Product (GDP) at constant (2011-12) prices in 2017-18 will remain 130.04 lakh crores, compared to 121.96 lakh crores in 2016-17, showing growth rate of 6.6 % as compared to growth rate of 7.1 percent in 2016-17.
  5. While,  Real GVA (Gross value added) at basic constant prices (2011-12) will be 119.64 lakh crore in 2017-18, compared to 112.48 lakh crores in 2016-17. So, growth of real GVA at basic prices in 2017-18 is 6.4 % as against 7.1 % in 2016-17.
  6. Per capita net national income during 2017-18 is estimated to be INR 112764, showing rise of 8.6 % as compared  to  103870 during 2016-17.
  7. GDP growth rates for 2017-18 and Q1, Q2, Q3 of 2017-18 at constant (2011-12) and current prices are -

     

    Constant prices  (2011-12)

    Current prices

    Annual 2017-18 (Second advance)

    6.6

    9.8

    Q1 2017-18(April-June)

    5.7

    9.2

    Q2 2017-18(July-Sep)

    6.5

    10.0

    Q3 2017-18(Oct-Dec)

    7.2

    11.9




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