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  • Question
  • Fitch Cuts India GDP Growth Forecast for FY20 is __________.


  • Options
  • A. 7.4%
  • B. 6.8%
  • C. 8.1%
  • D. 4.8%

  • Correct Answer
  • 6.8% 

    Explanation
    Fitch Ratings cut India's economic growth forecast for the next financial year starting April 1, to 6.8% from its previous estimate of 7%, on weaker than expected momentum in the economy. The rating agency also cut growth forecasts for FY20 and FY21 to 7% from 7.3% and 7.1% from 7.3%, respectively.

  • Economy problems


    Search Results


    • 1. Union government retained the interest rate for General Provident Fund (GPF) at ___________ % for the first quarter of the current financial year 2019-2020.

    • Options
    • A. 9%
    • B. 5%
    • C. 8%
    • D. 12%
    • Discuss
    • 2. According to the report of United Nations' World Economic Situation and Prospects (WESP) 2019, what will be the growth rate of India for in 2019-20?

    • Options
    • A. 7.6%
    • B. 7.5%
    • C. 7.4%
    • D. 7.8%
    • Discuss
    • 3. The Asian countries of RCEP have offered a concession to this country to open up its markets?

    • Options
    • A. Thailand
    • B. Malaysia
    • C. Philippines
    • D. India
    • Discuss
    • 4. Indian economy grew by __________ in the first quarter (April-June) of the current fiscal year.

    • Options
    • A. 7.5%s
    • B. 7.8%
    • C. 8.0%
    • D. 8.2%
    • Discuss
    • 5. How much amount has been spent by Government on GST advertisements?

    • Options
    • A. Rs 117 crore
    • B. Rs 125 crore
    • C. Rs 110 crore
    • D. Rs 132 crore
    • Discuss
    • 6. The government has slashed the minimum annual deposit requirement for accounts under the Sukanya Samriddhi Yojana (SSY) to __________ from Rs 1,000.

    • Options
    • A. Rs 350
    • B. Rs 500
    • C. Rs 250
    • D. Rs 400
    • Discuss
    • 7. For which crop, the Cabinet Committee on Economic Affairs, CCEA, has increased the Minimum Support Price (MSP)?

    • Options
    • A. Rabi
    • B. Wheet
    • C. Rice
    • D. Maize
    • Discuss
    • 8. Under which provision did the U.S. revoke the duty free imports on 50 Indian products?

    • Options
    • A. Generalised Goods and Products System (GPS)
    • B. Goods and Services Tax (GST)
    • C. Generalised System of Preferences (GSP)
    • D. Goods and Preferred Supplies (GPS)
    • Discuss
    • 9. What will be the GDP rate of India for March 2019?

    • Options
    • A. 7.1%
    • B. 7.2%
    • C. 7.3%
    • D. 7.4%
    • Discuss
    • 10. As per the latest report of IMF, what is the growth rate of India for the 2019?

    • Options
    • A. 7.1%
    • B. 7.2%
    • C. 7.3%
    • D. 7.4%
    • Discuss


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