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GK MCQs Section

Page-3 of Topic: Inflation

RBI’s State of the Economy Report

The Reserve Bank of India has recently published its State of the Economy Report. The report highlights that, the Indian state refiners’ daily gasoline sales in February 2021...

March 1, 2021

Asian Development Outlook

The Asian Development Bank recently released the Asian Development Outlook. Under its outlook, the Asian Development Bank projected that Indian economy is to contract by – 8% in...

December 11, 2020

What is Repo Rate?

Repo rate is the rate at which the central bank lends money to the commercial banks in case of fund crunch. It is a tool used by the...

December 7, 2020

WPI inflation at 1.48% in October 2020; Increased for third consecutive month

The Wholesale Price Index (WPI) increased to 1.48% in October 2020. This was the highest in the past eight months. Key Highlights The inflation rate based on WPI...

November 17, 2020

India Bans Export of all Varieties of Onion

Government of India have released a notification banning the export of all varieties of onions. The ban has been imposed three months after the central government made changes...

September 15, 2020

Iran: New Currency introduced to tackle Inflation

The Iran Government has recently come up with the decision of changing the name of the its currency to toman. The unit of Iranian currency if Rial. According...

May 7, 2020

India Ratings expects FY21 GDP Growth to be the Lowest in 29 Years

India Ratings recently revised its economic growth estimate for the country to 1.9%- the lowest in nearly 3 decades. Recent Forecasts India Ratings has revised its prediction for...

April 30, 2020

COVID-19: Hike in Dearness Allowance for the year 2021 put on hold

The Government of India on April 23, 2020, put on hold to the hike in dearness allowance. This is being done by the union government to save Rs...

April 24, 2020

RBI: CPI Inflation to ease from 4.8% to 4.4% in Q2

On April 9, 2020, the Reserve Bank of India projected that the consumer Price Index is to ease from 4.8% in Q1 to 4.4% in Q2 of the...

April 9, 2020

FICCI study on Onion Price Rise: India should follow Israel, Brazil

India is witnessing price hikes in retail onion up to Rs 100 per kg currently in November 2019. Government had introduced the TOP-Tomato Onion Potato Scheme in 2018-19...

November 9, 2019

Ind-Ra lowers India’s GDP growth forecast in 2019-20 to 6.1% from 6.7% in August 2019

India Ratings and Research (Ind-Ra), a part of Fitch group has lowered India’s gross domestic product (GDP) forecast for financial year (FY) 2019-20 to 6.1%. This was second...

October 11, 2019

5% additional Dearness Allowance approved

Additional installment of Dearness Allowance and Dearness Relief was approved by the Union Cabinet on October 9, 2019. According to the approval, the central government employees are provided...

October 10, 2019

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