Current Affairs

GK MCQs Section

Page-26 of GS-III: Economy & Economic Development

GST Collections Fail To Reach Predicted Limit

Goods and Services Taxes, that had been struggling over the past quarters, have seen better days over the past two months. In December, collections rose by 8.9% year-on-year,...

November 24, 2023

The level of bad loans under PM Mudra Yojana have been increasing, analyse the steps which need to be taken to fix the Mudra Scheme.

The total NPA in the MUDRA scheme have jumped to 2.68 percent in FY19 from 2.52 percent in FY18. Since inception, over 19 crore loans have been extended...

November 23, 2023

With Rising inflation and deceleration of the economy, Reserve Bank of India (RBI) in its fifth monetary policy has kept the repo rate unchanged . How does it fare for the economy and what measures can be adopted to boost the economy ?

The RBI’s fifth monetary policy statement sees the repo rate unchanged at 5.15%. All six members of the MPC, unanimously voted in favour of maintaining the status quo...

November 23, 2023

The country is currently embroiled in a low growth and high inflation conflict which raises the root cause of the crisis. Elucidate.

The Economic data released by the government suggests that the country may be heading towards stagflation. As per the Index of Industrial Production (IIP) a figure of 3.8%...

November 23, 2023

The Government of India is considering a cut in personal income tax rates. Comment on whether a tax cut can help.

With various economists, both in and outside the government, advocating for a cut in personal income tax to boost the economy. It’s time we seriously analyse whether a...

November 22, 2023

Stagflation in India

The term Stagflation was coined by Iain Macleod, a Conservative party MP in the UK. Simply put, stagflation is a situation in which inflation rate is high, economic...

November 21, 2023

Alternatives to revive the economy

The economy is in the state of liquidity trap as highlighted by Keynes during the time of depression. It depicts the period when lowering interest rates has ceased...

November 20, 2023

Critically discuss the impact of COVID-19 pandemic on Start-up ecosystem of India.

COVID-19 has adversely impacted the overall investment sector. While businesses across all sectors can sense the repercussions of COVID-19, start-ups have particularly been one of the most vulnerable....

November 20, 2023

Compliance and Competitiveness with GST

The Goods & Services Tax or GST can be touted as the biggest fiscal reform being embarked upon post-independence, which restated the Centre-State relationship. GST changed the way...

November 19, 2023

Is the new seeds Bill titled against farmers’ interests and is in favour of seed companies ? Discuss.

The seed bill 2019 has had two earlier versions in 2004 and 2010, which have been more or less the same. As per the government, a new seeds...

November 17, 2023

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