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Current Affairs January 2024

Direction.

DIRECTIONS (Qs. 101-105) : Read the following passage carefully and answer the questions given below it.
The finance ministry on Monday said the Union budget would be growth-oriented, implicitly signaling that it will address the investment crisis in the Indian economy. Given the fiscal constraints and other parameters under which the government has to function, the effort of the government is to present a budget which is growthoriented, that maintains the momentum of growth and tries to develop on it, economic affairs secretary Shaktikanta Das said in an interview with DD News uploaded on YouTube on Monday.
According to Das, the budget will also detail new measures to support ongoing programmes such as Start-up India, Standup India, Make In India, Digital India and the Skill mission all of which have a strong focus on creating jobs. Finance minister ArunJaitley will be presenting his third budget on 29 February at a time when private investment has dried up and the exchequer has had to incur higher expenditure due to implementation of the One Rank One Pension scheme for the armed forces and the recommendations of the Seventh Pay Commission. That may cramp the governments ability to accelerate public investment to revive economic growth while sticking within the confines of its fiscal deficit targets. Some parts of the government believe that the emphasis should be on growth and not fiscal consolidation. Other parts, and the Reserve Bank of India, believe the finance minister should adhere to his fiscal commitments made in the last budget.
Without revealing whether the government will digress from the path of fiscal consolidation, Das said the governments priority is to take a balanced view on the expenditure requirement to keep our growth momentum and to what extent we can borrow. Care Ratings chief economist MadanSabnavis said the government has to increase its allocation for public investment on infrastructure to stimulate growth. I expect government to spend ? 10,000-20,000 crore additional amount on infrastructure. Given nominal GDP (gross domestic product) is not expected to expand significantly, the leeway for the government to spend more may not be there while keeping fiscal deficit within 3.7-3.9% of GDP. So I dont expect a big-bang push for infrastructure spending given the fiscal constraint, he said.
The finance ministry revealed more contours of its budget when minister of state for finance JayantSinha, also in an interview to DD News, said the four pillars of the budget will be poverty eradication, farmers prosperity, job creation and a better quality of life for all Indian citizens. This budget will be a forward looking budget that will ensure that India will continue to be a haven of stability and growth in a very turbulent and choppy global economic environment, he added.
The government has been contemplating tax incentives to companies in the manufacturing sector, including tax deductions on emoluments paid to new employees, to encourage firms to step up hiring and create jobs under its Make in India initiative. The government published suggestions that it has received internally from various government departments and other stakeholders on the mygov.in website, seeking further ideas and comments from the public. Suggestions being considered by the government include financial incentives, tax incentives under the Income Tax Act, 1961, and subsidies for equipping employees with job skills, and upgrading and improving employment exchanges. Another suggestion is to expand the scope of the tax deduction currently available to companies that add at least 10% to their workforce in a year by lowering the threshold. This incentive is available only in cases of employees who earn less than ? 6 lakh a year.

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4

What does this mean that India will continue to be a haven of stability?

A. That new budget will make India stable forever.

B. The four pillars of budget will lead to make stability.

C. India will continue towards stability even in disturbed economic environment.

D. The budget will remain unchanged even in turbulent and choppy economic environment.

Correct Answer :

C. India will continue towards stability even in disturbed economic environment.


The new budget is based on four pillars: poverty eradication, farmers' prosperity, job creation and a better quality of life for all Indian citizens. The new budget will ensure that India will continue towards stability even in disturbed and choppy situations.

Related Questions

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4

Statement : M @ O, O % P, P � N
Conclusion:
I. P � M
II. N @ O
III. N % O

A. Only I is true

B. Ony II is true

C. Both II and III are true

D. Either II or III is true

What is the correct answer?

4

CORPULENT

A. Lean

B. Gaunt

C. Emaciated

D. Obese

What is the correct answer?

4

Aggregation of risks is somewhat quite new to banks in India. While some banks have started thinking in that line by trying to put integrated limits framework and integrated risk policies as well as using CBS solutions for technological integration, the effort required is beyond such requirement. Risk aggregation would mean aggregating the individual risk measures to decide most appropriate assets class that would contain the risk to the desired level dictated by the risk appetite .Capital allocation (about how much) would be based on such strategies………..

A. Most banks are yet to conceptualize the same in their processes

B. Most banks have already integrated it in their functioning; it is working over the years satisfactorily.

C. Which would in long run prove to be the growth impeding

D. Of risk aggregation which is really a new concept to Indian banks

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4

From the given options, choose the option that does not fit into the theme of the passage.

A. India has 13 of the 20 most polluted cities in the world, according to the World Health Organization.

B. The government should redouble its efforts to combat climate change, which will naturally slash not just greenhouse-gas emissions but particulates as well.

C. Every year, more than half a million people are estimated to die prematurely because of air pollution.

D. While air quality tends to worsen around this time of year as millions of Indians light firecrackers to celebrate the Diwali festival, the problem isnt limited by season or geography.

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4

Statement: You are hereby appointed as a programmer with a probation period of one year and your performance will be reviewed at the end of the period for confirmation. - A line in an appointment letter.
Assumptions:
I. The performance of an individual generally is not known at the time of appointment offer.
II. Generally an individual tries to prove his worth in the probation period.

A. If only assumption I is implicit

B. If only assumption II is implicit

C. If either I or II is implicit

D. If both I and II are implicit.

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4

276.75 + 4% of 678 + 0.0169 = ?

A. 304

B. 124

C. 122

D. 228

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4

Statements: All trees are plants. All houses are trees. Some pots are plants. All tools are plants.
Conclusions:
I. Some plants are not houses
II. Some tools being trees is a possibility
III. All pots are tools is a possibility.
IV. All houses are tools is a possibility.

A. Only III and IV follow

B. Only II, III, and IV follow

C. Only I and IV follow.

D. All follow.

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4

Who among the following have seminar on Friday?

A. I, E

B. H, J

C. B, A

D. D, E

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4

Please select the most appropriate option

A. If you try to understand the concept in the class you will not only remember it but also will not be able to put to use while solving even the difficult exercises.

B. If you tried to understand the concept of the whole class, you will not only remember it, but also can put to use while solving even the difficult exercises.

C. If you tried to understand the concept in the class, you would not only remember it but also can put it to use while solving even the difficult exercises.

D. If you tried to understand the concept in the class, you would not only remember it but also could put it to use while solving even the difficult exercises.

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4

Who is Y's husband ?

A. Q

B. P

C. X

D. Can't be determined

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4

To curb black money in the economy, which of the following committees has been formed in 2016?

A. Deepak Mohanty Committee

B. Suresh Prabhu Committee

C. Justice BM Shah committee

D. Nachiket Mor Committee

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4

Out of 6 green ball, 4 blue ball, in how many ways we select one or more balls ?

A. 42

B. 34

C. 31

D. 22

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4

Statement: In order to bring punctuality in our office, we must provide conveyance allowance to our employees. - In charge of a company tells Personnel Manager.
Assumptions:
I. Conveyance allowance will not help in bringing punctuality.
II. Discipline and reward should always go hand in hand.

A. If only assumption I is implicit

B. If only assumption II is implicit

C. If either I or II is implicit

D. If neither I nor II is implicit

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4

5x + 2y = 31
3x + 7y = 36

A. x > y

B. x < y

C. x >= y

D. x <= y

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4

Who among the following person has seminar at 3 P.M?

A. C

B. G

C. I

D. F

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4

Ashok can row upstream at 8 kmph and downstream at 12 kmph.What is the speed of the stream ?

A. 6 km/hr

B. 3 km/h

C. 2 km/hr

D. 4 km/hr

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4

In the Union Budget 2017-18, the MGNREGA allocation is to be ___________

A. Rs. 48,000 crore

B. Rs. 38,000 crore

C. Rs. 56,000 crore

D. Rs. 33,000 crore

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4

Which among the following is not an Object Oriented Programming Language?

A. Python

B. PASCAL

C. Java

D. C++

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4

6 16 45 184 917 ?

A. 5506

B. 4756

C. 5786

D. 5686

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4

Statement : A � C, C $ B, B % E
Conclusion :
I. E @ C
II. B @ A
III. A � E

A. Only I is true

B. Ony II is true

C. Both I and II are true

D. Both I and III are true

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4

Which among the following is the slogan of Allahabad Bank?

A. A tradition of trust

B. World wise

C. Honour your trust

D. Invest with confidence

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4

A box contains 5 green, 4 yellow and 3 white marbles. Three marbles are drawn at random. What is the probability that they are not of the same colour ?

A. 40/44

B. 44/41

C. 41/44

D. 40/39

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4

How is household savings related to overall economic growth? Give your answer in the context of the passage?
(A) Overall economic growth is directly related to household savings.
(B) Overall economic growth is inversely proportional to household savings.
(C) There is no specific relationship between overall economic growth and household savings.

A. Only (C)

B. Only (B)

C. Only (A)

D. Either (A) or (B)

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4

Which of the following groups of people represents the people sitting at extreme ends of both the rows ?

A. MSD, P.V.Sindhu, Sardana Singh, Dipa Karmakar

B. Sakshi Malik, Abhinav Bindra, Sathish,P.V.Sindhu

C. Sakshi Malik, P.V. Sindhu, Sardana Singh, Dipa Karmakar

D. MSD, P.V.Sindhu, Sardana Singh, Abhinav Bindra

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4

A slice from a circular pizza of diameter 14 inches is cut in a such a way that each slice of pizza has a central angle of 45°. What is the area of each slice of Pizza(in square inches)?

A. 16.25

B. 19.25

C. 18.25

D. 17.25

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4

NONDESCRIPT

A. Conducive

B. Discern

C. Tantamount

D. Defined

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4

A five digit number is formed with the digits 0,1,2,3 and 4 without repetition. Find the chance that the number is divisible by 5.

A. 3/5

B. 1/5

C. 2/5

D. 4/5

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4

What is Cash Reserve Ratio?

A. Deposits of banks in government securities

B. Rate at which banks borrow funds from the RBI

C. Deposits (as cash) which banks have to keep/maintain with the RBI

D. Rate at which RBI borrows money from the banks

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4

What is the difference between the no of players participating in Football in the year 2012 and the no of players participating in Cricket in the year 2015 ?

A. 1000

B. 2000

C. 2200

D. 1700

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4

Which among the following is a term representing unit of data storage in computer memory?

A. Pixel

B. Decimal

C. Octet

D. Point