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LECTURE 38
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Fast Track series for RBI Gr B and NABARD Gr A 2019
Economics and Social Issues (ESI) Current Finance Current Affairs for RBI and
Affairs for RBI and NABARD 2019 NABARD 2019
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Fast Track series for RBI Gr B and NABARD Gr A 2019
Our results
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TOPIC
ESI in news
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India’s CAD
For the full financial year, the CAD has increased to 1.9% of the
GDP in 2017-18 from 0.6% in 2016-17
This was due to India’s widening trade deficit which increased
to $160 billion in 2017-18 from $112.4 billion in 2016-17
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Features of the Fund
▪ It will have a corpus of Rs 2,000 crore and will be managed by the Department of Industrial Policy
and Promotion (DIPP)
▪ Only startups recognized and certified by the DIPP will be able to access this fund and each startup
will be eligible for loans of up to Rs 5 crore without collateral under this scheme.
▪ DIPP had recognized 14,036 startups in the country as of November 23, 2018, according to the most
recent Startup India status report
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➢ The Central Statistics Office (CSO) in the Ministry of Statistics and
Programme Implementation (MoS & PI) is responsible for the
compilation of National Accounts Statistics (NAS)
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The salient features of the Estimates:
▪ India's GDP is expected to rise to 7.2 per cent during 2018-19 compared to 6.7 per cent in the previous fiscal,
due to the improvement in the performance of agriculture and manufacturing sectors
▪ Real GDP or Gross Domestic Product (GDP) in the year 2018-19 is likely to attain a level of Rs 139.52 lakh
crore , This is 7.23 per cent higher than Rs 130.11 lakh crore reported during 2017-18
▪ The Per Capita Income in real terms (at 2011-12 prices) during 2018-19 is likely to attain a level of Rs 91,921,
up from Rs 86,668 for the year 2017-18
▪ The growth rate in Per Capita Income is estimated at 6.1 per cent during FY19, as compared to 5.4 per cent in
the same period last year
▪ Sector wise - manufacturing sector is expected to grow at 8.3 per cent this fiscal, up from 5.7 per cent in
2017-18
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▪ This is the first time that an agri export policy has been
formulate and which is comprehensive involving all related
sectors like R&D, clusters, logistics and transportation
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TOPIC
Finance in news
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Its mandate
▪ The committee’s major role will be to review the existing status of digitization of
payments in the country, identify the current gaps in the ecosystem and suggest
ways to bridge them
▪ Analyze and identify best practices that can be adopted to accelerate digitisation of
the economy and financial inclusion through the greater use of digital payments
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MCQs
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MCQs
Q1. “Credit Guarantee Fund for startups” is going to be setup under DIPP with a
corpus of __________?
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MCQs
Q2. Which of the following has held a workshop on Agri Export Policy recently?
d) NITI Aayog
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MCQs
Q3. As per the first advance estimates of National Income , India’s GDP is expected to
rise to _____ in the year 2018-19?
a) 7.6 %
b) 7.9 %
c) 7.2 %
d) 5.2 %
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MCQs
Q4. Nandan Nilekani Committee for “Digital Payments” has been appointed by which of
the following?
a) RBI
b) SEBI
c) NITI Aayog
e) Both a & d
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MCQs
Solutions
Q1. - d
Q2. - b
Q3. - c
Q4. - a
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