Daily ( 03 Feb ) One Liner : 10 Questions
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1. What is the rank of India in the list of wealthiest countries? Sixth
✍🏻 Note ➢ According to a report by New World Wealth, India has been ranked sixth in the list of wealthiest countries with the total wealth of 8,230 billion US dollars. ➢ The United States is the wealthiest country in the world as the total wealth held in 2017 amounted to 64,584 billion dollars. ➢ China at the second place with 24,803 billion dollars and Japan with 19,522 billion dollars at third.
2. According to the World Economic Forum (WEF), India’s ranked among emerging economies on an Inclusive Development Index (IDI-2018) ____ 62nd.
✍🏻 Note: ➢ The index takes into the account the living standards, environmental sustainability and protection of future generations from further indebtedness.
3. According to the Reserve Bank of India (RBI), largest source of Foreign Direct Investment (FDI) in India in FY17____Mauritius.
✍🏻 Note: ➢ It has 21.8% share at market value.
4. According to the IMF’s latest World Economic Outlook (WEO) update, India’s GDP growth forecast for 2018___7.4%.
✍🏻 Note: ➢ India’s GDP growth forecast has projected to 7.4% in 2018 and 7.8% in 2019. ➢ China is expected to grow at 6.6% and 6.4% for year 2018 and 2019, respectively.
5. According to 2018 Economic Survey of India, India’s GDP growth prediction for FY19 ____7 to 7.5%.
6. Paytm and AGTech Holdings Ltd have formed a joint venture to launch a gaming platform aimed at mobile users in India___Gamepind.
✍🏻 Note: ➢ The joint venture between Alibaba’s AGTech (45%) Holdings and Paytm (55%)was originally signed in July 2017.
7. Who has collaborated with DP World to create an investment platform for ports, terminals, transportation, and logistics businesses in India___ National Investment and Infrastructure Fund (NIIF).
8. Indian bank has signed a pact with National Housing Bank (NHB) for Rural Housing Interest Subsidy Scheme (RHISS) scheme_____ Indian Overseas Bank.
✍🏻 Note: ➢ The purpose of the RHISS is to provide subsidy for housing loans taken by those living in rural areas for construction and modifications of their dwelling units. ➢ Now, IOB will be able to extend the benefit of RHISS to its rural home loan customers of its 923 rural branches spread across India.
9. Indian’s first company to cross the Rs. 6-lakh crore mark in market capitalization ____Reliance Industries (RIL).
✍🏻 Note: ➢ RIL is owned 40% by its chairman Mukesh Ambani ➢ According to Bloomberg’s billionaire index, he is the richest Indian with the personal wealth of USD 40.7 billion and the 20th richest globally.
10. Who has been appointed the new Chief Election Commissioner (CEC) ___Om Prakash Rawat.
✍🏻 Note: ➢ He succeeds the incumbent CEC, A K Joti (retires today). ➢ Former Finance Secretary Ashok Lavasa has been also appointed as Election Commissioner to fill the vacancy created by Mr. Rawat’s elevation
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