IBPS PO General Awareness: Economy questions with solutions

Q1. As per the latest data available as of March 2024, which state in India has emerged as the leader in terms of the highest number of Micro, Small, and Medium Enterprises (MSMEs), contributing over 17% to the country's total MSMEs?

1. Maharashtra
2. Tamil Nadu
3. Uttar Pradesh
4. Gujarat

Answer: Uttar Pradesh

Uttar Pradesh has the highest number of MSMEs in India and contributes over 17% to the country’s total MSME base. This makes it the leading state in terms of MSME count as of the given data.

Q2. How many Multi-Modal Logistics Parks will be set up in India?

1. 11
2. 17
3. 21
4. 35

Answer: 35

India's logistics infrastructure plan includes setting up Multi-Modal Logistics Parks to improve freight movement and reduce logistics costs. The correct number is 35.

Q3. Agriculture export potential as per Union Budget 2018–19?

1. 500 billion
2. 100 billion
3. 150 billion
4. 200 billion

Answer: 100 billion

In Union Budget 2018–19, the government mentioned a target of $100 billion for agricultural exports. This was part of the broader focus on boosting farm income and agri-trade. Therefore, the correct option is 100 billion.

Q4. What is the e-agri marketing initiative launched by Indian Tobacco Company Ltd.?

1. e-kisan
2. e-market
3. e-chaupal
4. e-nam

Answer: e-chaupal

ITC launched e-Choupal as an e-agriculture initiative to provide farmers with market information and direct access to buyers. It is widely recognized as a rural digital empowerment model.

Q5. What is India's global ranking in terms of the size of its startup ecosystem, with over 1,12,718 DPIIT-recognized startups across 763 districts?

1. 1st
2. 2nd
3. 3rd
4. 4th

Answer: 3rd

India is ranked 3rd globally in terms of the size of its startup ecosystem. The figure mentioned refers to DPIIT-recognized startups spread across many districts.

Q6. The share of exports of products related to India's MSME during the year 2018-19 stood at:

1. 49.60 per cent
2. 48.50 per cent
3. 48.10 per cent
4. 47.40 per cent

Answer: 48.10 per cent

As per the MSME-related economic data for 2018-19, the share of exports stood at 48.10 per cent. This is a factual current-affairs/economy question.

Q7. Which of the following departments, along with NITI Aayog, aims to cut government stake in select Central Public Sector Enterprises to below 51%?

1. DIPP
2. DIT
3. DIPAM
4. DCPSE

Answer: DIPAM

DIPAM stands for the Department of Investment and Public Asset Management. It works with NITI Aayog on disinvestment-related matters, including reducing government stake in select CPSEs below 51%.

Q8. As per the recent announcement by the Union Minister of Commerce and Industry in January 2022, the Government targeted $650$ billion in exports in the current financial year. What will be the contribution of the service sector to achieve the target?

1. USD 100 billion
2. USD 250 billion
3. USD 300 billion
4. USD 350 billion

Answer: USD 250 billion

In the January 2022 announcement, the government set an export target of $650$ billion for the financial year, with the service sector expected to contribute USD 250 billion. This was part of the broader export strategy.