What was India's merchandise export value growth rate in 2024 compared to 2023?
A5-6%
B-2 to -1% (negative growth)
C8-10%
D3-4%
Correct Answer:
B. -2 to -1% (negative growth)
EXPLANATION
India's merchandise exports faced headwinds in 2024 with slight contraction compared to 2023, primarily due to global economic slowdown and reduced demand for textiles and pharmaceuticals.
In 2024, India's inflation rate (CPI) remained within which RBI target band for most of the year?
A2-4%
B3-5%
C4-6%
D2-6%
Correct Answer:
C. 4-6%
EXPLANATION
The RBI's inflation target is 4% with a tolerance band of ±2%, making the range 2-6%. However, most of 2024 saw CPI inflation in the 4-6% range due to food price pressures.
India's inflation rate as per RBI data in mid-2024 was approximately:
A2.5-3.0%
B5.5-6.5%
C7.0-8.0%
D8.5-9.0%
Correct Answer:
B. 5.5-6.5%
EXPLANATION
India's inflation rate in mid-2024 hovered around 5.5-6.5%, within the RBI's tolerance band, with the central bank maintaining its monetary policy stance.