Govt. Exams
Entrance Exams
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.
The Indian Supreme Court achieved the milestone of disposing over 10,000 cases in 2024, part of Chief Justice initiatives to reduce case backlogs.
Emilia Pérez, a French-Mexican film directed by Jacques Audiard, won the Palme d'Or at the 2024 Cannes Film Festival.
# India's RBI Inflation Target Band 2024
The Reserve Bank of India maintains a specific inflation target range to balance economic growth with price stability.
Step 1: Understanding RBI's Inflation Mandate
The RBI operates under a flexible inflation targeting framework established by the Government of India, aiming to keep Consumer Price Index (CPI) inflation within a predetermined band to ensure monetary policy credibility and economic stability.
Step 2: 2024 Inflation Performance
Throughout 2024, India's CPI inflation remained primarily within the RBI's medium-term target band of 2-6%, fluctuating between these limits despite various economic pressures. The RBI used this band as its operational framework to guide monetary policy decisions and interest rate adjustments.
The correct answer is (D) 2-6%, which represents the RBI's official inflation target band that India's CPI remained within for most of 2024.
India's unemployment rate in Q3 2024 was around 4.1%, showing a stable labor market despite global economic headwinds.
Ahmedabad was designated as the World Design Capital 2024 by the International Council of Societies of Industrial Design.
India set an ambitious target to manufacture 15 billion semiconductor chips annually by 2030 under its semiconductor mission launched in 2024.
# FDI Inflows to India in 2024
Foreign Direct Investment (FDI) represents capital inflows from foreign investors into a country's economy, serving as a key indicator of economic attractiveness and growth potential.
## Step 1: Understanding FDI Context for India
India has emerged as one of the world's fastest-growing economies and a preferred destination for global investors due to its large market, demographic dividend, manufacturing potential, and business-friendly policies under initiatives like "Make in India" and improved ease of doing business rankings.
## Step 2: 2024 FDI Projection Analysis
According to World Investment Report 2024 and various international financial agencies, India's FDI inflows in 2024 were projected at approximately 81.04 billion USD, reflecting consistent investor confidence despite global economic uncertainties. This figure represents growth from previous years and positions India among the top FDI recipient nations globally.
The correct answer is (D) 81.04 billion USD — representing a significant inflow that underscores India's robust economic fundamentals and investor sentiment.
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.
'All We Imagine as Light' directed by Payal Kapadia won critical acclaim at Cannes Film Festival 2024.
