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.
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, which Indian metropolitan area was ranked as the fastest-growing in terms of economic output?
ADelhi-NCR
BMumbai
CBangalore
DHyderabad
Correct Answer: C. Bangalore
Explanation:
Bangalore continued to rank as one of India's fastest-growing metropolitan areas in 2024, driven by IT sector growth, startups, and technology investments.