June 2023

(a) 5.4% of GDP (b) 6.4% of GDP (c) 7.4% of GDP (d) 8.4% of GDP Ans.(b) Sol. The Union government met its fiscal deficit target of 6.4% of GDP for FY22-23.

(a) 25% (b) 47% (c) 65% (d) 80% Ans.(b) Sol. The existing godowns can store only up to 47% of India’s foodgrains production, highlighting the need for increased storage capacity to reduce wastage and optimize food security.

(a) Reduce fiscal deficit to 4.5% of GDP by 2025-26 (b) Reduce fiscal deficit to 6.4% of GDP by 2022-23 (c) Increase fiscal deficit to 9.2% of GDP by 2021-22 (d) Maintain fiscal deficit at 6.7% of GDP in FY21-22 Ans.(a) Sol. The Finance Minister aims to achieve a steady decline in the fiscal deficit,

(a) Nordic Council (b) EurogroupWhich of the following subset of EU member states uses the euro as their official currency? (c) European Economic Area (d) Eurozone Ans.(d) Sol. The Eurozone consists of EU member states that have adopted the euro as their official currency.

(a) 2001 (b) 2005 (c) 2010 (d) 2014 Ans.(d) Sol. The New Development Bank (NDB) was established by BRICS countries in 2014 to provide resources for infrastructure and sustainable development projects in BRICS nations and other emerging economies.

(a) 700 lakh tonnes (b) 1,450 lakh tonnes (c) 2,000 lakh tonnes (d) 2,150 lakh tonnes Ans.(d) Sol. The scheme aims to add 700 lakh tonnes of storage capacity, expanding the total storage to 2,150 lakh tonnes over the next five years.

(a) New Delhi (b) Mumbai (c) Meghalaya (d) Kolkata Ans.(c) Sol. The India-EU Connectivity Conference will be inaugurated in Meghalaya, which is located in the North Eastern region of India.

(a) China (b) Brazil (c) India (d) South Africa Ans: (d) Sol. South Africa is currently chairing the BRICS bloc and is hosting the foreign ministers’ meeting in Cape Town.