Credit Environment

What was the global GDP growth projection for the year 2023 as per IMF? 

• 3.40%

• 2.80%

• 3.00%

• 2.70%

What was India's real Gross Domestic Product (GDP) growth for FY2023? 

• 7.00%

• 7.20%

• 6.50%

• 6.70%

Which sector in India exhibited the highest growth in FY2023? 

• Agriculture and allied activities 

• Manufacturing 

•  Trade, hotels, transport, and communication 

• Services sector

What was the percentage growth of India's merchandise exports in FY2023?

• 6%

• 16.50%

• 14%

• 9.50%

What was the inflation rate in India for FY2023 (average CPI)? 

• 5.50%

• 6.70%

• 8.70%

• 7.00%

Which payment mode accounted for approximately 75% of total digital payments in India? 

• Credit cards 

• Debit cards 

• UPI (Unified Payments Interface) 

• Mobile wallets

What is the projected real GDP growth (appx) for India in FY2024?

• 6.00%

• 6.50%

• c) 7.0% 

• d) 5.8%

What notable development did RBI focus on during FY2023? 

• Monetary policy actions 

•  Improving asset quality 

•  Thrust towards accommodating climate-induced financial risk in banks' risk management framework 

•  Increasing benchmark yields