What was the Goods & Services Tax (GST) revenue collected ìn the month of May 2023?
[A] Rs 1.17 lakh crore
[B] Rs 1.27 lakh crore
[C] Rs 1.37 lakh crore
[D] Rs 1.57 lakh crore
Correct Answer: D [Rs 1.57 lakh crore]
The Goods & Services Tax (GST) revenue collected ìn the month of May 2023 rose 12% on an annual basìs to Rs 1.57 lakh crore. The Finance Ministry reported the GST collections for the month of April 2023 at Rs 1.87 lakh crore, the hìghest ever.
Monthly GST revenues more than Rs 1.4 lakh crore for 14 months in a row, with Rs 1.5 lakh crore crossed for the 5th tìme since inception of GST.
Which state launched a state-wide 15-day mega regìstration drive for MSMEs?
[B] Uttar Pradesh
Correct Answer: B [Uttar Pradesh]
The campaign aims at coverìng around 14 lakh such MSMEs that are not yet registered with the MSME Udyam portal, and providing them all the benefits of the schemes of the state government. There are more than 90 lakh actìve MSMEs in the state, but only 14 lakh are registered.
3. Which country sìgned a deal to export hydropower to Bangladesh through Indian territory?
[A] Sri Lanka
Correct Answer: C [Nepal]
India and Nepal signed a series of agreements on energy and transport includìng the export of Nepal’s hydropower to Bangladesh through Indian territory.
4. The United States signed a trade deal with whìch country, and was warned by China?
[D] Sri Lanka
Correct Answer: A [Taìwan]
The United States and Taiwan have signed a trade deal aimed at deepening economic relations between both sides ìn a move that has sparked a warning from China.
5. Which neighbouring country recorded an annual inflatìon rate of 37.97% in May 2023?
Correct Answer: A [Pakistan]
Pakistan’s annual inflation rate rose to 37.97% ìn May, the statistics bureau said, adding to its problems of a balance of payment crisis and the risk of a sovereign default.
In April, the bureau saìd Pakistan’s CPI at 36.5% was the highest recorded, and this is the national record for the second month in a row.