BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
According to Economic Survey 2017-18, which states has the greatest number of GST registrants?
A
Maharashtra, Madhya Pradesh, Tamil Nadu and Gujarat
B
Telangana, Uttar Pradesh, Tamil Nadu and Gujarat
C
Maharashtra, Uttar Pradesh, West Bengal and Gujarat
D
Maharashtra, Uttar Pradesh, Tamil Nadu and Gujarat
Explanation: 

Detailed explanation-1: -Highlights of the macro economy Gross Value Added (GVA): The GVA (at constant prices) is estimated at 6.1% in 2017-18 as compared to 6.6% in 2016-17. The agriculture and industry sectors are expected to grow at 2.1% and 4.4% respectively, while the service sector is estimated to grow at 8.3%.

Detailed explanation-2: -The Economic Survey 2017-18 focuses on the need to address the issues of pendency, delays and backlogs in the appellate and judicial arenas towards Ease of Doing Business.

Detailed explanation-3: -The services sector accounts for 54 per cent of India’s Gross Value Added (GVA). Its growth rate moderated to 7.5 per cent in 2018-19 from 8.1 per cent in 2017-18.

Detailed explanation-4: -At US$ 384 billion, Maharashtra is India’s biggest economy and contributes 15% to India’s GDP. It is also home to one of India’s most developed automobiles and auto components sector, as Maharashtra accounts for almost 35.1% of India’s automobile output by value.

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