CURRENT AFFAIRS

2017

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which government organisation planned to invest 20, 000 crores in Equities in the year 2017-2018?
A
International Manpower Organisation
B
Employees Provident Fund Organisation (EPFO)
C
Structure and Organization of Government (SOG)
D
Marine Management Organisation
Explanation: 

Detailed explanation-1: -It was presented before the parliament on 1 February 2017 by the Finance Minister of India, Arun Jaitley with 21.47 lakh crore rupees (US$336.39 billion) budget size.

Detailed explanation-2: -How the Indian government spends money? The government of India spends a major share, nearly 50%, of its budget on interest, defence, subsidies, health and education.

Detailed explanation-3: -46/16.20. 000/2008-09 dated January 30, 2009 on Investments in Non-SLR securities by Primary (Urban) Co-operative Banks. Paragraph 2(i) of the circular states that the non-SLR investments shall be limited to ten per cent of a bank’s total deposits as on March 31 of the previous year.

Detailed explanation-4: -The 2016 Union budget of India is the annual financial statement of India for the fiscal year 2016–2017. It was presented before the parliament on 29 February 2016 by the Finance Minister of India, Arun Jaitley.

There is 1 question to complete.