Page 10 - General_Knowledge_7

5 Economic Milestones

of india

Fill in the blanks :

1. The Goods and Services Tax (GST) was implemented in India on , aiming
to unify the indirect tax structure.

2. India’s first digital payment app, , was launched as part of promoting
cashless transactions.

3. The Insolvency and Bankruptcy Code (IBC) was enacted in the year to
resolve issues of bad loans and insolvency.

4. The Government of India launched the Make in India initiative in , to
boost manufacturing and attract foreign investments.

5. In 2020, the Government of India introduced the to provide financial
support and revive the economy during the COVID-19 pandemic.

6. The Indian economy achieved its highest GDP growth rate of % in the
financial year 2016-17.

7. was launched in 2014 to provide affordable insurance to the unorganized
sector and economically vulnerable citizens.

8. The Reserve Bank of India (RBI) introduced a digital currency pilot program called
in 2022.

9. The Startup India initiative, aimed at fostering entrepreneurship and innovation, was launched
on .

10. India achieved the milestone of becoming the world’s largest economy
in terms of nominal GDP in 2022.

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