Current Affairs MCQs Related to Economy and Business

Economics & Business 20 Solved Questions Quiz for the SBI Clerk Exam

1) As per the data released in March 2012,India exports registered how much growth in January 2012 at $25.34 billion with the demand from the western markets remaining weak?

1) 10.1 Percent

2) 8.4 Percent

3) 9.8 Percent

4) 12.2 Percent

2) The union cabinet on march 1,2012 approved the proposal to bring down the quantum of subsidy on decontrolled fertilizers fro 2012-13.Which of the following are those fertilizers?

1) Phosphatic (P)

2) Potassic (K)

3) Nitrogenous (N)

4) Only 1 and 2

3) in an innovative mechanism to partally make up for the short fall in the disinvestment target set for the current fiscal,the union cabinet in March 2012 approved buy-back of the centre's equity by cash-rich public sector undertakings.what was the target ?

1) Rs 20,000 Crore

2) Rs 30,000 Crore

3) Rs 40,000 Crore

4) Rs 50,000 Crore

4) A commerce ministry statement in march 2012 showed that imports of sensitive items,went up by 44.7 percent to Rs 75,948 Crore in April-Dec. 2011 from Rs 52,492 Crore in the year ago period.which items are in reference here?

1) Fruits

2) Vegetable

3) Edible oils

4) All of the above

5) Spice Jet on March 2, 2012 said its promoters agreed to infuse Rs 100 Crore fresh funds into the airline in exchange for an additional equity of 42.9 million shares,aggregating to

1) 5 percent

2) 10 percent

3) 15 percent

4) 20 percent

6) The directorate general of foreign trade(DGFT) issued a notification in March 2012 prohibiting export of which of the following commodities with immediate effect?

1) Onion

2) Sugar

3) Cotton

4) Pulses

7) Global mining giant Rio Tinto announced Plans to invest $ 2 billion in iron ore and diamond mining projects in Madhya Pradesh and

1) Rajasthan

2) Orissa

3) West Bengal

4) Jharkhand

8) Which of the following in March 2012 joined hands to set up India's first $2 billion infra structure Debt. Funds(IDF)?

1) ICICI Bank

2) Citi Finanacial

3) Bank of Baroda and life Insurance Corporation

4) All of the above

9) The PMO office in March 2012 stepped in to the fast track the development and use of inland water transport(IWT) which opens the water route for movement of bulk cargo such as

1) Coal

2) Food grains

3) fertilizers

4) All of the above

10) During Feb. 2012 Indian companies invested around how much abroad with reliance industries Ltd. and Tata Sons emerging as major investors?

1) $ 1.01 billion

2) $ 2.01 billion

3) $ 3.01 billion

4) $ 4.01 billion

11) The RBI on March 9,2012 reduced the cash Reserve Ratio(CRR) by how many basis points with effect from March 10,2012 ?

1) 25 points

2) 50 points

3) 75 points

4) 100 points

12) As per the data released in March 2012, imports grew at a faster rate year-on-year at $39.8 billion, Translator into a trade deficit of $15.2 billion during the month.What was the % of this faster rate?

1) 12.4 Percent

2) 16.2 Percent

3) 20.6 Percent

4) 26.8 Percent

13) Ranbaxy Laboratory in March 2012 announced the opening of its new production facility in which African countries,which would help it access the African nation $1 billion pharmaceutical market ?

1) Morocco

2) Rwanda

3) republic of Congo

4) Botswana

14) Telecom company Etisalat, in March 2012 announced to have started proceedings for winding up operations of its Indian venture. Etisalat is based in which of the following countries ?

1) UAE

2) Saudi Arabia

3) Malaysia

4) Iran

15) The International Air Transport (IATA) in March 2012 urged the Indian Govt. to address which of the following issues to remove the shackles of the available sector?

1) High Fuel tax

2) High Service Tax

3) Cost and Infrastructure

4) All of the above

16) In a major relief to the airlines industry, the union Budget 2012-13 presented in the Parliament on March 16,2012, proposed to allow it to raise funds through external commercial borrowings worth how much for a year?

1) $1 billion

2) $2 billion

3) $5 billion

4) $10 billion

17) Giving Push to the infrastructure sector in the budget, Finance minister Pranab Mukherjee, in March 2012 allowed financial institutions to raise about how much from Tax-free bonds and opening decks for larger private participation ?

1) Rs 30,000 crore

2) Rs 50,000 crore

3) Rs 60,000 crore

4) Rs 75000 crore

18) Which bank in March 2012 announced its share holders to have approved Rs 7900 crore capital infusion by the government?

1) Punjab National Bank

2) Indian overseas Bank

3) State Bank India

4) Oriental bank of commerce

19) Tata Motors owned Jaguar Land Rover 2012 ti have finalized cherry Automobile company as partner to form an equal Joint Venture ?

1) Japan

2) Brazil

3) China

4) South Africa

20) In a significant move The Reserve Bank of India in March 2012 tightened the rules for lending against ----- jewellery by Non- Banking finance company (NBFC's)

1) Diamond

2) Gold

3) Silver

4) All of the above

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