Indian Economy Related Objective Type Question for June 2012

 Current Economy June Quiz

1) With growing economic uncertainty in the global markets,particularly the U.S and Europe,India's exports have seen consistent decline since mid 2011.The Govt. data released in April 2012 showed that in Feb. 2012 exports stood at $24.6 billion,a growth of
1) 3.1 Percent
2) 4.2 Percent
3) 4.7 Percent
4) 5.5 Percent

Ans 2

2) Which of the following on April 2,2012 reached an agreement with Malaysian financial services major CIMB Group to sell its cash equities,equity capital markets and mergers and acquisition business in India as well as in 10 other Asia-pacific markets?
1) Citibank
2) Royal bank of Scotland
3) Standard and chartered Bank
4) Dseutche Bank

Ans 2

3) Planning Commission Deputy Chairman Montek Singh Ahluwalia announced in April 2012 that India has reached an agreement with an Asian Country to set up a policy co-ordination working group to get rid of "impediments" that have held up mutual investment.Which is that country?
1) Japan
2) China
3) Malaysia
4) Singapore

Ans 2

4) The Board for Reconstruction of public Sector Enterprises(BRPSE) on April 6,2012 recommend a Rs.950 Crore package to nurse which of the following back to health?
1) ONGC
2) SAIL
3) HMT
4) GAIL

Ans 3

5) The Reserve bank of India(RBI) on April 9,2012 allowed all licensed banks including which of the following to transfer funds through the centralized electronic payment system as sub-members?
1) Urban Co-operative banks
2) State Co-operative banks
3) District central Cooperative banks
4) All of the above

Ans 4

6) The Central Govt. in April 2012 imposed anti-dumping duty on imports of which of the following from Israel and Taiwan for five years?
1) Phosphoric acid
2) Helium Gas
3) Sulphuric Gas
4) Potash

Ans 1

7) Which country in April 2012 called on India to formulate a joint strategy on marketing and export of premium Basmati rice to counter the non tariff barriers imposed by other countries?
1) Pakistan
2) China
3) USA
4) Canada

Ans 1

8) The world Trade organization(WTO) in April 2012 projected a further slowdown in world trade,pegging the growth at what percent for 2012?
1) 3.7 Percent
2) 3.1 Percent
3) 4.4 Percent
4) 2.8 Percent

Ans 1

9) India offered stake to which country in April 2012 in the Petrochemicals complex at Dahej in Gujarat,Indian oil Corporation(IOC) LNG Project in Ennore, Tamil Nadu, BPCL's Petrochemical Project in Manglore and investment opportunity in the Paradip Refinery?

1) Kuwait

2) Saudi Arabia

3) Qatar

4) Iran

Ans 3

10) Union Govt. decided on 1 million cap on External Commercial Borrowing for which of the following sector?

1) Handicraft & small Industries Sector

2) Power Sector

3) Aviation Sector

4) Insurance Sector

Ans 3

11) The cabinet committee on Economic Affairs(CCEA) on 12 April 2012 also approved anad-Valorem Regime for calculating royalty for which of the following?

1) Coal & Iron Ore

2) Coal & Lignite

3) Lignite & Copper

4) Lignite & Zinc

Ans 2

12) According to the data provided by the Export Promotion Council for Handicrafts(EPCH) in April 2012,India's Handicrafts exports increased by what percent year on year to $ 2.7 billion in the 2011-12 fiscal?

1) 14.2%

2) 17.5%

3) 15%

4) 12.3%

Ans 2

Posted in: currentaffairs,Economy 2012,gk