MCQ's Related to Economic/Financial and Banking Awareness

Current General Awareness 2012

1) The Reserve Bank of India(RBI) in March 2012 hiked bank rate for Primary cooperative banks to

1) 10.5 percent

2) 9.5 percent

3) 5.5 percent

4) 8 percent

5) 7 percent

Ans 9.5 percent

2) Which Indian City in March 2012 became the first one to provide guaranteed land titles by    distributing property cards?

1) Hyderabad

2) Mysore

3) Mangalore

4) Ahmedabad

5) Chandigarh

Ans Mysore

3) IT Company HCL technologies Ltd. in March 2012 signed a five year information technology outsourcing deal worth ------- with finnish recyclable product maker UPM.

1) $ 50 million

2) $ 100 million

3) $ 150 million

4) $ 250 million

5) $ 300 million

Ans $ 300 million

4) The department of information technology in March 2012 has been renamed as ----

1) Department of electronics

2) Department of IT

3) Department of Electronics and IT.

4) All of the above

5) None of these

Ans  Department of Electronics and IT

5) India in March 2012 banned --------- exports to ensure supplies for domestic industry.

1) Cotton

2) Sugarcane

3) Jute

4) Coffee

5) Tea

Ans Cotton

6) Delhi government in March 2012 raised the price of compressed natural gas (CNG) by --- per Kg.

1) Rs 1

2) Rs 1.45

3) Rs 1.60

4) Rs 1.90

5) Rs 2.10

Ans Rs 1.90

7) India in March 2012 announced ------ aid for skill development and education for the Afro-Asian Rural development organization (AARDO).

1) $ 100000

2) $ 150000

3) $ 200000

4) $ 250000

5) $ 300000

Ans $ 200000

8) Thailand based dry bulk cargo specialist precious shipping public Co. Ltd. in March 2012 purchased three small dry cargo carrying ships owned by chennai based goodearth maritime for-------

1) $ 40 million

2) $ 49 million

3) $ 51 million

4) $ 56 million

5) $ 60 million

Ans $ 51 million

9) India in March 2012 reduced the Railway  charges on Iron ore meant for exports by ---------

1) 4 percent

2) 8 percent

3) 12 percent

4) 16 percent

5) 20 percent

Ans 16 percent

10) Morgan stanley in March 2012 invested about -------- in a project of Sheth Developers Pvt. Ltd. primarily to help the real estate firm refinance debt. It had taken to buy land in Mumbai.

1) $ 40 million

2) $ 50 million

3) $ 60 million

4) $ 80 million

5) $ 90 million

Ans $ 90 million

11) Reliance Industry Ltd. in March 2012 increased its stake in Hospitality Firm EIH Ltd. to 18.53 percent by investing-----

1) Rs 100 Crore

2) Rs 124 Crore

3) Rs 171 Crore

4) Rs 192 Crore

5) Rs 216 Crore

Ans Rs 192 Crore

12) Which drug maker in March 2012 received demand notices for Rs 424.64 Crore from the National Pharmaceutical Pricing Authority towards interest for alleged drug overpricing?

1) Cipla Ltd.

2) Ranbaxy

3) Dr. Reddy’s

4) Madikare

5) All of these

Ans Cipla Ltd.

13) The Reserve bank of India in March 2012 bought --------- of government bonds through an open market operation.

1) Rs 5000 Crore

2) Rs 7198 Crore

3) Rs 9125 Crore

4) Rs 10776 Crore

5) Rs 11000 Crore

Ans Rs 10776 Crore

14) India in March 2012 refused ton Provide its sovereign guarantee for oil imports from ----------

1) Syria

2) Afghanistan

3) Iran

4) Iraq

5) Saudi Arab

Ans  Syria

15) In Budget 2012-13 , the government raised excise and service tax rates by 2 percent age points to ---- in order to shore up falling revenues.

1) 6 Percent

2) 8 Percent

3) 10 Percent

4) 12 Percent

5) 14 Percent

Ans 12 Percent

16) Budget 2012-13  raised the basic customs duty on large vehicles from 60 percent to -------

1) 65 Percent

2) 68 Percent

3) 70 Percent

4) 72 Percent

5) 75 Percent

Ans 70 Percent

17) In Budget 2012-13, expemption limit of income tax is raised to

1) Rs 1 Lakh

2) Rs 1.5 Lakh

3) Rs  2 Lakh

4) Rs 2.5 lakh

5) Rs 3 lakh

Ans Rs  2 Lakh

18) Budget 2012-13 reduced the securities transaction tax by

1) 6 Percent

2) 10 Percent

3) 15 Percent

4) 20 Percent

5) 25 Percent

Ans 20 Percent

19) Finance Minister in his budget 2012-13 Proposed to raise the target for agriculture loans in Fiscal 2013 to -----

1) Rs 4 trillion

2) Rs 4.8 trillion

3) Rs 5.3 trillion

4) Rs 5.75 trillion

5) Rs  6.2 trillion

Ans Rs 5.75 trillion

20) Budget 2012-13 increased the Plan outlay for --------- by 18 Percent to Rs 20,208 Crore and announced a series of measures

1) Agriculture

2) Industry

3) Jute Sector

4) Non-organised Sector

5) All of these

Ans Agriculture

21) In 2010-11 the share of agriculture in India’s gross domestic product was-----

1) 45 Percent

2) 39 Percent

3) 30 Percent

4) 21 Percent

5) 14.5 Percent

Ans 14.5 Percent

22) The Finance Minister in Budget 2012-13 proposed to provide ---------- for capitalization of public sector, regional rural banks and Nabard

1) Rs 10000 Crore

2) Rs 12400 Crore

3) RS 14105 Crore

4) Rs 15888 Crore

5) Rs 17100 Crore

Ans Rs 15888 Crore

23) Budget 2012-13 increased the plan outlay for Rural drinking water and sanitation by

1) 20 Percent

2) 23 Percent

3) 27 Percent

4) 31 Percent

5) 36 Percent

Ans 27 Percent

24) Budget 2012-13 Proposed to upgrade -------- Medical colleges for the urban poor.

1) 15

2) 11

3) 8

4) 7

5) 3

Ans 7

25) Which among the following is not a feature of Budget 2012-13 for the aviation sector?

1) Airlines be allowed to raise working capital through ECB’s

2) Exemption on Basis customs duty on spare parts

3) Air India Ltd. sees on infusion of Rs 4000 Crore

4) All of these

5) None of these

Ans None of these

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