Must Read Economy & Business Current Affairs 2012 Quiz December Month-Current GK

1) GAIL(India) in October 2012 signed a legally binding 20-year liquified Natural gas(LNG) sales and purchase agreement(SPA) with Gazprom Marketing and Trading?

1) Myanmmar

2) Malaysia

3) Singapore

4) Indonesia

Ans 3

2) The Union Cabinet in October 2012, approved the XII plan(2012-17) document aimed at achieving annual average economic growth rate?

1) 8.2%

2) 9%

3) 8.5%

4) 7.7%

Ans 1

3) The Union Cabinet in October 2012, granted approval for increasing of foreign direct investment(FDI) limit in the insurance sector from the present 26 percent to

1) 33%

2) 74%

3) 49%

4) 51%

Ans 3

4) Which of the following is the major recommendations made by high level committee on financing and infrastructure under Deepak Parekh in October 2012?

1) Increasing Rail fares

2) Increasing electricity bills

3) Increasing price of Natural gas

4) All of the above

Ans 4

5) In its World development report 2013 released  in October 2012, the world bank said that the global economy needs to create an additional 600 million new jobs to absorb the increasing working age populations, mainly in Asia and

1)  Latin America

2) Sub-Saharan Africa

3) Eurozona

4) All of the above

Ans 2

6) Oil India Ltd(OIL) and Indian oil corporation(IOC) on October 4, 2012 announced to have jointly bought 30% stake in Houston-based carrizo oil and gas's Niobrara shale oil and gas assets in 

1) Colorado

2) Alaska

3) Texas

4) Ohio

Ans 1

7) According to data released by Commerce Ministry on October  2012, which of the following trade segments of India did not exhibit decreasing trend during August 2012?

1) Non-oil imports

2) oil Imports

3) Exports

4) All of the above

Ans 2

8) The union cabinet approved amendments to the companies bill, 2011 in October 2012. The revised bill has limited the number of comapnies an auditor can serve to

1) 14

2) 20

3) 25

4) 30

Ans 2

9) Bharat Petroleum Corporation and Videocon Industries on October 14, 2012 said an oil discovery had been made in their deep sea BM-SEA-11 block ultra-deep waters of sergipeAlagoas basin off

1) Brazil

2) Mexico

3) Cuba

4) Venezuela

Ans 1

10) The federal Govt. of which country in October 2012, gave the go-ahead for GVK's Alpha coal port project at Abbot Point?

1) Britain

2) Australia

3) Luxembourg

4) Nigeria

Ans 2

11) The Finance Ministry recently approved unconditional and irrevocable guarantee for Air India's non- convertible debentures(NCD's) worth Rs 7,400 Crore. The NCDs will have tenure of

1) 8 years

2) 12 years

3) 15 years

4) 20 years

Ans 1

12) The Govt. in October 2012, expanded the ambit of competition commission of India(CCI), with an amendment to the competition Act

1) 2002

2) 2003

3) 2006

4) 2008

Ans 1

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