Pandora Box XI

CURRENT AFFAIRS ON BUSINESS AND ECONOMY

Feb 2011 Part III

1. What is RBI's share in NABARD equity currently?

a.99% b.51%

c.49% d.1%

ANS:D

2. … is the indirect tax that registered maximum growth during the first half of 2010-11

a. Excise duty

b. Custom duty

c. Service tax

d. None of the above

ANS:B

3. India recently signed a Line of Credit Agreement worth $ 1 billion with …

a. Germany

b. Australia

c. Malaysia

d. Indonesia

ANS:A

4. Which of the following key rate of RBI was highest among all as on November 2, 2010?

a. Repo rate

b. Reverse repo rate

c. Bank rate

d. Cash reserve ratio

ANS:A

5. US recently announced one of the largest weapons sales in its history worth about $ 60 billion to which country?

a. Kuwait

b. Saudi Arabia

c. Pakistan

d. Afghanistan

ANS:B

6. Who among the following did not bag the Nobel Prize 2010 for Economics?

a. Christopher Pissarides

b. Peter Diamond

c. Dale Mortensen

d. Akira Suzuki

ANS:D

7. Among the following, who did not fi gure in the Forbes' 100 Most Powerful Women list?

a. Indra Nooyi

b. Chanda Kochhar

c. Savitri Jindal

d. Shikha Sharma

ANS:C

8. The direct tax that registered negative growth during the first half of 2010-11 is …

a. Corporate tax

b. Income tax

c. Wealth tax

d. Securities transaction tax

ANS:D

9. … is not a financial regulator.

a. IRDA

b. PFRDA

c. AMFI

d. SEBI

ANS:C

10. The Indian rupee symbol is based on which script?

a. Roman

b. Devnagri

c. Both a and b

d. None of the above

ANS:C

11. The Nobel Prize in Economics 2010 was shared by how many economists?

a. 2

b. 3

c. 4

d. 5

ANS:B

12. Indentify the Indian state that was the fi rst to introduce Public Service Guarantee Act 2010.

a. Gujarat

b. Madhya Pradesh

c. Haryana

d. Bihar

ANS:B

13. Who won the 'Business Leader of the Year' title at Economic Times Corporate Excellence

Awards2010?

a. R. C. Bhargava(Maruti Suzuki)

b. Mukesh Ambani (RIL)

c. Aditya Puri (HDFC Bank)

d. Ratan Tata (Tata Group)

ANS:C

14. The Union Government has declared … as the 'National Heritage Animal' recently.

a. Tiger

b. Elephant

c. Lion

d. Camel

ANS:B

15. India was ranked … in the Global Hunger Index released by IFPRI in October 2010.

a. 67th

b. 69th

c. 71st

d. 74th

ANS:A

16. The new chief of National Green Tribunal, constituted in October 2010 is ..

a. S. K. Puri

b. Anil K. Pandey

c. Lokeshewar Singh

d. Y. S. Dadwal

ANS:C

17. The Goods and Service (GST) proposed to be introduced in 2011 is likely to cover

a. Trade, Sales tax

b. Service, Trade tax

c. Service, Excise, Sales tax

d. Excise, Service, VAT tax

ANS:D

18. India is exploring Shale gas reserves with which country?

a. France

b. Germany

c. United Kingdom

d. USA

ANS:D

19. Who won the Lal Bahadur Shastri Award 2010 for excellence in public administration academia

andmanagement?

a. Arvind Kezeriwal

b. Aruna Roy

c. Kapil Sibal

d. Zia Modi

ANS:B

20. The first World Statistics Day was celebrated on …

a. October 17, 2010

b. October 18, 2010

c. October 19, 2010

d. October 20, 2010

ANS:D

21. ... is not a part of the TAPI gas pipeline project.

a. India

b. Afghanistan

c. Turkmenistan

d. Pakistan

ANS:B

22. The two-day summit of Finance Ministers of G-20 nations was held in which country?

a. China

b. India

c. South Korea

d. Canada

ANS:C

23. Name the chairman of the high level infra finance committee formed by the Indian

Government.

a. Y. K. Alagh

b. Y. B. Reddy

c. C. Rangrajan

d. Rakesh Mohan

ANS:D

24. 'Udyami', a newly inaugurated helpline assists …

a. Micro, Small and Medium enterprises

b. Large capital industries

c. Only female entrepreneurs

d. Farmers introducing technology in farming

ANS:A

25. What is the term 'Smart Money' used for?

a. FDRs in Banks

b. Demand Drafts

c. Credit Cards

d. Internet Banking

ANS:C

26. Companies are required to list shares within … days of the closure of the Initial Public Offers (IPOs), as per the new guidelines issued by SEBI.

a. 9

b. 12

c. 15

d. 18

ANS:B

27. According to Census 2001, what is the percentage of urban population in India?

a. 26.7

b. 27.1

c. 27.8

d. 28.6

ANS:C

28. India is placed at ... position, out of 169 countries, in the 'Medium Human Development' category classified by Human Development Report 2010.

a. 116th

b. 117th

c. 118th

d. 119th

ANS:D

29. Name the country that tops the Human Development Index (HDI) in the Human Development Report 2010.

a. Norway

b. United States

c. Australia

d. New Zealand

ANS:A

30. What is the number of Finance Commissions set up till date?

a. 11

b. 12

c. 13

d. 14

ANS:C

31. RBI did not alter … in its review of monetary policy 2010-11 on November 2, 2010.

a. Only CRR

b. Only Bank Rate

c. Repo and Reverse Repo Rates

d. Both CRR and Bank Rate

ANS:D

32. The per capita income in India stands at … (as per the revised estimated data for 2009-10)

a. Rs. 40,000

b. Rs. 44,354

c. Rs. 47,690

d. Rs. 48,356

ANS:B

33. Identify the private telecom operator that was the first to introduce 3G services in India.

a. Vodafone

b. Docomo

c. Airtel

d. Aircel

ANS:B

34. Foodgrains production stood at … million tonnes for the year 2009-10, as per the 4th advance estimates.

a. 218.20

b. 218.25

c. 218.50

d. 218.75

ANS:A

35. The organisation that recently celebrated the silver jubilee year of its establishment is …

a. G-8

b. G-20

c. ASEAN

d. SAARC

ANS:D

36. Agriculture accounts for … of overall employment in India.

a. 41%

b. 48%

c. 52%

d. 57%

ANS:C

37. Youth Festival 2011 will be organised in which city?

a. Udaipur

b. Goa

c. Hyderabad

d. Bhubaneshwar

ANS:A

38. When was Jawahar Rozgar Yojana (JRY) started?

a. January 1, 1989

b. March 15, 1989

c. April 1, 1989

d. None of the above

ANS:C

39. Forward Market Commissions independently regulate …

a. Foreign exchange markets

b. Mutual funds

c. Commodity exchanges

d. Stock market

ANS:C

40. What percent of the Gross Domestic Product did agriculture account for in the year 2008-09?

a. 12.2

b. 13.5

c. 14.3

d. 15.7

ANS:D

41. The 17th ASEAN Summit was concluded on October 30, 2010 at which place?

a. Hanoi

b. Singapore

c. Manila

d. Kuala Lumpur

ANS:A

42. What is the total number of regional rural banks that are working in India?

a. 91

b. 96

c. 100

d. 102

ANS:B

43. Who coined the term 'transformational leadership'?

a. Ronald G. Greenwood

b. John Jacob Bausch

c. Solomon Loeb

d. James MacGregor Burns

ANS:D

44. The scheme …, was launched on December 31, 2001 with the objective to lessen the burden of parents in meeting the educational expenses of their children.

a. Shiksha Mitra Yojana

b. Sarva Shiksha Yojana

c. Shiksha Sahayog Yojana

d. Shiksha Madad Yojana

ANS:C

45. OECD has estimated the Indian economy to grow by … in the current fiscal.

a. 9.1%

b. 10.1%

c. 11.1%

d. 11.4%

ANS:A

46. What is the new bilateral trade target to be achieved by 2015 that has been agreed upon by India and China?

a. $60 billion

b. $66 billion

c. $71 billion

d. $75 billion

ANS:B

47. JWS Steel Ltd has entered into an agreement with Ispat Industries to buy stake worth …

a. `2,150 crores

b. `2,153 crores

c. `2,157 crores

d. `2,159 crores

ANS:C

48. The worth of the order that was recently bagged by Lanco Infratech from an arm of Moser Baer Projects to execute a 1200-MW power project is ...

a. `4,100 crores

b. `4,800 crores

c. `5,200 crores

d. `5,300 crores

ANS:A

49. Identify the woman who will join HPCL, a state owned oil company as its first ever woman director (marketing).

a. Sonali Gulati

b. Nishi Vasudeva

c. Sanghamitra Chaudhuri

d. None of the above

ANS:B

50. Malaysian automobile group DRB-Hicom will be investing more than … in Germany's Volkswagen AG to assemble vehicles for its regional market.

a. $100 million

b. $200 million

c. $250 million

d.$300million

ANS:. D