Economy Current Affairs Quiz March 2011, March 14- March 20

Taking the Economy Current Affairs Quiz will test as well as enhance your knowledge on economy related issues. Moreover the Economy Current Affairs Quiz for March 2011 will help you in the preparation for different competitive examination like that of Bank PO, MBA, NABARD, RBI, Railway, SSC, Civil Services Exam etc.

1.    Union Finance Minister Pranab Mukherjee on 11 March 2011 announced in Lok Sabha an increase in the allocation under the Members of Parliament Local Area Development Scheme (MPLAD) Scheme from Rs.2 crore to Rs.5 crore per Member. When was the MPLAD scheme introduced?
a.    1990
b.    1991
c.    1992
d.    1993
Answer: (d)

2.    Union Minister of Finance Pranab Mukherjee declared in the Lok Sabha on 11 March 2011 the extension of the existing Interest Subvention Scheme of providing short term loans to farmers at 7% interest with additional interest subvention for timely repayment to which of the following group?
a.    Small scale entrepreneurs
b.    Cottage industries & handicraft professionals
c.    Fishermen
d.    Horticulturists
Answer: (c)

3.    Indian agriculture needs Rs 108000 crore to fight climate change in the next five years to ensure food for all at a reasonable price by 2020. National Mission for Sustainable Agriculture is implemented under which of the following?
a.    NABARD
b.    Bharat Nirman
c.    Prime Minister's National Action Plan on Climate Change
d.    Accelerated Fodder Development Programme
Answer: (c)

4.    Read the following sentences with regard to NSIC.
1.    National Small Industries Corporation (NSIC) is a public sector undertaking under the ministry of micro, small and medium enterprises (MSME).
2.    NSIC was awarded the Mini Ratna status by the Indian Governmnet on 3 March 2011.
3.    NSIC has a marked presence both in the service as well as the manufacturing sectors.
4.    NSIC acts as a facilitator to promote small industries through various user-friendly and demand-driven schemes
Which of the following sentence/sentences is/are not true with regards to NSIC?
a.    Only 3
b.    1 & 3
c.    Only 2
d.    2 & 4
Answer: (a)

5.    In February 2011 imports rose to $31.70 billion, up 21.2 per cent over the same period in 2010 while exports rose 49.8 per cent to $23.60 billion. What was the trade deficit in February 2011?

a.     (-)8.1 billion
b.    (-)8 billion
c.    (-)8.3 billion
d.    (-)8.8 billion
Answer: (a)

6.    The Reserve of India on 17 March 2011 increased the interest rate at which it injects liquidity into the banking system by 25 basis points to 6.75 per cent (repo rate). It also revised its inflation projection for March-end 2011 from 7 % to _?

a.    7.3
b.    7.5
c.    7.5
d.    8
Answer: (d)

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