Economy Current Affairs Quiz/Questions-Answers August 2011, August 22-August 28

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 August 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. 1.    A study titled Being five star in productivity — road map for excellence in Indian banking was released FICCI-IBA-BCG on 22 August 2011, the eve of IBA-FICCI annual banking conference. Which of the facts related to the report stated below are not true?
   2.    India's gross domestic product (GDP) growth will make the Indian banking industry third largest in the world by 2025.
   3.    The report highlighted that banks have to strive for excellence on three dimensions: branch sales and service, new channels and lean operations
   4.    Indian banks deploy 62 per cent of staff in customer facing roles as against the benchmark of 82 per cent observed by BCG globally.
   5.    Indian banks, the report mentioned were to be doing well overall with industry cost-income ratio below 50 per cent.
   a.    1 & 3
   b.    Only 3
   c.    Only 2
   d.    3 & 4
Answer: (c)

2. According to the data released by the Life Insurance Council on 22 August 2011, the life insurance industry witnessed a decline of what percent in its total premium collections for the quarter ended June 2011?
a.    3.8%
b.    4.2%
c.    6.1%
d.    5%
Answer:  (d)

3. According to a study Private Cloud Landscape in India released by EMC Corporation and Zinnov Management Consulting, a management consulting firm in July 2011, what will be the value of the cloud market in India by 2015?
a.    $ 4.5 billion
b.    $6 billion
c.    $ 5.6 billion
d.    $ 9 billion
Answer: (a)

4. Which of the following bodies estimated IT companies would continue to grow globally at 16-18 per cent in 2011-12 despite the economic crisis in the U.S. and European markets?
a.    FICCI
b.    NASSCOM
c.    CII
d.    ASOCHAM
Answer: (b)

5.    Food inflation rose to what percent for the week ended August 13 on the back of dearer onions, potatoes, fruits and protein-based items?
a.    9%
b.    9.3%
c.    9.80%
d.    10%
Answer: (c)

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