The high-level committee on external commercial borrowings (ECB),chaired by secretary, department of economic affairs Arvind Mayaram decided to further liberalise the foreign borrowing norms. Also, India’s Central Bank Reserve Bank of India extended the guidelines of securitisation of loan from banks to non-banking finance companies (NBFC) thereby tightening the securitisation norms for NBFCs. The civil Aviation Ministry informed the parliament about the loass incurred by Ait India between 2007-08 and 2011-12.
Jagranjosh.com team which works on Economy Current Affairs have prepared a set of 5 economy quizzes to help josh readers update the economy current affairs knowledge.
1. SEBI, on 16 August 2012, has made it mandatory that all listed companies must have minimum ______ public shareholdings by June 2013.
a) 25%
b) 30%
c) 20%
d) 10 %
Answer: (a) 25%
2. On which date, the Union Cabinet approved the Commerce Ministry’s proposal to cut down the list of sensitive items under South Asian Free Trade Agreement (SAFTA) for Pakistan by 30 percent.
a) 14 July 2012
b) 15 Feb 2012
c) 17 Aug 2012
d) 30 Apr 2012
Answer : (b) 17 Aug 2012
3. According to the Economic Outlook 2012-13 released by Prime Minister Economic Advisory Council on 17 August 2012, India’s economy will grow at ____ in the financial year 2012-13.
a) 6.7%
b) 3.5%
c) 4.9%
d) 5.3%
Answer: (a) 6.7%
4. India’s annual headline inflation for the month of July 2012 eased to its three-year low of ____ in July 2012 from 7.25 percent in June 2012 and 9.63 percent in July 2011.
a) 5.15%
b) 3.24%
c) 9.12%
d) 6.87%
Answer :(d) 6.87%
5. The upcoming Ultra Mega Power Projects (UMPPs) at Cheyyur and Sarguja are located respectively in ________?
a) Tamil Nadu and Orissa
b) Tamil Nadu and Chhattisgarh
c) Kerala and Ordissa
d) Kerala and Chhattisgarh
Answer: (b) Tamil Nadu and Chhattisgarh
Preparing Current Affairs for Competitive Exams now made easy by our Jagran Josh Current Affairs Section. .
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