Economy Current Affairs Quiz/Questions-Answers August 2012, August 6-August 12

The week 6-12 August got several bad news for the Indian economy. The figures released paint a rather glum picture of the Indian Economy. the figures released by the Central Statistics Office of the Ministry of Statistics and Programme Implementation on 9 August 2012 showed a sharp decline in India’s industrial output. India’s exports were also found to dip in June-July period. According to the FDI data released by Reserve Bank of India (RBI) on 10 August 2012, Foreign Direct Investment (FDI) inflow in India also declined in the April-June quarter of fiscal 2012-13

1.    Foreign Tourist Arrivals (FTAs) in India during the Month of July 2012 stood at 5.25 lakh as compared to 5.14 lakh in July 2011 and 4.67 lakh in July 2010. The July figure translated into FTAs growth of what percent in July 2012 over July 2011?
a.    2.1%
b.    12.1%
c.    5.5%
d.    1.33%
Answer: (a)

2.    With respect to the India’s industrial output figures released by the Central Statistics Office of the Ministry of Statistics and Programme Implementation on 9 August 2012, which of the following statements are not true?
1.    India’s industrial output plunged to 1.8 per cent in June 2012 compared to 9.5 per cent growth registered during June 2011
2.    For the first (April-June) quarter of 2012-13, the index of industrial production (IIP) declined 0.7 per cent against 6.9 per cent growth in the same quarter of fiscal 2011-12.
3.    The capital goods category recorded a decline of 27.9 per cent in output in June 2012
4.    Consumer durables witnessed a growth of 9.1 per cent. However, consumer non-durables declined 1 per cent in June 2012
a.    1 & 3
b.    Only 3
c.    Only 2
d.    3 & 4
Answer: (c)

3.    According to the FDI data released by Reserve Bank of India (RBI) on 10 August 2012, Foreign Direct Investment (FDI) inflow in India declined to what amount in the April-June quarter of fiscal 2012-13?
a.    5 billion dollar
b.    5.4 billion dollar
c.    6.4 billion dollar
d.    7 billion dollar
Answer: (b)

4.    India’s annual headline inflation for the month of July 2012 eased to its three-year low to what percent in July 2012 from 7.25 percent in June 2012 and 9.63 percent in July 2011?
a.    4.1%
b.    3.3%
c.    5.2%
d.    6.87%
Answer: (d)

5.    India’s exports for the month of July 2012 stood at 22.4 billion dollar registering a decline of - 14.8 percent as compared to 26.3 billion dollar during the same month of 2011. Imports during July 2012 stood at 37.9 billion dollar as compared to 41.1 billion dollar in July 2011. What was the Balance of Trade figure for July 2012?
a.    15.5 billion dollar
b.    14.7 billion dollar
c.    13.6 billion dollar
d.    9.6 billion dollar
Answer: (a)

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