Economy Current Affairs Quiz/Questions-Answers December 2011, December 19-December 25

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 December 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.    According to the International Data Corporation's (IDC) Quarter 3 2011 Mobile Phone Tracker release, the Indian mobile phone market grew by what percentage in units shipped in the July-September quarter of 2011 to clock 47.07 million units?
a.    10%
b.    10.5%
c.    11.3%
d.    12%
Answer: (d)

2.    Diesel consumption in Delhi declined by a startling 26% in 2010-11 compared to 2009-10. Delhi was however found to have used 2.24% more petrol in the same period. As per the latest Delhi government figures, the consumption of diesel in the city stood at what amount in 2010-2011?
a.    10.98 lakh metric tonnes
b.    7.5 lakh metric tonnes
c.    8.11 lakh metric tonnes
d.    6 lakh metric tonnes
Answer: (c)

3.    Fears of continuing economic slowdown, lack of decision making at the centre, rising fiscal deficit combined with not-so-impressive revenue collections upset Dalal Street investors on 20 December 2011. Which of the foolowing facts  related to the above statement is/are not true?
1.    Fears of continuing economic slowdown, lack of decision making at the centre, rising fiscal deficit combined with not-so-impressive revenue collections led to a 204 points loss in sensex that ended at 15175
2.    The slide on 20 December 2011 was triggered by FII selling which recorded a net outflow of Rs 600 crore, taking the month’s total net outflow to about Rs 1700 crore.
3.    The combined effect of the market’s slide and the depreciation of the rupee forced India to exit from the select group of countries with a $1 trillion market capitalization
4.    There was not even a single ADR issue in 2011. However, companies raised about $220 million through GDRs (Global Depository Receipts) during 2011
a.    Only 1
b.    3 & 4
c.    Only 3
d.    Only 2
Answer: (d)

4.    Credit rating agency Moody's on 21 December 2011 upgraded the credit rating of the Indian government's bonds from the speculative to investment grade. Which of the following facts related to the above statement is/are true?
1.    According to a release issued by the Finance Ministry, Moody's unified India's local and foreign currency bond ratings at Baa3
2.    Moody's Investor Service upgraded its local currency rating for Indian government bonds to Baa3 which is speculative grade as compared to the earlier Ba1 which is junk or investment grade.
3.    India's foreign currency bond ceiling is unchanged at Baa2, and the foreign currency bank deposit ceiling is Baa3. The local currency bond and bank deposit ceilings are unified at A1.
4.    The government's local currency short-term rating has been changed to P-3 from NP, indicating the government's ability to repay short-term debts.
a.    Only 2
b.    Only 1
c.    1 & 3
d.    Only 4
Answer: (a)

5.    According to official data released here on 22 December 2011, food inflation dropped sharply to an almost four-year low of what per cent during the week ended 10 December indicating an overall easing of prices?
a.    1.5%
b.    1.32%
c.    1.81 %
d.    2.32%
Answer: (c)

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