Economy Current Affairs Quiz/Questions-Answers December 2011, December 5- December 11

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.    The Centre for Development of Telematics (C-DoT) on 5 December 2011 transferred indigenously-developed Gigabit Passive Optical Network (GPON) technology to seven telecom equipment manufacturers. Which of the following facts about the technology is not true?
2.    The GPON technology is a pivotal component required for broadband connectivity over optical fibre.
3.    C-DOT indigenously designed and developed GPON technology, which can be used to provide triple play (voice, video and data) through fibre-based networks
4.    The GPON technology was tested, validated, field-evaluated and made operational in MTNL's/VSNL’s network in Ajmer (Rajasthan)
5.    The technology will help fulfil requirements of major national programmes like the National Optical Fibre Network and the State Wide Area Network.
a.    Only 1
b.    Only 3
c.    1 & 4
d.    Only 4
Answer: (b)

2. Bank lending to the priority sector grew at what percentagein October 2011 on an annual basis due to lower offtake by agriculture and MSME segments as well as decline in micro credit?
a.    10%
b.    12%
c.    13.7%
d.    8.3%
Answer: (a)

3. With the inauguration of the first state-of-the-art ATDC-SMART (Skill for Manufacturing Apparels through Research and Training) in Egmore, Chennai, the Ministry of Textiles launched which of the following schemes?
a.    National Technology Mission for Technical Textiles
b.    Integrated Skill Development Scheme
c.    Technology Upgradation Fund Scheme (TUFS) For Textile
d.    Rural Textiles Technology Development Skill
Answer: (b)

4. The Coal Ministry on 6 December 2011 turned down which coal producing  plea for scaling down current fiscal  2011-12 ‘s output target to 448 million tonnes (MT) from 452 MT?
a.    Neyveli Lignite Corporation
b.    Western Coalfields Limited
c.    Mahanadi Coalfields
d.    Coal India Limited
Answer: (d)

5.    As per the governement data released on 8 December 2011, food inflation dropped to almost a three-and-a-half-year-low for the week ended 26 November 2011. To what per centage did the food inflation fall in the week under survey?
a.    6%
b.    6.6%
c.    6.19%
d.    6.23%
Answer: (b)

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