Economy Current Affairs Quiz/Questions-Answers December 2011, November 28- December 4

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 UPA-II Government set up an expert group to suggest restructuring of power utilities of seven major States. Which of the following  statements given below are not true in this context?
2.    The expert group headed by Planning Commission member (Energy) B. K. Chaturvedi is expected to submit its report by March 2012.
3.    The group was entrusted with the responsibility to make an assessment of the cumulative losses of distribution utilities of seven major States.
4.    Uttar Pradesh and tamil Nadu are not amon gthe list of seven states where the power utility structure is to be restructured.
5.    The expert group will have to suggest a strategy for capital restructuring of these power discoms (distribution companies), including commitment by other stakeholders like State governments.
a.    1 & 4
b.    2 & 4
c.    Only 3
d.    Only 1
Answer: (c)

2. Which stock exchange in India launched operations on the National Stock Exchange (NSE) platform on 28 November 2011 and became the only stock exchange in India to offer facility to trade on three trading platforms?
a.    Guwahati Stock Exchange
b.    Bombay Stock Exchange
c.    MCX Stock Exchange (MCX-SX)
d.    Ahmedabad Stock Exchange
e.    Calcutta Stock Exchange
Answer: (e)

3. The Union government on 28 November 2011 asserted that a certain percentage sourcing under FDI in multi-brand retail has been made mandatory from Indian MSEs only. Quote the per centage.
a.    23%
b.    30%
c.    33%
d.    49%
Answer: (b)

4. According to the the quarterly public debt management report released by the Finance Ministry on 28 November 2011, the Indian government's internal debt rose during the second quarter (July-September) of 2011-12.The internal debt to GDP ratio increased to what per cent of GDP during second quarter of 2011-12 from 31.4% in the April-June quarter?
a.    31.9%
b.    31.3%
c.    32.3%
d.    33%
Answer: (c)

5.    The government’s three oil marketing companies (OMCs) on 29 November 2011 cut petrol prices by what amount. It would now cost Rs 65.64 in Delhi.
a.    Rs 0.50 per litr
b.    Rs 0.70 per litr
c.    Rs 0.78 per litr
d.    Rs 0.82 per litr
Answer: (c)

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