Economy Current Affairs Quiz/Questions-Answers December 2012, December 10-December 16

The economic current affairs quiz provides an insight view of the economy to the learner and to those who are preparing for major entrance examination like UPSC. SSC, Bank PO, MBA etc. It will help in enhancement of one’s knowledge of the economic happening in and around the globe.

1. Market regulator Security and Exchange Board of India (SEBI) allowed entities to set up Alternative Investment Funds (AIFs) which is a newly created class of pooled-in investment vehicles for real estate, private equity and hedge funds. Specify the number of entities allowed to set up.
(a) 10
(b) 12
(c) 15
(d) 16
Answer: (b) 12

2. Consumer Price Index (CPI) data released on 12 December 2012 showed that the retail inflation increased for the second successive month to how many percent in November 2012?
(a) 9.90
(b) 8.90
(c) 9.25
(d) 7.90
Answer: (a) 9.90

3. The Union government of India on 13 December 2012 approved the setting up of Committee to fast track investment clearances for mega projects. Name the Committee approved.
(a) Coalition Committee
(b) Social Justice Committee
(c) Cabinet Committee on Investment (CCI)
(d)Cabinet Committee on Expenditure
Answer: (c) Cabinet Committee on Investment (CCI)

4. Name the Stock exchange which on 14 December 2012 launched an SME index which primarily aims at tracking the current primary market conditions in the Indian capital market and measuring the growth in investors’ wealth over a period.
(a) Bombay Stock Exchange (BSE)
(b) Ahmedabad Stock Exchange
(c) Delhi Stock Exchange (DSE)
(d) Madhya Pradesh Stock Exchange (MPSE)
Answer: (a) Bombay Stock Exchange (BSE)

5. As per the report of Aviation Ministry IndiGo lost huge amount in fiscal year, 2011-2012, the airline was operating in profits constantly in last three financial years. What was the loss amount in said fiscal year 2011-12?
(a) 87.6 crore Rupees
(b) 84.3  crore Rupees
(c) 95.2 crore Rupees
(d) 51.9 crore rupees
Answer: (a) 87.6 crore Rupees

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