Economy Current Affairs Quiz/Questions-Answers December 2012, December 17-December 23

The economy current affairs quiz provided to you this week will give you a peep into the economic activities of the country throughout the week. Because economy is an important part of any competitive exam, therefore by answering these questions, students will be able to judge their preparation in a better way. Answer these questions to analyse your performance.

1. The Union Government of India on 17 December 2012 lowered down the growth projection for the current financial year 2012-13 from 7.6 percent that was estimated earlier to 5.7-5.9 percent. The projection was showcased in the Mid-Year Economic Analysis. Where was this Mid-Year Economic Analysis tabled?
a) Lok Sabha
b) Rajya Sabha
c) Indian Parliament
d) None of these
Answer: (c) Indian Parliament

2. Foreign investments in the Indian markets through __________ increased to 8-month high of around 1.75 lakh crore Rupees or 32 billion dollar in October 2012. Fill in the blank with an appropriate option:
a) Equity
b) Derivatives
c) Debt
d) Participatory Notes
Answer: (d) Participatory Notes

3. The UN's World Economic Situation and Prospects 2013 report warned that the Debt crises in which two countries could throw the world economy into recession?
a) Europe and the United States
b) Indian and China
c) China and Japan
d) Europe and China
Answer: (a) Europe and the United States

4. The Finance Ministry announced that indirect tax collection increased at the rate of _________ to 2.92 lakh crore Rupees in the period of April-November 2012 in comparison to the yearly growth target of 27 percent. Fill in the blank with an appropriate option:
a) 16.25%
b) 16.8%
c) 16.50%
d) 16.15%
Answer: (b) 16.8%

5. United Nations on 18 December 2012 slashed its global growth predictions to 2.4 percent for 2013 and 3.2 percent for the following year and warned of a lasting employment crisis for western countries. Which of the following statements is false in this context?
a) The UN's World Economic Situation and Prospects 2013 report warned that a slowdown in China could all throw the world economy into recession.
b) Earlier in the t month of June 2012 UN had predicted a growth forecast 2.7 percent for 2013 and 3.9 percent for the year after.
c) The report also predicted growth in South Asia averaging 10 percent in 2013, up from 8 percent in 2012, led by a moderate recovery in India.
d) As per the Report, With existing policies and growth trends, it is going to take  at least another five years for Europe and the United States to make up for the job losses caused by the Great Recession of  year 2008-2009.
Answer: (c) The report also predicted growth in South Asia averaging 10 percent in 2013, up from 8 percent in 2012, led by a moderate recovery in India.