Economy Current Affairs Quiz/Questions-Answers January 2012, January 23-January 29

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 January 2012 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.    Centre for Monitoring Indian Economy (CMIE) estimated Corporate India’s sales to grow by what per cent in 2011-12?
a.    21.6%
b.    20.8%
c.    22
d.    23.7%
Answer: (a)

2.    According to the report  by Gems and Jewellery Export Promotion Council (GJEPC) released in January 2012, gems and jewellery exports fell into the negative zone to $3 billion in December 2011. What per cent fall did it register in the month in question?
a.    10.33%
b.    12.17%
c.    13.33%
d.    15%
Answer: (d)

3.    Reserve Bank of India (RBI) on 24 January 2012 cut the cash reserve ratio (CRR) by 50 basis point. The current CRR stands at what percent?
a.    5%
b.    5.5%
c.    6%
d.    6.5%
Answer: (b)

4.    The Reserve Bank of India on 24 January 2012 also kept the repo rate unchanged for the second consecutive time after raising it 13 times between March 2010 and October 2011. What is the present repo rate?
a.    8%
b.    7.5%
c.    8.5%
d.    9%
Answer: (c)

5.    The poor performance of National Pension System, or NPS led the Pension Fund Regulatory and Development Authority (PFRDA) to change the incentive structure for the distributors. Which of the following statements in this regard is/are not true?
1.    The pension regulator on the basis of the recommendation of the G.N. Bajpai committee constituted by PFRDA to review NPS,  fixed the incentive at 0.25% of the subscription amount
2.    As per PFRDA’s measures announceds, a distributor will get a flat Rs 50 on initial subscription and 0.05% of the initial subscription amount
3.    Every year on subsequent investments, the point of presence will be entitled to 0.25% of that amount.
4.    The minimum that a point of presence can charge is Rs 20 and the maximum Rs 25000.
a.    Only 1
b.    Only 2
c.    Only 3
d.    Only 4
Answer: (b)

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