Economy Current Affairs Quiz/Questions-Answers January 2012, January 2-January 8

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.    Union government raised the ad valorem duty (export duty) on iron ore exports to what per cent from 20 per cent?
a.    30%
b.    33%
c.    41%
d.    43%
Answer: (a)

2.    As per the to Commerce Ministry data released on 2 January 2012, India’s exports recorded their slowest pace of growth in two years in November 2011. What was the per centage of growth recorded?
a.    4.2%
b.    3.8%
c.    2.2%
d.    0.94%
Answer: (b)

3.    Union government on 3 January 2012 approved Reliance Industries' (RIL) investment plan for developing four satellite fields in the flagging KG-D6 block. What was the proposed sum to be invested for developing the satellites?
a.    $1.500 billion
b.    $1.692 billion
c.    $1.529 billion
d.    $1.375 billion
Answer: (c)

4.    The capital market regulator SEBI on 3 January 2012 allowed auctioning of securities through stock exchanges and introduced a new method for institutional placement of stocks. Which of the following facts related to the above statement is/are not true?
1.    Under the institutional placement programme (IPP), shares can be sold only to qualified institutional buyers.
2.    There shall be at least 25 allottees in every IPP issuance. No single investor shall receive allotment for more than 25% of the offer size
3.    The IPP method can be used to increase public holding by 10% and could be offered to only qualified institutional buyers with 25% being reserved for mutual funds and insurance companies
4.    Under the IPP, companies will have to announce the ratio of buy-back, as is done in the case of rights issues and fix a record date for determination of entitlements as per shareholding on record date
a.    Only 1
b.    Only 3
c.    Only 2
d.    Only 4
Answer: (c)

5.    What is the Finace Ministry’s decision on the rates applicable on small savings instruments schemes that would be announced on April 1 each year?
a.    rate would remain valid till the maturity of the scheme
b.    rate would change in the first qurter of that respective year
c.    rates would change depending on different maturity period
d.    rates would remainvalid for six months post the maturity
Answer: (a)

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