Economy Current Affairs Quiz/Questions-Answers January 2012, January 9-January 15

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.    Foreign direct investment (FDI) into India went up by what per cent to $2.53 billion in November 2011, indicating an improvement in investor sentiment?
a.    56%
b.    49%
c.    33%
d.    26%
Answer: (a)

2.    As per the Forward Markets Commission data released on 9 January 2012 that the turnover of the 21 commodity exchanges in India increased by 66% to what amount till December 2011?
a.    Rs 123 lakh crore
b.    Rs 137.22 lakh crore
c.    Rs  100.57 lakh crore
d.    Rs 93 lakh crore
Answer: (b)

3.    Indirect tax collections increased by what per cent to Rs 285787 crore during April-December 2011 driven by an increase in service tax mop-up?
a.    15%
b.    14.56%
c.    16.1%
d.    16.33%
Answer: (c)

4.    The Directorate General of Foreign Trade (DGFT) notified that the Commerce Ministry on on 11 January 2012 lowered the minimum export price of onions by $100 a tonne to boost exports. What is the changed minimum export price of onion?
a.    $200 a tonne
b.    $250 a tonne
c.    $300 a tonne
d.    $150 a tonne
Answer: (d)

5.    Prime Minister's Office on 11 January 2012 directed cash-rich public sector undertakings (PSUs) to invest around Rs.1.76 lakh crore to act as a stimulus in the next fiscal 2012-13. What is the amount to be invested domestically?
a.    Rs.1.41 lakh crore
b.    Rs 1.57 lakh crore
c.    Rs 2.50 lakh crore
d.    Rs 3.19 lakh crore
Answer: (a)

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