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 November 2011 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. According to global fund-tracking agency EPFR, emerging markets attracted USD 3.5 billion or over 70 per cent of total fresh capital invested in the equity funds across the world during the week ended 2 November 2011. As per capital market regulator SEBI, FIIs made a net investment of what amount in Indian equities during the week ended 2 November 2011?
a. USD 680 million
b. USD 650 million
c. USD 666 million
d. USD 715 million
Answer: (a)
2. Indirect tax collections in October 2011 dropped by 2.5 percent to Rs 30,278 crore on account of a slowing economy. Indirect tax comprises which of the following?
a. corporate, excise and service tax
b. customs, excise and service tax
c. service, excise and sales tax
d. value added tax, sales tax and income tax
Answer: (b)
3. Which of the following rating agencies on 9 November 2011 downgraded the entire Indian banking system's rating outlook from stable to negative indicating a deterioration in asset quality in the months ahead?
a. Standard & Poor's (S&P)
b. Fitch Rating
c. Moody's
d. A.M. Best
Answer: (c)
4. India decided to give preferences, including tax cuts, to indigenously manufactured telecoms equipment. Which of the following facts are not correct in this respect?
1. TRAI committee cleared the proposal that mandates domestic operators to source 65% of their annual hardware and network-related equipment from Indian companies by 2020.
2. TRAI had earlier proposed that mobile phone companies be mandated to source 60% of their network equipment and other related infrastructure from domestic manufacturers by 2020
3. Manufacturing arms of international vendors such as Ericsson, Nokia Siemens, Alcatel-Lucent and Huawei amongst others are to account for only 15% of all equipment orders by 2020.
4. TRAI recommended that domestically manufactured products be given preferential market access.
a. Only 2
b. 1 & 3
c. 3 & 4
d. 1 & 4
Answer: (a)
5. Which Indian city is to host the World Economic Forum's (WEF's) India Economic Summit for the first time in 26 years of the summit's history from 12-14 November 2011?
a. New Delhi
b. Mumbai
c. Ahmedabad
d. Kolkata
Answer: (b)
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