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 the data released by the commerce and industry ministry on 31 October 2011, the eight core infrastructure industries growth slowed down to what percentage for September 2011 as against 3.3 per cent in September 2010?
a. 3.1%
b. 2.3%
c. 2%
d. 1.8%
Answer: (b)
2. Finance Minister Pranab Mukherjee on 31 October 2011 inaugurated a fully secure government e-payment system. Which of the following facts regarding the e-payment system is not true?
1. e-payment system will enable the Central government to directly credit dues into the accounts of beneficiaries.
2. It has been developed by Comptroller & Auditor general of India.
3. It has been designed to serve as middleware between COMPACT (computerised payment and accounts) application at PAOs and the core banking solution (CBS) of the agency banks/Reserve Bank of India, to facilitate paperless transaction.
4. The e-payment system will save both time and effort in effecting payments and also facilitate the elimination of physical cheques and their manual processing.
a. 1 & 2
b. Only 1
c. Only 2
d. 1 & 3
Answer: (c)
3. Finance Ministry gave its nod to Mining company Coal India Ltd (CIL) for acquiring stake in overseas unlisted firms. The Finance Ministry however did not grant complete relaxation to the norm of minimum internal rate of return (IRR) percentage from such acquisitions. What is the minimum internal rate of return (IRR) percentage quoted by the Ministry in this respect?
a. 12%
b. 10%
c. 15%
d. 13.33%
Answer: (a)
4. State-owned oil companies on 3 November 2011 raised petrol prices by what amount at a time when the nation is already battling high double-digit food inflation?
a. Rs 2.30 per litre
b. Rs 1.80 per litre
c. Rs 3.30 per litre
d. Rs 2.15 per litre
Answer: (b)
5. According to the WPI data released by the Commerce and Industry Ministry on 3 November 2011, food inflation surged to what per cent for the week ended 22 October 2011 owing to soaring prices of various edibles such as vegetables, fruits, pulses, milk and all other protein-rich items?
a. 11.55%
b. 12.25%
c. 12.21%
d. 11.12%
Answer: (c)
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