Economy Current Affairs Quiz/Questions-Answers October 2011, September 26-October 2

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 October 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.    Union Government on 26 September 2011 announced the reconstitution of the National Manufacturing Competitiveness Council (NMCC) under whose chairmanship to energise and sustain the growth of manufacturing industries and help in the implementation of strategies by the government?
a.    V. Krishnamurthy
b.    Pranab Mukherjee
c.    U K Sinha
d.    Dr D Subbarao
Answer: (a)

2.    According to the report by Crisil Research, companies are likely to post a revenue growth of what per cent in the July-September quarter of 2011 as compared to 19 per cent in April-June quarter and 22 per cent in July-September quarter of 2010?
a.    10%
b.    13.2%
c.    15%
d.    17.1%
Answer: (c)

3.    Government panel headed by Planning Commission member Arun Maira in its report presented on 27 September 2011 suggested giving more powers to which of the following bodies with respect to mergers and acquisitions in the pharmaceutical sector?
a.    Competition Commission of India
b.    Finance Ministry
c.    Reserve Bank of India
d.    Federation of Indian Chambers of Commerce and Industry
Answer: (a)

4.    As per the provisional data released by the the Commerce Ministry on 27 September 2011, the eight core infrastructure industries registered an output growth of what per cent in August 2011 lower than the 4.4 per cent growth witnessed in the corresponding period in 2010
a.    4%
b.    3%
c.    3.5%
d.    2.2%
Answer: (c)
 
5.    The finance ministry on 27 September 2011 released the draft national public-private partnership (PPP) policy. Which of the following facts given below in this regard are not true/
1.    PPP is aimed at creating a framework for implementing infrastructure projects across sectors.
2.    It addresses the issues concerning definition of various terms and also processes so that a clear and consistent position can be adopted by stake holders, including centre, states and private investors.
3.    The policy was designed to ensure that a value-for-money rationale is adopted with optimal risk allocation in project structuring with life cycle approach.
4.    The government is envisaging an investment of USD 7 trillion in infrastructure sector during the 12th Five-Year Plan (2012-17), up from USD 700 million in the current Plan
a.    1 & 2
b.    Only 4
c.    1 & 3
d.    Only 3
Answer: (b)

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