Economy Current Affairs Quiz/Questions-Answers September 2011, August 29-September 4

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 September 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.    The Reserve Bank of India on 25 August 2011 released its Annual Report for 2010-11. Which of the following was not discussed in the Annual Report the Central Board of the RBI?
a.    assessment of the macroeconomic performance during 2010-11
b.    prospects for 2011-12
c.    working and operations of the Reserve Bank and its financial accounts
d.    role of regulatory bodies in controlling the financial markets
Answer: (d)

2.    CRISIL launched the first gold index in India on 29 August 2011. What was the base date fixed for the index?
a.    2 January 2007
b.    31 march 2008
c.    1 April 2009
d.    1 April 2010
Answer: (a)

3.    Reserve Bank of India (RBI) panel headed by headed by Usha Thorat, Director, Centre for Advanced Financial Research and Learning (CAFRAL) on 29 August 2011 came up with suggestion on non-banking finance company (NBFC). Which of the following related to this statement is not true?
1.    The panel suggested the central bank to insist on a minimum asset size of more than Rs.25 crore for registering any new non-banking finance company (NBFC)
2.    Transfer of shareholding, direct or indirect, of 25 per cent and above, change in control, merger or acquisition of any registered NBFC will require prior approval of the Reserve Bank.
3.    Tier-I capital for capital to risk weighted assets ratio (CRAR) purposes would be specified at 12 per cent to be achieved in three years for all registered deposit-taking and non-deposit-taking NBFCs.
4.    NBFCs would be subject to regulations similar to banks while lending to stock brokers and merchant banks and similar to stock brokers, as specified by the Securities and Exchange Board of India (SEBI)
a.    1 & 4
b.    2 & 4
c.    Only 4
d.    Only 1
Answer: (d)

4.    As per the Directorate of Commercial Intelligence and Statistics data (provisional) published in August 2011, India’s pulses imports declined by whar percentage to 2.6 million tonnes in the 2010-11 fiscal?
a.    20%
b.    19.3%
c.    26%
d.    22.5%
Answer: (c)

5.    The Cabinet Committee on Economic Affairs on 30 August 2011 approved disinvestment of 5 per cent of its stake in which of the following Central Public Service Enterprises (CPSE)?
a.    NTPC
b.    HPCL
c.    BHEL
d.    SAIL
Answer: (c)

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