Economy Current Affairs Quiz/Questions-Answers September 2011, September 19-September 25

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.    Memorandum of understanding (MoU) was signed between which three bodies on 17 September 2011 in the presence of Union Finance Minister Pranab Mukherjee to provide Takeout Finance for infrastructure projects?
a.    IIFCL, LIC and IDFC
b.    IDBI, GIC and FICCI
c.    IDFC, LIC and CCI
d.    FCCI, CCI and IDBI
Answer: (a)

2.    According to a  report Hype cycle for green IT and sustainability in India, 2011 by  leading IT research and advisory company Gartner,  India's spending on green IT and sustainability initiatives will double to what amount in 2015
a.    $30 billion
b.    $60 billion
c.    $35 billion
d.    $70 billion
Answer: (d)

3.    Union government on 20 September 2011 extended the terms of reference of the Nilekani task force. Which of the following facts about the task-force is/are not true?
1.    The task-force was set up by the HRD under the chairmanship of Unique Identification Authority of India (UIDAI) chief Nandan Nilekani in October 2010.
2.    The task force was asked to recommend and implement a solution for direct transfer of subsidies on kerosene, LPG and fertiliser to the intended beneficiaries.
3.    The terms of reference of the Nilekani task force on direct transfer of subsidies. The extended terms of reference is to include an Aadhaar-enabled unified payment infrastructure.
4.    The panel was asked to recommend an architecture for e-banking through inter-operable business correspondents
a.    Only 4
b.    1 & 4
c.    Only 1
d.    2 & 4
Answer: (c)
 
4.    Union governemnt on 20 September 2011 lifted the ban on export of which of the following in the face of protests by onion farmers in Maharashtra and Karnataka who had held demonstrations against the ban following a dip in prices?
a.    Onion
b.    Basmati Rice
c.    Soya Oil
d.    Potato
Answer: (a)

5.    Non-food credit,comprising loans to individuals,farmers and businesses rose Rs 29,598.79 crore,or 20.1%,to. What amount during the fortnight ended 9 September 2011?
a.    Rs 40 lakh
b.    Rs 48 lakh
c.    Rs 50 lakh
d.    Rs 63 Lakh
Answer: (a)

6.    Coal Ministry on 21 September 2011 during the Round table conference on Coal approved, in principle, the allotment of five coal blocks to which of the following PSU power generators?
a.    BHEL
b.    NTPC
c.    PowerGrid Corporation of India
d.    Gujarat State Energy Generation
Answer: (b)

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