Financial/Economic Current Affairs Quiz – 1

1. India’s Finance Budget is presented every year on –

 Last Working day of February
 Feb 28
 Mar 1
 First working day of March
( Ans – 1)

2. International CRA (Credit Rating Agency) Moody‘s has recently decreased credit ratings of which of these PSU Insurance companies in India?

 United India Insurance Company
 LIC
 General Insurance Company
 Oriental Insurance Company
( Ans – 2)

3. What is the targeted GDP Growth rate of India during the 12th Five year plan (2012-17) ?

 9.5 %
 8.2 %
 10 %
 9.5 %
( Ans – 2)

4. What has been the share of Agricultural sector in the overall GDP Of India during Fiscal Year 2011-12 ?

 27 %
 13.9 %
 59 %
 16 %
( Ans – 2)

5. In The union budget 2012-13, subsidies are targeted to be kept under what percent of total GDP of the country ?

 5 %
 2 %
 1 %
 3 %
( Ans – 2)

6. The Fiscal deficit of the country is targeted to be kept under what percent of total GDP of the country according to the recently presented Union Budget 2012 -13?

 5.1 %
 7.1 %
 6.1 %
 5.9 %
( Ans – 1)

7. What is the theme of recently proposed 12th five year plan of India ?

 Faster, Sustainable and More Inclusive Growth
 Each one, Teach One
 Growth at its Best
 India Rising
( Ans – 1)

8. Basel II accord, which is under implementation and followed by Central Banks of the countries worldwide is said to have how many pillars ?

 Three
 Two
 Four
 Five
( Ans – 1)

9. During the 12th Five Year plan, Union Government has decided to boost public spending in health sector to what percent of GDP of the country ?

 2.5 % of GDP
 2 % of GDP
 4 % of GDP
 3 % of GDP
( Ans – 1)

10. SEBI has recently launched a portal to enable Investors to lodge and follow up complaints they may have. The portal is named as –

 SCORES
 MORE
 Aadhaar
 Kisan Credit Card
( Ans – 1)

11. The Union government has recently introduced a new measure for dealing with price situations. The CPI will replace WPI (Wholesale Price Index) and stands for –

 Compensated Price Index
 Customized Price Index
 Consumer Price Index
 Capitalised Price Index
( Ans – 3)

12. Insurance regulatory IRDA has recently set up ALM norms to make Insurance companies ensure their solvency and ability to understand and deal with Risks. ALM Stands for –

 Asset Liability Management
 Asset Liquidity Management
 Accredited Liability Management
 Accredited Liquidity Management
( Ans – 1)

13. According to IRDA’s new Norms, How many years of operations any Insurance company should have completed to organize IPOs (Initial Public Offerings) ?

 10 Years
 15 Years
 5 Years
 25 Years
( Ans – 1)

14. According to the new norms by RBI, What is the required Minimum Worth any NBFC (Non Banking Financial Company) should have to set up White Label ATMs ?

 50 Crores
 100 Crores
 150 Crores
 200 Crores
( Ans – 2)

15. What is the current limit for FDI (Foreign Direct Investment) in India inInsurance Sector ?

 100 %
 26 %
 49 %
 51 %
( Ans – 3)

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