Financial/Economic Current Affairs Quiz – 2

1. RBI has recently reduced the SLR (Statutory Liquidity Ratio) from 24% to –

 23%
 23.5%
 22%
 22.5%
( Ans – 1)

2. The annual foreign Trade policy (2012 – 13) of India aims at increasing Exports by what percent ?

 32 %
 30 %
 27 %
 20 %
( Ans – 4)

3. India’s GDP Growth Rate in the Quarter – 4 for Fiscal 2011 – 12 (Jan – Mar 2012) stayed at 32 Quarters’ lowest. The value of GDP Growth in Q4 for 2011 -12 was ?

 6 %
 5.6 %
 5.3 %
 5 %
( Ans – 3)

4. As per recent announcement by RBI, Basel -III banking regulation accord will be effectively implemented in India from –

 Jan 1, 2014
 Jan 1, 2013
 Mar 31, 2013
 Mar 31, 2014
( Ans – 2)

5.The Global Innovation Index (GII) Report 2012 of 141 countries issued by INSEAD has introduced a new metric called Global Innovation Efficiency Indexthat ranked India at

 First Position
 Fifth Position
 Second Position
 Third Position
( Ans – 3)

6. The fiscal Deficit of India is expected to be under what percent of GDP as per the Union Budget 2012 – 13 ?

 6.1 %
 5.1 %
 5.3 %
 5.9 %
( Ans – 2)

7. Indian’s first Mortgage Guarantee Firm, IMGC has recently been set up by NHB(National Housing Bank), IFC (Intenational Finance Corporation), US BasedGenworth and ADB (Asian Development Bank). IMGC stands for ?

 Indian mortgage Guarantee Company
 Indian mortgage Guarantee Corporation
 Indian mortgage Guarantee Commission
 Indian mortgage Guarantee Committee
( Ans – 1)

8. India has recently Exteneded ban on import of Milk Products from which of the following countries?

 China
 Pakistan
 Bangladesh
 Myammar
( Ans – 1)

9. What is the current value of Bank Rate in India?

 9.5 %
 8.5 %
 8 %
 9 %
( Ans – 4)

10. The Microfinance institutions Bill 2012 presented in Lok Sabha recently has given powers of regulating activities of MFIs (Interest and Recovery methods) to which institution in the country ?

 SEBI
 RBI
 NABARD
 SIDBI
( Ans – 2)

11. Which Indian Mobile Operator Company has recently accquired 49% Stake in US Based Wireless Company Qualcomm ?

 Reliance
 Bharati Airtel
 IDEA
 Vodafone
( Ans – 2)

12. According to a Recent Announcement, RBI has directed Indian Banks to maintain Tier I Capital of Min What precent of their Risk Weighted Assets ?

 7 %
 8 %
 9 %
 10 %
( Ans – 1)

13. Union Finance Ministry Recently increased the upper limit of FDI inflow in Insurance and Pension Sector from 26% to what percent ?

 51 %
 55 %
 65 %
 49 %
( Ans – 4)

14. What is the current limit on MSF (Marginal Standing Facility) that allows banks to borrow upto a certain percent of their net demand and time liabilities ?

 1 %
 2 %
 4 %
 3 %
( Ans – 2)

15. The CPI Based Inflation has touched a record high mark of 10.36% in May 2012. What does CPI Stands for ?

 Cost Pricing Index
 Consumer Paper Index
 Cost Paper Index
 Consumer Price Index

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