Financial/Economic Current Affairs Quiz – 3

1. According to a recent economic outlook report issued by PMEAC, what is the modified GDP Growth rate of India in FY 2012 – 2013 ?

 6%
 6.9%
 6.5%
 7.6%
( Ans – 1)

2. According to a recent report, How may Subsidized LPG Cylinders will be provided in an year for common household use ?

 8
 9
 4
 5
( Ans – 2)

3. Recently, the finance ministry increased the number of years the Employees’ Provident Fund Organization (EPFO) can invest the employees’ deposits in Bank Fix Deposits. What is now the increased limit of years in this regard ?

 5
 6
 7
 3
( Ans – 1)

4. India’s GDP Growth Rate in First Quarter of 2012 – 13 (Apr – JUne) was seen to be –

 5.9 %
 6.1 %
 6.9 %
 5.5%
( Ans – 4)

5. What is Crisil’s recently revised Estimate for Country’s GDP Growth in 2012 – 13 ?

 5.9 %
 6.7%
 5.5 %
 8.2 %
( Ans – 3)

6. According to a recent report, the Government’s Depth to GDP Ratio was seen to be highest for which country ?

 China
 India
 Japan
 Pakistan
( Ans – 3)

7. HSBC’s PMI is a measure of growth of various sectors. Its stands for –

 Perfect Managers’ Index
 Purchasing Managers’ Index
 Parity Managers’ Index
 Productivity Managers’ Index
( Ans – 2)

8. NABARD recently Lent Rs. 32 Crore to which state to build foodgrains godowns under RIDF (Rural Infrastructure Development Fund) –

 Punjab
 Haryana
 Uttar Pradesh
 Madhya Pradesh
( Ans – 2)

9. INDIA recently lent $ 149 Million to which Under-Debt Euro Zone Country ?

 France
 UK
 Ireland
 Germany
( Ans – 3)

10. Recently a Committee formed by Govt to examine rules for implementation of GAAR (General Anti Avoidance rule) said that the FIIs (Foreign Institutional Investors) be excluded from GAAR. This Panel was headed by ?

 D M Dharmadhikari
 Parthasarathi shome
 A K Upadhya
 Y H Malegam
( Ans – 2)

11. According to recent financial report of Q1 of FY 2012 – 13 (Apr – June), what was the Fiscal Deficit of the country as percent of the total GDP ?

 9.1 %
 8.1 %
 8.7 %
 9.7 %
( Ans – 2)

12. The Government recently Formed a Committee to examine Taxation policies for IT Sector. This Committee is headed by?

 C Rangarajan
 N Rangachary
 D M Dharmadhikari
 Y H Malegam
( Ans – 2)

13. RBI Recently Directed the NBFCs (Non-Banking Financial Companies) to maintain Net Owned Funds (NOF) of Minimum what value (by March 31, 2013) ?

 2 Crore
 4 Crore
 3 Crore
 5 Crore
( Ans – 3)

14. Recently the Union Government enhanced limits of FDI in Pension and Insurance Sector.

In Insurance Sector, the Limit of FDI is now 49% and in Pension Sector, it is now –

 26 %
 29%
 100%
 51%
( Ans – 1)

15. A high-level committee on external commercial borrowings (ECB) recently decided to further liberalize the foreign borrowing norms. The Committee was headed by –

C S Sundaramurti
Arvind Mayaram
K. Srinath
Pratyush Sinha
( Ans – 2)

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