Financial/Economics Current Affairs Quiz – 4

1. Indian company recently rated as second largest outsourcing firm in world by IOAP (International association of outstanding professionals) –

 HCL
 Infosys
 Reliance
 TCS
( Ans – 2)

2. Which stock Exchange was recently rated as largest in the world in terms of equity trades ?

 National Stock Exchange, India
 Bombay Stock Excgange, India
 Tokyo Stock Excgange, Japan
 New York Stock Excgange, USA
( Ans – 1)

3. India’s First Financial Supermarket has recently been started in city of –

 Bangalore
 Jaipur
 Mumbai
 New Delhi
( Ans – 2)

4. According to a recent report, What has been India’s GDP Growth Rate in First Quarter of 2012 – 13 (Apr – June) –

 6.1 %
 5.5 %
 6.7 %
 5.3 %
( Ans – 2)

5. Planning commission recently revised its estimates for India’s GDP Growth Target in 12th Five Year Plan (2012 – 17). The new estimate stands at –

 8.0 %
 8.2 %
 7.2 %
 9.0 %
( Ans – 2)

6. According to a recent RBI Report, India’s External Debt in last financial year, 2011 – 12 has been what percent of its overall GDP ?

 20 %
 25 %
 15 %
 30 %
( Ans – 1)

7. The union govt recently formed a Committee under Mr. Parthasarathi shome to review Implementation of GAAR (General anti avoidance rule).

The committee has recommended postponment of implementation of GAAR by how many years ?

 5 Years
 3 Years
 2 Years
 1 Year
( Ans – 2)

8. Recently, RBI has cut down the CRR (Cash Reserve ratio) by .25 % while it kept other key rates unchanged.

The new value of CRR after deduction is –

 5.5 %
 4.25 %
 4 %
 4.75 %
( Ans – 2)

9. What is the current value of Bank Rate, Reverse Repo and Repo rates in India respectively (As on Nov 01, 2012)?

 Bank – 10 %, Repo – 9%, Reverse Repo – 8%
 Bank – 9 %, Repo – 8 %, Reverse Repo – 7 %
 Bank – 8 %, Reverse Repo – 7 %, ReverseRepo – 6 %
 Bank – 7.5 %, Repo – 6.5 %, Reverse Repo – 5.5 %
( Ans – 2)

10. IMF (International Monetary Fund) recently Released World Economic Outlookreport. It reduced India’s GDP Growth rate estimate in 2012 from 6.1 % to –

 6 %
 6.5 %
 6.7 %
 4.9 %
( Ans – 4)

11. Recently, Union Govt allowed FDI in MULTI Brand Retail upto what percent ?

 49 %
 51 %
 26 %
 74 %
( Ans – 2)

12. What are current limits for FDI In civil Aviation and Broadcasting sectors as permitted by Union Govt. ?

 Civil Aviation – 49 %, Broadcasting – 74 %
 Civil Aviation – 51 %, Broadcasting – 49 %
 Civil Aviation – 49 %, Broadcasting – 51 %
 Civil Aviation – 51 %, Broadcasting – 26 %
( Ans – 1)

13. What are current limits for FDI in Insurance, Pension and Power exchange Sectors in India as permitted by Union Govt ?

 Insurance – 26 %, Pension – 26 %, Power –49 %
 Insurance – 49 %, Pension – 49 %, Power – 49 %
 Insurance – 74 %, Pension – 26 %, Power –26 %
 Insurance – 51 %, Pension – 49 %, Power –49 %
( Ans – 2)

14.The CAMELS rating system for Evaluating the health of credit unions stands for –

 Capital, Asset quality, Management, Earning,Liability management, Sensitivity to Market Risk
 Capital, Asset quality, Management, Earning,Licensing, Security
 Capital, Asset quality, Management, Earning,Labelling, Security
 Capital, Abeyance, Management, Earning,Liability management, Sensitivity to Market Risk
( Ans – 1)

15. Government recently hiked Dearness Allowance for government employees to –

 7 %
 8 %
 6 %
 9 %
( Ans – 1)

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