Quiz 140 : Business & Economy Current Affairs

1.In April 2009, the IMF approved a credit line of $47 billion in the first use of a new instrument designed to bolster strong performing economies against fallout from the current global economic crisis for which of the following countries?
(A)Singapore
(B)Mexico
(C)Vietnam

2.Export-Import Bank of India (Exim Bank) on May 8, 2009 has extended a $30-mn line of credit (LOC) to finance rural electrification projects in which country?
(A)Kenya
(B)Mozambique
(C)Ghana

3.Recently we read in the news papers that " The investment aims, which will be carried out in next 3 to 4 years, aims at enhancement of oil and gas output at the ONGC’s Mumbai High fields situated on India’s western offshore." What is the amount of investment that is ONGC Planning to invest in project to redevelop Mumbai High fields?
(A)Rs. 9000 Crore
(B)Rs. 7500 Crore
(C)Rs. 6000 Crore

4.Recently India Post has issued a stamp on "Life Line Express" . Which among the following is not true about Life Line Express?
(A)The Lifeline Express or Jeevan Rekha Express is a mobile hospital train run by the Impact India Foundation.
(B)It was developed in collaboration with the Indian Railways and Health Ministry and has been funded by Impact UK, international charitable sources, Indian corporate houses and individuals.
(C)Since 1991, the service has benefited 400,000 Indians in the remotest rural parts of the country over the course of approximately ninety-three projects.

5.In April 2009 , Assocham called for creation of ''Infrastructure Financing Fund'' to better finance such projects both at Central and State levels. What was the size of this Fund as per Assochem's suggestion?
(A)90 Million Dollar
(B)80 Million Dollar
(C)100 Million Dollar

6.The Reserve Bank said in April 2009 that it will shortly issue new currency notes in denominations of Rs 5, Rs 50, Rs 100, Rs 500 and Rs 1,000. What is the single change in these new notes?
(A)change in the RBI Logo
(B)change in the inset letter
(C)Change in the Series

7.In May 2009 , Ten Asian countries plus China, Japan and South Korea agreed to set up an emergency currency pool to boost liquidity and help the region overcome the global crisis. What is the size of this Fund?
(A)120-billion-dollar
(B)150-billion-dollar
(C)220-billion-dollar

8.The government has initiated action to introduce a new Consumer Price Index by August 2010. The new 'Consumer Price Index' would be available with how many new subsections?
(A)3 subsections viz. national, rural, urban
(B)4 subsections viz. national, rural, urban & State
(C)3 subsections viz.national , state & rural

9.Five leading government banks, led by State Bank of India (SBI), will open 15,300 ATMs to facilitate retail customers, for whom the service has become free from April 1 this year. How many ATMs will SBI open ?
(A)14300
(B)13400
(C)12700

10.After opening 13400 new ATMs what will be the total number of SBI ATMs on Pan India Basis ?
(A)27500
(B)25000
(C)24000

11.The Shanghai Cooperation Organization (SCO) is an intergovernmental mutual-security organization which was founded in 2001 by the leaders of ________?
(A)China, Kazakhstan, Kyrgyzstan, Russia
(B)China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan
(C)China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, and Uzbekistan

12.A Soyuz-2 carrier rocket, which was launched in May 2009 from the Plesetsk space center in north Russia, has put an advanced a military satellite into orbit. What is its name?
(A)Meridian 2
(B)Molniya-2
(C)Meridean-1

13.US India Business Council (USIBC) has recently awarded Azim Premji & Anil Ambani for their outstanding contribution in corporate sector. Which among the following is true regarding these awards?
(A)Wipro Chairman Azim Premji will be honoured with the 'Global Vision' award, while Anil Ambani of the Anil Dhirubhai Ambani Group will receive the 'Global Leadership' award
(B)Wipro Chairman Azim Premji will be honoured with the 'Global Leadership' award, while Anil Ambani of the Anil Dhirubhai Ambani Group will receive the 'Global Vision' award
(C)Both Wipro Chairman Azim Premji & Anil Ambani of the Anil Dhirubhai Ambani Group will receive the 'Global Leadership' award

14.Who has been appointed as CEO of Mahindra Satyam?
(A)Sanjay Kalra
(B)C P Gurnani
(C)Vineet Nayyar

15.The stock markets in Brazil, China, India, and Russia experienced the biggest declines in 2008," the World Bank said in its recent report titled 'Global Development Finance 2009: Charting a Global Recovery. The worst performance was of ?
(A)Brazil
(B)Russia
(C)India

16.Following the signing in May 2009 of a Memorandum of Co-operation between IFC and G-Nexid, IFC and Bank of Tokyo-Mitsubishi will provide a joint trade financing line to the EXIM bank of India to help support export-focussed SME (Small & Medium Enterprises) .What is the amount?
(A)$ 60 Million
(B)$ 50 Million
(C)$ 45 million

17.Which international Financing agency will give $50 million loan to healthcare major Apollo Hospitals for providing high quality services to smaller cities across the country.
(A)International Finance Corporation (IFC)
(B)Asian Development Bank (ADB)
(C)World Health Organization (WHO)

18.On June 24, 2009 , the second-largest motorcycle manufacturer in the country, Bajaj Auto, has unveiled the second generation or version 2.0 of the DTS Si engine, which as per Bajaj is the most fuel efficient engine. What is full form of DTS-Si
(A)Digital Twin Spark Swift Induction
(B)Digital Twin Spark Swirl Induction
(C)Digital Twin Spark Shift Induction

19.The G8 summit will be held in which country ?
(A)France
(B)Italy
(C)Germany

20.The US-India Business Council (USIBC) whose "Synergies Summit ' was held recently at Washington said that Shailesh Rao has been appointed on its Board of Directors. Mr. Rao is related to which of the following organizations?
(A)Microsoft India
(B)Google India
(C)Yahoo India