Quiz 274 : Current Affairs – Business & Economy

1.M-PESA is a product name of a mobile-phone based money transfer service that was developed by Sagentia for Vodafone for markets like Kenya, Tanzania, Afghanistan etc. This service is being operated by which company since September 2009 (transferred from Sagentia) ?
(A)HP Systems
(B)IBM Global Services
(C)Citrix Systems
(E)None of the above

2.From which of the following countries India imports most CDMA phones?
(A)China & North Korea
(B)China & Malaysia
(C)China & South Korea
(D)China & Thailand
(E)Thailand & South Korea

3.The southern part of the San Francisco Bay Area in Northern California, United States is world famous for which of the following?
(A)Science City
(B)Space Technology
(C)Information Technology
(D)Meat & Poultry
(E)Defense Technology

4.Keeping in view some states of India like J& K and Assam severely hit by insurgency and non-verification of subscribers could lead to escalation of illegal activities, the Department of Telecommunication has been issuing notifications from time to time to mobile operators to ensure 100 per cent verification. As per the
norms what is the penalty for every unverified connection on the service provider?
(A)Rs. 250
(B)Rs. 550
(C)Rs. 1000
(D)Rs. 750
(E)Rs. 1500

5.The Reserve Bank of India in its Annual Policy Statement of April 2009, had proposed the setting up of a Financial Stability Unit, drawing upon inter-disciplinary expertise from supervisory, regulatory, statistics, economics and financial markets departments for carrying out periodic stress tests and for preparing financial
stability reports. Recently who among the following was appointed as head of this Department of Financial Stability Unit ?
(A)Shyamala Gopinath
(B) Subir Gokarn
(C)Usha Thorat
(D)Y V Reddy
(E)None of them

6.Which among the following is correct regarding the appointment of deputy governor in Reserve Bank of India?
(A)The appointment of a deputy governor can be for a maximum of 5 years or till the age of 62, whichever is earlier.
(B)The appointment of a deputy governor can be for a maximum of 4 years or till the age of 62, whichever is earlier.
(C)The appointment of a deputy governor can be for a maximum of 3 years or till the age of 60, whichever is earlier.
(D)The appointment of a deputy governor can be for a maximum of 2 years or till the age of 62, whichever is earlier.
(E)The appointment of a deputy governor can be for a maximum of 5 years or till the age of 60, whichever is earlier.

7.The finance ministry has constituted a working group to recommend changes in the existing policies on FII inflows and participatory notes, with a view to attract more foreign portfolio investments. Who among the following will be heading this 16 member group on portfolio investments?
(A)Nitish Sengupta
(B)U. K. Sinha
(C)S. K. Roongta
(D)N. S. Raghavan
(E)None of them

8.Which of the following state in India has recently come into limelight as two steel giants Posco and ArcelorMittal have recently announced investment of approximately 50,000 Crore Rupees collectively (in separate) projects?
(D)Andhra Pradesh

9.At which of the following countries/ places State Bank of India has no overseas office? (As of today November 26, 2009)

10.Recently (November 24, 2009) the Council of Scientific & Industrial Research (CSIR) of India has signed a MOU titled ” A Traditional Knowledge Digital Library (TKDL) Access Agreement” with the Patent and Trademark Office of which of the following countries ?
(B)United States

11.Which among the following prepares and releases “Global Gender Gap Report ” annually ?
(A)United Nations Development Programme
(B)World Trade Organization
(C)World Economic Forum

12.Which among the following has recently become world’s number one Car maker ?
(C)Hyundai Motor Company
(E)None of them

13.Recently we read in the newspapers that the rupee has strengthened against the American greenback (Greenback is a term used for the United States dollar) by about 4.8 per cent during the past few months. Which among the following is a correct consequence of this move (general impact) ?
(A)Negative impact on Indian Importers & Positive Impact on Indian Exporters
(B)Negative impact on Indian Exporters & Positive Impact on Indian Importers
(C)Negative impact on Indian Importers & Indian Exporters
(D)Positive impact on Indian Importers & Indian Exporters
(E)None of them

14.Annual “Hurun Report” presents a ranking of the wealthiest individuals in which of the following regions / countries?
(A)Asia Pacific
(D)BRIC Countries
(E)North America

15.Recently media has started talking about a proposed informal special relationship between two countries G 2 sometimes exaggerating that world dominated not by G-7 or G 20 but G 2. One is United States , which one is another ?

16.What is the maximum limit, the Telecom regulator TRAI has fixed for mobile operators to charge from customers for switching to another operator under the proposed Mobile Number Portability scheme?
(A)Rs. 10
(B)Rs. 15
(C)Rs. 19
(D)Rs. 26
(E)Rs. 36

17.Which among the following is Not correctly matched?
(A)Larry Ellison – Oracle Corporation
(B)Howard Schultz – Starbucks
(C)Ursula Burns – Xerox
(D)Lloyd Blankfein – Goldman Sachs
(E)All are correctly matched

18.Strictly using its numerical classifications, the World Bank classifies countries into four income groups Low, Middle, Upper Middle and High Income groups. What is the threshhold GNI (Gross National Income) of High Income Countries as per recent classification of 2008?
(B)$ 8,986
(C)$ 6,785
(E)$ 2555

19.Which of the following institution releases “World Economic Outlook Report”?
(A)World Bank
(B)Federal Reserve Bank
(C)International Monetary Fund
(D)International Finance Corporation
(E)None of them

20.In which year the one of the most famous daytime talk show in America “The Oprah Winfrey Show” was started. She recently decided to close this programme now.

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  • Anonymous


  • Anonymous

    Great quiz!! Wonderful questions


    find it very boring to read the economics section in newspapers…

    but get all the info on economics in ur quiz on business and current economics



  • Anonymous

    sir i think the ans for q.13 is OPTION A.I think so kindly state the logic for ur answer for OPTION B.BECOZ when there is rise in export then the demand for domestic currency in international market increases makinf it stronger angaist dollar that's what i think.

  • Nuts

    I like the make-over.. ;)
    And, the quiz is brilliant, as always! :)

  • Anonymous

    Thanks Sir,

    Its a easy way to get important and useful economic news besides getting bore by newspapers… Rohan

  • Shikha

    When there is any currency get increase in value so thats country product price get higher….
    suppose 1 dollar is euaql to 50 rs then if so any american can buy indian product worth rs 50 in just one dollar now
    if rupees get strength means if we get 1 dollar in just 45 rs then amreican have to pay more or say they can buy thing value of 45 rs only in which they buy 50 rs thngs earlier so they purchase less if they purcahse less our export get affected so answer is B of question 13 .. get it or i explain so more?

  • Anonymous

    Dear Sir,
    1st of all loads of appreciation for your commendable work.
    Kindly guide about the Preparation for 2nd phase of RBI exam to be held on 2nd & 3rd jan.