Quiz 351: Finance, Business & Economy Current Affairs for Bank PO , Civil Services , State Services and all other examinations

1.We read in the newspapers that India is witnessingtwo-digit-food-price-inflation phenomenon in the last 18 months. Consider the following reasons behind this phenomenon:
1. The food stock available with the government is much below the mandated buffer norms
2. There is a shortage of food grains in the market.
3. The 2009 monsoon was worst since 1972 which resulted into low agricultural growth.
In the above 3 statements bring out those which hold true:
(A)1 only
(B)1 & 2 only
(C)2 & 3 only
(D)all 1,,2 & 3
(E)None of them is correct

2.Bt Cotton has been credited with turning India from a cotton importer to the world’s second largest producer of the cash crop after China. However recently we read some reports in the news papers that Bt cotton is no longer resistant to an evolving pest. (These reports are not confirmed yet and it seems to be premature to say so). Bt Cotton accounts for approximately what fraction of India’s Total Cotton Production?
(A)40%
(B)60%
(C)70%
(D)80%
(E)30%

3.Under which of the following programmes come the rehabilitation of existing tissue culture units, vegetable seed production, building seed infrastructure for handling, storing and packaging of seeds, rejuvenation of unproductive plantations and setting up of water sources?
(A)High Yield Verities Programme
(B)National Horticulture Mission
(C)National Food Security Programme
(D)Small Farmers’ Agri-Business Consortium
(E)National Agriculture Insurance Scheme

4.Who among the following is the author of “The World Is Flat: A Brief History of the Twenty-First Century”, an international bestselling book?
(A)Thomas L. Friedman
(B)Jeffrey Sachs
(C)Sharon Beder
(D)Benjamin R. Barber,
(E)None of them

5.Which of the following state governments in India has revived a 35-year-old Act in the recent state Budget which gives ownership of up to five cottahs of state-owned homestead land to landless agricultural laborers, rural artisans and fishermen for free? (Note: a Cottah is approximately one-sixtieth of an acre.)
(A)Bihar
(B)Chhattisgarh
(C)Orissa
(D)West Bengal
(E)Madhya Pradesh

6.Which among the following state has received the largest chunk in the funds released by the Congress-led United Progressive Alliance government for its flagship income generation scheme NREGA?
(A)Madhya Pradesh
(B)Orissa
(C)Rajasthan
(D)Tamil Nadu
(E)Maharastra

7.What amount has been proposed by the government in the Foreign Educational Institution (Regulation of Entry and Operation) Bill, 2010 to be deposited as Corpus Fund? (The act was recently cleared by the Cabinet which seeks to allow foreign Universities set up their campuses in India and now it will be introduced in the parliament)
(A)Rs. 20 Crore
(B)Rs. 40 Crore
(C)Rs. 50 Crore
(D)Rs. 80 Crore
(E)Rs. 100 Crore

8.Since 2000, what fraction FDI has been permitted in India in Education?
(A)51%
(B)36%
(C)76%
(D)74%
(E)100%

9.Which among the following is Indian Economy’s Highest annual growth till now?
(A)9.2%
(B)9.5%
(C)9.7%
(D)9.9%
(E)8.9%

10.Who among the following is current Chief Economic Adviser to the Government of India?
(A)Montek Singh Ahluwalia
(B)Kaushik Basu
(C)C. Rangarajan
(D)Kirit Parikh
(E)Bimal Jalan

11.In which year whole of India had been covered under Directly Observed Treatment, Short-course (DOTS) under Revised National Tuberculosis Control Programme (RNTCP)?
(A)2004
(B)2005
(C)2006
(D)2007
(E)2008

12.In how many cities, from 1 April 2010, the oil companies will begin selling cleaner burning Euro-IV compliant fuels ?
(A)8
(B)10
(C)13
(D)16
(E)20

13.Which among the following company has bought the rights to an emergency contraceptive drug Cipla’s i-pill recently?
(A)Dr. Reddy’s Laboratories
(B)Mankind
(C)Piramal Healthcare
(D)Sun Pharmaceutical
(E)None of them

14.In 2008 State Bank of India got approval to start operations in Singapore. This was a consequence of an agreement between India and Singapore to open up their financial sectors to each other. Latest in the series is ICICI bank which has got a green light from Singapore’s regulators to begin retail operations in that country. The approval from the Monetary Authority of Singapore allows ICICI to open branches, take deposits, and give out loans like a local bank. In which year, the agreement to open up the financial sectors of each other was signed between India and Singapore?
(A)2004
(B)2005
(C)2006
(D)2007
(E)2008

15.As per a recent statement by Deputy Chairman of the Planning Commission Montek Singh Ahluwalia, the investment in infrastructure will come close to $500 billion in the five years to 2012.Which among the following sector will contribute most to reaching the $500 billion target laid out in the 11th five-year plan?
(A)Highways
(B)Railways
(C)Airports
(D)Telecom
(E)Power

16.On March 23, 2010 India’s largest car manufacturer, Maruti Suzuki, became the first automobile company in India to produce one million cars in a year as the company rolled out its millionth vehicle (A red Maruti Suzuki Swift) from company’s Manesar Plant. In which year Maruti started operation?
(A)1980
(B)1983
(C)1985
(D)1986
(E)1988

17.Recently we read in the newspapers that IndiGo, one of the biggest low cost airlines of India approaches the Civil Aviation Ministry to get approval to go international. As per norms, a domestic airline needs to complete how many years of domestic operations to be eligible for International Operations?
(A)2 years
(B)3 years
(C)5 years
(D)7 years
(E)4 years

18.Recently , Rajya Sabha passed the Women’s Reservation Bill. We read in the newspapers that support for the bill was overwhelming, with 186 votes in favor of it and just one vote against it. Since this bill is an amendment bill, what fraction of the house members were required to be present to support it?
(A)1/3
(B)1/2
(C)2/3
(D)3/4
(E)2/5

19.In which of the following countries National Employment Savings Trust was in news?
(A)US
(B)UK
(C)Australia
(D)Germany
(E)Canada

20.What is India’s rank in latest Global Innovation Index?
(A)35
(B)43
(C)56
(D)58
(E)59

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