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    12 views5 pages

    Economics Titbits

    Uploaded by

    Amit Kumar

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 5
    u ‘The Reserve Bank of India has formed a conglomerate | cell within its supervisory set-up to keep a constant vigil on 12 large domestic and foreign banks. Which (A) 2011-12 declared "Year of Green Energy" for Railways. 6. Scholarship for Girl child of Group-D railway employees easy eee Peete rotary idented | rereased to Rs 4200 per month, i . According to Railway Budget 2011, It is proposed to (2) State Bank of India (b) Punjab National Bank | extend the facility of card passes to the parents of (©) Canara Bank (A) Axis Bank | unmarried posthumous awards winners of 2. Which PSU was conferred the Outstanding PSU of | 1. Param Vir Chakra 2. Ashok Chala the Year award by All India Management Association] 3. Padma ‘Shri/ Vibhushan on 21 April 2011? | Code : (a) BHEL (b) SAIL | (a) 1 and 3 (b) Land 2 (c) GAIL India Lea. (d) Toc [ (©)1,2and3 (d) 2 and 3 3. Which of the following statements is/are true with reference to the Raliway Budget 2011-12 7 { pang SRE ee ener: 1. Age for senior citizen's concession reduced to Sep ier ion a ins Proposed) "List Ik (Purpose) ome A. Vivek & 1, To celebrate the 150th 2. A Metro Coach Factory is to be set up Manipur, | A» Vivek Express 1. To celebrate the | birth anniversary of Guru 3. AC Double Decker services on Jaipur—Delhi and Rabindranath Tagore jatmetebad Mumbai roles were proposed" IVETE Guru Express 2. To mark the 150th birth Codes ! anniversary of Swami (2) Land 2 (b) 1,2 and 3 i Vivekananda which will be (© 2and 3 (d) 1 and 3 | celebrated in 2013 4. Match List I with List If and select the correct answer! ©: Janam Bhoomi 3. To connecting state Gaurav capitals with important from the codes given below the lists I cities/towns in those st I (Projects Proposed List II (Places) | aa in Railway Budget) |. Ratya Rani 4. To connect important A. Institute for Tunnel 1, Jellingham | erase ital and elucctional and Bridge Engg. | places. B. Bridge Factory 2. Jammu | A BCD eee cm) €. 700 MW gas-based 3. Jammu and Kashmir [ @1 23 4 @2 1 3 4 power plant [pe AM) PPR TERRE Sec) (1) slp D. Rail Industrial Park 4. Maharashtra A BC OD AB C.D | 8. Which of the following statements is/are correct 2+ @20354 1 4 4 2 3 | Mr Pranab Mukherji, Finance Minister of India has (32 2th 1) -(ayetanalctane | proposed many changes in the income tax provisions in his annual budget for the year 2011-2012, Some | 5. Which one of the following is not true regarding) of the provisions proposed in the budget for the Railway Budget 2011-12 ? financial year 2011-12 are : (@) Pan-Incia mutpurpose smart card "Go India" tol 1. The basic income tax exemption limit for senior be introduced. citizens is increased by Rs 10,000 from Rs (b) AC Double Decker services on Jaipur-Delhi and | 240,000 to Rs 2,50,000. ‘Ahmedabad-Mumbai routes. | 2. The basic income tax exemption limit for Very (6) Scholarship for Gil child of Group-D railway | Senior Citizens will be Rs 5,00,000. employees increased to Rs. 1500 per month, | __3._ ‘The general basic income tax exemption limits Economy Titbits 44 June, 2011 =shenced by Rs 30,000 from Rs 1,60,000 to Rs 1,39,000. Which of the above statements is/are correct ? (2) Only 1 (b) 2 and 3 () tend 2 (@) 1, 2.and 3 T | | I | Which one of the following was not proposed in the ! Union Budget 2011-12 ? | (2) Concessional Excise Duty of 10 per cent to | vehicles based on Fuel call technology. | (b) Central Excise Duty to be increased to 15 per | cent. (©) Basic Customs Duty on solar lantern reduced from 10 to 5 per cent: (d) Basic Custom Duty reduced for specified | agricultural machinery from 5% to 2.5% | | t Consider the following statements with regard to Union Budget 2011-12 = 1. Eligibility for pension under the Indira Gandhi | National Old Age Pension Scheme was proposed | to be reduced from 65 to 60 years. For those | who are 80 years and above, the pension amount | is being raised from Rs 200 at present to Rs 500 per month, I 2. Rashtriya Swasthya Bima Yojana was proposed | to be being extended to the beneficiaries of | Mahatma Gandhi NREGA Which of the above statements given above is/are correct ? (2) only 1 (©) both 1 and 2 (b) only 2 () neither 1 nor 2 | i I | I . To enhance credit worthiness of economically weaker | sections and LIG households, a Mortgage Risk | Guarantee Fund to be created under wihich of the j following scheme or Yojana? (2) Rajiv Awas Yojana | (b) Mahatama Gandhi NREGA | (c) Rajiv Gandhi Grameen Vidyutikaran Yojana | (d) Indira Awas Yojana | According to the Economic survey 2010-11 what | percentage growth was recorded by the! manufacturing sector in 2010? | (a) 8.4% (b) 9.1% | (0) 9.6% (8% I | | | | | | | | i . Which one of the following has built the 218-km Chainsa-Sultanpur-Neemrana pipeline ? (a) Indraprastha (b) 10C (© ONGC (d) GAIL ‘Which one of the following is the most important factor responsible for decline of bio-diversity ? (a) Genetic assimilation (b) Controlling predators (c) Destruction of habitats (a) Controlling pests ‘The Government has raised the Member of Parliament Local Area Development (MPLAD) from Rs. 2 crore to Rs 5 crore per year. When was the MPLAD scheme introduced ? (a) 1991 (b) 1992 (c) 1993 (a) 1994 In March 2011, the Government of India has conferred the Mini-ratna IT status to which of the following Public Sector Undertakings ? (a) NTPC (b) National Small Industries Corporation (NSIC) (©) Shipping Corporation of India (d) Neyveli Lignite Corporation The Tehri Hydro Development Corporation (THDC) has commissioned the first 100 MW unit of the 400 MW Koteshwar Hydro Power project in March 2011. Koteshwar Hydro-Electric Project is located 22 Km downstream of Tehri Dam on which river ? (@) Kali (b) Bhagirathi (©) Alaknanda (d) Krishna 3. Rashtriya Madhyamik Shiksha Abhiyan (RSMA) is aimed at expanding and improving the standards of secondary education — classes VIII to X. It ensures universal access of secondary education by which year? (a) 2010 (© 2017 (bp) 2012 (@) 2030, .. Which of the following is/are correct for Foreign Trade Policy 2009-14 ? (a) DEPB Scheme extended till May 2012 (b) The benefit of ECGC Plan is extended till 2010 (c) The policy aims to achieve an annual export growth of 15%, with an annual export target of US$ 260 billion by March 2011 (d) All of the above The Commerce and Industry Minister, Mr Anand Sharma, on April 2011 launched 2 new product ~ ‘Buyer's Credit to boost project exports from India under which of the following ? (2) National Export Insurance Account (b) Rex (c) Export-Import Bank of India (Exim Bank) (d) Export Credit Guarantee Corporation of India (ECGC) . The government on 24th March 2011, constituted the Financial Sector Legislative Reforms Commission (FSLRC) under the chairmanship of (a) Mani Shankar Aiyar (b) Justice Mukul Mudgal June, 2011 45 Economy Titbits 22. 23, 24. 25. 26. 27. 28. 29. 30. (c) V Mohini Giri (d) Justice BN Srikrishna G20 Finance Ministers and Central Bank Governors meeting was held in February 2011 in (a) Moscow (b) London (©) Paris (d) Busan In Union Budget 2011-12, Rate of Minimum ‘Alternative Tax has been proposed to be increased from (2) 15% to 18% (c) 18.5% to 20% (b) 18% to 18.5% (d) 20% to 20.5% ‘Among 169 countries on Human Development Index 2010, which of the following is India's rank ? (a) 89 (b) 93 (© 119 (a) 123 Open market operations of RBI refers to (a) trading in securities (b) auctioning of Foreign Exchange (c) transaction in gold (d)none of the above The RBI reviews its credit and monetary policy | at regular intervals and also in between. What | is the purpose of the same ? | 1, To ensure that inflation does not cross the } limit. 2. To ensure that banks have enough liquidity. | 3. To ensure that cost of the fund does not, reach a very high level. (a) Only (4) (b) Only (2) (c) All of these (d)None of these ‘An increase in CRR by RBI results in (a) decrease in debt of the government (b) reduction in liquidity in the economy (c) attracting more FDI in the country (a) more flow of credit to desired sectors Which of the following department is not a part of Finance Ministry of India? (a) Department of Economic Affairs (b) Department of Industrial Policy & Promotion (c) Department of Expenditure (d)Department of Revenue The preparation of the Union Budget is the principal responsibility of which Department ? (2) Department of Economic Affairs (b) Department of Expenditure (c) Department of Revenue (d) Department. of Disinvestments Mahatma Gandhi Rural Employment Guarantee Act 33. makes a paradigm shift from the previous wage employment programmes by (2) focusing on all-round development of the rural people (b) providing wage employment in rural areas a legal binding for the State Government (c) providing a statutory guarantee of wage employment (d) augmenting food security through wage employment in rural areas . According to Goldman Sachs‘ review of emerging economies by 2050 which one of the following would be the order of the largest economics in the world ? (a) China-USA-India-Brazil Mexico (b) USA-China-India-BrazilMexico (c) China-USA-BrazitIndia-Mexico (d) USA-Mexico-China-India-Brazil . The term ‘demographic gap’ signifies the difference (a) in sex ratio (6) in child/woman ratio (d) between the birth and the death rate (b) in age Which one among the following is not true regarding the draft National Food Security Bill ? (a) every BPL family in the country shall be entitled to 25 kg of wheat or rice per month @ Rs. 3 per kg. (b) the distribution will be on universal entitlement by ensuring coverage of very adult under the public distribution scheme (c) The Central Government shall allocate required quantity of wheat and/ore rice from the central pool to State Governments, which will be distributed through fair shops (d) The draft Bill has been cleared by the empowered group of Ministers for discussion in the Cabinet Which one among the following is not true of the Planning Commission? @it an advisory body and makes recommendations to the Cabinet (b) It is responsible for the execution of development programmes and plans (c) It is responsible for formulation of a plan for the most effective and balanced utilization of the country’s resources (q) It indicates the factors which tend to retard economic development Consider the following statements regarding India’s advocacy for a permanent seat in the United Nations Security Council : 1. India Is the largest democracy in the world 2. India is among the top five largest growing economics in the world Economy Titbits June, 2011 36. 37, ex ay 10. 14. is June, 2011 India has been the largest contributor to the United Nations Peacekeeping Forces. 4. India is one of the top ten contributors of the | United Nations Budget | Which of the statements given above is/are correct? (a) 1,2, 3 and 4 (©) i and 2 only 1 (© 2 only (@) 1, 3and 4 only | Currenty hal oF the world’s population tive in just six! countries, identify them from the following | (@) India, China, Pakistan, Brazil, Bangladesh, Indonesia (b) India, China, Bangladesh, South Africa, Pakistan, | Indonesia | (©) China, India, United States, Indonesia, Brazil, | Pakistan (a) China, India, Bangladesh, United States, Pakistan, Indonesia | Which state has the lowest women literacy rate in | 38: | 3% | 40. India (2011 census : provisional data) ? (a) dharkhand (b) Uttar Pradesh (©) Bihar

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