June & July Business GK 2011

8/6/2019 June & July Business GK 2011

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BUSINESS GK JUNE & JULY 2011

Butterflys Page 1

Part 1:

l. Which of the key rate was raised 25

bps by RBI in its mid-quarter review of

monetary policy on June 16, 2011?

(A) Repo Rate

(B) Reverse Repo Rate(C) Both the above

(D) None of the above

2 On June 16, 2011, the repo rate stands

at-

(A) 7 7 5% (B) 7 5%

(C) 7 25% (D) 7 0%

3. Which of the following state has

decided to constitute 'Innovation

Council' on the lines of National

Innovation Council constituted by the

centre government?

(A) Haryana (B) Gujarat

(C) Karnataka (D) Maharashtra

4. As per the revised estimates of CSO

for the year 2010-11, GDP growth rate

at factor cost stands at-

(A) 82% (B) 84% (C) 85% (D) 86%

5. Which of the following sector

registers highest growth rate as per

revised estimates of CSO for the year

2010-11?

(A) Mining and Quarrying

(B) Manufacturing

(C) Construction

(D) Electricity, Gas and Water Supply

6. What is the target of disbursing

agriculture institutional credit during

the year 2011 -12?

(A) rupee 4,00,000 crore

(B) rupee 4,25,000 crore

(C) rupee 4,50,000 crore

(D) rupee 4,7 5,000 crore

7. What is the minimum support price of

paddy (A -grade) for the year 2011 - 12

as declared by the government?

(A) rupee 1,080 per quintal(B) rupee 1,100 per quintal

(C) rupee 1,110 per quintal

(D) rupee 1,120 per quintal

8. Government has ex tended Duty

Entitlement Pass-book Scheme (DEPS)

upto-(A) July 15, 2011 (B) July 30, 2011

(C) August 30, 2011

(D) September 30, 2011

9. The new CMD of NABARD appointed

by the government in June 2011 is-

(A) Prakash Bakshi (B) Nupoor Mishra

(C) Prakash Chandra (D) Rajeev Kumar

10. The new President of CBDT (Central

Board of Direct Taxation) who took

charge on June 1, 2011 is-

(A) Sudhir Chandra

(B) Prakash Chandra

(C) Amit Mitra

(D) Harsh C. Meriwala

11. What is the projected growth rate of

Indian economy made by RBI for the

year 2011 -12?

(A) 80% (B) 82% (C) 84% (D) 86%

12. New Index of Industrial Production

(lIP) has come into force w.e.f. June 10,

2011. Its base has been changed from

1993-94 to-

(A) 2000-01 (B) 2002-03

(C) 2004-05 (D) 2007 -08

13. In 'Forbes 2000' list for the year

2010, 56 Indian companies were

included. How many Indian companies

found place in 'Forbes 2000' list for the

year 2011? 21

(A) 55 (B) 57 (C) 58 (D) 59

14. FDI in India's service sector during

2010-11 registered-

(A) an increase of about 105%

(B) a fall of about 15%

(C) a fall of about 20%

(D) None of the above


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Butterflys Page 2

15. LIC has introduced a new health

policy offering comprehensive

hospitalisation benefits for the whole

family of the principal insured. The new

policy is known as-

(A) Jeevan Raksha(B) Jeevan Sanrakshan

(C) Jeevan Arogya

(D) Jeevari Arogya Plus

16. In which census, the child sex ratio

(0-6 years) was the highest at 964

female children/ 1000 male children?

(A) 1961 (B) 197 1 (C) 1981 (D) 1991

17. Up to which financial year, 13th

Finance Commission has recommended

to bring 'Revenue Deficit' to zero level?

(A) 2011 -12 (B) 2012-13

(C) 2013-14 (D) 2014-15

18. Since April 2010 (upto June 16,

2011) how many times RBI has raised

its key rates i.e., repo rate and reverse

repo rate?

(A) 8 times (B) 9 times

(C) 10 times (D) 11 times

19. Index of Industrial Production (IIP)

with new base 2004-05 in April 2011

registers 7 -months low growth at-

(A) 46% (B) 52% (C) 63% (D) 69%

20. In the new IIP series with base

2004-05, the number of item groups in

the manufacturing sector has gone up

from-

(A) 473 to 520 (B) 473 to 620

(C) 507 to 620 (D) 538 to 638

Answers:

1. c, 2. b, 3. a, 4. c, 5. b, 6. d, 7. c, 8. d, 9. a,

10. b, 11 . b, 12. c, 13. b, 14. c, 15. c, 16. b,

17 . c, 1 8. c, 1 9. c, 20. b

Part 2:

1. The percentage share contribution of

Tertiary Sector in country's GDP in2010-11 (Advance Estimates) is

(a) 53.8% (b) 57 .8%

(c) 61 .2% (d) 63.6%

2. A s the status on May 25, 2011, what

is number of 'Maharatna' and 'Navratna'

companies in India?(a) 4 and 17 respectively

(b) 5 and 16 respectively

(c) 5 and 17 respectively

(d) 6 and 15 'respectively

3. How many Indian Companies find

place in Global 2000 list of 2011

released by Forbes?

(a) 57 (b) 56 (c) 55 (d) 54

4. During 2010-11, the growth in India's

exports and imports stood at

(a) 39.6% and 23.2% respectively

(b) 37 .5% and 21 .6% respectively

(c) 35.7 % and 22.8% respectively

(d) None of the above

5. Which of the following is not a

'Maharatna' status having company?

(a) Coal India Ltd. (b) SAIL

(c) ONGC (d) BHEL

6. Abut Point port of Australia has been

acquired on years lease by

(a) Adani Group (b) Tata Group

(c) Indian Oil Corporation (d) L &T

7. Finance Ministry has released new

income tax return form for salaried class

with the name

(a) Sahaj (b) Sugam

(c) Any of the above two

(d) None of the above

8. Which of the following key rate of RBI

was changed maximum times during

2010?

(a) Cash Reserve Ratio (b) Repo Rate

(c) Statutory Liquidity Ratio

(d) Bank Rate


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Butterflys Page 3

9. The RBI in its annual policy review on

May 3 pegged the real GDP growth rate

for 2011 -12 at __

(a) 8.5% (b) 9% (c) 9.5% (d) 8%

10. According to GECD, the globaleconomy is projected to expand by _this

year.

(a) 3.2% (b) 4.2% (c) 5.2% (d) 6.2%

11. The new Index of Industrial

Production (IIP) came into effect from _

(a) March 10

(b) April 10

(c) May 10

(d) June 10

12. The OECD paged Indian's growth at

(a) 8% (b) 8.5% (c) 9% (d) 9.5%

13. With which of the following South

American countries has India recently

signed a Double Taxation Avoidance

Agreement (DTAA) for prevention of

fiscal evasion with respect to taxes on

income emanating from either country?

(a) Venezuela (b) Chile(c) Colombia (d) Brazil

14. Which Public Sector Undertaking

(PSU) has approved the proposal to

offload government's 5 percent stake in

'the company as part of Centre's

programme to mop up Rs. 40000 crore

through disinvestment in 2011 -12?

(a) SAIL (b) GAIL (c) BHEL (d) BSNL

15. Which Bank has signed an

agreement with National Skill

Development Corporation (NSDC) to

promote vocational training amongst

the youth?

(a) Central Bank of India

(b) Punjab National Bank

(c) State bank of Maharashtra

(d) Axis Bank

Answers:

1 . d 2. c 3. c 4. a 5. d 6. a 7 . a 8. c 9. d

10. b 11 . d 12. b 13. c 14. c 15. a

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June & July Business GK 2011