INDIAN ECONOMY

1. Which missile did Pakistan successfully test-fire on 5 June 2012?

Ans:  Hatf-VII (Babur) cruise missile

2. What is the full form of Nasscom?

Ans:  National Association of Software and Service Companies

3. Who is the owner of Kingfisher Airlines?

Ans:  Vijay Mallay’s

4. Which Airlines Launched Daily Flights to Dubai from Delhi and Mumbai in 2012?              
                Ans:  Spice jet
5. Who is  Spice jet CEO?
                Ans:  Neil Mills
6. Who  is the second largest car seller in India?
                 Ans:  Mercedes-Benz
7. BlackBerry is made by:
               Ans:  RIM
8. Which Stock Exchange decided to buy London Metal Exchange?
                Ans:  Hong Kong Stock Exchange
9. Which was the first company in India who had mass-production and sell more than a million cars?
                Ans:  Maruti Suzuki
10. Name the BEML chairman and MD, who was suspended by the Union defence Ministry on 11 June 2012 to ensure fair investigation into the Tatra truck deal and other cases ?
                 Ans:  VRS Natarajan
11. According to which international organisation’s report, India is listed among the top five countries across the world where a large number of children dies due to diseases like pneumonia and diarrhoea ?
                 Ans:  UNICEF
12. Which Company had signed the world chess Champion Viswanathan Anand their Brand Ambassador on 26 June 2012?
                 Ans:  True Value Homes
13. Which Country Chaired the seventh G20 Summit on 18 and 19 June 2012?
                 Ans:   Mexico
14. ____________emerged as the largest trading partner of___________in the first quarter of 2012-13?
                 Ans:  India, Dubai
15. According to the latest data released by the Reserve Bank of India (RBI) on 19 June 2012, the foreign direct investment (FDI) inflows in India dipped by what per cent to 7.8 billion dollar during January-April 2012?
                     Ans:  8 %
16. As per the export-import data released by the Commerce Ministry on 14 June 2012, India's export dropped by what per cent at 25.68 billion dollar in May 2012?
                   Ans:  4.16
17. Which regulator on 26 June 2012 made it mandatory for top 500 listed companies to hold e-voting with an objective to widen shareholder participation in key decisions?
                  Ans:  SEBI
18. Which city has been slated to host the United Nations Conference on Sustainable Development 2012?
                  Ans:  Rio de Janeiro
19. The World Bank in its report named Global Economic Prospects released on 12 June 2012, projected Indian economy to grow by what per cent in the financial year 2012-13?
                  Ans:  6.9 per cent
20. According to the IIP figure released on 12 June 2012, India’s Industrial output figure rose by what per cent in the month of May 2012 ?
                 Ans:  3.1 per cent
21. India’s gross direct tax collections grew by what per cent in April-May 2012?
                 Ans:  3.62 per cent

  22. The World Environment Day was observed across the globe on 5 June 2012. Theme for the  World Environment Day 2012 was
             Ans:  Green Economy: Does it include you?

23. ‘Closed economy’ is that economy which …………….

Ans:  Neither export nor import takes place

24. For the assessment year 2012 – 2013, an individual with a total income of Rs. …………… lakhs per annum need not pay tax

Ans:  1,80,000

25. The busy season of Indian economy is ………

Ans:  October to December

26. Dear money means money with ……..

Ans:  High rate of interest

27. Planning commission was set up by Government of India in ……..

Ans:  1950

28. ‘Express Remit’ is the brand name of a remittance facility by which  banks?

Ans:  State Bank of India

29. Who was the Chairman of the National Income committee appointed in 1947?

Ans:  P.C. Mahalanobis

30. National Development Council was set up in ………..

Ans:  1952

31. The highest price a buyer is willing to pay for a stock is called ………….

Ans:  Bid

32. ‘Commodities and Capabilities’ book written by

Ans:  Amartya Sen

33. Indian census 2011 is the ……….. Census and ………… after independence.

Ans:  15^th, 7^th

34. Who is called the father of India budget?

Ans:  P.C. Mahalanobis

35. Which is the first Indian company to be listed in the world’s fourth largest stock exchange sistuated in USA ie; NASDAQ

Ans:  Infosys

36. FID refers to ………….

Ans:  Foreign Direct Investment

37. According to 2011 census, literacy rate in India is ………

Ans:  74.04%

38.  Which agricultural commodity if India gives largest in terms of export value?

Ans:  Basmati Rice

39. The concept of ‘Universal Banking’ was implemented in India on the recommendation of :

Ans:  R.H. Khan committee

40. Which two countries on 31 May 2012 inked a Tax Information Exchange Agreement to promote economic cooperation and joint investment between the two countries.

Ans:  India and Bahrain

41. Who work as Ex-officio secretary of National Development Council?

Ans:  Secretary of Planning Commission

42. Which is India’s First Expressway?

Ans:  Mumbai – Pune Expressway

43. What is the approximate share of Road Transport in India’s total transport?

Ans:  80%

44. If there is a lack of money supply in comaparison to the supply of goods and services, then the possible consequence would be ?

Ans:  Deflation

45. Social economic planning a part of ……….?

Ans:   Concurrent List

46. The Wstern Ecology Expert Panel (WGEEP) is headed by:

Ans:  Madhav  Gadgil

47. What is the annual growth rate of Indian Population between 2001 and 2012?

Ans:  1.64%

48. Which the Service recently (in 2011) celebrated the Golden Jubilee?

Ans:  Indian Economic Service

49. What is the main aim of Asian Development Bank?

Ans:  Eradication of Poverty from Asia Pacific

50. The latest ASEAN summit was held in April 2012 in the Cambodian capital ………?

Ans:  Phnom Penh