Business and Economy Current Affairs Questions

1. I-phone is associated with—
(A) Nokia
(B) Reliance
(C) BSNL
(D) Apple Ink
Ans : (D)

2. As per schedule of the Census 2011 exercise, the exercise work will be completed by—
(A) Feb. 28, 2011
(B) March 1, 2011
(C) March 15, 2011
(D) March 31, 2011
Ans : (C)

3. For which city, UP Power Corporation Ltd. has transferred electricity distribution to private company Torrent Power Ltd. ?
(A) Noida
(B) Agra
(C) Lucknow
(D) Kanpur
Ans : (B)


4. The government is planning to establish ‘Price Stabilisation Fund’ to check the price fluctuation of a few crops. These crops are—
1. Tea
2. Tobacco
3. Coffee
4. Rubber
Mention the right answer from the following groups—
(A) Only 1 and 3
(B) Only 1, 2 and 3
(C) Only 1, 3 and 4
(D) All 1, 2, 3 and 4
Ans : (D)

5. Chelliah Committee recommended to tax the agriculture income of non-farmers having income above—
(A) Rs. 15000
(B) Rs. 20000
(C) Rs. 25000
(D) Rs. 50000
Ans : (C)

6. Which of the following committee is related to infrastructure financing ?
(A) Deepak Parekh Committee
(B) T. Shanker Lingam
(C) T. S. Vijayan
(D) O. P. Garg
Ans : (A)

7. Which state of India has emerged as the top producer of Mentha in the world ?
(A) Haryana
(B) Uttar Pradesh
(C) Punjab
(D) Rajasthan
Ans : (B)

8. What percentage of government procurement has been recommended by MSME Task Force to get reserved for MSME manufactured items ?
(A) 15%
(B) 17%
(C) 20%
(D) 22%
Ans : (C)

9. With which objective, Kisan Call Centre’s have been established ?
(A) To ensure the supply of fertilizers to farmers on suitable rates
(B) Distribution of HYV seeds
(C) To provide agriculture credit at concessional rates
(D) To provide consultancy service related to agriculture
Ans : (D)

10. National Stock Exchange has introduced a new share index in place of NSE-100 in April 1996. It is known as—
(A) NSE-200
(B) NSE-50
(C) NSE-20
(D) NSE-15
Ans : (B)

11. ‘Open market operation’ is a part of—
(A) Income Policy
(B) Fiscal Policy
(C) Credit Policy
(D) Labour Policy
Ans : (C)

12. The city having highest population in the world is—
(A) New York
(B) Tokyo
(C) Mexico
(D) Paris
Ans : (B)

13. Which constitutes the maximum share in power generation ?
(A) Thermal Power
(B) Hydro Power
(C) Atomic Power
(D) All the above have equal share
Ans : (A)

14. World Bank has approved the second tranche to the poverty project of—
(A) Gujarat
(B) Madhya Pradesh
(C) Bihar
(D) Rajasthan
Ans : (B)

15. National Development Council was constituted in—
(A) 1945
(B) 1948
(C) 1952
(D) 1965
Ans : (C)

16. Which is a credit rating agency in India ?
(A) CRISIL
(B) CARE
(C) ICRA
(D) All of these
Ans : (D)

17. CRISIL—
(A) Evaluates the credit documents of a company
(B) Provides financial assistance to industries
(C) Provides finances for rural areas
(D) Promotes exports
Ans : (A)

18. On the lines of ‘Palace on Wheels’, a new train ‘Deccan Odyssey’ is operated in the State—
(A) Tamil Nadu, Karnataka
(B) Maharashtra, Goa
(C) Karnataka, Kerala
(D) Kerala, Tamil Nadu
Ans : (B)

19. As per TRAI directions, the country will be divided into…… zones for the portability of telephone numbers in mobile services.
(A) 2
(B) 4
(C) 5
(D) 8
Ans : (A)

20. Nano knowledge city is being established at—
(A) Bangalore
(B) Jaipur
(C) Hyderabad
(D) Chandigarh
Ans : (D)

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