1. Cabinet Committee for Economic Affairs approved the National Dairy Development Board’s ambitious National Dairy Plan for the 12th Five-Year Plan to be initiated in 2012. Which of the following facts with regard to the statement is not true?
2. The project is aimed at boosting milk production using scientific breeding and feeding programmes covering about 2.7 million milch animals in 40000 villages
3. According to the National Dairy Development Board, the demand for milk is likely to be about 150 million tonne by 2016-17 and 200-210 million tonne by 2021-22. India was the third largest milk producing nation in 2010-11 with a production of 100.2 million tonne.
4. Cooperatives currently procure about 16% of the national marketable milk surplus covering around 21% of the country’s villages and 18% of rural milk producing households
5. The cooperative sector is needed to achieve a procurement share of at least 20% of the marketable milk surplus by 2016-17 so as to retain an overall 50% share of the marketable surplus handled by the organised sector
a. 1 & 3
b. Only 3
c. Only 2
d. 3 & 4
Answer: (c)
2. Reserve Bank of India (RBI) on13 February 2012 changed the bank rate, a medium-term signal rate after nine years with the objective to realign it with the marginal standing facility (MSF) rate as a one-time technical adjustment to link it with the main policy repo rate. What does the changed bank rate stand stand at?
a. 9.5%
b. 8.3%
c. 10.1%
d. 8%
Answer: (a)
3. As per the first nationwide retail inflation data released by the Centre of Statistical Office on 21 February 2012, inflation based on the all India Consumer Price Index stood at what per cent in January 2012?
a. 6.6%
b. 7.65
c. 8.32%
d. 5.50%
Answer: (b)
4. The Prime Minister's Economic Advisory Panel (PMEAC) on 22 February 2012 projected 7.5 - 8 per cent growth rate for the fiscal 2012-13. Which of the following facts are true with respect to the above statement?
1. The economy recorded a growth rate of 8.4 per cent in 2010-11, which according to the CSO estimates is expected to moderate to 6.7 per cent in the current fiscal 2011-12
2. Inflation was projected to moderate to 6.5% by March 2012 and 5-6 per cent in 2012-13.
3. The manufacturing sector was projected to grow by 4.8 percent while construction segment is expected to expand by 5.3 percent.
4. Projected Gross Domestic Product (GDP) growth for 2012 is substantially down from the budgetary target of around nine percent, and 8.4 percent expansion registered in 201
a. Only 4
b. Only 1
c. Only 2
d. 1, 2 & 4
Answer: (d)
5. Reserve Bank of India (RBI) panel on priority sector lending on 21 February 2012 proposed increment in the target (priority sector) for foreign banks to what per cent of net bank credit from the current level of 32 per cent with sub-targets of 15 per cent for exports and 15 per cent for the MSE sector?
a. 53%
b. 40%
c. 46%
d. 39%
Answer: (b)
6. Consider the following statements and using the code given below identify the personality with whom these statements are associated
1. He was the founder of Max Telecom
2. He is the founder and Chairman of Max India
3. He has been appointed the Non-Executive Chairman of Vodafone India
4. He is a veteran of Telecom Industry
(a). Deepak Parekh
(b). Sunil Bharati Mittal
(c). KP Singh
(d). Analjeet Singh
Answer: (d)
7. Which of the following Indian Telecom company on 16 February 2012 got the RBI nod for FCCB redemption?
(a). Reliance Telecom
(b). Uninor
(c). Airtel
(d). Vodafone
Answer: (a)
8. Cognizant which on 13 February 2012 inked a 5-year deal with Future Group is a
(a). Logistic Company
(b). Aviation Company
(c). Online Retail Company
(d). Technology Solution Company
Answer: (d)
9. Kintetsu World Express of Japan and Gati on 13 February 2012 entered into a Joint Venture of which of the following sector?
(a). Electronic Equipments
(b). Supply Chain
(c). Single Brand Retail
(d). Technology Solution
Answer: (b)
10. Legrand, the French electronic and digital equipments company on 9 February 2012 acquired the UPS business of which of the following Indian brand?
(a). Luminous
(b). Onida
(c). Numeric Power
(d). Invertabular
Answer: (c)
2. The project is aimed at boosting milk production using scientific breeding and feeding programmes covering about 2.7 million milch animals in 40000 villages
3. According to the National Dairy Development Board, the demand for milk is likely to be about 150 million tonne by 2016-17 and 200-210 million tonne by 2021-22. India was the third largest milk producing nation in 2010-11 with a production of 100.2 million tonne.
4. Cooperatives currently procure about 16% of the national marketable milk surplus covering around 21% of the country’s villages and 18% of rural milk producing households
5. The cooperative sector is needed to achieve a procurement share of at least 20% of the marketable milk surplus by 2016-17 so as to retain an overall 50% share of the marketable surplus handled by the organised sector
a. 1 & 3
b. Only 3
c. Only 2
d. 3 & 4
Answer: (c)
2. Reserve Bank of India (RBI) on13 February 2012 changed the bank rate, a medium-term signal rate after nine years with the objective to realign it with the marginal standing facility (MSF) rate as a one-time technical adjustment to link it with the main policy repo rate. What does the changed bank rate stand stand at?
a. 9.5%
b. 8.3%
c. 10.1%
d. 8%
Answer: (a)
3. As per the first nationwide retail inflation data released by the Centre of Statistical Office on 21 February 2012, inflation based on the all India Consumer Price Index stood at what per cent in January 2012?
a. 6.6%
b. 7.65
c. 8.32%
d. 5.50%
Answer: (b)
4. The Prime Minister's Economic Advisory Panel (PMEAC) on 22 February 2012 projected 7.5 - 8 per cent growth rate for the fiscal 2012-13. Which of the following facts are true with respect to the above statement?
1. The economy recorded a growth rate of 8.4 per cent in 2010-11, which according to the CSO estimates is expected to moderate to 6.7 per cent in the current fiscal 2011-12
2. Inflation was projected to moderate to 6.5% by March 2012 and 5-6 per cent in 2012-13.
3. The manufacturing sector was projected to grow by 4.8 percent while construction segment is expected to expand by 5.3 percent.
4. Projected Gross Domestic Product (GDP) growth for 2012 is substantially down from the budgetary target of around nine percent, and 8.4 percent expansion registered in 201
a. Only 4
b. Only 1
c. Only 2
d. 1, 2 & 4
Answer: (d)
5. Reserve Bank of India (RBI) panel on priority sector lending on 21 February 2012 proposed increment in the target (priority sector) for foreign banks to what per cent of net bank credit from the current level of 32 per cent with sub-targets of 15 per cent for exports and 15 per cent for the MSE sector?
a. 53%
b. 40%
c. 46%
d. 39%
Answer: (b)
6. Consider the following statements and using the code given below identify the personality with whom these statements are associated
1. He was the founder of Max Telecom
2. He is the founder and Chairman of Max India
3. He has been appointed the Non-Executive Chairman of Vodafone India
4. He is a veteran of Telecom Industry
(a). Deepak Parekh
(b). Sunil Bharati Mittal
(c). KP Singh
(d). Analjeet Singh
Answer: (d)
7. Which of the following Indian Telecom company on 16 February 2012 got the RBI nod for FCCB redemption?
(a). Reliance Telecom
(b). Uninor
(c). Airtel
(d). Vodafone
Answer: (a)
8. Cognizant which on 13 February 2012 inked a 5-year deal with Future Group is a
(a). Logistic Company
(b). Aviation Company
(c). Online Retail Company
(d). Technology Solution Company
Answer: (d)
9. Kintetsu World Express of Japan and Gati on 13 February 2012 entered into a Joint Venture of which of the following sector?
(a). Electronic Equipments
(b). Supply Chain
(c). Single Brand Retail
(d). Technology Solution
Answer: (b)
10. Legrand, the French electronic and digital equipments company on 9 February 2012 acquired the UPS business of which of the following Indian brand?
(a). Luminous
(b). Onida
(c). Numeric Power
(d). Invertabular
Answer: (c)
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