1) The Reserve Bank of India(RBI) in March 2012 hiked bank
rate for Primary cooperative banks to
1) 10.5 percent
2) 9.5 percent
3) 5.5 percent
4) 8 percent
5) 7 percent
Ans. 9.5 percent
2) Which Indian City in March 2012 became the first one to
provide guaranteed land titles by distributing
property cards?
1) Hyderabad
2) Mysore
3) Mangalore
4) Ahmedabad
5) Chandigarh
Ans. Mysore
3) IT Company HCL technologies Ltd. in March 2012 signed a
five year information technology outsourcing deal worth ------- with finnish
recyclable product maker UPM.
1) $ 50 million
2) $ 100 million
3) $ 150 million
4) $ 250 million
5) $ 300 million
Ans. $ 300 million
4) The department of information technology in March 2012
has been renamed as ----
1) Department of electronics
2) Department of IT
3) Department of Electronics and IT.
4) All of the above
5) None of these
Ans. Department of Electronics and IT
5) India in March 2012 banned --------- exports to ensure supplies for domestic industry.
1) Cotton
2) Sugarcane
3) Jute
4) Coffee
5) Tea
Ans. Cotton
6) Delhi government in March 2012 raised the price of
compressed natural gas (CNG) by --- per Kg.
1) Rs 1
2) Rs 1.45
3) Rs 1.60
4) Rs 1.90
5) Rs 2.10
Ans. Rs 1.90
7) India in March 2012 announced ------ aid for skill
development and education for the Afro-Asian Rural development organization (AARDO).
1) $ 100000
2) $ 150000
3) $ 200000
4) $ 250000
5) $ 300000
Ans. $ 200000
8) Thailand based dry bulk cargo specialist precious
shipping public Co. Ltd. in March 2012 purchased three small dry cargo carrying
ships owned by chennai based goodearth maritime for-------
1) $ 40 million
2) $ 49 million
3) $ 51 million
4) $ 56 million
5) $ 60 million
Ans. $ 51 million
9) India in March 2012 reduced the Railway charges on Iron ore meant for exports by
---------
1) 4 percent
2) 8 percent
3) 12 percent
4) 16 percent
5) 20 percent
Ans. 16 percent
10) Morgan stanley in March 2012 invested about -------- in
a project of Sheth Developers Pvt. Ltd. primarily to help the real estate firm
refinance debt. It had taken to buy land in Mumbai.
1) $ 40 million
2) $ 50 million
3) $ 60 million
4) $ 80 million
5) $ 90 million
Ans. $ 90 million
11) Reliance Industry Ltd. in March 2012 increased its stake
in Hospitality Firm EIH Ltd. to 18.53 percent by investing-----
1) Rs 100 Crore
2) Rs 124 Crore
3) Rs 171 Crore
4) Rs 192 Crore
5) Rs 216 Crore
Ans. Rs 192 Crore
12) Which drug maker in March 2012 received demand notices
for Rs 424.64 Crore from the National Pharmaceutical Pricing Authority towards
interest for alleged drug overpricing?
1) Cipla Ltd.
2) Ranbaxy
3) Dr. Reddy’s
4) Madikare
5) All of these
Ans. Cipla Ltd.
13) The Reserve bank of India in March 2012 bought --------- of government bonds through an open market operation.
1) Rs 5000 Crore
2) Rs 7198 Crore
3) Rs 9125 Crore
4) Rs 10776 Crore
5) Rs 11000 Crore
Ans. Rs 10776 Crore
14) India in March 2012 refused ton Provide its sovereign guarantee for oil imports from ----------
1) Syria
2) Afghanistan
3) Iran
4) Iraq
5) Saudi Arab
Ans. Syria
15) In Budget 2012-13 , the government raised excise and
service tax rates by 2 percent age points to ---- in order to shore up falling
revenues.
1) 6 Percent
2) 8 Percent
3) 10 Percent
4) 12 Percent
5) 14 Percent
Ans. 12 Percent
16) Budget 2012-13
raised the basic customs duty on large vehicles from 60 percent to
-------
1) 65 Percent
2) 68 Percent
3) 70 Percent
4) 72 Percent
5) 75 Percent
Ans. 70 Percent
17) In Budget 2012-13, expemption limit of income tax is
raised to
1) Rs 1 Lakh
2) Rs 1.5 Lakh
3) Rs 2 Lakh
4) Rs 2.5 lakh
5) Rs 3 lakh
Ans. Rs 2 Lakh
18) Budget 2012-13 reduced the securities transaction tax by
1) 6 Percent
2) 10 Percent
3) 15 Percent
4) 20 Percent
5) 25 Percent
Ans. 20 Percent
19) Finance Minister in his budget 2012-13 Proposed to raise
the target for agriculture loans in Fiscal 2013 to -----
1) Rs 4 trillion
2) Rs 4.8 trillion
3) Rs 5.3 trillion
4) Rs 5.75 trillion
5) Rs 6.2 trillion
Ans. Rs 5.75 trillion
20) Budget 2012-13 increased the Plan outlay for ---------
by 18 Percent to Rs 20,208 Crore and announced a series of measures
1) Agriculture
2) Industry
3) Jute Sector
4) Non-organised Sector
5) All of these
Ans. Agriculture
21) In 2010-11 the share of agriculture in India’s gross domestic product was-----
1) 45 Percent
2) 39 Percent
3) 30 Percent
4) 21 Percent
5) 14.5 Percent
Ans. 14.5 Percent
22) The Finance Minister in Budget 2012-13 proposed to provide ---------- for capitalization of public sector, regional rural banks and Nabard
1) Rs 10000 Crore
2) Rs 12400 Crore
3) RS 14105 Crore
4) Rs 15888 Crore
5) Rs 17100 Crore
Ans. Rs 15888 Crore
23) Budget 2012-13 increased the plan outlay for Rural drinking water and sanitation by
1) 20 Percent
2) 23 Percent
3) 27 Percent
4) 31 Percent
5) 36 Percent
Ans. 27 Percent
24) Budget 2012-13 Proposed to upgrade -------- Medical
colleges for the urban poor.
1) 15
2) 11
3) 8
4) 7
5) 3
Ans. 7
25) Which among the following is not a feature of Budget 2012-13 for the aviation sector?
1) Airlines be allowed to raise working capital through
ECB’s
2) Exemption on Basis customs duty on spare parts
3) Air India Ltd. sees on infusion of Rs 4000 Crore
4) All of these
5) None of these
Ans. None of these
