Economic India Questions

18. Which of the following statements is/are correct regarding the second quarterly policy review which was released by the Reserve Bank of India on October 25, 2011?
(a) It hiked the short-term lending (repo) and automatically the borrowing (reverse repo) rates by 25 basis points each to 8.5 per
 and 7.5 per cent, respectively.
(b) It scaled down its GDP (gross domestic product) projection for 2011-12 in view of the 'stubbornly' high inflation and consequent economic slowdown in the wake of the grim global environment.

19. Which of the following statements regarding Basel III and the second quarterly policy review which was released by the Reserve Bank of India, is/are correct?
(a) The Reserve Bank of India. banks would have to be recapitalized to help them achieve Basel III capital adequacy norms.
(b) Basel III is the new international regulatory framework designed to correct the deficiencies in regulation, that led to the global financial crisis of 2008.
(c) Basel III seeks higher capital adequacy ratio to meet any financial exigency.
Select the correct answer us-
ing the codes given below:
(1) Both a and b
(2) Both b and c
(3) Both a and c
(4) All of the above
20. RBI Governor D. Subbarao while announcing the half-year Monetary Policy Review of 2011-12 in New Delhi on October 25, 2011, mentioned trial, including SBI and its subsidiaries there are, at pr
(1) 22 public sector banks
(2) 24 public sector banks
(3) 26 public sector banks
(4) 28 public sector banks

. Seeking to expand their economic cooperation and broad-base their trade basket, India and which country, on September 27, 2011, agreed to set a $3 billion trade target to be achieved by 2015 from the existing $1.5 billion?
(1) Singapore
(2) Thailand
(3) Myanmar
(4) Indonesia
2. Which of the following decisions was/were taken at fourth meeting of Joint Trade Commission , attended by the Union Commerce Minister, Anand Sharma, and the Myanmar's Minister of Commerce, U. Win Myint in September 2011?
(a) The need for working on two additional border trade points - Pangsau Pass (Arunachal Pradesh) and Avangkhung (Nagaland).
(b) Expansion of the list of items for border trade from 22 to 40.
Select the correct answer using the codes given below:
(1) Only a
(2) Only b
(3) Neither a nor b
(4) Both a and b
3. In its recent biannual publication, World Economic Outlook, released in October 2011, the warned that the world economy was "in a dangerous new phase."
(1) World Bank
(2) Asian Development Bank
(3) International Monetary Fund
(4) UN Economic Council
4. According to data released by the Commerce Ministry in New Delhi in October 2011, Imports grew by to $38.4 billion during August 2011, translating into a trade deficit of $14 billion.
(1) 21.8 per cent
(2) 31.8 per cent
(3) 41.8 per cent
(4) 51.8 per cent
As per the data released by the Cominerce Ministry, in New Delhi on October 3, 2011, trade gap stood at   in the five-month period of April-August, 2011, against $47.70 billion in the same months in 2010.
(1) $34.9 billion
(2) $51.9 billion
(3) $54.9 billion
(4) $52.9 billion
6. India and Indonesia held talks in Jakarta in October 2011 for a Comprehensive Economic Cooperation Agreement (CECA) with an aim to take forward the economic cooperation to a new level by achieving a bilateral trade target of - by 2015.
(1) $15 billion (2) $20 billion
(3) $25 billion (4) $35 billion
7. In a significant development, the amended double taxation agreement with whim country came into effect on October 10, 2011?
(1) Britain
(2) France
(3) Switzerland
(4) USA
8. Which of the following is/are correct regarding the revised India-Switzerland double taxation agreement that came into effect in October 2011?
(1) The revised treaty was approved by Swiss Parliament on June 17, 2011.
(2) As per Swiss rules, bilateral tax treaties are subject to public scrutiny for a period of 100 days, which ended on October 6, 2011.
(3) India had inked the agreement with Switzerland to revise the treaty in August, 2010.
(4) All of the above