1. The Union Cabinet., on September 30. 2011, approved the landmark the Mines and Mineral Development and Regulation (MMDR) Bill, 2011 that provides for mining companies to keep aside what percentage of their net profits for a Mineral Development Fund?
(1) 12 per cent
(2) 26 per cent
(3) 33 per cent
(4) 40 per cent
2. As per the Mines and Mineral Development and Regulation (MMDR) Bill, 2011, approved by the Union Cabinet in September 2011, what amount should the non-coal companies set aside for the Mineral Development Fund?
(1) Equivalent to the royalty they pay
(2) 7.5 per cent
(3) 10 per cent
(4) Equivalent to the rate of Service Tax in India
3. At a high level meeting convened by Prime Minister Manmohan Singh in New Delhi in October 2011, it was decided that India would continue to allow Foreign Direct Investment (FDI) under the auto-. matic route for Greenfield investment in
(1) Drugs and pharmaceutical sector
(2) Textile sector
(3) Services sector
(4) Infrastructure sector
4. The high level meeting conven.ed by Prime Minister Manmohan Singh in New Delhi on
October 10, 2011, discussed the report of the Arun Maira committee, constituted by the Planning Commission to review the government's policy of allowing 100 per cent FDI in the
(1) Ports
(2) Pharmaceutical sector
(3) Food. and Processing Sector
(4) Oil blocks Exploration
5. As per the data released by the Commerce Ministry in September 2011, .merchandise exports from the 143 operational SEZs totalled in the April-June 2011 period.
(1) Rs. 22,255 crore
(2) Rs. 42,255 crore
(3) Rs. 72,255 crore
(4) Rs. 82,255 crore
6. The Directorate General of Hydrocarbons (DG I) in September 2011 termed as 'economically unviable' the new natural gas finds in the Eastern offshore block by Mukesh Ambani-owned Reliance Industries Limited (RIL) at the $4.205 per mBtu (million British thermal unit) ap proved price.
(1) KG-D3
(2) KG- D6
(3) KG-D8
(4) KG-D9
7. The Union Government in September 2011 announced the reconstitution of the National Manufacturing Competitiveness Council (NMCC) under the chairmanship of
(I) K. Vittal
(2) Ashok Desai
(3) V. Krishnamurth3r
(4) Srinivasan Reddy
8. As per the provisional data released in New Delhi'on September 27,,2011, with aweight of in the Index of 'Indus trial Production (IIP), the eight core infratructure industries posted a lower of growth of 3.5 per cent in August 2011 as compared to 4.4 per cent achieved in the same month of 2010.
(1) 17.90 per cent
(2) 27.90 per cent
(3) 37.90 per cent
(4) 47.90 per cent
9. The Central Government on September 27, 2011, came out with a draft. National Public Private Partnership (PPP) policy with a view to
(1) Improve transparency
(2) Promote infrastructure sector projects
(3) Accelerate infrastructure projects
(4) Only 1 and 2
10. The draft National Public Private Partnership (PPP) policy brought out the Union government in September 2011
(1) proposes to expand the scope of the PPP scheme
(2) seeks to put in place the broad principles for pursuing a project on PPP basis
(3) provide a framework for identifying, structuring. awarding and managing PPP projects
(4) All of the above
11. Union Minister for Commerce and Industry Ana.nd Sharma, chairing the first meeting • of the Government-Industry Task Force in New Delhi in September 2011, announced that FDI inflows in the first seven months of the current calendar year was , 43 per cent increase over the previous pehod.
(1) $7.83 billion
(2) $12.83 billion
(3) $17.83 billion
(4) $19.83 billion
16. The Comptroller and Auditor General of India (CAC) was in September 2011 appointed as external auditor of which UN organisations?
(1) International Atomic Energy Agency
(2) World Intellectual Property Organisation
(3) UNESCO
(4) Only I and 2
17. The Union Cabinet in September 2011 approved setting up of how many new National Institutes of Pharmaceutical Education and Research (NIPERs)?
(1) Five (2) Six
(3) Seven (4) Ten
18. The Mines and Mineral Development and Regulation (MMDR) Bill, 2011, was ap., proved by the Union Cabinet on September 30. 2011. It aims to ensure __ along with incentives encouraging good mining practides
(1) Transparency and equity
(2) Elimination of discretion
(3) Effective redress and regulatory mechanisms
(4) All of the above
19. The government, on October 2, 2011, launched a Web-based procedure of attesting employment contracts of Indian workers in which country to prevent exploitation by foreign employers?
(1) Kuwait
(2) Saudi Arabia
(3) United Arab Emirates
(4) All of the above
20. The Centre in October 2011 announced plans to issue multi-purpose smart identity cards to all adult citizens by 2013-end, a proposal that could help cut costs for the exchequer. The proposal has been made under the amendment to the Citizenship Act effected in
(1) 2001 (2) 2003
(3) 2006 (4) 2009
21. Communications and IT Minister Kapil Sibal. on October 3, 2011, unveiled the draft National Policy on Electronics, 2011 in New Delhi, aimed
crease: in market 'borrowing' in SeW.ernher 2011,- the 'Centre's gross market: borrowing . for the can i.ireliscal 2011-12 is set .to to noµ frorn the budgeted Rs..4.-17 lakh crore fOr tile year.
(1) Rs,. 4_67 lakh crore
(2) Rs. 4.70 lakh crore
(3) Rs. 4.871akh.crore
(4) Rs. 4.97 lakh crone
13. According to the revised Con solidated Fat Policy of 20l I releasedby the Departm,':nt of Industrial Policy and Promotio in New Delhi on Sel.)tetner 30, 2011, the government allowed
(I) Overseas investment in .beeLkeeping •
(2) Share-pledging for raising external debt
(3) Moved further with liberalisation of the MI regime
(4) All of the above
14. For giving a boost to the
Department :of Industrial Policy and Promotion (DIPP) in New Delhi in September 2011 announced that research and development in these sectors would be covered under the 'industrial parks' scheme, whore 100 per cent FIJI is permitted under the automatic route.
(1) Bio- technology
(2) Pharniaceutical
(3) Life sciences
(4) All of the above
i5. Union Communications and IT Minister kapilSibal on September 30, 2011, unveiled the National-Frequency Allocation Plan-2011 (NAFP) in New Delhi that will help in
(I) better Management of spectrum
(2) deVelopment and promotion of indigenous manufacturing and technologies in. the information tech-n ol op,,*y
(3) development of communication technology (ICT) sect(:)r
(4) All of the above
at achieving a turnover of $400 billion for the sector by
(1).1014 (2) 2016
(3)'2020 (4) 2022
22. The draft National Policy. on Electronics, 2011, released in New Delhi in Qetober 2011, proposed
(1) Setting up of over 200 electronic manufacturing clusters (E1V1CS)
(2) Providing assistance for setting up of Greenfield EMCs
(3) Upgradation of Brownfield EMCs
(4) All of the aboVe
23. Global ratings firm Moody's, on October 4, 2011, downgraded its rating of State Bank of India's (SBI) financial strength rating (BFSR) by one notch to " on account of the lend-
__
er's low Tier-1 capital ratio and deteriorating asset quality.
(1) CA- (2) D+
(3) E+ (4) D
24. Which of the following statements is/are correct regarding Moody's downgrading of State Bank of India?
(1) The downgrade was from 'C-
(2) SBI's NPAs reached a three-year high of 3.52 per cent of loans for the quarter ended June 30. 2011
(3) The revised rating,mapS to a baseline credit assess, ment (RCA) of Baa3
(4) All of-the above
25 . Communications and Informa-tion Technology Minister Kapil Sibal. on October 7., 2011, unveiled the draft. National Policy on Information Technology 2011 in New Delhi that envisages taking the overall revenue from the sector from $89 billion as of today to by 2020.
(1) $200 billion
(2) $300 billion
(3) $400 billion
(4) $500 billion
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