ECONOMIC TERMS

Absolute advantage: A country has an absolute advantage if its output per unit of input of all goods and services produced is higher than that of another country.

Ad valorem taxin Latin: to the value added) - a tax based on the value (or assessed value) of property.

Aggregate demand is the sum of all demand in an economy. This can be computed by adding the expenditure on consumer goods and services, investment, and not exports (total exports minus total imports).

Aggregate supply is the total value of the goods and services produced in a country, plus the value of imported goods less the value of exports.


Alternative minimum tax: An IRS mechanism created to ensure that high-income individuals, corporations, trusts, and estates pay at least some minimum amount of tax, regardless of deductions, credits or exemptions. It operates by adding certain tax-preference items back into adjusted gross income. While it was once only important for a small number of high-income individuals who made extensive use of tax shelters and deductions, more and more people are being affected by it. The AMT is triggered when there are large numbers of personal exemptions on state and local taxes paid, large numbers of miscellaneous itemized deductions or medical expenses, or by Incentive Stock Option (ISO) plans.

Asset: Anything of monetary value that is owned by a person. Assets include real property, personal property, and enforceable claims against others (including bank accounts, stocks, mutual funds, and so on).

Average propensity to consume is the proportion of income the average family spends on goods and services.

Average propensity to save is the proportion of income the average family saves (does not spend on consumption).

Average total cost is the sum of all the production costs divided by the number of units produced.




Balance of trade: The difference in value over a period of time between a country's imports and exports.

Barter system: System where there is an exchange goods without involving money.

Base year: In the construction of an index, the year from which the weights assigned to the different components of the index is drawn. It is conventional to set the value of an index in its base year equal to 100.

Bear: An investor with a pessimistic market outlook; an investor who expects prices to fall and so sells now in order to buy later at a lower price

Bid price: The highest price an investor is willing to pay for a stock.

Bill of exchange: A written, dated, and signed three-party instrument containing an unconditional order by a drawer that directs a drawee to pay a definite sum of money to a payee on demand or at a specified future date. Also known as a draft. It is the most commonly used financial instrument in international trade.

Birth rate: The number of births in a year per 1,000 population.

Bond: A certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal.

Boom: A state of economic prosperity

Break even: This is a term used to describe a point at which revenues equal costs (fixed and variable).

Bretton Woods: An international monetary system operating from 1946-1973. The value of the dollar was fixed in terms of gold, and every other country held its currency at a fixed exchange rate against the dollar; when trade deficits occurred, the central bank of the deficit country financed the deficit with its reserves of international currencies. The Bretton Woods system collapsed in 1971 when the US abandoned the gold standard.

Budget: A summary of intended expenditures along with proposals for how to meet them. A budget can provide guidelines for managing future investments and expenses.

Budget deficit is the amount by which government spending exceeds government revenues during a specified period of time usually a year.

Bull: An investor with an optimistic market outlook; an investor who expects prices to rise and so buys now for resale later

India’s Five Year Plans at a Glance

The Five Year Plans

The development plans are drawn by the Planning Commission to establish India’s economy on a socialistic pattern in successive phases of five year Periods-called the Five Year Plans.

Major Bodies Behind the Making of Five Year Plans

The organisation was set up to formulate basic economic policies, draft plans and watch its progress and implementation. It consists of:

(I) Planning Commission of India

(ii) National Planning Council

(iii) National Development Council and State Planning Commissions

DETAILS OF THE FIVE YEAR PLANS

FIRST FIVE YEAR PLAN (1951-56)

In July 1951, the Planning Commission issued the draft outline of the First Five Year Plan for the period April 1951 to March 1956. It was presented to the Parliament in December 1952. In the First Plan, agriculture received the main thrust, for sustaining of growth and development of industries which would not be possible without a significant rise in the yield of raw materials and food.

Objectives:

i) To increase food production.

ii) To fully utilise available raw materials.

iii) To check inflationary pressure.

Outlay: The total proposed outlay was Rs. 3,870 crore.

SECOND FIVE YEAR PLAN (1956-61)

The main objective was to launch upon industrialisation and strengthen the industrial base of the economy. It was in this light that the 1948 Industrial Policy Resolution was revised and a new resolution of 1956 was adopted. The Second Plan started with an emphasis on the expansion of the public sector and aimed at the establishment of a socialistic pattern of society.

Objectives:

i) A sizeable increase in national income so as to raise the level of living.

ii) Rapid industrialisation of the country with particular emphasis on the development of basic and key industries.

Outlay: The Second Plan proposed a total public sector outlay of Rs. 4,800 crores though actual outlay was only Rs. 4,672 crore.

THIRD FIVE YEAR PLAN (1961-66)

In the third Plan, the emphasis was on long-term development. The Third Plan report stated that during the five-year period concerned, the Indian economy “must not only expand rapidly but, at the same time, become self-reliant and self-generating.”

Objectives:

i) An increase in national income of more than 5 per cent annually. The investment pattern laid down must be capable of sustaining this growth rate in the subsequent years.

ii) An increase in the agricultural produce and to achieve self sufficiency by increasing food grain production.

iii) Greater equality of opportunities, more even distribution of economic power and reducing wealth and income disparities.

FOURTH FIVE YEAR PLAN (1969-74)

After the ‘Plan Holiday’, the Fourth Plan was begun in 1969.

Objectives:

i) To achieve stability and progress towards self-reliance.

ii) To achieve an overall rate of growth of 5.7 per cent annually.

iii) To raise exports at the rate of 7 per cent annually.

Outlay: The total proposed outlay was Rs. 24,880 crore, which included Rs. 15,900 crores as public sector outlay and Rs. 8,980 crore as private sector outlay.

FIFTH FIVE YEAR PLAN (1974-79)

The Plan was formulated against the background of sever inflationary pressure.

Objectives: In addition to removal of poverty and attainment of self-reliance, the Fifth Plan had the following major objectives.

i) 5.5 per cent overall rate of growth in Gross Domestic objectives.

ii) Expansion of productive employment and fuller utilisation of existing skills and equipment.

iii) A national programme for minimum needs and extended programmes of social welfare.

Outlay: A total outlay of Rs. 53,410 crore was proposed for the Fifth Plan.

SIXTH FIVE YEAR PLAN (1980-85)

The draft of the Sixth Five Year Plan (1978-1983) was presented in 1978. However, the plan was terminated with the change of Government in January 1980. The new Sixth Five Year Plan was implemented in April 1980.

Objectives:

i) To eliminate unemployment and underemployment.

ii) To raise the standard of living of the poorest of masses.

iii) To reduce disparities in income and wealth.

Outlay: The proposed outlay for the Sixth Plan totalled Rs.1, 58, 710 crore.

SEVENTH FIVE YEAR PLAN (1985-90)

The draft of the Seventh Plan was approved on November 9, 1985 by the National Development Council. The plan was part of the long-term plan for the period of 15 years.

Objectives:

i) Decentralisation of planning and full public participation in development.

ii) The maximum possible generation of productive employment.

iii) Removal of poverty and reduction in income disparities.

EIGHTH FIVE YEAR PLAN (1992-97)

The Eighth Plan proposed a growth rate of 5.6 per cent per annum on an average during the plan period. The Eighth Plan focused on (i) clear prioritisation of sectors/projects for investment in order to facilitate implementation of the policy initiatives taken in the areas of fiscal, trade and industrial sectors and human development.

Objectives:

i) Generation of adequate employment of achieve near full employment level by the turn of the century.

ii) Containment of population growth through people’s active co-operation and an effective scheme of incentives and disincentives.

iii) Universalisation of elementary education and complete eradication of illiteracy among the people in the age group of 15 to 35 years.

THE NINTH FIVE-YEAR PLAN (1997-2002)

It began on April 1, 1997. The Ninth Plan was the first concrete attempt to translate the programme of economic reforms and the New Economic Policy within the framework of an indicative Plan. The Approach Paper to the Ninth Plan (1997-2002) was approved by the N.D.C. on 16th January, 1997.

Objectives:

i.) Priority to agriculture and rural development

ii.) Accelerating growth rate of economy

iii.) Food and nutritional security for all

iv.) Containing growth rate of population

v.) Empowerment of women and socially disadvantaged groups such as SC/ST, backward classes and minorities.

vi.) Promoting and developing participatory institutions like “Panchayati Raj” institutions, co-operatives and self-help groups.

TENTH FIVE YEAR PLAN (2002-07)

On December 21, 2002, the Tenth Five Year Plan was approved by the National Development Council (NDC). The Plan has further developed the NDC mandated objectives, of doubling per capita income in 10 years, and achieving a growth rate of 8% of GDP per annum. An 8% growth rate is considered necessary for achieving the social and economic targets of Tenth Plan Keeping in mind decadal growth performance and the steady acceleration that the country has recorded in growth over the past two decades, it is a realisable target. The plan has a number of new features, such as, for the first time

(a) It recognises the rapid growth of labour force over the next decade

(b) Addresses the issue of poverty and the unacceptably low levels of social indicators

(c) Adopted a “differential development strategy” to equate national targets into balanced regional development as there is vast difference in the potentials and constraints of each state

(d) Recognises that the governance is perhaps one of the most important factors for ensuring realisation of the Plan

(e) Identifies measures to improve efficiency, unleash entrepreneurial energy, and promote rapid and sustainable growth

(f) Proposes major reforms for agricultural sector making ‘agriculture’ the core element of the Plan.

Since economic growth is not the only objective, the Plan aims at harnessing the benefits of growth to improve the quality of life of the people by setting the following key targets:

1. All children to be in school by 2003 and all children to complete five years of schooling by 2007

2. Reduction in poverty ratio from 26% to 21%

3. Growth in gainful employment to, at least, keep pace with addition to the labour force

4. Decadal population growth to reduce from 21.3% in 1991-2001 to 16.2% by 2001-11

5. Reducing gender gaps in literacy and wage rates by 50%

6. Literacy rate to increase from 65% in 1999-2000 to 75% in 2001

7. Infant Mortality Rate (IMR) to be reduced from 72 in 1999-2000, to 45 in 2007

8. .Maternal Mortality Rate (MMR) to be reduced from 4 per 1000 in 1999-2000 to 2 per 1000 in 2007

9. Providing portable drinking water in all villages

10. Cleaning of major polluted river stretches

11. Increase in forest/tree cover from 19% in 1999-2000 to 25% in 2007

ELEVENTH PLAN (2007-2012)

The United Progressive Alliance government issued a paper in the eleventh plan titled “Towards faster and more inclusive growth.” According to the approach paper, the monitorable targets of five-year plan are:

1. GDP growth rate to be increased to 10% by the end of the plan;

2. Farm sector growth to be increased to 4%;

3. Creation of seven crore job opportunities;

4. Reduce educated unemployed youth to below 5 percent

5. Infant mortality rates to be reduced to 28 per 1000 births;

6. Maternal death rates to be reduced to 1 per 1000 births;

7. Clean drinking water to all by 2009;

8. Improve sex ratio to 935 by 2011-12 and to 950 by 2016-17;

9. Ensure electricity connection to all villages and broadband over power lines (BPL) households by 2009

10. Roads to all villages that have a population of 1000 and above by 2009;

11. Increase forest and tree cover by 5%;

12. Achieve the World Health Organization standard air quality in major cities by 2011-12;

13. Treat all urban wastewater by 2011-12 to clean river waters;

14. Increase energy efficiency by 20 percent by 2016-17

Stock Exchanges In India

S.No.	Name of the Stock Exchange	Headquarters	About the Stock Exchange / Vision	Year of Formation	No. of listings
1	Bombay Stock Exchange (BSE)	Mumbai, India	Emerges as the premier Indian stock exchange by establishing global benchmarks.	1875	5112
2	National Stock Exchange of India (NSE)	Mumbai, India	It is mutually-owned by a set of leading financial institutions, banks, insurance companies and other financial intermediaries in India but its ownership and management operate as separate entities.	1992	1640
3	Calcutta Stock Exchange (CSE)	Kolkata, India	It is the second largest bourse in India.	1908	3500
4	Madras Stock Exchange	Chennai, India	The MSE is the fourth stock exchange to be established in the country and the first in South India.	1937	1785
5	Inter-connected Stock Exchange Ltd.	Mumbai, India	It is a national-level stock exchange, providing trading, clearing, settlement, risk management and surveillance support to its trading members.	1998	4500 members and listing securities
6	United Stock Exchange of India	Mumbai, India	It is the fourth pan India exchange to be launched for trading financial instruments in India over the last 140 years.	2010	--
7	OTC Exchange Of India	Mumbai, India	It is the first exchange for small companies.	1990	115
8	MCX Stock Exchange	Mumbai, India	is an India-wide electronic platform for trading in currency futures under the regulatory control of Securities and Exchange Board of India (SEBI) and Reserve Bank of India (RBI).	2008	--
9	Multi Commodity Exchange of India Ltd (MCX)	Mumbai, India	It is an independent commodity exchange based in India.	2003	--
10	Bangalore Stock Exchange (BgSE)	Bangalore, India	The stock exchange is managed by a Council of Management, consisting of members appointed by the Securities and Exchange Board of India.	1963	595

Stock Exchanges In India

S.No.	Name of the Stock Exchange	Headquarters	About the Stock Exchange / Vision	Year of Formation	No. of listings
1	Ahmedabad Stock Exchange	Ahmedabad, India	It is recognized by Securities Contract (Regulations) Act, 1956 as permanent stock exchange.	1894	--
2	Bhubaneshwar Stock Exchange	Bhubaneshwar, India	It is one among the 21 odd regional stock exchanges in India.	1989	--
3	Vadodara Stock Exchange	Gujarat, India	It is the third largest stock exchange in the state of Gujarat after Ahmedabad and Rajkot.	1986	459
4	Cochin Stock Exchange	Kerala, India	It is a capital stock market in Kochi, Kerala in India. I	1978	350
5	Hyderabad Stock Exchange	Hyderabad, India	It was a stock exchange established in 1941 located in Hyderabad, India. The exchange was disbanded in 2007.	1941	--
6	Delhi Stock Exchange (DSE)	New Delhi, India	It is India's fifth exchange. The exchange is one of the premier Stock Exchange in India.	1947	3000
7	Madhya Pradesh Stock Exchange (MPSE)	Madhya Pradesh, India	It was granted permanent recognition under the provisions of the Securities Contract (Regulation) Act, 1956 (“SCRA”), by the Government of India in 1988.	1928	343
8	Jaipur Stock Exchange (JSE)	Jaipur, Rajasthan	JSE is the third largest exchange in India in terms of membership.	1989	740
9	UP Stock Exchange Limited	UP, India	It plays an important role in the development of the capital market of North India.	1982

MCQs on Union Budget 2011-12

1) Who presented the Union Budget 2011-12 in the Parliament on February 28, 2011?
a) Manmohan Singh
 b) Pratibha Devisingh Patil
c) Hamid Ansari
d) D.Subbarao
e) Pranab Mukherjee

2) The first Union budget of independent India was presented by?
a) R.K.Shanmukham Chetty
b) Jawaharlal Nehru
c) Morarji Desai
d) Indira Gandhi
e) Manmohan Singh

3) Disinvestment Target for 2011-12 has been placed at?
a) Rs. 10000 crore
b) Rs. 20000 crore
c) Rs. 30000 crore
d) Rs. 40000 crore
e) None of these

4) Foreign Institutional Investor-(FII) limit for investment in Indian corporate bonds raised from $20 billion to?
a) $30 billion
b) $40 billion
c) $50 billion
d) $60 billion
e) None of these

5) As per Union Budget 2011-12, Indian Micro Finance Equity Fund of Rs.100 crore to be created with?
a) SBI
b)ICICI
c) NABARD
d)IDBI
e) SIDBI

6) Rural Infrastructure Develo-pment Fund (RIDF) was set up by the Government in?
a) 1995-96
b) 1996-97
 c) 1997-98
d)1998-99
e) None of these

7) The corpus allocated for Rural Infrastructure Development Fund (RIDF) for 2011-12 is?
a) Rs.16000
b) Rs.17000
c) Rs.18000
d) Rs.19000
e) None of these


8) The target of credit flow to farmers has been raised from Rs.3,75,000 crore of 2010-11 to ……in 2011-12?
a) Rs.4,75,000 crore
b) Rs.5,75,000 crore
c) Rs.6,75,000 crore
d) Rs.7,75,000 crore
e) None of these

9) Rural Infrastructure Develo-pment Fund (RIDF) is maintained by?
a) RBI b) SBI
c) NABARD
d) IDBI Bank
e) None of these

10) Eligibility for pension under Indira Gandhi National Old Age Pension Scheme for BPL beneficiaries reduced from 65 years of age to?
a) 64 years
b) 63 years
c) 62 years
d) 61 years
e) 60 years

11) Exemption limit for the general category of individual taxpa-yers enhanced from 1,60,000 to?
a) 1,70,000
b) 1,80,000
 c) 1,90,000
d) 2,00,000
e) None of these

12) As per Union Budget 2011-12, standard rate of Service Tax is?
a) 10 %
b) 11 %
c) 12 %
d) 13 %
e) None of these

13) As per Union Budget 2011-12, Defence allocation is?
a) 1.64 lakh crore
b) 1.74 lakh crore
c) 1.84 lakh crore
d) 1.94 lakh crore
e) None of these

14) In the Constitution of India, the Union Budget of India referred to as the?
a) Economic Survey
b) Monetary and Credit Policy
c) Foreign Trade Policy
d) Annual Financial Statement
e) None of these

15) Which of the following department is not a part of Finance Ministry of India?
a) Department of Economic Affairs
b) Department of Expenditure
c) Department of Revenue
d) Department of Disinvestments
e) Department of Industrial Policy & Promotion

16) Which Department principal responsibility is the prep-aration of the Union Budget annually (excluding the Railway Budget)?
a) Department of Economic Affairs
b) Department of Expenditure
c) Department of Revenue
d) Department of Disinvestments
e)Department of Financial Servies

17) Which of the following is a government body that offers a single window clearance for proposals on foreign direct investment in the country that are not allowed access through the automatic route?
a) Securities and Exchange Board of India
b) Reserve Bank of India
c) Export-Import Bank of India
d) Foreign Investment Promo-tion Board
e) Bombay Stock Exchange

18) The first woman Finance Secretary of India?
a) Sushma Nath
b)Shyamala Gopinath
c) Chanda Kochhar
d) Shikha Sharma
e) None of these

19) The only woman to hold the post of the finance minister of India?
a) Vijaya Lakshmi Nehru Pandit
b) Sarojini Naidu
c) Rajkumari Amrit Kaur
d) Indira Gandhi
e)None of these

20) The Union Budget is always presented first in ?
a) Lok Sabha
b) Rajya Sabha
c) Joint Session of the Parliament
d) State Assemblies
e) None of these

21) Which of the following presents the Economic Survey in the parliament every year, just before the Union Budget?
a) RBI
b) Ministry of Finance
c) Ministry of Commerce
d) Planning Commission
e) Finance Commission

22) The financial year in India starts on?
a) 1st January
b)1stMarch
c) 1st April
d) 1st July
e) None of these

23) A fiscal year in India ends on?
a) February 28
b) March 31
c)April1 d)July1
e)December 31

24) A. Gross Tax receipts are estimated at 9,32,440 crore.
B. Non-tax revenue receipts estimated at 1,25,435 crore.
C. Total expenditure proposed at 12,57,729 crore.
D. Increase of 18.3 per cent in total Plan allocation.
E. Increase of 10.9 per cent in the Non-plan expenditure.
Which of the statements given above is/are correct?
a) A and B

b) B and C
c) C and D
d) D and E
e) All of the above

25) A.Gross Domestic Product (GDP) estimated to have grown at 8.6 per cent in 2010-11 in real terms.
B. Government expects econo-my to grow at 9 % in 2011-12.
C. Fiscal Deficit target at 4.6% for 2011-12, down from 5.1% estimated for 2010-11.
D. Central Government debt estimated at 44.2 per cent of GDP for 2011-12 as against 52.5 per cent recomm-ened by the 13th Finance Commission.
E. 40,000 crore to be raised through disinvestment in 2011-12.
Which of the statements given above is/are correct?
a) A and B
b) B and C
c) C and D
d) D and E
e) All of the above

26) A. Government committed to retain at least 51 per cent ownership and management control of the Central Public Sector Undertakings.
B. "India Microfinance Equity Fund" of Rs.100 crore to be created with SIDBI. Gover-nment considering putting in place appropriate regulatory framework to protect the interest of small borrowers.
C."Women's SHG's Develo-pment Fund" to be created with a corpus of Rs. 500 crore.
D. Corpus of RIDF XVII to be raised from Rs.16,000 crore to 20,000 crore.
E. 1,000 crore to be provided to SIDBI for refinancing incre-mental lending by banks to these enterprises.
Which of the statements given above is/are correct?
a) A and D
b) A, B and C
c) C and D
d) D and E
e) None of these

27) A.Allocation under Rashtriya Krishi Vikas Yojana (RKVY) increased from Rs. 6,755 crore to 7,860 crore.
B. Rs.10,000 crore to be contributed to NABARD's Short-term Rural Credit fund for 2011-12.
C. Allocation for Bharat Nirman programme proposed to be increased by Rs.10,000 crore from the current year to Rs. 58,000 crore in 2011-12.
D. Rs. 21,000 crores for primary education to implement Sarva Shiksha Abhiyan.
E. Defence budget hiked to ’1.64 lakh crore
Which of the statements given above is/are correct?
a) A and B
b) B and C
c) C and D
d) D and E
e) All of the above

28) Consider the following statements:
1) Finance minister Pranab Mukherjee unveiled the Union Budget 2011-12 on February 28, 2011.
2) Economic Survey 2010-11 was presented in the Parliament on Feb 25, 2011.
3) India's Railway Minister Mamta Banerjee presented the new Railway Budget for the year 2011-12 in the parliament on February 25, 2011.
Which of the statements given above is/are correct?
a) 1 only
b) 2 only
c) 3 only
d) All of the above
e) None of these

Answers:

1) e, 2) a, 3) d, 4) a, 5) e, 6) a, 7) c, 8) a, 9) c, 10) e, 11) b, 12) a, 13) a, 14) d, 15) e, 16) a, 17) d, 18) a, 19) d, 20) a, 21) b, 22) c, 23) b, 24) e, 25) e, 26) b, 27) e, 28) d

Anti Poverty Programmes

S.No.	Anti Poverty Programmes	Year of Beginning	Objective/Description
1	Antodaya Yojana	1977	To make the poorest families of the village economically independent (only in Rajasthan)
2	Swarnajayanti Gram Swarozgar Yojana (SGSY)	1999	Assistance is given to the poor families living below the poverty line in rural areas for taking up self employment.
4	Sampoorna Gramin Rozgar Yojana (SGRY)	2001	Providing gainful employment for the rural poor.
6	Employment Assurance Scheme	1993	To provide gainful employment during the lean agricultural season in manual work to all able bodied adults in rural areas who are in need and desirous of work, but can not find it..
7	Pradhanmantri Gramodaya Yojana (PMGY)	2000	Focus on village level development in 5 critical areas, i.e. primary health, primary education, housing, rural roads and drinking water and nutrition with the overall objective of improving the quality of life of people in rural areas.
8	National Rural Employment Guarantee Scheme (NREGS)	2006	To provide legal guarantee for 100 days of wage employment to every household in the rural areas of the country each year, To combine the twin goals of providing employment and asset creation in rural areas
9	Swarnajayanti Shahari Rozgar Yojana (SJRY)	1997	It seeks to provide employment to the urban unemployed lying below poverty line and educate upto IX standard through encouraging the setting up of self employment ventures or provision of wage employment.
10	Antidaya Anna Yojana	2000	It aims at providing food securities to poor families.
11	National Housing Bank Voluntary Deposit Scheme	1991	To utilize black money for constructing low cost housing for the poor.
12	Integrated Rural Development Programme (IRDP)	1980	All Round development of the rural poor through a program of asset endowment for self employment.
13	Development of Women and Chidren in Rural Areas (DWCRA)	1982	To provide suitable opportunities of self employment to the women belonging to the rural families who are living below the poverty line.
14	National Social Assistance Programme	1995	To assist people living below the poverty line.
15	Jan Shree Bima Yojana	2000	Providing insurance security to people below poverty line.
16	Jai Prakash Narayan Rojgar Guarantee Yojana	Proposed in 2002-03 budget	Employment Guarantee in most poor districts.
17	Shiksha Sahyog Yojana	2001	Education of Children below poverty line.

Child Welfare Programmes

S.No.	Child Welfare Programmes	Year of Beginning	Objectives/Description
1	Integrated Child Development Services (ICDS)	1975	It is aimed at enhancing the health, nutrition and learning opportunities of infants, young children (O-6 years) and their mothers.
2	Creche Scheme for the children of working mothers	2006	Overall development of children, childhood protection, complete immunisation, awareness generation among parents on malnutrition, health and education.
3	Reproductive and Child Health Programme	1951	To provide quality Integrated and sustainable Primary Health Care services to the women in the reproductive age group and young children and special focus on family planning and Immunisation.
4	Pulse Polio Immunization Programme	1995	To eradicate poliomyelitis (polio) in India by vaccinating all children under the age of five years against polio virus.
5	Sarva Shiksha Abhiyan	2001	All children in school, Education Guarantee Centre, Alternate School, ' Back-to-School' camp by 2003; all children complete five years of primary schooling by 2007 ; all children complete eight years of elementary schooling by 2010 ; focus on elementary education of satisfactory quality with emphasis on education for life ; bridge all gender and social category gaps at primary stage by 2007 and at elementary education level by 2010 ; universal retention by 2010
6	Kasturba Gandhi Balika Vidyalaya	2004	To ensure access and quality education to the girls of disadvantaged groups of society by setting up residential schools with boarding facilities at elementary level.
7	Mid-day meal Scheme	1995	Improving the nutritional status of children in classes I – VIII in Government, Local Body and Government aided schools, and EGS and AIE centres.Encouraging poor children, belonging to disadvantaged sections, to attend school more regularly and help them concentrate on classroom activities. Providing nutritional support to children of primary stage in drought-affected areas during summer vacation.
8	Integrated programme for Street Children	1993	Provisions for shelter, nutrition, health care, sanitation and hygiene, safe drinking water, education and recreational facilities and protection against abuse and exploitation to destitute and neglected street children.
9	The National Rural Health Mission	2005	Reduction in child and maternal mortality, universal access to public services for food and nutrition , sanitation and hygiene and universal access to public health care services with emphasis on services addressing women's and children's health universal immunization, etc.

FIVE YEAR PLANS IN INDIA

First Five-Year Plan (1951-1956):: Target Growth:2.1% Actual Growth:3.6%.
Second Five-Year Plan (1956–1961):: Target Growth: 4.5% Actual Growth: 4.27%.
Third Five-Year Plan (1961–1966):: Target Growth:5.6% Actual Growth: 2.84%.
Three One Year Plans (1967-1969):: realization 3.9%
Fourth Five-Year Plan (1969–1974):: Target Growth: 5.7% Actual Growth: 3.20%.
Fifth Five-Year Plan (1974–1979):: Target Growth: 4.4% Actual Growth: 4.7%
 Sixth Five-Year Plan (1980–1985):: Target Growth: 5.2% Actual Growth: 5.5%
Seventh Five-Year Plan (1985–1990):: Target Growth: 5.0% Actual Growth: 5.6%
Eighth Five-Year Plan (1992–1997) ::  Target Growth:5.6% Actual Growth:6.5%
 Ninth Five-Year Plan (1997–2002)::  Target Growth:6.5% Actual Growth:5.5%
Tenth Five-Year Plan (2002–2007) :: Target Growth:8.0% Actual Growth:7.8%
Eleventh Five-Year Plan (2007–2012) :: Target Growth 8.7% , Current Plan
Twelfth Five Year Plan (2012-2017) :: Plans to fix a average target of 9%.

List of Maharatna, Navratna and Miniratna CPSEs

Maharatna CPSEs

1. Coal India Limited
2. Indian Oil Corporation Limited
3. NTPC Limited
4. Oil & Natural Gas Corporation Limited
5. Steel Authority of India Limited

Navratna CPSEs

1. Bharat Electronics Limited
2. Bharat Heavy Electrical Limited
3. Bharat Petroleum Corporation Limited
4. GAIL (India) Limited
5. Hindustan Aeronautics Limited
6. Hindustan Petroleum Corporation Limited
7. Mahanagar Telephone Nigam Limited
8. National Aluminium Company Limited
9. NMDC Limited
10. Neyveli Lignite Corporation Limited
11. Oil India Limited
12. Power Finance Corporation Limited
13. Power Grid Corporation of India Limited
14. RashtriyaIspat Nigam Limited
15. Rural Electrification Corporation Limited
16. Shipping Corporation of India Limited

Miniratna Category – I CPSEs

1. Airports Authority of India
2. Antrix Corporation Limited
3. BalmerLawrie& Co. Limited
4. Bharat Dynamics Limited
5. BEML Limited
6. Bharat Sanchar Nigam Limited
7. Bridge & Roof Company (India) Limited
8. Central Warehousing Corporation
9. Central Coalfields Limited
10. Chennai Petroleum Corporation Limited
11. Cochin Shipyard Limited
12. Container Corporation of India Limited
13. Dredging Corporation of India Limited
14. Engineers India Limited
15. Ennore Port Limited
16. Garden Reach Shipbuilders & Engineers Limited
17. Goa Shipyard Limited
18. Hindustan Copper Limited
19. HLL Lifecare Limited
20. Hindustan Newsprint Limited
21. Hindustan Paper Corporation Limited
22. Housing & Urban Development Corporation Limited
23. India Tourism Development Corporation Limited
24. Indian Railway Catering & Tourism Corporation Limited
25. IRCON International Limited
26. KIOCL Limited
27. Mazagaon Dock Limited
28. Mahanadi Coalfields Limited
29. Manganese Ore (India) Limited
30. Mangalore Refinery & Petrochemical Limited
31. Mishra Dhatu Nigam Limited
32. MMTC Limited
33. MSTC Limited
34. National Fertilizers Limited
35. National Seeds Corporation Limited
36. NHPC Limited
37. Northern Coalfields Limited
38. Numaligarh Refinery Limited
39. ONGC Videsh Limited
40. Pawan Hans Helicopters Limited
41. Rashtriya Chemicals & Fertilizers Limited
42. RITES Limited
43. SJVN Limited
44. Security Printing and Minting Corporation of India Limited
45. South Eastern Coalfields Limited
46. State Trading Corporation of India Limited
47. Telecommunications Consultants India Limited
48. THDC India Limited
49. Western Coalfields Limited
50. WAPCOS Limited

Miniratna Category-II CPSEs

1. Bharat Pumps & Compressors Limited
2. Broadcast Engineering Consultants (I) Limited
3. Central Mine Planning & Design Institute Limited
4. Ed.CIL (India) Limited
5. Engineering Projects (India) Limited
6. FCI Aravali Gypsum & Minerals India Limited
7. Ferro Scrap Nigam Limited
8. HMT (International) Limited
9. HSCC (India) Limited
10. India Trade Promotion Organisation
11. Indian Medicines & Pharmaceuticals Corporation Limited
12. M E C O N Limited
13. National Film Development Corporation Limited
14. National Small Industries Corporation Limited
15. P E C Limited
16. Rajasthan Electronics & Instruments Limited

Source: Department of Public Enterprises Website (as on 20^th July, 2011)

Worldwide Famous Stock Exchanges

Country	Stock Exchange (Index Name)
Australia	Australian Securities Exchange (S&P/ASX 200 INDEX)
Brazil	BRAZILBOVESPA INDEX
Canada	TorontoStock Exchange (S&P/TSX COMPOSITE INDEX)
China	Shenzhen Stock Exchange (SHENZHEN G-SHARES)
China	Shanghai Stock Exchange (SHANGHAISE COMPOSITE)
Europe	Euronext (Euro STOXX)
France	CAC
Germany	Deutsche Börse (DAX)
Hong Kong	Hong KongStock Exchange (Hang Seng)
India	BombayStock Exchange (Sensex)
India	National Stock Exchange ofIndia(Nifty)
Italy	Borsa Italiana (FTSE)
Japan	TokyoStock Exchange (Nikkei)
Mexico	MEXICOIPC INDEX
New Zealand	NZX 50 INDEX
Portugal	PSI General Index
Russia	MICEX INDEX
South Africa	JSE Limited (FTSE/JSEAFRICATOP40 IX)
South Korea	KOSPI INDEX
Spain	BME Spanish Exchanges (IBEX)
Switzerland	SIX Swiss Exchange (SWISS Market Index)
Taiwan	TaiwanStock Exchange (TAIWANTAIEX INDEX)
United Kingdom	LondonStock Exchange (FTSE)
United States	New YorkStock Exchange (Dowjones)
United States	NASDAQ
Pakistan	KARACHI100 INDEX
Argentina	ARGENTINAMERVAL INDEX

Nifty Companies List

Nifty Companies List	CEO/Chairman
ACC	Kuldip Kaura/N S Sekhsaria
Ambuja Cements	Onne van der Weijde/N S Sekhsaria
Axis Bank	Shikha Sharma
Bajaj Auto	Rajiv Bajaj/Rahul Bajaj
Bharti Airtel	Sunil Bharti Mittal
BHEL	B Prasada Rao
BPCL	R K Singh
Cairn India	Rahul Dhir/William B B Gammell
Cipla	Y K Hamied
Coal India	N C Jha
DLF	T C Goyal/K P Singh
Dr Reddys Labs	G V Prasad/K Anji Reddy
GAIL	B C Tripathi
Grasim	Kumar Mangalam Birla
HCL Tech	Vineet Nayar
HDFC	Keki M Mistry/Deepak S Parekh
HDFC Bank	Aditya Puri/C M Vasudev
Hero Motocorp	Pawan Munjal/Brijmohan Lall Munjal
Hindalco	D Bhattacharya/Kumar Mangalam Birla
HUL	Nitin Paranjpe/Harish Manwani
ICICI Bank	Chanda Kochhar/K V Kamath
IDFC	Rajiv B Lall/Deepak S Parekh
Infosys	S D Shibulal
ITC	Yogesh Chander Deveshwar
Jaiprakash Asso	Sunny Gaur/Manoj Gaur
Jindal Steel	Naveen Jindal
Kotak Mahindra	Uday Kotak
Larsen	K V Rangaswami/Y M Deosthalee
Mah and Mah	Anand G Mahindra/Keshub Mahindra
Maruti Suzuki	Shinzo Nakanishi/R C Bhargava
NTPC	Arup Roy Choudhury
ONGC	A K Hazarika
PNB	K R Kamath
Power Grid Corp	S K Chaturvedi
Ranbaxy Labs	Arun Sawhney/Tsutomu Une
Reliance Industries	Mukesh D Ambani
Reliance Comm	Anil D Ambani
Reliance Infra	Anil D Ambani
Reliance Power	Anil D Ambani
SAIL	C S Verma
SBI	Pratip Chaudhuri
Sesa Goa	P K Mukherjee
Siemens	Armin Bruck
Sterlite Ind	Anil Agarwal
Sun Pharma	Dilip S Shanghvi
Tata Motors	P M Telang/Ratan N Tata
Tata Power	Anil Sardana/R N Tata
Tata Steel	H M Nerurkar/Ratan N Tata
TCS	N Chandrasekaran/R N Tata
Wipro	T K Kurien/Azim H Premji

Sensex Companies List

Sensex Companies List	CEO/Chairman
Bajaj Auto	Rajiv Bajaj/Rahul Bajaj
Bharti Airtel	Sunil Bharti Mittal
BHEL	B Prasada Rao
Cipla	Y K Hamied
Coal India	N C Jha
DLF	T C Goyal/K P Singh
HDFC	Keki M Mistry/Deepak S Parekh
HDFC Bank	Aditya Puri/C M Vasudev
Hero Motocorp	Pawan Munjal/Brijmohan Lall Munjal
Hindalco	D Bhattacharya/Kumar Mangalam Birla
HUL	Nitin Paranjpe/Harish Manwani
ICICI Bank	Chanda Kochhar/K V Kamath
Infosys	S D Shibulal
ITC	Yogesh Chander Deveshwar
Jaiprakash Asso	Sunny Gaur/Manoj Gaur
Jindal Steel	Naveen Jindal
Larsen	K V Rangaswami/Y M Deosthalee
Mah and Mah	Anand G Mahindra/Keshub Mahindra
Maruti Suzuki	Shinzo Nakanishi/R C Bhargava
NTPC	Arup Roy Choudhury
ONGC	A K Hazarika
Reliance Industries	Mukesh D Ambani
SBI	Pratip Chaudhuri
Sterlite Ind	Anil Agarwal
Sun Pharma	Dilip S Shanghvi
Tata Motors	P M Telang/Ratan N Tata
Tata Power	Anil Sardana/R N Tata
Tata Steel	H M Nerurkar/Ratan N Tata
TCS	N Chandrasekaran/R N Tata
Wipro	T K Kurien/Azim H Premji

Employment Generation Programmes

To tackle the twin problems of growing unemployment and poverty in India, the government has come up with some employment generation and poverty alleviation programmes. A special group for creating 10 million employment opportunities per year over the 10th plan period was constituted by the Planning Commission. The group recommended that besides the employment generated presently, certain labour intensive sectors like agriculture, small industries and tourism need to be promoted. This way, an additional 20 million jobs can be created.

Some of the programmes are:

Swarnjayanthi Gram Swarozgar Yojana
It was launched in April 1999 by merging programs like IRDP, TRYSEM, DWCRA etc into a single self employment scheme.

Food for Work Programme
It was launched in February 2001 to give food thrugh wage employment in the drought affected areas in eight states. Wages are paid by the state governments partly in cash and partly in foodgrains. These are provided free of cost by the centre to the drought affected states.

Pradhan Mantri Gram Sadak Yojana
This was launched in December 2000 to provide connectivity to all rural areas with a population of more than 1000 by the year 2003 and with a population of more than 500 by the year 2007 through good roads.

Samagra Awas Yojana
It was launched in 1999-2000 as a housing scheme to ensure provision of shelter, sanitation and safe drinking water.

Pradhan Mantri Gramodaya Yojana
This programme was launched in 2000-2001 focussing on five important areas of village development, health, drinking water, primary education, housing and rural roads with the aim of improving the quality of life of people in rural areas.

Sampoorna Grameen Rozgar Yojana
It was launched in September 2001 to provide wage employment and food security in rural areas and also to create durable economic ans social assets.

Jawahar Gram Samridhi Yojana
It was launched in April 1999 by restructuring the Jawahar Rozgar Yojana and is implemented by Gram Panchayats for creating productive community assets.

International Organisations and Groups

The Common Wealth	It was originally known as ‘The British Commonwealth of Nations’. It is an association of sovereign and independent states which formally made up the British Empire. Headquarters: London. Members: 53 The British Monarch (Queen Elizabeth II) is the symbolic head of the commonwealth. Commonwealth heads of government meet (CHOGM) is held in every 2 years.
Arab League	Established: March 22, 1945. Objective: To promote economic, social, political and military cooperation. Members: 22 Headquarters: Cairo
Asia Public Economic Corporation (APEC)	Established: Nov, 1989 Objective: To promote trade and investment in the Pacific basin. Members: 21
Asian Development Bank (ADB)	Established: Dec. 19, 1966 Objective: To promote regional economic cooperation. Members: 59 Headquarters: Manila
Association of South-East Asian Nations (ASEAN)	Established: Aug. 8, 1967 Objective: Regional, economic, social and cultural cooperation among the non-communist countries of South-East Asia. Members: Brunei, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, Laos, Myanmar, Cambodia. Headquarters: Djakarta.
Common Wealth of Independent States (CIS)	Established: Dec. 8, 1991 Objective: To coordinate inter-common wealth relations and to provide a mechanism for the orderly dissolution on the USSR. Members: 12 Headquarters: Kirava (Belarus)
Group of 8 or G-8	Established: Sept. 22, 1985 Objective: To promote co-operation among major non-communist economic powers. Members: France, Germany, Japan, UK, US, Canada, Italy, Plus Russia (added later).
Group of 15 or G-15	Established: 1889 Objective: To promote economic co-operation among developing nations. Members: 18

Group of 77 or G-77	Established: Oct. 1967 Objective: To promote economic co-operation among developing nations. Members: 130
International Criminal Police Organization For (INTERPOL)	Established: 1914 Objective: To promote the international cooperation among criminal police authorities. Members: 186 Headquarters: France.
International Olympic Committee (IOC)	Established: June 23, 1894 Objective: To promote the Olympic ideals and administer Olympic Games. Members: 203 Headquarters: Switzerland.
International Organization For Standardization ( ISO)	Established: Feb., 1947 Objective: To promote development of international standards. Members: 158 Headquarters: Switzerland.
International Red Cross And Crescent Movement	Established: 1928 Objective: To promote worldwide humanitarian aid. Headquarters: Geneva.
Non-Aligned Movement (NAM)	Established: Sep., 1961 Objective: Political co-operation and separate itself from both USA and USSR (in the cold-war era). Members: 118 The credit of evolving the concept goes to Pt. Jawahar lal Nehru. The other contributors were Marshal Tito (President of Yugoslavia), Dr. Sukamo (President of Indonesia) and General Nasser (President of Egypt). Bandung conference in Indonesia became the forum for the birth of NAM.
European Union	Established: Apr.8, 1965. Effective on July 1, 1967 Objective: To create a united Europe in which member countries would have such strong economic and political bonds that war would cease to be a recurring fact. Members: 27 (The ten new countries which joined in 2004 are Cyprus, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slavakia and Slovania). Bulgaria & Romania joined in 2007. Headquarters: Brussels (Belgium). The common European, currency, Euro, was launched on Jan. 1, 1999
North Atlantic Treaty Organization (NATO)	Established: April 4, 1949 Objective: Mutual defense and cooperation Members: 26 + Russia Headquarters: Brussels
Organization of Petroleum Exporting Countries (OPEC)	Established: Sept,1959 Objective: Attempts to set world prices by controlling oil production and also persues member interest in trade and development. Members: 12 (Algeria, Indonesia, Iran, Iraq, Kuwait, Libya, UAE, Nigeria, Qatar, Saudi Arabia, Angola and Venezuela). Headquarters: Vienna (Austria).
South Asian Association For Regional Cooperation (SAARC)	Established: Dec. 8, 1985 Objective: To promote economic, social and cultural cooperation. Members: Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, Srilanka, Afghanistan. Headquarters: Katmandu.
World Meteorological Organization (WMO)	Established: Oct. 11, 1947, Effective from April 4, 1951. Objective: Specialized UN Agency concerned with meteorological cooperation. Members: 162 Headquarters: Geneva
Amnesty International (AI)	Established: 1961 Objective: To keep a watch over human rights violation worldwide. Headquarters: London Got Nobel Prize in 1977 for Peace.
Organization Of The Islamic Conference (OIC)	Established: 1969 Objective: To promote Islamic solidarity among member states and to consolidate cooperation among members. Members: 57 Headquarters: Saudi Arabia.
Shanghai Cooperation Organization (SCO)	Established: June 7, 2002. Objective: To develop mutual cooperation. Members: Russia, China, Kazakhstan, Uzbekistan, Kyrghiztan and Tajikistan.
Scouts and Guides	Established: 1907 by Lt. Gen. Baden Powell. Objective: To encourage good character, loyalty to god and country, service to other people and physical and mental fitness. Members: About 13 million members of around 115 nations. World Scouts Bureau: Geneva (Switzerland).
World Wildlife Fund For Nature (WWF)	Established: Sept. 11, 1961 Objective: To save the wildlife from extinction Members: All the countries of the world Headquarters: Gland (Switzerland)

ECONOMIC G.K. QUESTIONS

1. The first-quarter group profi tof Tata Steel ending on June 30 was…

a. ` 1,625 crore

b. ` 1,725 crore

c. ` 1,825 crore

d. ` 1,925 crore

2. Name the telecom operator which has initiated the Braille Bill service in India.

a. Vodafone

b. Reliance

c. Airtel

d. Idea

3. NMDC has acquired the entire private land required for its proposed ` 15,000 crore steel plant at…

a. Jagdalpur

b. Godda

c. Dumka

d. Samastipur

4. The organisation to sign an agreement with the All India Football Federation (AIFF) to support the development of India Under-16 football team is

…

a. Bharti Enterprises

b. Mittal Group

c. Tata

d. Reliance ADA Group

5. Nestle will invest ` 350 crore to set up a manufacturing plant at… to produce the 'Maggi' range of food products.

a. Maharashtra

b. Karnataka

c. West Bengal

d. Gujarat

6. Vedanta Resources will take a majority stake of … in Cairn India.

a. $10 billion.

b. $13.3 billion.

c. $14.8 billion.

d. $17 billion.

7. NMDC and Kobe Steel have signed a contract for acquiring stake in iron ore project in …

a. New Zealand

b. Austria

c. Australia

d. New Guinea

8. Mahindra and Mahindra plans to acquire which Korean auto maker for an estimate of $400-450 million?

a. Ssangyong

b. Maruti

c. Hundai

d. Ford

9. Name India’s largest and only telecom operator offering nationwide CDMA and GSM mobile services.

a. Tata Indicom

b. Virgin mobiles

c. Vodafone

d. Reliance Communications

10. Tradus.in has launched an online book store at TradusBooks. in, offering book enthusiasts a wide assortment of titles, ease of shopping and free shipping of books across India. Tradus.in is a sister concern company of …

a. Ibibo Web Pvt Ltd

b. Yahoo

c. Times Shopping

d. 160by2.com

11. German carmaker Mercedes Benz launched a new version of its E-Class sedan priced at

a. ` 63 .4 lakh

b. ` 64.5 lakh

c. ` 65 lakh

d. ` 65. 5 Lakh

12. Name the Indian software services fi rm which has won a New York court ruling to withhold taxes from a $70 million settlement payment to Britain-based Upaid Systems Ltd.

a. Mahindra Satyam

b. Infosys

c. IBM

d. HP

13. According to the Lakshmi Vilas Bank the total income of the bank for the fi rst quarter ended June 2010 has grown at 16.80 per cent to …

a. ` 174.99 crore.

b. ` 274.99 crore.

c. ` 374.99 crore.

d. ` 474.99 crore.

14. What is the amount that Supertech is planning to invest to build an integrated township

on Yamuna Expressway near Greater Noida?

a. ` 1,100 crore

b. ` 1,500 crore

c. ` 1,750 crore

d. ` 2,000 crore

15. Which fi rm is Malaysia's state investor that controls 95 per cent of Singapore hospital

operator Parkway Holdings?

a. Khazanah

b. Apollo Munich

c. Max

d. Bursa Malaysia

16. In tune with its ` 1,500-crore expansion plan, JK Paper signed an agreement with IT product maker … to introduce a new range of high-end digital printing papers in India.

a. Hewitt

b. HP

c. Hewlett Packard

d. Luxar

17. What is the amount that Future Group’s unit Pantaloon Retail planning to raise from its IPO?

a. ` 600 cr

b. ` 650 cr

c. ` 700 cr

d. ` 750 cr

18. ASUS Technology is aiming to capture at least … market share in the Window mobile smart phone segment in the next two years.

a. 15 %

b. 17.5 %

c. 20 %

d. 22%

19. German engineering major, Siemens bagged an order to supply an RH vacuum degassing

plant to the Rourkela Steel plant from Steel Authority of India (SAIL). The deal is worth …

a. 7.5 million euro

b. 10 million euro

c. 15 million euro

d. 17.5 million euro

20. HDFC Trustee Co Ltd acquired 2.44 per cent stake in which textiles and apparels maker

company in August?

a. Raymond

b. Grasim

c. Peter England

d. Armani

21. State-owned oil fi rms incurred 4,745 crore annual losses on pre-revised rates, prompting the government to more than double the price of state administered natural gas to …

a. $3.2 per mmBtu

b. $4.2 per mmBtu

c. $5.2 per mmBtu

d. $6.2 per mmBtu

22. Lanco Infratech reported a whopping 68 per cent jump in its profi t after taxes, at ` 194.7

crore for the quarter ended June 30. The company posted a profi t after tax of …

a. ` 105.9 crore

b. ` 115.9 crore

c. ` 125.9 crore

d. ` 135.9 crore

23. How many circles have been allotted to Vodafone for 3G Mobile services?

a. 9

b. 11

c. 14

d. 17

24. Which Indian industrialist has been found guilty in the Bhopal Gas tragedy?

a. Ratan Tata

b. Keshub Mahindra

c. Dheeru Bhai Ambani

d. AAzim Premji

25. Spice Jet has been acquired by…

a. Reliance ADA Group

b. Mahindra n Mahindra

Group

c. Sun Group

d. Larsen & Tourbo

26. Who has been appointed as the new chief fi nancial offi cer (CFO) of Colgate Palmolive?

a. Dilip Chenoy

b. Keshub Mahindra

c. Udai D. Raj

d. Pauk Alton

27. According to CSO, India’s revised GDP growth rate for the fi scal year 2009-2010 is …

a. 7.2 % to 7.4%

b. 7.4 % to 7.2%

c. 4.7 % to 2.7%

d. 2.7 % to 4.7%

28. CIL has joined hands with GAIL and RCF to set up a coal gasification project at which place?

a. Talchar in Orissa

b. Puri in Orissa

c. Cuttak in Orissa

d. Udaigiri in Orissa

29. The total income of the Unitech Group has increased by... percent during the April-June

quarter.

a. 33.87 per cent

b. 43.87 per cent

c. 53.87 per cent

d. 63.87 per cent

30. The Tata Group has become the country's wealthiest group, with a market value of about…

a. ` 3,00,000 crore

b. ` 3,21,000 crore

c. ` 3,71,000 crore

d. ` 3,95,000 crore

31. Jos Alukkas, a leading gold and diamond trader in the country, registered a total business

turnover of … in 2010-2011.

a. ` 550 crore

b. ` 820 crore

c. ` 1020 crore

d. ` 1120 crore

32. Engineering fi rm Era Infra has bagged a highway project that involves four laning of a road stretch from Muzaffarnagar in UP to Haridwar in Uttrakhand. The worth of the project is...

a. ` 1,000 crore

b. ` 1,010 crore

c. ` 1,100 crore

d. ` 1,110 crore

QUESTION BANK

33. During the 2009 – 2010 fi scal, India's cement export declined by 29 per cent to …

a. 2 million tonnes

b. 2. 10 million tonnes

c. 2. 27 million tonnes

d. 2. 50 million tones

34. By which date has would India temporarily shut down BlackBerry services if New Delhi's

concerns about security are not addressed?

a. 31st August

b. 15th September

c. 30th September

d. 1st October

35. The net profi t of Bosch Ltd at the quarter ended on June 30, 2010 is…

a. ` 18.82 crore

b. ` 20.97 crore

c. ` 22. 82 crore

d. ` 26 .97 crore

36. Niraj Cement Structurals signed a contract with the Public Works Department of Bastar

Circle, Jagdalpur. The worth of the deal is…

a. ` 71.27 crore

b. ` 71. 72 crore

c. ` 72. 17 crore

d. ` 72. 71 crore

37. Areva T&D India has signed a contract worth ` 110 crore with Power Grid Corporation of

India Ltd to set up a 765 KV extra high voltage sub-station at …

a. Sasaram, Bihar

b. Vaishali, Bihar

c. Rajgir, Bihar

d. Gaya, Bihar

38. AstraZeneca Plc will pay $198 million to settle claims against its anti psychotic drug…

a. Seroquel

b. Olanzapine

c. Clozapine

d. Loxitane

39. Who has been appointed as the director on Hongkong and Shanghai Banking Corporation (HSBC) Asia-Pacifi c board?

a. Shivani Lal

b. Deepali Pruthi

c. Vikas Puniya

d. Naina Lal Kidwai

40. The total number of registered subscribers at Tata Teleservices Ltd by the end of July 2010 was …

a. 71 million

b. 73 million

c. 75 million

d. 79 million

41. Name the organisation that has received an order for 1,000 buses, worth around $26 million from the People's Leasing Company in Sri Lanka.

a. Honda

b. Ashok Leyland

c. Tata Motors

d. Bajaj

42. BHEL signed a contract worth 2,525 crore with Abhijeet Infra for setting up a 1,080 MW

thermal power plant in which state?

a. Jharkhand

b. Uttaranchal

c. Bihar

d. Chhattisgarh

43. Who has been appointed as the Offi cer Employee Director on the Board of Directors of Andhra Bank?

a. Vir Sanghvi

b. N Rajagopal Reddy

c. Rajeev Ranjan

d. Narayan Murthy

44. Indiabulls Real Estate bought the National Textile Corporation's 8.3 acres of prime mill land in Mumbai for…

a. ` 1,405 crore

b. ` 1,055 crore

c. ` 1,505 crore

d. ` 1,005 crore

45. The local car sales in India rose to an annual percent of … as on July 2010.

a. 38%

b. 36%

c. 35%

d. 32%

46. Vascon Engineers has acquired 90 per cent of equity shares of GMP Technical Solutions Pvt Ltd worth how much?

a. 62.62 crore

b. 62.63 crore

c. 63.62 crore

d. 63.63 crore

47. Name the mobile application store which will be offering Reliance Communications its extensive catalog of over 65,000 free mobile applications.

a. Navteq

b. GetJar

c. BlackBerry

d. Google

48. The new poverty Index introduced by UNDP is …

a. Multi Dimensional Poverty Index

b. Human Poverty Index

c. BPL Index

d. Social Poverty index

49. The symbol of Indian rupee has been designed by whom?

a. Dewang Patel

b. Harsha Madiraju

c. Venkat Raman Kumar

d. D.Udai Kumar

QUESTION BANK

50. Which sector amongst the following contributes the maximum to India’s GDP?

a. Shipping

b. Services

c. Mining

d. Manufacturing

Answers:

1. c. Rs 1,825 crore

2. b. Reliance

3. a. Jagdalpur

4. a. Bharti Enterprises

5. b. Karnataka

6. a. $10 billion.

7. c. Australia

8. a. Ssangyong

9. d. Reliance Communications

10. a. Ibibo Web Pvt Ltd

11. b. Rs 64.5 lakh

12. a. Mahindra Satyam

13. b. Rs 274.99 crore

14. d. Rs 2,000 crore

15. a. Khazanah

16. c. Hewlett Packard

17. d. Rs 750 cr

18. c. 20%

19. b. 10-million euro

20. a. Raymond

21. b. $4.2 per mmBtu

22. b. Rs 115.9 crore

23. a. 9

24. b. Keshub Mahindra

25. c. Sun Group

26. d. Pauk Alton

27. a. 7.2 % to 7.4%

28. a. Talchar in Orissa

29. c. 53.87 per cent

30. c. Rs 3,71,000 crore

31. b. Rs 820 crore

32. c. Rs 1,100 crore

33. c. 2. 27 million tonnes

34. a. 31st August

35. b. Rs 20.97 crore

36. a. Rs 71.27 crore

37. a. Sasaram, Bihar

38. b. Seroquel

39. d. Naina Lal Kidwai

40. c. 75 million

41. b. Ashok Leylanda

42. a. Jharkhand

43. b. N Rajagopal Reddy

44. c. Rs 1,505 crore

45. a. 38%

46. b. Rs 62.63 crore

47. b. GetJar

48. a. Multi Dimensional Poverty Index

49. d. Udai Kumar

50. b. Services