Probable Economy Related Questions from 2010
1) In April 2010 which associate bank of the State Bank group was merged with the State bank of India (SBI)? – State Bank of Indore
2) Which was India’s position in the Global Competency Report published by the World Economic Forum? – 51st
3) Prices of which important commodity was deregulated in the month of June 2010? – Petrol (Now prices of petrol will be regulated by the petroleum companies according to price reflection in international markets instead of by the Govt.)
4) Which is the base year for India’s newly composed Wholesale Price Index (WPI)? – 2004-05
5) How many commodities are kept in the newly composed WPI? – 676 commodities
6) How many commodities were earlier kept in the old WPI? – 435
7) What was the base year for the old WPI? – 1993-94
8) Who was the deputy-Governor of RBI who retired from her post in November 2010? – Usha Thorat
9) On 15th September 2010, on the recommendations of the Central Board of Trustees (CBTs) of the Employment Provident Fund Organisation (EPFO), the Labour Ministry announced how much rate of interest to be paid per annum on savings account of Provident Fund for the fiscal year 2010-11? – 9.5% p.a.
10) What was the earlier rate of interest rate for Provident Fund accounts? – 8.5% p.a.
11) What was India’s rank in the ‘Global Governance 2025’ report jointly prepared by the National Intelligence Council of the US and the European Union Institute for Security Studies (EUISS)? – 3rd
12) Indian Govt.’s ‘Focused Product Scheme’ is associated with which policy regulation? – Foreign Trade Policy
13) With which country India signed 30 agreements on different fields including oil and gas sector and pacts on nuclear energy, defence and space cooperation on December 21, 2010? – Russia
14) According to a latest report on Urbanization released in September 2010 by the Asian Development Bank (ADB), what is India’s position? – 34th
15) According to ADB’s report on Urbanization how much of India’s populace resides in urban areas? – 29.4%
16) Which are the countries in the Asia-Oceania Region, whose 100 per cent population resides in urban areas? – Singapore, Hong Kong and Nauru
17) Which PSU (Public Sector Undertaking) has been conferred with the MOU Excellence Award to facilitate the PSU’s performance during 2008-09? - Cochin Shipyard Ltd.
18) What is the name of Corporate lobbyist who was questioned by Central Bureau of Investigation (CBI) team on 21-12-2010 for her firm’s alleged role in the 2G spectrum allocation case? – Nira Radia
19) In how many Indian cities was supply of Bharat Stage - IV of Diesel and Petrol started on 1st April 2010? – 13 cities (Delhi, Agra, Kanpur, Lucknow, Kolkata, Mumbai, Ahmedabad, Mumbai, Pune, Solapur, Chennai, Begaluru and Hyderabad)
20) On which date was supply of Bharat Stage – III Diesel and Petrol commenced all over the country? – 23 September 2010
21) Which Indian state topped achieved highest growth in Gross State Domestic Product (GSDP) during year 2009-10, according to data released in 2010? – Chattisgarh
22) What is the upper limit for investment by retail investors in IPO after SEBI increased this limit? – Rs. 2 Lakh (SEBI announced increase in this limit on 25th October 2010 and raised it from Rs. 1 Lakh to Rs. 2 Lakh)
23) Which was India’s largest IPO, which was offered to the public in the year 2010? – the IPO of Coal India Limited (CIL) worth Rs. 15,475 Crore
24) Which was the largest IPO in India prior to the IPO of Coal India Limited? – IPO of Reliance Power (at Rs. 11,600 crore)
25) Which four PSU companies were accorded the Maharatna status by Union Heavy Industries Ministry in 2010? – Oil and Natural gas Corporation (ONGC), Indian Oil Corporation (IOC), Steel Authority of India Limited (SAIL) and National Thermal Power Corporation (NTPC)
26) What is the most important benefit of Maharatna status? – the companies with this status can invest upto Rs. 5,000 crore in any project without taking permission of the Union Govt.
27) How many Indian PSU companies have been accorded the Nav-Ratna status till Nov, 2010? – 16 companies (BHEL, BPCL, HPCL, MTNL, GAIL, BEL, HAL, Power Grid Corporation of India Ltd. (PGCIL), NMDC, NALCO, Power Finance Corporation (PFC), Rural Electrification Corporation (REC), Shipping Corporation of India (SCI), Coal India Limited (CIL), Oil India limited (OIL) and Rashtriya Ispat Nigam limited (RINL)
28) Which is the new number commissioned by the Income Tax Deptt., that will become mandatory to quote while filling the income tax return? – DIN (Document Identification Number). It has become mandatory to quote this number alongwith PAN and TAN while filling IT return
29) What is India’s position in Human Development Report released by UNDP in November 2010? – 119th
30) Which country topped in the Human Development Report released by UNDP in November 2010? – Norway
31) The G-20 summit 2010 (11-12 Nov) was held in which city? – Seoul (capital of South Korea)
32) Which are the constituent countries of G-20? – Seven developed nations (US, UK, Canada, France, Italy, Japan and Germany) large developing countries (Argentina, Australia, Brazil, China, India, Indonesia, Mexico, Russia, Saudi Arab, South Africa, South Korea and Turkey) and the European Union
33) The India International Trade Fair organized in Delhi in 2010 was which edition of this annual trade fair organized by India Trade Promotion Organization (ITPO)? – 30th
34) From which date the Direct Tax Code (DTC) would come into effect all over the country?- 1st April 2011
35) DTC would take place of which act connected with income tax? – Income Tax Act 1961
36) The RBI implemented the new Base Rate System (BRS) in place of Prime Lending Rate (PLR) for bank loans from which date? – 1st July, 2010
37) What is meaning of Base Rate System (BRS)? – BRS is a more transparent system for bank loans mooted by the RBI under which no bank can provide loans at lower rates than the announced BRS. BRS would enthuse more competitiveness among the commercial banks
38) Bharti Airtel acquired which mobile company’s African operations to emerge as the 5th largest mobile operator in the world? – Zain (Bharti acquired the business of Zain Africa)
39) Which company was able to acquire pan-India license for Broadband Wireless Access (BWA) in the auctions held in month of May-June 2010? – InfoTel
40) Which leading Indian corporate marked its entry into the lucrative field of telecom after it acquired a majority stake in InfoTel? – Mukesh Ambani promoted Reliance Industries (It acquired 95% stake in InfoTel for Rs. 4800 crore)
41) Which port was added in the list of major ports of country on 1st June 2010 to take the number of major ports in India to 13? – Port Blair
42) Under which act are the major ports of India administered? – Major Port Trust Act implemented by the Port Trust of India
43) Major ports of the country control approximately what percentage of total Indian shipping business? – about 90%
44) Which are the 13 major ports of India which are presently administered by the major Port Trust Act? – Kolkata (or Haldia in W. Bengal), Kandla (Gujarat), Marmugao (Goa), Kochi (kerala), Chennai (TN), Ennore (Kerala), Jawaharlal Nehru Port, (also called Nhava Sheva in Mumbai), New Mangalore (Karnataka), Paradeep (Orissa), Tuticorin (TN), Vishakhapatnam (AP) and Port Blair (Andaman & Nicobar)
45) J J Irani Committee is related with which subject / issue? – Company Law
46) IDBI Bank opened its first overseas branch in which city in 2010? – Dubai
47) Which leading automobile company acquired controlling stake in the auto company which manufacturers India first electronic car Reva? – Mahindra and Mahindra
48) Rajasthan bank merged in which leading private sector bank of country? – ICICI Bank
49) In 2010 India completed how many years of administered taxation system in the country? – 150 years (1st taxation rule was made during the British Regime in 1860)
50) Which organization launched a new index on poverty called Multi-Dimensional Poverty Index (MPI) in October 2010? – UNDP (United Nations Development Program)
51) MPI has been launched by UNDP to take place of which old index pertaining to poverty? – Human Poverty Index (Which was annually published by UNDP since 1997)
52) How many Indian companies were listed in the Fortune 500 list of year 2010? – 8 (Indian Oil Corporation (IOC), Reliance Industries, State Bank of India (SBI), Bharat Petroleum Corporation Ltd (BPCL), Hindustan Petroleum Corporation Ltd (HPCL), Oil & Natural Gas Corporation (ONGC), Tata Steel and Tata Motors
53) Which Indian companies is the highest ranked Indian company in the Fortune 500 list of world’s largest companies? – Indian Oil Corporation (IOC), which is ranked at 125th place in the list
54) Which company was ranked at first place in the Fortune 500 list of 2010? – Wal Mart
55) Which multinational bank acquired the business of Britain’s troubled Royal Bank of Scotland (RBS)? – HSBC (Hong Kong and Shanghai Bank)
56) Reliance Natural Resources Limited (RNRL), a company of Anil Dhirubhai Ambani Group, was merged with which company of the group in 2010? – Reliance Power
57) Who has designed the symbol for Indian currency Rupee which was approved by the union cabinet on 15th July 2010? – D Udaya Kumar (a PG degree holder from IIT Mumbai now teaching at IIT Guwahati)
58) Which are the major currencies of the World to have their respective currency symbols? – US Dollar ($), British Pound Sterling (£), EU’s Euro (€) and Japanese Yen (¥)
59) Leading public sector bank Bank of Baroda (BOB) completed how many years of its incorporation in the year 2010? – 102 years (was established on 20th July 1908 and nationalized on 19th July , 1969)
60) Who established Bank of Baroda in 1908? – Sir His Royal Highness King Sayaji Rao Gaikwad – III
61) 7 major labour organizations of India organized a nationwide strike to protest against rising prices, anti-labour policies of the Govt. and other such issues on which date? – 7th September 2010
62) India became 19th country to sign the Hallmark Treaty. Hallmark Treaty is related with which issue? – Manufacture and control of business of precious metals
63) What will the benefit of India signing the Hallmark Treaty? – India’s hallmarked jewelry exports to associate Hallmark Treaty countries would not be required to be re-checked for purity at these countries
64) Hallmark Treaty is also known by which popular name? – Vienna Treaty
65) Director General of Civil Aviation (DGCA) cancelled the aviation license of which airlines in the year 2010? – Paramount Airlines
66) What is the essential criterion for renewal of aviation license as made mandatory by the DGCA? – Airlines should have minimum strength of 5 serviceable aircrafts
67) Which Indian bank started the Green Banking Channel on 1st July 2010 at its selected branches? – SBI
68) What is the meaning of Green banking Channel? – it is a concept of paperless banking to augment population conservation
69) Which leading tobacco and FMCG company celebrated 100 years of its inception in 2010? – ITC (Indian Tobacco Company)
70) National Tax Day falls on which day? – 24 July
1) In April 2010 which associate bank of the State Bank group was merged with the State bank of India (SBI)? – State Bank of Indore
2) Which was India’s position in the Global Competency Report published by the World Economic Forum? – 51st
3) Prices of which important commodity was deregulated in the month of June 2010? – Petrol (Now prices of petrol will be regulated by the petroleum companies according to price reflection in international markets instead of by the Govt.)
4) Which is the base year for India’s newly composed Wholesale Price Index (WPI)? – 2004-05
5) How many commodities are kept in the newly composed WPI? – 676 commodities
6) How many commodities were earlier kept in the old WPI? – 435
7) What was the base year for the old WPI? – 1993-94
8) Who was the deputy-Governor of RBI who retired from her post in November 2010? – Usha Thorat
9) On 15th September 2010, on the recommendations of the Central Board of Trustees (CBTs) of the Employment Provident Fund Organisation (EPFO), the Labour Ministry announced how much rate of interest to be paid per annum on savings account of Provident Fund for the fiscal year 2010-11? – 9.5% p.a.
10) What was the earlier rate of interest rate for Provident Fund accounts? – 8.5% p.a.
11) What was India’s rank in the ‘Global Governance 2025’ report jointly prepared by the National Intelligence Council of the US and the European Union Institute for Security Studies (EUISS)? – 3rd
12) Indian Govt.’s ‘Focused Product Scheme’ is associated with which policy regulation? – Foreign Trade Policy
13) With which country India signed 30 agreements on different fields including oil and gas sector and pacts on nuclear energy, defence and space cooperation on December 21, 2010? – Russia
14) According to a latest report on Urbanization released in September 2010 by the Asian Development Bank (ADB), what is India’s position? – 34th
15) According to ADB’s report on Urbanization how much of India’s populace resides in urban areas? – 29.4%
16) Which are the countries in the Asia-Oceania Region, whose 100 per cent population resides in urban areas? – Singapore, Hong Kong and Nauru
17) Which PSU (Public Sector Undertaking) has been conferred with the MOU Excellence Award to facilitate the PSU’s performance during 2008-09? - Cochin Shipyard Ltd.
18) What is the name of Corporate lobbyist who was questioned by Central Bureau of Investigation (CBI) team on 21-12-2010 for her firm’s alleged role in the 2G spectrum allocation case? – Nira Radia
19) In how many Indian cities was supply of Bharat Stage - IV of Diesel and Petrol started on 1st April 2010? – 13 cities (Delhi, Agra, Kanpur, Lucknow, Kolkata, Mumbai, Ahmedabad, Mumbai, Pune, Solapur, Chennai, Begaluru and Hyderabad)
20) On which date was supply of Bharat Stage – III Diesel and Petrol commenced all over the country? – 23 September 2010
21) Which Indian state topped achieved highest growth in Gross State Domestic Product (GSDP) during year 2009-10, according to data released in 2010? – Chattisgarh
22) What is the upper limit for investment by retail investors in IPO after SEBI increased this limit? – Rs. 2 Lakh (SEBI announced increase in this limit on 25th October 2010 and raised it from Rs. 1 Lakh to Rs. 2 Lakh)
23) Which was India’s largest IPO, which was offered to the public in the year 2010? – the IPO of Coal India Limited (CIL) worth Rs. 15,475 Crore
24) Which was the largest IPO in India prior to the IPO of Coal India Limited? – IPO of Reliance Power (at Rs. 11,600 crore)
25) Which four PSU companies were accorded the Maharatna status by Union Heavy Industries Ministry in 2010? – Oil and Natural gas Corporation (ONGC), Indian Oil Corporation (IOC), Steel Authority of India Limited (SAIL) and National Thermal Power Corporation (NTPC)
26) What is the most important benefit of Maharatna status? – the companies with this status can invest upto Rs. 5,000 crore in any project without taking permission of the Union Govt.
27) How many Indian PSU companies have been accorded the Nav-Ratna status till Nov, 2010? – 16 companies (BHEL, BPCL, HPCL, MTNL, GAIL, BEL, HAL, Power Grid Corporation of India Ltd. (PGCIL), NMDC, NALCO, Power Finance Corporation (PFC), Rural Electrification Corporation (REC), Shipping Corporation of India (SCI), Coal India Limited (CIL), Oil India limited (OIL) and Rashtriya Ispat Nigam limited (RINL)
28) Which is the new number commissioned by the Income Tax Deptt., that will become mandatory to quote while filling the income tax return? – DIN (Document Identification Number). It has become mandatory to quote this number alongwith PAN and TAN while filling IT return
29) What is India’s position in Human Development Report released by UNDP in November 2010? – 119th
30) Which country topped in the Human Development Report released by UNDP in November 2010? – Norway
31) The G-20 summit 2010 (11-12 Nov) was held in which city? – Seoul (capital of South Korea)
32) Which are the constituent countries of G-20? – Seven developed nations (US, UK, Canada, France, Italy, Japan and Germany) large developing countries (Argentina, Australia, Brazil, China, India, Indonesia, Mexico, Russia, Saudi Arab, South Africa, South Korea and Turkey) and the European Union
33) The India International Trade Fair organized in Delhi in 2010 was which edition of this annual trade fair organized by India Trade Promotion Organization (ITPO)? – 30th
34) From which date the Direct Tax Code (DTC) would come into effect all over the country?- 1st April 2011
35) DTC would take place of which act connected with income tax? – Income Tax Act 1961
36) The RBI implemented the new Base Rate System (BRS) in place of Prime Lending Rate (PLR) for bank loans from which date? – 1st July, 2010
37) What is meaning of Base Rate System (BRS)? – BRS is a more transparent system for bank loans mooted by the RBI under which no bank can provide loans at lower rates than the announced BRS. BRS would enthuse more competitiveness among the commercial banks
38) Bharti Airtel acquired which mobile company’s African operations to emerge as the 5th largest mobile operator in the world? – Zain (Bharti acquired the business of Zain Africa)
39) Which company was able to acquire pan-India license for Broadband Wireless Access (BWA) in the auctions held in month of May-June 2010? – InfoTel
40) Which leading Indian corporate marked its entry into the lucrative field of telecom after it acquired a majority stake in InfoTel? – Mukesh Ambani promoted Reliance Industries (It acquired 95% stake in InfoTel for Rs. 4800 crore)
41) Which port was added in the list of major ports of country on 1st June 2010 to take the number of major ports in India to 13? – Port Blair
42) Under which act are the major ports of India administered? – Major Port Trust Act implemented by the Port Trust of India
43) Major ports of the country control approximately what percentage of total Indian shipping business? – about 90%
44) Which are the 13 major ports of India which are presently administered by the major Port Trust Act? – Kolkata (or Haldia in W. Bengal), Kandla (Gujarat), Marmugao (Goa), Kochi (kerala), Chennai (TN), Ennore (Kerala), Jawaharlal Nehru Port, (also called Nhava Sheva in Mumbai), New Mangalore (Karnataka), Paradeep (Orissa), Tuticorin (TN), Vishakhapatnam (AP) and Port Blair (Andaman & Nicobar)
45) J J Irani Committee is related with which subject / issue? – Company Law
46) IDBI Bank opened its first overseas branch in which city in 2010? – Dubai
47) Which leading automobile company acquired controlling stake in the auto company which manufacturers India first electronic car Reva? – Mahindra and Mahindra
48) Rajasthan bank merged in which leading private sector bank of country? – ICICI Bank
49) In 2010 India completed how many years of administered taxation system in the country? – 150 years (1st taxation rule was made during the British Regime in 1860)
50) Which organization launched a new index on poverty called Multi-Dimensional Poverty Index (MPI) in October 2010? – UNDP (United Nations Development Program)
51) MPI has been launched by UNDP to take place of which old index pertaining to poverty? – Human Poverty Index (Which was annually published by UNDP since 1997)
52) How many Indian companies were listed in the Fortune 500 list of year 2010? – 8 (Indian Oil Corporation (IOC), Reliance Industries, State Bank of India (SBI), Bharat Petroleum Corporation Ltd (BPCL), Hindustan Petroleum Corporation Ltd (HPCL), Oil & Natural Gas Corporation (ONGC), Tata Steel and Tata Motors
53) Which Indian companies is the highest ranked Indian company in the Fortune 500 list of world’s largest companies? – Indian Oil Corporation (IOC), which is ranked at 125th place in the list
54) Which company was ranked at first place in the Fortune 500 list of 2010? – Wal Mart
55) Which multinational bank acquired the business of Britain’s troubled Royal Bank of Scotland (RBS)? – HSBC (Hong Kong and Shanghai Bank)
56) Reliance Natural Resources Limited (RNRL), a company of Anil Dhirubhai Ambani Group, was merged with which company of the group in 2010? – Reliance Power
57) Who has designed the symbol for Indian currency Rupee which was approved by the union cabinet on 15th July 2010? – D Udaya Kumar (a PG degree holder from IIT Mumbai now teaching at IIT Guwahati)
58) Which are the major currencies of the World to have their respective currency symbols? – US Dollar ($), British Pound Sterling (£), EU’s Euro (€) and Japanese Yen (¥)
59) Leading public sector bank Bank of Baroda (BOB) completed how many years of its incorporation in the year 2010? – 102 years (was established on 20th July 1908 and nationalized on 19th July , 1969)
60) Who established Bank of Baroda in 1908? – Sir His Royal Highness King Sayaji Rao Gaikwad – III
61) 7 major labour organizations of India organized a nationwide strike to protest against rising prices, anti-labour policies of the Govt. and other such issues on which date? – 7th September 2010
62) India became 19th country to sign the Hallmark Treaty. Hallmark Treaty is related with which issue? – Manufacture and control of business of precious metals
63) What will the benefit of India signing the Hallmark Treaty? – India’s hallmarked jewelry exports to associate Hallmark Treaty countries would not be required to be re-checked for purity at these countries
64) Hallmark Treaty is also known by which popular name? – Vienna Treaty
65) Director General of Civil Aviation (DGCA) cancelled the aviation license of which airlines in the year 2010? – Paramount Airlines
66) What is the essential criterion for renewal of aviation license as made mandatory by the DGCA? – Airlines should have minimum strength of 5 serviceable aircrafts
67) Which Indian bank started the Green Banking Channel on 1st July 2010 at its selected branches? – SBI
68) What is the meaning of Green banking Channel? – it is a concept of paperless banking to augment population conservation
69) Which leading tobacco and FMCG company celebrated 100 years of its inception in 2010? – ITC (Indian Tobacco Company)
70) National Tax Day falls on which day? – 24 July
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