Kaun Banega Crorepati: Economy Quiz Set - 1

1. The Reserve Bank of India released its June mid-quarter monetary policy on June 17, 2013. Reserve Bank of India is headquartered in___________.

Kolkata

Mumbai

Hyderabad

Chennai

The correct answer is Mumbai because the question is asking for the headquarters of the Reserve Bank of India. Mumbai is the correct answer as it is the location where the Reserve Bank of India is headquartered.

Explanation

The correct answer is Mumbai because the question is asking for the headquarters of the Reserve Bank of India. Mumbai is the correct answer as it is the location where the Reserve Bank of India is headquartered.

2. As per latest Report by FAO (Food and Agriculture Organization), which country is the largest consumer and producer of Chickpeas in the world?

India

Africa

Afghanistan

Pakistan

India is the correct answer because according to the latest report by FAO, India is the largest consumer and producer of Chickpeas in the world. This means that India consumes and produces more chickpeas than any other country.

Explanation

India is the correct answer because according to the latest report by FAO, India is the largest consumer and producer of Chickpeas in the world. This means that India consumes and produces more chickpeas than any other country.

3. The Union Cabinet of India on 18 April 2013 gave its approval to the proposal of the Indian Railways for permitting use of its land for __________underground, on the surface as well as elevated/over ground.

Crossing bus Corridor

Crossing Rail Network

Crossing Metro Network

Crossing Air Network

The Union Cabinet of India approved the proposal of the Indian Railways to allow the use of its land for crossing the metro network. This means that the Indian Railways will permit the construction of metro lines that intersect or cross over its existing rail network. This decision will enhance connectivity and provide more efficient transportation options for the public.

Explanation

The Union Cabinet of India approved the proposal of the Indian Railways to allow the use of its land for crossing the metro network. This means that the Indian Railways will permit the construction of metro lines that intersect or cross over its existing rail network. This decision will enhance connectivity and provide more efficient transportation options for the public.

4. What is the escalation in the growth percentage of Foreign Tourist Arrivals (FTA) in March 2013 over March 2012?

4.5 %

2.8 %

5.9 %

5.2 %

The correct answer is 2.8%. This means that the growth percentage of Foreign Tourist Arrivals (FTA) in March 2013 over March 2012 was 2.8%. This indicates a moderate increase in the number of foreign tourists visiting during that period compared to the previous year.

Explanation

The correct answer is 2.8%. This means that the growth percentage of Foreign Tourist Arrivals (FTA) in March 2013 over March 2012 was 2.8%. This indicates a moderate increase in the number of foreign tourists visiting during that period compared to the previous year.

5. What Percent of Equity sale was accepted by Coal India Limited in IMG (Inter-Ministerial Group) on May 10, 2013?

11%

12 %

10 %

15 %

Coal India Limited accepted 10% of the equity sale in IMG on May 10, 2013. This means that out of the total equity sale offered, Coal India Limited agreed to purchase and own 10% of it.

Explanation

Coal India Limited accepted 10% of the equity sale in IMG on May 10, 2013. This means that out of the total equity sale offered, Coal India Limited agreed to purchase and own 10% of it.

6. By what percent the Indian exports grew in the month of April 2013 and stood at 24.16 billion US Dollar?

4.5 %

1.6 %

2.3 %

5.1 %

The Indian exports grew by 1.6% in the month of April 2013 and reached 24.16 billion US dollars. This means that there was a slight increase in the value of exports during that period.

Explanation

The Indian exports grew by 1.6% in the month of April 2013 and reached 24.16 billion US dollars. This means that there was a slight increase in the value of exports during that period.

7. What amount of loan is supposed to be provided by ADB (Asian Development Bank) to India over next 3 years?

7 Billion Dollars

4.2 Billion Dollars

6 Billion Dollars

4.5 billion dollars

The Asian Development Bank (ADB) is expected to provide a loan of 6 billion dollars to India over the next 3 years. This loan is aimed at supporting various development projects and initiatives in India. The loan amount signifies a significant financial assistance from ADB to India, which will help in promoting economic growth, infrastructure development, poverty reduction, and other key areas of focus for the country.

Explanation

The Asian Development Bank (ADB) is expected to provide a loan of 6 billion dollars to India over the next 3 years. This loan is aimed at supporting various development projects and initiatives in India. The loan amount signifies a significant financial assistance from ADB to India, which will help in promoting economic growth, infrastructure development, poverty reduction, and other key areas of focus for the country.

8. On June 5, 2013, the Union Government of India, hiked the import duty on gold to what per cent from the present 6 per cent?

9 Percent

9.2 Percent

8.5 Percent

8 Percent

The correct answer is 8 percent. On June 5, 2013, the Union Government of India increased the import duty on gold from the existing 6 percent to 8 percent. This decision was made to curb the import of gold and reduce the current account deficit. By increasing the import duty, the government aimed to discourage the import of gold and promote domestic savings and investments.

Explanation

The correct answer is 8 percent. On June 5, 2013, the Union Government of India increased the import duty on gold from the existing 6 percent to 8 percent. This decision was made to curb the import of gold and reduce the current account deficit. By increasing the import duty, the government aimed to discourage the import of gold and promote domestic savings and investments.