Highlights of Economic Survey 2010-11

The Economic Survey of India 2010-11 was tabled by the Union Finance Minister of India Pranab Mukherjee on 25 February 2011.

Here are the some of the highlights of Economic survey:

·        The Survey predicted the 9% growth for Indian economy in the next fiscal and estimated 8.6 percent growth in this financial year.

·        As per the survey, the inflation stood at 8.23 per cent in January 2011.

·        The economic Survey of India stated that the trade gap has narrowed to over 82 billion US dollars in the first nine months of the current fiscal and gross fiscal deficit is at 4.8 per cent which is 1.5 percent less than last fiscal(6.3%).

·        The Survey stated that the spending in social sector programmes increased by five percent of the GDP over past five years.

·        The Survey pointed out that Forex reserves of India are estimated to be over 297 billion US dollars. This is mainly due to growth in export sector.

·        Agriculture likely to grow at 5.4% in 2010-11.(For complete details Click here)

·        Industrial output grows by 8.6% ; manufacturing sector registers 9.1%.

·        Exports in April-December 2010 up by 29.5 %.

Canara Bank PO GK Paper - 2010

1.      Repo rate – 5.25%.(Very Recently Rbi(July 2nd) has increased the base rates by 25 basis points(i.e Repo rate & Reverse repo rate).Now its is 5.5% and 4% respectively.., but the question paper is prepared before a month so the answer would be 5.25%.)

2.      Food Inflation in 2009-10 – 17%.

3.      South Africa Currency – Rand.(Countries, Currencies, President's/PM's)

4.      GDP – Gross Domestic Product.(Financial& Banking Acronyms)

5.      2012 Olympics will be held in – London.

6.      Earth Day is observes on – April 22^nd.(Important Days)

7.      NBFC – Non banking finance company.

8.      India - Palestine – Wets Asia conflict.

9.      Bear and Bulls related to – Stock Market.

10. Special Drawing Rights issued by – IMF.

11. Term used in Hockey – Penalty Corner.

12. Economic Survey is done for the year - 2009-10.

13. Which country facing Crisis in Europe – Greece.

14. Women’s Reservation in state assemblies – 33%.

15. Base rate will be implemented from – July 2010.

16. Scheme related to Rural Health Scheme – NHRM.

17. Who is not related to famous author – M F Hussain.

18. India Bangladesh power plant in which city – Khulna.

19. WADI in West Bengal - tribal development programme.

20. Chairman of 13^th finance commission – Vijay Kelkar.

21. Player associated with women’s cricket – Mithali Raj.

22. India and Saudi Arabia signed pacts in – Energy Sector.

23. Which country is not playing International cricket – China.

24. First woman president of Costa Rica - Laura Chinchilla.

25. Government has granted 1,200 crore to – Bundelkhand region.

26. Viktor Yanukovych has been elected as – President of Ukraine.

27. Banking services to rural people termed as - Financial Inclusion.

28. To which country India has given 1billion US dollars – Bangladesh.

29. Teams played in IPL final – Chennai Super Kings vs Mumbai Indians.

30. Which of the following is not related to banking and finance – Cell fusion.

31. Which country has reservation in parliament for women like India – France.

32. Who presented the Union budget 2010-11 in parliament – Pranab Mukherjee

33. Recently which country celebrated Rabindranath Tagore birthday – China.

34. Which of the following award is not given in the not the field of literature -  Arjuna Awards.

35. Which country objected the meeting between Dalai Lama and Barack Obama – China.

36. Which of the following told government must cut its fiscal deficit to 3% - 13^th Finance Commission.

37. Ela Bhatt chosen for Niwano Peace Prize, she is from which Organisation – SEWA.

38. Which of the following is a book written by R K Narayan – The World of Nagaraj.

39. Who won the best male actor in 55^th Film fare awards – Amitabh bachchan.

40. The details of the companies financial position in the annual report of a company is known as – balance sheet.

41. Which of the following cup is not related to Cricket – Scindia Gold cup.

42. Question on Right to Education.

43. Question on Union budget 2010-11.

Note: Some Questions/Answers are inaccurate and not clear. If you remember the exact questions/answers put it on a comment box. Exam held on 04-07-2010.