Foreign Companies Abbreviations

3M - Minnesota Mining and Manufacturing
3PL - Third Party Logistics
A&W - Allen & Wright (Roy Allen and Frank Wright combined their initials to name A&W Root Beer in 1922)
AA - Author Alteration (a publishing term)
AAA - American Automobile Association

Business Quiz 2

Question: Which vehicle took its name from the fact that it was made to be used for general purposes?

 Answer: Jeep (GP)

Question: What is the name of the mascot on the bonnet of a Rolls Royce?

Answer: The spirit of ecstasy

Question: Who invented jeans?

Answer: Levi Straus

Question: Arthur Andersen is an Accounting Firm which has been dissolved following their involvement in

which scandal?

Answer: Enron Scandal

Question: Which Indian IT company is a Joint venture between BT and M&M?

Answer: Tech Mahindra

Visual Round 2

  

Budget At Glance 2011-12

Budget At Glance 2011-12


I-T exemption limit raised to Rs 1.80 lakh from Rs 1.60 lakh .

Exemption for senior citizens raised to Rs 2.5 lakh

Tax under women slab unchanged.

Tax exemption raised to Rs 5 lakh for senior citizens of 80 years.

To increase service tax on air travel

Micro Finance Topic

Definition :

The word Micro means itself is small.

Where as finance mean money.
 

The word Micro finance means motivating the people with small credit or loans.
 

Micro Finance is a finance, where small organization help the poor people financially.
 

The MFI’s (Micro Finance Institutions) like NGO’s helps the small business people internally.
 

It encourages the SMI’s.

Budget Analysis 2011-12

INDIA BUDGET 2010-11
HIGHLIGHT

CRITICAL INSTITUTIONAL REFORMS SET PACE FOR DOUBLE-DIGIT GROWTH

SCALED UP FLOW OF RESOURCES INFUSES DYNAMISM IN RURAL ECONOMY

GDP ESTIMATED TO HAVE GROWN AT 8.6% IN 2010-11

FISCAL DEFICIT KEPT AT 4.6% OF GDP FOR 2011-12

EXPORTS GROWN BY 9.6%, IMPORTS BY 17.6% IN APRIL-JANUARY 2010-11 OVER CORRESPONDING PERIOD LAST YEAR

INDIAN ECONOMY EXPECTED TO GROW AT 9%  IN 2011-12.

Budget Analysis 2010-11

INDIA BUDGET 2010-11
HIGHLIGHT

THE TOTAL EXPENDITURE PROPOSED IN THE BUDGET ESTIMATES IS RS.11,08,749 CRORE , AN INCREASE OF 8.6 PER CENT OVER LAST YEAR

THE PLAN AND NON-PLAN EXPENDITURE ESTIMATED AT RS.3,73,092 CRORE AND RS.7,35,657 CRORE RESPECTIVELY, AN INCREASE OF 15 PERCENT IN PLAN EXPENDITURE AND 6 PER CENT IN NON-PLAN EXPENDITURE OVER THE BE OF PREVIOUS YEAR

FISCAL DEFICIT  AT  5.5 PER CENT OF GDP WORKS OUT TO BE RS. 3,81,408 CRORE
ROLLING TARGETS FOR FISCAL DEFICIT  PEGGED AT 4.8 PER CENT AND 4.1 PER CENT  FOR 2011-12 AND 2012-13

NET MARKET BORROWING WOULD BE OF THE ORDER OF RS. 3,45,010 CRORE  LEAVING ENOUGH SPACE TO MEET CREDIT  NEEDS OF PRIVATE SECTOR
AGAINST A FISCAL DEFICIT OF 7.8 PER CENT IN 2008-09 , INCLUSIVE OF OIL AND  FERTILIZER BONDS, THE COMPARABLE FISCAL DEFICIT IS 6.9 PER CENT  AS PER RE 2009-10

GROSS TAX RECEIPTS ESTIMATED AT RS.7,46,651 CRORE AND NON-TAX RECEIPT ESTIMATED AT RS. 1,48,118  CRORE

Bank P O's

1. Which of the following statement (s) reflects India's stand on new World Trade Organization's proposal on the issue of the subsidy to agro products ?

(1) India would protect the interest of its poor farmers who can not bear the burden of the cost of the products if they have to sell them on cheaper rate.
(2) Indian industry needs more flexibility as compared to the industry in developed countries.
(3) WTO has set up a new committee under the chairmanship of Putin of Russia to look into the issue of subsidy and find out a solution to the problem acceptable to all the parties.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Both 1 & 2
(E) None of these
ANS (A)
2. Which of the following statement (s) is / are true about the 11th five year plan of India ?
(1) The highest priority is given to exports ,education and development of steel sector.
(2) The plan aims at achieving the growth at 10 % level by the end of the plan.
(3) The Rashtriya Krishi Vikas Yojana is revived in such a way so that it can be achieve a growth nof 4 % for agriculture sector.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Both 1 & 2
(E) None of these
ANS (D)
3. As per the figures released recently the Stock markets in emerging economies made handsome returns last year (2007-08). Which of the following stock markets amongst the BRIC nations registered highest increased (97 %) compared to its performance in 2006-07 ?
(A) Cina
(B) Brazil
(C) Russia
(D) India
(E) None of these
ANS (D)
4. Bayana which was in news recently is a place in -
(A) Uttar Pradseh
(B) Madhya Pradseh
(C) Bihar
(D) Haryana
(E) Rajasthan
ANS (E)
5. Which of the following statement (s) is / are correct about the Indo-Russia Bilateral Defence Ties ?
(1) Both the countries have decided to produce a fifth generation fighter aircraft and a multi role cargo plane.
(2) India has agreed to launch Russian missiles from its base at Chandipur incase some other nation attacks on Russia
(3) India and Russia were able to sort out differences over the utilization of Rupee debt fund which is of Rs. 8000 Crore at present.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Both 1 & 3 only
(E) None of these
ANS (A)