Many a times we read in the newspapers a term ‘Hot Money’ Which of the following is the correct definition of Hot Money?

1. This is the fund which is dumped into a country to get the advantage of a
favorable interest rate and hence brings higher returns.
2. This is the fund which is provided by a bank in US $ at very short notice and at a
very high rate of interest and for a longer period of repayment.
3. This is the fund which is pushed into market through Hawala or some other such
illegal methods and sometimes referred also as Black Money.

Answer
1 Both 1 and 3 are true
2 Only 2 is correct
3 Both 1 and 2 are correct
4 Only 1 is correct (Correct Answer)
5 Only 3 is correct

Which of the following Companies has got “Navratna Status’ recently?

Answer
1 Maruti Udyog Ltd
2 None of these
3 National Mineral Development Corporation (NMDC) (Correct Answer) Solution : National Mineral Development Corporation (NMDC) a public sector company won assigned the status of a Navratna Company in January 2008.
4 National Textile Corporation (NTC)
5 IDBI Bank Ltd

As per the new figures released by the Govt. agencies the Foreign Direct Investment inflow to India is at higher level and has increased substantially in recent past.
Which of the following is/ are the contributory factors which has/ have helped in this
record growth?
1. Progressive delicensing of various sectors.
2. Simplification of business procedures in India.
3. Sub Prime crisis in USA.

Answer
1 All 1,2 and 3
2 Only 1
3 Only 2 (Correct Answer)
4 Both 1 and 2
5 Only 3