Economic News for IBPS PO EXAM 2012 (General Awareness )

1.Revised Rate of RBI

A. Bank Rate -9% (Decreased 50 basis point in April 2012)

B. Cash Reserve Ratio - 4.75% (Decreased 75 basis point in March 2012)

C. Statutory Liquidity Ratio - 24% (Unchanged)

D. Repo Rate - 8% (Decreased 50 basis point in April 2012)

E. Reverse Repo Rate - 7% (Decreased 50 basis point in April 2012)

F. Marginal Standing Facility Rate - 9% (Decreased 50 basis point in April 2012)

G. Growth Rate of GDP (2010-11) - 8.4%

2. Growth Rate of GDP (2011-12) - 6.9%

A. Agriculture sector - 2.5% 

b. manufacturing sector - 3.9%

C. service sector - 11.2%

3. Target for Growth Rate of GDP (2012-13)

A. Budget - 7.6%

B. Monetary policy - 7.3%

C. United Nation - 7.5%

D. OECD - 7.5% in 2013

4. Inflation rate -

A. Whole price index - April - 7.23%, March - 6.89%

B. Consumer Price index - April 10.36%, March - 9.38%

5. Per capita income (2011-12) per year

A. At constant prices (2004-05) - Rs.38,005

B. At current prices - Rs. 60,972.

6. Per capita income (2010-11) per year

A. At constant prices (2004-05) - Rs. 35,993

B. At current prices - Rs. 53,331.

7. 12th Five Year Plan (2012-17)

A. Theme - Faster, sustainable and more inclusive growth

B. $ 1 trillion (50 Lakh Crore Rs.) investments in Infrastructure in which USD 500 billion will be met by private sector.

C. 9 - 9.5% GDP growth

D. 4% agriculture growth

E. Literacy rate - 100%

F. Extra Power generation capacity - 76000 MW

8. 11th Five year plan recorded 8.2% GDP Growth. Agriculture growth 3.3%

9. Power generation capacity in India now more than 2, 00,000 MW. In 11th Five year plan 54,964 MW capacities added.

10. The Micro Finance Institutions (Development and Regulation) Bill, 2012

A. RBI has regulatory power to fix the maximum interest rates that MFIs can charge and also decide on the fair and reasonable method of loan recovery.

B. MFIs have to register in RBI

C. Net worth of MFIs 5 Lac Rs

D. Micro Finance Development council will be set up e. Loan to MFIs will be consider in priority lending sector for bank 11. In 2011-12 => Import - $488.6 billion (32% Increased) Export - $303.7 billion (21% Increased) Trade deficit -$184.9 billion

Note : Some Economy Rates Topics For Upcoming IBPS PO exam on 17 June 2012.  Exam Economy Based Questions  weight age is there in General Awareness So Concentrate Above Rates and Policy it maybe Useful ..Found any Changes Comment Here To Update ..

All the Best In Advance for IBPS Aspirants