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4^{-1}\times 4+2\times 4^{-2}
To multiply powers of the same base, add their exponents. Add 2011 and -2012 to get -1.
1+2\times 4^{-2}
Multiply 4^{-1} and 4 to get 1.
1+2\times \frac{1}{16}
Calculate 4 to the power of -2 and get \frac{1}{16}.
1+\frac{1}{8}
Multiply 2 and \frac{1}{16} to get \frac{1}{8}.
\frac{9}{8}
Add 1 and \frac{1}{8} to get \frac{9}{8}.