Economy Current Affairs
August 4th Week 2015
Category : Economy Current Affairs
posted Date :
Total No.of views :
Total No.of Comments :
0 / 5 (0 votes)

 1)   Who among the following has been awarded by Poland with Human rights prize ?

 Ans : (1)
1. Zhanna Nemtsova
2. Zaband dek
3. Njama skoko
4. Sdumat mkoko
5. None

Explanation:  Poland has awarded the journalist daughter of slain Russian democracy advocate and opposition leader Boris Nemtsov a 1.1 million dollars human rights prize in recognition of the duo`s advocacy. Zhanna Nemtsova accepted the Solidarity award in Warsaw, in ceremonies presided over by President Bronislaw Komorowski and Polish human rights icon Lech Walesa. Nemtsova, who left Russia after her father`s assassination, now works for German broadcaster Deutsche Welle in Berlin

2)   Niloy neel, an atheist was killed recently. He belongs to ____

 Ans : (5)
1. Iraq
2. Syria
3. Srilanka
4. Israel
5. Bangladesh

Explanation: A Bangladeshi blogger known for his atheist views has been hacked to death by a gang armed with machetes in the capital Dhaka, police say. Niloy Neel was attacked at his home in the city`s Goran area. He is the fourth secularist blogger to have been killed this year by suspected Islamist militants in Bangladesh

3)   Ramnath Kovind is the new Governor of ____

 Ans : (3)
1. Uttar Pradesh
2. Himachal Pradesh
3. Bihar
4. Maharashtra
5. Asom

Explanation: President appoints Ram Nath Kovind as Governor of Bihar and Acharya Dev Vrat as Governor of Himachal Pradesh. Kovind, who had been a two-time Rajya Sabha member between 1994 and 2006, hails from Kanpur in Uttar Pradesh. His appointment comes barely a few months ahead of the Assembly elections due in Bihar. Educationist Acharya Dev Vrat was appointed as Governors of Himachal Pradesh. Vrat imparts modern and traditional education through a `gurukul` in Haryana`s Kurukshetra

4)   This year, Rajiv Gandhi Khel Ratna award was given to ? 

Ans : (4)
1. Saina Sehwal
2. Rohit Sharma
3. Kadambari Srikanth
4. Sania Mirza
5. None

Explanation: The prestigious Rajiv Gandhi Khel Ratna award for the 2015 will be given to Tennis star Sania Mirza. The announcement was made by Ministry of Sports in New Delhi on 14th August. The Ministry also announced the Arjuna Award for 17 sports persons. The awardees are Naib Subedar Sandeep Kumar for Archery, M.R. Poovamma(Athletics), Kidambi Srikanth (Badminton), Mandeep Jangra (Boxing), Rohit Sharma (Cricket), Dipa Karmakar(Gymnastics), Sreejesh P.R. (Hockey), Manjeet Chhillar and Abhilasha Shashikant Mhatre (Kabaddi), Sawarn Singh (Rowing), Anup Kumar Yama (Roller Skating), Jitu Rai (Shooting), S. Sathish Kumar (Weightlifting), Bajrang and Babita Kumari (Wrestling), Yumnam Sanathoi Devi for Wushu and Sharath M. Gayakwad for Para-Swimming. Rajiv Gandhi Khel Ratna Awardee will receive medal, certificate and an award money of Rs 7.5 lakh. Arjuna Awardees will receive statuettes, certificates and award money of Rs 5 lakh each

5)   Who got first APJ Abdul Kalam Award ?

 Ans : (2)
1. Kasturu Rangan
2. Valarmathi
3. Satish Reddy
4. Radha Krishnan
5. Arvind suri

Explanation: Tamilnadu Chief Minister Jayalalithaa, on presented the first APJ Abdul Kalam award to Indian Space Research Organisation (ISRO) scientist N. Valarmathi, who led the team that successfully launched Radar Imaging Satellite RISAT-1 in 2012. Daughter of a government employee from Ariyalur, Ms. Valarmathi was presented a certificate, a cheque for Rs. 5 lakh and an eight-gram gold coin atthe Independence Day function at Fort St. George. The award was announced by Ms. Jayalalithaa in memory of former President A.P.J. Abdul Kalam, who passed away last month. The RISAT-1 was the pinnacle of her career which has spanned over 30 years. A technologically superior imaging satellite, RISAT-1 had instruments such as the Synthetic Aperture Radar that could look through clouds and take images even during the night. The Kalpana Chawla award for courage and daring enterprise was awarded to Jothimani from Erode, a lorry driver. A vocation dominated by men, Ms. Jothimani, hailing from Kallipatti village in Gobichettipalayam, said her work involved driving heavy 10-wheeler lorries for long hours

6)   OP Rawat has been appointed as new ____

 Ans : (3)
1. Member of Finance Commission
2. Judge of Supreme court
3. Election Commissioner
4. Chief Election Commissioner
5. Chairman of Human Rights Commission

Explanation: Om Prakash Rawat was 13th August appointed as the new Election Commissioner. Om Prakash Rawat, a 1977 batch Madhya Pradesh cadre IAS officer appointed as new Election Commissioner. With Rawat`s appointment, the sole vacancy in the three-member poll body has been filled. His appointment comes days before the poll watchdog takes a call on announcing the schedule for Bihar assembly polls. Rawat will have a tenure of more than three years which will end in December, 2018. He had retired from government service in December last year. An EC or a CEC has a tenure of six years in office or till he or she attains the age of 65 years, whichever is earlier.

7)   OP Munjal is associated with ____

 Ans : (1)
1. Hero cycles
2. Godrej Refrigerators
3. Computers
4. TVs
5. None

Explanation: Om Prakash Munjal, the founder of hero cycles passed away on 13th August. He was the world`s largest cycle maker, and almost every second cycle sold in the country sported the Hero badge. He also sold components to BMW for its bikes , and had plans to expand abroad. Munjal dabbled in two-wheelers also, first in 1988 with the Hero Puch rage of mini-motorcycles and then in the 1990s with BMW superbikes. While fuel efficient bikes, including those made by Hero MotoCorp (then called Hero Honda), clobbered Hero Puch, regulatory hassles ruined the BMW gamble. The Foreign Investment Promotion Board had ruled that Hero Motors would have to offset the foreign exchange spent on the import of the BMW superbikes with equivalent exports, and Hero Motors found it difficult to do those exports. The BMW superbikes were perhaps ahead of their time. Sales were abysmal and the partnership was called off. But the relationship survived, as evidenced in Hero Motors` deal to supply components to BMW more than a decade later.

8)   Who is the new Chairman of Public Enterprises Selection Board ? 

Ans : (4)
1. Mrunal sinha
2. Satyander kohs
3. Ram dingra
4. Ajit Kumar seth
5. Praveen mukku

Explanation: Former Cabinet Secretary Ajit Kumar Seth was on 14th August appointed as the chairman of the Public Enterprises Selection Board (PESB), the government’s head-hunter. The PESB is entrusted with the selection and placement of chairman, managing director or chairman-cum-managing director and functional director in Central public sector enterprises, among others. He has been appointed for a period of three years or till he attains 65 years of age, said the order issued by the Department of Personnel and Training. Seth, a 1974-batch IAS officer of Uttar Pradesh cadre, has been appointed in place of Atul Chaturvedi, who has completed his tenure. Also, IAS officers Gauri Kumar and Anshuman Das, former CMD of NALCO, have been appointed as members in the PESB. Ms. Kumar, will be replacing K.M. Acharya, a 1974-batch former IAS officer of Madhya Pradesh cadre, who has completed his tenure. Mr. Das has been appointed in place of Ashwani Kumar Datt.

9)   According to Women and Child Development Ministry, in which of the following places, 100% Anganwadi Centres have toilets ?

 Ans : (5)
1. Delhi
2. Chandigarh, Nagaland
3. Uttarkhand
4. Lakshadweep
5. All the above

Explanation: According to Women and Child Development Ministry, less than fifty per cent of the Anganwadi Centers in the country have toilets. The data provided by the Ministry shows that out of around 12 lakh 74 thousand Anganwadi Centers only around 6 lakh 29 thousand Centers have toilets. The Ministry said more than 20,000 were built under Swachh Bharat Mission over the past one year. Delhi, Chandigarh, Lakshadweep, Uttrakhand and Nagaland have Anganwadi Centers with hundred percent toilets facilities. According to state-wise data, there are 12 states where less than 50 per cent of Anganwadi Centers have toilets. These include Andhra Pradesh, Telangana, Bihar, Chhattisgarh, Jammu and Kashmir, Jharkhand, Karnataka, Madhya Pradesh, Manipur, Odhisha, Rajasthan and West Bengal.

10)       Recently Union government, has signed a peace agreement with NSCN (I-M). It belongs to which of the following states ? 

Ans : (4)
1. Tripura
2. Mizoram
3. Manipur
4. Nagaland
5. Arunachal Pradesh

Explanation: Centre on 3rd August signed a landmark peace accord with National Socialist Council of Nagaland (Isak-Muivah) at the residence of Prime Minister Narendra Modi in New Delhi. The group, in India`s north-east, have been fighting for more than 60 years. The details of the accord were not released by the government, and there is no clarity on the “sovereignty clause,” being demanded by the insurgent group. Besides the IM faction, there are two more groups — Khole-Kitovi (KK) and Reformation (R) — which were not part of the accord.They have signed a ceasefire agreement with the government till April 27, 2016. R.N. Ravi, the Naga interlocutor, signed the accord with the NSCN-IM at a much publicised ceremony at Prime Minister Narendra Modi’s residence. Besides Mr. Modi, Home Minister Rajnath Singh and National Security Adviser Ajit Doval were present. The deal involves creating a mechanism which would create institutions allowing autonomy to Naga tribes living across the border in Manipur. Negotiators had agreed to set up a mechanism to discuss decommissioning of arms now held by the NSCN (IM), the National Socialist Council of Nagaland’s Thuingaleng Muviah and Isak Chisi Swu-led faction, the largest of the Naga insurgent groups. The group had been arguing in talks that it needed to retain its weapons to ward off attacks from rival NSCN factions led by Myanmar-based SS Khaplang and Khole Konyak . The agreement was the culmination of over 80 rounds of negotiations spanning 16 years, with the first breakthrough coming in 1997 when a ceasefire agreement was sealed.

 1)   Name the state which has launched Onion Mission ?

 Ans : (1)
1. Gujarat
2. Maharashtra
3. Odisha
4. Andhra Pradesh
5. Kerala

Explanation: The Odisha government has decided to launch `Onion Mission` in the state. The government will implement ‘Onion Mission’ in order to rein in the exorbitant price of onion in the state. The government will set up 300 cold storage centres across Odisha in which about 25 lakh tonne of onion can be stored that will help in containing the price rise of onion.

2)   Recently Union Rural Development Minister launched ‘Samanvay’. It is a programme of…? 

Ans : (1)
1. Compilation of all schemes of central and State governments for Gram panchayats
2. Compilation of all trade policies
3. New scheme for increasing exports from rural areas
4. New agricultural mission, to integrate all agricultural fields in country
5. None

Explanation: Rural Development Minister Chaudhary Birender Singh on 4th August launched SAMANVAY, a compilation of all schemes of both Central and State governments for Gram Panchayats. The purpose behind bringing out SAMANVAY is to help MPs in utilising relevant schemes in the planning and implementation of Saansad Adarsh Gram Yojana. More than 1800 state schemes from across all states have been documented in SAMANVAY. The Minister also launched `Panchayat Darpan` magazine to monitor the progress of the Saansad Adarsh Gram Yojana. It will act as a mirror of all the development activities in the village panchayats. Saansad Adarsh Gram Yojana was launched in October last year under which MPs are to develop three Adarsh Gram Panchayats by 2019. The objective of the programme is to create Model Villages

3)   According to UNICEF Southern Regional Head, which of the following Indian state has all social development indices in its favour to declare it as the first child friendly state in India ?

 Ans : (5)
1. Andhra Pradesh
2. Telanagana
3. Gujarat
4. Maharasthra
5. kerala

Explanation: Kerala has all the social development indices in its favour to declare it as the first Child-friendly State in the country. This was stated in Thiruvananthapuram on 5th August by UNICEF Southern Regional Head Job Zachariah. According to Job Zachariah UNICEF has made this assessment, based on the remarkable strides Kerala has made in the field of education, health and hygiene, sanitation, cleanliness and safe drinking water supply.

4)   To help which of the following, Union government has recently launched three websites ?

 Ans : (3)
1. Business persons
2. Unemployed
3. Farmers
5. None

Explanation: The Government has recently launched three web portals for the benefit of farmers. These web portals are: Participatory Guarantee System-India (PGS-India), Fertilizer Quality Control System (FQCS) and Soil Health Card (SHC). PGS-India portal: PGS is a process of certifying organic products in accordance with the laid down standards and with active participation of stakeholders including producers/farmers, traders and consumers in the certification system. The PGS-India portal is a web based application having online facility for (i) Registration (ii) Approval (iii) Documentation (iv) Record of inspection and (v) Certification. It can be accessed at the URL Fertilizer Quality Control System (FQCS) portal: The FQCS portal is a web based and configurable workflow application developed for processing of fertiliser sample collection, testing and generation of analysis reports. It can be accessed at the URL Soil Health Card (SHC) portal: The SHC portal is a web based workflow application with following major modules; (i) Soil Samples Registration (ii) Test Result Entry by Soil Testing Labs (iii) Fertilizer Recommendations based on STCR and GFR (iv) Soil Health Card generation along with Fertilizer Recommendation and micronutrient suggestions (v) MIS module for monitoring progress. It can be accessed at the URL PGS-India and Soil Health Card (SHC) portals are web based applications available in the public domain. The information on the portals, which is relevant to the farmers, can be accessed by them. Fertilizer Quality Control System (FQCS) portal is for official use by the fertilizer quality control laboratories.

5)   Which of the following is the first in India to launch 4G services ?

 Ans : (2)
1. Vodafone
2. Airtel
4. Aircel
5. Uninor

Explanation: The world’s third-largest telecom operator, Bharti Airtel, on 6th August became the first to launch 4G services in 296 towns across the country. This follows successful trials in select cities and feedback from customers, the company said. Leading the charge, Airtel had launched the country’s first 4G (also called LTE) network in Kolkata in April 2012. Airtel 4G is available across a range of smart devices such as mobile phones, dongles, 4G hotspots, and Wi-Fi dongles. Apart from the classics, the company is offering videos of Hollywood and Bollywood hits. Users can create their own list of favourite movies and download video content to watch offline anytime, anywhere. Videos can also be paused anytime and users can watch them later. The app will allow multi-device access (up to five) with a single login, the company said.

6)   Under Swatch Bharat, which city has emerged as cleanest city in India ? 

Ans : (4)
1. Pune
2. Gandhi Nagar
3. Varanasi
4. Mysuru
5. Bangalore

Explanation: Mysuru city is emerging as the cleanest city in the country under Swachh Bharat. It was ranked number 1 out of 476 towns and cities across the country in terms of total sanitation practices, extent of open defecation, solid waste management, water treatment etc. Besides Mysuru, Mandya, Hassan and Bengaluru also figure in the top 10 cities of India in the rankings. The Union Ministry of Urban Development surveyed 476 towns and cities for total sanitation practices covering a set of parameters, including the extent of open defecation, solid waste management, waste water treatment, drinking water quality, surface water quality etc. With broad gauge track doubling work between Mysuru and Bengaluru slated to finish by late December 2015 or early 2016 the commuting time is set to decrease which can lure builders to focus on Mysuru and market it as a second-home destination with clean city as one of its USPs, according to stakeholders.

7)   Union Government has recently launched Nai Manzil for welfare of…?

 Ans : (1)
1. Minorities
2. Scheduled Tribes
3. Scheduled Castes
4. OBC
5. Poor in Other castes

Explanation: The Union Minority Affairs Minister Dr. Najma Heptullah on 7th August launched ambitious scheme Nai Manzil for minorities. This scheme is a bridge course to bridge the academic and skill development gaps of the deeni Madrasa passouts with their mainstream counterparts. This scheme is beneficial for minority dominated areas specially, Bihar and UP where most of the minority concentrated blocks are in these two states. The idea behind the new scheme is to help the students assimilate with their mainstream counterparts. According to Government estimates, there are at least three lakh madrasas across the country. With an average of 100 students passing out of each madrasa every year, there are at least three crore new passouts.

8)   In which of the following state, a resolution passed against death penalty ?

 Ans : (5)
1. Karnataka
2. J & K
3. Kerala
4. Manipur
5. Tripura

Explanation: Tripura legislative assembly on 7 August 2015 passed a resolution against the death penalty. The resolution moved by Congress MLA Jitendra Sarkar requested the Union government to amend the Section 302 of the Indian Penal Code (IPC) and replace it with life sentence unto death. The resolution passed is apparently the fallout of recent hanging of Yakub Memon, prime accused in 1993 Mumbai serial blasts. The adopted resolution would now be sent to Union government and the Law Commission for consideration. In India, as per Supreme Court directive, death penalty is given in "rarest of the rare case" and President under Article 72 is constitutionally empowered to grant pardons, reprieves, respites or remissions of death sentence. In 2103, 72 new death sentences were known to have been imposed in 2013 and at least 400 people were believed to be on death row at the end of the year 2013. Worldwide, over 2/3rd countries of the world have completely abolished death penalty. 97 countries of the world have abolished death penalty for all the crimes.

9)   Filipe Nyusi, who recently visited India is the President of ____

 Ans : (4)
1. Fiji
2. Azarbaizan
3. Croatia
4. Mozambique
5. El-salvador

Explanation: India and Mozambique on 5th August agreed to deepen cooperation in New and Renewable Energy. The two sides signed an MoU on expanding cooperation in energy sector. The visiting President of Mozambique, Prime Minister Narendra Modi said new and renewable energy is an important area for sustainable development. He said Africa and the Indian Ocean are among the highest priorities for India`s foreign policy and Mozambique is crucial for both. The Prime Minister said Mozambique can be a large and a proximate source of natural gas, coal and other minerals to meet India`s energy security. Both leaders discussed ways to intensify cooperation in maritime security and ocean economy as they have large coastlines and are linked by Indian Ocean. Calling the discussions fruitful and positive, Mozambique President Filipe Nyusi said it was decided to enhance cooperation in a number of areas including oil and gas and that Indian companies will be welcomed for more investment in his country. A high-level delegation, including the Ministers of Foreign Affairs, Minerals and Energy, Agriculture, Transportation and Communications and Interior are accompanying the visiting President besides senior officials and a business delegation.

10)       In which city, commonwealth Parliamentary Conference will be held In September, 2015 ? 

Ans : (3)
1. Colombo
2. Dhaka
3. Islamabad
4. New Delhi
5. Tokyo

Explanation: India on 7 August 2015 decided to boycott the 61st Commonwealth Parliamentary Conference which is slated to be held in Islamabad, Pakistan from 30 September to 8 October 2015. The unanimous decision to boycott the meeting was taken after the conclusion of the meeting of the Speakers of all State Legislative Assemblies that was called in New Delhi. The meeting was called to discuss the Pakistan`s deliberate decision to not invite the Speaker of Jammu and Kashmir (J&K) Kavinder Gupta. India protested the unilateral decision of Pakistan saying that by not inviting J&K speaker, it is violating the Commonwealth Parliamentary Association (CPA) constitution and was against the guiding principles of the Commonwealth of promotion of international understanding, world peace and democratic governance

 1)   In which country India is going to set up CESDT ? 

Ans : (1)
1. Myanmar
2. Srilanka
3. Nepal
4. Maldives
5. Nigeria

Explanation: India and Myanmar on 6 August 2015 inked an agreement to set up Centre of Excellence in Software Development and Training (CESDT) in Myanmar. The project to be set up with the financial support through ASEAN-India Cooperation fund will be implemented by C-DAC. The project envisages setting up of a state of the art Information and Communication Technology Centre, imparting intensive teachers training, extending support for ICT curriculum development, and will be accredited as an authorized Centre of C-DAC. The agreement was signed in Kuala Lumpur, Malaysia during the visit of Minister of State for External Affairs of India Gen (Retd) VK Singh. Singh was in Malaysia to attend the ASEAN-India Foreign Ministers` Meet.

2)   Which state High court, has banned Santhara ritual in Jain Community? 

Ans : (2)
1. New Delhi
2. Rajasthan
3. Guwahati
4. Allahabad
5. Lucknow

Explanation: Rajasthan High Court on 10th August banned the Santhara ritual prevailing in the Jain Community. Pronouncing its judgment, the court considered it a criminal act amounting to suicide and directed to register cases under section 306 of IPC. The Court banned this ritual, following a Public Interest Litigation filed by human rights activist a decade ago, claiming that the ritual is a social evil and should be considered as a suicide. The ancient ritual, also called Sallekhana, is the voluntary starvation to embrace death.

3)   In which country India is going to set up Skill Development Centre in Agriculture? 

Ans : (3)
1. Nepal
2. Bhutan
3. Srilanka
4. South Africa
5. China

Explanation: India will establish a Centre for Skill Development for the Faculty of Agriculture at the Kilinochchi Campus of Jaffna University in Northern Province of Sri Lanka. Following competitive bidding, the contract to construct the building complex was awarded to a private company in the presence of Indian High Commissioner Mr. Y.K. Sinha, Sri Lanka’s Secretary of Higher Education Mr. P. Ranepura and Vice Chancellor of Jaffna University Prof. Vasanthy Arasaratnam in Colombo. The project, that is a part of India’s development partnership with Sri Lanka, will cost 15 crore rupees. It includes construction of building, supply of equipment and furniture, training and curriculum development. The project is a result of India’s commitment towards capacity building in the Tamil majority Northern Province that was devastated by a 30 year long war between LTTE militants and the Sri Lankan security forces

4)   In which field, Railways and Power Ministry signed an agreement for cooperation ? 

Ans : (4)
1. Electricity transmission
2. Energy conservation
3. Promotion of renewable energy
4. All the above
5. None of these

Explanation: Railway Ministry on 12th August signed four MoUs with Power Ministry for cooperation in the areas of electricity transmission, energy conservation and promotion of renewable energy in a time bound manner. This will pave way for efficient and reliable utilization of resources in the power sector and also in renewable energy sector for making it possible for the railway to take benefits of various development taking place in the power sector. According to Railway Minister Mr Sureshy Prabhu, in the coming years, Railways will become the largest producer of renewable energy.

 25) India has decided to construct a petroleum products pipeline from Raxaul in India to Amlekhgunj of ____

Ans : (4)
1. Bangladesh
2. Bhutan
3. Myanmar
4. Nepal
5. Pakistan

Explanation: Union Cabinet on 12th August approved the Memorandum of Understanding between India and Nepal for construction of petroleum products pipeline from Raxaul in India to Amlekhgunj in Nepal. The MoU will promote bilateral cooperation in the oil and gas sector and secure long term supply of petroleum products to Nepal. It will also help to preserve the environment along the route and decongest the international border at Raxaul. On behalf of Indian Government, the Indian Oil Corporation (IOC) has been entrusted with the job of construction of the pipeline and re-engineering of the Amlekhgunj Depot and allied facilities. In the first phase, a petroleum products pipeline from Raxaul to Amlekhgunj will be constructed by IOC at a cost of 200 crore rupees.