Economy Current Affairs
August 3rd Week 2015 current affairs
Category : Economy Current Affairs
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1)   Who among the following launched the application called SAFAR-AIR to enhance public awareness on the hazards of air pollution?

Ans : (1)
4. Survey of India
5. None

Explanation: The application provides site-specific information on air quality and the weather forecast for the next 24 hours in Delhi, Pune and Mumbai.

 2) How much increase is now observed in the countrys forest cover?

 Ans : (2)
1. 2435 sq km
2. 5871 sq km
3. 2399 sq km
4. 3741 sq km
5. 3700 Sq Km

Explanation: TQuoting the latest report on the state of forests in India, Environment and Forest Minister Prakash Javadekar on 30th July15 said that the total forest cover in the country is 697,898 square kilometres which is over 21 per cent of its total geographical area. Among the metropolitan cities, Delhi tops with 180 square kilometres of forests followed by Bengaluru with 97 square kilometres, Hyderabad with 88 square kilometres. Mumbai has over 86 square kilometres of forest area while Chandigarhs forest cover stands at 34 square kilometres.


2)   India has given a grant of how many U.S. dollars to the Satyajit Ray Film and Study Centre for conducting lectures, workshops and film screenings in USA? 

Ans : (2)
1. 25,000
2. 50,000
3. 60000
4. 70000
5. 80000

Explanation: India has given a grant of $50,000 to the Satyajit Ray Film and Study Centre at the University of California, Santa Cruz, USA for conducting lectures, workshops and film screenings. Likewise, the Carnegie Endowment for International Peace, Washington, D.C. has been given 70,000 U.S. dollars to support a lecture series on rising India. External Affairs Minister Sushma Swaraj gave this information in the Rajya Sabha on 30th July 15.

3)   The population of India is expected to surpass that of which country in 7 years?

 Ans : (3)
1. Japan
2. USA
3. China
4. England
5. South Korea

Explanation: As per the `World Population Prospects: The 2015 Revision` launched at the UN Headquarters in New York on 29th July 15, The `World Population Prospects: The 2015 Revision` launched at the UN Headquarters in New York yesterday projected that within seven years, the population of India is expected to surpass that of China. Currently, the population of China is approximately 1. 38 billion compared with 1.31 billion in India. Around and after 2022, India`s population is projected to continue growing for several decades to 1.5 billion in 2030 and 1.7 billion in 2050, while the population of China is expected to remain fairly constant until the 2030s, after which it is expected to slightly decrease. According to the forecast issued in 2013, India was expected to surpass China`s population by 2028 but the latest report predicts that India will overtake its Asian rival six years early by 2022.


4)   Komen Cyclone storm hit which country coast resulting into high alert in West Bengal and Odisha?

 Ans : (4)
1. Srilanka
2. Bhutan

3. Bangladesh
4. Nepal
5. None

Explanation: Cyclonic storm named Komen over the northeast Bay of Bengal is moving northwestwards. Met department said the cyclonic storm has made landfall and is in the process of crossing Bangladesh coast between Hatia and Sandwip. Northern part of the cloud band already lies over land.


5)   Komen Cyclone storm hit which country coast resulting into high alert in West Bengal and Odisha? 

Ans : (4)
1. Srilanka
2. Bhutan

3. Bangladesh
4. Nepal
5. None

Explanation: Cyclonic storm named Komen over the northeast Bay of Bengal is moving northwestwards. Met department said the cyclonic storm has made landfall and is in the process of crossing Bangladesh coast between Hatia and Sandwip. Northern part of the cloud band already lies over land.


6) Anuradha Roy is the author of the book Sleeping on……….?

 Ans : (2)
1. Mars
2. Jupiter
3. Saturn
4. Earth
5. Venus

Explanation: It is shortlisted for the Man Booker Prize 2015. The book is based on the malaise of sexual abuse in India.

 7) Pay tm is the online payment site won the sponsorship rights of Board of Control for Cricket in India for Rs. How much crore? 

Ans : (3)
1. 201
2. 202
3. 203
4. 204
5. 205

Explanation: Pay tm is an Indian e-commerce shopping website launched in 2010, owned by One97 Communications which initially focused on Mobile and DTH Recharging. The company is headquartered in Noida, India.


 8) By which among the following project union ministry is going to bring into net black money hoarders and tax evaders by using optimum technology? 

Ans : (1)
1. Project Insight
2. Project Black Money
3. Project Money Laundering
4. Project Monitoring
5. None

Explanation: For this project ministry recently floated a tender worth over Rs. 150 crore to buy data analytics software and related infrastructure. It will primarily track the Permanent Account Numbers (PAN) being quoted on financial transactions and tally them with income tax filings.


 9) How much percent of FDI equity inflows rise during April-May15 period? 

Ans : (1)
1. 40%
2. 60%
3. 34%
4. 12%
5. 38%

Explanation: In the first two months of the current fiscal - April to May 2015, the FDI equity flow was 7.4 billion U.S. dollars, an increase of 40 per cent as compare to 5.3 billion U.S. dollars received during the same period in April-May 2014.

 10) The maximum equity flows came into which country from Mauritius during 2014-15?

 Ans : (3)
1. China
2. Japan
3. India
4. Srilanka
5. USA

Explanation: The top ten countries from where the equity flows came are Mauritius, Japan, USA, Germany, France, Russia, China, South Korea, Canada and Australia.

  11) Which state attracted maximum FDI flows during 2014-15?

 Ans : (2)
1. Bihar
2. Delhi NCR
3. Kerala
4. Gujarath
5. Telengana

Explanation: The top five states to attract FDI flows in 2014-15 were Delhi NCR, Maharashtra, Karnataka, Tamil Nadu, Karnataka and Gujarat.


 12) The broking and trading company was acquired by ………….? 

Ans : 2)
2. BNP Paribas
3. Deutsche Bank
4. ING Vysya
5. Axis bank

Explanation: Mumbai based Sharekhan has been valued at Rs. 2200 Crore


 13) Rceently, Maharashtra govt. announced construction of how many kms Nagpur-Mumbai expressway, which will also be known as Communication Super Express way?

 Ans : (1)
1. 800
2. 700
3. 600
4. 500
5. 400

Explanation: This project would be completed in coming five years and the travel time between the state capital and second capital would be brought down from 14 hours to 10 hours. This super-expressway will become a road to development for the backwards regions of northern Maharashtra, Marathwada and Vidarbha in the state.


 14) Which Martyrdom Day of Shaheed Udham Singh was observed on 31st July 15?

 Ans : (3)
1. 60th
2. 34th
3. 75th
4. 50th
5. 89th

Explanation: Udham Singh was a revolutionary and a brave hearted man known for assassinating Michael O`Dwyer on 13 March 1940 avenging the Jallianwalla Bagh Massacre. He was in Jallian wala Bagh and had seen the massacre. On July 31st 1940 he was hanged in England.


15) The integrated underwater harbour defence and surveillance system was commissioned recently to strengthen security in the western coastline at which city? 

Ans : (2)
1. Chennai
2. Kochi
3. Puducherry
4. Kachh
5. Tirucchi

Explanation: According to Defence sources, this system is first of its kind in the country and also part of Navy s initiative to strengthen coastal security. The system is capable of detecting, identifying, tracking and generating warning for all types of surface and underwater threats to harbour security. It was designed by Israel Aerospace Industries and consists of advance coastal surveillance radars, sensors and sound navigation and ranging systems. Presence of divers and under water threats could be detected with the help of this automatic system. Such a system is fitted in over 150 locations across the world. Kochi is the first harbour in the country to commission this integrated surveillance system. It will be commissioned in other parts also in the later stage.


 16) 7th august has been declared as which Day ?

 Ans : (1)
1. National Handloom Day
2. National football Day
3. National Volley Ball day
4. National Scouts day
5. National Farmers \day

Explanation: The first National Handloom Day will be launched by Prime Minister Narendra Modi in Chennai on 7th August.


 17) India redrew maps at midnight on 1st August 2015 as 162 enclaves on the border got transferred to respective countries under the 1974 Land Boundary Agreement effected during Prime Minister`s Narendra Modi visit to Bangladesh in which month?

 Ans : (3)
1. May
2. July
3. June
4. August
5. March

Explanation: 111 Indian enclaves within Bangladesh merged with Bangladesh, and 51 Bangladeshi ones got merged with India. The transfer gave over 50,000 people citizenship of both countries, bringing them access to all legal rights and civic amenities. A joint survey conducted from 6th -16th July gave them choice to decide which country they want to live in. Those who decided to move have been promised safe and secure passage with personal belongings & movable property till November 30th this year. Ban on property sale imposed since 6th July will be lifted to allow those moving, to sell their land.


 18) According to which website , United States country has been spying on Japanese Cabinet Officials, Banks and Companies, including the Mitsubishi Conglomerate? 

Ans : (2)
1. Google
2. Wikipedia
3. Wikileaks
4. Orkut
5. Facebook

Explanation: Documents released by Wikileaks list 35 telephone numbers targeted for interception by the US National Security Agency (NSA). Wikileaks said the surveillance extends back at least eight years. Wikileaks has previously released files showing the US spied on Germany, France and Brazil - like Japan, all allies. There has been no comment from Japan on the latest claims.


 19) Name the state government that has instituted a youth award in the name of former President Dr Abdul Kalam? 

Ans : (2)
1. Kerala
2. Tamil Nadu
3. Telengana
4. Andhra Pradesh
5. Odisha

Explanation: In a statement issued in Chennai, Chief Minister J.Jayalalithaa has said the annual “Dr APJ Abdul Kalam Award” consisting 8 gram gold, Rs 5 Lakh cash and a citation would be given from this year onward on every Independence Day to a person from the state who works with exceptional merit in science, humanities and students welfare. She has also announced that Dr Kalams birthday on October 15th would be celebrated as the “Youth Revival Day”.


 20) How many women directors are there in listed companies of the country as on 27th July 15?

 Ans : (1)
1. 3785
2. 2670
3. 5994
4 1454
5. 560

Explanation: This is as per the statement made by Minister of state for Finance Jayant Singh in the Lok Sabha. The Companies Act 2013 provides that every listed company having paid up share capital of 100 crore rupees or more or turnover of 300 crore rupees or more, shall appoint at least one women director.

  21) Ravichandran Ashwin cricketer received which Award on 31st July 15? 

Ans : (2)
1. Dronacharya Award
2. Arjuna award
3. Bharath ratna
4. Padma vibhushan
5. Khel ratna

Explanation: Ashwin was not present during the Award Ceremony at Rashtrapati Bhawan on August 29, 2014 as he was a part of the India ODI team, which was touring England at that time.The bowler from Tamil Nadu has taken 124 wickets in 25 Tests, 139 in 99 ODIs and 26 wickets in 25 T20 internationals.


 22) Master Prabhroop Sekhon has clinched how many gold medals in 300 metre and 500 metre Roller Skating in the Special Olympics World Summer Games.?

 Ans : (1)
1. 2
2. 3
3. 4
4. 5
5. 1

Explanation: He belongs to Lucknow. The event is being held at Los Angeles, USA. Sekhon is a student of ASHA School in Lucknow Cantt where he was coached and selected for various camps at State and National level as one amongst the 241 participants representing India.


 23) Beijing city has won the bid to host which year Winter Olympic Games?

Ans : (2)
1. 2020

2. 2022
3. 2023
4. 2021
5. 2025

Explanation: The Chinese capital beat Almaty, Kazakhstan in a secret ballot of 85 IOC members. Now Beijing will be the first city to host both the Summer and Winter Games. Beijing successfully hosted the Summer Olympics in 2008.


 24) Kotak Bharat is the mobile banking app of Kotak Mahindra Bank (KMB) launched primarily for “un-banked” regions. The head quarters of KMB is at ……… ? 

Ans : (3)
1. Hyderabad
2. Bangalore
3. Mumbai
4. Delhi
5. Varanasi

Explanation: It is the inclusive digital banking app launched by KMB that is primarily targetted to benefit customers in the under-banked and un-banked regions, who can access its services in their preferred language. One major benefit of this app is that it requires no internet connectivity.

 25) ………………..Indian companies have been listed in the Forbes Asia Fabulous 50 companies ? 

Ans : (1)
1. 10
2. 20
3. 30
4. 40
5. 4

Explanation: Rajat Chauhan earned first-ever individual medal for India in the World Archery Championships at Copenhagen in Denmark. The compound marksman bagged a silver after going down to home favourite Stephan Hansen in the final on 31st July. The 2014 Asian Games team gold medalist Rajat Chauhan was going neck and neck till the third set when he shot a poor 8 and 9 as Hansen gained a three-point lead before wrapping up the game 147-143 in a fiercely contested individual men`s compound final.