Economy Current Affairs
current affairs april 3rd week 2015
Category : Economy Current Affairs
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 1)   Name the aircraft of the Indian Navy that crashed at sea on 25th Mar`15? 

Ans : (1) 
1. Dornier
2. Hughes 300
3. Chetak
4. Pawan Hans
5. None


Explanation:The Dornier aircraft is used for surveillance and was on routing training exercise. The actual crash site is 20 nautical miles from Karwar, Karnataka. The Naval Air Station at Goa lost radar and communication touch with the aircraft at 1 pm last night. 


 2) Recently which platform was launched by Prime Minister Narendra Modi that is a multi-purpose and multi-modal platform to address public grievances?

Ans: (2)

Explanation: Pro-Active Governance and Timely Implementation, PRAGATI. The ambitious platform also aims at monitoring and reviewing important programmes and projects of the Centre and States. The platform also offers a unique combination in the direction of cooperative federalism since it brings at one stage the Secretaries of Government of India and the Chief Secretaries of the States. From now onwards, such interaction will be held once in every month on Fourth Wednesday at 3.30 PM which will be known as PRAGATI Day.


 3) Which platform was launched by the government in association with social networking service Twitter to facilitate direct communication between leaders, government agencies and citizens?


2. Twitter Samadhan
3. Twitter Samvad
4. Social Samvad
5. Samvad samadhan

Explanation:The service was launched by Prime Minister Narendra Modi during his meeting with Twitter Chief Executive Dick Costolo in New Delhi. 


 4) Houthi rebels backed by allied army units, seized the country`s largest air base, al-Anad near Aden early on 25th mar`15 from forces loyal to President Abdrabbuh Mansour Hadi. This is in which country?

Ans: (4)


Explanation:The rebels took full control of the capital in January, placing the President under house arrest and declaring that a five-member Presidential Council would rule the country. 


 5) Name the country that has won the (WIP) Award for regional leadership in closing the gender gap in politics?


4. China

Explanation: On behalf of Prime Minister Sheikh Hasina, Minister of State for Foreign Affairs, Shahriar Alam received the award at the Women in Parliaments Summit held in Adis Ababa on 24th Mar`15. Women in Parliament Awards are given based on World Economic Forum`s Global Gender Gap Reports. Bangladesh has been placed among the top 10 countries in the world in reducing gender gap by the World Economic Forum. 


 6)In Jammu & Kashmir, Dukhtaran-e-Millat chief Aasiya Andrabi was booked under Unlawful Activities Prevention Act for allegedly hoisting which country`s flag on that country National Day? 


1. Bangladesh
2. Afghanisthan
3. Pakistan
4. Srilanka
5. UAE

Explanation:The case against Andrabi has been registered at Nowhatta Police station under Section 13 of Unlawful Activities Prevention Act. 


 7) Shivani is from which state , who has achieved a stunning feat by setting a new record in Archery and entering her name into the India Book of Records?


1. Telengana
2. Andhra Pradesh
3. Karnataka
4. Kerala
5. Gujarath

Explanation: Two-year-old girl Cherukuli Dalli Shivani from Vijaywada has achieved a stunning feat and became the youngest Indian to score 200 points over five and seven-metre distances. At a show in Vijaywada in the presence of seniors ports personalities and India Book of Records officials, she shot 36 arrows each from five metres and seven metres to score 388 points.


 8) How much amount of money was fetched by the government in the Spectrum auction ? 


1.1 Thousand Crore
2.1.10 Lakh Crore
3. 110 Lakh Crore
4.1100 Crore
5.1500 Crore

Explanation: The auction concluded today after 19 days and 115 rounds of bidding. However, 11 percent airwaves stayed unsold. The process of auction was conducted for 800 MHz, 900 Mhz, 1800 MHz and 2100 MHz covering both mobile telephony and broadband, including 4G.


 9) Which bank collaborated with (NPCI) and IRCTC for Ru-pay Debit Card Service launched on recently?

1.SBI Bank
2.ICICI Bank
3.UBI Bank
4.HDFC Bank
5.Axis Bank

Explanation: Union Bank of India collaborated with IRCT and NPCI and on 23rd Mar`15 launched its RuPay pre-paid debit card service for the benefit of railway passengers. Passengers would be able to book railway tickets and make online payments through this debit card launched by the IRCTC.


 10) Qatar was invited by India to participate in creating mega industrial manufacturing corridors including which industrial corridor? 

1. Delhi-Chennai
2. Delhi-Mumbai
3. Mumbai-Chennai
4. Chennai-Hyderabad
5. Hyderabad-Kanyakumari

Explanation: On 26th Mar`15 a joint statement issued in New Delhi at the end of two day visit of the Emir of Qatar Sheikh Tamim bin Hamad Al Thani said, the Indian side highlighted the considerable experience and expertise its companies had acquired in infrastructure development including power generation and transmission. 


 11) Which country celebrated its 45th Independence Day on 26th Mar 2015?

1. Indonesia
2. Bangladesh
3. Nepal
4. Pakistan
5. China

Explanation: The day was marked with the beginning of nation`s nine-month long Liberation War which culminated in free Bangladesh on December 16, 1971.


 12) Among the following name the state where there is a first cyber police station dedicated to check cyber crimes recently?

1.Himachal Pradesh
3.Uttar Pradesh
4. Gujarat

Explanation: The station is opened in Dehradun which is fully equipped to tackle bank and online frauds including crimes committed through social networking websites and mobile applications.


 13) At Indo-Myanmar border the Commerce and Industry Minister inaugurated a land customs station on 26th Mar`15. Who is the Commerec & Industry Minister?

1. Nirmala Sitharaman
2. Sushma Swaraj
3. Arun Jaitely
4. Venkaiah Naidu
5. None

Explanation: Land Customs station at the Indo-Myanmar border trade centre at Zokhawthar in Champhai district of Mizoram.


 14) NTPC became the first-ever...........undertaking to issue bonus debentures as done by it on 26th Mar`15?

1. Public Sector Undertaking
2. Private Sector Undertaking
3. Both 1 & 2
4. Govt.Undertaking
5. UNO Undertaking

Explanation: It issued bonus debentures amounting to Rs. 7725.76 crore to Government of India by virtue of its 74.96% shareholding in NTPC.


 15) Among the following which one has emerged as the largest spender in the telecom spectrum auctions that concluded on 25th Mar`15?

5. Docomo

Explanation: Idea Cellular, the country`s third largest operator bid a maximum of Rs.30,306.98 Crore to buy spectrum in the 900 MHz, 1800 MHz and 2,100 MHz bands. Airtel and Vodafone bid Rs.29,130.20 crore and Rs.29,959.74 crore, respectively, in the same bands.

 16) Who is the Chairman of the Empowered Committee of State Finance Ministers on the Goods and Services Tax (GST)?

1.Abdul Rehmad
2.K.M. Mani
3.Ravindra Narayan
4. Arun Jaitely

Explanation: KM Mani, the finance minister of Kerala, has been appointed as the chairman of the empowered committee of state finance ministers with the crucial mandate to work in coordination with the Centre to usher in the Goods and Services Tax (GST).


 17) In New Delhi Carpet Export Promotion Council is organizing which Edition of India Carpet Expo from 27th to 30th March 2015?

1. 29th
2. 30th
3. 12th
4. 20th
5. 15th

Explanation: The Expo aims to promote the cultural heritage and weaving skills of Indian hand-made carpets and other floor coverings amongst the visiting overseas carpet buyers. 


 18) In doordarshan Channel, the Ministry of AYUSH is launching a new weekly program from March 28, 2015. What is it?

1. Ayushman Bhava
2. Deerghayush
3. Ayushman Bharat
4. Ayush Ayush
5. Deerghayushman Bhava

Explanation: `Ayushman Bharat` as the title of the programme suggests aims at popularizing traditional Indian medicines among the masses. Through this programme, masses will be able to have interaction with the experts of Ayurveda, Yoga, Naturopathy, Unani, Siddha and Homeopathy and people will be able to get solutions to their problems.


 19) Name the High Court that became the first court in India to set up commercial courts for speedy disposal of cases on 25th Mar`15?

1.Kerala High Court
2.Allahabad High Court
3. Delhi High Court
4.Gujarat High Court
5.Telegana High Court

Explanation: Chief Justice of Delhi HC G Rohini designated four benches to act as commercial courts. Out of this, two single judge benches with original jurisdiction will deal with the suits involving commercial disputes relating to intellectual property rights, arbitration, insurance, banking, taxation, company cases etc and the other two benches with appellate jurisdiction will hear appeals against the commercial disputes cases.


 20) Under the convenership of Madhya Pradesh`s Chief Minister the first meeting of the Sub-Group on rationalization of Centrally Sponsored Schemes was held at NITI Aayog in New Delhi in 27th Ma`15. Who is the Madhya Pradesh Chief Minister?

1. Neiphiu Rio
2. Raghubar Das
3. Omar Abdullh
4. Shivraj singh Chouhan
5. Nabam Tuki

Explanation: The Sub-group on rationalization of Centrally Sponsored Schemes has been constituted as per decision taken in the first meeting of the Governing Council chaired by the Prime Minister last month. Chief Ministers of Arunachal Pradesh, Jammu and Kashmir, Jharkhand, Nagaland, Rajasthan, and Lieutenant Governor of Andaman and Nicobar Islands attended the meeting.


 21) ISRO has been selected for which Prize for the year 2014?

1. Indira Gandhi Peace Prize
2. Rajiv Gandhi Peace Prize
3. Gandhi Peace Prize
4. Both 1 & 2
5. None

Explanation: The ISRO is engaged in making space technology a catalyst of development to bring about societal transformation. In the process it has become one of the six largest space agencies of the world. The Gandhi Peace Prize for social, economic and political transformation through non-violence was instituted in 1995. The Award comprises an amount of Rs.1 Crore and a citation.


 22) Atal Bihari Vajpayee has became the ______ Prime Minister to receive the Bharath Ratna award?


Explanation: Shri Atal Bihari Vajpayee is the seventh prime minister to receive the Bharat Ratna award after Jawaharlal Nehru, Indira Gandhi, Rajiv Gandhi, Morarji Desai, Lal Bahadur Shastri and Gulzarilal Nanda. He is 44th awardee of Bharat Ratna Award. His birthday 25th December was declared as Good Governance Day by the Narendra Modi government. 


 23) On 25th Mar`15 who headed the committee for the review of the existing Public Private Partnership (PPP) Cell in the Railway Board. ?

1. Bhakti Sharma
2. Ajay Shanker
3. Roopesh Kumar
4. Anil Garg
5. Anil Shanker

Explanation: He is an IAS (Retd.), former Secretary, Department of Industrial Policy & Promotion (Govt. of India). The Committee will recommend measures to make the cell more effective, customer friendly and result oriented.


 24) NIC organized which Awards of 2014 that was announced on 25th Mar`15?

1. Email Ratna Awards
2. Web Ratna awards
3. Networking Ratna Awards
4. Both 1 & 3
5. None

Explanation: National Informatics Centre (NIC). Comprehensive Web Presence-Ministry, the Platinum was bagged by Ministry of Information & Broadcasting, Golf by Ministry of Health & Family Welfare and Silver by Controller General of Accounts. For Comprehensive Web Presence -State category the Platinum award has been won by Maharashtra followed by Tamil Nadu and Uttarakhand in the Gold and Silver section respectively. 


 25) Vikas Swaroop has been appointed as the Spokesperson of which Ministry?

1. Ministry of Shipping
2. Ministry of External affairs
3. Ministry of Broadcasting
4. Ministry of Defence
5. Ministry of Law & Justice

Explanation: Vikas Swarup (IFS Officer) is an Indian writer and a career diplomat who is best known as the author of the novel Q & A, adapted in film version as Slumdog Millionaire, the winner of Best Film for the year 2009 at Academy Awards, Golden Globe Awards and BAFTA Awards.


 26) Which day is Observed as International Day of Remembrance of the Victims of Slavery and the Transatlantic Slave Trade ? 

Ans : (1)
1.25th March
2. 15th May
3. 1st May
4. 24th February
5. 30th March


Explanation: The theme for the year 2015 is Women and Slavery. 


 27) Justice Ashok Bhushan has been appointed as the Chief Justice of which state High Court on 26th Mar`15?

Ans: (3)
1. Karnataka
2. Telengana
3. Kerala
4. Gujarath
5. Andhra Pradesh

Explanation: Justice Bhushan, hailing from Uttar Pradesh, was enrolled as an advocate with the Bar Council of Uttar Pradesh in April, 1979. Thereafter, he practiced on civil and original side in Allahabad High Court till his appointment as judge. 


 28) National Mourning on Sunday, March 29, 2015 is as the mark of respect to the_____.? 

1. Lee Kuan Yew
2. Nelson Mandela
3. R R Patil
4. All above
5. None of these

Explanation: He was the former PM of Singapore. The National Flag will be flown at half-mast throughout India and there will be no official entertainment on the day.


 29) A state wide bandh on 28th Mar`15 in Tamil Nadu is to protest against which state`s decision to construct a dam across Kaveri River.? 

Ans: (3)
1. Telengana
2. Andhra Pradesh
3. Karnataka
4. Kerala
5. None

Explanation: The State Assembly had adopted a unanimous resolution condemning the action of Karnataka and has postponed the session. 


 30) Australia became the winner for the ____ time. After winning the World Cup 2015?

1. Fourth
2. Fifth
3. Third
4. Sixth
5. Seventh

Explanation: In the final played at the iconic Melbourne Cricket Ground, retiring captain Michael Clarke and his Men defeated neighbors and co-hosts of the tournament, New Zealand by 7 wickets to dash their hopes of a maiden World title. 


 31)Who has not won the World Cup for Australia as a Captain? 

1.Adam Gilchrist
2. Steve Waugh
3. Allan Border
4. Michael Clarke
5. Ricky Pointing

Explanation: Michael Clarke has now joined Allan Border, Ricky Ponting and Steve Waugh in the elite group of Australia`s World Cup winning captains.


 32) Which player won the Man of the Series title in the World Cup 2015?

1. Kumar Sangakkara
2. Martin Guptill
3. James Faulkner
4. Mitchell Starc
5. None

Explanation: James Faulkner was adjudged man of the match, while the man of the series award went to Mitchell Starc. He finished the tournament with 22 wickets. 


 33) Who won the women`s single title of the India Open Super Series Badminton tournament on 29th Mar`15?

1. Sania Mirza
2. Saina Nehwal
3. Jwala Gutta
4. P V Sindhu
5. None

Explanation: Saina Nehwal clinched her maiden India Open Super Series title after notching up a dominating straight game victory against former world champion Ratchanok Intanon of Thailand. 


 34) Who won the men`s single titles of the India Open Super Series Badminton tournament on 29th Mar`15?

1. Arvind Bhat
2. Nikhil Kanetkar
3. Viktor Axelsen
4. Kidambi Srikanth
5. None

Explanation: It is second Super Series title of his career. World Number Four and second seed Kidambi Srikanth overpowered Viktor Axelsen of Denmark.


35) Who was conferred with Bishwaratna Dr. Bhupen Hazarika International Solidarity award in Guwahati on 29th Mar`15?

1. Adoor Goplakrishnan
2. Dr. Kedar Nath Singh
3. Kalpana Maitree
4. Dudh Nath Singh
5. None

Explanation: The award was initiated by the Assam Sahitya Sabha in association with Numaligarh Refinery Limited. 


  36) The Indian Government will unveil the new Foreign Trade Policy on 1st april 2015 for which Year?


Explanation: The government will unveil the new Foreign Trade Policy on first of April. The policy is aimed at giving fillip to exports with an objective to drive economic growth and create more employment opportunities. The foreign trade policy, which is usually announced in April, provides guidelines for enhancing exports with the overall objective of pushing economic growth and generating employment. 


 37) The Lt. Governor of which State/UT commissioned the ICGS Anagh on 29th Mar`15. ?

1. Delhi
2. Puducherry
3. Goa
4. Andaman & Nicobar Islands
5. Kerala

Explanation: ICGS Anagh is a Fast Patrol Vessel.
ICGS Anagh has been designed and built by Cochin Shipyard and is capable of undertaking multifarious tasks such as surveillance, interdiction, search and rescue and medical evacuation. The Lt. Governor of Puducherry - Lt.Gen. Ajay Kumar Singh, (Retd.) commissioned the fast patrol vessel ICGS Anagh and two interceptor boats at Chennai on 29th Mar`15.


 38) Rajasthan became the first State to fix a minimum educational qualification for contesting to which elections ?

1. Assembly Elections
2. Panchayati Raj Institutions
3. Parliament Elections
4. Both 1 & 2
5. None

Explanation: On 27th Mar`15 Rajasthan Govt. passed the Rajasthan Panchayati Raj (Amendment) Bill, 2015 which stipulates a minimum qualification of Class X pass from a recognized board for contesting election for the post of member of Zila Parishad or Panchayat Samiti while minimum qualification of class VIII pass has been stipulated for the post of Sarpanch (village head). 


 39) Who won the Malaysian Grand Prix, the second F1 GP race of 2015 season on 29th Mar`15?

1.Sebastian Vettel
2. Lewis Hamilton
3. Nico Rosberg
4. All Above
5. None of the above

Explanation: Sebastian Vettel paid tribute to his childhood hero Michael Schumacher after taking a "dream" first victory for Ferrari in the Malaysian Grand Prix.


 40) Dr. Aziz Qureshi is the Governor of which state who was removed from the post on 29th Mar`15?

1. Meghalaya
2. Nagaland
3. Mizoram
4. Manipur
5. Tripura

Explanation: In a communique from President Pranab Mukherjee`s office said Dr. Aziz Qureshi ceased to hold the office of the Governor of Mizoram and Keshari Nath Tripathi, Governor of West Bengal, would discharge the functions of the Governor of Mizoram, in addition to his own duties.


 41) FBB Femina Miss India World 2015 was crowned by........?

1. Aafreen Rachel Vaz
2. Vartika Singh
3. Aditi Arya
4. Koyal Rana
5. Naina Agarwal

Explanation: Aditi Arya was declared FBB Femina Miss India World 2015 while Aafreen Rachel Vaz walked away with the fbb Femina Miss India 2015 first runner-up crown and Vartika Singh was fbb Femina Miss India 2015 second runner-up. ceremony held at Yashraj Studios on 28th Mar`15. .


 42) Which political party became the largest political party in the world by registering highest number of members,recently?

1. Democratic Party
2. Communist Party China
3. Aam Aadmi Party
4. Bharatiya Janta Party
5. None

Explanation: The BJP has now become the largest political party in the world by registering highest number of members. Till yesterday, the party had registered 8.8 Crore members. The figure is more than China`s ruling party Communist Party China that has 8.6 Crore members. 


 43) Which freedom fighter was conferred with the Bharat Ratna on 30th Mar`15?

1.Shaheed Bhagat Singh
2. Atal Bihari Vajpayee
3. Madan Mohan Malviya
4. Subash Chandra Bose
5. Gopala Krishna Gokhale

Explanation: His family members received the award from President Pranab Mukherjee. Madan Mohan Malviya is fondly remembered for his initiative for establishing institutions that reinforced the cultural identity of the country. He was a moving force behind the establishment of Banaras Hindu University. The credit for popularising the slogan of Satyameva Jayate also goes to him.


 44) Which BJP Leader was conferred with Padma Vibhusan Award recently? 

1.Pramod Mahajan
2. Lal Krishna Advani
3. Ram Jethmalani
4. Parkash Singh Badal
5. Sushma Swaraj

Explanation: Akali Dal leader and Punjab chief minister Parkash Singh Badal and Jagadguru Rambhadra Acharya also received Padma Vibhushan. Total 3 people were conferred with Padma Vibhushan Award. 


 45) The Film maker who received the Padma Shree Award on 30th Mar`15 was......?

1. Mahesh Bhatt
2. Prakash Jha
3. Anuraj Kashyap
4. Sanjay Leela Bhansali
5. Rakesh Roshan

Explanation: Physician Dr Randeep Guleria, Writer Prasoon Joshi, Prof Alka Kripalni were among others who received Padma Shri. Total 34 persons has received the Padma Shree Award. 


 46) Satpal is the former Asian Games Gold Medal Winniner .who was honoured with Padma Bhushan Award. He is a........?

1. Wrestler
2. Boxer
3. Chess Champion
4. Golf Champion
5. None

Explanation: Satpal has coached two-time Olympic medal winner Sushil Kumar. He was honoured with prestigious Padma Bhushan Award. Total 12 persons have been conferred with Padma Bhushan Award. 


 47) 30th March was celebrated as......?

1. Rajasthan Diwas
2. Gujarath Diwas
3. Bihar Diwas
4. UP Diwas
5. Delhi Diwas

Explanation: It is celebrated every year with an aim to showcase Rajasthan`s culture & heritage and revive the traditional sports, cuisines and folk-art.


 48) UAE carriers announced recently, that their cockpits will have two crew members in at all times under new procedures introduced in response to the which-wings disaster?

1. French
2. German
3. Indonesian
4. Iraqian
5. Britain

Explanation: The announcements by the two United Arab Emirates carriers-Emirates Airways and Etihad Airways follow similar moves by many European airlines, Canada and Australia to implement the so-called rule of two which is already standard in the United States.


 49) Which Bank revised regulations for Non-Banking Finance lenders by directing them to get themselves rated by March 2016.?

1. Western Union Money Transfer
2. Reserve Bank
3. Federal Bank

Explanation: In the revised regulatory framework on NBFCs notified late last evening, RBI further said, those asset finance companies (AFCs) failing to achieve investment grade ratings by the end of March 2016, should not accept fresh public deposits and renewing existing ones. In such an event, all existing deposits should runoff to maturity and NBFCs should report to the concerned RBI`s Regional Offices within 15 days. 


 50) Indian cricketers didn`t find a place in the ICC World Cup of which team?

1. XI
2. XII
3. X
4. XIV
5. XVI

Explanation: The team was chosen by a select group of experts who were given the task of picking a balanced side on the basis of performances in the tournament. In addition to McCullum, the side includes four others from New Zealand -- Corey Anderson, Trent Boult, Martin Guptill, Daniel Vettori; three Australians -- Glenn Maxwell, Steven Smith and Mitchell Starc; two South Africans -- AB de Villiers and Morne Morkel, with Sri Lanka`s Kumar Sangakkara as wicketkeeper=batsman. Zimbabwe`s Brendan Taylor who finished with 433 runs in six matches, was named as the 12th man. ICC General Manager, Geoff Allardice who chaired the panel, said Indian pacers Umesh Yadav and Mohammad Shami along with off-spinner R Ashwin were in the running.