Economy Current Affairs
april 1st week 2015 current affairs
Category : Economy Current Affairs
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 1) Who won the Australian Grand Prix first Formula 1 (F1) Grand Prix of the season on 15 March 2015?

 Ans : (4) 

1. John Abraham David


2. Sebastian David


 3. Nicolas Roseberg


 4. Lewis Hamilton


5. None of these



Explanation: Lewis Hamilton (Mercedes) dominated the first race of the campaign. He was followed by the Nico Roseberg (Mercedes) and Sebastian Vettel (Ferrari). 


 2) Which among the following online free educational portal initiative launched by the Gujarat Chapter of Code For India- U.S. based NGO on 13th Mar - 15?

Ans: (2)

1. Make In India


 2. Skill Up India


3. Make Up India


4. Made in India


5. The India 


Explanation: The portal was launched by CFI`s Gujarat chapter, in partnership with iCreate, IIT, Gandhinagar, IIM Ahmedabad, CIIE and US-India Business Council (USIBC). Skill Up India is part of the new movement in the country to help youth with free access to high quality education through online and mobile courses essential to re-focus our workforce to meet the demands of global economy.


 3) In the region Jaffna , PM Narendra Modi handed over 27,000 new homes on 14th Mar-15 to Tamils who became homeless during the civil war. Where is it? 



1. Tamil Nadu


2. Srilanka


3. Kerala


 4. Bangladesh


 5. Nepal 


Explanation: The houses were built with Indian assistance as part of India`s efforts to help in the reconciliation process. Prime Minister Narendra Modi is also the second international leader to visit the region after Premier David Cameron in 2013. 


4)In London, the statue of Mahatma Gandhi made by the sculptor Philip Jackson was unveiled by Finance Minister Arun Jaitley on 14th Mar – 15. He is a …………..


Ans: (2)


1. French


2. Britisher


3. Australian


4. Canadian


 5. American 


Explanation: Mahatma Gandhi`s statue was unveiled at London`s Parliament Square. 


 5)On which day the National Rural Drinking Water and Sanitation Awareness Week was launched ?



1. 15th Mar’15


2. 16th Mar’15


 3. 17th Mar’15


4. 18th Mar’15


5. 20th Mar’ 15 


Explanation: The Center launched National Rural Drinking Water and Sanitation Awareness Week at Kankrola-Bhanglora Village of Gurgaon District in Haryana. During the campaign, there will be an extensive awareness drive on construction and use of household toilets, keeping the villages clean, safe handling and use of drinking water, awareness of quality of drinking water, water conservation, community managed water supply systems in rural areas. 


 6) Who is the Chief of International Monetary Fund who is on a visit to India Recently?



1. Horst Kohler


 2. Rodrigo De Rato


3. Dominique Strauss Kahn


 4. Christine Lagarde


 5. None 


Explanation: She is the Managing Director and Chairman of Executive Board starting July 5, 2011. 


 7) Which cyclone recently hit the South Pacific Islands during Mar’15? 



1. Katrina


 2. HudHud


 3. PAM


4. Nilofar


5. Laila 


Explanation: Prime Minister Narendra Modi expressed sorrow and pain of all those affected by the devastation caused by Cyclone Pam in Vanuatu.


 8) According to IMF Chief Christine Lagarde, by which year Indian Economy would be double the size of 2009?



1. 2019


 2. 2022


3. 2027


4. 2020


 5. 2024 


Explanation: According to IMF Chief, India`s growth is expected to exceed China this year. She said the recently presented Budget of India is a step in the right direction and India`s recent adoption of flexible inflation targeting is a welcome step.


 9) 15th March was observed on as………? 


1. World Consumer Rights Day


2. World Customer Rights Day


3. World Credit card Day


4. World Debit Card Day


5. World Compassion Day


Explanation: The theme of the year 2015 was ‘Helping Consumers Choose Healthy Diets’.


 10) According to (SIPRI) which country become the world’s largest arms importer?


1. India


2. China


3. Saudi Arabia


 4. Pakistan


5. South Africa 


Explanation: India accounted for 15% of the global arms imports from 2010 to 2014. "Between 2005-2009 and 2010-2014, India`s arms imports increased by 140%. 


 11) Shakti women cab service launched by which State/UT Municipal Council?


1. Puducherry


2. Kerala


 3. New Delhi


4. Telengana


 5. Goa 


Explanation: The New Delhi Municipal Council (NDMC) is planning to introduce a fleet of taxis with women drivers next month.


 12) Mirach Capital company on 16thMar’15 decided to file a 400 million US dollar defamation lawsuit against the which group?


1. Reliance


2. Sahara


3. Mahindra & Mahindra


4. Tata


5. J P Morgan


Explanation: Mirach accused Sahara’s representatives of breaching an exclusivity contract with it following public comments by its CEO Saransh Sharma regarding the group’s acquisition strategy of the Sahara assets.


 13) Name the state among the following which passed the ‘Gauvansh Sanrakshan and Gausamvardhan Bill, 2015’ on 16th Mar’15?


1. Haryana


2. Maharashtra


 3. Uttar Pradesh


 4. Gujarat


5. Telangana 


Explanation: The bill bans cow slaughter, sale of beef and prescribes rigorous punishment for its violation and also covers a wide range of administrative measures intended to conserve and improve the livestock.


 14) “TheFind “ is the shopping search engine that has been acquired by the which site on 14thMar’15? 


1. Google


2. Orkut


3. Facebook




5. Skype 


Explanation: With this move, Facebook entered into the e-commerce business.


 15)Which leader was named as Young Global Leader from India by the World Economic Forum (WEF) in Mar’15?


1. Rahul Gandhi


2. Jyotiridtya Sindhiya


3. Varun Gandhi


4. Smriti Irani


5. Priyanka Gandhi 


Explanation: Smriti Irani, union human resources development minister is named the Young Global leader from India.


 16) Among the following Name the bank that has announced the launch of Chillr App that enables quick transfer of funds to those who are in mobile phone contacts list?



1. Yes Bank


 2. ICICI Bank


 3. HDFC Bank


 4. Bank of Baroda


5. Axis Bank


Explanation: This app connects directly to the bank account of mobile phone owner. Thus there is no need to deposit money in pre paid account for money transfer.


 17) Textiles Memorandum of Understanding (MoU) has been signed by India with which country on 17th Mar’15?



1. Pakistan


2. Kyrgyzstan


3. Sri Lanka


 4. Bangladesh


5. Nepal 


Explanation: The two countries have agreed to set up a Joint Working Group (JWG) to explore details of cooperation within the scope of the MoU and the steps required to facilitate bilateral trade and investment.


  18) 18) The first Asian Ministerial Conference on Disaster Risk Reduction of the post-2015 era will be hosted by which country?


1. Sri Lanka


2. China


3. Japan


4. India


5. Indonesia 


Explanation: This was announced by the Union Home Minister Shri Rajnath Singh during the 3rd UN World Conference on Disaster Risk Reduction being held in Sendai from March 14-18, 2015.


 19)In which country’s Capital many people were killed as after a gunmen targeted a museum on 18th Mar’15?



1. Syria


 2. Tunisia


3. Israel


4. Britain


 5. Pakistan


Explanation: The attack happened at the Bardo Museum, which is next to the Parliament building in central Tunis. At the time of the attack, deputies were discussing anti-terrorism legislation.


 20)As the Lok Sabha on 18th Mar’15 passed a Bill seeking to repeal the enactments which have become obsolete, then How many laws would be repealed?



1. 100


 2. 55


3. 35


4. 10


5. 29


Explanation: The Repealing and Amendment Bill, 2014 intends to repeal 35 laws and pass amendments to two laws. These include, Indian Fisheries Act, 1897, Foreign Jurisdiction Act, 1947 and Sugar Undertakings (Taking Over of Management) Act, 1978.


 21) The government launches the new Tourism Policy 2015 on …………..?



1. 1st April 2015


2. 15th August 2015


3. 1st May 2015


 4. 15th May 2015


 5. 20th May 2015 


Explanation: Government will set up a National Tourism Board as a part of the new Tourism Policy to speed up and promote tourism in the country. The new Tourism Policy, 2015 will be launched on the 15th of May this year.


 22) Batukbhai Dikshith award was given by PM Narendra Modi to how many Gujarati Journalists on 18th Mar’15? 



2. 11

3. 12

 4. 13

5. 14 


Explanation: The Prime Minister congratulated the awardees for this honour. The award is given by Surat Shaher Patrakar Kalyan Nidhi. 


 23) The government decided to set up Central Sector Projects Coordination Committee (CSPCCs) in the states under chief secretaries for ………………….?



1. Speedy Implementation of Projects


 2. Monitoring and Implementation of Jan Dhan Yojna


3. Implementation of GST


4. Implementation of Swachh Bharat Abhiyaan


5. None 


Explanation: The government has decided to set up Central Sector Projects Coordination Committee, CSPCCs in the states under chief secretaries to remove bottlenecks and to facilitate speedy implementation of major projects.


 24) Government decided to print an All India Helpline Number and Security Helpline On which tickets to publicise and bring more awareness?



1. Flight Tickets


2. Bus Tickets


3. Rail Tickets


4. Park Tickets


 5. Cinema Tickets 


Explanation: Indian Railways provided the All India Helpline Number ‘138’ for passengers, for queries and complaints related to medical emergency, cleanliness, food and catering, and coach maintenance. Security helpline number 182 is used to report unsavoury situation during journey. India Railways Catering & Tourism Corporation, IRCTC has been directed to make necessary arrangements to ensure printing of the numbers on the hard copies as well as SMS of e-tickets. 


 25) On 23rd Mar 2015, the PM visited National Martyrs Memorial at Hussainiwala in Ferozepur district of which state to pay tributes to the three great martyrs of India’s freedom struggle Shaheed Bhagat Singh, Rajguru and Sukhdev?



1. Haryana


 2. Punjab


3. New delhi


4. Uttar Pradesh  


5. Gujarat


Explanation: All three martyrs were cremated on the banks of the river Satluj at Hussainiwala on March 23, 1931.



26) Air Marshal Sohail aman is the officer appointed as the new Air Force Chief of …….? 


Ans : (2) 


1. India


2. Pakistan


3. Bangladesh


4. Srilanka


5. USA 



Explanation: He will replace Chief of Air Staff, Tahir Rafique Butt who proceeds on retirement. Air Marshal Sohail Aman was commissioned in Pakistan Air Force in November 1980 as GD Pilot. 


 27)Syria country has not followed the UK in joining the which country-sponsored Asian Infrastructure Investment Bank?


Ans: (3)

1. Japan


 2. India


3. China


 4. Pakistan


5. Bangladesh


Explanation: The three European countries followed suit days after the UK became the first Western nation to join the bank disregarding reservations expressed by the US which raised concerns over its transparency. With joining of these countries, the total number of the bank`s member states including India has gone up to 30. State-run Xinhua news agency quoted top officials of France, Germany and Italy as confirming their participation in the 50 billion dollar investment bank floated last year by President Xi Jinping. 


 28) J P Duminy is the first of which country Player to take a hat-trick in the World Cup during World Cup 2015?



1. Australia


 2. New Zealand


 3. South Africa


4. India


 5. Zimbabwe


Explanation: JP Duminy, South Africa`s right-arm off-break bowler, claimed the hat-trick against Sri Lankan batsmen in the first quarter-final clash in World Cup 2015. In the Reliance World Cup 1987, Chetan Sharma took the first hat-trick in the history of tournament when he clean bowled Ken Rutherford, Ian Smith and Ewen Chatfield of New Zealand off consecutive balls.


 29)Kumara Sangakkara and Mahela Jayawardhane are the Sri Lankan cricketers who retired after the quarter-final match played against which country on 18th Mar’15?


Ans: (3)



2. India


3. South Africa


 4. New Zealand


5. Zimbabwe 


Explanation: Mahela Jayawardene retired after playing 448 ODIs and accumulating 12,650 runs while Kumar Sangakkara scored 14,234 runs in 404 ODIs. 


 30) Benjamin Netanyahu is the Likud party leader re-elected as Prime Minister of which country on 18th Mar`15?



1. Israel


2. Iran


3. Iraq


4. Italy


5. Indonesia 


Explanation: 12th elections for 120-member Israeli Knesst were held on 17 March 2015 and the results were announced on 18 March. 

  31) Who among the following has been appointed as the head of Indian Railways Innovative Council? 



1. Ajay Thakur


2. Amit Shah


3. Ratan Tata


4. Mukesh Ambani


5. None


Explanation: Apart from Ratan Tata, the Kaya Kalp Council will also have two railway union leaders Shiv Gopal Mishra and M Raghuvaiah. Mr. Tata will head the Kaya Kalp Council, while General Secretaries of All-India Railwaymen Federation and National Federation of Indian Railwaymen will also be the members of the council.


 32) On 19th Mar`15, the govt. announced launching of which ACE Fund which is aimed at addressing the pressing needs of accelerating the growth of entrepreneurs, in the field of Biotechnology. ?













Explanation: BIRAC full form is Biotechnology Industry Research Assistance Council. Govt launches BIRAC to accelerate growth of entrepreneurs in Biotechnology. This equity fund will be operated by Biotechnology Industry Research Assistance Council, BIRAC, a Public Sector Undertaking under the Department of Biotechnology of Ministry of Science and Technology. 


 33) “Indian Parliamentary Diplomacy- Speaker’s Perspectiveâ€Ã?. book was written by ______.? 



1. Sumitra Mahajan


2. Pratibha Patil


3. Hamid Ansari


4. Meira Kumar


5. L K Advani 


Explanation: The book is an account of the role of parliamentary diplomacy in furthering foreign policy and strengthening international relations. The volume is a collection of reports and select speeches that Ms Meira Kumar as Lok Sabha Speaker and leader of Indian Parliamentary Delegations delivered at international conferences and during her visits abroad. 


 34)Recently, which country has agreed to provide a concessional loan of 1 billion Euro over the next six years to augment and strengthen renewable power transmission infrastructure?



1. Australia


2. Japan


3. Germany


4. Canada


 5. Brazil 


Explanation: The government said that Kreditanstalt fur Wiederaufbau (KfW) Germany has agreed to provide a concessional loan of 1 billion Euro. 


 35) Recently, Greece parliament adopted a humanitarian crisis bill to help its poorest people, ignoring apparent pressure from the which among the following to halt the legislation?



1. Ukraine


 2. European union


3. UAE


4. Syria


 5. None


Explanation: The bill was passed yesterday as Germany warned that time was tight for debt-wracked Greece. Greek anti-austerity Prime Minister Alexis Tsipras is hoping for a breakthrough in talks with the EU summit in Brussels. 


 36) Swiss authorities are handing more than 120 million US dollar To which country that was frozen as part of corruption probes involving state-run oil company Petrobras?



1. Brazil


2. China


3. India


4. South Africa


 5. Canada


Explanation: Brazilian prosecutors say a kickback scheme at Petrobras is the country`s biggest graft case yet, with at least 800 million dollar paid by construction and engineering firms in bribes to politically appointed former executives at the oil company, all in exchange for winning inflated contracts 


 37) Against Jaitapur nuclear power plant Shiv Sena took out rally with a demand of shutting down the project`s office near which Railway station?



1. Ratnadeep


2. Kuldeep


3. Ratnagiri


4. Ratanji wadia


 5. Rangheer 


Explanation: Many people from Jaitapur took part in the rally and women came out in large numbers. Shiv Sena is protesting against the project, as it may prove harmful to the environment of Konkan. 


 38) Uma Nath Singh recently took sworn-in as the Chief Justice of which High Court?



1. Mizoram


 2. Odessa


 3. Meghalaya


4. Nagaland


5. Tripura


Explanation: Acting Chief Justice Uma Nath Singh was sworn-in as Chief Justice of Meghalaya High Court by the state Governor, Mr. Keshari Nath Tripathi at Raj Bhavan in Shillong on 19th Mar’15. 


 39) Jagannath Mishra is the former Chief Minister of which state who has convict in the multi crore fodder scam who was sent to Birsa Munda central jail in Ranchi on 19th Mar`15?



1. Gujarath


 2. Uttarkhand


 3. Uttar pradesh


4. Bihar


5. West Bengal


Explanation: He was sent to Birsa Munda central jail in Ranchi after he surrendered before the special CBI court on direction of Jharkhand high court.


 40) Venkatraman Ramakrishnan is the Indian-American Scientist who will head the Royal Society of which country?



1. USA


 2. Egypt


3. Britain


 4. Russia


 5. England


Explanation: Indian-American scientist Venkatraman Ramakrishnan, whose pioneering work in molecular biology won him the 2009 Nobel Prize in Chemistry, will head Britain`s prestigious Royal Society, a communion of the many of the world`s most distinguished scientists.


 41) The three-day International conference on `India and the Indian Ocean: Renewing Maritime Trade & Civilisational Linkages` was launched in Bhubhaneshwar on ?



1. 19th Mar`15


2. 20th Mar`15


 3. 21st Mar`15


4. 22nd Mar`15


5. 12th Mar`15 


Explanation: Strengthening maritime security and trade among Indian Ocean Rim countries will be the focus of an international conference to be attended by delegates from 20 nations in Bhubaneshwar. .


 42) France is chosen to host the which year Women`s World Cup?





 2. 2019


3. 2024


4. 2028


5. 2016


Explanation: France will also stage the Under-20 women`s tournament in 2018. 


 43) Which was the indigenously developed Beyond Visual Range (BVR) air-to-air missile that was successfully launched from Sukhoi-30 fighter aircraft to hit a simulated target at the Integrated Test Range, Chandipur in Odisha on 18th Mar`15?



1. Sastra


2. Astra


3. Dhanush


4. Bijili


5. Bhoomi


Explanation: The 3.8 metre tall Astra is the smallest of the DRDO-developed missiles and can be launched from different altitudes.


 44) 20th Mar`15 was observed as ?



1. World Parrot day


2. World tiger Day


3. World Sparrow day


 4. World Rhino Day


5. World Hippo day


Explanation: The first World Sparrow Day was celebrated in 2010 in different parts of the world. 


 45) Which among the following Train was derailed near Raebareilly district of Uttar Pradesh on 20th Mar`15?



1. Himgiri Express


2. Ajanta Express


3. Janta Express


4. Intercity Express


 5. Nanded Express


Explanation: Two coaches of Dehradun-Varanasi Janta Express derailed claimed lives of many peoples. 


 46) Malcolm Fraser is the former Prime Minister of which country who passed away on 20th Mar’15?



1. Canada


2. Australia


3. USA


4. Britain


5. EU


Explanation: He was Prime Minister from 1975-83. 


 47) MS Dhoni became the ___ captain in the world to captain his team to 100th ODI Victory? 



1. First


2. Second


3. Third


4. Fourth


5. Last


Explanation: M.S. Dhoni joined the Australian Captain Ricky Ponting and Allan Border to become the third player to captain his team to 100 ODI victories.


 48) On 21st March`15 Nouroz day of the Islamic Republic of which country was celebrated ? 



1. Iraq


2. Iran


3. Israel


4. Indonesia


 5. Pakistan


Explanation: On the same day, Chaitra Sukladi, Ugadi, Gudi Padava, Chetti Chand, Navreh and Sajibu Cheiraoba is celebrated in different regions of India.


 49)According to the Union Cabinet`s approval, 33% reservation for women was confirmed in each category (SC/ST/OBC and others) during direct recruitment to non-gazetted posts from Constables to sub-inspector in the police forces of all Union Territories, including which Police. ? 





2. Delhi


3. Pondicherry


4. Andaman & Nicobar


5. None 


Explanation: The Cabinet also approved that suitable enabling provisions in the Recruitment Rules should be made accordingly by all UTs police forces including Delhi Police. The reservation will be available to women against all such vacancies existing on the date of issue of the order after Cabinet approval and vacancies arising thereafter. 


 50) Which flagship scheme for skill training of youth to be implemented by the new Ministry of Skill Development and Entrepreneurship through the National Skill Development Corporation (NSDC) that was approved by the Union Cabinet on 20th Mar`15?



1. Pradhan Mantri Kaushal Vikas Yojana


2. Kaushal Yojana


 3. Bharatiya Kaushal Vikas Yojana


4. Rozgar Kaushal Yojana


5. None


Explanation: Under the scheme, a monetary reward is given to trainees on assessment and certification by third party assessment bodies. The average monetary reward would be around Rs.8000 per trainee.