Economy Current Affairs
Feb 1st Week 2015 Current Affairs
Category : Economy Current Affairs
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 1)  Recently, BJP has won a clear majority in which state and set to form the government after poll results were announced on 23rd Dec’14?

Ans : (2) 
1. Uttarkhand

2. Jharkhand

3. Haryana

4. Maharashtra

5. Telengana


Explanation: Bharatiya Janta Party (BJP). BJP has won 42 seats. Almora, Garhwal, Hardwar, Nainital-Udhamsingh Nagar and Tehri Garhwal were the five constituencies in the state which were bagged by the BJP.


 2)On 23rd Dec’14, Identify How many bills among the following were passed in the Lok Sabha Winter Session ?

 Ans: (3)
1. 12

2. 13

3. 18

 4. 19

5. 20 

Explanation: 18 bills. The Lok Sabha passed 18 bills including Central University, labour reforms, textiles and coal mines during the 22-day sitting of the winter session.


2)  On 24th Dec ‘ 14 , The 112th Birth Anniversary of which former Prime Minister was observed? 


1. Chaudhary Charan Singh

 2. Smt. Indira Gandhi

3. V . P. Singh

4. I.K. Gujral

5. Gnani Jail Singh 

Explanation: 1. Chaudhary Charan Singh(23 December 1902 – 29 May 1987) was the sixth Prime Minister of the Republic of India, serving from 28 July 1979 until 14 January 1980.


3)  Pandit Prabhod KumarMishra is the author of which book that was released by the PM Narendra Modi on 23rd Dec’14?

Ans: (2)


2. Vandemataram

3. Honge Kamiyab

4. Sare Jahase Achha

 5. Ye mere Vatan 

Explanation: Pandit Prabodh Kumar Mishra. The book is an anthology of nationalistic poems in Sanskrit, which were published in different newspapers of Odisha on various occasions. 


 5)On 23rd dec’ 14 , which former prime minister’s death anniversary was observed ?


1.P.V. Narsimha Rao

2.Jail Singh

 3.Rajeev Gandhi

4.Neelam Sanjeev Reddy

5.Lal Bahadur Shastri 

Explanation : Pamulaparti Venkata Narasimha Rao (28 June 1921 – 23 December 2004) was an Indian lawyer and politician who served as the tenth Prime Minister of India (1991–1996). His ascendancy to the prime ministership was politically significant in that he was the first holder of this office from non-Hindi-speaking south India. He led an important administration, overseeing a major economic transformation and several home incidents affecting national security of India

  6) Vijay Kelkar Committee is the committee that has recommended autonomous state for…………?



 2. Vitarana

3. Vidarbha

4. Vaitarani

5. Vinuthna 

Explanation: Vijay Kelkar Committee. It has also recommended shifting of the state secretariat to Nagpur, the state`s second capital, for the month of December every year.


 7) As of 22nd Dec’14, Among the following, Identify Which ministry of India tops the list for maximum number of followers on official Twitter page,?


1.Home Ministry

2. Agricultural Ministry

 3. Ministry of Information & Broadcasting

 4. Finance Ministry

 5. Road & Transport Ministry 

Explanation: Home Ministry. It has 2.32 lakh people following its Twitter handle, while ministry of information and broadcasting (2.17 lakh) comes second. As on December 22, Modi had 2.62 crore Facebook likes and his Twitter handle @PMOIndia was followed by 48 lakh people.


 8)‘Losar’ is which religion Festival of Ladakh Region of Jammu and Kashmir , which was started from 22nd Dec ‘ 2014? 



2. Buddhist

3. Christians

4. Muslims

5. Parsis 

Explanation: This marks the beginning of New Year in Ladakh. During this festival the Ladakhi Buddhists make religious offering before their deities in the domestic shrines or in the Gompas. A medley of cultural events, ancient rituals and also traditional performances are performed during this festival. History of the Festival The Losar festival dates back to pre-Buddhist Bon era in Tibet. As per the ancient tradition a spiritual ceremony was conducted every year in the winter. During this ceremony people offer considerable amount of incense in order to propitiate the local deities and the spirits. Later, this ceremony was converted into a yearly Buddhist festival which most probably started during the tenure of the ninth Tibetan king, Pude Gungya 


 9) 25 seats have been won by which party in Jammu & Kashmir Elections in the Assembly Elections?

1. BJP

 2. CPI

 3. CPM

4. Congress

 5. PDP 

Explanation: 25 seats. BJP emerged as the second emerging party in Jammu & Kashmir. PDP has won maximum 28 seats out of 87.



 10) Mr. Raghubar Das will be the new Chief Minister of which state?

1. Uttarkhand

 2. Jharkhand

 3. Uttar Pradesh

 4. West Bengal

5. Tripura 

Explanation: Mr. Raghubar Das. Mr. Das is an MLA from Jamshedpur and has been the Deputy Chief Minister earlier. The decision was taken on 26th Dec’14.

 11) Mission Indradhanush is the mission that aims to cover all those children by which year who are either unvaccinated or partially vaccinated against seven vaccine preventable diseases?

1. 2016

2. 2017

3. 2018

4. 2020

 5. 2019 

Explanation: Mission Indradhanush. The diseases are diphtheria, whooping cough, tetanus, polio, tuberculosis, measles and hepatitis B. 


 12) 25th December ‘ 2014 was observed in India as………………?

1. Environmental Day

2. Good Governance Day

 3. Good Health Day

4. Good Day

5. Non-Pollution day

Explanation: 25th December 2014. Former Prime Minister Atal Bihari Vajpayee`s 90th birthday was celebrated today as Good Governance Day.


 13) Name the scheme which has become the world`s largest direct benefit transfer with 2.5 crore households getting about 550 crore rupees since 15th Nov’14?



3. DBTL 4.



Explanation: Direct Benefit Transfer on LPG (DBTL). The scheme was rolled out in 54 districts and will be extended all over the country from next year 1st January. The scheme has surpassed number of beneficiaries in direct benefit transfer programmes in China and Brazil.


 14) On 26th Dec - 14 , 10th Tsunami Anniversary was observed in …………? 

1. India

 2. Srilanka

3. USA

4. China

 5. Japan 

Explanation: 26th Dec’14. The survivors and family members of the victims of the 2004 Tsunami marked the 10th anniversary of the tragedy with memorial services across Sri Lanka. 


 15) On 26th December 2014, the Winter Line Carnival was launched in ………….. 

1. Uttarkhand

2. UttarPradesh

 3. Goa

4. Telengana

 5. New Delhi 

Explanation:  At Mussorie, Uttarakhand. The carnival will be held till December 30 and will witness the participation of singer Kailash Kher, veteran Bollywood actor Tom Alter, and some local performers.


 16)Who is the person , who has been announced as the Brand Ambassador of Winter Line Carnival, Mussorie?

1. Ruskin Bond

2. James Bond

3. Mark Bond

4. Andry Bond

 5. None

Explanation: Ruskin Bond (born 19 May 1934) is an Indian author of British descent. The Indian Council for Child Education recognised his pioneering role in the growth of children`s literature in India, and awarded him the Sahitya Akademi Award in 1992 for Our Trees Still Grow in Dehra, given by the Sahitya Akademi, India`s National Academy of Literature. He was awarded the Padma Shri in 1999 and Padma Bhushan in 2014. He now lives with his adopted family in Landour, in Mussoorie.



 17) Which Day is the new deadline for withdrawal of pre-2005 currency notes of various denominations?

1. 28 June 2015

2. 30 June 2015

 3. 12 June 2015

 4. 11 July 2015

5. 10 May 2015 

Explanation: 30th June’2015. According to Central bank, currency notes issued before 2005 do not have the year of printing on the reverse side. The RBI said, post-2005 notes have added security features and help in curbing the menace of fake currency


 18) Atal Bihari Vajpayee has been conferred with the which honour, which is the country`s highest civilian honour on 24th Dec - 14?

1. Padmasree

 2. PadmaVibhushan

3. Bharath Ratna

4. Bharath Vajra

5. Bharath Astra 

Explanation: Atal Behari Vajpayee, former Prime Minister and Madan Mohan Malviya, Educationist and Social reformer. With this 45 other personalities have received Bharat Ratna.


 19) Bodo Militants is the militant group carried out a series of massacres on 23rd & 24th Dec 14 in which state, and killed over 70 tribal people?

1. Odisha

2. Goa 3.

Arunachal Pradesh

 4. Assom

5. Kerala

Explanation: They are belonging to the National Democratic Front of Bodoland. The National Democratic Front of Bodoland (NDFB) is an armed separatist outfit which seeks to obtain a sovereign Bodoland for the Bodo people in Assam, India. It is designated as a terrorist organization by the Government of India. NDFB traces its origin to Bodo Security Force, a militant group formed in 1986. The current name was adopted in 1994, after the group rejected Bodo Accord signed between the Government of India and ABSU-BPAC. The group has carried out several attacks in Assam, targeting non-Bodo civilians as well as the security forces. 


 20) SSC should be conducted ………….â€Ã?, is the important recommendation that was made by I.M.G. Khan Committee which was constituted in February 2014 to review the existing test system of the Staff Selection Commission (SSC)? 

1. Online

 2. Email

3. Skype

4. OMR sheet

 5. OCR Sheet

Explanation: SSC should be conducted online. The committee made recommendation to conduct SSC exam through online mode.


 21) Which airline service has introduced world`s first-of-its-kind three-room suite service on its planes during December 2014?

1. Indigo

 2. Kingfisher

 3. Spice Jet

4. Etihad

5. Vistara 

Explanation:  Etihad. Etihad`s A380 will start its daily operations to London Heathrow from 27 Dec’2014.


 22) Taiwan country has launched its largest Missile Warship in Dec ‘ 14. What is it`s name?

1. Tuo Chiang

 2. Leo Keinche

3. Tuko Viang

4. Miuo Chiang

 5. Teo Hiango 

Explanation: Taiwan. The 500-tonne corvette missile is the first of its kind ever produced by Taiwan. 


 23) Radhakrishna Vikhe Patil is the leader appointed as Leader of Opposition (LoP) in which state Legislative Assembly, the lower house on 23rd Dec 14?

1. Madhya Pradesh

 2. Maharashtra

3. Haryana

4. Punjab

 5. Jharkhand 

Explanation: Radhakrishna Vikhe Patil, Congress Leader. Radhakrishna Vikhe Patil was the Minister of Agriculture and Marketing in the Government of Maharashtra. . He is a member of the Congress Party. Vikhe Patil was elected to the Shirdi Vidhan Sabha constituency in 2009.He has been reelected in 2014 assembly elections with landslide lead around 75000 votes.Currently he is also serving as Leader of Opposition in Maharashtra Legislative Assembly. the security forces. 


 24) Name the e-commerce company which has launched the online Agri Store offering agricultural products to the farmers on 23rd Dec 14? 


2. Filpkart


4. Snapdeal

 5. Amazon 

Explanation: Snapdeal. The Agri Store aims to offer wide variety of farm items from seeds to fertilisers, farming tools and irrigation tools. 


 25) On 24th Dec 14 , The ……………… National Consumers Right Day was observed across India ?

1. 30

2. 28

 3. 29

4. 23

5. 24

Explanation: 24th Dec 14. The day provides an opportunity to highlight the importance of the consumer movement and the need to make every consumer more aware of their rights and responsibilities.