Economy Current Affairs
January 4th week 2015 current affairs
Category : Economy Current Affairs
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 1) Joachim Loew was named as the FIFA Men`s Coach of the Year at the 2014 Ballon d`Or ceremony. He is the coach of which team among the following? 


Ans : (3) 

1. Australia


2. Brazil


3. Germany


 4. Argentina


5. South Africa


Explanation: Joachim Loew . He is a Coach of Germany Football Team. is the current manager of the German national football team and a former football midfielder. In 2014, he led the German team to victory at the World Cup in Brazil.


 2) 15th January was observed in India as .............Day ?

Ans: (2)

1. Water day


2. Army day


 3. Eradicate Polio day


 4. Save animal day


 5. Anti Pollution day 


Explanation: It was on this day in 1949 when Lt. General (later Field Marshal) KM Cariappa became the first Indian Commander-in-Chief of the Indian Army post Independence.


 3) Bhakti Sharma is the India`s open water swimmer to set a world record by swimming 1.4 miles in 52 minutes in one degree temperature in which Ocean?




1. Antarctic Ocean


 2. Arctic Ocean


3. Indian ocean


4. Pacific Ocean


 5. Mediterranean sea 


Explanation: Bhakti Sharma. She bettered the earlier record of British open water swimmer Lewis Pugh and American swimmer Lynne Cox. The 24-year old is now the first Asian girl and youngest in the world to have achieved this feat. 


 4) The Year 2018 is the deadline proposed by Centre to Supreme Court for cleaning of which River on 14th Jan`15?


Ans: (3)


1. Yamuna


 2. Moosi river


3. Ganga


4. Narmada


 5. Tapthi 


Explanation: 2018.The Centre on 14th Jan`15 told the Supreme Court that it proposes to clean Ganga by 2018. 


 5) Avinash Chander is the............ Chief who has been sacked by the Government 16 months before end of tenure?







3. IPS




5. NGRI 


Explanation: Avinash Chander known as the man behind the Agni series of missiles. 


6) Harishankar Brahma has been appointed as the new ..............of India on 14th January 2015?




1. IPS Chief


2. Secretary of Prime Minister


 3. Chief election commissioner


4. IFS Chief


5. Army chief of India 


Explanation: He is the second person from the North-East to become an Election Commissioner, after J. M. Lyngdoh. 



 7) Anirban lahiri is the Indian .............. Player who has been voted as 2014 "Asian Tour Players`?



1. Football


2. Volleyball


 3. Golf


4. Billiards


5. Chess 


Explanation: Premier Indian golfer Anirban Lahiri on 12th Jan`15 voted the 2014 Players` Player of the Year for his successful exploits on the Asian Tour where he won two titles and finished second on the Order of Merit.


 8) Jospeh Vaz is the Indian-born missionary who became the first Saint from India after the announcement made by Pope Francis on 14th Jan` 2015 . The huge Mass was held in which city?



1. Colombo


2. Sydney


3. Rome


4. Washington


 5. Paris 


Explanation: Jospeh Vaz. He was born in 1651 in India`s Goa, then a Portuguese colony. He travelled south at the age of 36 to Sri Lanka.


 9) Amar Pratap Singh is the Former CBI Chief who resigned from which Commission in January`2015?



1. Sri Krishna Commission


 2. Parathasarathy shome






 5. TPSC


Explanation: Amar Pratap Singh. Mr. Singh resigned four years before the completion of his term.


 10) Which electronics company launched the first mobile phone powered by its Tizen Operating System in India on 14th Jan`15? 



1. Samsung electronics


2. Sony electronics


3. Karbonn


4. LG Electronics


5. Micromax 


Explanation: Samsung Electronics. It is a key step in the company`s strategy to break free from the Android platform, which powers Samsung`s flagship Galaxy devices and most other smart phones on the market. 


 11) Which Indian drug company engaged in production of generic drugs that was recently barred by the Delhi High Court from making or selling a cheaper copy of Novartis AG`s respiratory drug Onbrez domestically?



1. Zuventus


 2. Cipla


3. Man kind


4. Siris


5. Coral labs Ltd. 


Explanation: Cipla Ltd.Delhi High Court on 14th Jan`15 sought the response of Switzerland-based drug major Novartis AG on the plea of Indian pharma firm Cipla Ltd. against an order restraining it from making its respiratory disease drug, Indaflo, till it obtains a compulsory licence. Novartis has been selling the medicine in India as an inhalation powder and inhaler under the trademark name of "Onbrez" through its licencee Lupin Ltd, since 2010. 


 12) By how many basis points, Reverse Repo Rate was cut by Reserve bank of India on 15th January`2015?



1. 50 basis points


 2. 23 basis points


3. 25 basis Points


4. 78 Basis points


5. 40 Basis Points


Explanation: 25 basis points.Reserve Bank of India (RBI) cut the reverse repo rate by 25 basis points to 7.75%. The move comes at a time when inflation is steadily coming down and cries for a rate cut were growing loud. 


 13) Which country approved its largest ever defence budget in 2015 on 14th Jan`2015?



1. Srilanka


2. India


3. Indonesia


4. Japan


5. China 


Explanation: Japan. The defence budget includes plan to buy surveillance aircraft, drones and F-35 fighter jets to help counter rising assertiveness of China.


 14) With the China, which country`s , trade deficit increased to 37.8 billion US dollars in 2014 despite the increase in bilateral trade by 7.9 percent?



1. Japan


 2. India


 3. Pakistan


 4. Bangladesh


5. Srilanka 


Explanation: India-China trade increased all time high of 73.9 billion US dollars in 2011 but declined to 66.57 billion US dollars in 2012 and 65.49 billion US dollars in 2013.


 15) After six many years which Crude oil prices fall at $46.07 on 12th Jan`15?



1. US


2. Iraq


 3. Iran


 4. Dubai


5. South Africa 


Explanation: U.S. crude oil closed down $2.29 at $46.07, its lowest since April 2009.

  16) Which festival is the harvest festival celebrated by Tamil people at the end of the harvest season? 



1. Sankranthi


2. Onam


3. Pongal


4. Baisakhi


5. None


Explanation: Section 92 of Jammu and Kashmir Constitution. It allows the Governor to proclaim it in case of failure of Constitutional machinery in the state. It has been imposed in the state for the sixth time since 1977.


 17) Which national airlines recorded a net profit of Rs. 14.6 Crore in December 2014 driven by a healthy growth in both passenger and cargo revenue? 



1. Kingfisher


2. Air india


3. Jet airways


4. Indigo


5. Spice jet 


Explanation: The airline`s total revenue rose by 6.5 per cent to Rs 2070 crore during December 2014 as compared to Rs 1,944 crore in the same period of 2013.



 18) The London based financial journal awarded Dr. Raghuram Rajan, is the Governor of............ Who was awarded as the `Governor of the Year` on 12th Jan`15?



1. Central bank


2. Forbes financial


 3. RBI


4. State bank of India


5. Canara bank 


Explanation: The jury cited Dr Rajan`s "disciplined and focused approach" to tackling macroeconomic instability, his "deep understanding" of the root causes of economic problems and an "impressive leadership style" as reasons for him winning the award.


 19) 9th Blind Challenged Car Rally 2015 was conducted in which city of India?



1. Bhopal


 2. Mumbai


3. Hyderabad


 4. Vijayawada


5. Ahmadabad


Explanation: In the rally, the vehicle was driven by a sighted person and the navigator was a blind person, the route map in Braille was given to them on the spot.


 20) Which is the organization that has developed the Bharat Operating System Solutions (BOSS)?


1. IIT-Pune


2. IIT- khargpur


3. C-DAC


4. Microsoft


 5. DRDL


Explanation: C-DAC. Under the `Make in India` programme, the government has asked states to deploy an open source Linux-based operating system- Bharat Operating System Solutions (BOSS).?

Centre for Development of Advanced Computing developed the BOSS OS. It is derived from Debian for enhancing the use of Free/ Open Source Software throughout India.


 21) According to the Insurance Regulatory and Development Authority (IRDA) concern over the skewed penetration of health insurance in India , how many states are accounting for 62% of premium.?



1. 3


2. 4


3. 5


 4. 6


5. 7 


Explanation: The Four states are, Maharashtra, Tamil Nadu, Karnataka and Union Territory of Delhi. These four states contributed 62% of total health insurance premium; the rest 32 States/UTs contributed only 38% of total premium. 


 22) Justice S K Sinha is the first Hindu to be appointed as the Chief Justice of which country on 12th January 2015?



1. Pakistan


 2. Iran


3. Iraq


4. Bangladesh


5. Saudi 


Explanation: He will succeed Chief Justice Muzammel Hossain retiring on 16th Jan`15.Justice S K Sinha is known for a number of landmark judgements including those on the killing of Bangabandhu Sheikh Mujibur Rahman and the 5th and 13th amendments to the Constitution. 


 23) United states gave approval to which country`s two Aircraft parts manufacturer UTAS and HBL Power Systems enabling them to supply the parts to aircraft manufacturing units in its country?Ans:(2)



2. India


3. China


4. Japan


5. Srilanka 


Explanation: United States gave approval to india`s two Aircraft parts manufacturer UTAS and HBL Power Systems enabling them to supply the parts to aircraft manufacturing units in its country and the world under the ‘Make in India` pitch For the first time US aviation regulator the Federal Aviation Administration (FAA) gave its approval to two aircraft parts manufactured by Indian manufacturers. 


 24) A.S. kiran Kumar has been appointed as the New Head of the .............?











5. WHO 

Explanation: A.S. Kiran Kumar. He will succeed K RadhaKrishnan retired in Dec`14. 


 25) ISRO is the Organisation that has won the 2015 Space Pioneer Award in the Science and Engineering Category from which country based National Space Society?



1. US




3. Canada


 4. Europe


5. France


Explanation: ISRO is the primary space agency of India. ISRO is among the largest government space agencies in the world.Its primary objective is to advance space technology and use its applications for national benefit.

Established in 1969, ISRO superseded the erstwhile Indian National Committee for Space Research (INCOSPAR), thus institutionalizing space activities in India 


26) Former IPS Officer Kiran Bedi joined which political party on 15th Jan`15?


 Ans : (1)

1. BJP


2. AAP


3. Congress


4. BSP


5. TRS 



Explanation: She was inducted in the party in the presence of BJP president Amit Shah, Union Ministers Arun Jaitley and Dr. Harshvardhan in New Delhi. 27) Manjul Krishna thakur is which state Minister who has joined the BJP for Refugee Rehabilitation on 15th Jan`15?Ans: (1)

1. West Bengal 2. Goa 3. Uttarkhand 4. Jharkhand 5. Uttar pradesh


Explanation: The State BJP President said that for the first time a State Minister has joined their party and this will lead to collapse of the ruling Trinamool Congress Government. 


 28) Death Anniversary of Sarat Chandra Chattopadhyay was observed on ?



1. 16 january


2. 17th January


 3. 18th January


4. 19th January


5. 20th January


Explanation: He was a Bengali novelist and short story writer of early 20th century. His works have been made into some fifty films in many Indian languages, particularly his novel Devdas made into sixteen versions, from Bengali, Hindi to Telugu, all versions get huge response.


 29) Anupam srivastava has been appointed as the new Chairman and Managing Director of............?


Ans: (3)

1. Aircel


2. Bharthi Airtel




4. Vodafone


 5. Idea Cellular 


Explanation: Anupam Srivastava. At present, he is serving as Director - Consumer Mobility at the PSU. 


 30) Sharmishtha Mukherjee is the daughter of the President of India Shri Pranab Mukherjee to fight which state polls as Congress Candidate during Feb`2015?



1. Delhi


2. Uttar Pradesh


 3. Jharkhand


 4. Telangana


5. Andhra Pradesh 


Explanation: 49-year-old Sharmishta is a Kathak dancer and has been participating in events and rallies of Delhi Congress for the last few months.

  31) Brett Lee is which country who announced retirement on 15th Jan`15 from all forms of cricket?



1. South Africa


2. Bangladesh


3. Australia


4. West Indies


 5. New Zealand


Explanation: He quit internationals in July 2012 as his country`s fourth-highest Test wicket-taker - with 310 in 76 matches - and has focused on Twenty20 cricket in recent years.


 32) Who is the chief of Censor Board of Film Certification who announced her retirement on 15th Jan`15?Ans:(3)

1. Sharmila Tagore


2. Smt. Arundhati Nag


 3. Leela Samson


4. Rajeev Masand


 5. Rahul malhotra


Explanation: Leela Samson. is a Christian dancer, choreographer, instructor and writer from India. As a soloist she is known for her technical virtuosity and has taught Bharatanatyam at Shriram Bhartiya Kala Kendra in Delhi for many years. 


33) Which Bollywood celebrity has been presented with the Social Media Person of the Year Award 2015 by the Internet and Mobile Association of India (IAMAI) on 13 January 2015?Ans:(1)

1. Amitabh Bachchan 2. Salman Khan 3. Ranbir Kapur 4. Aamir Khan. 5. Shah rukh khan 


Explanation: He was awarded for being an active blogger and user of different social networking sites. He makes the most use of social media to communicate with his fans and well-wishers. 



 34) Which Airlines announced its decision to transfer the ownership, management and control of the company from Sun Group chairman Kalanithi Maran and Kal Airways to ajay singh on 15th Jan`15.?



1. King Fisher airlines


2. Spice jet


 3. Indigo


4. Kal airways


5. None 


Explanation: Ajay is a Co-promoter of SpiceJet. SpiceJet is an Indian low-cost airline. It is the country`s second largest airline by domestic passenger share. The airline operates more than 340 daily flights to 49 destinations, including 41 Indian and 8 international cities using a fleet of Boeing 737 Next Generation and Bombardier Dash 8 Q400 aircraft.

The airline began services in May 2005 and has its registered office in Chennai, Tamil Nadu and corporate office in Gurgaon,Haryana 


 35) Name the Zone In which the Railway Minister on 13 January 2015 inaugurate India`s first compressed natural gas (CNG)-powered train?



1. Rewari-Rohtak link of Northern Zone.


 2. Secundrabad- Begumpet of Southern Zone.


3. Dadar-Panvel of Western Zone.


4. Bhopal-Habeebgung of Central Zone.


5. none


Explanation: The Rewari-Rohtak line is a railway line that connects Rewari and Rohtak in India. Train services on this line were initiated on 8 January 2013. it is the first new railway project in Haryana in thirty-three years. A new DEMU train has been started and there is also a demand that another train from Rohtak to Rewari be introduced that will return to Rohtak in the evening 


36) India-Japan Foreign Ministers` Strategic Dialogueof 8th time is scheduled to be held on 17th Jan`15 at which place?



1. Tokyo


2. Kyoto


3. Varanasi


4. New Delhi.


5. Pune


Explanation: New Delhi. External Affairs Minister Sushma Swaraj and and her Japanese counterpart Fumio Kishida will deliberate on a range of key issues including joint production of amphibious aircraft US-2, removing hurdles to finalise a civil nuclear deal, enhancing maritime security cooperation and implementing several mega infrastructure projects. 


 37) How many years ago the project LCA Tejas was started , which is now sanctioned to the Indian Air Force?



1. 5 years.


2. 12 years.


3. 32 years.


4. 25 years.


 5. 20 Years 


Explanation: 32 years. The first of the indigenously-built Light Combat Aircraft, LCA Tejas is finally expected to be handed over to the Indian Air Force on 17thJan`15 The project was sanctioned 32 years ago in 1983. This will be the start of a process of induction of the fighters being built at home under a project which has already estimated to have cost the exchequer over 17,000 crore rupees. 


38) The Sun begins its journey from which direction which that marks the transition from winter to Spring?



1. North


 2. South


3. East


4. West


5. North east


Explanation: Makar Sakranti is the beginning of Uttarayan, which is considered to be a Punya kaal. 


  39) Stephen Constantine has been appointed as the head coach of Indian men`s of which sports team on 16th Jan`15, paving the way for his return at the helm of affairs for the second time?


1. Volley ball


2. Foot ball


3. Basket ball


4. Base ball


5. Cricket


Explanation: Stephen Constantine was India coach from 2002 till 2005, during which the national team won the LG Cup in Vietnam and finished runners-up in the Afro Asian Games.


 40) Which militant is Jagtar Singh Tara, who was the Former Punjab CM Beant Singh`s assassin has been deported to India from the Thailand on 16th Jan`15?



1. Sikh Millitant


2. Islamic militant


 3. Tamil tiger Millitant


 4. Pakistani Islamic Millitant


5. Taliban millitant


Explanation: He is a Babbar Khalsa International militant, had escaped from the high-security Burail prison in Chandigarh in 2004 and was absconding before being nabbed by Thai authority.


 41) Which one among the following has bagged the award of being the best Indian language website in the year 2014 given by Internet and Mobile Association of India (IAMAI)?



1. Divya Bhaskar


2. Navbharat Times


 3. Maharashtra Times


 4. Times of India.


5. The Hindu 


Explanation: Of the several entries in the category only three portals - Navbharat Times, Maharashtra Times and Divya Bhaskar managed to reach the final shortlisting, from which NBT emerged as the winner. .


42) Javier moro is the author of the which book among the following which was launched in India, recently?



1. The Blue sari


2. The Red sari


3. The black sari


4. The Yellow sari


 5. The sari of India


Explanation: Javier Moro. is a Spanish author of a dramatized biography of Sonia Gandhi, `The Red Sari` is relieved his book has finally been published in India. 


43) Which state on 16th January 2015 was selected for the National Award for e-Governance for the best district-level initiative in Citizen-Centric Service Delivery through ICT?



1. Karnataka


2. Andhra Pradesh


3. Jammu & Kashmir


4. Maharashtra


5. Kerala


Explanation: J & K for the first time will be awarded since the institution of awards in 1997. 


 44) Baba Ramdev was appointed as state brand ambassador of which state Government on 15th Jan`15?



1. Punjab


2. Kerala


3. Haryana


4. Telangana


5. Maharashtra


Explanation: Baba ramdev appointment was a part of government of Haryana`s ambitious plans to promote yoga and ayurveda in Haryana state. 


 45) Subash Chandra agarwal is the Indian RTI activist, who was on 15th January 2015 conferred with which award 2015 by a US-based NGO Project?



1. Giraffe Hero award


2. Tiger Hero award


3. lion Hero award


4. Bull Hero award


5. Gorilla Hero award


Explanation: Subhash Chandra Agrawal. He holds the Guinness record of filing highest number of published letters to the editors. 


 46) Which country is planning with Nepal to begin joint tourism promotion campaign?


1. Indonesia


 2. Bangladesh


 3. India


4. Srilanka


5. Pakistan

Explanation: at the 51st anniversary of Nepal Association of Tour and Travel Agents (NATTA), Indian Ambassador to Nepal Ranjit Rae said that there is a need of mutual cooperation as Nepal and India are jointly promoting tourism. 

"As Nepal is a famous religious tourism destination for it has Pashupatinath, Lumbini, Muktinath and Janakpurdham. . 


 47) 2015-16 is the year which will be celebrated as........... Across the country?


1. Jal Kranthi varsh(saving water)


2. Akash Kranti varsh(ISRO`s MOM project Year)


3. Beti Kranti varsh(Save girl child scheme)


4. Arogya Kranti varsh(Health scheme)


5. Vridhha Kranthi varsh (Old people pension scheme)

Explanation: the programme will be celebrated in each district of the country and all efforts will be made to conserve and save water


 48) National Disaster Response Force (NDRF) is celebrating its ..........Raising Day on January 19, 2015? 



1. 11


2. 10


3. 9


 4. 8


 5. 7


Explanation: The National Disaster Response Force is a specialized disaster response which has proven its worth by rescuing thousands of people in several parts of country. 


 49) National Investigation Agency (NIA) Day was be celebrated on which day? 



1. January 22, 2015


 2. February 23, 2015


3. February 18, 2015


 4. January 19, 2015


5. January 20 , 2015 


Explanation: The first NIA Day was celebrated on completion of five years of the agency`s existence, on January 20, 2014. The National Investigation Agency (NIA) was set up by the National Investigation Agency Act, 2008, which was enacted as India`s law enforcement response to terrorism in the wake of the 26/11 Mumbai attacks. Late Shri R. V. Raju took over as the first Director General of the NIA on January 19, 2009. 


 50) How many branches are there UN National Investigation Agency (NIA), as on January 2015?



1. 5


 2. 6


3. 19


4. 2


5. 34


Explanation: Arvind Panagariya. He is an Indian-American economist and Professor of Economics at Columbia University and an ex-Chief Economist at the Asian Development Bank.