Economy Current Affairs
January 2nd week 2015 current affairs
Category : Economy Current Affairs
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  1) International Day to End Violence against Sex Workers was observed on which day??


 Ans : (5) 

1. 21 December


2. 18 December 3. 19 December


4. 20 December


5. 17 December .



Explanation: International Day to End Violence Against Sex Workers is observed annually on December 17 by sex workers, their advocates, friends, families and allies. Originally conceived as a memorial and vigil for the victims of the Green River Killer in SeattleWashington, United States (US), it has evolved into an annual international event. The day calls attention to hate crimes committed against sex workers worldwide, as well as the need to remove the social stigma and discrimination that have contributed to violence against sex workers and indifference from the communities they are part of. First observed in 2003 the International Day to End Violence Against Sex Workers was founded by Dr. Annie Sprinkle and the Sex Workers Outreach Project USA (SWOP-USA) 


 2) How much interest rate has been decided by the Finance Ministry for PF for the financial year 2014-15?


Ans: (2)

1. 7.75%  


2. 8.75%


3. 9.75%


 4. 10.%


 5. 4.65% 


Explanation: 8.75%. Ministry has retained the interest rate on PF deposits at 8.75% for this financial year.


 3) Chunibhai Vaidya is the freedom fighter who actively participated in the Vinoba Bhave`s Bhoodan Movement and passed away on...........?




1. 20 dec ` 14


2. 19 dec ` 14


 3. 21 Dec ` 14


4. 22 Dec ` 14


5. 25 Dec ` 14 


Explanation: Chunibhai Vaidya. He is known as Gandhian and freedom fighter. 


 4) Microsoft Corporation is the company that has made agreement with which City to make it the smart city?


Ans: (2)


1. Varanasi


 2. Surat


 3. Hyderabad


4. Visakhapatnam


5. Vijayawada 


Explanation: Microsoft Corporation. As a part of this agreement Microsoft would bring innovative and online solutions in civil services and make them more efficient, responsive and people centric. 


 5) Name the state that has reduced the retirement age of government school teachers from 60 to 58 years, recently




1. Telangana


 2. Tripura


3. Sikkim


 4. Karnataka


5. Andhra Pradesh 


Explanation:Sikhism. The state government has amended the existing rule adding that those teachers who have attended the age of 58 years and are still continuing their services shall retire by 31st December this month. 


 6) Electricity (Amendment) Bill 2014 was introduced in the Lok Sabha on?




1. 20 December ` 14


2. 19 December `14


3. 21 December ` 14


4. 22 December ` 14


 5. 18 December `14 


Explanation: The Bill seeks to improve the distribution system by giving choice to the consumer, promotion of renewable energy, maintenance of grid security, rationalisation of tariff determination and strengthening of Regulatory Commissions. 


 7) Ukraine Freedom Support Bill 2014is the Bill , that was signed by the US President Barack Obama on 18th Dec`14 authorizing more sanctions on which country for its role in the Ukraine Crisis?




1. Pakistan


2. Japan


3. Russia


4. Iran


5. Iraq 


Explanation:  Ukraine Freedom Support Bill 2014. With this, the Bill has now become Ukraine Freedom Support Act, 2014. The Act also authorizes 350 million US dollars in lethal and non-lethal military aid to the Ukrainian government, including anti-Tank weapons, munitions and surveillance drones.


 8) Michael Garcia has resigned as Independent Chief Ethic Investigator of Federation International de...... Association Ethics Committee on 18th Dec`14? 




1. Football (FIFA)


2. Cricket (IPL)


3. Kabaddi


 4. French Open Tennis


5. None 


Explanation: Michael Garcia. He resigned from the post in protest over the handling of his 430-page report on awarding the bid for the 2018 and 2022 World Cups to Russia and Qatar respectively.


 9) Name the Bill For which , the Constitution Amendment Bill was tabled in the Lok Sabha on 19th Dec`14?



1. Income Tax Bill


2. Motor Vehicles Bill


3. Electricity Amendment Bill


 4. Goods and Service Tax Bill


5. None


Explanation: Goods and Service Tax (GST) Bill. Moving the Constitution (One Hundred and Twenty Second Amendment) Bill, 2014, Mr. Jaitley said adequate safeguards have been taken in the Bill to maintain the rights of states on taxes.


 10) Munawwar Rana is which language poet who won the Sahitya Akademi Award 2014? 



1. Hindi


2. Urdu


3. Sanskrit


4. Bengali


5. Kannada 


Explanation: Munawwar Rana. He was born in Rae Bareli in 1952, an accomplished Urdu-Hindi writer and his poetry is appreciated in Mushairas across the world. 


 11) Ashley Westwod is the person who has been proposed as the coach of which country`s Football Coach?



1. Germany


2. India


 3. Srilanka


4. Kenya


5. Bangladesh 


Explanation: Ashley Westwood. He has won the vote of confidence from the AIFF and his appointment only needs to be stamped by the technical committee which meets in Mumbai on 21st Dec`14.


 12) Novak Djokovic and the other is which tennis player who has been named as World Champions for 2014?



1. Maria Sharapova


2. Venus Williams


3. Serena Williams


 4. Martina Verrekka


 5. Emma Watson


Explanation: Novak Djokovic and Serena Williams. It is the fourth time that Djokovic has taken the top award after he won Wimbledon, the ATP World Tour finals and finished the year ranked number one in the world by the ATP.


 13) Srinivasa Ramanujan birth anniversary was celebrated as National Mathematics Day on..............?



1. 22 December ` 14


 2. 23 December `14


3. 24 December ` 14


4. 30 December ` 14


5. 12 December ` 14 


Explanation:  Srinivasa Ramanujan. Ramanujan and British Mathematician Hardy discovered the smallest number represented as sum of two cubes 1729 which came to be known as Hardy-Ramanujan number. The 127th birthday of great Indian Mathematician Srinivasa Ramanujan is celebrated as National Mathematics Day.


 14) On 21st Decmber 2014, The 4th Kolkata International Children`s Film Festival began with the screening of Kaphal in which city?



1. Imphal


2. Hyderabad


 3. Kolkata


4. Aizwal


5. Thiruvananthapuram 


Explanation: On 21st Dec`14. The festival will screen 180 films from India and 25 foreign countries. Workshops on films and an exhibition to commemorate 125 years of Charlie Chaplin have also been organised.


= 15) Arjun Atwal has won the Inaugural edition of which among the following Open Golf Championship title on 21st Dec`14?



1. French Open Golf Championship title


2. Dubai Open Golf Championship title


3. Srilanka Open Golf Championship title


4. Australia Open Golf Championship title


 5. Germany Open Golf Championship title 


Explanation:  Arjun Atwal. Korea`s Wang Jeung-hun came second. Among other Indian golfers, Shiv Kapur was placed a joint 11th with Gaganjeet Bhullar.

 16) Atletico De Kolkata won the inaugural Indian Super League 2014 or ISL football tournament beating ...............Blasters on 20th Dec`14?



1. Delhi


 2. Kerala


3. Uttar Pradesh


4. Jharkhand


5. Goa


Explanation: With this, the Indian Super League trophy has gone to the traditional and most passionate home of Indian football Kolkata.



 17) Elano Blumer is the football player who won the Golden Boot award for scoring the highest number of goals in the inaugural Indian Super League (ISL) that concluded on 20th Dec`14. He belongs to which country?



1. Germany


 2. Brazil


3. France


 4. Japan


5. Australia 


Explanation:  Elano Blumer (Chennaiyin FC). He is a Brazilian player.



 18) Which country has won the Men`s and Women`s Kabbadi World Cup in Dec`14?



1. Indonesia


2. Japan


3. Pakistan


4. India


5. Srilanka 


Explanation: India. The Indian men`s team defeated Pakistan 45-42 for the fourth time, while the women team beat New Zealand 36-27 for the second time in a row.


 19) Who is the Indian-origin person inducted into an Australian national body Australian Multicultural Council (AMC) in Dec`14?



1. Vasan Srinivasan


 2. Varun Sandeshen 3


. Srikara Srivastav


 4. Shankar Prasad


5. Vishnuvardhana Jiyyer


Explanation: Vasan Srinivasan. He is the Founder, Member, and Chairman of the Multicultural Liberal Business Club (MLBC). Earlier, he served as the president of Federation of Indian Associations of Victoria.


 20) Recently, Among the following Identify , Which Asian country became the Associate Member Sate of CERN (European Organization for Nuclear Research) in Dec`14?



1. Srilanka


 2. Pakistan


3. China


4. Nepal


 5. Bangladesh


Explanation: Pakistan. It will allow Pakistani scientists to become members of the CERN staff, and to participate in CERN`s training and career-development programmes.


 21) According to the findings released by the National Sample Survey Office (NSSO) from its 70th Situation of Agricultural Households in India on 20th Dec`14, which is the most commonly grown crop in the first half of the year?



1. Rice


2. Jowar


3. Maize


4. Wheat


 5. Jute 


Explanation: Wheat. There are six wheat classifications: 1) hard red winter, 2) hard red spring, 3) soft red winter, 4) durum (hard), 5) Hard white, 6) soft white wheat. The hard wheats have the most amount of gluten and are used for making bread, rolls and all-purpose flour. The soft wheats are used for making flat bread, cakes, pastries, crackers, muffins, and biscuits.


 22) How much percent of farmers have less than two hectares land, According to the findings released by the National Sample Survey Office (NSSO) from its 70th Situation of Agricultural Households in India on 20th Dec`14? 



1. Around 80%


2. Around 90%


3. Around 70%


 4. Around 67%


5. Cannot be determined 


Explanation: The National Sample Survey Organisation (NSSO), now known as National Sample Survey Office, is an organization under the Ministry of Statistics of the Government of India. It is the largest organisation in India conducting regular socio-economic surveys. It was established in 1950.

Employees of NSSO belong to Indian Statistical service(appointment through Union Public Service commission) and Subordinate statistical service(appointment through staff selection commission). NSSO has four(4) divisions: 

1. Survey Design and Research Division (SDRD) 2. Field Operations Division (FOD) 3. Data Processing Division (DPD) 4. Co-ordination and Publication Division (CPD) 


 23) Among the following, Which is the most profitable crop in India, According to the findings released by the National Sample Survey Office (NSSO) from its 70th Situation of Agricultural Households in India on 20th Dec`14? 



1. Jute


2. Sugarcane


3. Maize


4. Jowar


 5. Cereals 


Explanation: Sugarcane. This gives its cultivator an average of over Rs 80,000 per season.


 24) Rajinder Khanna is the person who has been appointed as the new Director of which Wing, which is the India`s external intelligence agency during December 2014?



1. Research and Analysis Wing (RAW)


 2. Police and Analysis Wing (PAW)


 3. Intelligence and Analysis Wing(IAW)


4. Cops and Analysis wing (CAW)


5. Milletary and Analysis wing(MAW) 


Explanation: Rajinder Khanna. He is a 1978 batch IPS officer and will succeed Alok Joshi. 


 25) Who is the person , who has been appointed as the new Director-General of the Central Reserve Police Force (CRPF) by the Union Govt. on 20th Dec`14?



1. Prabhath Kumar


2. Prakash Mishra


 3. Prem Kumar


 4. Prabhath Mishra


5. Vinod Khanna


Explanation: Prakash Mishra. He is senior 1977-batch IPS officer of the Odessa cadre and has served as Director-General of the Odisha Police and in the National Investigation Agency (NIA).



26) Flipkart is the e-commerce company that has filed application to become a public company with which country based companies` regulator ACRA on 20th Dec`14? 


Ans : (3) 


1. Australia


2. Sweden


 3. Singapore


4. Switzerland


5. London 



Explanation: Flip kart. It is being based operated through Singapore from where it is now being incorporated as a public company. 


 27) Identify the theme announced by the Union Government for the calendar of the year 2015?


Ans: (1)

1. Clean India Green India


2. Revolutionary India


3. India with Smart Cities


4. Swachh Bharath


5. None


Explanation: :- Clean India Green India. The Union Minister of Information and Broadcasting Minister Arun Jaitley launched the calendar and its mobile app. 


 28) Name the state government with which, the Inland Waterways Authority of India (IWAI) on 22nd Dec`14 signed the Memorandum of Understanding (MoU) to develop commercially viable stretches of National Waterway 5?



1. Assam


2. Odessa


3. Manipur


4. Meghalaya


5. Tripura


Explanation: Odessa Government. In the National Waterway-5, East Coast Canal has been integrated with Brahmini River and Mahanadi Delta Rivers (588 km).


 29) Gopal Vinayak Godse and Nathuram Vinayak Godse are the authors of which book ,, that was in news in Dec`14?


Ans: (1)

1. `Why I assassinated Gandhi`


 2. `Gandhi`s Death`


 3. `Is Gandhi`s Acts are true`


4. `Assassination of Gandhi`


5. Godse Vs Gandhi 


Explanation: The revised edition has been compiled and edited by Virender Mehra. 


 30) Which company was licensed by Reserve Bank of India (RBI) on 22nd Dec` 14 to operate as non-banking financial company (NBFC)?



1. Haldiram Indian Snacks Ltd.


2. Mahaseer Investment Pvt Ltd


3. Janam credits and holdings Pvt Ltd


 4. Prithvi Leasing and Finance Pvt Ltd


5. Ford Credit India 


Explanation: Ford Credit India. It is a subsidiary of Ford Motor Credit Company. 

 31) HRIDAY scheme is a scheme for conserving and preserving the heritage characters of how many cities. ?



1. 10


 2. 11


3. 12


4. 13


 5. 14


Explanation: It has been launched by the Union Government in Dec`2014. The 12 Cities are These are: Amritsar, Varanasi, Gaya, Puri, Ajmer, Mathura, Dwarka, Badami, Velankanni, Kanchipuram, Warangal (Telangana) and Amaravati (Andhra Pradesh). The scheme aims at developing tourism and job creation because India`s rich cultural, historical, religious and natural heritages have a huge potential of tourism.


 32) Rosetta is the mission which has been named as the most important scientific breakthrough of the Year 2014 by the science journal released on Decp4?



1. French


2. Asian


3. European


4. American


5. None


Explanation: Rosetta, European Space Mission. Rosetta landed its three-legged Philae module on the comet 67P/Churyumov-Gerasimenko on 12 November 2014, 10 years after the spacecraft was launched. 


 33) Beji Caid Essebsi has won which country`s first free presidential election held on 21 December?



1. Tunisia


 2. Brazil


 3. Zambia


 4. Cambodia


 5. Cuba 


Explanation: This election was Tunisia`s first free presidential election since independence from France in 1956. 


 34) According to the 2013 data for the Sample Registration Survey (SRS), conducted by the Registrar General of India (RGI), which was released on 22nd Dec`14, In how many states the Total Fertility Rate (TFR) has fallen below 2? 



1. 3


2. 4


 3. 5


4. 8


5. 9 


Explanation: Eight states viz. Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Jammu & Kashmir, Punjab and Himachal Pradesh. TFR is the average number of children that will be born to a woman during her lifetime. 


 35) Shyam Srinivasan has been appointed as the Chairman of the reconstituted Indian Bank`s Association Committee on Member Sector Private Banks for 2014-15. He is the CEO of which Bank?



1. Axis Bank


2. Federal Bank


3. Western Union Money Transfer


 4. HSBC


5. None


Explanation: He is the CEO of Federal Bank. He is a member of the committee on Financial Sector Legislative Reforms set up by the Reserve Bank of India. 


 36) How Many country`s leaders on 22nd Dec`14 reached an agreement to hold new round of peace talks on Ukraine?



1. 3


2. 4


 3. 5


4. 6


5. 7


Explanation: Ukraine, Russia, France & Germany. The negotiations talks will be held in Belarusian capital, Minsk on 24 December and 26 December 2014. 


 37) According to the announcement made by the Ministry of External Affairs (MEA) on 22nd Dec`14, which state will host 13th Pravasi Bharatiya Divas (PBD) from 7th Jan to 9th January 2015?



1. Kerala


 2. Gujarat


3. Maharashtra


4. Tripura


5. Andhra Pradesh 


Explanation: Gujarat. The 13th edition of PBD will mark the 100th year of Mahatma Gandhi`s return to India from South Africa. 


 38) Central Government decentralized implementation of Swachh bharat Mission, From which areas?



1. Urban Areas


2. Rural Areas


3. Metropolitan Cities


4. Semi Metropolitan Cities


5. Rural Towns


Explanation: Urban Areas. As per the implementation guidelines approved by the Minister of Urban Development Shri M.Venkaiah Naidu, urban local bodies (ULBs) and state/UT governments have been fully empowered to propose and approve the projects. 


 39) Humayun Tomb and which other is the monument for which Ministry of Culture launched E-ticketing on 26th Dec`14?



1. Red Fort


2. Qutub Minar


3. Taj Mahal


 4. Charminar


 5. Golden Temple


Explanation: Taj Mahal and Humayun Tomb. Similarly, in a path breaking initiative, 24x7 Incredible India Tourist Helpline launched along with Special Welcome Cards for foreign tourists arriving at 9 International Airports.


 40) Nitin Sathe is the author of the book `A Few Good Men and the Angry Sea`. Nitin was a..........................?



1. Navy Chief


2. Air Commander


3. Army General


4. General Lieutenant officer


 5. None


Explanation: Air Commodore Nitin Sathe. The book is a recollection of memoirs of the author who, as a Wing Commander, was posted to Air Force Station Carnicobar following the tsunami.


 41) Prime Minister Narendra Modi inaugurated a five-day cultural festival on 25th Dec`14 at Varanasi. What is the name of that festival?



1. Dharma chintana


2. Bharatiya Sampradaya


3. Sanskriti


4. Sanskriti- Sampradaya


 5. Sanskriti Roshan 


Explanation: At Varanasi. The five-day cultural festival will highlight the rich cultural heritage of India through performances of music, dance, drama, poetry, screenings of films on cultural themes, exhibitions of art and literary works. .


 42) Who is the person who has become the first non tribal Chief Minister of Jharkhand?



1. Mr. Raghuveer Das


2. Mr. Raghubar Das


 3. Mr. Santh Das


4. Mr. Vinod Das


 5. Mr. Maruthi das


Explanation: Mr. Raghubar Das. Earlier he was a deputy Chief Minister of India. Jharkhand has had nine governments and three stints of President`s Rule since it was created in 2000. In its election campaign, the BJP had promised a stable government in the state. It did not project a chief ministerial candidate and built its campaign around Prime Minister Narendra Modi and his development agenda 


 43) Which Foundation Day of Congress Party was celebrated on 28th dec , 2014? 



1. 130


2. 131


3. 132


4. 133


5. 134


Explanation: 28th December 2014. The first session of the party was held at Mumbai between December 28 and December 31, and was attended by 72members.


 44) After 13 years NATO formally ended its war in which country on 28th Dec`14 holding its ceremony in Kabul?Ans:(2)

1. Pakistan


 2. Afghanisthan


3. Zambia


4. Iraq


5. Baluchistan


Explanation:  13 years. The US-led International Security Assistance Force (ISAF) combat mission, which has suffered 3,485 military deaths since 2001, will be replaced by a mission named NATO training and support mission. 


 45) Which country has emerged as the second largest foreign trading partner of Dubai after China in the first nine months of 2014?



1. Indonesia


 2. Japan


3. India


4. Srilanka


 5. Canada


Explanation: India. As per the figures released by Dubai Customs, China was Dubai`s top foreign trade partner during this period, with a trade value of 34 billion dollars, up 27 per cent over the previous year. India followed next with the trade worth 21.78 billion dollar. 


 46) Who among the following is the women player who won her maiden 25,000 US Dollar ITF singles title on 27th Dec`14 in Pune?



1. Ankita Raina


 2. Anjali Sharma


3. Aruna Irani


4. Arundathi Rai


5. Akhila Agarwal


Explanation: Ankita Raina. She became the first Indian to clinch the title in the tournament after 14 years. The 21-year old Ahmedabad-born player defeated British teenager Katy Dunne. 


 47) To which country, Air Asia plane was flying when it got vanished over Indonesian waters on 28th Dec`14?



1. Malaysia 2. Singapore 3. Srilanka 4. Bangladesh 5. Nepal


Explanation: It was flying to Singapore from the Indonesian city of Surabaya. The search area has been concentrated around the island of Biliton in the Java Sea, that`s where the plane last made contact with air traffic control.


 48) Who is the Indian bowler who was banned from bowling in competitive matches due to suspect action by BCCI? 



1. Pragyan Ojha


 2. Bhuvaneshwar Kumar


3. Ravichandran Ashwin


4. Ishanth Sharma


 5. None


Explanation: Pragyan Ojha, left-arm spinner bowler. Ojha`s action has been under cloud for quite some time. He is the quickest Indian bowler to reach to 100-wicket milestone in Tests. He has taken 113 wickets in 24 Test matches.


 49) Identify the political party that became the first in India to have more state legislators than the other parties across the country?



1. CPI


2. BJP


3. Janatha Dal


4. CPM


5. Congress 


Explanation: Bharatiya Janta Party (BJP). The total number of BJP state legislators (MLAs) stood at 1058 while there were 949 Congress legislators across the country. 


 50) Identify the celebrity for whom, the ANR Award by Akkineni International Foundation was given on 28th Dec`14?



1. Shahrukh khan


 2. Aamir khan


 3. Amitabh Bacchhan


4. Salman Khan


 5. None


Explanation: Amitabh Bachchan. He has also been awarded with the Yash Chopra Memorial Award in recognition of his decades old contribution towards Indian film Industry on 27th Dec`14.