Economy Current Affairs
December 5th week 2014 current affairs
Category : Economy Current Affairs
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 1) How much amount of compensation is approved by the government on 10th Dec`14 for 1984 riot victims?

Ans : (2)

1. 1 lakh

2. 5 Lakh

3. 6 Lakh

4. 7 Lakh

5. 9 Lakh


Explanation: 5 Lakh Rupees. The Compensation to the families of the riot victims will be given in addition to what they have so far received from the government and other agencies.


 2) Name the state government which has formally launched crop loan waiver scheme on 11th Dec`14?

Ans: (3)
1. Telangana

2. Gujarat

3. Andhra Pradesh

 4. Karnataka

5. Kerala

Explanation: Andhra Pradesh Government. Chief Minister N ChandraBabu Naidu has formally launched the scheme in Chittoor.


 3) Identify the state`s Office of which , the Chief Electoral officer has appointed gymnast Dipa Karmakar as its publicity icon for pro-voting and new voters` enrollment publicity campaign on 11th Dec`14?


1. Nagaland

2. Manipur

3. Tripura

4. Meghalaya

5. Mizoram

Explanation: Tripura. She is the first Indian woman and second person from the country to clinch a Commonwealth Games medal in artistic gymnastic.


 4) Name the state In which , the Admiral`s Cup Sailing Regatta began at the Indian Naval Academy on 11th Dec`14?

Ans: (1)

1. Kerala

 2. AP

3. Telangana

4. Goa

5. Punjab

Explanation:  Ezhimala, Kerala. 18 countries including India are participated in the three day event being held at the picturesque Ettikulam Bay.


 5) "Mawphlang Sacred Grove" is the site of which state which is all set to become the first Biodiversity Heritage Site in the state?


1. Nagaland

 2. Tripura

3. Meghalaya

 4. Goa

 5. UP

Explanation: It is a rare treasure of orchid species and medicinal plants in East Khasi Hills District.


 6) Among the following Identify Which state`s office of the Postmaster General has provided e-post facility of greeting Super Star Rajnikanth on 12th Dec`14?


1. Tamilnadu

2. Karnataka

 3. Kerala

4. AP

5. Maharashtra

Explanation: The Office of the Postmaster General Chennai City, Tamil Nadu. Incidentally Rajnikanth`s block buster Lingaa will be released on the same day all over the world.


 7) Randhir Singh has been appointed as an honorary member of the International Olympic Committee (IOC) during the IOC session held in which country on 8-9th Dec`14?


1. Mozambique

2. Monaco

3. Mongolia

 4. Malaysia

5. None

Explanation: Randhir Singh. He served IOC as a full member from India from 2001 to 2014.


 8) How many nuclear energy sectors would be supplied by Russia`s state owned Rosatom, In next 20 years?


1. 12

2. 13

3. 14

4. 16

5. 17

Explanation: 12 Nuclear Energy Reactors. This was announced on 11th Dec`14 during visit of Russian President Vladimir Putin.


 9) According to the recommendations made by the PM Narendra Modi to United Nation Organisations (UNO), 21st June will be observed as which day?

1. World Transport Day

 2. World Yoga Day

 3. World Meditation Day

4. World Aerobics day

5. World Panchakarma Day

Explanation:  21st June. The UNO on 11th Dec`14 declared World Yoga Day.


 10) Shandong Ruyi Science & Technology Group is the company purchasing 49% stake in `Vimal` textile brand of Mukesh Ambani`s Reliance Industries Limited. This Shandong Ruyi company belongs to which country?

1. China

2. Japan

3. Indonesia

4. Srilanka

5. Nepal

Explanation: Shandong Ruyi Science & Technology Group Ltd. engages in rabbit hair spinning, textile and clothing, cotton printing and dyeing, knitting, and real estate businesses. It provides cotton textiles, fibers, worsted woolen piece goods, angora yarns, knitwear, jeans, suits, outer garments, and wool products. The company was founded in 1972 and is based in Jining, China with operations in Europe, America, Japan, and Korea.


 11) Xiaomi is the.............. Mobile company banned from importing and selling its mobile phones in India after an interim order on 11th Dec`14 passed by the Delhi High Court?

1. Chinese

 2. Japanese

 3. Russian

 4. American

5. Canadian

Explanation: Xiaomi. It is banned due to charges of patent infringement. The world`s 3rd largest smartphone distributor, Xiaomi designs, develops, and sells smartphones, mobile apps, and consumer electronics


 12) Who is the Indian player who became the fourth Indian to smash a century in his first Test debut as captain?

1. Shikhar Dhawan

2. Virat Kohli

3. Chetheshwar Pujara

4. Yuvraj Singh

5. Rohit Sharma

Explanation:  Virat Kohli. He made century against Australia in the first Test Match on 11th Dec`14.


 13) Six gold medals were won by India at the 11th International Junior Science Olympiad (IJSO) held in Mendoza, of which country?

1. Algeria

2. Argentina

 3. Norway

4. Bhutan

5. India

Explanation:  6 Gold Medals. A team of six Indian students have won 6 gold medals at the 11th International Junior Science Olympiad (IJSO). Team India also bagged the Country Winner medal.


 14) Platinum Jubilee of INS Circars was celebrated on which day?

1. 12h December

2. 13th December

3. 14th December

4. 15th December

5. 16th December

Explanation: 12th Dec`14. INS Circars, the first Naval establishment in Visakhapatnam is celebrating Platinum Jubilee. The origin of the name "Circars" relates to the Nizam of Hyderabad, who ruled this land. The Nizam was addressed as "Circar", which in the Urdu language means "His Highness".


 15) Among the following , In which state the four days Tansen Sangeet Samaroh begins from 12th Dec`14?

1. Madhya Pradesh

2. Maharashtra

 3. Goa

4. Telangana

 5. Kerala

Explanation: Gwalior, Madhya Pradesh. The "Tansen Sangeet Samaroh" is completing 90 years this year.

 16) Who is the Indian , who has been honored with the Life Time Achievement Award at the Dubai International Film Festival on 12th Dec`14?

1. Latha Mangeshkar

2. S P Balasubramanyam

3. Asha Bhonsle

4. Smrithi Irani

5. Sushma Swaraj

Explanation:  Asha Bhonsle. The octogenarian singer has recorded more than 12,000 songs and is known for her versatility in folk songs, Indian classical music, pop songs, ghazals and bhajans. She is the fifth Indian film personality to receive the Life Time Achievement Award at DIFF.


 17) World`s largest cruise ship terminal has been opened in Dec`14, In which country?

1. Dubai

 2. Afghanistan


4. Canada

5. Pakistan

Explanation: Dubai. The third cruise terminal at Port Rashid in Dubai was unveiled by the Crown Prince of Dubai, Sheikh Hamdan. The Hamdan bin Mohammed Cruise Terminal is spread over 28,000 square meters and can handle14,000 cruise passengers a day.


 18) UN Climate Change Conference held In which country on Dec’2014?

1. Peru

2. Srilanka

 3. Mangolia

4. Brail

5. Bhutan

Explanation: Lima, Peru. UN Climate talks in Lima ran into extra time as the negotiators on 13th Dec`14 struggled to break a deadlock between rich and developing countries aiming to the draft text of a new agreement to be signed in Paris next year.


 19) Which has adopted five villages for the development and complete transformation in Assam state as a First step of Academic Establishment?

1. NIT Silchar

2. NIT Warangal

3. NIT Pune

4. NIT Delhi

5. NIT Madras

Explanation: National Institute of Technology (NIT), Silchar. NIT SIlchar adopted Fakirtilla, Madhutilla, Babutilla, Tambutilla and Ghungoor villages. The youth have already been imparted training on skill for manufacturing low cast solar heating system by the institution. Other activities, which would be focused on including projects for providing safe drinking water, improvement of toilet and sanitation facilities and e-education through D-DAC.


 20) By how much percent the Industrial Production in India declined in October`14?

1. 4.2%

2. 3.4%

 3. 4.5%

4. 5.6%

5. 1.2%

Explanation: The industrial production contracted by 4.2 per cent in October, sharpest decline in at least two years, on poor show by manufacturing sector and dip in the output of capital as well as consumer goods.


 21) How much was the consumer price or retail inflation in November 2014 as announced by the govt. on 12 December 2014?

1. 4.38%

2. 3.45%

3. 5.67%

4. 1.24%

5. 2.34%

Explanation: Contains price indices, percentage changes and weights for the Consumer Prices Index (CPI), Retail Prices Index (RPI) and the components that make up these indices. Internationally, the CPI is known as the Harmonised Index of Consumer Prices (HICP)


 22) Which movie completed 1000 week at a Maratha Mandir Cinema Hall, Mumbai on 12th Dec`14?

1. Kuch Kuch Hotha Hai

2. Dilwale Dulhaniya Le Jayenge

3. Kaho Naa Pyar Hai

4. Refugee

5. Dhai Akshar Prem ke

Explanation: `Dilwale Dulhania Le Jayenge`, Hindi film directed by Yash Chopra. also known as DDLJ, is a 1995 Indian romantic drama film. It was written and directed by debutante director Aditya Chopra, produced by his father Yash Chopra, and stars Shah Rukh Khan and Kajol.


 23) What is the Name of the book based on the life struggle of Arunima Sinha released by Prime Minister Narendra Modi on 12th Dec`14?

1. Born Again on the Valley

2. Born Again on the Mountain

 3. Born Again on the Moon

4. Born Again on the book

5. Born Again on the Rock

Explanation: "Born Again on the Mountain ". She is the first female amputee to climb Mt. Everest.


 24) What is the Name of the bill passed on 12th Dec`14 that provided fresh auction of 204 coal blocks de-allocated by the Supreme Court in Sep`14?

1. Coal Mines (Special Provisions) Bill

 2. Mining Earth (Special Provisions) Bill

 3. Mining India (Special Provisions) Bill

4. Coal Mining (Special Provisions) Bill

5. None

Explanation: :- Coal Mines (Special Provisions) Bill. This bill replaces the ordinance promulgated by the Union Govt. in Oct`14.


 25) What is the name of the Bill passed by United Nation on 11th Dec`14 that authorised the use of military force against the dreaded Islamist State militant group?

1. AUMF bill

2. AUMH Bill

3. AUVB Bill

4. AUKL Bill

5. AUMD Bill

Explanation: Authorization for use of Military Force (AUMF) Bill. The bill allows the President to use military force against ISIS for up to three years.


26) Identify, Which services company may come under Revised Consumer Protection Act?

Ans : (2)

 1. Postal Services

 2. Email Services

3. Telephone Services

4. Both 1 & 3

 5. None


Explanation:  Consumer protection Act is An Act to provide for better protection of the interests of consumers and for that purpose to make provision for the establishment of consumer councils and other authorities for the settlement of consumers` disputes and for matters connected therewith.
Expl: E-mail services company such as Yahoo, Google.


 27) Which India`s bank launched India`s first transparent credit card in association with American Express on 12th Dec`14?

Ans: (2)
1. Axis Bank


 3. HDFC

4. Oriental bank of Commerce

 5. Canara Bank

Explanation: ICICI Bank. The credit card named ICICI Bank Coral American Express Credit Card.


 28) David Warner is which country cricketer who became the first opener to complete 1000 Test runs in one calendar year?

1. Australia

 2. New Zealand

3. Kenya

4. England

5. None

Explanation: David Warner. He became the first opener to achieve the feat in one calendar year since England skipper Alastair Cook in 2012.


 29) Anurag Jain is the person appointed as the Prime Minister’s Office on 10th Dec`14?

Ans: (1)
1. Joint Secretary

2. Financial Advisor

3. Additional Secretary

 4. Personal Secretary

5. None

Explanation: Anurag Jain. He has also served as an Acting Chairman and Acting Managing Director of Export-Import Bank of India from December 2013 to February 2014.


 30) Which country has won the Champions Trophy Hockey title on 14th Dec`14 in Bhubaneswar?

1. Australia

 2. Germany

3. England

 4. Argentina

 5. Brazil

Explanation: Germany. Germany defeated Pakistan by a convincing 2-Nil margin. Earlier, India lost to Australia 1-2 in a hard-fought bronze medal play-off match of the eight-nation tournament.

 31) Mohammad Tousiq and which other Pakistani Hockey player suspended by the International Hockey Federation (FIH) from playing in the Champions Trophy final?

1. Younis Khan

 2. Yousaf Khan

3. Amjad Ali

 4. Ali Mohammad

5. Abdul Ali

Explanation: Amjad Ali and Mohammad Tousiq. The action came after the two players were found guilty of making obscene gestures towards spectators following their semi-final win against India in Bhubaneswar on 13th Dec`14.


 32) Australia Player David Warner and the two Indian Players, the one Virat Kohli and the other one is which player, who have been found guilty of breaching the ICC Code of Conduct during Day 4 of the first Cricket Test at Adelaide, which concluded on 13th Dec`14 with Australia as winners?

1. Shikhar Dhawan

2. Chetheshwar Pujara

 3. MS Dhoni

 4. Yuvraj Singh

5. Rohith Sharma

Explanation: The three players were charged under Level 1 Article 2.1.8 of the ICC Code of Conduct for Players and Player Support Personnel, which relates to "conduct that either: (a) is contrary to the spirit of the game; or (b) brings the game into disrepute


 33) Yuzuru Hanyu is the first skater of which country , to win the title back to back in the men`s division of Grand Prix Final held in Barcelona, Spain on 13th Dec`14?

1. China

 2. Japan

3. Australia

4. Kenya

 5. South Korea

Explanation: He is a Japanese figure skater who competes in the men`s singles discipline. He is the 2014 Olympic champion, the 2014 World champion, a two-time Grand Prix Final champion (2013-14, 2014-15), the 2010 World Junior champion, and a two-time Japanese national champion (2012, 2013). He is the only man to break the 100-point barrier in the men`s short program.


 34) How much amount of money has been pumped into stocks so far in 2014 calendar year?

1. Over 2 lakh

2. Over 4 Lakh

3. Over 1 Lakh

4. Over 7 Lakh

 5. Over 3 Lakh

Explanation: Over One-Lakh Crore Rupees. The FIIs had made a net infusion of 1.1 lakh crore rupees into equity markets during 2013, while a record high amount of 1.3 lakh crore rupees was pumped in the year 2010. This would be the fourth time in history that net FII inflows for a year would cross 1 lakh crore rupees mark.


 35) Who has broken the world record for the longest graffiti wall in its most populous city?


2. UAE

3. USA

 4. Canada

5. UK

Explanation:  United Arab Emirates. While graffiti artists can be arrested here for defacing walls, streets or public buildings, hundreds have been invited from around the world to create the record-breaking piece of art to celebrate the UAE`s 43rd National Day.


 36) Yogacharya B.K.S. Iyengar Birth Anniversary was observed on ?Ans:(2)
1. 13th December

2. 14th December

 3. 15t December

4. 16th December

 5. 17th December

Explanation: Bellur Krishnamachar Sundararaja Iyengar (14 December 1918 - 20 August 2014), better known as B.K.S. Iyengar, was the founder of the style of yoga known as "Iyengar Yoga" and was considered one of the foremost yoga teachers in the world. He has written many books on yoga practice and philosophy including Light on Yoga, Light on Pranayama, and Light on the Yoga Sutras of Patanjali. Iyengar yoga classes are offered throughout the world. Iyengar was one of the earliest students of Tirumalai Krishnamacharya, who is often referred to as "the father of modern yoga". He has been credited with popularizing yoga firstly in India and then around the world


 37) Name the person , Who has been appointed as the new Chief of Intelligence Bureau with effect from 2015?

1. Dineshwar Shama

2. Dinakar Sharma

3. Virendra Sharma

4. Yogender Sharma

5. None

Explanation: Dineshwar Sharma. He is a special director in the Intelligence Bureau.


 38) Among the following, Who has won the Miss Universal Peace & Humanity 2014 title held at Beirut in Dec`14?

1. Ruhi Singh 2. Rakhi Sinh 3. Anandi Singh 4. Gowri Singh 7. Sumitra Singh

Explanation:  Ruhi Singh. She becomes the first Indian to win this pageant.


 39) Dahi Handi is the activity declared by which state Government as an adventurous sport to make it a safe sport?

1. Madhya Pradesh

2. Uttar Pradesh

 3. Maharashtra

 4. Uttarkhand

 5. Jharkhand

Explanation:  Dahi Handi. is an Indian festival, celebrated every August, that involves making a human pyramid and breaking an earthen pot filled with curd tied at a convenient height. This event is based on the legend of the child-god Krishna stealing butter. A participant in this festival is called agovinda or govinda pathak. It is mostly popular in the state of Maharashtra and Mumbai. It is part of the main festival Gokulashtami, which is known as Krishna Janmashtami in the rest of the country, and celebrates the birth of Krishna.


 40) Madan Mitra is which state`s first Cabinet Minister to be arrested by the CBI in connection with the Saradha Chit fund scam?

1. Uttar Pradesh

 2. West Bengal

3. Goa

4. Telangana

5. Andhra Pradesh

Explanation: Madan Mitra, Transport Minister of West Bengal.


 41) Rolene Strauss been crowned with Miss World 2014 at the contest`s glitzy final in London on 14th Dec`14. She belongs to which country?

1. Australia

 2. USA

3. South Africa

 4. Canada

 5. Venezuela

Explanation: Rolene Strauss. She is Miss South Africa and 22 year old. Miss Hungary, Edina Kulcsar, was judged the runner-up and Miss United States, Elizabeth Safrit, came third in the 64th annual competition, contested by women from 121 countries. .


 42) Who is the celebrity ranked first in the Forbes India list of the year 2014?Ans:(2)
1. Shahrukh khan

 2. Salman Khan

 3. Aamir Khan

4. Hrithik Roshan

5. None

Explanation: Salman Khan. His total earnings is Rs. 244.50 Crores. Second Place occupied by Amitabh Bachchan with Rs. 196.75 Crores and third position is achieved by Shahrukh Khan.


 43) Sardar Vallabhbhai Patel 64th Death Anniversary was observed on?

1. 15th December

2. 16th December

 3. 12th December

 4. 10th December

8. 9th December

Explanation: 15th December 2014. Born on October 31, 1875, Sardar Patel played a vital role in the country`s struggle for independence.


 44) Name the place at which several scientists from SAARC countries will come together on 15th Dec`14 for a five-day workshop that aims to throw light on the impact of climate change on coral reefs and protection of the environment?

1. Kavarthi

2. Imphal

3. Aizwal

4. Port Blair

 5. Puducherry

Explanation: Port Blair, Andaman and Nicobar Islands. The workshop has been organised by India`s leading scientific institute National Institute of Oceanography, NIO for SAARC Coastal Zone Management Centre.


 45) CGS Barracuda is manufactured in India that would become the first to be exported by the country. What is it?

1. War ship

2. Space Craft

3. Heavy Rocket

4. Missile Rocket

 5. Missile Tanker

Explanation:  CGS Barracuda. It is designed and developed by the Kolkata based Garden Reach Shipbuilders.


 46) Among the following , Identify Which natural disaster is recently added into a new category to the list of notified disasters eligible for assistance from national and state disaster relief funds?

1. Firing

 2. Lightening

3. Bombing

4. Tsunami

 5. Cyclone

Explanation:  Lightning. India observed an average 400 deaths due to lightning every year.


 47) Which person laid stress on `Make for India` instead of `Make in India` on the occasion of the Bharat Ram Memorial Seminar on 12th Dec`14?

1. Raghuram Rajan

2. Sushma Swaraj

3. Arun Jaitley

4. Uma Bharathi

5. Radha Krishnan

Explanation:  Raghuram Rajan, RBI Governor. He spoke at Seminar on `India`s Growth Trajectory in a Fractured World Economy: Opportunities and Challenges`, organised by FICCI in Delhi.


 48) Name the Person , Who has received the SIES-Sri Chandrasekarendra Saraswati National Eminence award on 13th Dec`14?

1. Raghu Naik

 2. Ram Naik

 3. Anil Naik

 4. Arun Naik

5. None

Explanation:  Ram Naik, Uttar Pradesh Governor and Ilayaraaja, Noted Music Composer. The awards were instituted by the South Indian Education Society in 1998 in memory of Sri Chandrasekarendra Saraswati, the late seer of Kanchi.


 49) Shinzo Abe is the person who retained the House of Representatives majority in parliamentary elections held in which country as the result declared on 14th Dec`14?

1. Japan

2. China

3. South Korea

4. Kenya

5. Bangladesh

Explanation: Shinzo Abe, Prime Minister. The LDP will govern with the Buddhist-backed Komeito party after the parties won 325 seats out of 475.


 50) National Energy Conservation day was observed in India on which day?

1. 14th December

2. 11th December

3. 13th December

4. 15th December

5. 10th December

Explanation:  14th December`2014. Shri Piyush Goyal, Minister of State (I/C) for Power, Coal and New & Renewable Energy in an ambitious programme to reach out to school children across the country launched a web portal called “Energy Savers`` ( on 14th dec`14.