Economy Current Affairs
December 4th week 2014 current affairs
Category : Economy Current Affairs
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 1) Identify which state government has launched a new road construction scheme named Lokpriya Gopinath Bordoloi Concrete Road Nirman on 5th Dec`14?

 Ans : (3)
1. Odessa

2. Maharashtra

3. Assam

4. Kerala

 5. AP


Explanation:  Assam Government. The first phase of project involves improving roads by interlocking concrete block pavement. The scheme will be applied to all the constituencies of Assam.


 2) Arun Duggal has been appointed as non-executive Chairman after he was elected unilaterally by the which Board on 5th Dec`14?

Ans: (1)

 2. IDA


4. Survey of India


Explanation: Arun Duggal. He is the former Chairman of the non-banking financial company Shriram Capital Ltd.


 3) MRF Limited is the company which will be the global partner for the .............World Cup 2015?


1. Hockey

2. ICC Cricket

3. Volleyball

4. Football

5. Kabaddi

Explanation: MRF Limited (MRF), India`s largest tire manufacturer and amongst the top 16 Largest Tire Manufacturers in the World along with The International Cricket Council (ICC), announced an exciting new partnership that makes MRF the global partner to the ICC CRICKET WORLD CUP (CWC) 2015 as one of the lead sponsors. MRF Ranks highest in overall customer satisfaction for a 5th consecutive year, according to JD Power Asia Pacific 2014.
MRF ties up with Al Aetifaq United Trading & Contracting Co LLC to open a new retreading factory in Salalah, Oman.
MRF is now rolling out tyres for Indian Air Force Sukhoi-30 range of aircraft.
MRF, the 15th largest tyre company in the world, has been honoured by J.D. Power with a Special Recognition Award for continued outstanding performance.


 4) PEMEX is the company of which country , with which Reliance Industries has signed an agreement for cooperation in upstream oil and gas production as well as in refining business?

Ans: (1)

1. Mexico

2. Indonesia


4. Canada

 5. Syria

Explanation:  Petroleos Mexicans (PEMEX). is the Mexican state-owned petroleum company, created in 1938 by nationalized petroleum and the expropriation of all private foreign and domestic companies at that time. Pemex has a total asset worth of $415.75 billion, and is the world`s second largest non-publicly listed company by total market value


 5) Dinesh Kumar has been appointed as the CEO of which project?


1. Polavaram

2. Kaveri River

 3. Almatti Dam

4. Narmada Bachao

5. None

Explanation: Dinesh Kumar. He is 1983 batch IAS officer of the Andhra Pradesh Cadre and at present he is working as Development Commissioner in the Ministry of Textiles.


6) James Wason is a .................whose Nobel Prize got sold for 4.7 million USD at auction results in new world record in the auction history? Ans:(2)

1. Environmentalist

2. Biologist

3. Physician

 4. Chemist

5. None

Explanation:  James Watson. He won this prize in 1962 for his discovery of the structure of DNA.


 7) Name the country in which world`s largest metro rail network will be built by the year 2020


1. Japan

2. China

3. India

4. Canada

5. Srilanka

Explanation: China. This metro network will be 8500Km of Subway Systems.


 8) What is the name of the typhoon that made a landfall in the town of Dolores in the eastern Philippines with terrifying winds and intense rain pounding the eastern part of the country on 6th Dec`14?


1. Hudhudh

2. Hagupit

 3. Laila

4. Majnu

5. Vaile

Explanation:  Hagupit. The powerful storm roared in from the Pacific Ocean and crashed into the remote fishing communities of Samar Island.


 9) Mr. Robert Mugabe is which country`s President who has been re-appointed as leader of the ruling party?

1. Zimbabwe

2. Canada

3. New Zealand

4. Australia

5. Kenya

Explanation:  He is a Zimbabwean revolutionary and politician who is the President of Zimbabwe. As one of the leaders of the rebel groups against white minority rule, he was elected as Prime Minister, head of government, in 1980, and served in that office until 1987, when he became the country`s first executive head of state


 10) Sant Ravidas nagar is the district of which state , whose name has changed to `Bhadohi`by that state Cabinet on 6th Dec`14

1. Arunachal Pradesh

 2. Telangana

 3. Uttar Pradesh

4. Uttarkhand

 5. Jharkhand

Explanation:  Sant Ravidas Nagar. The name of the district was changed in Mayawati regime that now has been reverted back to Bhadohi.


 11) Nam the person , Who has become the world champion in the Under-7 category in the World Schools Chess Championships that concluded recently at Juiz de Fora in Brazil?

1. Dev Shah

 2. Devender Sinha

3. Devlok Duggal

4. Devesh Agarwal

5. None

Explanation:  Dev Shah, Mumbai. He has become the youngest rated chess player from India. Dev, a trainee of South Mumbai Chess Academy and student of Dhirubhai Ambani School, was among three boys who scored the highest score.


 12) Christiano Ronaldo is the football player who netted a record 23rd hat trick in La Liga and his which number goal in the Spanish top flight on 6th Dec`14?

1. 199

 2. 200

 3. 300

4. 150

5. 100

Explanation: Christiano Ronaldo. Ronaldo passes Telmo Zarra, whose record as La Liga`s all time top goal scorer was recently usurped by Lionel Messi and Madrid legend Alfredo di Stefano who both scored 22 hat tricks to reach his double century of La Liga goals in just 179 games.


 13) identify Which country`s world record for largest human flag was broken by India on 7th Dec`14

1. China

2. Pakistan

3. Afghanistan

4. Japan

 5. Srilanka

Explanation:  Pakistan. The event saw about one and a half lakh volunteers, mainly youth, turned up for the event at YMCA Grounds in Chennai even as fifty thousand of them formed the tricolour. Guinness official Syeda Subasi presented the certificate validating the attempt.


 14) What is the Name of the rocket by which Indian Satellite G-SAT 16 was placed in the orbit from Koruru in French Guiana on 6th Dec`14?

1. Ariane-5

 2. Aviane-6

 3. Aniane-7

 4. Athiane-5

5. Atiane-6

Explanation: Ariane-5 rocket. GSAT-16 is the 11th among GSAT series of Indian communication satellites, and will have estimated lifespan of 12 years.


 15) Indian team has won the .............. edition of the Blind Cricket World Cup 2014?

1. 3

2. 4

3. 5

4. 6

5. 7

Explanation: India. India has defeated Pakistan.

  16) Amos Meindi has won the 29th Pune International full Marathon. He belongs to which country?

1. Kenya

2. Canada

3. USA

4. Libya

5. Monacco

Explanation: Amos Meindi. He is a Kenyan athlete. Kenyan Herlen Musyoka and Ethiopian Timbit won the second and third title.


 17) Important recommendation was given by a committee constituted in 2010 to design future currency notes as disclosed by Union Finance Minister on 5 December 2014?Who is our Union Finance Minister?

1. Arun Jaitley

 2. Sushma Swaraj

3. Advani

4. Venkaiah Naidu

5. None

Explanation: No other national leader`s image should be put on banknotes except Mahatma Gandhi.


 18) Name the state, whose ambitious Mobile one e-governance initiative will be launched by President Pranab Mukherjee on 8th Dec`14

1. Kerala

 2. Karnataka

3. Odessa

4. Assam

5. AP

Explanation: Karnataka. This mobile governance initiative will open up opportunities for citizens to access 4000 government and a few private services on their mobile phones. They can pay electricity, water and BSNL telephone bills through their phones.


 19) Name the country who has launched the Multi Purpose Satellite for Monitoring Planning and Management of Land, Agriculture and Forestry on 7th Dec`14?

1. India

2. Japan

3. Canada

 4. China

 5. Srilanka

Explanation: China. The name of this satellite is CBERS -4 which was launched from Taiyuan base using a Long March 4B rocket. This satellite was developed jointly with Brazil.


 20) Name the country Which has signed Memorandum of Understanding (MoU) with Andhra Pradesh for the development of its new capital that is set to come near Vijayawada?

1. Malaysia

 2. Singapore

3. Kenya

4. China

5. Britain

Explanation:  Singapore. The MoU was inked in Hyderabad on 8th Dec`14 in the presence of Chief Minister N Chandra Babu Naidu and S Eswaran, Minister in the Prime Minister`s Office of Singapore.


 21) What is the India`s first e-governance project launched by the President of India on 8th Dec`14?

1. Kerala Mobile one

 2. AP Celone

 3. Karnataka Mobile One

 4. Telangana One

5. None

Explanation: Karnataka Mobile One. It is country`s first e-governance initiative that brings 4000 government and private services on to mobile phones.The Karnataka Mobile one has features such as Nano Ganesh, Buffalo Grid and the Remote ICU that will bring a qualitative difference in the lives of rural people. One more feature named as i-Care will bring citizens closer to Government in resolving civic issues. M-Power will take steps to make women feel safer. It will send alerts with location tags such that women can use it in the event of any unforeseen emergency. Metro Rail users will be able to pay for their ride from their phone itself and once the legal formalities are completed by the judiciary, filing FIRs from the comfort of home or office will be made possible.


 22) Name the state which is the world`s largest congregations of Muslims Aalmi Tabligi Ijtima concluded with Ijtamai dua or mass prayer on 8th Dec`14?

1. Madhya Pradesh

2. Maharashtra

 3. Goa

 4. Telangana

5. AP

Explanation:  Bhopal, Madhya Pradesh.


 23) What is the Name of the cab service banned by the Delhi Government with immediate effect and blacklisted it from providing any transport service in NCR region after an alleged rape incident by its driver in Dec`14?

1. Uber Cab Service

2. Umer Cabs

3. Osman Cabd

4. Ahmed Cabs

5. Azad Cab service

Explanation: It is the San Francisco`s private cab service. Uber is an app-based transportation network and taxi company headquartered in San Francisco California, which operates in cities in several countries. The company uses a smartphone application to receive ride requests, and then sends these trip requests to their drivers. Customers use the app to request rides and track their reserved vehicle`s location. As of 16 December 2014 the service was available in 53 countries and more than 200 cities worldwide, and was valued at more than US$40 billion.


 24) Who is the Pakistani cricketer who was suspended from bowling by International Cricket Council (ICC) after he failed to pass the bio-mechanic test conducted for his bowling action in Dec`14?Ans:(2)
1. Azhar Mamood

2. Mohammed Hafeez

3. Shoib Akhtar

4. Saqlain Mushtaq

5. Shahid Afridi

Explanation: Mohammad Hafeez. His all deliveries exceeded permitted 15 degrees level of tolerance.


 25) Nam the group With which, US based Huffington post launched its Indian edition on 8th Dec`14?

1. The Times of India

 2. The Hindu

 3. Deccan Chronicle

4. Time of India

5. None

Explanation: The Times of India Group. With this, the Indian edition of Huffington Post becomes its 13th edition worldwide.

26) As per the report released in Dec`14, around 75% of India`s wealth is held by country`s 10% rich people. What is that report

Ans : (2)

1. Global India

2. Global Wealth Databook 2014

3. Worldwide Databook

 4. Global Rich list 2014

5. None


Explanation: "Global Wealth Databook 2014". It also states that India thus dominates the world`s poorest 10%, while China dominates the global middle class and the United States the world`s rich. The world`s super-rich – the top 1% – is overwhelmingly American. Indians make up just 0.5% of the world`s super-rich.


 27) According to the list released by the Bloomberg Billionaires Index on Dec`14, who has become world`s richest person?

Ans: (2)
1. Mukhesh Ambani

2. Bill Gates

3. Sunil Mittal

 4. Mark Zuckerberg

5. Chris Hughes

Explanation: Bill Gates. He is followed by Warren Buffet on the second richest person in the world.


 28) Name the Indian private bank which has announced on 8th Dec`14 for hiking of TM usage charges for its saving account holders from 1st Jan`15?

1. Axis Bank

 2. HDFC


4. Ing Vysya

5. Oriental bank of Commerce

Explanation: Under this new method, the number of free transactions in a month is fixed at five using own ATMs, while it has been capped at three for other banks` machines.
Customers can enjoy only five free transactions, including financial and non-financial, at the bank`s own automated teller machines (ATM.
After exceeding the free transaction limits, customers will have to pay Rs 20 per financial transaction excluding service tax and Rs 8.50 for every non-financial transaction


 29) On 7th Nov`14 Olympian Grihanandan Singh died in New Delhi. He was the player of which sport?

 Ans: (2)
1. Volley Ball

2. Hockey

3. Cricket

4. Kabaddi

5. Football

Explanation: 1Hockey. He was an Indian field hockey player who won two Olympic gold medals, at the 1948 London Olympics and later in 1952 Helsinki Olympics with the Indian team.


 30) Which committee has submitted its report to the Union Ministry of Communications and Information Technology on Leveraging the Post Office Network on Dec` 2014?

1. Subramaniam Committee

2. Suryanarayan Committee

3. Rajnath Committee

4. Agarwal Committee

 5. Sunderen Commitee

Explanation:  Subramaniam Committee. The Committee is headed by former Cabinet Secretary TSR Subramaniam while other members of the panel include Ravindra H Dholakia of IIM, Ahmedabad, former SEBI Chairman GN Bajpai and former Infosys board member TV Mohandas Pai amongst other top officials from the government.

 31) Name the country which is the world`s first handcrafted herbal Holy Quran was unveiled on 8th Dec`2014?

1. India

 2. Dubai

3. Pakistan

4. Nepal

 5. Bangladesh

Explanation: The world`s first handcrafted herbalHoly Quran, made from about 200 medicinal plants, has been unveiled in Dubai. The Quran has been made by the Islamic arts and calligraphy company, Heddem Arts and has been crafted over 23 years from 1957 to 1979 by Turkish Unani Doctor Hamdi Taher. The Quran is made of high potency herbal mixtures prepared as per Unani medical system


 32) Which country won the Hero Women`s Indian Golf Open 2014 at the Delhi Golf Club in Dec`14?

1. Nepal

 2. Indonesia

3. France

4. Canada

5. Srilanka

Explanation: Gwladys Nocera is the girl , France. It was her first title of the 2014 season.


 33) Among the following , Which celebrity was chosen as the safety ambassador for Ministry of Road & Transport?

1. Shahrukh Khan

 2. Aamir khan

3. Deepthi Bhatnagar

4. Pooja Batra

5. Pooja Bhatt

Explanation: Aamir Khan. He is also ambassador of `Atithi Devo Bhava` Campaign.


 34) Which country has become most dangerous country in the world according to the report published on Dec`14 by Intel Center, a Washington-based company working for intelligence agencies?

1. Iran

2. Iraq

3. Isreal

4. Italy

 5. Zambia

Explanation: Iraq. Pakistan is the eighth most dangerous country in the world. Afghanistan, the only other South Asian country in the list, is placed fourth in the Country Threat Index.


 35) What is the Name of the Indian drug company that launched in India the first biosimilar version of the anti-inflammatory medicine Adalimumab, the world`s top-selling drug, at a fifth of its U.S. price on 9th Dec`14?

1. Cadila Healthcare Ltd.

2. Himalaya Healthcare ltd.

3. Candella Healthcare Ltd.

 4. Varuna Healthcare Ltd.

5. Quickboost Healthcare Ltd.

Explanation: Cadila Healthcare Ltd. Cadila Healthcare launched cheaper copy of this drug at a price of $200 a vial in India and named it `Exemptia`.


 36) Among the following Which ally of the ruling National Democratic Alliance (NDA) announced quitting the alliance on 8th Dec` 2014






Explanation: Marumalarchi Dravida Munnetra Kazhagam (MDMK), a regional party of Tamil Nadu.


 37) Angela Merkel was re-elected as chief of Conservative party at a triumphant congress that celebrated her role as Europe`s most powerful leader on 9th Dec`14. He is............. Chancellor?

1. German

 2. French

3. Indian

4. Srilankan

 5. Canadian

Explanation: She is a German politician and a former research scientist who has been the leader of the Christian Democratic Union (CDU) since 2000 and the Chancellor of Germany since 2005. She is the first woman to hold either office.


 38) Identify Which state of India, for which , Sri Lankan President Mahenda Rajapaksa would visit on a two day visit from 9th Dec`14?

1. AP

 2. Telangana

3. MP

4. Maharashtra

 5. Goa

Explanation:  He is the 6th President of Sri Lanka and Commander in Chief of the Sri Lankan Armed Forces. A lawyer by profession, Rajapaksa was first elected to the Parliament of Sri Lanka in 1970, and served as Prime Minister from 6 April 2004 until his victory in the 2005 Presidential election. He was sworn in for a six-year term as president on 19 November 2005. He was re-elected for a second term in office on 27 January 2010


 39) Among the following, which team was defeated by Indian Hockey team of the Men`s Hockey Champions Trophy at Bhubaneswar on 9th Dec`14?

1. Srilanka

2. Netherlands

3. Namibia

4. Zambia

 5. Pakistan

Explanation: Netherlands. This was India`s first victory over the Netherlands since the Olympic qualifying tournament in Barcelona in 1996. With the win, India finished third in Pool-B.


 40) Which state government has decided to observe the year 2015 as "Year of Digitised and Time-Bound Services"?

1. Telangana

2. Maharashtra

3. Madhya Pradesh

4. Goa

5. Kerala

Explanation: Maharashtra. To implement the ambitious digital India program Maharashtra government has taken number of important decisions. It has decided to roll out a "AapleSarkar-Your government" Portal and Mobile App by 26th of January to handle citizen grievance redressal as well as suggestions and feedback for more participative governance.


 41) Vladimir Putin is the president of which country, who arrived in India on 10th Dec`14 on a two day visit to attend the 15th India-............ Annual Summit?

1. USA

 2. Russia

3. Brazil

4. Indonesia

 5. Monaco

Explanation: Vladimir Putin. India-Russia Annual Summit process was initiated under President Putin’s leadership during his visit to India in October, 2000. .


 42) Among the following, With whom did Kailash Satyarthi jointly received the Nobel Peace Prize in Oslo on 10th Dec`14?

1. Stefan Hell

2. Malala Yousafzai

3. Edvard Moser

4. Hiroshi Amano

5. None

Explanation: Malala Yousafzai, Pakistan. She is the youngest ever Nobel laureate. She is known mainly for human rights advocacy for education and for women in her native Swat Valley in the Khyber Pakhtunkhwa province of northwest Pakistan, where the local Taliban had at times banned girls from attending school. Yousafzai`s advocacy has since grown into an international movement.


 43) Ampmg the following, Under which section of Indian Penal Code the government has decided to decriminalize the suicide attempt as per the reply given to a question in Rajya Sabha on 10th Dec’14

1. Section 400

2. Section 389

3. Section 309

 4. Section 307

 5. Section 302

Explanation:  Section 309. Minister of State for Home Affairs Haribhai Parathibhai Choudhary said the decision has been taken following the Law Commissions report which recommended that Section 309 of IPC needs to be effaced from the law book. 18 states and 4 Union Territories are in favour of deletion of Section 309.


 44) Up to when has the BCCI President`s Election has been postponed by the Supreme Court?

1. 31st Jan 2015

2. 30 Jan 2015

3. 1 Feb 2015

4. 2nd Feb 2015

5. 12th Feb 2015

Explanation: The Board of Control for Cricket in India (BCCI), headquartered at Mumbai, India is the national governing body for all crickets in India. The board was formed in December 1928 as BCCI replaced Calcutta Cricket Club. BCCI is a society, registered under the Tamil Nadu Societies Registration Act.


 45) Recently, International human Rights Day was observed on?

1. 9th December 2014

2. 10th December 2014

 3. 11th December 2014

4. 12th December 2014

5. 13th December 2014

Explanation: 10th December. The theme this year is `Human Rights 365`.


 46) The government has approved 5000Crore Rupees for enhancing mobile connectivity, For which region of India

1. North east region

2. North west region

 3. East west region

4. North south Region

5. South East region

Explanation:  North East Region. An amount of Rs. 3500 Crore rupees have also been sanctioned for the same.


 47) Who is the first Indian-American to be the US ambassador to India as his name is confirmed by the United States senate by a voice vote?

1. Richard Rahul Verma

 2. Johnson Rahul Sharma

 3. Ravi david

 4. Richard Raju Verma

5. None

Explanation: Richard Rahul Verma. He will be the next US ambassador to India.


 48) International Anti Corruption Day was observed across the world on?

1. 9th December

2. 10th December

3. 11th December

 4. 12th December

5. 6th December

Explanation: 9th December. The day was observed to raise public awareness about corruption and what people can do to fight it.


 49) Mark-II Pinaka is the rocket that was successfully test fired on 9th Dec`14 from the Proof & Experimental Establishment (PXE) at Chandipur of which state?

1. Kerala

2. Karnataka

3. Odisha

4. AP

 5. West Bengal

Explanation: Mark-II Pinaka Rocket. It is a advanced version of Mark-II Pinaka Rocket.


 50) Which country among the following became the member of Multilateral Investment Guarantee Agency on Dec`14?

1. Malaysia

2. Bhutan

3. Pakistan

 4. India

5. China

Explanation:  Bhutan. It becomes the 181st member of MIGA.