Economy Current Affairs
December 3rd week 2014 current affairs
Category : Economy Current Affairs
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1) Who is the first non-UPSC member in history to be appointed as UPSC chairman?

Ans : (3)
1. Rohan Guptha
2. Dinesh Karthik
3. Deepak Guptha
4. Rajesh Kulkarni
5. Ratan Khode
Explanation: Deepak Gupta. He is a retired IAS officer of Jharkhand Cadre.
About UPSC Chairman, Members powers and functions:
The Article 315 to 323 of the Constitution deals with the appointment of UPSC members, powers and functions of the UPSC.
The Chairman and other members of UPSC shall be appointed by President of India.
Generally, UPSC consist of 9 to 11 members.
• Qualifications - In Article 316, it is mentioned that at least one half of the members of UPSC shall be the persons who have held office for at least 10 yrs either under Govt of India or Govt of a State. But not specified any qualifications for other half members of UPSC.
• A member of UPSC shall hold office for a term of 6yrs from date on which he enters into the office or until he attains age of 65 yrs whichever is earlier. Provided that a member can resign any time to President and can be removed from his office.
• Article 319 - The Chairman of UPSC is not eligible for further employment either under Govt of India or a State. The other members of UPSC are only eligible for office of Chairman of UPSC or Chairman of a State PSC but not for any other employment
2) Name the person , Who has been selected to be the next Chairman of the Press Council of India in Nov`14?
Ans: (1)
1. Chandramauli Kumar Prasad
 2. Chandra Kumar Prasad
3. mauli Kumar Prasad
4. Kumar Prasad
5. Prasad Rao
Explanation: Chandra Mauli Kumar Prasad is the former Supreme Court Judge. He will succeed Markanday Katju.
About Press Council of India:
• The Press Council of India was first set up on 4 July 1966 by the Parliament to regulate the press in India. The basis at that time was the Press Council Act, 1965 which resulted from the recommendations of the First Press Commission of India (1952-1954). The stated objectives were "to help newspapers maintain their independence" and to "raise the standards" through a code of conduct.
• The Press Council is headed by a Chairman: usually,. a retired judge of the Supreme Court of India (except for the first chairman, Justice J. R. Mudholkar, who was a sitting judge of Supreme Court of India in 1968). The Council consists of 28 other members of whom 20 represent the press and are nominated by the press organisations/news agencies recognised and notified by the Council as all India bodies of categories such as editors, working journalists and owners and managers of newspaper; 5 members are nominated from the two houses of Parliament and 3 represent cultural, literary and legal fields as nominees of the Sahitya Academy, University Grants Commission (U.G.C.) and the Bar Council of India. The members serve on the Council for a term of three years
 3) Which country won the Asia Cup Championship for Deaf 2014 on 24th Nov`14?
1. Indonesia
2. Nepal
3. India
4. Srilanka
 5. Australia
Explanation: India, defeating Sri Lanka.
4) How many global organisations signed a memorandum of understanding (MoU) on 24th Nov`14 to end open defecation in India?
Ans: (1)
1. 3
2. 4
3. 5
4. 6
5. 2
Explanation: World Toilet Organisation (WTO), WASTE and the Financial Inclusion Improves Sanitation and Health (FINISH). Three organisations have signed a MoU to support the Central government in making the country free of open defecation and promoting sustained usage of sanitation systems.
5) On which day, The International Day for the Elimination of Violence against Women was observed across the world ?
1. 21 Nov ` 14
 2. 22 Nov ` 14
 3. 23 nov` 14
 4. 25 Nov ` 14
 5. 24 Nov ` 14
Explanation: 25th Nov`2014. It was observed to raise awareness about violence against women and discuss solutions that would work for women community.
6) Among the following , On whose birth anniversary International Meatless Day and Animal Rights Day was observed on 25th Nov`14?
1. Rev Sadhu Vaswani
2. Ramakrishna Paramhansa
3. Swami Vivekananda
4. Sadhu Vallabhacharya
2. Sri Dattacharya
Explanation: Rev Sadhu Vaswani. It was the 135th birth anniversary of Rev Sadhu Vaswani observed in India.
International Meatless day and Animals rights day:
The Meatless Day and Animals Rights Day Campaign is an international ecological movement, commemorated on November 25th. It was created in India by Dadaji J. P. Vaswani in honor of Sadhu T. L. Vaswani. Its main objective is the preservation of all forms of life and the struggle against the killing of animals
7) Name the person Who has won the 2014 Shakti Bhatt First Book Prize for his novel `The Scatter Here Is Too Great` (Random House India)?
1. Bilal Tanweer
2. Jaswanth Bilal
3. Tanwer Kaushal
4. Biklal Tanek ` Suanz
5. None
Explanation: Bilal Tanweer. He was born and raised in Karachi, has published fiction, poetry and translation in various international journals.
8) Name the person Who has been appointed as the new Special Representative of India for Boundary Negotiations with China on 24th Nov`14?
1. Ajit Doval
2. Sushma Swaraj
3. Atul Shrivastav
4. Anish Khurana
5. None
Explanation: Ajit Doval. He is an National Security Advisor of India.
9) Among the following which state polling was recorded as 70% in the first phase held on 25th nov` 14?
1. Telangana
2. Andhra Pradesh
3. J & K
4. Goa
5. Kerala
Explanation: 70%. It is a record in the history of J&K.
 10) Among the following PM Narendra Modi has requested on 25th Nov`14 to collectively make the constitution and adopt it at the earliest, To which country`s political parties?
1. Bangladesh
2. Nepal
3. Srilanka
4. Japan
5. China
Explanation: Nepal. It will give a new face of the democratic Nepal to the whole world.
11) Name the person Who will be the new Secretary General of the Lok Sabha with effect from 1st Dec`14?
1. Atul Bajpayee
2. Anoop Mishra
3. Anith Kaur
4. Amith Kapoor
5. Sushil Shinde
Explanation: Anoop Mishra, Senior IAS Officer. He is a 1978-batch IAS officer and held several positions in the Centre as well as in the Uttar Pradesh government.
12) Identify Which state government has reduced the retirement age of government employees from 60 to 58 years on 25th Nov`14?
1. Punjab
2. UP
3. Haryana
4. Himachal Pradesh
5. Goa
Explanation: The BJP-led state government reversed the retirement age of govt. employees from 60 to 58 years.
 13) Recently National Milk Day was observed on _____?
1. 26 Nov ` 14
2. 27 Nov` 14
3. 28 Nov ` 14
 4. 30 Nov` 14
5. 1 Nov `14
Explanation: Indian Dairy Sector has celebrated National Milk Day to mark the 93rd birth anniversary of Father of White Revolution, Dr. Verghese Kurien.
14) Which bank became first in India to fully own an insurance business?
1. Axis Bank
2. Kotak Mahindra Bank
3. Canara Bank
4. SBH
5. SBI
Explanation: Kotak Mahindra Bank. It happened after Reserve Bank of India (RBI) gave permission to set up a wholly-owned non-life insurance company called Kotak General Insurance. It will be the 29th non-life company in the country.
15) Hokianga Harbour is in which country at which recently , Century old Shipwreck with 499 Chinese bodies found?
1. New Zealand
2. China
3. Japan
4. Indonesia
5. Australia
Explanation: Hokianga Harbour. These miners, some in wooden coffins and others in sealed zinc caskets, had died during New Zealand`s gold rush.

 16) On the first week of Dec`14, How many companies were conferred with the Niryat Shree and Niryat Bandhu Awards for the year 2010-11 in various categories?

1. 40

 2. 44

3. 45

 4. 46

5. 47

Explanation: 44 Companies received Niryat Shree Awards and 6 Companies were honoured with the Niryat Bandhu Awards. These awards were given by President Pranab Mukherjee.


17. Which rank has been achieved by India among 175 countries in terms of corruption index as per the report published by the Transparency International India (TII) on Dec`14?

1. 81

2. 85

 3. 86

4. 87

5. 89

Explanation: 85th. China 100th position, Pakistan and Nepal spotted on 126th position.


 18) Which is that mission initiated by the government which is aimed at building capacity and capability in the cutting edge research and development domains of the country?

1. National cutting mission

2. National Supercomputing Mission

3. National super mission

4. National Building capacity Machine

5. None

Explanation: Over 42 crore rupees has been earmarked during the current financial year for the joint programme of the Centre for Development of Advanced Computing (C-DAC) and the Indian Information of Science, IISc. The country has 30 super computers, mostly installed in institutes of higher learning, like IITs and IISc, the minister said on completion of Super Computing Mission after 7 years, India will be at par with Japan, USA, China and European Union.


 19) At which place will be the developed strategic outpost of Indian Navy as announced by Chief of Southern Naval Command Vice Admiral SPS Cheema on 4th Dec`14?

1. Kerala

2. Visakhapatnam

3. Lakshadweep

4. Kakinada port

5. None

Explanation: Lakshadweep. Bitra Island has been approved by the Union Government to be developed as the fourth Naval Detachment in Lakshadweep.


 20) Which is that village which will be adopted by the Congress Vice President Rahul Gandhi in his parliamentary constituency Amethi in Uttar Pradesh on 3rd Dec`14 under Sansad Adarsh Gram Yojna on 3rd Dec`14?

1. Jaitser

2. Jagdishpur village

3. Jaisalmer

4. Undrajavaram

5. Pasarlapoodi

Explanation:  Congress President Sonia Gandhi and Vice President Rahul Gandhi have adopted one village each in their respective constituencies to develop them into model villages under "Saansad Adarsh Gram Yojana" launched by Prime Minister Narendra Modi last month.
Party sources said that while Sonia Gandhi has selected village Udwa from Jagatpur block in her Parliamentary seat Raebareli, Rahul has chosen village `Deeh` in Jagdishpur block in Amethi constituency, an area industrialised during his father late Rajiv Gandhi`s Prime Ministerial tenure. Udwa in Jagatpur is also the birthplace of Rana Beni Madhav and has a rich historical background.


 21) Name the country which was confirmed by the health community on 3rd Dec`14 that at least 10 children, between the ages of 5 and 16, already affected with thalassemia, have tested positive for the HIV virus after allegedly receiving a transfusion of infected blood?

1. Indonesia

2. Pakistan

3. China

4. Japan

5. Srilanka

Explanation: Pakistan. The revelation, which sent shock waves through the health care community yesterday, was confirmed by Thalassemia Federation of Pakistan Secretary General Dr Yasmin Rashid.


 22) Which project has been launched in Government schools for imparting education to the students in English language for their personality and skill development on Dec`14?

1. Utsav project

2. Unnati Project

3. Atyunnati project 4

. Acharya project

5. N one

Explanation:  "Unnati Project". The scheme started on pilot project basis, will be made compulsory in all schools on its results being found fruitful.


 23) Among the following , Which nations have agreed to build a new-generation rocket to maintain their lead in the market for satellite launches as per the agreement made on 3rd Dec`14?

1. European nations

2. African nations

3. Asian nations

4. Both 2 & 3

5. None

Explanation: European Nations. French Research Minister Genevieve Fioraso said European Space Agency ministers have taken a major decision to develop a new launcher, the Ariane 6, which will replace the Ariane 5, with a maiden flight scheduled for 2020. The Ariane 5 is a medium-to-heavy workhorse with 62 successful launches to its name. It accounts for more than half of the world`s commercial launch market.


 24) Recently, The 35th death Anniversary of Hockey Legend Dhyan Chand was observed on __?

1. 3rd dec 14

2. 2nd dec 14

3. 4th dec 14

4. 5th dec 14

5. 6th dec 14

Explanation: 3rd Dec`14. He won 3 Gold Medals in Olympics during 1936, 1932 and 1928.


 25) The 30th anniversary of the Bhopal Gas Tragedy disaster was observed on which day?

1. 2nd dec 14

 2. 3rd dec 14

3. 4th dec 14

4. 5th dec 14

 5. 6th dec 14.

Explanation: I3rd December 2014. The Bhopal Gas Tragedy took place on 3rd Dec`1984. The Bhopal disaster or Bhopal gas tragedy was a disaster that resulted from an accident. It happened at a Union Carbide subsidiarypesticide plant in the city of Bhopal, India. On 3 December 1984, the plant released 42 tonnes of toxic methyl isocyanate (MIC) gas, exposing more than 500,000 people to toxic gases.


26) Name the state government which on 3rd Dec`14 constituted a committee to speed up the process of getting the Khasi-language included in the 8th Schedule of the Constitution of India?

 Ans : (2)

1. Manipur

 2. Meghalaya

3. Assam

4. Odessa

5. None


Explanation: Meghalaya. Khasi language is recognized as the Associate Official Language of the state after the Meghalaya State Language Act, 2005 received the governor`s assent on 1 May 2005.


 27) Which country has announced to adopt the Euro VI emission standards for petrol vehicles from 2017?

Ans: (3)
1. Switzerland

2. Dubai

3. Singapore

4. Malaysia

5. None

Explanation: Singapore. In Dec`14 Singapore announced ti adopt the Euro VI emission standards for petrol vehicles from 2017 and for diesel vehicles Euro VI will apply from 2018.


 28) Among the following when did Indian Navy Day was observed?

1. 4th December

2. 5th December

 3. 6th December

4. 7th December

 5. 8th December

Explanation: The theme of Navy day celebrations this year, on December 4 will be `Safe Seas and Secure Coasts for a strong Nation`.


 29) Identify how many frames per second can be captured by world`s fastest 2D camera developed by the researchers?

Ans: (2)
1. 10 billion frames

 2. 100 billion frames

3. 50 billion Frames

4. 25 billion Frames

5. 200 billion frames

Explanation: 100 billion frames per second. An immediate application of the camera is in biomedicine. It can be used to detect diseases or reflect cellular environmental conditions like pH or oxygen pressure.


 30) Which mission is set to launch on 4th Dec`14 postponed by the NASA due to some technical issues?

1. Onion mars capsule test mission

2. Orient mars capsule test mission

 3. Orion mars capsule test mission

4. Ozion mars capsule test mission

5. Opion mars capsule test mission

Explanation:  Orion Mars capsule test mission. The NASA will try it launch again in 24 hours.

  31) European Court has said that "............... violated the rights of Somali pirates who had attacked that country ships and has ordered compensation for them over judicial delays"?

1. Canada

2. France

3. Egypt

4. Japan

5. China

Explanation: European Court of Human Rights. The nine Somali pirates should get thousands of euros because they were not immediately brought before a French judge, the court ruled. The judges faulted France for keeping them in custody for an extra 48 hours. The pirates had held French citizens hostage after seizing a French-flagged cruise ship and a French yacht in 2008.


 32) Which company has won the 119th Beighton Cup Hockey tournament of the year 2014?


2. Indian oil



 5. None

Explanation: In the final match played in Kolkata on 4th Dec the Indian Oil has defeated the Punjab National Bank in tie-breaker by 5-4 goals.


 33) Who is the person who has created history by becoming the first Indian to become an elected member of the all-powerful International Shooting Sport Federation (ISSF)`s Executive Committee?

1. Raninder Singh

 2. Rabinder Singh

3. Rajender Singh

4. Ravinder Singh

5. None

Explanation: Raninder Singh, National Rifle Association of India President. It is the first time in its 107-year history that an Indian has been elected as the member of the global body representing the sport of Shooting. He was also elected as the member of the Administrative Council of ISSF with 145 out of 293 votes.


 34) How many Justices are there , whose bench directed the Supreme Court directed the Centre to complete prosecution of black money holders abroad under the income tax act by31st Mar`14

1. 2

2. 3

 3. 4

 4. 5

 5. 1

Explanation: Chief Justice H.L.Dattu and Justice B.Lokur and A.K.Sikri.


 35) What is the new application launched by the Google for Small and Medium Businesses (SMBs)?

1. "Google My Business"

 2. "Google their company"

3. "Google Ur business" 4. “Google company business"

5. None

Explanation: `Google My Business`. This product ois designed to work across desktop and mobile devices and will enable SMBs to create and update their business info on various Google products.


 36) Name the country which has launched the asteroid explorer Hayabusa 2 to explore origin of earth on 3rd Dec`14?

1. China

 2. Japan

 3. Australia

 4. Nepal

5. Bangladesh

Explanation: Japan Aerospace Exploration Agency (JAXA) with Mitsubishi Heavy Industries Ltd on launched its second-generation asteroid explorer Hayabusa 2.


 37) Who among the following won "Player Of The Year 2014 Award"?

1. Tim Howard

 2. Pullela gopi Chand

 3. Lewis Hamilton

4. Maria sharapova

5. Virat Kohli

Explanation: Goalkeeper Tim Howard has won the 2014 Player of the Year award for his work with the U.S. national team. It is the first time Howard has won the prestigious honor given to a U.S. team member by Futbol de Primera.


 38) On 6th December 2014 , which country Former Queen Fabiola Died? \Ans:(1)
1. Belgium

2. Egypt

3. England

4. Sweden

 5. None

Explanation:  Belgium`s former Queen Fabiola, the widow of the Belgium king Baudouin, has died in Brussels. She was 86. Fabiola became queen of Belgium when she married King Baudouin in 1960. She remained Queen Consort for 33 years - until Baudoin`s death in 1993.


 39) Mahaparinirwan Diwas was Observed On which day?

1. December 6

2. December 7

3. December 8

 4. December 9

5. December 10

Explanation: Dr.Ambedkar Mahaparinirvan Diwas was observed across India on 6 December 2014. Dr.Bhimrao Ramji Ambedkar had died on 6th of December in the 1956 that`s why Dr. Babasaheb Ambedkar Mahaparinirvan Din or death anniversary is celebrated every year all over the India on 6th of December to pay him a lot of tribute and honor. He is called as "The Father of the Indian Constitution". In 1990, Ambedkar was posthumously conferred with the Bharat Ratna, India`s highest civilian award.


 40) Anirban Lahiri is famous as ...............?

1. Indian Hockey Player

 2. Indian Badminton Player

3. Indian Golfer

4. Indian Chess Player

 5. Indian Volleyball Captain

Explanation: spot has been achieved by Indian golfer Anirban Lahiri in the 500,000 US Dollar King`s Cup tournament on 30th Nov`14 He has finished joint second behind Thailand`s Thaworn Wiratchant. Anirban Lahiri settled for a share of second place with Australia`s Andrew Dodt.


 41) Hillel Oscar is the umpire and former captain of which country national cricket team died on 29th Nov`14 after being hit in the jaw by a ball in the southern port city of Ashdod?

1. Iran

 2. Israel

 3. Indonesia

4. Canada

5. New Zealand

Explanation: Hillel Oscar, 55 year old. His death comes just two days after Australian batsman Phillip Hughes died of a severe head injury after being hit by a bouncer in a New South Wales match in Sydney. .


 42) According to the survey conducted by BI Worldwide in Nov`14 regarding the employees, which country is having employees work engagement level is the highest in the world?

1. USA


3. India

 4. Australia

5. New Zealnd

Explanation: India. China on 2nd, US on 3rd position.


 43) Natham R Vishwanathan has been appointed as the Leader of the which state Assembly on 29th Nov`14?

1. Andhra Pradesh

2. Tamilnadu

3. Telangana

4. Uttar Pradesh

 5. Kerala

Explanation: Natham R Vishwanathan. Earlier he was Tamilnadu Electricity Minister.


 44) GSLC MK 3 is which country`s first heaviest rocket that will be sent on Dec’14?

1. USA

2. India

3. Pakistan

4. Bangladesh

6. Srilanka

Explanation: GSLC MK 3. Will send from Sriharikota


 45) On 29th Nov `14 the First Passenger train between Meghalaya and from which state was flagged off by PM Narendra Modi?

1. Odessa

 2. Assam

 3. Manipur

4. Nagaland

5. Kerala

Explanation: It will run from Mendipathar and Guwahati.


 46) Name the author of the book titled `Next China-India War - World`s First Water War - 2029`?

1. General Sundarajan Padmanabhan

2. General Sundesh Padmanacharya

 3. General rajan Padmanabhan

 4. General Ravi raja Padmaa charya

5. None

Explanation:  He is the former General, who is known for mobilizing the Army during Operation Parakram in 2001 terror attack.


 47) On 28th Nov `14 NASA celebrated the .......... anniversary of its first mission to Mars, Mariner 4 mission?

1. 50

 2. 25

3. 100

4. 75

5. 60

Explanation: 28th Nov`14. Mariner 4 made its closest approach to Mars on 15 July 1965 and sent back first images of another world beyond the Earth-Moon system.


 48) Name the country which emerged as the largest source of FDI in India after investing about 4.19 billion USD in the Apr-Sep`14?

1. Malaysia

2. Mauritius

3. Mongolia

4. Singapore

5. Hongkong

Explanation: Mauritius. Mauritius is followed by Singapore, Netherland and USA.


 49) World AIDS Day was observed on _________.?

1. 2nd December

2. 1st December

3. 3rd December

4. 4th December

5. 5th December

Explanation: 1st December. The theme for World AIDS Day is "Getting to Zero: Zero new HIV infections. Zero deaths from AIDS-related illness. Zero discrimination.


 50) On 6th Dec 2014 The .......... Death Anniversary of Dr. B.R. Ambedkar was observed?

1. 45

2. 59

3. 60

4. 61

 5. 62

Explanation:  6th Dec`2014. It was observed as `Mahaparinirvan Din` by thousands of followers from all over the state who converged at his memorial `Chaityabhoomi` near Shivaji Park in Dadar.