Economy Current Affairs
December 1st week 2014 current affairs
Category : Economy Current Affairs
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 1) Who is the Indian-American lady who has been awarded with the prestigious International Children`s Peace Prize 2014?
Ans : (1) 
1. Neha Guptha 
2. Priya Anand 
3. Priyanka Sharma 
4. Vandana Chandra 
5. None
Explanation: She won this award for her contribution to help orphans in India and other vulnerable children. Last year, Malala Yousufazai won this prize.
About International Children`s Peace Prize:
The International Children`s Peace Prize is awarded annually to a child who has made a significant contribution to advocating children`s rights and improving the situation of vulnerable children such as orphans, child labourers and children with HIV/AIDS.
The prize is an initiative of the KidsRights Foundation, an international children`s aid and advocacy organisation based in Amsterdam, the Netherlands. The first Children`s Peace Prize was launched in November 2005 during the World Summit of Nobel Peace Laureates in Rome.
2) According to the announcement made by the Jury headed by Vice President of India, which award will be given to ISRO Indian Space Agency for its contribution to strengthen international cooperation in peaceful use of outer space? 
Ans: (3)
1. Sardar Vallabhai Patel prize for Peace 
2. Jawaharlal Nehru for peace 
3. Indira Gandhi Prize for peace 
4. Subash Chandra Bose for Peace 
5. None
Explanation: About Indira Gandhi Prize for Peace, Disarmament and Development for 2014.
The Indira Gandhi Prize or the Indira Gandhi Peace Prize or the Indira Gandhi Prize for Peace, Disarmament and Development is the prestigious award accorded annually by India to individuals or organizations in recognition of creative efforts toward promoting international peace, development and a new international economic order; ensuring that scientific discoveries are used for the larger good of humanity, and enlarging the scope of freedom. The prize carries a cash award of 2.5 million Indian rupees and a citation.
3) "AB Little Stars"is the scheme launched by the which Bank especially for children and teenagers in Nov`2014?
1. Axis Bank 
2. Andhra Bank 
3. Canara Bank 
4. Federal Bank 
5. UCO bank
Explanation: `AB Little Stars` (10-15 years age group) and `AB Teens` (15-18 years age group).
4) Which is that `word of the year` named by the Oxford English Dictionary for the year 2014?
Ans: (1)
1. Vape 
2. Cape 
3. Cope 
4. Mope 
5. Joper

Explanation: `Vape`. It means to inhale and exhale the vapour produced by an electronic cigarette. `Selfie` word was chosen as the word of the year 2013.
5) The Indian who has been chosen among 50 Global leaders, business chiefs and pop icons as contenders for the title `Person of the Year 2014` by Times Magazine is?
1. Sonia Gandhi 
2. Narender Modi 
3. Manmohan singh 
4. Atal Bihari Vajpayee 
5. L K advani
Explanation: Narendra Modi. Last year Pope Francis was chosen as the Person of the Year 2013.
6) According to the report published by Economist Intelligence Unit (EIU) in Nov`14, name the country that has been ranked as the No.1 place in the world in terms of ease of doing business? 
1. Malaysia 
2. Singapore 
3. India 
4. Indonesia 
5. China
Explanation: It is followed by Switzerland, Australia, Hong Kong and Sweden.
7) Who is the author of the book``Lives of Other`sss shortlisted for Costa Book Awards under the Novel Award category on 19th Nov`14? 
1. Neel Mukherjee 
2. Neel Kamal 
3. Nikhileh Yadav 
4. Nitin Chaudary 
5. NareshChopra
Explanation: This book was also shortlisted for the Man Booker Prize in this year.
About Costa Book Awards:
The Costa Book Awards are a set of annual literary awards recognising English-language books by writers based in Britain and Ireland. They were inaugurated for 1971 publications and known as the Whitbread Book Awards
8) Who is the director of CBI who has been directed to withdraw from 2G case by the Supreme Court on 20th Nov`14?
1. Ranjith Chopra 
2. Ranjith Sinha 
3. Rakesh Kulkarni 
4. Rohan Iraniu 
5. None
Explanation: The bench headed by Chief Justice H L Dattu, however,refused to pass an elaborate order on the issue saying that it would tarnish the image and reputation of the premier agency.
9) What is the Name of the scheme to be launched by the government to provide access to electricity to rural households across the country? 
1. Deendayal Upadhyaya Grama Jyoti Yojana 
2. Subash Chandra Bose Grama Kirana Yojana 
3. Sardar Vallabhai patel Grama Suraksha Yojana 
4. Bhagath Singh Grama Jyoti Yojana 
5. None
Explanation: The estimated cost of the project is over 5111 crore rupees. The project is a major step towards meeting the national objective of Power to All.
10) Mahinda Rajapaksa is the President of which country who announced on 20th Nov`14 for the next Presidential elections, two years ahead of schedule?
1. Indonesia 
2. India 
3. Srilanka 
4. Nepal 
5. Bangladesh 
Explanation: He signed the proclamation on 20thNov and also declared that he would be fighting the elections for an unprecedented third term. The announcement came soon after his completion of 4 years in office in his second term.
11) Ansar al-Sharia is which country Islamist militant group blacklisted by the United Nations Security Council for its acts of terror, its links with Al Qaida and other terrorist groups?
1. Iran 
2. Jakarta 
3. Libya 
4. Afghanistan 
5. Iraq
Explanation: UN has imposed sanctions against the Ansar Al Sharia branches in Benghazi and Derna. All countries have been asked to freeze their assets, and impose travel bans and an arms embargo on the terror outfit.
12) Name the state government which will launch the National Urban Health Mission (NUHM) on 21st Nov`14?
1. Haryana 
2. Punjab 
3. Goa 
4. Kerala 
5. West Bengal
Explanation: All cities with a population of 50,000 and above would be covered under the centrally sponsored scheme which is aimed at providing affordable quality health services to urban population with a special emphasis on urban poor and vulnerable population.
13) According to the latest ICC ODI rankings, which cricket team tops the list with 117 points? 
1. Australia 
2. Pakistan 
3. India 
4. Srilanka 
5. Bangladesh
Explanation: India regains the top place in the ODI rankings. India is followed by Australia (115 points) and South Africa (114).
14) Name the bank with which, ING Vysya bank merged after the deal was approved on 20th Nov`14?
1. Canara Bank 
2. Kotak Mahindra Bank 
3. Axis Bank 
4. HDFC 
5. Oriental Bank of Commerce
Explanation: Kotak Mahindra Bank. This merger would be first merger since 2010 in private sector banking space when Bank of Rajasthan was acquired by ICICI Bank.
15) Which Spanish city has agreed to enter into technical collaboration with the Delhi Development Authority (DDA) and New Delhi Municipal Corporation (NDMC) to develop New Delhi as a Smart City? 
1. Barcelona 
2. Paris 
3. Washington 
4. Kaulalampur 
5. Singapore
Explanation: Barcelona is regarded as the foremost smart city of the world.
What is a Smart City?
A smart city (also smarter city) uses digital technologies to enhance performance and wellbeing, to reduce costs and resource consumption, and also to engage more effectively and actively with its citizens. Key `smart` sectors include transport, energy, health care, water and waste. A smart city should be able it to respond faster to city and global challenges than one with a simple `transactional` relationship with its citizens.

 16) What is the date , From which RBI guidelines are pertaining to levying of penal charges for non-maintenance of minimum balance coming into effect?

1. 1 April 2015 
2. 2 April 2016 
3. 3 April 2015 
4. 4 April 2015 
5. 1 May 2015
Explanation: Under these guidelines, banks have to inform their customers about minimum balance limit.
17) On which day of that occasion President Barack Obama is expected come to India? 
1. Independence day 2015 
2. Republic day 2015 
3. Children`s Day 2015 
4. May Day 2015 
5. None 
Explanation: Republic Day (26th Jan`15). PM Narendra Modi had invited Barack Obama to be the Chief Guest at the Republic Day ceremony. On 21st Nov`14, a letter from White House confirmed the invitation.He will be the first President of US to attend the Republic Day ceremony 
18) Identify the new name of the domestic terminal of Rajiv Gandhi International Airport (RJAI)?
1. NT Rama Rao 
2. Sonia Gandhi 
3. P V Narsimha Rao 
4. V V Giri 
5. Alluri seetharamaraju 
Explanation: NT Rama Rao, former Chief Minister of Andhra Pradesh. The Centre had on 20th Nov`14 decided to name the domestic terminal of Hyderabad airport after late NT Rama Rao.
19) Which Institute of India had became the first to be made a full member of the CMS collaboration of CERN, the European Organization for Nuclear Research?
1. IISC Bangalore 
2. IIIT Hyderabad 
3. IIT Madras 
4. IIT Mumbai 
5. IIT Pune

Explanation: IIT Madras. CERN is known for the discovery of the Higgs boson in 2012
20) Identify the magazine which has been named `Mangalyaan` among the 25 best inventions of 2014?
1. Forbes 
2. Times 
3. India Today 
4. London times 
5. US official Magzine
Explanation: Mangalyaan was developed by the ISRO, it cost India just USD 74 million, less than the budget for the multi-Academy Award winning science fiction thriller film Gravity.
21) According to the survey conducted by INSEAD on 21st Nov`14, which city is chosen as the world`s best city to live and work?
1. Delhi 
2. Dubai 
3. Colombo 
4. Kaulalampur 
5. Singapore 
Explanation: Dubai. It is followed by Amsterdam, Toronto, Singapore, Madrid, Hong Kong and New York.
22) Name the country in which there would be the 18th South Asian Association for Regional Co-operation (SAARC) Summit begin from 22nd Nov`14? 
1. Nepal 
2. Srilanka 
3. Bangladesh 
4. Pakistan 
5. China
Explanation: Kathmandu, Nepal. This is the first time Kathmandu is hosting the summit in 12 years. The theme this year is, `Deeper Integration for peace and prosperity`. 
23) Which country won the third South Asian Football Federation (SAFF) Women`s Championship on 21st Nov`14?
1. Indonesia 
2. India 
3. Malaysia 
4. Srilanka 
5. Bangladesh
Explanation: It was 3 out of 3 for the Indian eves, as they have won the Championship all the three times, with Nepal being the other finalists.
24) Name the country With which Pakistan has signed a defence and military cooperation agreement aimed at bringing peace and stability in the region on 20th Nov`14? 
1. Iran 
2. Iraq 
3. Russia 
4. USA 
5. Japan 
Explanation:  The defence agreement covered wide range of subjects including Pakistan`s plans to acquire Mi-35 gunship helicopters and other military equipment from Russia. 
25) How many Indians saints were canonized by Pope Francis in a mass gathering of tens of thousands of worshippers at Saint Peter`s Square on 23rd Nov`14?
1. 1 
2. 2 
3. 3 
4. 4 
5. 5
Explanation: Father Kurisakose Elias Chavara (1805-1871) and Sister Euphrasia Eluvathingal. Both were from Kerala and members of the ancient Syro-Malabar Catholic Church (1877-1952). If a dead person is canonised, it is officially announced by the Catholic Church that he or she is a Saint.
26) Information Management and Analysis Centre is the centre launched by the ........ on 23th Nov`14 to plug the gaps in maritime security that were uncovered after the 26/11 Mumbai terror attack? 
Ans : (3) 
1. Indian Police Service(IPS) 
2. Indian Army 
3. Indian Navy 
4. Central Bureau of Investigation (CBI) 
5. None
Explanation: Information Management and Analysis Centre, IMAC. IMAC will be the nerve centre for the Navy and Coast Guard for coastal surveillance and monitoring. It will also be the single point centre inter-linking the newly formed coastal radar chain. 
27) In how many states, twelve locations were identified by the government for setting up of new solar parks? 
Ans: (3)
1. 5 
2. 6 
3. 7 
4. 8 
5. 9 
Explanation: The locations identified are in Andhra Pradesh, Telangana, Madhya Pradesh, Karnataka, Rajasthan, Odisha and Punjab. The scheme envisages setting up of 25 solar parks over the next five years with a total capacity of around 20000 MW. 
28) Sushil Koirala will inaugurate the ...... SAARC Summit in Kathmandu?
1. 13 
2. 17 
3. 18 
4. 19 
5. 16
Explanation: Sushil Koirala is Prime minister of Nepal.
29) Recently, Afghanisthan`s former President says that which country`s in its bilateral talks with his country has been demanding the reduced role of India in its country?
Ans: (1)
1. Pakistan 
2. Uzbekisthan 
3. Tanzania 
4. Iraq 
5. Iran 
Explanation:  Hamid Karzai, former President of Afghanistan. In an interview to a newspaper, Mr. Karzai said these demands were made at every leadership level and regularly. He said this demand was raised throughout his presidential terms. 
 30) Name the state which has bagged India`s Best Project-2014 award for implementation of skill development and employment generation in the state for the benefit of youth, mostly less-educated and school drop-outs? 
1. Telengana 
2. Arunachal Pradesh 
3. Himachal Pradesh 
4. Kerala 
5. Karnataka 
Explanation: Arunachal Pradesh. The award, instituted by Gurgaon-based Skoch Group dealing with socio-economic issues, was given away by Union Minister for Urban Development and Parliamentary Affairs Venkaiah Naidu in New Delhi on 22nd Nov`14.

31) Name the person who won the World Chess Championship title held in Sochi, Russia? 

1. Vishwanath Anand 
2. Magnus Carlsen 
3. Koneru Hampi 
4. Robert Azevedo 
5. Sindhuja Agarwal
Explanation: Magnus Carlsen. He has retained the title and won the title by collecting Six and a Half points, while Anand had only four and a half points to his credit.
32) The athletes won the men`s and women`s category races of the Airtel Delhi Half Marathon on .......... day flagged off from the Jawaharlal Nehru stadium?
1. 22 nov 2014 
2. 21 nov 2014 
3. 23 nov 2014 
4. 25 nov 2014 
8. 27 nov 2014

Explanation: Guye Adola (Ethiopia) and Florence Kiplagat (Kenya). Suresh Kumar and Preeja Sreedharan emerged winners among the Indian athletes who took part in the Airtel Delhi Half Marathon.
33) Among the following Which stock exchange has been derecognized by Securities Exchange Board of India (SEBI) in Nov`14?
1. Mumbai stock exchange 
2. Delhi stock exchange 
3. Ahmedabad Stock exchange 
4. Kolkata Stock Exchange 
5. Bangalore Stock Exchange
Explanation: Delhi Stock Exchange. SEBI observed that the activities of DSE were carried out in a manner which didn’t protect interest of the investors. 
34) Name the senior congress leader and former Union Minister who passed away on 24thNov`14? 
1. Kapil Krishna Thakur 
2. Murli Deora 
3. Mohan Nag 
4. M V raghavan 
5. Govind M Rathode 
Explanation: Murli Deora. The industrialist and social worker-turned-politician began his innings from the Mumbai Municipal Corporation way back in 1968 when he was elected corporator.
35) Name the exam, for which government on 23rd Nov`14 discuss the issues with leaders of various parties in both the houses of parliament during the all party meeting?
3. CSAT 
4. CAT 
Explanation:  What is CSAT?
• Civil Services Aptitude Test, a compulsory part of Civil Services Examination, that act as a screening test to Civil Services Main examination Conducted annually by Union Public Service Commission of India. It is also known as Civil Services Preliminary Examination 
36) India will host the 11th International Inter-Ministerial Conference on `Population and Development` at which city on 25-26, November 2014?
1. Pune 
2. Hyderabad 
3. New Delhi 
4. Mumbai 
5. Bangalore

Explanation: The theme for the conference is "South-South Cooperation for investing for demographic dividend in the post ICPD / MDG frameworks". 
37) World Fisheries Day was observed entire the world on which day?
1. 20 november 
2. 21 november 
3. 22 november 
4. 19 november 
5. 12 november 
Explanation: 21st November. As a part of celebrations of World Fisheries Day, Union Government of India announced to launch Blue Revolution to increase in fish production and productivity in India 
38) Name the country Which gets the top position in the ICC ODI rankings after winning the international series on 23rd Nov`14?
1. Srilanka 
2. India 
3. South Africa 
4. Australia 
5. West Indies
Explanation: Australia. Australia is only 0.2 rankings point ahead of India.
39) Which country has won its first ever Davis Cup Tennis title on 23rd Nov`14?
1. Kenya
2. Switzerland
3. France 
4. South Africa 
5. USA
Explanation: Switzerland, defeating France. Switzerland is the fourteenth nation to win the Davis Cup
40) Dhruv is the Helicopter presented to which country at an army function in Kathmandu on 25th Nov`14 by PM Narendra Modi?
1. Bangladesh 
2. Nepal 
3. Srilanka
4. Kenya 
5. USA
Explanation: Dhruv Helicopter. It is a utility helicopter developed and manufactured by India`s Hindustan Aeronautics Limited (HAL). 
41) "Swachh Bharat Kosh" was launched by the government on.......?
1. 20 Nov ` 14 
2. 21 Nov `14 
3. 25th Nov`14 
4. 26th Nov ` 14 
5. 27th Nov ` 14 
Explanation: The main Objective is To achieve the objective of cleanliness across the country. The fund will be utilised to build toilets in schools of rural and urban areas to achieve the objective of cleanliness. .
42) Sitara Devi was the legendary dancer who passed away on 25th Nov`14. She was famous in .....?
1. Manipuri 
2. Kathak 
3. Konkini 
4. Kuchipudi 
5. Bharatha Natyam
Explanation: Sitara Devi. She was 94 years old. She was honored with prestigious awards like Sangeet Natak Akademi Award, Padma Shri and Kalidas Samman. 
43) Name the Bus Service that will run a luxury Volvo bus on the Delhi-Kathmandu route and was flagged off by on 25th Nov`14?
1. Delhi Transportation Corporation service 
2. Kathmandu Transportation Corporation service 
3. Delhi - KathmanduTransportation Corporation service 
4. India Transportation Corporation service 
5. Indo-Nepal Transportation Corporation service
Explanation: DTC had received a proposal from Prime Minister`s Office for starting this service corresponding with Prime Minister Narendra Modi`s two-day visit to Nepal for the SAARC summit. .
44) How Many centers of SAARC are to be merged to form the SAARC Environment and Disaster Management Centre (SEDMC)? 
1. 4 
2. 5 
3. 6 
4. 7 
5. 8
Explanation: SAARC Coastal Zone Management Centre (SCZMC) in the Maldives, the SAARC Meteorological Research Centre (SMRC) in Bangladesh, SAARC Forestry Centre (SFC) in Bhutan, and the SAARC Disaster Management Centre (SDMC) in India. 
45) How Many centers of SAARC, that are to be shut down? 
1. 1 
2. 2 
3. 4 
4. 3 
5. 5
Explanation: The SAARC Documentation Centre (SDC) in New Delhi, SAARC Human Resource Development Centre (SHRDC) in Islamabad and SAARC Information Centre (SIC) in Kathmandu. A decision to this end was reached on 24th Nov`14 in the 41st Session of the SAARC Standing Committee of the foreign secretaries of the member countries in Kathmandu. 
46) Kiran Gurrala has been appointed as the Chief Executive Officer of which among the following Metropolitan Development Authority (MDA) on 24th Nov`14? 
1. Hyderabad (HMDA) 
2. Chennai (CMDA) 
3. Bangalore (BMDA) 
4. Mumbai (MMDA) 
5. Delhi (DMDA)
Explanation: Kiran Gurrala, IAS Officer. She was Additional Director of Agriculture, has been posted as CEO in place of A Karthik, who was holding the post of Member-Secretary of planning authority as well as the CEO.
47) Ms Deborah is the player who created history in National Level by winning how many Gold Medals in the Track Asia Cup Cycling Championship 2014 which concluded at Indira Gandhi Stadium, New Delhi in Nov`14?
1. 2 
2. 4 
3. 5 
4. 6 
5. 1
Explanation: Ms. Deborah. She is an Indian Cyclist and a tribal girl from Andaman and Nicobar Islands. .
48) 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.
49) Which hydropower project was built by China over Brahmaputra River - its first unit in Tibet started operations on 23rd Nov`14?
1. Zanu 
2. Zangmu 
3. Vizanmu 
4. Vianmu 
7. Chianmu 
Explanation: Zangmu Hydropower Project. It will have a total generating capacity of 510,000 kilowatts.
50) Name the company among the following , Who has released the report titled `Future of India- The Winning Leap` which was released on 24th Nov`2014?
1. Pricewaterhouse Coopers
 International Ltd. 
2. Waterworks Ltd. 
3. GHMC 4. HMDA 
5. CMDA coopers Ltd
Explanation: Price water house Coopers International Ltd. The report emphasises that India has the potential to achieve 9 % growth rate and become a 10 trillion US dollars economy by 2034.