Economy Current Affairs
November 2nd Week 2014 Current Affairs
Category : Economy Current Affairs
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1) Name the drug developed by Scientists as an alternative to Antibiotics?
Ans : (1) 
1. Staphefekt 
2. Antidrug
3. Vektefekt
4. Effectofekt 5. Curofekt
Explanation: This new drug will aid in the fight against antibiotics-resistant superbugs such as MRSA (Methicillin-resistant Staphylococcus aureus).
2) What is the name of the project launched to create awareness on Bhopal Gas tragedy?
Ans: (2)
1. Bhopal Project
2. Selfie Project
3. Rescue Project 
4. Gas Project 
5. None 
Explanation: This project has been launched by Bhopal Medical Appeal, a UK-based body that works for the gas leak victims. The participants in the project would have to wear a T-shirt bearing the tagline of `We all live in Bhopal` and post it on their respective social media accounts including Facebook and Twitter.
3) Sangita Awhale is the woman honoured by the which state government who sold her `Mangalsutra` to build a toilet?
1. Madhya Pradesh 
2. Maharashtra 
3. Gujarath 
4. Nagaland 
5. UP 
Explanation: State`s Rural Development Minister Pankaja Munde honoured her in Mumbai.
4) Clam Government Council of Ashtamudi Lake is in which state which is the fishery that has become first Marine Stewardship Council (MSC) certified fishery in India?
Ans: (2)
1. Karnataka 
2. Kerala 
3. Tamilnadu 
4. Goa 
5. Gujarath 
Explanation: Clam Government Council of Ashtamudi Lake, Kerala. Marine Stewardship Council certification is the world`s most rigorous, science-based standard for sustainable seafood.
5) What is the name of the project conceptualised and indigenously developed by Bharat Electronics Limited to tackle traffic problems in Hyderabad?
5. None 
Explanation: Hyderabad has found a smart solution for its well known traffic problems with the Hyderabad Traffic Integrated Management System coming into being. It is the first of its kind intelligent signaling system in the country. Though the search was on for an integrated traffic management system for many years, the H-TRIMS project has been taken up in August 2012, after Dilsuknagar Blasts.
6) Which festival will be celebrated in Nagaland on 1st Dec`14 and attended by Prime Minister Narendra Modi?
1. Hornbill 
2. Hornbull 
3. Kadwa Chauth 
4. Horsetail 
5. None 
Explanation: Chief Minister, T.R. Zeliang during his visit to Delhi had called on Mr Modi to invite him for the annual Hornbill festival and Statehood day celebration.
7) Which will be the theme of the National Children`s Film Festival scheduled to begin from 14th Nov`14 among the following?
1. Cleanliness 
2. Bachho ko Bachao 
3. Educate the child 
4. Save Girl Child 
5. None 
Explanation: An exhibition on the film festival and workshop on cinematography, animation, puppetry and best out of waste will also be organized on the occasion.
8) What is the name of the mission Under which the government has allocated Rs. 5000 Crore for pomoting traditional methods of treatment in the country? 
Explanation: Through the mission, the government will provide assistance to States in strengthening infrastructure for promoting Ayurveda, Yoga, Unani, Siddha and Homeopathy, AYUSH.
8) President of India is on a two day visit from 7th Nov`14, To which country? 
1. Srilanka 
2. Bhutan 
3. Nepal 
4. Bangladesh 
5. Pakistan 
Explanation: A memorandum of Understanding on establishment of Nalanda University and agreement in the field of Education will be signed in presence of President and top leadership of Bhutan.
9) Which Is that country in which internationally recognised parliament on 6thNov`14 rejected a Supreme Court decision to nullify it saying the ruling was taken "under the threat of arms"?
1. Libya 
2. Bolivia 
3. Cambodia 
4. Cuba 
5. Norway 
Explanation: The House of Representatives rejects the verdict under these conditions and says it is still functioning, as is the government" elected on 25th June.
11 Japanese Prime Minister Shinzo Abe and Chinese President Xi Jinping will hold their first summit next week, After how many years?
1. 3 
2. 2 
3. 4 
4. 5 
5. 6 
Explanation: The countries have agreed to arrange a summit next week in Beijing on the sidelines of the Asia-Pacific Economic Cooperation (APEC) forum.
12) Ms Loretta Lynch, will be the first African-American woman to head the which country Justice Department as chosen by tht President?
1. US 
2. UK 
3. USSR 
4. Canada 
5. None
Explanation: Ms Loretta Lynch, New York Federal Prosecutor. She will replace Eric Holder as US Attorney General.
13) Cairo, Cyprus and which other country will hold a trilateral summit in Cairo on 8thSep`14 to discuss economic and commercial projects between the three countries?
1. Bolivia 
2. Egypt 
3. Sweden 
4. Sudan 
5. England 
Explanation: Egypt, Cairo and Cyprus. The three countries will also discuss regional issues, including the Israeli-Palestinian conflict and also the situation in Syria and Iraq.
14) Ganpat vasava is the leader nominated for the post of Speaker of which State Assembly? 
1. Telengana 
2. Gujarath 
3. AP 
4. Chhattisgarh 
5. Jharkhand 
Explanation: He is southern Gujarat tribal and present Cabinet Minister. He will replace former Speaker Mr. Vajubhai Vala, who had resigned after his appointment as Governor of Karnataka. 
15) What is the name of the vessel of Indian Navy that sunk off the Visakhapatnam coast during a naval exercise on 6th Nov`14?
1. Torpedo Recovery Vessel 
2. Torento Recovery Vessel 
3. Torent Renovations vessel 
4. Torpit Rennovations Vessel 
5. None 
Explanation: Torpedo Recovery Vessel (TRV-72). The incident occurred at about 35 nautical miles south of Visakhapatnam and 28 nautical miles from the closest point of the coast.

16) Mr. Evo Morales Ayma has been re-elected as President of the Plurinational Republic of ....?

1. Morocco 
2. Bolivia 
3. Monaco 
4. Mangolia 
5. Malaysia
Explanation: Mr. Evo Morales Ayma. He is popularly known as Evo and has served as President of Bolivia since 2006.
17) Who among the following has been appointed as the captain of the ICC ODI Team of the Year 2014 on 5th Nov`14? 
1. MS Dhoni 
2. Shikhar Dhawan 
3. Virat Kohli 
4. Angelo Mathews 
5. Yuvraj Singh 
Explanation: He has been selected in the ICC ODI team of the year for the eight time (seventh year in a row), while fifth year as a captain of the team.
18) Which Indian private sector bank was recognised by the World Economic Forum (WEF) as a "Global Growth Company" for 2014? 
1. Axis Bank 
2. RBL Bank 
3. Ing Vysya 
4. Oriental Bank of Commerce 
5. HDFC 
Explanation: He was 93. Kirk also known as Dutch died due to natural causes at the Park Springs Retirement Community in Stone MountaiIt is also known as Ratnakar Bank Limited headquartered at Kolhapur, Maharashtra.
19).It is also known as Ratnakar Bank Limited headquartered at Kolhapur, Maharashtra. 
1. Amazon india 
2. Flipkart 
3. Bluedart Couriers 
4. Fast Express 
5. None
Explanation: Earlier he was Global CFO of Tata Communications
20) Amur Falcon route has been tracked for the first time by the scientists recently. It is a ..? 
1. Planet 
2. Migratory Bird 
3. Comet 
4. Meteor 
5. Galaxy
Explanation: This bird was released on 7th November 2013 in Doyang forests in Wokha district of Nagaland and it had returned on 29th October 2014. It had travelled from Nagaland to South Africa on to Mongolia and back to Nagaland.
21) The first-ever Daandauti Parikarma of holy city Mathura has been started on which day?
1. 6th Nov 
2. 5th Nov 
3. 7th Nov 
4. 8th Nov 
5. 9th Nov 
Explanation: Dandauti Parikrama refers to the practice of covering the entire distance of `parikrama` (circumambulation) by lying down and rolling over. Till now, devotees perform `Dandauti Parikrama` of Goverdhan, Vrindaban, Barsana, Nandgaon, Baldeo and `Chaurasi Kos`. 
22) Erach Bharucha has been named for the Royal Bank of which country(RBS) `Earth Hero` award for year 2014?
1. Switzerland 
2. Scotland 
3. Sweden 
4. South Africa 
5. South Korea
Explanation: At present he is the Director Bharat Vidyapeeth Demmed University, Pune. 
23) Niraj Antani the Indian-American who became one of the youngest state lawmakers in .......on 5th Nov`14? 
1. UAE 
2. USSR 
3. United states 
4. Canada 
5. UK 
Explanation: Niraj Antani, 23. He was elected to the Ohio House of Representatives
24) According to the decision taken by the Union Cabinet on 5th Nov`14 how many unlicensed district central co-operative banks in different states will be revived ? 
1. 23 
2. 24 
3. 25 
4. 26 
5. 27 
Explanation: 23 Unlicensed District Central Co-operative Banks. Under the Scheme, the total capital infusion required for revival of these banks would be over 2375 crore rupees. 16 banks are in Uttar Pradesh, 3 each in Jammu and Kashmir and Maharshtra and 1 in West Bengal. 
25) Which rank has PM Narendra Modi earned in the Forbes List of World`s Most powerful people this year (2014)?
1. 15
2. 16 
3. 17 
4. 12 
5. 13
Explanation: Russian President Vladimir Putin has pipped his US counterpart Barack Obama for a second year in a row and is at the top. The top five remain the same as last year. After Vladimir Putin and Barack Obama, Chinese President Xi Jinping has been ranked third, Pope Francis at number 4 and the world`s most powerful woman German Chancellor Angela Merkel at fifth.
26) Guru Nanak Jayanti is celebrated on ..? 
Ans : (1)
1. 6th Nov 
2. 7th Nov 
3. 8th Nov 
4. 12th Nov 
5. 10th Nov 
Explanation: On the occasion, devotees throng to Gurudwaras to remember and pay homage to their gurus. 
27) Name the country in which human rights record has been criticised during a session of the UN Human Rights Council, UNHRC on 5th Nov`14? 
Ans: (1)
1. Egypt 
2. England 
3. Italy 
4. Indonesia 
5. None
Explanation: At a regular review process, which all member states undergo, the US and UK envoys to the UNHRC urged Egypt to free political prisoners and investigate alleged abuses by security forces 
28) "Playing it my way" is the autobiography of which player launched on 5th Nov`14?
1. Sachin Tendulkar 
2. MS Dhoni 
3. Sunil Gavaskar 
4. Azahruddin 
5. None
Explanation: At the launch, Tendulkar presented a copy to his mentor and childhood coach Ramakant Achrekar in the presence of his daughter Sara.
29) Aparajitha Rai is the First Woman IPS Officer from which state?
Ans: (1)
1. Sikkim 
2. Nagaland 
3. Tripura 
4. Manipur 
5. Meghalaya
Explanation: She is 28 year old and posted in Hoogly, West Bengal 
30) Who among the following is the officer appointed as the new Chairperson of the Central Board of Direct Taxes? 
1. Anitha Kapur 
2. Amala Paul 
3. Adhiti Kapur 
4. Aruna Israni 
5. None 
Explanation: Anita Kapur, Senior IRS Officer. She succeeded K V Chowdhary who has retired on 31stOct`14.

31) Name the bank which became the first Listed Indian Company in the list of 30 companies having more than 75% shareholding by Foreign Institutional Investors (FIIs)? 

1. HDFC 
2. Ing Vysya 
3. Axis Bank 
4. Oriental bank of Commerce 
Explanation: FII raised their stake in the company to a record-high of nearly 78% during the last quarter.
32) Which Indian player was awarded with the ICC People`s Choice Award for the year 2014?
1. Bhuvanesh Kumar 
2. Shikhar Dhawan 
3. MS Dhoni 
4. Yuvraj Singh 
5. None
Explanation: Bhuvanesh Kumar, Indian Pace Bowler. He is the third Indian after Sachin Tendulkar and M S Dhoni to win this award. 
33) 7th South Asia Economic Summit organised by Research and Information System for Developing Countries inaugurated in India on which day? 
1. 5th Nov 
2. 6th Nov 
3. 7th Nov 
4. 1st Nov 
5. 2nd Nov 
Explanation: It was inaugurated by the Vice President Shri M. Hamid Ansari. 
34) Which country became the partner on 3rd Nov`15 for Vibrant Gujarat Global Investors Summit 2015? 
1. United states 
2. USSR 
3. Canada 
4. UAE 
5. None 
Explanation: It will be the Eighth Country to partner this event.
35) Name the state In which 20 drawings of the Harappan (Sindhu) era in Gondi dialect were recently discovered?
1. Karnataka 
2. Kerala 
3. AP 
4. Telengana 
5. None
Explanation: Hampi, Karnataka. The drawings were found on a boulder on top of a hill near Talwarghatta that is adjacent to river Tungbhadra. 
36) Fabiola Gianotti was appointed as first woman chief of CERN particle physics research centre on 4th Nov`14. She belongs to which country? 
1. Italy 
2. Iran 
3. USA 
4. England 
5. Egypt
Explanation: Fabiola Gianotti, Italian Physicist. She became the first woman to be put in charge of a top global scientific institution in the field. 
37) Who is the person who created the GUNNESS World Record of Double Tightrope as he walked between Chicago Skycrapers blindfolded on 3rd Nov`14? 
1. Nik Wallenda
2. Nikky Wallet 
3. Nike Gouan 
4. Nik Halenog 
5. None 
Explanation: He sets up two new world records yesterday after successfully completing back-to-back high-wire walks above the city of Chicago and completed both crossings without a safety net or a harness.. He took 6 minutes and 52 seconds to complete the first stages 500ft above the ground - in winds that were gusting at up to 40km/h and then, blindfolded, he crossed the 94ft between the Marina City`s and east towers in 1 minute 17 seconds. 
38) Hasmukh Adhia is the officer appointed as the Secretary, Department of ......Services as announced on 3rd Nov`14? 
1. Finance 
2. Revenue 
3. Agriculture 
4. Road & Transport 
5. Railway
Explanation: He is a 1981-batch IAS officer and presently working as Additional Chief Secretary in the Finance Department of Gujarat government. He replaced Financial Services Secretary Gurdial Singh Sandhu.
39) Who is the person who has become first Indian to receive Japan`s top national award `The Grand Cordon of the Order of the Paulownia Flowers` for his contribution to India-Japan ties? 
1. Dr. Manmohan Singh 
2. Narendra Modi 
3. Sushma Swaraj 
4. Sonia Gandhi 
5. Atal Bihari Vajpeyee
Explanation: Dr. Manmohan Singh, former Prime Minister of India. He will be awarded `The Grand Cordon of the Order of the Paulownia Flowers` for his significant contribution to the enhancement of relations and promotion of friendship between Japan and India for about 35 years.
40) Name the country In which United Nation Chief Ban- Ki-Moon launched a global campaign to end the deadly practice of female genital mutilation on 30thOct`14? 
1. Kenya 
2. Cambodia 
3. Cuba 
4. Norway 
5. Monaco
Explanation: As per the UN, the practice of female genital mutilation is a violation of human rights. 
41) Whom among the following has announced on 3rd Nov`14 to commemorate the 1000th Anniversary of the coronation of ancient Tamil King Rajendra Chola with a series of activities?
1. Indian Navy 
2. Srilanka Navy 
3. Tamilnadu Govt 
4. Kerala Govt 
5. None 
Explanation: Indian Navy will join hands with the National Maritime Foundation and the Tamil Nadu government for the celebration. Rajendra Chola I considered as one of the greatest rulers and military leaders of the Indian Tamil Chola Empire. .
42) Lewis Hamilton won the Formula One United States Grand Prix on.......?
1. 2nd Nov 
2. 3rd Nov 
3. 4th Nov 
4. 5th Nov 
5. 6th Nov
Explanation: With 32 Grand Prix wins, Lewis Hamilton is now officially the most successful British F1 driver in history, moving past Nigel Mansell`s previous record. 
43) What was the position of India at Para Asian Games 2014 held at Incheon, South Korea?
1. 14 
2. 15 
3. 16
4. 17 
5. 18
Explanation: 15th Position with 33 medals that includes 3 Gold, 14 Silver and 16 Bronze
44) Which cricket team was to record first series win over Australia in 20 years after defeating in the 2 Test Match Series?
1. Pakistan 
2. Srilanka 
3. England 
4. Zimbabwe 
5. Bangladesh
Explanation: Pakistan won the series by 2-0 on 3rd Nov`14 at Abu Dhabi.
45) Who is the Pakistani player who created the world record for fastest Test Century on 2nd Nov`14? 
1. Misbah-ul-Haq 
2. Shahid Afridi 
3. Yousuf Youhana 
4. Shajid Khan 
5. None
Explanation: Misbah-Ul-Haq, Pakistan Captain. He scored century in 56-balls against Australia and equaled the record of Sir Vivian Richards, West Indies. 
46) Chang Xing Dao and Changzheng-2 the Warship and Submarine of which country that arrived at the Colombo port on 31st Oct`14 resulting in negligence of concerns raised by the Indian Government?
1. China 
2. Japan 
3. South Korea 
4. Nepal 
5. None
Explanation: They will remain at Colombo port for 5 days for crew refreshment and refueling.
47) Which is the India`s neighboring country that witnessed 24-hour blackout on 1st Nov`14?
1. Bangladesh 
2. Pakistan 
3. Srilanka 
4. Nepal 
5. None
Explanation: It created huge disturbance all across the country. It happened because of failure of the relay system. .
48) EVK S Elangovan is the leader appointed as the new President of .........Congress Committee on 1st Nov`14?
1. Karnataka 
2. Tamilnadu 
3. Goa 
4. Kerala 
5. Telengana
Explanation: His appointment came after the resignation of B S Gnandesikan, President of Tamil Nadu Congress Committee.
49) Identify the theme of India Economic Summit scheduled to be held from 4th to 6th Nov`14? 
1. Redefining Public-Private Cooperation for a New Beginning
2. Renovation of Public-Private Cooperation for a New Beginning
3. Revolution of Public-Private Cooperation for a New Beginning
4. Resolution of Public-Private Cooperation for a New Beginning
5. Revolution & Resolution of Public-Private Cooperation of a New Beginning
Explanation: `Redefining Public-Private Cooperation for a New Beginning`. The World Economic Forum and the Confederation of Indian Industry (CII) will jointly host the Summit.
50) Which is the semi-high speed train proposed to be launched between Delhi and Agra? 
1. Himanshu Express 
2. Gatimaan Express 
3. Gamana Express 
4. Agra Express 
5. Abinav Express
Explanation: This is the first semi bullet train that proposes to run at the speed of 160km/hour, the highest speed till date in Indian Railways.