Economy Current Affairs
March 1st Week 2015 Current Affairs
Category : Economy Current Affairs
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1) The ...... National Voters Day was celebrated in India on 25th January 2015.? 

Ans : (1)
1. 5th
2. 6th
3. 7th
4. 1st
5. 2nd 
Explanation: The Election Commission of India is celebrating 5th National Voters` Day ( NVD) across the country and the theme for the 5th NVD is `Easy Registration, Easy Correction`.
2) Election Commission Foundation Day was observed on which day?
Ans : (4)
1. 28th January`15.
2. 27th January`15.
3. 26th January`15.
4. 25th January`15.
6. 22nd January 2015
Explanation: 25th January is also the foundation day of the Commission, which came into being on this day in 1950.
3)India signed a Joint Declaration of Intent for Cooperation in the Field of Information & Communications Technology and Electronics (ICTE) With which country on 23rd Jan`15, ? 
Ans : (2)
1.United Kingdom
2.United States
Explanation: This Joint Declaration of intent made for a period of next five years would help in strengthening industrial, technological, research & innovation and economic cooperation between India and U.S. in the ICTE sector.
4)Among the following , In which year were the National Bravery Awards instituted in India?
 Ans : (2)
Explanation: This Award is given annually by the Government of India and Indian Council of Child Welfare. This year, 24 children selected for the awards include 4 awardees who have been rewarded posthumously for their acts of bravery.
5) Which tennis player has defeated four time champion Roger Federer in the Australian Open on 23rd Jan`15? 
Ans : (4)
1.Dudi Sela
2. Andy Murray
3. Rafael Nadal
4. Andreas Seppi
Explanation:It was the Italian player Seppi`s first win against Federer in 11 matches.
6)Who among the following is the new South Korean Prime Minister ?
Ans : (1)
1. Lee Wan Koo
2. Chung Hong-Won
3. Park Geun Hye
4. Guyen Kui
5. None of these
Explanation: He succeeds Chung Hong-Won. Chung Hong-Won had offered to resign over a ferry disaster that killed more than 300 people in Apr`14.
7) Recently, In which year India`s foreign exchange reserves touched an all-time high of $322.135 billion on account of a surge in foreign currency assets? 
Ans : (4)
1. 2012
2. 2013
3. 2014
4. 2015
5. 2016
Explanation: India`s foreign exchange reserves touched an all time high of 322.135 billion US Dollars for the week ended 16thJanuary`15. Strong FII inflows and reduction in import burden due to a record fall in oil prices have led to accumulation of the record forex reserves.
8)Which bank directed all the banks to display all costs associated with loans on their website on 22nd Jan`15?
Ans : (3)
3. RBI
4. Ministry of Finance
5. Central Bank
Explanation: Reserve bank of India made it compulsory for banks to set out every possible cost in respect of the loan in a fact sheet at the processing stage and they also have to publish the `annual percentage rate` representing the total cost of credit to an individual borrower.
9)Which bank launched the 1 trillion Euros Bond Buying Programme recently to revive Euro Zone Economy?
 Ans : (3)
1. Central bank
2. Federal bank
3. European Central Bank
4. Central Bank
5. None
Explanation: ECB would purchase sovereign debt starting from March 2015 until the end of September 2016 in an effort to release 60 billion euros ($68 billion) a month into the European economy.
10)Name the state in which `Chota ATM` launched by SBI and Ezetap recently?
Ans : (4)
1. Karnataka
2. Punjab
3. Maharashtra
4. Kerala
5. Telengana
Explanation: Chota ATM enables kirana store owners, taxi drivers, small businessmen, traders who are dealing with customers to turn their mobile device into both a cash withdrawal point as well as a credit/debit card payment terminal.
11) Who is the U.S. President who became the first sitting president to visit India twice? 
Ans : (3)
1. Bill Clinton
2. George Bush
3. Barack Obama
4. Jimmy Carter.
5. None
Explanation: He is also the first American President to become Chief Guest at India`s Republic Day Celebrations.
12) Who among the following is the first ever woman officer to lead the ceremonial Guard of Honour that was inspected by the U.S. President Barack Obama at Rashtrapathi Bhavan on 25th January 2015? 
Ans : (4)
1. Pooja Sharma
2. Anjali Gupta
3. Anjali Sharma
4. Puja Thakur
5. Divya Pandey
Explanation: She is a Wing Commander of the Indian Air Force. It is the first time a woman officer led the Guard of Honour for a major visiting dignitary at Rashtrapati Bhavan.
13)Recently, The women`s singles title at the Syed Modi Grand Prix Gold badminton tournament was held in which city on 25thJan`15?
Ans : (2)
1. Kanpur
2. Lucknow
3. Pune
4. Hyderabad
5. Secunderabad
Explanation: She beat the reigning world champion Carolina Marin of Spain at Babu Banarasi Das Indoor Stadium, Lucknow.
14)Who among the following won the Men`s singles title at the Syed Modi Grand Prix Gold badminton tournament held in Lucknow on 25th Jan`15?
 Ans : (1)
1. Parupalli Kashyap
2. Kidambi Srikanth
3. Sameer Varma
4. Aditya Prakash
5. Omkar Guptha
Explanation: P. Kashyap defeated Kidambi Srikanth in the Men`s Single title.
15) How many persons were chosen for Padma Awards for the year 2015 on 25th Jan`15?
Ans : (4)
Explanation: Total 104 persons were chosen for these awards, of which 9 were awarded Padma Vibhushan, 20 were awarded Padma Bhushan and 75 were awarded Padma Shri.

16) Which is the highest civilian award in India? 

Ans : (1)
1. Bharat Ratna
2. Padma Vibhusan
3. Padma Bhusan
4. Padma Shree 
5. Padma Deva
Explanation: Bharath ratna is the highest civilian award of the Republic of India. Instituted on 2 January 1954, the award is conferred "in recognition of exceptional service/performance of the highest order", without distinction of race, occupation, position, or sex. The award was originally limited to achievements in the arts, literature, science and public services but the government expanded the criteria to include any field of human endeavour" in December 2011. Recommendations for the Bharat Ratna are made by the Prime Minister to the President, with a maximum of three nominees being awarded per year. Recipients receive a Sanad (certificate) signed by the President and a peepal-leaf-shaped medallion.
17) Name the second highest civilian award in India? 
Ans : (3)
1. Param Vir Chakra
2. Ashok Chakra
3. Padam Vibhusan
4. Padma Shree
5. Bharath Ratna
Explanation: Padam Vibhusan is the second highest civilian award after Bharat Ratna. Padma Vibhushan is awarded for exceptional and distinguished service; Padma Bhushan for distinguished service of high order and Padma Shri for distinguished service in any field. The awards are announced on the occasion of Republic Day every year.
18) Under the category of foreigners, How many persons of NRI and PIO were selected for the Padma Awards 2015?
Ans : (3)
Explanation: Padma Awards, namely, Padma Vibhushan, Padma Bhushan and Padma Shri are given for exceptional and distinguished service in any field including service rendered by Government servants. The recommendations for Padma Awards are received from the State Governments/Union Territory Administrations, Central Ministries/Departments, Institutions of Excellence, etc. which are considered by an Awards Committee. On the basis of the recommendations of the Awards Committee, and after approval of the Home Minister, Prime Minister and President, the Padma Awards are announced on the eve of the Republic Day.
19) Who is the only foreigner awarded with Padma Vibhusan Award 2015? 
Ans : (3)
1. Prof. Manjul Bhargava
2. Ms. Melinda Gates
3. Shri Karim Al Hussaini Aga Khan
4. Bill Gates
5. None
Explanation: Shri Karim Al Hussaini Aga Khan (Foreigner) of France/UK (State/Domicile)given Padma Vibhusan award in the disciple of Trade and Industry.
20) Who among the following has been awarded with the Padma Vibhushan award 2015 in the Art discipline? 
Ans : (1)
1.Amitabh Bachchan and Mohd. Yusuf Khan
2. Lal Krishna Advani
3. Jagadguru Ramanandacharya Swami Rambhadracharya
4. Dr. D. Veerendra Heggade
5. Shri shankar Guruji
Explanation: Lal Krishna Advani has been awarded with Padma Vibhushan Award in the Public Affairs discipline; Jagadguru Ramanandacharya Swami Rambhadracharya has been awarded in the Others category; Dr. D. Veerendra Heggade has been awarded with the Padma Vibhushan Award in the Social Work discipline.
21) The number of MoUs that have been signed between India and United States on 25th Jan`15 as part of Indian Government ambitious "Smart Cities" Scheme are....?
Ans : (2)
Explanation: Under these MOUs, the U.S. would assist India in developing three smart cities Allahabad, Ajmer and Visakhapatnam.
22) According to the Civil Nuclear Agreement between United States and India on 25th Jan`15 which is correct among the following?
Ans : (1)
1.It would not allow nuclear contracts to be signed between U.S. Firms and India.
2. India has not reached an understanding on two issues-civil nuclear liability and administrative arrangements for implementing 123 Agreement.
3. It would allow nuclear contracts to be signed between U.S. Firms and India.
4. None of these.
5. All above
Explanation: It would allow nuclear contracts to be signed between U.S. Firms and India.
23) According to the agreement made between U.S. and India on 25th Jan`15, which among the following will be established between the Indian Prime Minister and the U.S. President and National Security Advisors (NSAs) of the two countries? 
Ans : (1)
1. Secure hotlines
2. Telephone Channel
3. Common Telephone Lines
4. None of these
5. All above
Explanation: India and United States on Sunday (25 January) agreed to set up a hotline between the two countries` top leaders, PM Narendra Modi and US President Barack Obama. The two leaders decided to stay quiet on the major discussions between them at the Hyderabad House in New Delhi on Sunday (25 January).
24) Identify that Which edition of Republic Day was celebrated in India on 26th Jan`15? 
Ans : (2)
Explanation: India celebrated its 66th Republic Day on Monday with US President Barack Obama as its chief guest. He is the first US President to be the chief guest at the parade. On January 26, 1950, the Indian Constitution came into force. With women empowerment being this year`s theme for the Republic Day parade, the Army, the Navy and the Air Force fielded an all women contingent each.
25) Who among the following are the two army personnel who laid down their lives combating militants in Kashmir Valley, were awarded posthumously the highest peacetime military honour, the Ashok Chakra, by President Pranab Mukherjee on Republic Day`15?
 Ans : (1)
1.Major Mukund Varadarajan and Lieutenant Neeraj Kumar Singh
2.Naik Mukund Varadarajan and Colonel Neeraj Kumar Singh
3.Subedar Mukund Verma and Naik Neeraj Kumar Singh
4.Major Mukund Varadarajan and Naik Neeraj Kumar Singh
5.Prabhath Rajan and Nikhilesh Kumar Singh
Explanation:  Major Varadarajan, who was an officer in the Rajput Regiment of the Indian Army, killed three terrorists in an encounter in Shopian district of Jammu and Kashmir in April last while Naik Neeraj Singh leading a search operation in general area Gurdaji of Kupwara district in August came under heavy fire from terrorists.
26) Who is the Anti-austerity party leader of Greece who won the parliamentary poll elections on 25th Jan`15? 
Ans : (3)
1.Antonis Samaras
2.Jens Weidmann
3.Alexis Tsipras
4.Johan Van Overtveld
5.Mark van Orchid
Explanation: He is a Greek politician who is the 186th Prime Minister of Greece since 26 January 2015, and the chairman of the Syriza party since 2009. He was first elected to the Greek Parliament in 2009, and was the Party of the European Left nominee for President of the European Commission in the 2014 European Parliament election. On 25 January 2015, Tsipras led SYRIZA to victory in a snap general election, receiving 36% of the vote and 149 out of the 300 seats in the Parliament.
27) Name the 63rd Miss Universe 2014 contest held at Miami in Jan`15?
Ans : (4)
1.Migbelis Lynette Castellanos
2.Elvira Castillo
3.Nia Sanchez
4.Paulina Vega
5.Nichola Elesto
Explanation: Colombia`s Paulina Vega was crowned Miss Universe beating out contenders from the United States, Ukraine, Jamaica and The Netherlands at the world`s top beauty pageant in Florida.
28) Name the state government which has decided to publish a Crop Calendar to help farmers in cultivation? 
Ans : (1)
1. West Bengal
2. Uttar Pradesh
3. Gujarat
4. Punjab
5. Goa
Explanation: The calendar will be a comprehensive guide to the farmers which give them information regarding cropping practices. The Calendars will be distributed at free of cost in each block . It will also provide for rehabilitation of farming system after natural calamities like flood and effective use of irrigation techniques reducing farmer`s dependence on weather.
29) Reserve Bank of India (RBI) has lifted a ban on carrying Indian bank notes of Rs 1,000 and 500 denominations to and from which country?. 
Ans : (2)
Explanation: RBI issued a circular eased the restriction on export and import of bank notes of 1,000 and 500 denominations for Nepal and Bhutan that it had imposed since May, 2000. The Indian central bank, however, has put a limit of carrying such notes at Rs 25,000 per person.
30) Name the state which hosted Indo-Russian Musical Festival ZimaFest from 24 January 2015 to 25 January 2015? 
Ans : (2)
5.Madhya Pradesh
Explanation: The festival presented a dichotomous mix of a classic all-round music festival that had Live and DJ performances at the same time started a new trend in the Indian festival environment.

31) Who among the following is the Indian cartoonist who passed away on 26th Jan`15? 

Ans : (4)
1. Abu Abraham
2. O.V. Vijyan
3. K Shankar Pillai
4. R K Laxman
5. V S Ramesh
Explanation: He was awarded with Padma Vibhushan and the Magsaysay Award.
32) Which among the following was the theme of Republic Day 2015? 
Ans : (4)
1.Green India
2.Vyasan Mukti
3.Clean India 
4.Naari Shakti 
5.Sthree Shakthi
Explanation: Indian Air Force (IAF) Wing Commander Pooja Thakur created history to become the first woman to lead the guard of honour for a dignitary. Pooja Thakur escorted the US President for the inspection of the tri-service guard of honour. The lady Wing Commander`s duty labelled as the most empowering happening and the theme of the Republic Day was bracketed into `Nari Shakti` (women`s empowerment).
33) Which among the following is the multi barrel rocket launcher produced in India ? 
Ans : (3)
5.None of these
Explanation: The name of the divine bow (dhanush) wielded by Lord Shiva. Therefore, Lord Shiva is also known as Pinaki, the wielder of Pinaka. Pinaka is a rocket system used by the Indian Army.
34) India has appealed for a panel decision on its issues with the US over agricultural imports, To which board of India World Trade Organisation?
Ans : (2)
1.Agro Trade Board
2.Dispute Settlement Board
3.Agro-Development Board
4.Consumer Foreign Board
Explanation: India had in 2012 imposed some prohibitions with regard to importation of various agricultural products from the US because of concerns related to Avian Influenza. This import prohibition is maintained through India`s Avian Influenza measures, mainly, the Indian Livestock Importation Act, 1898.
35) Which wing of Indian military took part in the Republic Day 2015 parade, For the first time?
 Ans : (4)
1.Indian Army
2.Indian Air Force
3.Indian Navy
4.All of the above
5.None of these
Explanation: Events and celebrations are organized with great effort by the Government of India already to celebrate the Republic Day in the Capital. A huge and grand military parade is held in the New Delhi at Rajpath as well as the state capitals. Participants from the Indian Army, Air Force, Navy and traditional dance group takes part in the parades.
36) Who is the women officer who lead first all-women contingent in Republic Day 2015 parade?
 Ans : (1)
1.Captain Divya Ajith Kumar
2.Wing Commander Puja Thakur
3.Captain Puja Ajith
4.Wing Commander Puja Sharma
Explanation: She was the first woman cadet in the history of the Army to have been awarded the prestigious `Sword of Honour` at the passing out parade of the Officers Training Academy (OTA) in Chennai in 2010.
37) In which newspaper, R. K. Laxman, Indian cartoonist`s daily cartoon `You said it` was first published?
 Ans : (3)
1.The Hindu
2.Navbharat Times
3.The Times of India
4.Indian Express 
5.Deccan Chronicle
Explanation: He was famous for political cartoons and he targeted Politicians for more than 5 decades.
38) Irom Sharmila was arrested Under which section of Indian Penal Code as a day after being released from jail, under the same charge of attempt to commit suicide by continuing her indefinite fast? 
Ans : (4)
1.Section 300
2.Section 307
3.Section 302
4.Section 309
5.Section 400
Explanation: Irom Shrmila, 43 years old is on a indefinite fast for 14 years demanding the repeal of Armed Forces Special Power Act (AFSPA).
39) Among the following, radio programs of All India Radio, President Barack Obama joined the talk with Prime Minister Narendra Modi in which radio program on 27th Jan`15? 
Ans : (4)
1.Chai pe Charcha
2.Vikas ki Baat
3.Man ki Awaaz
4.Mann ki Baat
5.Aap ki Baat
Explanation: Regional language / North-Eastern versions of this broadcast will be aired in respective regions at 9am IST on 28 January 2015.
40) What is the name of the winter snow storm that had hit the United States in January?
Ans : (3)
Explanation: `Juno` was expected to hit a large area of the U.S. East Coast from Philadelphia to New York City to Maine.
41) Who is the first female bishop consecrated as the Bishop of Stockport on 26th Jan`15? 
Ans : (3)
1.Rev Lane
2.Lane Williamson
3.Libby Lane
4.Nanny Kot
5.None of these
Explanation: The Church formally adopted legislation last November to allow women bishops, following decades of argument over women`s ordination.
42) Which asteroid had passed relatively close to earth on 26th Jan`15?
Ans : (4)
1.2014 BL 76
2.2015 BL 26
3.2010 BL 26
4.2004 BL 86
5.2005 BL 23
Explanation: The 325m-wide object, known as 2004 BL86, swept by earth at the very safe distance of 1.2 million km on 26th Jan`15.
43) Who was appointed as Secretary (Security) in the Union Cabinet Secretariat on 25th Jan`15 by Appointments Committee of the cabinet (ACC)? 
Ans : (3)
1.Harsh Vardhan Sinha
2.Prakash Raj
3.Divya Prakash Sinha
4.Yasho Vardhan Raj
5.Rakesh Kapoor

Explanation: He is a 1979 batch IPS officer of the Manipur-Tripura cadre. He has served the Intelligence Bureau (IB) for several years handling operations in key regions such as the Northeast and New Delhi.
44) The Colonel killed in J & K Battle day after being named on Republic Day 2015 for the Yudh Sewa Medal is.....?
Ans : (2)
1.Munindra Rai
2.Munindra Nath Rai
3.Munna Nath
4.Mukul Singh
5.None of these
Explanation: Colonel Rai, a 2/9 Gorkha Rifles officer who was commanding 42 Rashtriya Rifles, and J & K police head constable Sanjeevan Singh laid down their lives in the fierce encounter, which led to the killing of two Hizbul Mujahideen militants at Handora village of Tral in south Kashmir.
45) 70th anniversary of the liberation of the infamous Auschwitz concentration camp run by the which Nazi forces that was observed on 27th January 2015? 
Ans : (1)
1. German
2. French
3. Indian
4. British
5. Spanish
Explanation: In the Auschwitz Concentration Camp situated in Poland, where around 1.1 million people, with vast majority of Jews, were killed between 1940 and 1945.
46) India`s rank in internet`s contribution to social, economic, political progress? 
Ans : (2)
Explanation: India ranks behind BRICS nations in a comprehensive index aimed at measuring the Internet`s contribution to social, economic and political progress. According to Web Index released by World Wide Web Foundation on 10th December, though China is notorious for its great Internet firewall, the nation is far ahead of India when it comes to translating the power of the Internet into economic potential
47) Who among the following is the head of Public Accounts Committee?
Ans : (1)
1.K V Thomas
2.Naresh Trivedi
3.Suresh Kapadia
4.Srikar Malhotra
Explanation: The Public Accounts Committee was headed by KV Thomas. Recently it has recommended bringing water in the concurrent list of the Constitution. The panel, in a report titled `Water Pollution in India`, urged the Centre to come up with a national legislation on water. At the moment, water is a State subject.
48) How many drugs were bought under price control mechanism? 
Ans : (4)
Explanation: To keep a check on prices of essential medicines, the government has brought 52 new drugs under its price control mechanism. It includes some commonly used painkillers and antibiotics, as also those useful in treatment of cancer and skin diseases. Following the latest move, more than 450 drug formulation packs are now under the price control mechanism of the National Pharmaceutical Pricing Authority (NPPA), which entails the regulator fixing ceiling and retail prices for such medicines. The NPPA said yesterday that it has fixed the prices in respect of 52 drugs under the Drugs Prices Control Order (DPCO), 2013.
49) Which of the following state has declared Dahi Handi as adventuorous sport? 
Ans : (5)
Explanation: The Maharashtra government on 12th December declared Dahi Handi ( Human pyramids formed on the occasion of Krishan Janmashtami) as "adventurous sport" in order to make it a safe sport. It is a traditional sport in Maharashtra.
50) Vladimar Putin visited India, he is the President of....? 
Ans : (3)
Explanation:  Russian President Vladimar Putin visited India on 11th December. During the visit of Russian President Putin, Indian Prime Minister Narendra Modi outlined an ambitious vision for nuclear energy of at least 10 more reactors. It will also include manufacture of equipment and components in India. This also supports our Make in India policy." According to the document on "The strategic vision for strengthening cooperation in peaceful uses of atomic energy between India and Russia," conscious of India`s ambitious economic growth strategy, which would require a significant enhancement of power generating capacity, "the two sides have decided to fast-track the implementation of agreed cooperation projects for Nuclear Power Plants.