Economic News(General Knowledge ) Questions and Answers

Question 1. Mahindra & Mahindra is in talks with which French automobile major, for a strategic alliance?
  1.    Renault
  2.    Peugeot
  3.    Piaggio
  4.    Lafarge
Explanation:-
Answer: Option B. -> Peugeot
Answer: (b)According to top automobile industry sources in India and France, a senior level team from Mahindra has already visited the Peugeot headquarters.
Question 2. Consider the following statements:
  1. The government has approved revival of 7 sick central PSUs through disinvestment or joint venture route.
  2. It includes HMT Machine Tools and Tyre Corporation, Tungabhadra Steel Products, HMT Bearings, Richardson & Cruddas Ltd, Central Inland Water Transport Corp and Hoogly Docks & Port Engineers Ltd.
Which of the statements given above is/are correct?
  1.    2 only
  2.    Both 1 and 2
  3.    1 only
  4.    Neither of the above
Explanation:-
Answer: Option B. -> Both 1 and 2
Answer: (b)Board for Reconstruction of Public Sector Enterprises (BRPSE) was established in 2004 for this purpose.
Question 3. Consider the following statements:
  1. Union Government has announced that 5 sick public sector undertakings (PSUs) will be closed.
  2. It includes HMT, Hindustan Shipyard, BHEL, BEL, HPCL.
Which of the statements given above is/are correct?
  1.    2 only
  2.    Both 1 and 2
  3.    1 only
  4.    Neither of the above
Explanation:-
Answer: Option C. -> 1 only
Answer: (c)The 5 sick PSU that will be closed include HMT and its three units, Hindustan Shipyard. Government also has declared Air India and MTNL as sick PSU units as per the criteria after they have incurred losses worth 50 per cent or more of their average net worth during past four years.
Question 4. In how many districts of the country will the government will implement the first phase of the Universal Immunization programme ‘Mission Indradhanush’ from 7th Apr’15?
  1.    156
  2.    290
  3.    201
  4.    75
Explanation:-
Answer: Option C. -> 201
Answer: (c)These districts have been selected under the programme, keeping in view that nearly 50 per cent of all un-vaccinated or partially vaccinated children are in these 201 districts.
Question 5. The NERPAP programme, which is in news, is related to _____?
  1.    Panchayati Raj and Rural Development
  2.    Reserve Bank of India
  3.    Election Commission
  4.    Ministry of Agriculture
Explanation:-
Answer: Option C. -> Election Commission
Answer: (c)NERPAP is nothing but National Electoral Roll Purification and Authentication Programme.
Question 6. Green Energy Corridor Project (GEC) is related to:
  1.    developing Industrial corridor based on renewable energy.
  2.    facilitate the flow of renewable energy into the National grid.
  3.    establishment of Bio-gass plants in rural area.
  4.    establishment of solar-energy plants in rural area.
Explanation:-
Answer: Option B. -> facilitate the flow of renewable energy into the National grid.
Answer: (b)Union government has planned to roll out a 43000 crore rupees Green Energy Corridor Project to facilitate the flow of renewable energy into the national grid.
Question 7. Who has been appointed as the new Lok Sabha Secretary General?
  1.    R. K Mathur
  2.    Sumitra Mahajan
  3.    Anoop Mishra
  4.    Rajeev Kher
Explanation:-
Answer: Option C. -> Anoop Mishra
Answer: (c)Anoop Mishra, former Chief Secretary of Uttar Pradesh, has been appointed as the new Secretary General of the Lok Sabha.
Question 8. Which of the following statements are correct?
  1. Indian Science Congress 2015 has started in Delhi.
  2. The theme of this year Congress is “Science and Technology for Human Development”
Codes:
  1.    2 only
  2.    Both 1 and 2
  3.    1 only
  4.    Neither 1 Nor 2
Explanation:-
Answer: Option A. -> 2 only
Answer: (a)Indian Science Congress 2015 was inaugrated in Mumbai on January 3.
Question 9. Recently, the Reserve Bank of India has signed a USD 400 million currency swap agreement with the
  1.    Bank of Japan
  2.    Bank of Korea
  3.    Central Bank of Myanmar
  4.    Central Bank of Sri Lanka
Explanation:-
Answer: Option D. -> Central Bank of Sri Lanka
Answer: (d)The swap agreement between the RBI and the Central Bank of Sri Lanka seeks to bring in more financial stability. It has been signed for three years.
Question 10. Which of the following statetments are correct regarding the National Institute of Public Finance and Policy (NIPFP)?
  1. National Institute of Public Finance and Policy (NIPFP) is a think tank for doing applied research in the field of public finance.
  2. It is based in New Delhi.
  3. Presently, Rathin Roy is the chairman of the institute.
Codes:
  1.    2 and 3 only
  2.    1 and 3 only
  3.    1 and 2 only
  4.    All of these
Explanation:-
Answer: Option C. -> 1 and 2 only
Answer: (c)Vijay Kelkar has been appointed asthe chairman of the institute.
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