Current Affairs Questions and Answers - Mar 12, 2015

Current Affairs Questions and Answers - Mar 12, 2015


Q1. With which country has India inked five Memoranda of Understanding to give new impetus to bilateral co-operation on 11th Mar’15?

A. Seychelles
B. Mauritius
C. Maldives
D. Sri Lanka

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ANSWER: B. Mauritius.

The agreements signed included one on Ocean economy which will help utilize the rich marine resources of the Indian Ocean island nation. MoUs for improvement in Sea and Air Transportation Facilities at Agalega Island in Mauritius, boosting the cultural co-operation between the two countries for the next three years, co-operation in the field of Traditional System of Medicine and Homeopathy, and protocol for import of fresh mangoes from India were also signed between the two countries.



Q2. Retirement fund body, Employees' Provident Fund Organisation's trustees have decided to raise the age limit from 58 to ___ years for vesting of pension.

A. 60
B. 59
C. 61
D. 57

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ANSWER: A. 60.

At present, a formal sector worker covered under the EPS-95 can make contributions towards pension scheme till the age of 58 years and can claim pension thereafter. After the amendment to the pension scheme, a formal sector worker can choose to contribute towards it till 60 years of age. This will provide him a benefit of 4 per cent enhanced pension per year.



Q3. Which country has imposed sanctions on another group of individuals and entities in Ukraine and Russia accused of undermining Ukraine's sovereignty and misappropriating Ukrainian state assets?

A. United Nation
B. United States of America
C. United Kingdom
D. USSR

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ANSWER: B. United States of America.

The US Treasury Department released a list on 11th Mar’15 of 14 people, including eight Ukrainian separatists, and two entities, including Russian National Commercial Bank, a Russian bank operating in Crimea, the Black Sea-peninsula Moscow annexed from Ukraine last year.



Q4. In which city, the Reserve Bank of India organized a Note & Coin Exchange Mela on 11th Mar’14?

A. Mumbai
B. Delhi
C. Kolkata
D. Chennai

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ANSWER: C. Kolkata.

Coins and fresh Notes amounting to 1 crore 7 lakhs 50 thousand rupees were exchanged in the Mela in which around 2 thousand 5 hundred people have been benefited.



Q5. Name the organisation that will invest Rs 1.5 Lakh Crore in Indian Railways over next 5 years for development of various commercially viable projects?

A. NABARD
B. State Bank of India
C. Punjab MetLife
D. Life Insurance Corporation of India

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ANSWER: D. Life Insurance Corporation of India.

LIC has taken the task of supporting Indian Railways and it is a commercial decision. The investment would be done in bonds issued by various railway entities such as Indian Railways Finance Corporation, beginning next fiscal. A MoU was signed in this regard in the presence of Finance Minister Arun Jaitley and Railway Minister Suresh Prabhu.



Q6. The International Monetary Fund (IMF) has raised India's growth forecast for the current fiscal to _____.

A. 6%
B. 6.7%
C. 7.2%
D. 7.9%

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ANSWER: C. 7.2%.

Last year, IMF had forecast a growth rate of 5.6 percent for the current fiscal, and 6.4 per cent for the next fiscal. In its annual assessment report for the country, IMF said that India has emerged as one of the fastest-growing big emerging market economies and the growth rate would grow by 7.5 per cent.



Q7. In which scam case, was former Prime Minister Manmohan Singh summoned as an accused by the special court on 11th Mar’15?

A. Coal Scam
B. 2G Scam
C. Commonwealth Scam
D. Sharada Chit Fund Scam

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ANSWER: A. Coal Scam.

The court also summoned industrialist Kumar Mangalam Birla, former coal secretary PC Parakh, two officials of Hindalco for alleged offences of criminal conspiracy, cheating etc. Manmohan Singh was reportedly questioned by the CBI in January and the agency is said to have asked him about a coal field in Talabira block that was allotted in 2005 to Hindalco, whose chairman is KM Birla.



Q8. Name the surface to surface missile successfully tested by Pakistan during Mar’15?

A. Shaheen-IV
B. Shaheen-I
C. Shaheen-II
D. Shaheen-III

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ANSWER: D. Shaheen-III.

Pakistan has test-fired a ballistic missile that can deliver a nuclear warhead to any part of India, and even as far away as Israel. The Shaheen-III missile with a range of up to 2,700 kilometres is an updated version of the indigenously produced Shaheen-I and Shaheen-II.



Q9. Name the batsman who created a history becoming the first batsman to score four consecutive century in World Cup?

A. Shikhar Dhawan
B. A B DeVillers
C. Kumar Sangakkara
D. David Warner

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ANSWER: C. Kumar Sangakkara.

With a century in match against Scotland on 11th Mar’15, Sangakkara became the first batsman in history of ODI to score 4 consecutive centuries.



Q10. Name the diplomat nominated as US Ambassador to Pakistan on 11th Mar’15?

A. David Hale
B. Richard Olson
C. John Berry
D. None of these

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ANSWER: A. David Hale.

He has currently been the US ambassador to Lebanon since Aug. 1, 2013. He will succeed Richard Olson, who has been US ambassador in Islamabad since September 2012.



Q11. Name the former Supreme Court Judge who remarked against the Father of the Nation, Mahatma Gandhi and Netaji Subash Chandra Bose who led the Indian National Army for the freedom of the country?

A. Natwarlal Harilal Bhagwat
B. Markandey Katju
C. B.S. Chauhan
D. S.K. Das

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ANSWER: B. Markandey Katju.

He said “I submit that Gandhi was objectively a British agent who did great harm to India”.


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  • RE: Current Affairs Questions and Answers - Mar 12, 2015 -leena (03/12/15)
  • Thnx