ASSOCHAM - Current Affairs Questions and Answers

1)   India's food processing sector has the potential to attract $33 billion investment by 2024, according to a study by which trade body?

b. Nasscom
d. IMC
Answer  Explanation 


India's food processing sector has the potential to attract $33 billion investment by 2024, according to a study released here on 20thNov 2017 by ASSOCHAM.

The country's food and retail market is expected to touch $482 billion by 2020, up from $258 billion in 2015, with recent reforms making the sector more competitive and marke-oriented, it said.


  • The Associated Chambers of Commerce and Industry of India (ASSOCHAM) is one of the apex trade associations of India.
  • The organisation represents the interests of trade and commerce in India, and acts as an interface between industry, government and other relevant stakeholders on policy issues and initiatives.
  • The goal of this organisation is to promote both domestic and international trade, and reduce trade barriers while fostering conducive environment for the growth of trade and industry of India.

2)   Who has been appointed ASSOCHAM's new president?

a. Balkrishna Goenka
b. Kiran Kumar Grandhi
c. Sandeep Jajodia
d. None of the above
Answer  Explanation 

ANSWER: Sandeep Jajodia

Monnet Ispat & Energy Ltd. CMD Sandeep Jajodia has been appointed the new President of industry chamber ASSOCHAM.

Balkrishan Goenka, Chairman, Welspun Group and Kiran Kumar Grandhi, vice-chairman of GMR Infrastructure Ltd, have taken over as senior vice-president and vice-president respectively.

Jajodia took over from Sunil Kanoria, vice-chairman, Srei Infrastructure Finance Limited.

ASSOCHAM initiated its endeavour of value creation for Indian industry in 1920.

It has more than 400 Chambers and Trade Associations, serving more than 4,50,000 members from all over India.

ASSOCHAM is set to influence dynamics of growth and development in the technology driven cyber age of ‘Knowledge Based Economy’.

ASSOCHAM derives its strength from its Promoter Chambers and other Industry/ Regional Chambers/Associations spread all over the country.

3)   ASSOCHAM has offered to set up which body containing information about electronic transactions used by the government for official purposes?

a. National Data Bank
b. National Database Bank
c. National Digit Bank
d. None of the above
Answer  Explanation 

ANSWER: National Data Bank

Industry body ASSOCHAM has offered to set up a National Data Bank containing information about electronic transactions, used by the government for official purposes like issuance of passports as well as protecting country’s strategic interests.

  • Proposal involves creation of a Central Coordination Committee under the guidance of National Security Council Secretariat
  • A clear legal framework is required to legitimise the need for creating a National Data Bank of e-information of classified and heritage documents for national archives which can be integrated with national information policy demarcating information into three board categories.
  • Data which is non sensitive in nature could be used for scientific economic and development purposes
  • It can be used for taking accurate and immediate decisions in large demographies for trend forecasting and recourse in case of civic decisions or exigency by numerous Ministries or Departments of Government of India.
  • Industry has noted the current regime of the Big Data Management does not facilitate efficient open sharing and interoperability of government owned data with different inter and intra government agencies
  • Need for creating cyber National Data Bank of e-information of classified heritage documents for National Archive with the aim to promote open data sharing and access to GoI owned data for national planning and R&D.

4)   e-Commerce industry is estimated to be worth USD 38 billion by 2016 according to which industry body?

d. None of the above
Answer  Explanation 


This is a 67% jump over USD 23 billion revenue for 2015 as per industry body ASSOCHAM. Indian e-commerce market was worth USD 3.8 billion in 2009 and went up to USD 17 billion in 2014 nd USD 23 billion in 2015. It is expected to touch USD38 billion mark by 2016. Enhanced internet and mobile penetration as well as increased acceptability of online payments and desired demographics will provide the e-commerce sector a chance to connect with customers. ASSOCHAM predicts a 5 to 7 fold increase in revenue generated via e-commerce.

5)   Who was appointed as President of ASSOCHAM on 25th November 2015?

a. Rana Kapoor
b. Adi Godrej
c. Raj Kanoria
d. Sunil Kanoria
Answer  Explanation 

ANSWER: Sunil Kanoria

Sunil Kanoria on 25th November 2015 has been appointed as President of the Associated Chamber of Commerce and Industry of India, succeeding YES Bank MD and CEO Rana Kapoor. Kanoria has an amazing record as a finance expert and brought INR 34000 crore rupees of consolidated assets under SREI, one of the first NBFCs to be listed on LSE.