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    Weekly Bits 02-06-14
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    1) Who among the following became the youngest girl to set foot on the World’s Highest peak.? Ans : (1) 1. Malavath Poorna 2. Annapoorna 3. Madhavi poorna 4. Alavath Poorna 5. Galavath Poorna

    Explanation: Malavath Poorna, 13-year-11 months old from Andhra Pradesh, became the youngest girl to set foot on the world’s highest peak, Mount Everest. Poorna and Anand were selected out of a group of 110 students from 300 welfare schools to be sent to the Himalayan Mountaineering Institute by the state government under a social welfare department scheme called ‘Op-everest’.
    Mount Everest
    Mount Everest, also known in Nepal as Sagarmatha and in Tibet as Chomolungma) is the Earth's highest mountain. It is located in the Mahalangur section of the Himalayas. Its peak is 8,848 metres (29,029 ft) above sea level and is the 5th furthest point from the center of the Earth. The international border between China and Nepal runs across the precise summit point. Its massif includes neighboring peaks Lhotse, 8,516 m (27,940 ft); Nuptse, 7,855 m (25,771 ft) and Changtse, 7,580 m (24,870 ft).
     Most number of times to reach Mr everst is – Apa Sherpa (Nepal), she climbed for 21 times
     Fastest ascent from Everest Base camp Prem Dorjee (Nepal), he climbed in 8 hours and 10 minutes
     Oldest person to climb Mount Everest – Yuichiro Miura Japan, (80 years and 224 days0
    2) T

    2) The Oil and Natural Gas Corporation (ONGC) has discovered how many million tonnes of oil in the offshore Krishna-Godavari block called KG-DWN-98/2 off the coast of Andhra Pradesh ?Ans: (2)
    1. 200 2. 100 3. 300 4. 400 5. 500

    Explanation: Oil and Natural Gas Corporation Limited (ONGC) is an Indian multinational oil and gas company headquartered in Dehradun, India. It is a Public Sector Undertaking (PSU) of the Government of India, under the administrative control of the Ministry of Petroleum and Natural Gas. It is India's largest oil and gas exploration and production company. It produces around 69% of India's crude oil(equivalent to around 30% of the country's total demand) and around 62% of its natural gas. It was founded on August 14th, 1956
    Krishna-Godavari Basin is a peri-cratonic passive margin basin in India. It is spread across more than 50,000 square kilometres in the Krishna River and Godavari River basins in Andhra Pradesh
    The first gas discovery in the basin was in 1983, in Rajole Well No.1, when ONGC had a small office in Rajahmundry and Narsapur. Since that discovery Reliance and others have joined the exploration effort.

    3) Which one among the following has replaced Mauritius as the top source of foreign direct investment o India, accounting for about 25 per cent of foreign direct investment (FDI) inflows in 2013-14? Ans:(1)
    1. Singapore 2. France 3. Italy 4. Malaysia 5. Cambodia

    Explanation: During the previous financial year, India attracted $5.98 billion in FDI from Singapore, whereas it was $4.85 billion from Mauritius, according to the data of the department of industrial policy and promotion.
    According to experts, the Double Taxation Avoidance Agreement with Singapore incorporates a Limit-of-Benefit (LoB) clause which has provided comfort to foreign investors based there.
    FDI inflows from Mauritius have started drying up on fears of the impact of General Anti Avoidance Rules (GAAR) and possible re-negotiation of the tax avoidance treaty. The inflows from Mauritius in the last fiscal are lowest since 2006-07. On the other hand, FDI inflow of $5.98 billion in 2013-14 is the highest ever received from Singapore since 2006-07. The controversial General Anti Avoidance Rules provision, which seeks to check tax avoidance by investors routing their funds through tax havens, will come into effect from April 1, 2016 in India. The GAAR provision will apply to entities availing tax benefit of at least Rs 3 crore.
    It will apply to Foreign Institutional Investors that have claimed benefits under any DTAA. The India-Mauritius DTAA is being revised amid concerns that Mauritius is being used for round-tripping of funds into India even though that country has always maintained that there have been no concrete evidence of any such misuse. Foreign investments are crucial for India, which needs about $1 trillion by March 2017 to overhaul infrastructure such as ports, airports and highways and boost growth. Overall FDI into India grew by 8 per cent year-on-year to $24.3 billion in 2013-14.
    Double Taxation Avoidance Agreement (DTAA) also referred as Tax Treaty is a bilateral economic agreement between two nations that aims to avoid or eliminate double taxation of the same income in two countries
    In Indian law, GAAR is an acronym for General Anti-Avoidance Rules which are framed to minimize tax avoidance, for example by siphoning off profits to tax havens. GAAR could be termed as a general set of rules enacted limit tax avoidance. It was proposed by the Union Budget 2012-13. The finance bill 2012 introduced chapter X-A to the income Tax Act-1961. Tax avoidance rule GAAR to be effective from April 2016.
    People adopt various methods so that they can reduce their total tax liability. The methods adopted to reduce their tax liability can be broadly put into four categories : "Tax Evasion"; "Tax avoidance", "Tax Mitigation" and "Tax Planning". GAAR provides to curb the second method- Tax avoidance.
    GAAR is a concept which generally empowers the Revenue Authorities in a country to deny the tax benefits of transactions or arrangements which do not have any commercial substance or consideration other than achieving the tax benefit. GAAR is intended to target tax evaders, especially Indian companies and investors trying to route investments through Mauritius or other tax havens in order to avoid taxes. GAAR provides discretionary powers to revenue authorities to tax impermissible avoidance arrangements. The arrangements as a whole or aim part may be disregarded and tax benefit denied

    4) Narendra Modi has been sworn in as India's new prime minister on 26th May in the forecourt of the presidential palace in Delhi. He is the ……………….. Prime Minister of India? Ans: (3)
    1. 12th 2. 13th 3. 15th 4. 14th 5. 20th

    Explanation: MODI’S CABINET
    Sushma Swaraj — Ministry of external affairs
    Ananth Kumar — Parliamentary affairs and additional charge of chemicals and fertilizers
    Nitin Gadkari — Surface transport ministry and shipping ministry
    Sadanand Gowda — Railways ministry
    Venkaiah Naidu — Urban development ministry and parliamentary affairs
    Ravi Shankar Prasad — Telecom ministry, law and justice ministry
    Maneka Gandhi — Women and child development ministry
    Najma Heptulla — Ministry of minorities
    Smriti Irani - Human resource development ministry
    Radha Mohan Singh — Agriculture ministry
    Nirmala Sitharaman — Ministry of state for commerce
    Piyush Goel - Minister of state power (independent)
    Prakash Javadekar — Minister of state information & broadcasting
    Ram Vilas Paswan — Food and civil supplies ministry
    Rajnath Singh — Minister for home affairs
    Arun Jaitley — Finance ministry and additional charge of the defence ministry
    Uma Bharati — Union minister for water resources and Ganga
    Jual Oram — Cabinet minister for tribal affairs.
    The Cabinet of India, also known as the Union Cabinet, is the collective decision-making body of the Government of India, consists of the Prime Minister and the cabinet ministers. The Cabinet is the ultimate decision-making body of the executive within the Westminster system of government in traditional constitutional theory. The Cabinet Secretary provide assistance to the council of ministers and acts as an advisor
    ARTICLE 74:
    Article 74 of the Constitution of the Republic of India provides for a Council of Ministers which shall aid the President in the exercise of his functions
    Before the 42nd amendment, Article 74(1) stated that, "there shall be a Council of Ministers with the Prime Minister at the head to aid and advise the President in the exercise of his functions". However, there was a slight ambiguity whether the advice of the Council of Ministers is binding on the PresidentForty-second Amendment of the 42nd Constitutional Amendment (1976) made it explicit that the President shall, "act in accordance with such advice". The amendment went into effect from 3 January 1977. The 44th Amendment (1978) however added that the President can send the advice back for reconsideration once. But if the Council of Ministers sends the same advice again to the President then the President must accept it. The amendment went into effect from 20 June 1979
    The 91st Amendment to the Constitution, limits the size of the Council of Ministers at the Centre and the States to no more than 15 per cent of the numbers in the Lok Sabha or the State Legislature
    There are 543 MPs in the Lok Sabha, which means there can be 81 ministers. With 787 MPs in all, almost one in nine MPs has a chance to become a minister. The States have in all 4,020 MLAs. This means some 600 ministerial berths for 4,487 MLAs and MLCs. Uttar Pradesh has the largest Legislative Assembly with 403 MLAs while Sikkim at the other end of the spectrum has to do with just 32 MLAs or five ministers.

    5) How many leaders from SAARC nations attended the swearing of Narendra Modi as the Prime minister of India? Ans:(1)
    1. 8 2. 9 3. 10 4. 11 5. 12

    Explanation: Apart from Prime Minister Nawaz Sharif of Pakistan and other SAARC leaders and representatives, Prime Minister Navin Ramgoolam of Mauritius was present. Afghan President Hamid Karzai, Sri Lankan President Mahinda Rajapaksa attended
    The South Asian Association for Regional Cooperation (SAARC) is an economic and geopolitical cooperation among eight member nations that are primarily located in South Asia continent. Its secretariat is headquartered inKathmandu, Nepal.
    The idea of regional political and economical cooperation in South Asia was first coined in 1980 and the first summit held in Dhaka on 8 December in 1985 led to its official establishment by the governments of Bangladesh, Bhutan,India, Maldives, Nepal, Pakistan, and Sri Lanka. In the intervening years, its successors have grown in size by the accession of new member states. Afghanistan was the first to have been accessed in the physical enlargement of the SAARC in 2007.
    The SAARC policies aim to promote welfare economics, collective self-reliance among the countries of South Asia, and to accelerate socio-cultural development in the region. The SAARC has developed a role in external relations around the world. Permanent diplomatic relations have been established with the EU, the UN (as an observer), and other multilateral entities. On annual scheduled basis, the official meetings of leaders of each nation are held; meetings of foreign secretaries, twice annually. The 18th SAARC Summit would be held at Kathmandu, Nepal in November 2014.

    6) India's current account deficit fell sharply to how much percent of GDP in March quarter from 3.6 percent a year ago, according to government data? Ans:(2)
    1. 0.1% 2. 0.2% 3. 0.3% 4. 0.4% 5. 0.7%

    Explanation: As per data released on 26th May by the Reserve Bank for the fourth quarter ended March 31, CAD plunged to USD 1.2 billion compared to USD 18.1 billion during the same quarter last year.
    For the financial year 2014, the current account deficit narrowed to 1.7 percent of GDP, or USD 32.4 bn, from 4.7 percent, or USD 87.8 bn, in FY13, the data showed. In the third quarter ended December 31, the current account deficit fell by 0.9 percent of GDP or USD 4.2 billion on rising import and moderation in gold import. The Reserve Bank of India (RBI) in July last year had imposed severe restrictions on gold imports in order to check burgeoning current account deficit and sliding rupee. The CAD, which had touched a record high of USD 88.2 billion or 4.8 percent of GDP in 2012-13 was estimated to have come down to below USD 32 billion or 1.7 percent of GDP in 2013-14. However, an RBI data showed that the CAD was still hovering at USD 32.2 billion, a little above the estimated target.
    What is Current Account Deficit?
    A measurement of a country’s trade in which the value of goods and services it imports exceeds the value of goods and services it exports. The current account also includes net income, such as interest and dividends, as well as transfers, such as foreign aid, though these components tend to make up a smaller percentage of the current account than exports and imports. The current account is a calculation of a country’s foreign transactions, and along with the capital account is a component of a country’s balance of payment.

    7) President Dalia Grybauskaite has declared victory in her bid for re-election in the Baltic country. She is now the president of …………….Ans:(1)
    1. Lithunia 2. Nigeria 3. Sudan 4. Cambodia 5. Cuba

    Explanation: With more than 70 percent of votes counted, Grybauskaite was leading with 57.7 percent of votes, while Social Democrat Zigmantas Balcytis had 42.2 percent. Dalia GrybauskaitÄ— was Vice-Minister of Foreign Affairs and Minister of Finance, also European Commissioner for Financial Programming and the Budget from 2004 to 2009. She is often referred to as the "Iron Lady" or the "Steel Magnolia".
    Lithuania is the largest and most southerly of the three Baltic republics. Not much more than a decade after it regained its independence during the collapse of the Soviet Union in 1990, Lithuania was welcomed as a Nato member in late March 2004.
    Capital: Vilnius
    Currency: Lithunian Litas

    8) The Government set up a Special Investigation Team (SIT) to unearth black money. The SIT will be headed by retired Supreme Court Judge……………….? Ans:(1)
    1. MB Shah 2. VB Malhotra 3. VK Murthy 4. S Sharrif 5. Mk Mudgal

    Explanation: The Cabinet approved the setting up of an SIT to implement the Supreme Court’s decision on unearthing the money stashed abroad, evading taxes or raised through unlawful activities.
    The SIT will be headed by retired Supreme Court Judge MB Shah. A former Supreme Court judge Arijit Pasayat will be co-chairman. It will have as members the Revenue Secretary, an RBI Deputy Governor, the Chairman of the Central Board of Direct Taxes), and the Directors of the Intelligence Bureau, the Enforcement Directorate, the CBI, the Revenue Intelligence, the Financial Intelligence Unit and the Research & Analysis Wing.
    It will be responsible for investigation, initiation of proceedings, and prosecution in the Hasan Ali case and other matters involving unaccounted money. The team will have jurisdiction in cases where investigations have begun or are pending or waiting to be initiated or have been completed.
    The SIT will prepare a comprehensive action plan including creation of the institutional structure that will enable the country to fight the battle against unaccounted money. It will submit a status report to the court periodically. On May 23, the apex court had granted one week to the Centre to set up an SIT under Shah to monitor all black money cases, under its direction.
    What is black money?
    In India, Black money refers to funds earned on the black market, on which income and other taxes has not been paid. The total amount of black money deposited in foreign banks by Indians is unknown. Some reports claim a total exceeding US$14 trillion are stashed in Switzerland. Other reports, including those reported by Swiss Bankers Association and the Government of Switzerland, claim that these reports are false and fabricated, and the total amount held in all Swiss banks by citizens of India is about US$2 billion.

    9) What is the full form of ILO? Ans:(2)
    1. Indian Leverage Oil 2. Indian Labour Organisation 3. Indian Lowclass Organisation 4. Indian Land Organisation 5. Indian Local State & Cities Organisation

    Explanation: A new report by International Labour Organisation (ILO) has lauded the role played by the MGNREGA scheme in improving the lot of the rural poor. In its latest “World Of Work Report”, the ILO, while pointing out that three out for four workers in South Asia, including India, were in vulnerable jobs, with women bearing the maximum brunt, said due to MGNREGA urban migrant workers who lost export-oriented jobs after the global financial crisis, were able to rely on stable wage income among their families back home.
    In a country like India, where there is no social protection for workers, “the continued functioning of the MGNREGA ensured the survival of the rural population by providing an additional source of income for those who had previously relied on remittances from urban migrant workers,” it said.
    The report said schemes such as MGNREGA, Brazil’s Bolsa Familia and Child Support Grant in South Africa contribute to promoting human development. The report, which studied 140 developing countries, also noted the rise in the number of migrants, pointing out that lack of quality jobs was a key determinant of migration, especially among educated youth in developing countries.
    The total number of migrants has risen by 57 million since 2000 and 19 per cent of this increase occurred within the past three years, it said.
    The National Rural Employment Guarantee Act 2005, also known as the "Mahatma Gandhi National Rural Employment Guarantee Act", and abbreviated to MGNREGA, is an Indian labour law and social security measure that aims to guarantee the 'right to work' and ensure livelihood security in rural areas by providing at least 100 days of guaranteed wage employment in a financial year to every household whose adult members volunteer to do unskilled manual work.
    Targeting poverty through employment generation using rural works has had a long history in India that began in the 1960s. After the first three decades of experimentation, the government launched major schemes like Jawahar Rozgar Yojana, Employment Assurance Scheme, Food for Work Programme, Jawahar Gram Samridhi Yojana and Sampoorna Grameen Rozgar Yojana that were forerunners to Mahatma Gandhi NREGA. The theme of government approach had been to merge old schemes to introduce new ones while retaining the basic objective of providing additional wage employment involving unskilled manual work and also to create durable assets. The major responsibility of implementation was also gradually transferred to the Panchayati Raj Institutions. Unlike its precursors, the Mahatma Gandhi NREGA guaranteed employment as a legal right. However, the problem areas are still the same as they were in the 1960s. The most significant ones are: lack of public awareness, mismanagement and above all mass corruption.
    Bolsa Família is a social welfare program of the Brazilian government, part of the Fome Zero network of federal assistance programs. Bolsa Família provides financial aid to poor Brazilian families; if they have children, families must ensure that the children attend school and are vaccinated. The program attempts to both reduce short-term poverty by direct cash transfers and fight long-term poverty by increasing human capital among the poor through conditional cash transfers. It also works to give free education to children who cannot afford to go to school to show the importance of education.
    The International Labour Organization (ILO) is a United Nations agency dealing with labour issues, particularly international labour standards and decent work for all. 185 of the 193 UN member states are members of the ILO. In 1969, the organization received the Nobel Peace Prize for improving peace among classes, pursuing justice for workers, and providing technical assistance to other developing nations It was established in 1919, and head quarters is at Geneva, Switzerland

    10) Who among the following Former Comptroller and Auditor General has said that he would constitute a special committee to take up audit of the Sree Padmanabhaswamy Temple? Ans:(1)
    1. AG Vinod Rai 2. AG Vinod Bhave 3. M Rama Bhave 4. K G ramachandran 5. T G Rangarajan


    11) On 26th May which Airways reported its biggest ever quarterly loss of Rs. 2,154 crore against Rs. 496 crore a year ago?Ans:(2)
    1. 1. Air india 2. Jet Airways 3. Air Seychelles 4. King Fisher airlines 5. Indigo airlines

    Explanation: Jet Airways, India’s second-largest domestic carrier by market share, on 26th May reported its biggest-ever quarterly loss of Rs. 2,154 crore against Rs. 496 crore a year ago. The Naresh Goyal-led airline, which has been without a full-time chief executive since January, also named Australian Cramer Ball as its new CEO, pending regulatory approvals. Ball previously worked as the CEO of Air Seychelles.
    Jet, partly owned by Abu Dhabi-based Etihad, has not reported an annual profit since 2007. Its net loss during 2013-14 stood at Rs. 4,130 crore, a nearly six-fold jump from the Rs. 780-crore net loss reported in 2012-13.

    12) Providing importers with greater flexibility in hedging , Reserve Bank on which day allowed them book forward foreign exchange contracts up to 50 per cent of the eligible limit? Ans:(1)
    1. 27th May 2. 28th May 3. 29th may 4. 30th May 5. 31st may

    Explanation: Providing importers with greater flexibility in hedging, Reserve Bank on 27th May allowed them book forward foreign exchange contracts up to 50 per cent of the eligible limit. This, the RBI said, has been done after a review of the evolving market conditions and with a view to providing importers with greater flexibility in hedging facility. It further said importers who have already booked contracts up to previous limit of 25 per cent in the current financial year, will be eligible for difference arising out of the enhanced limits. Under the extant guidelines relating to hedging of currency risk of probable exposures based on past performance, importers are allowed to book contracts up to 25 per cent of the eligible limit. The eligible limit is computed as the average of the previous three financial years, import turnover or the previous year's actual import turnover, whichever is higher.

    13) Jacob Zuma was sworn in as South African president for which term? Ans:(2)
    1. 1st 2. 2nd 3. 3rd 4. 4th 5. 5th

    Explanation: Zuma is the President of the African National Congress (ANC), the governing political party, and was Deputy President of South Africa from 1999 to 2005. South Africa, officially the Republic of South Africa, is a country located at the southern tip of Africa. It has 2,798 kilometres (1,739 mi) of coastline that stretches along the South Atlantic and Indian oceans. To the north lie the neighbouring countries of Namibia, Botswana and Zimbabwe; to the east are Mozambique and Swaziland; and within it lies Lesotho, anenclave surrounded by South African territory. South Africa is the 25th-largest country in the world by land area, and with close to 53 million people, is the world's 24th-most populous nation.

    14) Japan successfully launched a new mapping satellite on which day that will be used to survey damage from natural disasters and changes affecting rainforests? Ans:(4)
    1. 21st May 2. 22nd may 3. 23rd May 4. 24th May 5. 25th May

    Explanation: The Advanced Land Observing Satellite-2 (ALOS-2) will be able to see scars left by catastrophes such as Japan's 2011 tsunami as well as monitor progress made in reconstruction, officials from the Japan Aerospace Exploration Agency said. The satellite will provide valuable data for Japan, which sits on the Pacific Ring of Fire and experiences 20 percent of all major earthquakes. The new satellite, nicknamed "Daichi-2", will "conduct a health check mainly of the Earth's land areas in detail. The satellite will collect data related to deformation of the Earth's crust, but also the impact of floods and landslides. The satellite's predecessor was used to monitor damage caused by the 2011 earthquake and tsunami.
    What is Mapping?
    Mapping is creating graphic representations of information using spatial relationships within the graphic to represent some relationships within the data. The common and original practice of mapping is the scaled portrayal of geographical features, that is, cartography. In the contemporary sense of data visualization, it includes metaphorical extensions of geographical map conventions and literacies to other kinds of data, as well as innovative ways of visualizing data not clearly related to the geographical archetype. In popular vernacular, mapping can just mean organizing or systematizing information.

    15) The Central Marine Fisheries Research Institute (CMFRI), Visakhapatnam Regional Centre, claims to have successfully bred in its lab the high value marine tropical finfish,What is its Name? Ans:()
    Indian Pompano((Trachinotus mookalee) 2. Indian FinfIsh (Crachintous Mookalee) 3. Indian Mampano (Drachintus Mookalee) 4. Indian Grampano (Hrachintus Mookalee) 5. None of the above

    Explanation: I:- For perhaps the first time in the world, the Central Marine Fisheries Research Institute (CMFRI), Visakhapatnam Regional Centre, claims to have successfully bred in its lab the high value marine tropical finfish, Indian Pompano (Trachinotus mookalee). With this, the fish, which is considered quite a delicacy, can now be scaled up for commercial production.
    The Indian Pompano, which belongs to the fast-growing Carangid family, has a great demand in the state, especially due to its good meat quality and nutritious value. Incidentally, this fish is rarely caught in fishermen's nets because its sea population is quite low. The fish, which is priced at Rs 250-Rs 300 per kg, was successfully bred in sea cages in hatcheries by CMFRI.

    16) Who among the following has been appointed as the new Attorney General of India? Ans:(2)
    1. Mukund Mudgal 2. Mukul Rohatgi 3. Rohat Mudgal 4. Rohan Rohatgi 5. Murali Mudgal

    Explanation: Senior Supreme Court advocate Mukul Rohatgi has been appointed the new Attorney General of India, the top law officer of the country. Mr Rohatgi had served as Additional Solicitor General; his appointment came a day after the country's two top law officers Attorney General Goolam Essaji Vahanvati and Solicitor General Mohan Parasaran resigned, following the change in the government at the Centre. The law officers - the Attorney General, the Solicitor General and Additional Solicitors Generals - represent the government in various courts and tender legal advice on complex issues.
    The Attorney General for India is the Indian government's chief legal advisor, and its primary lawyer in the Supreme Court of India. He is appointed by the President of India under Article 76(1) of the Constitution and holds office during the pleasure of the President. He must be a person qualified to be appointed as a Judge of the Supreme Court. The Attorney General, like an Advocate General of a State is not supposed to be a political appointee, in spirit, but this is not the case in practice. Every time a party comes to power in the general elections, all the law officers resign and law officers loyal to the new party are appointed.
    The Attorney General is necessary for giving advice to the Government of India in legal matters referred to him. He also performs other legal duties assigned to him by the President. The Attorney General has the right of audience in all Courts in India as well as the right to participate in the proceedings of the Parliament, though not to vote. The Attorney General appears on behalf of Government of India in all cases (including suits, appeals and other proceedings) in the Supreme Court in which Government of India is concerned. He also represents the Government of India in any reference made by the President to the Supreme Court under Article 143 of the Constitution.
    Unlike the Attorney General of the United States, the Attorney General of India does not have any executive authority, and is not a political appointee, those functions are performed by the Law Minister of India. The Attorney General can accept briefs but cannot appear against the Government. He cannot defend an accused in the criminal proceedings and accept the directorship of a company without the permission of the Government.
    The Attorney General is assisted by a Solicitor General and four Additional Solicitors General. The Attorney General is to be consulted only in legal matters of real importance and only after the Ministry of Law has been consulted. All references to the Attorney General are made by the Law Ministry.

    17) BG Srinivas has resigned from the company marking the eleventh top-level exit in the company . He was the president of which company? Ans:(3)
    1. Infotech 2. Wipro 3. Infosys 4. TCS 5. Mahindra & Mahindra

    Explanation: Infosys president and board member BG Srinivas has resigned from the company marking the eleventh top-level exit in the company.

    18) Who among the following has been appointed as the principal secretary to the prime minister on 28th May 2014? Ans:(1)
    1. Nripendra Misra 2. Narendra Mishra 3. Naresh Joshi 4. Nirupam Misra 5. Abhinav Mishra

    Explanation: Former Telecom Regulatory Authority of India (Trai) Chairman Nripendra Misra was on 28th May appointed principal secretary to the prime minister, but only after the President of India signed an ordinance changing the appointment rulebook. Misra's appointment would have been in violation of a provision in the Trai Act that makes a chairman of the regulator 'ineligible' for further employment under the central or a state government, so the government moved an ordinance to circumvent the law. Misra, whose appointment order was delayed till the President signed the ordinance, himself refused to comment on the issue.
    Section 5(8) of the Trai Act says
     The chairperson or any wholetime member ceasing to hold office as such, shall
     (a) be ineligible for further employment under the Central government or any state government; or
     (b) not accept any commercial employment, for a period of one year from the date he ceases to hold such office Section 5(8) of the Trai Act (after amendment through the ordinance) says
     The chairperson and the wholetime members shall not, for two years from the date on which they cease to hold office as such, except with the previous approval of the Central govt, accept
     (a) any employment under the central govt or state govt; or
     (b) appointment in any company in the business of telecommunication service.

    19) Who among the following Minister of state in the Prime Minister's Office, on 27th May, triggered a controversy after he pitched for a debate on BJP's stand demanding the repeal of Article 370 which guarantees special status for J&K? Ans:(2)
    1. Jaswanth Singh 2. Jitendra Singh 3. Jairam Mishra 4. Jaispal Singh 5. Jagath Singh

    Explanation: What is Article 370?
    Article 370 of the Indian Constitution is a 'temporary provision' which grants special autonomous status to Jammu & Kashmir. Under Part XXI of the Constitution of India. All the provisions of the Constitution which are applicable to other states are not applicable to J&K.
    The provision was drafted in 1947 by Sheikh Abdullah, who had by then been appointed prime minister of Jammu & Kashmir by Maharaja Hari Singh and Jawahar Lal Nehru. Sheikh Abdullah had argued that Article 370 should not be placed under temporary provisions of the Constitution. He wanted 'iron clad autonomy' for the state, which Centre didn't comply with.
    According to this article, except for defence, foreign affairs, finance and communications, Parliament needs the state government's concurrence for applying all other laws. Thus the state's residents live under a separate set of laws, including those related to citizenship, ownership of property, and fundamental rights, as compared to other Indians. As a result of this provision, Indian citizens from other states cannot purchase land or property in Jammu & Kashmir. Under Article 370, the Centre has no power to declare financial emergency under Article 360 in the state. It can declare emergency in the state only in case of war or external aggression. The Union government can therefore not declare emergency on grounds of internal disturbance or imminent danger unless it is made at the request or with the concurrence of the state government.

    20) The Indian Air Force on which day test-fired three surface-to-air Akash missiles? Ans:(2)
    1. 27th May 2. 28th May 3. 29th May 4. 30th May 5. 31st may

    Explanation: The Indian Air Force on 28th May test-fired three surface-to-air Akash missiles — two of them in ripple mode — from the Integrated Test Range at Chandipur, Balasore district, Odisha. All the three missiles tore apart their targets — a contraption called tow-body flown by the pilotless target aircraft (PTA) Lakshya. The Defence Research and Development Organisation (DRDO) has developed both Akash and Lakshya.
    G. Chandramouli, Project Director, Akash, said the first missile was launched in a low-altitude, far boundary mode, that is, the missile flew at a height of 700 metres and attacked the tow-body of Lakshya, which was flying 20 km away from the Test Range.
    The IAF launched the next two missiles in ripple mode, that is, the second missile lifted off from its launcher five seconds after the first one did so. “The first missile destroyed the target. The second homed in on the destroyed parts, falling down,” said Mr. Chandramouli.
    The missile can engage targets such as fighter aircraft, unmanned aerial vehicles, helicopters and cruise missiles, flying 25 km away.
    Akash is a medium-range mobile surface-to-air missile defense system developed by the Defence Research and Development Organisation (DRDO), Ordnance Factories Board and Bharat Electronics (BEL) in India. The missile system can target aircraft up to 30 km away, at altitudes up to 18,000 m. A nuclear warhead could potentially give the missile the capability to destroy both aircraft and warheads from ballistic missiles. It is in operational service with the Indian Army and the Indian Air Force.

    21) Raunak and Rakshitta won in National Under-9 Ches championships that concluded on ……..? Ans:(1)
    1. 28th May 2. 29th May 3. 30th May 4. 31st may 5. 1st June

    Explanation: Raunak Sadhwani of Nagpur and Chennai’s Rakshitta Ravi became champions in the National under-9 chess championships that concluded on 28th May.

    22) Telangana state is now ……………… state of India ? Ans:(3)
    1. 26th 2. 27th 3. 29th 4. 30th 5. 22nd

    Explanation: AP Governor ESL Narasimhan has been given the additional charge of Telangana. Andhra Pradesh will be bifurcated and a separate state of Telangana come into existence on June 02, 2014. It will be 29th state of India

    23) President Pranab Mukherjee on 28th May promulgated the controversial Ordinance that will bring how many villages of seven mandals in Khammam district in Telangana under the residuary state of Andhra Pradesh?Ans:(1)
    1. 205 2. 206 3. 208 4. 209 5. 279

    Explanation: These 205 villages will be submerged in the Polavaram Dam under construction across the River Godavari when it attains full reservoir level of +150 feet MSL.
    The President had initially not sanctioned the Ordinance that had been approved by the outgoing Manmohan Singh government a few days ago. The draft Ordinance, which was returned by the President, was approved in the very first Cabinet meeting convened by new Prime Minister Narendra Modi on 28th May and sent to the President for his approval.
    With the Ordinance, the entire course of the Godavari and its tributaries, Sabari and Sileru, which flow through Khammam in Telangana region, will come under Seemandhra region, thereby ensuring uninterrupted flow of waters to the Polavaram Dam.
    123. Power of President to promulgate Ordinances during recess of Parliament (1) If at any time, except when both Houses of Parliament are in session, the President is satisfied that circumstances exist which render it necessary for him to take immediate action, he may promulgate such Ordinance as the circumstances appear to him to require
    (2) An Ordinance promulgated under this article shall have the same force and effect as an Act of Parliament, but every such Ordinance
    (a) shall be laid before both House of Parliament and shall cease to operate at the expiration of six weeks from the reassemble of Parliament, or, if before the expiration of that period resolutions disapproving it are passed by both Houses, upon the passing of the second of those resolutions; and
    (b) may be withdrawn at any time by the President Explanation Where the Houses of Parliament are summoned to reassemble on different dates, the period of six weeks shall be reckoned from the later of those dates for the purposes of this clause
    (3) If and so far as an Ordinance under this article makes any provision which Parliament would not under this Constitution be competent to enact, it shall be void CHAPTER IV THE UNION JUDICIARY

    24) Prime Minister Narendra Modi quit which Lok Sabha seat, choosing to retain Varanasi in Uttar Pradesh? Ans:(1)
    1. Vadodara 2. Baroda 3. Ahmedabad 4. Gandhinagar 5. None

    Explanation: Under rules, a member who has been elected from two Lok Sabha constituencies, has to vacate one of the seats within 14 days of the declaration of result. Otherwise the candidate will lose, all the seats. The Prime Minister had won Vadodara with a near record margin of 5.7 lakh, which was the biggest in this Lok Sabha polls. BJP has won all the 26 seats in Gujarat. The Election Commission of India in 2010 proposed a change to this provision (contesting more than one constituency) to limit the number of seats to one per candidate.

    25) Who will be the will be the next Solicitor-General of India? Ans:(2)
    1. Rana Pratap singh 2. Ranjith Kumar 3. Randhir singh 4. Ram Kumar 5. Ranbir Singh

    Explanation: Senior advocate Ranjit Kumar will be the next Solicitor-General as Mohan Parasaran resigned following the change of government at the Centre.
    The Solicitor General of India is subordinate to the Attorney General for India, who is the Indian government's chief legal advisor, and its primary lawyer in the Supreme Court of India. The Solicitor General of India is appointed for the period of 3 years. The Solicitor General of India is the secondary law officer of the country, assists the Attorney General, and is himself assisted by several Additional Solicitors General of India. Like the Attorney General for India, the Solicitor General and the Additional Solicitors General advise the Government and appear on behalf of the Union of India in terms of the Law Officers (Terms and Conditions) Rules, 1972. However, unlike the post of Attorney General for India, which is a Constitutional post under Article 76 of the Constitution of India, the posts of the Solicitor General and the Additional Solicitors General are merely statutory.
    Duties of Solicitor General of India and other law officers are laid out in Law Officers (Conditions of Service) Rules, 1987:
     to give advice to the Government of India upon such legal matters, and to perform such other duties of a legal character, as may from time to time, be referred or assigned to him by the Government of India.
     to appear, whenever required, in the Supreme Court or in any High Court on behalf of the Government of India in cases (including suits, writ petitions, appeal and other proceedings) in which the Government of India is concerned as a party or is otherwise interested;
     to represent the Government of India in any reference made by the President to the Supreme Court under Article 143 of the Constitution; and
     to discharge such other functions as are conferred on a Law Officer by or under the Constitution or any other Law for the time being in force.