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    Sumit Bose is the new...........Ministry of Union? Ans : (3)
    1. Defence 2. Home 3. Finance 4. Agriculture 5. Revenue

    Explanation: Sumit Bose, an IAS officer of Madhya Pradesh cadre (1976 batch) has been named as the new finance secretary of the country. Bose, is presently secretary, department of revenue, ministry of finance. His appointment was cleared by the appointments committee of cabinet (ACC) on 10th December

    According to Fortune's Indian edition, the company which has emerged as the country's biggest company in terms of annual revenue? Ans : (5)
    1. Reliance Industries 2. Tata Morors 3. Coal India 4. Tata Steel 5. Indian Oil corporation

    Explanation: State-run Indian Oil Corp has emerged as the country's biggest company in terms of annual revenue, followed by Mukesh Ambani-led private sector giant Reliance Industries at the second place, as per an annual list of Fortune 500 companies in India. Besides, there are a total of six state-run companies in the top-ten positions, as against four from the private sector. Other entities in the list are State Bank of India (5th rank), Tata Motors (6th), ONGC (7th), Tata Steel (8th), Essar Oil (9th) and Coal India (10th).

    The Head quarters of Indian Oil corporation is at? Ans : (4)
    1. Mumbai 2. Kolkata 3. Chennai 4. New Delhi 5. Ahmedabad

    Explanation: Indian Oil Corporation Limited, or IndianOil, is an Indian state-owned oil and gas corporation with its headquarters in New Delhi. Indian Oil began operations in 1959 as Indian Oil Company Ltd. The Indian Oil Corporation was formed in 1964, with the merger of Indian Refineries Ltd

    Which of the following two companies, agreed to share the infrastructure? Ans : (1)
    1. AirTel, Reliance Jio 2. BSNL, MTNL 3. Vodafone, Reliance Jio 4. AirTel, Wallmart 5. None

    Explanation: Bharti Airtel and Reliance Jio Infocomm on 10th December announced an infrastructure-sharing arrangement. They will share the infrastructure they have created, including optical fibre network ( inter- and intra-city), submarine cable networks, towers and Internet broadband services.

    The transfer of money by a foreign worker to his or her home country is known as? Ans : (2)
    1. Resending 2. Remittance 3. With hold 4. Paypal 5. Pay fix

    Explanation: A remittance is a transfer of money by a foreign worker to his or her home country or simply sending an amount of money from one country to another. According to a recent survey the quantum of money transferred by overseas Indians per transaction has increased, with a higher proportion being directed towards investment purposes, says a study by the Reserve Bank of India

    In the recently concluded elections, in which of the following state, Congress won? Ans : (5)
    1. Delhi 2. Rajasthan 3. Madhya Pradesh 4. Chhatisgarh 5. Mizoram

    Explanation: The elections were held on various dates during November-December, in four states i.e. Delhi, Madhya Pradesh, Rajasthan, Chhatisgarh, Mizoram. In Rajasthan, Madhya P radish, Chhatisgarh BJP won, while in Delhi no party got full majority, BJP emerged as single largest party, while in Mizoream congress remained power again

    Which of the only state where elections were held in two phases? Ans : (2)
    1. Rajasthan 2. Chhatisarh 3. Madhya Pradesh 4. Mizoram 5. Delhi

    Explanation: Except in Chhatisgarh, in all other states elections were conducted in one phase. In Chhatisgarh elections were conducted on November 11th and 19th. In Mizoram and Madhya Pradesh, elections were held on November 25th, in Rajasthan Elections were on 1st December, while in Delhi they were held on 4th December.

    Which of the following is the first state in India to start Lokyukta? Ans : (5)
    1. Gujarat 2. Kerala 3. Karnataka 4. Andhra Pradesh 5. Maharashtra

    Explanation: The Lokayukta is an anti-corruption ombudsman organization in the Indian states. Maharashtra was the first state to introduce the institution of Lokayukta through The Maharashtra Lokayukta and Upa-Lokayuktas Act in 1971. Recently this was in news because retired Gujarat high court judge DP Buch was on 2013, 11th December sworn in as the state's fourth Lokayukta, a post that lay vacant for a decade and over which chief minister Narendra Modi and governor Kamla Beniwal were on a collision course for three years.

    According to Asian Development Bank, the growth rate of Indian Economy in the current Fiscal? Ans : (3)
    1. 3.7% 2. 4% 3. 4.7% 4. 5% 5. 5.8%

    Explanation: Projecting economic recovery, ADB on 11th December said India is likely to record 4.7 per cent growth in current fiscal which will improve to 5.7 percent next year. "After bottoming out in the first fiscal quarter, India's economy appears to have recovered on the back of a rebound in exports and higher industrial and agricultural outputs," Asian Development Bank (ADB) said in its Outlook Supplement report

    With how many countries, India has trade deficit? Ans : (4)
    1. 78 2. 79 3. 80 4. 81 5. 82

    Explanation: India has trade deficit with as many as 81 countries including China, Qatar, Korea, Japan and Indonesia in 2012-13, Parliament was informed on 11th December. Trade deficit happens when a country's imports exceeds its exports. He informed that the government is taking steps to reduce the deficit and that include imposing restrictions on gold imports.

    Which of the following is the first nation to legalize the growing, sale and smoking of Marijuana? Ans : (1)
    1. Uruguay 2. Uganda 3. Kenya 4. Tajikistan 5. Khazikisthan

    Explanation: Uruguay became the first country to legalize the growing, sale and smoking of marijuana on 10th December, a pioneering social experiment that will be closely watched by other nations debating drug liberalization.

    Who among the following is the new Chairman of the NABARD? Ans : (2)
    1. Yogeshwar 2. Harsh Bhanwala 3. Viswak Rao 4. Akash Gopur 5. None

    Explanation: The Centre has appointed Harsh Kumar Bhanwala as Chairman of the National Bank for Agriculture and Rural Development (Nabard). Prior to this appointment, Bhanwala was an Executive Director at India Infrastructure Finance Company Ltd (IIFCL), a state-owned infrastructure lender. Bhanwala, who had earlier worked as an officer at Nabard, succeeds Prakash Bakshi, who retired as Nabard Chairman in September

    In which year, NABARD was established? Ans : (5)
    1. 1978 2. 1979 3. 1980 4. 1981 5. 1982

    Explanation: National Bank for Agriculture and Rural Development (NABARD) is an apex development bank in India having headquarters based in Mumbai . The Committee to Review Arrangements for Institutional Credit for Agriculture and Rural Development (CRAFICARD), set up by the Reserve Bank of India (RBI) under the Chairmanship of B. Sivaraman, conceived and recommended the establishment of the NABARD. It was established on 12 July 1982 by a special act by the parliament and its main focus was to uplift rural India by increasing the credit flow for elevation of agriculture & rural non farm sector

    From which state Sis Ram Ola represented, to Lok Sabha? Ans : (4)
    1. Punjab 2. Maharashtra 3. Odisha 4. Haryana 5. None

    Explanation: Union labour and employment minister Sis Ram Ola died on 15th December. The Jat leader represented the Jhunjhunu constituency of Rajasthan and was a member of the Rajasthan Legislative Assembly from 1957 to 1990, and from 1980 to 1990 he was a cabinet minister in the Government of Rajasthan. He was Union minister of State for Chemicals and Fertilizers (Independent Charge) from 1996 to 1997 and Union minister of State for Water Resources (Independent Charge) from 1997 to 1998.

    FDI in service sector declined by about? Ans : (3)
    1. 60% 2. 61% 3. 62% 4. 63% 5. 64%

    Explanation: Foreign direct investment (FDI) inflows into the services sector declined by about 62 per cent year-on-year to $1.36 billion during April-October of the ongoing fiscal. services sector, which includes banking, insurance, outsourcing, R&D, courier and technology testing, had received FDI worth $3.6 billion during April-October 2012, an official in the Department of Industrial Policy and Promotion (DIPP) told

    The 4th World Cup Kabaddi Championship was won by? Ans : (1)
    1. India 2. Pakistan 3. Bangladesh 4. Argentina 5. None

    Explanation: India beat Pakistan and emerged champion in the fourth World Cup Kabaddi in Ludhiana on 14th December. Defending champion India retained the title for the fourth consecutive term defeating Pakistan by a margin of nine points. The tournament was held from December 1 to December 14, 2013 with the Opening Ceremony on November 30, 2013 at Bathinda. The tournament took place in Punjab, India. It will be the fourth edition of the circle style World Kabaddi Cup

    Lal Thanhawla is the Chief Minister of which of the following state? Ans : (5)
    1. Rajasthan 2. Madhya Pradesh 3. Manipur 4. Tripura 5. Mizoram

    Explanation: Congress leader Lal Thanhawla was sworn-in as the chief minister of Mizoram on 14th December. Along with him, 11 new ministers were administered the oath of office and secrecy at the Raj Bhavan by governor Vakkom Purushothaman. In the recent elections in Mizoram, Congress won 34 Assembly seats out of 40.

    Expand FSLRC? Ans : (1)
    1. Financial Sector Legislative Reforms Commission 2. Financial and Social Legislative Recommendation Commission 3. Factual Stability Legislative Reforms Commission 4. Factual Sector Legislative Reforms Commission 5. None

    Explanation: The Financial Sector Legislative Reforms Commission (FSLRC) is a body set up by the Government of India, Ministry of Finance, on 24 March 2011, to review and rewrite the legal-institutional architecture of the Indian financial sector. This Commission is chaired by a former Judge of the Supreme Court of India, Justice B. N. Srikrishna and has an eclectic mix of expert members drawn from the fields of finance, economics, public administration, law etc . Union Finance Minister P. Chidambaram on 14th December said the Government would review the powers vested with the RBI, in line with the recommendations of the Financial Sector Legislative Reforms Commission (FSLRC).

    In which of the following country a referendum on a new draft constitution will be held in January, 2014? Ans : (4)
    1. Syria 2. Afghanistan 3.Philippines 4. Egypt 5. Ireland

    Explanation: Egypt said on 14th December that a referendum on a new draft constitution will be held in January, the first step towards elected rule in a country deeply polarised after president Mohamed Morsi's ouster. The constitutional referendum is to be followed by parliamentary and presidential elections in mid-2014, according to a transition road map outlined by the new military-installed authorities

    According Constitution which body, recognizes the political parties in India? Ans : (2)
    1. Lok Sabha 2. Election Commission 3. Parliament 4. Cabinet 5. Cabinet committee of Political Affairs

    Explanation: As per Constitution, Election Commission has the authority, to recognize of political party. This issue was in news recently because Aam Aadmi Party, recently recognized as 'state party'. To get recognition as a State party, all the candidates set up by the party together should get a minimum of eight per cent of the valid votes polled in the entire State or secure a minimum of six per cent of the total votes polled and one Assembly seat for every 25 seats in that State

    Which of the following article is related to Election commission of India? Ans : (3)
    1. 124 2. 224 3. 324 4. 424 5. None

    Explanation: The Election Commission of India is an autonomous, constitutionally established federal authority responsible for administering all the electoral processes in the Republic of India. Under the supervision of the commission, free and fair elections have been held in India at regular intervals as per the principles enshrined in the Constitution. The Chief Election Commissioner and the two Election Commissioners draw salaries and allowances at par with those of the Judges of the Supreme Court of India as per the Chief Election Commissioner and other Election Commissioners (Conditions of Service) Rules, 1992. The current CEC is V.S.Sampath.

    Among the South Asian nations, which of the following is the largest recipient of FDI inflows, according to World Bank recent report? Ans : (1)
    1. India 2. Pakistan 3. Srilanka 4. Bangladesh 5. None

    Explanation: India is by far the largest recipient of FDI in South Asia, comprising India, Pakistan, Sri Lanka and Bangladesh, and changes in its flows influence the picture for the entire region. The foreign direct investment (FDI) flows received by India in the January-March 2013 period reflects a rebound in inflows, said a World Bank Group arm. This is a result of the new investment policies put in place for select sectors, such as telecoms and insurance.

    Who among the following headed standing Committee which urged to desist government from giving new bank licences? Ans : (2)
    1. Arun Jaitley 2. Yashwant Sinha 3. Sitaram Yechuri 4. Arun Shourie 5. Gurudas das gupta

    Explanation: The Government and Reserve Bank of India (RBI) should desist from giving new bank licences to industrial houses, a Parliamentary Panel has suggested. Banking being a highly leveraged business involving public money and public welfare, it will be more in the fitness of things to keep industry and banking separate, the Standing Committee on Finance has said. The Standing Committee on Finance headed by Yashwant Sinha, BJP senior leader

    Which of the following is the first state to inaugurate video conference system up to mandal level at secretariat? Ans : (3)
    1. Gujarat 2. Madhya Pradesh 3. Andhra Pradesh 4. Haryana 5. Goa

    Explanation: Andhra Pradesh has become the first State in India to provide High Definition Video Conferencing facility up to Mandal level. Andhra Pradesh is the first State to have a video conference system in the country way back in 2000 up to District level. AP Chief Minister N Kiran Kumar Reddy on 9th December, 2913 inaugurated the world class "Video Conference System" up to Mandal level at Secretariat, Hyderabad.

    Mary Barra Tobbe is the new chief executive of which MNC? Ans : (1)
    1. General Motors 2. HDFC 3. Face Book 4. Google inc 5.None

    Explanation: General Motors on 10th December named company veteran Mary Barra as its new chief executive, making her the first woman ever to lead a major automaker. Barra, 51, currently works as executive vice president for global product development, purchasing and supply chain. She has worked at GM for 33 years, rising through a series of manufacturing, engineering and senior staff positions.