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    Weekly Bits 18-08-14
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    1) Recently, which among the following atomic power stations set a world record for continuous operation for 740 days? (1) Ans : (1)
    1. Rajasthan Atomic power station 2. Kudankulam Atomic power station 3. Kalpakkam Atomic power station 4. Tarapur Atomic power station 5. Kothagudem Atomic power station

    Rajasthan atomic power station (RAPS) unit 5 on set a world record for continuous operation for 740 days. The 220MW unit has generated 4,120 million units during the continuous operation.

    2) What is the India's ranking in the Global Peace Index-2014, published by the Institute for Economics and Peace? Ans: (1)
    1. 143 2. 144 3. 145 4. 167 5. 189

    Explanation: India was ranked at 143th position in the Global Peace Index-2014. In 162 countries list Iceland, Denmark and Austria were ranked first, second and third respectively

    3) Recently, "Gaofen-2" a most advanced high-definition Earth observation satellite was launched by which country? Ans:(1)

    1. China 2. Japan 3. Cuba 4. Norway 5. Nigeria

    Explanation: China launched the most advanced high-definition earth observation satellite "Gaofen-2", which could clearly show small objects with clarity in color. It will be used for geographic and resources surveys, environment and climate change monitoring, precision agriculture, disaster relief and city planning

    4) Which among the following cities has topped the list of most preferred overseas destination for Indian traveller according to Hotel Price Index survey? Ans: (1)

    1. Dubai 2. Doha 3. Russia 4. Malaysia 5. USA

    UAE's populous city Dubai has topped the list of most preferred overseas destination for Indian travellers in first half of 2014 in Hotel Price Index survey. As per the recent survey, Dubai has topped the chart moving ahead of Bangkok, which ranked number one consecutively for two years being the preferred overseas destination in the first half of the year 2012 and 2013.

    5) BKS Iyengar, who died recently, was a world-renowned? Ans:(1)

    1. Yoga guru 2. Artist 3. Comedian 4. Musician 5. Film Director

    Explanation:BKS Iyengar was a world-renowned Yoga guru and founder of the Iyengar school of Yoga. Iyengar was considered one of the foremost yoga teachers in the world and had written many books on yoga practice and philosophy including "Light on Yoga", "Light on Pranayama" and "Light on the Yoga Sutras of Patanjali".

    6) The "Bardarbunga" one of the largest volcanic systems located in..? Ans:(1)

    1. Iceland 2. Scotland 3. Japan 4. Cuba 5. Cambodia

    Explanation: Bardabunga is a stratovolcano located under the Vatnajokull glacier in Iceland. It rises to 2,009 metres above sea level, making it the second highest mountain in Iceland and part of its largest volcanic system, considered to be close to 200 kilometres long and up to 25 kilometres wide.

    7) "Sakari Momoi", a 111 year-old man, who has been recognised as the world's oldest living man recently, belongs to which country? Ans:(1)

    1. Japan 2. China 3. Cuba 4. Cambodia 5. Nigeri

    Explanation: Sakari Momoi, a 111 year-old retired Japanese educator, has been recognised as the world's oldest living man. He succeeds Alexander Imich of New York, who died in June at the age of 111 years, 164 days.

    8) Recently, in which of the following countries world's first green Hindu temple has been opened? Ans:(1)

    1. UK 2. USA 3. USSR 4. UAE 5. France

    Explanation: A Hindu temple claimed to be world's first "eco-temple" featuring solar panels and rainwater harvesting system, has been opened in northwest London in the UK. The ornate 20 million pounds "Shree Swaminarayan Mandir" in Kingsbury combines traditional Indian architecture and carving with green technology. It also features solar panels on the rood and rainwater harvesting system.

    9) On 14 August, 2014, which among the following World's Greatest Project has turned 100 years of construction? Ans:(2)

    1. Nagar Canal 2. Panama Canal 3. Suez Canal 4. Hudson Canal 5. Vennnela canal

    Explanation: The Panama Canal is a 77.1 kilometre ship canal in Panama that connects Atlantic Ocean to the Pacific Ocean. The canal was officially opened on August 15, 1914. One of the largest and most difficult engineering projects ever undertaken, Panama Canal shortcut greatly reduced the ships to travel between the Atlantic and Pacific Oceans.

    10) Which among the following countries is the venue for the Youth Olympic Games-2014? Ans:(1)

    1. China 2. Japan 3. Australia 4. South Africa 5. South Korea

    Explanation: The 2014 Summer Youth Olympic Games is the second summer Youth Olympic Games, an international sports, due to be held from 16 to 28 August 2014 in Nanjing, China.

    11) What is the name of India's first Naval vessel with all weapon systems built indigenously, that was commissioned into the Indian Navy on 23 August 2014? Ans:(2)
    1. INS Kolkata 2. INS Kamorta 3. INS Kochi 4. INS Karnataka 5. INS Kerala

    Explanation: INS Kamorta was commissioned into the Indian Navy by Defence Minister Arun Jaitley at Vishakhapatnam on 23 August. The first indigenously-built stealth was handed over to Indian Navy by Garden Reach Shipbuilders & Engineers Ltd. (GRSE) earlier on 12 July 2014. GRSE is a public-sector ship building enterprise and has manufactured INS Kamorta. The ship will be based at the Vishakhapatnam-based Eastern Command of Indian Navy.

    12) Which state government on 21 August 2014 announced proposal to clamp complete prohibition on liquor in various phases? Ans:(2)
    1. Karnataka 2. Kerala 3. Telangana 4. Goa 5. Nagaland

    Explanation: The Congress-led United Democratic Front (UDF) in Kerala, which met 21 August 2014 to discuss the liquor policy of the government, decided to bring in prohibition in a phased manner. The state govt. proposed to make Kerala a dry state in 10 years. Presently Gujarat is the only dry state of India.

    13) India's capital market regulator SEBI on 22 August 2014 ordered which NBFC entity to refund the money raised from some 58.5 million customers through collective investment schemes (CIS)? Ans:(1)
    1. Pearls Agrotech Corp Ltd 2. Diamonds Agrotech Corp Ltd 3. Jasmines Agrotech Corp Ltd 4. Roses Agrotech Corp Ltd 5. Emerald Agrotech Corp Ltd

    Explanation: Delhi-based Pearls Agrotech operates from 15 regional offices and had 3.35 million field associates in 2011-12. SEBI found Pearls Agrotech violating CIS regulations by mobilizing the money without being registered with the regulator. The company offered two kinds of plans- a cash-down payment plan and an instalment payment plan. Under the former, it offered to allot land to customers within 270 days of payment and under the latter within 90 days.

    14) U.R. Ananthamurthy, the writer of incredible literary works like ‘Samskara’ and 'Bharatipura' and the winner of India's highest literary award- the Janapith Award, passed away on 22 August 2014. He did his writings in which language? Ans:(3)
    1. Telugu 2. Tanil 3. Kannada 4. Malayalam 5. Odiya

    Explanation: U.R. Ananthamurthy (full name Udupi Rajagopalacharya Ananthamurthy) was considered the doyen of Kannada literature. He was the pioneer of the 'Navya' movement. His works have been translated into several Indian and European languages and have been awarded with important literary prizes.

    15) What is the name of the controversial survey conducted by the Telangana Government throughout the state on 19 August 2014 and due to which various sections of the state were scared and apprehensive? Ans:(1)
    1. Samagra Kutumba Survey 2. Complete Household Survey 3. Sanghatitha Kutumba Survey 4. Sambhavana Kutumba Survey 5. None

    Explanation: :- The "Intensive Household Survey", completed in one day across Telangana, was to identify genuine beneficiaries of government welfare measures. The surveyors sought to see bank account details and the Aadhar card. The survey was conducted across the ten districts in the state with the help of four lakh government employees and a huge team of outsourced enumerators in the state.

    16) The Reserve Bank of India (RBI) on 18 August 2014 constituted a 15-member inter-regulatory committee to monitor the growing phenomenon of shadow banking. Who has been appointed as the Chairman of this committee? Ans:(2)
    1. P. Partha sarathy 2. P. Vijaya Bhaskar 3. R. Sadananda Goud 4. T. Krishna Murthy 5. None

    Explanation: Shadow banking refers to banking-like activity by non-banking finance companies (NBFCs) that remain outside the regulatory net. They generally operate as intermediaries between investors and borrowers. The role of this newly constituted committee will be to find out the volume of money in shadow banks, who the investors are and direction of the money flow, etc. The 15-member committee comprises of officials of the RBI, Securities and Exchange Board of India (SEBI), Central Economic Intelligence Bureau and the National Housing Bank (NHB).

    17.What is the name of the Mission Director of the Direct Benefits Transfer (DBT) Scheme, who resigned from the post during August 2014? Ans:(1)
    1. S. Sundaresan 2. S. Sureshan 3. T. Seshachalam 4. V. Dasavatharam 5. K. Kutumba Rao

    Explanation: Sundareshan was a 1976 batch IAS officer of Kerala cadre and was appointed Mission Director, Direct Benefits Transfer Scheme, in June 2013. The reason for his resignation was not disclosed. The much touted DBT programme was rolled-out by the previous UPA government on 1 January 2013, for transferring subsidies of various welfare schemes through the Aadhaar-linked platform. The UPA government had also initiated transfer of LPG subsidy through DBT from 1 June 2013, under which consumers are paid cash subsidy to help them buy LPG cylinders at market price.

    18.World-renowned Yoga guru B.K.S. Iyengar passed away at a Pune hospital on 20 August 2014 at the age of 96 years. He was considered one of the foremost Yoga teachers in the world and founded the style of yoga known as "Iyengar Yoga". Iyegar is credited with providing global popularity to Yoga with his unusual style. What is the name of the iconic book written by him which is considered as the Bible of Modern Yoga? Ans:(1)
    1. Light on Yoga 2. Yoga Light 3. Remove darkness by Yoga light 4. Yoga is a Light 5. None

    Explanation: B.K.S Iyengar (full name Bellur Krishnamachar Sundararaja Iyengar) is credited with integrating the eight aspects of astanga yoga, now known as 'Iyengar's Yoga'. His iconic book "Light on Yoga" has been translated into 19 languages and has sold more than 3 million copies worldwide. He was awarded the Padma Vibhushan, India’s second highest civilian award, during the Republic Day celebrations earlier this year.

    19.Who is heading high-level committee to recommend restructuring of Food Corporation of India (FCI) that was constituted by the Union Government on 20 August 2014? Ans:(1)
    1.Shantha Kumar 2. Sarada Kumar 3. Suresh Kumar 4. Sri Kumar 5. Sai Kumar

    Explanation: Shanta Kumar is the former Chief Minister of Himachal Pradesh and is presently a Lok Sabha MP of the BJP. The committee will mainly study various models of restructuring or unbundling of FCI to improve its operational efficiency and financial management as well as measures for overall improvement in management of foodgrains by FCI. It is commonly perceived that FCI is plagued with several functional and cost inefficiencies, which need to be removed for efficient management of foodgrains and saving costs.

    20) Which international finance entity launched a $2.5-billion onshore Indian rupee bond programme on 20 August 2014 so as to strengthen the capital market and support infrastructure development in India? Ans:(2)
    1. IFS 2. IFC 3. ITC 4. IUC 5. IPC

    Explanation: IFC is a member of the World Bank Group. It finances and provides advice for private sector ventures and projects in developing countries in partnership with domestic financial institutions and banks. Under the rupee bond programme, IFC will use a combination of rupee-denominated bonds and swaps to raise local currency financing of up to $2.5 billion or Rs. 15,000 crore over the next five years. Proceeds from the programme will be used for infrastructure investments in India.

    21) On 20 August 2014 the Finance Ministry ordered a forensic audit to be done at the branches of two banks in view of the reports of misappropriation of funds worth Rs. 436 crore. Which two banks are involved in this matter? Ans:(2)
    1. SBi & SBH 2. Deena Bank and OBC 3. Axis and HDFC 4. HSBC and Axis bank 5. SBI and Canara Bank

    Explanation: According to media reports, a Mumbai-based branch manager of Dena Bank mobilised fixed deposits (FDs), using middlemen, to the tune of Rs 256.5 crore from seven corporates, while in the case of OBC, misappropriation of funds to the tune of Rs. 180 crore was reported. In the wake of rising scams in public sector banks, the Finance Ministry is looking at various steps, including strengthening of risk management, appointment of bank chiefs for longer tenures, separation of posts and better quality of nominee and independent director.

    22) Who took over as the fourth Deputy Governor of the Reserve Bank of India (RBI) during July 2014? Ans:(1)
    1. S.S. Mindra 2. S.S. rajamouli 3. S K Mishra 4. S S Saxena 5. None

    Explanation: :- S.S. Mundra took the charge as the Deputy Governor of the RBI on 31 July 2014. Three other deputy governors of the RBI are Urjit Patel, HR Khan, and R. Gandhi. Before taking this responsibility at RBI, Mundra was the Chairman and Managing Director (CMD) of the public-sector bank - Bank of Baroda (BOB). Mundra filled the vacancy created by the retirement of K.C. Chakrabarty in April 2014, two months before his five-year tenure was come to an end..

    23) The Central Government has re-launched the Varishtha Pension Bima Yojana, for the benefit of citizens aged how many years above? Ans:(2)
    1. 50 2. 60 3. 70 4. 55 5. 66

    Explanation: The scheme will provide financial security to almost half a million senior citizens of the country by ensuring regular income during old age.
    The scheme will benefit the vulnerable section of society with limited resources as it will provide monthly pension ranging from Rs 500 to 5,000 per month to senior citizens of the country. The Scheme will be administrated by the Life Insurance Corporation, LIC.

    24) The militaries of India and which other country will jointly conduct a Combined Training Exercise, Surya Kiran-VII, from August 18 to August 31, 2014? Ans:(2)
    1. Australia 2. Nepal 3. Srilanka 4. Bhutan 5. Nigeria

    Explanation: The combined training will be conducted in the mountain terrain of Pithoragarh in the Northern Himalayas at an altitude of 5000-6000 feet under the aegis of GARUD DIVISION.
    The aim of the exercise will be to hone Sub Unit level tactics and develop interoperability between Indian Army and Nepalese Army in Jungle Warfare, Counter Terrorism Operations in Mountainous Terrain, as also to provide working knowledge of Disaster Management to include Pandemic/ Epidemic diseasescontrol and Aviation aspects.

    25) India has join hands with which country to get its expertise in building 'Smart Cities'? Ans:(1)
    1. Singapore 2. Malaysia 3. Thailand 4. Japan 5. China

    Explanation: even as the two nations decided to ramp up economic engagement besides defence and security cooperation. Recently, India allocated over Rs 7,000 crore in its Budget 2014-15 for development of 100 'Smart Cities'.
    The new Budget presented by Finance Minister Arun Jaitley enunciated the concept of 'smart cities' as satellite towns of larger ones and allocated a sum of Rs 7,060 crore for the ambitious project. India is likely to benefit from Singapore's expertise in smart cities, urban planning and water management strategies.