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    Weekly Bits 03-11-14
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    26) What is the Name of the scheme launched by Centre for welfare of Tribals on 28thOct'14? Ans : (1) 1. Vanbandhu Kalyan Yojana 2. Vana Kalyana Yojana 3. Forest Culture Yojana 4. Vriksh Kalyan Yojana 5. None

    Explanation:The scheme been launched on pilot basis in one block each of the States of AP, MP, HP, Telangana, Orissa, Jharkhand, Chattisgarh, Rajasthan, Maharashtra and Gujarat.

    27) What is the Name of the scheme to be revamped and launched by Government besides some new saving instrument programmes for the girl child as well for the physically challenged person? Ans: (2)
    1. Indira Vikas Patra 2. Kisan Vikas Patra 3. Rajeev Kisan Vikas Patra 4. Jawan Vikas Patra 5. None

    Explanation: The KVP was discontinued by the UPA government in 2011 following the Shyamala Gopinath Committee report. It had suggested that KVPs may be discontinued as they are prone to misuse. KVP was a popular saving scheme that doubled the money invested in eight years and seven months.

    28) Uday Sareen has been announced as the new Managing Director and CEO of the ........ on 28thOct'14? Ans:(1)
    1. ING Vysya Bank Board 2. HDFC 3. Axis Bank 4. Oriental Bank of Commerce 5. Canara Bank

    Explanation: He was Deputy CEO and succeeds current CEO & MD Shailendra Bhandari who has resigned from the same post. Shailendra Bhandari will continue in office till 31stJan’15

    29) Who among the following has written the biography of Allama Muhammad Iqbal?Ans: (1)
    1. Zafar Anjum 2. Zareen Khan 3. Farah Khan 4. Saroj Khan 5. None

    Explanation: The title of the book is Iqbal: The Life of a Poet, Philosopher and Politician. Allama Mohammad Iqbal remains a controversial figure in the history of the Indian subcontinent. On the one hand, he is considered as the Spiritual Father of Pakistan. On the other, his message of Eastern revivalism places him in the ranks of the twentieth century's major intellectuals.

    30) According to the ICC ODI rankings released on 28th Oct'14 which cricket team has topped the list? Ans:(2)
    1. India 2. South Africa 3. Australia 4. England 5. Srilanka

    Explanation: South Africa with 115 rating points. This is the first time in five years that South Africa has surged to the top of the ODI team table. Australian moved to second position with 114 and India on third position with 113 points.

    31) CSR refers to..? Ans:(3)
    1. Comprehensive Services Reorganization 2. Corporate Services Responsibility 3. Corporate Social Responsibility 4. Corporate Scientific Research 5. None

    Explanation: Notes: CSR stands for Corporate Social Responsibility. Under the CSR framework, certain companies have to fork out 2 per cent of their three-year average annual net profit towards CSR activities. Corporate contributions towards two key initiatives of Swachh Bharat and Clean Ganga will now be counted as CSR spend. The Corporate Affairs Ministry has amended Schedule VII of Companies Act to specify that contributions to 'Swachh Bharat Kosh' and 'Clean Ganga Fund'would be eligible CSR spend

    32) In the list of Gender Gap Index, India stood at..? Ans:(5)
    1. 110 2. 111 3. 112 4. 113 5. 114

    Explanation: According to World Economic Development India stood at 114th rank in the Gender Gap Index-2014. In total 142 countries ranks were released. According to WEF, the poor rank of India is mainly down to deterioration in economic participation and opportunity, as well as educational attainment

    33) In which year, Bhopal gas tragedy happened? Ans:(3)
    1. 1982 2. 1983 3. 1984 4. 1985 5. 1986

    Explanation: Notes: 1984 Bhopal gas tragedy is also referred as Bhopal disaster was a gas leak incident in India that occurred on the night of 2 and 3 December 1984. This disaster is considered as world's worst industrial disaster. Warren M Anderson, the former Chairman of Union Carbide Corporation who was blamed for the 1984 Bhopal gas tragedy died. Anderson died on 29 September 2014 but his death was not announced by his family which was confirmed later

    34) In October 2014, which country has over took, USA in terms of Purchasing Power parity? Ans:(2)
    1. Japan 2. China 3. Russia 4. India 5. Mexico

    Explanation: Notes: According to International Monetary Fund estimation, as of October 2014, China's GDP in PPP terms stood at 17.6 trillion US dollars and constituted 16.48 percent of the World GDP. With this figures China overtook the US to become the world's largest economy in Purchasing Power Parity (PPP) terms. The US GDP on PPP basis stood at 17.4 trillion US dollars and constituted 16.28 percent of World GDP.

    35) NPT refers to......? Ans:(1)
    1. Non Proliferation Treaty 2. Nuclear Proposed Theory 3. Nuclear Proposed Treaty 4. No provision Treaty 5. None

    Explanation: Notes: NPT stands for Non proliferation Treaty. This is in news because India on 31 October 2014 voted against the provisions of UN draft resolution that called on all those countries including India that have not joined the Nuclear Non-Proliferation Treaty (NPT) to accede to it as non-nuclear weapon states

    36) Which is the first European country to recognize the state of Palestine? Ans:(5)
    1. UK 2. Germany 3. Lithunia 4. Norway 5. Sweden

    Explanation: Sweden on 30 October 2014 became the first European Union (EU) country to officially recognise the State of Palestine. 130 other nations that already recognise the Palestinian State include Hungary, Slovakia and Poland although these three countries took this step before joining the EU. Non-EU member Iceland is the only other western European nation to recognise the Palestinian State

    37) In the list of Ease of doing business, India stood at..? Ans:(4)
    1. 139 2. 140 3. 141 4. 142 5. 143

    Explanation: Notes: According to World Bank report India has slipped two places in the Doing Business index. The report was released by World Bank group on 28th October in Washington, India stood at 142.

    38) Recently, for which sector the FDI norms were relaxed? Ans:(2)
    1. Mining 2. Construction 3. Single retail 4. Multi retail 5. None

    Explanation: Notes: The Cabinet has relaxed norms for foreign direct investment (FDI) in construction development to make the sector more attractive for overseas investors. The minimum built-up area requirement for FDI in construction projects has been reduced from 50,000 sq metres to 20,000 sq metres. The Government has also halved the minimum capital requirement for such projects from $10 million to $5 million..

    39) India's first fish hospital will be established in which of the following places? Ans:(3)
    1. Vishakapatnam 2. Chennai 3. Kolkata 4. Surat 5. Mumbai

    Explanation: Notes: The country's first hospital to treat abnormalities and diseases in fish is set to come up in Kolkata by mid-2015. The institute will not only help fish farmers increase yield by reducing the number of fish deaths, but will also ensure that people will consume healthy fish

    40) Number of nations signed in the China led Asian Infrastructure Investment Bank? Ans:(5)
    1. 17 2. 18 3. 19 4. 20 5. 21

    Explanation: Notes: China led 21 Asian nations, including India, in forming a multilateral financial front in the form of the Asian Infrastructure Investment Bank (AIIB), India signed a memorandum of understanding, along with Pakistan, Sri Lanka, Bangladesh and Nepal and others, as the founding member of the AIIB on 24th October

    41) In which country's lab, the lowest temperature ever achieved? Ans:(4)
    1. USA 2. Australia 3. Japan 4. Italy 5. Franc e

    Explanation: Notes: Scientists at an Italian institute have set a world record of the lowest temperature ever achieved in the universe. They cooled a copper vessel with a volume of one cubic meter to -273.144 degrees celsius. This is stunningly close to 'absolute zero', which is equal to -273.15 degrees celsius. Theoretical physics says that temperature can never go below this limit .

    42) Name the Indian Banker, who had received an honorary Doctor of Laws from Carleton University in Canada? Ans:(3)
    1. Nainalal Kidwai 2. Shikha Sharma 3. Chanda Kocchar 4. Sanjiv Mishra 5. None

    Explanation: Notes: Chanda Kochhar, MD and CEO, ICICI Bank, received an honorary Doctor of Laws from Carleton University, Canada. The University said it conferred the honour in recognition of her pioneering work in the financial sector, effective leadership in a time of economic crisis and support for engaged business practices.

    43) The Chairman of 14th Finance Commission? Ans:(2)
    1. Parthasarathy Shome 2. YV Reddy 3. Govindha Rao 4. Sushma Nath 5. Vidya Sagar Rao

    Explanation: Notes: The 14th Finance Commission was constituted in January 2013 to recommend, among other things, distribution of taxes between the Centre and states as well to suggest measures for maintaining a stable and sustainable fiscal environment. Government has extended the term of the 14th Finance Commission by two months to December 31. The Commission had sought two months' extension for the submission of its report by up to December 31, 2014 to examine financial projections, carry out consultations with the government of Andhra Pradesh and Telangana in view of additional term of reference made to it.

    44) Abhinav Bindra is associated with which sport? Ans:(1)
    . 1.Shooting 2. Boxing 3. Billiards 4. Tennis 5. Shuttle

    Explanation: Notes: Abhinav Bindra is Indian shooting player. He is the country' individual Olympic gold medalist. Recently he has been elected chairman of International Shooting Sport Federation's (ISSF) Athletes Committee, becoming the first Indian to receive the honour.

    45) New Chairman of Kalakshetra? Ans:(3)
    1. S.R. Akash 2. Rajendra Sinha 3. Gopalaswami 4. Vinay Pachauri 5. None

    Explanation: Notes: N. Gopalaswami, former Chief Election Commissioner is the new chairman of the Chennai-based 'Kalakshetra,' the institution founded by Rukmini Devi Arundale to nurture India's artistic traditions. Kalakshetra is a cultural academy dedicated to the preservation of traditional values in Indian art, especially in the field of Bharatanatyam dance and Gandharvaveda music. The academy was founded in January 1936 by Rukmini Devi Arundale. In January 1994, an Act of the Indian Parliament recognised the Kalakshetra Foundation as an 'Institute of National Importance'

    46) VKY stands for......? Ans:(1)
    1. Vanbandhu Kalyan Yojana 2. Valmiki Kalyan Yojana 3. Valmiki Krushi Yojana 4. Vanbandhu Krushi Yojana 5. None

    Explanation: Notes: VKY stands for Vanbandhu Kalyan Yojana, Union Ministry of Tribal Affairs on 28 October 2014 launched Vanbandhu Kalyan Yojana (VKY) for welfare of Tribal people. Under the scheme, Union Government will provide 10 crore rupees for each block for the development of various facilities for the Tribal people. The scheme was launched on pilot basis in one block each of the States of Andhra Pradesh, Madhya Pradesh, Himachal Pradesh, Telangana, Orissa, Jharkhand, Chhattisgarh, Rajasthan, Maharashtra and Gujarat

    47) How many nations have signed an agreement which is aimed to crackdown on tax evasion? Ans:(5)
    1. 47 2. 48 3. 49 4. 50 5. 51

    Explanation: Notes: Finance ministers and tax chiefs from fifty-one countries signed an agreement on 29 October 2014 to automatically swap tax information beginning in 2017. The agreement that was reached in Berlin will help the participant countries to share financial data and boost efforts to crackdown on tax evasion

    48) World Polio day is observed on............? Ans:(2)
    1. 22nd October 2. 23rd October 3. 24th October 4. 25th October 5. 26th October

    Explanation: Notes: World Polio Day was observed across the world on 24 October 2014. The day was observed to create awareness about the hazards of the crippling disease. According to UNICEF data, the annual number of polio cases has fallen from 350000 in 1988 to 416 in 2013 to 243 cases in 2014 so far. The drop in number of polio cases is an extraordinary drop of more than 99 percent. Currently, Pakistan, along with Afghanistan and Nigeria, are three remaining polio endemic countries in the world.

    49) Nguyen Tan Dung has visited India recently; he is the Prime Minister of which country? Ans:(2)
    1. Malaysia 2. Vietnam 3. Thailand 4. Laos 5. Brunei

    Explanation: Notes: Nuyen is the Prime Minister of Vietnam. India and Vietnam on 28 October 2014 signed seven Memoranda of Understandings (MoUs) in New Delhi. The MoUs were signed during the visit of Vietnamese PM Nguyen Tan Dung in India. The agreements were signed in the areas of education, culture, Information and Broadcasting and oil exploration.

    50) Vigilance Awareness Week is observed in India from .........? Ans:(1)
    1. 27 oct-1 Nov 2. 29 Oct-2Nov 3. 30 Oct-5 Nov 4. 31Oct-3 Nov 5. 1 Nov- 10 Nov

    Explanation: This year's theme is “Combating Corruption - Technology as an enabler".