GK & Current Affairs: July 5, 2013

1. The Institute of Chartered Accountants of India (ICAI) was established in_____?

The Institute of Chartered Accounts of India (ICAI), India’s premier and world’s second largest accounting body was established in July 1, 1949. The Institute celebrated its 64th foundation day on July 1, 2013.

2. Who among the following has been elected as president of Asian Athletic Association’s?
[A]Suresh Kalmadi
[B]Dahlan Jumaan Al-Hamad
[C]Adille Sumariwala
[D]C K Valson

Dahlan Jumaan Al-Hamad
General Dahlan Jumaan Al-Hamad has been elected as the 6th president of the Asian Athletic Association during the 20th Asian Athletic Association congress meeting held in Pune. Indian Suresh Kalmadi lost 18-20 while seeking re-election to a post he has held for 13 years. He has been at the helm of affairs of the Asian Athletic Association since 2000.

3. Recently, the International Astronomical Union (IAU) officially named the fourth and fifth moons of Pluto as___?
[A]Kerberos and Styx
[B]Apollo and Artemis
[C]Hera and Heracles
[D]Demeter and Dionysus

Kerberos and Styx
The two smallest moons orbiting Pluto were officially named by the International Astronomical Union. The moon earlier known P4 has been named Kerberos, after the three-headed dog of Greek mythology. The second one P5, was named Styx. After the mythology river that separates the world of the living from the realm of the dead.

4. What is the present ranking of India in the recently released Global Innovation Index-2013?

India ranked 66th in the Global Innovation Index-2013, published by Cornell University, INSEAD, World Intellectual Property Organization (WIPO) and Confederation of India Industry (CII) as a knowledge partner. The study ranked 142 economies across the world on their innovation capacity and efficiency. India ranked number one in the Central and South Asia region followed by Kazakhstan and Sri Lanka and 11th overall in Innovation efficiency ratio.

5. Who among the following has been designated as India’s next Foreign Secretary?
[A]Sujatha Singh
[B]Jai Shankar
[C]Sudhir Vyas
[D]Jaimini Bhagwati

Sujatha Singh
Sujatha Singh, a 1976 batch Indian Foreign Service officer, envoy to Germany, will be India’s next foreign secretary. Singh, who will be the third woman to head the services after Chokila Iyer and Nirupama Rao, is the daughter of T V Rajeshwar, the former Intelligence Bureau chief.

6. Recently, Union cabinet accepted the recommendations of ministerial group on a collegium system to appoint the agency’s director. The proposed collegium system to appoint the CBI director will comprises of?
[A]President, Vice President and Prime Minister
[B]Prime Minister, opposition leader of Loka sabha and Chief Justice of India
[C]President, Prime Minister and opposition leader of Loka sabha
[D]Prime Minister, opposition leader of Loka sabha and Rajya sabha

Prime Minister, opposition leader of Loka sabha and Chief Justice of India
The cabinet accepted the recommendations of the ministerial group, enhancing the CBI’s autonomy through a collegium system to appoint the agency’s director and instituting an oversight panel to ensure impartiality of investigations. The collegium will comprises the Prime Minister, opposition leader of Loka sabha and Chief Justice of India. This will dilute the monopoly of the government in the appointment of the sensitive post of the CBI director.

7. Which of the following committee has been appointed to bring about clarity on taxation matters pertaining to IT sectors?
[A]Rangachary committee
[B]Parthasarathi committee
[C]Rashmi Sahani Saxena committee
[D]Anitha Kapur Committee

Rangachary committee
Rangachari Panel was constituted to bring about clarity on taxation matters pertaining to development centres and IT sectors. The first report of the committee made public recently. To boost the information technology sector, the Rangachary Committee has recommended that the profit split method (PSM), which leads to higher taxation, should be used with extreme care and cautions.

8. Which of the following organization publishes the “World Investment Report” annually?
[C]World Bank

United Nations Conference on Trade and Development publishes the World Investment Report annually since 1991. The report covers the latest trends in foreign direct investment around the World and analysis in depth one selected topic related to foreign direct investment and development.

9. Annashree Yojana is a flagship programme of which one of the following state?

Annashree Yojana is a cash transfer scheme launched by Delhi government. Under this scheme monthly cash subsidy of Rs 600 will be directly transferred into Aadhaar-
linked bank account of the senior-most female member of two lakh poor families. Recently Delhi government agreed to relax the eligibility criteria of this scheme. As per new criteria for Annashree scheme, a household whose head has been a resident of Delhi for at least three years and annual family income is not more than 1 lakh rupees is eligible for benefit under the scheme.

10. Who among the following has been conferred with Dubai Government’s Emirates Woman Award for Business Excellence?
[A]Sunitha Nair
[B]Vandana Gandhi
[C]Indira Nooyi
[D]Sudha Murthy

Vandana Gandhi
Vandana Gandhi became the first ever Indian woman to receive Dubai Government’s coveted Emirates Woman Award for business excellence. Vandan Gandhi is Founder & CEO of British Orchard Nursery, Middle East only ISO-certified nursery chain.

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  • shruti


  • [email protected]

    very nice

  • sharad

    It’s very usefull.But it should be increase the no of questions.minimum 20 questions.That will be more usefull to acuire more & more current events.

  • rozer

    Help me


    thanks sir………….keep it up.

  • Sachin

    send me gk questions in my id

  • Rahul Sharma

    Very nice..