GK & Current Affairs : May 13, 14, 2015
1. Which of the following has launched Indian Trading League (ITL), India’s first capital market league?
SAMCO Ventures, a Mumbai-based discount broking firm, has launched Indian Trading League (ITL). The ITL is said to be the country’s first capital market league. The first edition of the league begins on May 19 and will conclude on March 31, 2016 with four formats in the first edition – the Indian Trading League, the Indian Investors League, the Indian Commodities League and the Indian Women League. ITL was launched by former Indian cricketer Kapil Dev, who also started his first innings as an investor in the venture at an event held in Mumbai.
2. Which moon of the Jupiter is found to have huge Lava Lake?
Astronomers have found Lava Lake on Io, one of Jupiter’s moons. The observation was done by using the Large Binocular Telescope. The largest of volcanic activities has been named Loki after the Norse god often associated with fire and chaos, is a volcanic depression called patera in which the denser lava crust solidifying on top of a lava lake episodically sinks in the lake, yielding a raise in the thermal emission that has been regularly observed from Earth. Loki, only 124 miles in diameter and at least 373 million miles from Earth, was, up until recently, too small to be looked at in detail from any ground-based optical/infrared
3. Who is the chairman of the 7th Central Pay Commission?
[A]A K Mathur
Answer: A K Mathur
Former Supreme Court Justice Ashok Kumar Mathur is the chairman of the 7th Central Pay Commission. Rathin Roy, Vivek Rae is the part time members of the committee and Meen Agarwal is the secretary. The commission was asked to submit its report in two years time and its recommendations would be implemented from January 1, 2016.
4. Economist Alexandre Lamfalussy, who died recently, was often known as ___?
[A]Father of US economy
[B]Father of the Euro
[C]Founder Father of World Bank
[D]Father of Microfinance
Answer: Father of the Euro
Alexandre Lamfalussy was a Hungarian-born economist. He is consider as a founding father of the euro currency. Mr. Lamfalussy was the founding president of the European Monetary Institute, which later became the European Central Bank and which now oversees the eurozone monetary system. As president of the institute, Mr. Lamfalussy assembled the core of the multinational staff that started the common currency, and he gave the euro much of its intellectual underpinnings. He helped devise the rules on debt and spending that govern membership in the eurozone and was even involved in designing the bank notes. Reference
5. Which one of the following sectors is not to be covered under the proposed national offset policy (NoP)?
Answer: Atomic Energy
The commerce and industry minister mulling to roll out national offset policy (NoP) that proposes to make it mandatory for foreign firms to source parts of their government or PSU contracts from domestic manufacturers. As per the proposed policy the foreign firms selling goods worth over Rs 300 crore to the government or public sector units will have to source part of their supplies from domestic manufacturers. Sectors covered under the NoP include civil aerospace, power, fertiliser, railways, and other transportation, ports and shipyards, mining, medical equipment, medicine and telecom. However, sectors such as defence, atomic energy and space would not be covered under the policy. Reference
6. Which country is not a part of “Golden Triangle” infamous for opium and heroin production?
The Golden Triangle is one of Asia’s two main opium-producing areas. It is an area that overlaps the mountains of three countries of Southeast Asia: Myanmar, Laos and Thailand. It has been one of the most extensive opium-producing areas of Asia and of the world since the 1950s. Most of the world’s heroin came from the Golden Triangle until the early 21st century when Afghanistan became the world’s largest producer. The Golden Triangle designates the confluence of the Ruak River and the Mekong River, since the term has been appropriated by the Thai tourist industry to describe the nearby border tripoint of Thailand, Laos and Myanmar.
7. India’s first private Greenfield airport is located in which state?
Answer: West Bengal
Kazi Nazrul Islam airport is in West Bengal. It is India’s first private Greenfield airport located in Durgapur-Andal region. The airport has been developed in collaboration with Changi International Airport, Singapore.
8. What is the maximum monthly pension for the subscribers under Atal Pension Yojana?
Answer: Rs 5000
The Atal Pension Yojana (APY) is open to all Indians between the age of 18 and 40. This allows an individual to contribute for at least 20 years before reaping the benefits of the scheme. Any bank account holder who is not a member of any statutory social security scheme can avail of the scheme. Under the scheme, the minimum monthly pension for the subscribers ranging between Rs 1000 and Rs 5000 per month.Reference
9. At which place, India’s largest open blast furnace has been recently commissioned?
Prime minister Modi inaugurated the upgraded steel plant of IISCO that has the country’s largest blast furnace and has been modernised at a cost of Rs.16,000 crore. After modernisation, the plant’s production capacity has increased from 0.85 million tonnes per annum (mtpa) to 2.9 mtpa.
10. Which of the following prime ministers of India never visited China?
[B]P V Narasimha Rao
[D]A B Vajpayee
Answer: Indira Gandhi
Indira Gandhi did not visit China in her tenure. Nehru was the first Prime Minister to visit China in October 1954. India-China agreement over Tibet was signed during this visit. In September 1988, Rajiv Ghandi visited China and decided to set up a joint working group to deal with boundary dispute. Later P V Narasimha Rao (Sept 1993), A B Vajapayee (Jun 2003) and Manmohan Singh (Jan 2008 & 2013) visited China.
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