GK & Current Affairs: May 6-7, 2014

1. Recently, Tata Trust and which of the following banks signed a pact to work together for poverty alleviation and rural development?
[A]State Bank of India
[B]Canara Bank
[C]HDFC Bank
[D]Syndicate Bank

State Bank of India
State Bank of Inda and Sir Dorbaji Tata Trust signed pact to work together for poverty alleviation and rural development. Tata Trust will provide training and capacity building; identify partner organisations, such as farmer producer companies, SHGs and SHG federations. SBI will provide credit support to partners promoted organisations of Tata Trusts.

2. The new protocol “Declaration on Automatic Exchange of Information in Tax Matters” on tax data exchanges has been signed recently in ___?

The declaration on automatic exchange of information in tax matters was endorsed during the OECD’s annual ministerial council meeting in Paris. The standard agreed upon by the 47 nations will help clamp down bank secrecy practices and ensure that they work towards full disclosure of information on tax evaders and financial criminals pertaining to any national jurisdiction.

3. Which among the following countries will chair ASEAN for 2014 for the first time?

Myanmar is the Chair of ASEAN for 2014 and the theme of its ASEAN chairmanship is “Moving Forward in Unity to a Peaceful and Prosperous Community”.

4. Which among the following is the India’s leading sugar producing state?
[A]Uttar Pradesh
[C]Tamil Nadu


5. Among the European Union Countries, the largest investment currently comes to India from?

UK is the largest European Union investor in India. Germany and France are the second and third largest countries to invest in India.

6. Recently, Coca-Cola and Pepsi said they are working to remove a controversial ingredient “Brominated Vegetable Oil (BVO) from all their drinks. In soft drinks BVO is mainly used as a ___?
[B]Coloring Agent

Brominated Vegetable Oil or BVO acts as emulsifier in citrus-flavoured soda drinks. The toxic chemical is banned in many countries because it competes with iodine for receptor sites in the body, which can lead to hypothyroidism, autoimmune disease, and cancer.

7. According to the Forbes “Global 2000” largest and most powerful public companies India is home to how many worlds’ biggest companies?

India is home to 54 largest and most powerful public companies according to the Forbes Global 2000 companies list. The Forbes Global 2000 is a comprehensive list of the world’s largest, most powerful public companies as measured by revenues, profits, assets and market value. Reliance industries lead the list with 135th rank among the Indian companies in the list.

8. Which among the following is the main cause for the new respiratory ailment called COLD or Chronic Obstructive Lung Disease?
[A]Air pollution
[C]Dust and Debris

Chronic Obstructive Lung Disease (COLD) is a new respiratory ailment caused by smoking which eventually suffocates the patient to a slow but sure death.

9. The former Prime Minister of Thailand Yingluck Shinawatra was indicted for involvement in a scam related to __?
[A]Housing scheme
[B]Rice Subsidy scheme
[C]Fertilizer subsidy scheme
[D]Financial misuse

Rice Subsidy scheme
Yingluck Shinawatra has been indicted over a government rice subsidy scheme that proved to be costly.

10. Recently, World Health Organisation has declared which disease as a public health emergency of international concern?

The World Health Organisation has declared polio a public health emergency of international concern making the only the second time the UN agency has given such a designation after the H1N1 flu pandemic in 2009.

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