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Quiz 596: General Knowledge & Current Affairs February 2012

1. As per the Model Code of Conduct for the guidance of Political Parties and Candidates by Election Commission of India they can’t hold public meetings during the period of _____ hours ending with the hour fixed for the close of the poll.
[A]12
[B]24
[C]36
[D]48

48
All parties and candidates shall avoid scrupulously all activities which are “corrupt practices” and offences under the election law, such as bribing of
voters, intimidation of voters, impersonation of voters, canvassing within 100 meters of polling stations, holding public meetings during the period of 48
hours ending with the hour fixed for the close of the poll, and the transport and conveyance of voters to and from polling station.


2. RSS is a family of web feed formats used to publish frequently updated works—such as blog entries, news headlines, audio, and video—in a standardized format.
What is the full form of RSS ?
[A]Realtime Site Summary
[B]RDF Site Summary
[C]Realtime Site Statistcs
[D]Random Site Summary

RDF Site Summary
RSS is generally called Really Simple Syndication. It was originally RDF Site Summary where RDF = Resource Description Framework.


3. Who are the Founders of Social Networking Site: “Twitter” ?
[A]Chris Hughes, Dustin Moskovitz, Eduardo Saverin, Mark Zuckerberg
[B]Larry Page, Sergey Brin
[C]Biz Stone, Evan Williams, Noah Glass, Jack Dorsey
[D]Jawed Karim, Chad Hurley, Steve Chen

Biz Stone, Evan Williams, Noah Glass, Jack Dorsey
Founder of :-
“Twitter”: Biz Stone, Evan Williams, Noah Glass, Jack Dorsey
“Facebook”: Chris Hughes, Dustin Moskovitz, Eduardo Saverin, Mark Zuckerberg
“Google”: Larry Page, Sergey Brin
“Youtube”: Jawed Karim, Chad Hurley, Steve Chen


4. He is a an MIT graduate who whose project “SPARSH” will allow users to copy data from a device by just a touch and then transfer it by simply touching another device.
Identify the personality from given options:
[A]Kamal Bawa
[B]Pranav Mistry
[C]Birbal Sahni
[D]K. Radhakrishnan

Pranav Mistry
Pranav Mistry is easily among the hottest names in the technology space today. With a host of futuristic inventions to his credit, including the SixthSense
technology (a wearable gestural interface that augments the physical world around us with digital information and lets us use natural hand gestures to
interact with that information), Mouseless (an invisible computer mouse) and intelligent sticky notes that can be searched, that is only natural. The MIT
graduate demonstrated his SPARSH project at the Nasscom summit, demonstrating how it would be possible to copy data from a device by just a touch
and then transfer it by simply touching another device, among other things.


5. In India, the National Voter’s Day is celebrated on?
[A]December 25
[B]January 25
[C]February 25
[D]March 25

January 25
2nd National Voters’ Day was celebrated on : 25th January, 2012


6. As per the Code of Conduct by Election Commission of India for Party in Power, Ministers and other authorities shall not sanction grants/payments out of discretionary funds from what time ?
[A]24 hours before the commencement of the election
[B]The time elections are announced by the Commission
[C]36 hours before the commencement of the election
[D]48 hours before the commencement of the election

The time elections are announced by the Commission
Ministers and other authorities shall not sanction grants/payments out of discretionary funds from the time elections are announced by the Commission


7. GLONASS GLObalnaya NAvigatsionnaya Sputnikovaya Sistema or GLObal NAvigation Satellite System, is a radio-based satellite navigation system operated by ?
[A]Japan
[B]China
[C]Russia
[D]Korea

Russia


8. UN has announced to celebrate Year 2012 as International Year of ?
[A]Banks
[B]Cooperatives
[C]Self Help Goups
[D]Corporates

Cooperatives
United Nations Declares 2012 as International Year of Cooperatives (IYC)


9. Which among the following correctly denotes the Primary Deficit?
[A]Revenue Expenditure – Revenue Receipts
[B]sum of the net increase in holdings of treasury bills of the RBI and its contributions to the market borrowing of the government.
[C]Budgetary Deficit + Govt. market borrowings and liabilities
[D]Fiscal Deficit – Interest Payments

Fiscal Deficit – Interest Payments
The fiscal deficit may be decomposed into primary deficit and interest payment. The primary deficit is obtained by deducting interest payments from the
fiscal deficit. Thus, primary deficit is equal to fiscal deficit less interest payments. It indicates the real position of the government finances as it excludes
the interest burden of the loans taken in the past.


10. As of February 2012, How many seats are reserved for Scheduled Castes in Lok Sabha?
[A]74
[B]84
[C]94
[D]104

84
For Scheduled Castes, 84 seats are reserved in Lok Sabha. The 1st schedule to Representation of People Act, 1950 as amended vide Representation of
People (Amendment) Act , 2008 gives the Statewise breakup.


11. As of February 2012, How many seats are reserved for Scheduled Tribes in Lok Sabha?
[A]47
[B]57
[C]67
[D]77

47
For Scheduled Tribes, 47 seats are reserved in Lok Sabha. The 1st schedule to R. P. Act, 1950 as amended vide Representation of People (Amendment)
Act , 2008 gives the Statewise break up.


12. Which among the following is known as Gresham’s Law?
[A]Good Money (if not limited in quantity) drives out bad money out of circulation
[B]Bad Money (if not limited in quantity) drives out Good money out of circulation
[C]Good Money (if limited in quantity) drives out bad money out of circulation
[D]Bad Money (if limited in quantity) drives out Good money out of circulation

Bad Money (if not limited in quantity) drives out Good money out of circulation
Bad Money (if not limited in quantity) drives out Good money out of circulation – This statement was given by Sir Thomas Gresham, the Economic adviser
of Queen Elizabeth. This law states that people always want to hoard Good Money and spend Bad Money when two forms of Money are in circulation at the same time.


13. Which among the following was the first Indian product to have got Protected Geographic Indicator?
[A]Indian Rubber
[B]Basmati Rice
[C]Malabar Coffee
[D]Darjeeling tea

Darjeeling tea


14. A distinguished India-born Professor of Biology at the University of Massachusetts in Boston, will receive the Gunnerus Sustainability Award from the Royal Norwegian Society of Sciences and Letters (DKNVS) at a function in Trondheim, Norway on April 17, 2012.
Identify this personality from the given options:
[A]Kamal Bawa
[B]Pranav Mistry
[C]Birbal Sahni
[D]K. Radhakrishnan

Kamal Bawa
India-born biologist Kamal Bawa


15. Which among the following is correct representation of the Money Multiplier?
[A]Ratio of Broad Money (M3) to Reserved Money (M0) i.e. M3/M0
[B]Ratio of Broad Money (M3) to Narrow Money (M1) i.e. M3/M1
[C]Ratio of Narrow Money (M1) to Broad Money (M3) i.e. M1/M3
[D]Ratio of Narrow Money (M1) to Reserved Money (M0) i.e. M1/M0

Ratio of Broad Money (M3) to Reserved Money (M0) i.e. M3/M0