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    Weekly Bits 10-03-14
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    RBI appointed Financial Stability and Development Council, the purpose of this council is...? Ans : (3)
    1. For Unified Financial regulator 2. To suggest Monetary policy 3. For Financial Stability and Development Council 4. For issuing of new banking licences 5. None

    Explanation: Reserve Bank of India (RBI) on 7 March 2014 announced to set up a committee under the Financial Stability and Development Council (FSDC). The committee would set the guidelines for the banking sector to comply with Basel-III capital norms. The decision was taken at a sub-committee meeting of FSDC. The meeting was chaired by Reserve Bank of India (RBI) Governor Raghuram Rajan.

    The theme of the 2014, International Women's day? Ans : (1)
    1. Inspiring Change 2. She deserves 3. Security and growth 4. Self reliance and self security 5. None

    Explanation: International Women Day is being observed across the world on 8 March 2014. With the theme INSPIRING CHANGE United Nation celebrated the 2014 Women day. International women's day is also called Working women's day.

    At present ICC cricket rankings, name the country, which replaced India, in second position? Ans : (5)
    1. South Africa 2. Newzealand 3. England 4. Srilanka 5. Australia

    Explanation: Australia on 5 March 2014 replaced India at the number two position in the Test team rankings of cricket. This place was achieved by Australia after they defeated South Africa by 245-run in the third and final Test match in Cape Town. In latest ICC rankings, South Africa is in first position.

    Ragala Venkat Rahul, is associated with which sport?Ans : (1)
    1. Weight lifting 2. Chess 3. Tennis 4. Badminton 5. Billiards

    Explanation: Ragala Venkat Rahul is weight lifting champion. He won 2 Gold and 1 Silver on the second day of the 16th Asian Youth Weightlifting Championship on 6 March 2014. The Championship is being held at Bangsean in Thailand.

    64th National Basked ball championship was held at?Ans : (4)
    1. Bangalore 2. Mumbai 3. Kolkata 4. Delhi 5. Hyderabad

    Explanation: The 64th National Basketball Championship concluded on 5 March 2014 at the Thyagaraj Indoor Stadium in New Delhi. In the final, Chhattisgarh won the women's title beating Indian Railways 81-77. The men's title was won by Tamil Nadu. They defeated Punjab 74-57 to win the men's title.

    World dentist day is observed on?Ans : (3)
    1. March 4th 2. March 5th 3. March 6th 4. March 7th 5. March 8th

    Explanation: World Dentist Day is being observed across the world on 6 March 2014. The day is observed every year to raise awareness about dental health. On this day the Indian Dentists Association (IDA) organizes Continuing Medical Education (CME), seminars and workshops to update the dentists about the various developmental programme, which is aimed towards improving the dental health.

    Along with, Lok Sabha elections, in which of the following state/states, elections for respective state legislative elections are being held simultaneously? Ans : (4)
    1. Andhra Pradesh 2. Odisha 3. Sikkim 4. All the above 5. None

    Explanation: The Election Commission of India on 5 March 2014 announced the date of Assembly elections in three states Sikkim, Odisha and Andhra Pradesh. These elections will be held simultaneously with the Lok Sabha polls.

    Who among the following has been in first position in latest ICC One day rankings?Ans : (1)
    1. Virat Kohli 2. Styrus 3. Mahila Jayawardene 4. Shahid Afridi 5. Hashim Amla

    Explanation: Virat Kohli on 9 March 2014 reclaimed the number one position in the ICC Player Rankings for ODI Batsmen. He was able to claim the first position by gaining 12 points during the Asia Cup by scoring 189 runs in three innings with 136 against Bangladesh. He is followed by South African ODI captain AB de Villers, who was at the first position before the Asia Cup.

    Which of the following is the largest non oil trading company for Dubai?Ans : (3)
    1. USA 2. Mauritius 3. India 4. Norway 5. Spain

    Explanation: Report released by Dubai Department of Economic Development on 10 March 2014 marked India as the largest non oil trading partner of Dubai in 2013-14. The bilateral trade between the two countries in 2013-14 crossed 37 billion US dollar, which is 10 percent of the overall trade

    Windham Campbell Prize is associated with?Ans : (4)
    1. Sports 2. Science and Technology 3. Social Service 4. Literature 5. None

    Explanation: Windham Campbell is a literature prize. Indian writer Pankaj Mishra on 9 March 2014 won Windham Campbell Literature Prize 2014 in non-fiction category. Pankaj Mishra is an Indian essayist, memoirist, travel writer and novelist. He won the Windham Campbell Literature Prize in non-fiction category. The award was announced by The Beinecke Rare Book & Manuscript Library at Yale.

    Which of the following article is associated with Election Commission of India?Ans : (1)
    1. 324 2. 224 3. 124 4. 280 5. None

    Explanation: The Election Commission is a constitutional body. It conducts elections for President, Vice president, Parliament of India and also for all legislative bodies of states and Union territories. Present Election Commissioner is EVK Sampath

    In which of the following state, President rule imposed highest number of times?Ans : (5)
    1. Punjab 2. Haryana 3. J & K 4. Asom 5. Manipur

    Explanation: According to Article 356, the centre can impose President rule in a state, if state government violate t he constitution or if no party claims majority in assembly. At present in India, in Delhi and in Andhra Pradesh, president rule is being imposed. In Manipur till now 10 times President rule was imposed

    Graeme Smith announced retirement from cricket, he belongs to which country?Ans : (4)
    1. England 2. Australia 3. Newzealand 4. South Africa 5. None

    Explanation: Graeme Smith, the South African cricket team Captain on 4 March 2014 announced that he will retire from international cricket at the end of the test match against Australia at Newlands. Smith is the longest serving captain for South Africa in international cricket.

    Baggage rules were tightened to curb illegal transport of...?Ans : (2)
    1. Electronic components 2. Gold 3. Cell phones 4. Computers hardware parts 5. None

    Explanation: Union Government of India (Indian Revenue Department) on 6 March 2014 tightened baggage rules for inbound Indian passengers. According to the step, the passengers will have to provide details of source of funds for importing the metal as well as the air tickets. The baggage rule has been tightened to check gold smuggling in the country and to prevent misuse of gold import facility.

    Expand CAD..?Ans : (3)
    1. Capital Account Deficit 2. Current Account Development 3. Current Account Deficit 4. Capital Account Deficit 5. None

    Explanation: CAD stands for Current Account Deficit. Current Account Deficit (CAD) declined to 0.9 percent of Gross Domestic Product (GDP) in Quarter 3 (October - December) of 2013-14. This was revealed by the Report on Developments in India's Balance of Payments released by Reserve Bank of India (RBI) on 5 March 2014. Also, as per the report CAD reached to its lowest in the past eight years.

    Shiela Dixit is the Governor of which of the following state?Ans : (5)
    1. Delhi 2. Haryana 3. Uttarkhand 4. Goa 5. Kerala

    Explanation: President Pranab Mukherjee on 5th March appointed Sheila Dikshit, former Delhi Chief Minister, as Kerala Governor. He also approved a second term for Uttar Pradesh Governor B.L. Joshi.

    For which country, India has given nod for Hydro electric project?Ans : (2)
    1. Nepal 2. Bhutan 3. Bangladesh 4. Srilanka 5. None

    Explanation: India has approved Rs 1,765 crore as the interim cost escalation for Bhutan's Punatshangchu I hydropower project. Prime Minister Manmohan Singh conveyed this to his Bhutanese counterpart Tshering Tobgay when they met 4th March on the sidelines of the 3rd BIMSTEC Summit in Nay Pyi Taw, Myanmar. The approved amount of Rs 1,765 crore would be released in April after the completion of internal procedures within the Government of India, according to a press release from Bhutan.

    Subbaiah Pillai trophy is associated with?Ans : (1)
    1. Cricket 2. Hockey 3. Foot ball 4. Tennis 5. Badminton

    Explanation: Subbaiah Pillai trophy is associated with Cricket. In the recently held championship Tamil Nadu defeated Karnataka, and won the K.S. Subbaiah Pillai Trophy champion on 5th March.

    Nomura Holding is a brokerage company, belongs to which country? Ans : (4)
    1. South Korea 2. North Korea 3. UK 4. Japan 5. None

    Explanation: Nomura holding is a brokerage of Japan. Recently it is in news because it has chosen Chie Shimpo to head its banking arm; She is the first woman in Japan to hold such important job in financial sector

    Right to Education came into force on April 1st.....? Ans : (1)
    1. 2010 2. 2011 3. 2012 4. 2013 5. 2014

    Explanation: The Right of Children to Free and Compulsory Education Act or Right to Education Act (RTE), is an Indian legislation enacted by theParliament of India on 4 August 2009. India became one of 135 countries to make education a fundamental right of every child when the act came into force on 1 April 2010. Recently this is in news because the Centre on 6th March maintained in the Supreme Court that the 93rd amendment, inserting clause 5 in Article 15, to provide reservation for weaker sections in private unaided educational institutions did not violate the basic structure of the Constitution

    According to annual health survey, in how many states Infant and maternal mortality were dropped? Ans : (3)
    1. 7 2. 8 3. 9 4. 10 5. 11

    Explanation: Infant and maternal mortality rates dropped significantly in nine states, which account for half the country's population, the disparity between these rates in urban and rural areas as well as between different states hasn't decreased, according to the Annual Health Survey(2012-13) released by the Office of Registrar General & Census Commissioner. These nine states are Jharkhand, Uttrakhand, Chhattisgarh, Bihar, Rajasthan, Assam, Odisha, Madhya Pradesh (MP) and Uttar Pradesh (UP).

    Childhood mortality is the death of a child before the child's? Ans : (5)
    1. 1st birthday 2. 2nd birthday 3. 3rd birthday 4. 4th birthday
    5.5th birthday

    Explanation: Infant mortality is the death of a child less than one year of age, while Childhood mortality is the death of a child before the child's fifth birthday. National statistics tend to group these two mortality rates together. Globally, ten million infants and children die each year before their fifth birthday; 99% of these deaths occur in developing nations. Infant mortality takes away society's potential physical, social, and human capital.

    According to India Ratings and Research, the GDP growth rate of India in next fiscal?Ans : (1)
    1. 5.6% 2. 4.6% 3. 8% 4. 7.6% 5. 6%

    Explanation: The economy is likely to grow 5.6 per cent in the next fiscal, India Ratings and Research has said. This is lower than the Government's estimate of 6 per cent. IMF has projected a growth rate of 5.4 per cent while NCAER says it will be 5.6 per cent. The World Bank has given most optimistic estimate of 6 per cent. Growth in 2013-14 is estimated at 4.9 per cent.

    Special Drawing Rights will be issued by?Ans : (3)
    1. World Bank 2. IBRD 3. IMF 4. Swiss Bank 5. None

    Explanation: The Special Drawing Right (SDR) is an interest-bearing international reserve asset created by the IMF in 1969 to supplement other reserve assets of member countries. The Reserve Bank of India (RBI) has sold special drawing rights (SDRs) to the International Monetary Fund (IMF) for interim payment to the government for meeting the fiscal deficit target of 4.8 per cent of GDP in the current financial year

    Which two nations have joined Indian Ocean trilateral group?Ans : (1)
    1. Mauritius, Seychells 2. Srilanka, Maldives 3. Mauritius, Maldives 4. Vietnam, Seychells 5. None

    Explanation: Mauritius and Seychelles will soon join the Indian Ocean trilateral group on maritime security. After the third meeting, in recent times of the trilateral -which includes India, Sri Lanka and Maldives - NSA Shivshankar Menon said the informal grouping now has a system to monitor activities in the Indian Ocean, conduct search and rescue operations and counter piracy among other things