*Please enter your details in the Enquiry form

  Name :

  Mobile :

  Email :


  • Age Calculator

    Your Date of Birth
    Age as on
    Your Age

    Weekly Bits 30-7-14
    (click on plus symbol to view explanation)

    1) Which country has decided to enhance transparency of its nuclear infrastructure by ratifying an Additional Protocol with the International Atomic Energy Agency (IAEA ) Ans : (2)
    1. Srilanka 2. India 3. Australia 4. USA 5. Nepal

    Explanation:India has decided to enhance transparency of its nuclear infrastructure by ratifying an Additional Protocol with the International Atomic Energy Agency (IAEA) — a step that in a single stroke can be leveraged to boost energy security and lift international confidence.
    The new government has decided to go ahead with the ratification process, clearing the decks for large imports of nuclear technology, boosting power generation and other civilian purposes.
    The Additional Protocol will cover only those facilities which are monitored by the IAEA, and will have no bearing on the non-safeguarded facilities which are used for building weapons.
    The new arrangement would also facilitate regular entry and exit of the IAEA personnel by providing them with multi-entry visas, apart from guaranteeing “free communication” generated by the surveillance or measurement devices of the IAEA that are already in place in facilities that are under international safeguards. IAEA
    The International Atomic Energy Agency (IAEA) is an international organization that seeks to promote the peaceful use of nuclear energy, and to inhibit its use for any military purpose, including nuclear weapons. The IAEA was established as an autonomous organization on 29 July 1957. Though established independently of the United Nations through its own international treaty, the IAEA Statute, the IAEA reports to both the United Nations General Assembly and Security Council.
    The IAEA has its headquarters in Vienna, Austria. The IAEA has two "Regional Safeguards Offices" which are located in Toronto, Canada, and in Tokyo, Japan. The IAEA also has two liaison offices which are located in New York City, United States, and in Geneva, Switzerland. In addition, the IAEA has three laboratories located in Vienna and Seibersdorf, Austria, and in Monaco.
    The IAEA serves as an intergovernmental forum for scientific and technical cooperation in the peaceful use of nuclear technology and nuclear power worldwide. The programs of the IAEA encourage the development of the peaceful applications of nuclear technology, provide international safeguards against misuse of nuclear technology and nuclear materials, and promote nuclear safety (includingradiation protection) and nuclear security standards and their implementation.

    2) Which country has prepared a list of Indians holding accounts in various Swiss banks in the name of trusts or other entities and is sharing the same with India? Ans: (3)
    1. USA 2. Canada 3. Switzerland 4. Malaysia 5. Nepal

    Explanation: The development has come as a shot in the arm for the government which set into motion a special investigation team (SIT) to probe black money stashed abroad as its first decision after it came to power. Government sources said the list would help in prosecution of offenders and bringing the estimated billions of dollars stashed abroad.
    Until now, all information that India has got about money stashed abroad by Indians has been through leaked lists of account holders shared by countries other than Switzerland.
    Swiss authorities are identifying the real owners of funds held in various banks in Switzerland OTHER POINTS
     The development comes close on the heels of Switzerland disclosing fresh data on money stashed by Indians in its banks. The latest data released by Switzerland's central banking authority Swiss National Bank (SNB) shows that Indian money in Swiss banks rose 43% during 2013 to close to 2.03 billion Swiss francs (Rs 14,000 crore), pushing its global ranking up from 70 at the end of 2012 to 58 , but it accounts for a meagre 0.15 per cent of an estimated $1.6 trillion total global wealth held in Switzerland’s banking system.
     The U.K. has retained its top position with highest share of close to 20 per cent of global wealth in Swiss banking system, followed by the U.S., West Indies, Germany and Guernsey in the top-five in terms of exposure to banks in Switzerland.
     The rankings are based on the direct client exposure as also the funds held through ‘fiduciaries’ or wealth managers with a total of 283 banks in Switzerland.
     India now ranks higher than Pakistan, whose position has slipped from 69th earlier to 74th now, as its total exposure to Swiss banks declined from 1.44 billion Swiss francs at the end of 2012 to 1.23 billion Swiss francs in 2013.

    3) The Rani-ki-Vav (the Queen’s Stepwell) located in which state has been inscribed in the UNESCO’sWorld Heritage List on 22nd June? Ans:(3)
    1. Rajasthan 2. Bihar 3. Gujarath 4. Goa 5. Uttar Pradesh

    Explanation: Three other cultural site Namhansanseong (Republic of Korea), The Grand Canal (China), Silk Roads: the Routes Network of Chang’an-Tianshan Corridor (China, Kazakhstan, Kyrgyzstan) have also been included in the list of World Heritage sites. With today’s inscriptions, the total number of sites on the World Heritage List has climbed to 992.
    The Rani-ki-Vav (the Queen’s Stepwell) is located on the banks of the Saraswati river and was initially built as a memorial to a king in the 11th century AD. Queen Udayamati commissioned this stepwell, in 1063 A D in the memory of her husband King Bhimdev I of the Solanki dynasty. The vav was excavated in late 1980s by the Archeological Survey of India (ASI), with the carvings found in pristine condition. Rani Ki Vav is amongst the finest stepwells in India, and one of the most famous legacies of the ancient capital city.

    4) To avoid delays in large-scale projects, such as industrial corridors and national highways, the Commerce and Industry Ministry has proposed that Government-led infrastructure projects be kept out of the ambit of which act? Ans: (1)
    1. New Land Acquisition act 2. New Project act 3. New Commerce & Industry Act 4. New Infrastructure Act 5. None

    Explanation: The Department of Industrial Policy and Promotion, in a submission to the Rural Development Ministry, has said that provisions such as mandatory consent of project-affected people for land acquisition should not apply to infrastructure projects where the Government has a stake.
    The new legislation — the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act — makes it mandatory for developers to obtain the consent of 70 per cent of the people whose land will be acquired for Public-Private Partnership projects.

    5) The Great Himalayan National Park Conservation Area (GHNPCA) in Himachal Pradesh, India's richest biodiversity spot in the western Himalayas, on 23rd June got which tag of a World Heritage site Ans:(2)
    1. UNO 2. UNESCO 3. WJHO 4. WHO 5. NATCO

    Explanation: The World Heritage Committee, which met in Doha, Qatar, included GHNPCA in the World Heritage Natural Site List. It was India's lone entry. Earlier, the Unesco added Rani ki Vav in Gujarat's Patan town to the list of World Heritage sites. With the inclusion of both the wildlife sanctuaries in the GHNP, the total area, known as Great Himalayan National Park Conservation Area (GHNPCA), spreads over 905 sq km. Formally declared a national park in 1999, the area stretches from 1,800 metres to 5,200 metres in altitude with a major part of the GHNPCA lying above 4,000 metres.
    The United Nations Educational, Scientific and Cultural Organization is a specialized agency of the United Nations (UN). Its purpose is to contribute to peace and security by promoting international collaboration through education, science, and culture in order to further universal respect for justice, the rule of law, and human rights along with fundamental freedom proclaimed in the UN Charter. It is the heir of the League of Nations' International Commission on Intellectual Cooperation.UNESCO has 195 member states and nine associate members. Unesco formed on 4th November, 1946. Head quarters is at Paris, at present head is Irina Bokovo.

    6) According to RBI, How much day period for issue of in-principle approval for private bank licences would commence from the day the report of an independent external advisory committee was received Ans:(2)
    1. 80 2. 90 3. 70 4. 60 6. 50

    Explanation: To improve the response time, RBI on 23rd June fixed schedules for various regulatory approvals, including grant of private bank licences. It also released a citizens' charter for services such as clearing of transactions. The steps are part of implementing the non-legislative recommendations of the Financial Sector Legislative Reforms Commission (FSLRC).
    According to the citizens' charter for RBI departments that interact with the public, the deposit accounts department should issue cheque books within 20 minutes, while demand drafts should be issued within an hour. Refinance facility and disbursement of loans should be carried out on the day an application in this regard is received, while clearing should be completed in three days.
    Timelines have also been fixed for in-principle approval to banks for initial public offerings, preferential issue of capital and qualified institutional placements (30 days) and authorisation for import of gold and silver (60 days).
    According to an FSLRC recommendation, all regulators have to shift to a time-defined approval process, subject to applicable laws, for all permissions, including licences for business and launch of products and services.
    The Financial Sector Legislative Reforms Commission (FSLRC) is a body set up by the Government of India, Ministry of Finance, on 24 March 2011, to review and rewrite the legal-institutional architecture of the Indian financial sector. This Commission is chaired by a former Judge of the Supreme Court of India, Justice B. N. Srikrishna and has an eclectic mix of expert members drawn from the fields of finance, economics, public administration, law etc. Complete details about the Commission are available at their official webpage.
    Based on substantive research, extensive deliberations in the Commission and in its Working Groups, interaction with policy makers, regulators, experts and stakeholders; the Commission has evolved a tentative framework on the legal–institutional structure required for the Indian financial sector in the medium to the long run. The broad contour of that framework is outlined in the Approach Paper released by the Commission on 4 October 2012.
    Based on further feedback on the proposals from stakeholders and deliberations thereon, the FSLRC proposes to complete its Report by March 2013.

    7) On which Day Switzerland decided to relax a key legislation to make it easier to extend help to foreign countries, including India, probing cases of suspected tax crimes? Ans:(2)
    1. 22ndJune 2. 23rd June 3. 24th June 4. 25th June 5. 26th June

    Explanation: The proposed revision in Switzerland's Tax Administrative Assistance Act would do away with an existing requirement where all individuals are given prior information before any details about them are shared with a foreign jurisdiction for alleged tax crimes. Besides, the amendment will make it easier for Swiss authorities to extend help in matters related to 'group requests.'
    The revised Act would help India and many other countries who find it difficult to get information from Swiss authorities while probing cases of alleged tax evasion through foreign shores including Switzerland.
    In a statement issued from Bern, the Federal Council of Switzerland said that it has "resolved to bring the revised Tax Administrative Assistance Act into force on August 1, 2014."
    The Swiss government further said no referendum has been called against the bill as yet and the referendum deadline will expire on July 10, 2014.
    The amendment includes a new provision that envisages a procedure with, in exceptional cases, deferred notification of persons entitled to appeal, as well as more precise specifications regarding group requests.
    The revision makes provision for affected persons to be notified only after information has been disclosed to the requesting state's authorities in urgent cases -- or the cases when prior notification would compromise the investigation.
    Besides, the revised Act would also make it easier for Swiss authorities to provide 'administrative assistance' to foreign countries in cases of 'group requests'. While requests for individual cases are handled in a relatively effective manner, the existing rules in Switzerland put some restrictions on assistance in 'group requests' or cases where help is sought by foreign countries for a group of persons or a group of related cases together.

    8) Which country premium luxury goods brand East India Company has issued an exclusive legal tender gold coin in honour of Indian cricket legend Sachin Tendulkar? Ans:(1)
    1. Britain 2. England 3. France 4. Russia 5. USA

    Explanation: Britain's premium luxury goods brand East India Company has issued an exclusive legal tender gold coin worth 12,000 pound sterling in honour of Indian cricket legend Sachin Tendulkar. The rare coin has been issued in honour of Tendulkar's remarkable career spanning 24 years. The issue of a 'legal tender' coin is an official mark of distinction given to individuals who have accomplished great achievements in human history. The design of the coin has been handcrafted in great detail by one of the world's most renowned coin designers Joaquin Jimenez, currently the chief Engraver at Monnaie de Paris.

    9) An initiative conceptualised by Indian government’s Department of Electronics and Information Technology to enable delivery of public services electronically through the mobile platform has been awarded. What is that Award? Ans:(1)
    1. United nations Public Service award 2. UNESCO Service award 3. WHO Service Award 4. NATCO Service Award 5. HATCO Award

    Explanation: Mobile Seva, a nationwide initiative conceptualised, funded and implemented by the Department of Electronics and Information Technology, is among the second-place winners of the 2014 UN Public Service Awards, along with Bahrain, Brazil, Cameroon, Republic of Korea and Spain.
    The vision of Mobile Seva is to mainstream mobile governance in India as a new paradigm for e-delivery of public services through mobile devices. It leverages the massive penetration of mobile phones in India to substantially enhance access to electronic services, especially in the rural areas.
    The main objectives of the initiative are to be a one-stop solution for all mobile-based public service delivery needs through mobile-based channels, including SMS, voice/Integrated Voice Response System and mobile applications, a statement said.
    The first place winners are Austria, Bahrain, Brazil, Morocco, Oman, Republic of Korea, Singapore, South Africa, Thailand, Turkey, Uruguay. Winners from 14 countries will be honoured for their innovative projects in fighting poverty and promoting sustainable development at a ceremony on June 26 in Seoul.
    Department of Electronics and Information Technology
    The Department of Electronics and Information Technology (DeitY) comes under The Indian Ministry of Communications and Information Technology. Previously known as The Department of Information Technology, in 2012 it was renamed to The Department of Electronics and Information Technology.

    10) India’s foreign direct investment (FDI) inflows increased how much per cent in 2013 Ans:(2)
    1. 16% 2. 17% 3. 18% 4. 19% 5. 20%

    Explanation: India drew $28 billion foreign direct investment (FDI) in 2013 against $24 billion in the previous year, shows a report for 2014 by the United Nations Conference on Trade and Development. However, its ranking in terms of most-favoured FDI destination slipped by a notch compared to the one given in the report for 2013
    Though in terms of its ranking in drawing FDI inflows improved a notch to 14th in 2013 compared to 2012, its position in terms of the most-favoured FDI destination took a beating to the fourth in the report for 2014 against third in the 2013 report.
    An Unctad report shows a survey of companies ranking countries in terms of most-favoured FDI destination for three years. As such, the report for 2014 shows the ranking for 2014-16 and the one for 2013 shows the ranking for 2013-15. The survey in the 2014 report was based on the responses of 164 companies.
    India used to be the second most attractive FDI destination till 2008-10 after China (the 2008 report), but its ranking slipped since then, said FDI researcher Premila Nazareth, who made a presentation at the release of the report.
    After the 2008 survey, India's ranking came down and it was positioned at the third destination for 2009-11 (the 2009 report). It again came up at the second position in the 2010 report, but again slipped to the third position in the 2011 report. In the 2012 report, India's position fell to the seventh but improved to the third position in the 2013 report. It should be noted that retrospective amendments to the Income Tax Act in 2012 drew flak from investors.
    At the global level, the Unctad report projected FDI flows to rise to $1.6 trillion in 2014 from 1.45 trillion in the previous year. The report pegged FDI flows to further increase to $1.75 trillion in 2015 and $1.85 trillion in 2016. Nazareth said even the projected FDI inflow in 2016 is way down than $2 trillion in 2007. OTHER IMPORTANT POINTS
     India’s foreign direct investment (FDI) inflows increased 17 per cent in 2013
     The country’s FDI inflow had fallen sharply from $36.19 billion in 2011 to $24.19 billion in 2012.
     According to the report, global FDI flows rose by 9 per cent to $1.45 trillion in 2013. The total inflow to developing Asia (excluding West Asia) was $382 billion in 2013, which was 4 per cent higher than 2012.
     However, at current levels of investment in the sustainable development of goal-relevant sectors, developing countries face an annual gap of $2.5 trillion.
     For basic infrastructure, food security, climate change mitigation and adaptation, health and education, estimates for total investment needs in developing countries alone range from $3.3 trillion to $4.5 trillion per year, the report said, which was released on 24th June.
     Projections by UNCTAD suggest that global FDI flows will rise to $1.6 trillion in 2014, $1.75 trillion in 2015 and $1.85 trillion in 2016, driven mainly by investments in developed economies. What are FDI?
    Foreign direct investment (FDI) is a direct investment into production or business in a country by an individual or company of another country, either by buying a company in the target country or by expanding operations of an existing business in that country. Foreign direct investment is in contrast to portfolio investment which is a passive investment in the securities of another country such as stocks and bonds.

    11) The Reserve Bank has allowed commercial banks to appoint non-banking financial companies (NBFCs) as………….. Ans:(1)
    1. Bussiness Correspondents 2. Financial correspondents 3. Transaction Correspondents 4. Commercial Correspondents 5. None

    Explanation: The Reserve Bank has allowed commercial banks to appoint non-banking financial companies (NBFCs) as business correspondents (BCs). Only non-deposit-taking NBFCs will be eligible to act as banks’ BCs, RBI said. It also did away with a rule that made it compulsory for banks to attach each outlet and sub-agent of a BC to a specific branch. Earlier, banks had to assign BC outlets to a branch within 30 km in case of semi-urban and rural areas and five km for metropolitan regions. This was aimed at ensuring adequate supervision for BCs.
    On 24th March, RBI said it had decided to remove the stipulation to provide operational flexibility to banks, as technological developments had made oversight easy.
    The review of norms to appoint BCs follows recommendations of a committee headed by RBI board member Nachiket Mor. The committee had suggested steps to accelerate flow of credit to those at the bottom of the pyramid and enlarge catchment areas of BCs. In its bi-monthly review of monetary policy, RBI had said it was considering the recommendations of the Mor committee.
     Business correspondents are bank representatives.
     They help villagers to open bank accounts.
     They help villagers in banking transactions. (deposit money, take money out of savings account, loans etc.)
     The Business Correspondent carries a mobile device.
     The villager gives his thumb impression or electronic signature, and get the money.
     Business Correspondents get commission from bank for every new account opened, every transection made via them, every loan-application processed etc
     Create awareness about savings.
     Give advice to villagers, about how to save/invest money and how to arrange/manage loans.
     Help the villagers to open bank accounts.
     Collect loan applications, forward them to bank.
     Preliminary processing of loan applications for example: verification of person’s identity, home-address etc.
     Help the Self Help Groups (SHG), to get loans.
     Help the bank to collect EMIs and recover loan money.

    12) The UNESCO World Heritage Committee has been considering new sites at a meeting in which place since June 15? Ans:(3)
    1. Doha 2. Abu Dhabi 3. Qatar 4. Saudi 5. Syria

    Explanation: More than 1000 new sites were added to t he Unesco heritage list. The UNESCO World Heritage Committee has been considering new sites at a meeting in Qatar since June 15.
    New World Heritage Sites include the earthen remains of a Louisiana civilization dating back to 3700 B.C., Myanmar's Pyu ancient cities (Myanmar's first-ever site), and evidence of the end of the age of dinosaurs at the cliffs of Stevns Klint in Denmark.
    Trading routes that crossed modern borders across South America and Asia were also inscribed on the list. The Qhapac Nan, the Andean road system, runs through Argentina, Bolivia, Chile, Colombia, Ecuador and Peru. A 5,000-kilometer section of the Silk Roads known as the routes network of Chang'an-Tianshan Corridor crosses through China, Kazakhstan and Kyrgyzstan.
    Other new sites include the Okavango Delta (Botswana); the Grotte Chauvet-Pont d'Arc (France); Rani-ki-Vav (India); Caves of Maresha and Bet Guvrin in the Judean Lowlands (Israel); the vineyard landscape of Piedmont: Langhe-Roero and Monferrato (Italy); Namhansanseong emergency capital city (South Korea); and Saudi Arabia's historic Jedda, the Gate to Makkah.
    UNESCO has been gradually adding to the World Heritage List since 1978.
    The West Bank village of Battir, a few miles outside Bethlehem, was named to the World Heritage List, and at the same time, it was added to another UNESCO list for sites in danger.

    13) Which country scientists on 24th June unveiled an android? Ans:(1)
    1. Japan 2. China 3. Srilanka 4. India 5. Australia

    Explanation: :- according to them it is the world's first news-reading android. The adolescent-looking "Kodomoroid" - an amalgamation of the Japanese word "kodomo" (child) and "android" - delivered news of an earthquake and an FBI raid to amazed reporters in Tokyo.

    14) Ashwini Kumar tendered his resignation. He is the governor of which state? Ans:(2)
    1. Tripura 2. Nagaland 3. Mizoram 4. Meghalaya 5. Manipur

    Explanation: Nagaland Governor Ashwani Kumar tendered his resignation. A former CBI director, Kumar took charge as Nagaland Governor in March 2013 and also held the position of Manipur Governor between July 29, 2013 and December 23, 2013.
    The governors and lieutenant-governors of the states and union territories of India have similar powers and functions at the state level as that of the President of India at Union level. Governors exist in the states while lieutenant-governors exist in union territories and in the National Capital Territory of Delhi. The governor acts as the nominal head whereas the real power lies in the hand of the chief ministers of the states and the chief minister's Council of Ministers.
    In India, a lieutenant governor is in charge of a Union Territory. However the rank is present only in the union territories of Andaman and Nicobar Islands, Delhi and Puducherry(the other territories have an administrator appointed, who is an IAS officer). Lieutenant-governors hold the same rank as a governor of a state in the list of precedence. The governors and lieutenant-governors are appointed by the president for a term of 5 years.

    15) President Pranab Mukherjee on which day appointed the Chief Justices of Calcutta and Orissa High Courts, Arun Mishra and Adarsh Kumar Goel respectively, and senior lawyer Rohinton Nariman as Supreme Court judges? Ans:(2)
    1. 26th June 2. 25th June 3. 24th June 4. 23th June 5. 21th June

    Explanation: President Pranab Mukherjee on 25th June appointed the Chief Justices of Calcutta and Orissa High Courts, Arun Mishra and Adarsh Kumar Goel respectively, and senior lawyer Rohinton Nariman as Supreme Court judges.
    Gopal Subramanium opted out of being considered for appointment as Supreme Court judge. His name had been recommended for appointment to the Supreme Court bench by its collegium along with three others, Chief Justices of Calcutta and Odisha High Courts Arun Mishra and Adarsh Kumar Goyal respectively and senior advocate Rohinton Nariman.

    16) The Cabinet on 25th June approved in principle a memorandum of understanding (MoU) between India and which country for setting up industrial parks in the country? Ans:(3)
    1. Japan 2. USA 3. China 4. Srilanka 5. Pakistan

    Explanation: Under the memorandum, China is likely to set up industrial parks in three states of India in UP, Haryana and Andhra Pradesh. India-China trade has reached USD 49.5 billion with 8.7 percent share in India's total trade, while the US comes second at USD 46 billion with 8.1 percent share and the UAE third at USD 45.4 billion with 8 percent share during the first nine months of the current fiscal, the study also revealed.

    17) Who among the following has been confirmed as chairman of the International Cricket Council (ICC)? Ans:(2)
    1. Srinathan 2. Srinivasan 3. Swaminathan 4. Shrigopan 5. Madhusudan

    Explanation: N Srinivasan, the BCCI president, has been confirmed as chairman of the International Cricket Council (ICC) after the 52-member Full Council approved amendments to the ICC's Memorandum and Articles of Association at the Annual Conference in Melbourne. The Annual Conference also saw former Bangladesh Cricket Board chief and ICC vice-president Mustafa Kamal become the ICC's 11th president.

    18) Indian-origin Peeyush Gupta was on 26th January appointed non-executive director of which bank? Ans:(1)
    1. National Australia Bank 2. Axis Bank 3. Reserve bank 4. HSBC 5. HDFC

    Explanation: Indian-origin Peeyush Gupta was on 26th January appointed non-executive director of National Australia Bank (NAB), one of the largest financial institutions in Australia. Gupta is currently a non-executive director of NAB subsidiary National Wealth Management Holdings, and will start on the new role on November 5, 2014. He will replace Geoff Tomlinson, who retires in December. The new appointment was made by NAB Chairman, Michael Chaney.
    Gupta was a co-founder and first CEO of IPAC Securities, a wealth management firm spanning financial advice and institutional portfolio management, which was acquired by AXA.
    In addition to wide-ranging wealth management experience, he also has extensive corporate governance experience, having served as director on the trustee and responsible entity boards since the 1990s and as director on multiple profit and not-for-profit boards.
    Gupta holds an MBA in Finance and is an alumnus of Harvard Business School, London Business School and Australian Graduate School of Management.
    National Australia Bank is one of the four largest financial institutions in Australia in terms of market capitalisation and customers. NAB is ranked 17th largest bank in the world measured by market capitalisation. It operates across 10 countries serving 8.3 million consumer and business banking customers and over 2.3 million wealth management customers.

    19) Union Minister of state for commerce and industry Nirmala Sitaraman was unanimously elected to Rajya Sabha from which assembly? Ans:(1)
    1. Andhra Pradesh 2. Uttar Pradesh 3. Orissa 4. Assam 5. Bihar

    Explanation: Union Minister of state for commerce and industry Nirmala Sitaraman was unanimously elected to Rajya Sabha from Andhra Pradesh assembly. She was fielded for the seat vacated due to the death of former Chief Minister N Janardhan Reddy.

    20) Tehzibul Akhlaq, one of the oldest periodicals in India launched in which year? Ans:(2)
    1. 1877 2. 1870 3. 1899 4. 1998 5. 1880

    Explanation: Tehzibul Akhlaq, one of the oldest periodicals in India launched in 1870 by Aligarh Muslim University (AMU) founder Sir Syed Ahmad Khan, has started its online edition. The magazine carries articles on social, cultural and religious issues in line with Sir Syed's emphasis on reform.

    21) The Centre on 26th June extended by how many months the deadline by which States should roll out the National Food Security Act that provides for distribution of concessional foodgrains to 75 per cent of identified beneficiaries. Ans:(3)
    1. 1 2. 2 3. 3 4. 4 5. 5

    Explanation: Under the Act, States were given time till July 4 to implement the Act but so far only five states have begun to roll out the scheme while six others are “in the process.”
    Union Food and Consumer Affairs Minister Ram Vilas Paswan said it was mandatory for the government to announce an extension of the scheme under the Act.
    The National Food Security Act, 2013 (also Right to Food Act) is an Act of the Parliament of India which aims to provide subsidized food grains to approximately two thirds of India's 1.2 billion people. It was signed into law September 12, 2013, retroactive to July 5, 2013. Under the provisions of the bill, beneficiaries are to be able to purchase 5 kilograms per eligible person per month of cereals at the following prices:
     rice at Rs 3 per kg
     wheat at Rs 2 per kg
     coarse grains (millet) at Rs 1 per kg.
    Pregnant women, lactating mothers, and certain categories of children are eligible for daily free meals. The bill has been highly controversial. It was introduced into India's parliament in December 2012, promulgated as a presidential ordinance on July 5, 2013, and enacted into law in August 2013.

    22) A classification used by financial institutions that refer to loans that are in jeopardy of default. Once the borrower has failed to make interest or principal payments for 90 days the loan is considered to be a …….Ans:(1)
    1. NPA 2. PPA 3. SPA 4. APA 5. MPA

    Explanation: A sharp rise in sales of bad loans by banks to asset reconstruction companies (ARCs) has made the Reserve Bank of India put under its scanner the practices adopted by both.
    The regulator suspects banks could be using the option of issuing securities receipts (SRs) to ARCs to evergreen their balance sheets. There is a spurt in the activities of ARCs, driven by banks' efforts on the latter. It calls for a closer look at the extant arrangements between ARCs and banks, RBI said in its financial stability report
    A classification used by financial institutions that refer to loans that are in jeopardy of default. Once the borrower has failed to make interest or principal payments for 90 days the loan is considered to be a non-performing asset.

    23) A new biochip sensor that can selectively measure glucose concentrations in a complex fluid has been developed by scientists at Brown University in which country?Ans:(1)
    1. USA 2. Canada 3. Belgium 4. Brazil 5. London

    Explanation: A new biochip sensor that can selectively measure glucose concentrations in a complex fluid like saliva has been developed by scientists at Brown University in the US. It is an important breakthrough towards developing a device that would enable people with diabetes to check their glucose levels without drawing blood.
    Developers of the device have used a series of specific chemical reactions combined with plasmonic interferometry, a means of detecting chemical signature of compounds using light. The device is sensitive enough to sense variations in glucose concentrations that amount to just a few thousand molecules in the sampled volume.

    24) World’s largest international maritime exercise named RIMPAC 2014 began on ? Ans:(2)
    1. June 25 2. June 26 3. June 27 4. June 28 5. June 29

    Explanation: World’s largest international maritime exercise named RIMPAC 2014 began on June 26. The mega drill will see participation of navies from 23 countries. The United States has sent the biggest fleet, followed by China.
    This is China’s first active participation at RIMPAC. China is also likely to join drills against non-traditional security threats.
    RIMPAC 2014 is the 24th naval exercise in the series and will commence from June 26 to August 1. The 23 nations participating in this year’s edition of RIMPAC are the United States, Australia, Brunei, Canada, Chile, China, Colombia,France, India, Malaysia, Indonesia, Japan, Mexico, Netherlands, New Zealand, Singapore, Peru, Norway, the Philippines, South Korea,Thailand, Tonga, and the United Kingdom.
    RIMPAC, the Rim of the Pacific Exercise, is the world’s largest international maritime warfare exercise. RIMPAC is held biennially during June and July of even-numbered years from Honolulu, Hawaii. It is hosted and administered by the United States Navy’s Pacific Fleet, headquartered at Pearl Harbor, in conjunction with the Marine Corps, the Coast Guard, and Hawaii National Guard forces under the control of the Governor of Hawaii. The US invites military forces from the Pacific Rim and beyond to participate. The theme for RIMPAC 2014 exercise is “Capable, Adaptive Partners.”

    25) The Indian government extended the ban on imports of milk and its products fromChina till ..? Ans:(3)
    1. June 2016 2. June 2017 3. June 2015 4. July 2015 5. July 2016

    Explanation: The Indian government extended the ban on imports of milk and its products fromChina till June 2015. With this the ban on import of milk and milk products (including chocolates and chocolate products and candies/ confectionery/ food preparations with milk or milk solids as an ingredient) from China is extended for one more year.
    The ban, first imposed in September 2008 due to presence of melamine, used for making plastics and fertilizer, was to expire on June 23, 2014. Though India does not import milk products from China but the ban has been imposed as apreventive measure.
    India is the world’s largest producer and consumer of milk. Milk production in India is estimated to have increased by 6% to about 140 million tonnes in 2013-14 from 132.4 million tonnes during the fiscal 2012-13. Uttar Pradesh is the largest producer of milk in India, followed by Rajasthan andGujarat. The per capita consumption was highest in Punjab followed by Haryana in fiscal 2013-14.