Current Affairs July 2012 (1-7)

Current Affairs July 2012 (1-7)

1. Which among the following is the main source of import of Liquefied Natural Gas for India?

[A]Nigeria
[B]Saudi Arabia
[C]Qatar
[D]Oman

2. The handheld computer called the Nexus 7 has been recently released by ?

[A]Microsoft
[B]Apple
[C]IBM
[D]Google

3. Which among the following countries is the world’s biggest producer of Cocoa, as it was recently making news because about 89 per cent of children in this country were involved in growing cocoa, violating Child Labour Norms?

[A]Ghana
[B]Ethiopia
[C]Ivory Coast
[D]Guinea

4. Sushil Muhnot is the Chairman and MD of ___?

[A]NABARD
[B]SIDBI
[C]EXIM Bank
[D]IDBI

5. Who among the following is the only woman to win a Nobel Prize for Economics?

[A]Carmen Reinhart
[B]Janet Currie
[C]Esther Duflo
[D]Elinor Ostrom

6. The term 'GNP' includes value of all goods and services that are produced___

[A]Within National Territory
[B]By nationally owned resources worldwide
[C]By foreign Owned resources as well national resources within national boundary
[D]None of the above

7. Mohamed Mursi is the new president of ___?

[A]Egypt
[B]Tunisia
[C]Sudan
[D]South Sudan

8. Who among the following is the first president of India declared elected as President without a contest?

[A]V V Giri
[B]Neelam Sanjeeva Reddy
[C]Shankar Dayal Sharma
[D]APJ Abdul Kalam

Neelam Sanjeeva Reddy
In 1977 — for the seventh Presidential election — 37 candidates filed their nominations. On scrutiny, the Returning Officer rejected the nominations filed
by 36 candidates. Only one nominated candidate, Neelam Sanjeeva Reddy, remained in the field who was declared elected unopposed. This was the first
time when a candidate was declared elected as President of India without a contest

9. Which among the following states of India has recently started a new experiment to link the PDS (Public Distribution System) services to the smart card of Rashtriya Swasthya Bima Yojana (RSBY), to check the leakages in the PDS System?
[A]Tamil Nadu
[B]Chhattisgarh
[C]Bihar
[D]Gujarat

10. Los Cabos, where recent G-20 summit was held is located in ___?

[A]Brazil
[B]Mexico
[C]Belize
[D]Argentina


11. From July 1, 2012, which among the following countries has introduced the controversial carbon tax which makes around 300 businesses to pay $23 for every tonne of carbon emission they produce?

[A]Canada
[B]Mexico
[C]Australia
[D]New Zealand

12. Which among the following neighbouring country of India has a one party politics / regime?

[A]Bangladesh
[B]Nepal
[C]China
[D]Pakistan

13. In India, the e-filing for Income tax returns is compulsory for the persons and entities which have an income of more than___?

[A]5 Lakh
[B]10 Lakh
[C]15 Lakh
[D]20 Lakh

14. Recently, the Government sector banks have urged the Reserve Bank of India (RBI) to consider perpetual non-cumulative preference shares (PNCPS) as part of their core Tier-I capital under Basel-III norms. The features of the PNCPS are:
1. They have no redemption dates
2. They have no voting rights
Which among the above is / are correct?
[A]Only 1
[B]Only 2
[C]Both 1 & 2
[D]Neither 1 nor 2

PNCPS is a preference share that has no redemption date and voting rights. The claims of the investors in PNCPS will be senior to the claims of
investors in equity shares and subordinate to the claims of all other creditors and depositors.

15. Now a days, we read in the newspapers that many banks have revised the deposit rates downwards on FCNR accounts with maturity of two to five years. The FCNR Accounts refer to ___?
[A]Foreign Currency Non-Resident Account
[B]Foreign Currency Non-Reserve Account
[C]Foreign Cumulative Non-Resident Account
[D]Foreign Company Non-Resident Account

16. Which among the following banks of India has recently announced formation of an Indian Mortgage Guarantee Company, India's first mortgage guarantee entity?

[A]State Bank of India
[B]ICICI
[C]National Housing Bank
[D]HDFC

The National Housing Bank (NHB) has announced formation of an Indian Mortgage Guarantee Company, a joint venture with US-based financial security
company Genworth, the Asian Development Bank and the International Finance Corporation. This is the first mortgage guarantee company in India. Its
aim is to offer credit risk coverage in the form of guarantees to housing finance companies and banks in case of borrowers defaulting. This would help
mortgage lenders avoid piling bad debts in their books.

17. Who among the following leads National Advisory Council (NAC)?
[A]Manmohan Singh
[B]Sonia Gandhi
[C]Montek Singh Ahluwalia
[D]P Chidambaram

18. Recently, a high-level committee has suggested an alternative route, other than cutting through the mythological Ram Sethu, for the controversial Sethusamudram project is not economically and ecologically feasible. Who heads this panel?

[A]Madhav Gadgil
[B]Madhav Godbole
[C]R K Pachauri
[D]A K Biswal

19. Recently, Steel Authority of India (SAIL) said that it will invest Rs. 3,000 crore to quadruple capacity of its Gua iron ore mine to 10 million tonnes per annum (mtpa) and put up a four mtpa pelletisation plant. In which state is located the Gua Iron Ore mine?

[A]Odisha
[B]Jharkhand
[C]Karnataka
[D]West Bengal

20. At present, the Maternal Mortality Rate (MMR) of India is 212. This means that 212 women die out of ___________ Live births?

[A]1000
[B]10,000
[C]100,000
[D]10,00,000

21. The Government of India has appointed how many Scheduled Areas and Scheduled Tribes Commission since independence?
[A]2
[B]4
[C]5
[D]7

So Far, two have been appointed. Centre will soon appoint a Scheduled Areas and Scheduled Tribes Commission – the third since independence – to
examine various issues of development and welfare of tribals, especially primitive tribal groups.

22. The Bharat Heavy Electricals Ltd (BHEL) has commissioned the third 250 MW advanced-class gas turbine Pragati-III project at ?
[A]Chennai
[B]New Delhi
[C]Chandigarh
[D]Jodhpur

23. The Qualified Foreign Investors who wish to invest in India should be compliant with the standards set by ___?

[A]Reserve Bank of India
[B]Securities and Exchange Bureau of India
[C]Financial Action Task Force
[D]International Monetary Fund

24. As per the recently released World Investment Report 2012, by UNCTAD, India is ______most attractive investment destination of the world.

Choose the correct option to fill the blank space.
[A]First
[B]Second
[C]Third
[D]Fifth

As per the World Investment Report 2012 by United Nations Conference on Trade and Development, India has emerged as the third most attractive
investment destination after China and the US for global companies.

25. Which among the following banking giants of England was recently making news in context with the Libor interest rate scandal?
[A]Birmingham Midshires
[B]Lloyds Banking Group
[C]Barclays
[D]Duncan Lawrie

26. Enrique Pena Nieto has recently claimed victory in the General Elections of ____?

[A]Argentina
[B]Paraguay
[C]Mexico
[D]Chile

27. Olimpiyskiy National Sports Complex is located in which among the following countries?

[A]Poland
[B]Ukraine
[C]Hungary
[D]Belarus

Ukraine , Venue of Euro 2012

28. Which among the following company has launched the largest healthcare fraud case in US history for $3 billion dollars in July 2012?
[A]GlaxoSmithKline
[B]Randox
[C]Genus PLC
[D]British Biotech

29. Operation Enduring Freedom is being operated in ___?

[A]Pakistan
[B]Vietnam
[C]Afghanistan
[D]Iraq

30. In context with Africa, the term Maghreb Insurgency has been making news frequently. Maghreb refers to ___?

[A]Southern Africa
[B]North East Africa
[C]Central Africa
[D]North West Africa

31. Consider the following Statements:
1.The responsibility of conducting the decennial Census rests with the Office of the Registrar General and Census Commissioner, India under the Ministry of Home Affairs.
2.C.Chandramouli is the Registrar General and Census Commissioner of India.
Which among the above Statement(s) is/are correct?
[A]Only 1
[B]Only 2
[C]Both 1 and 2
[D]Neither 1 nor 2

32. Which among the following was the first state to receive the 'Nirmal Rajya Puruskar' for achieving 100 per cent sanitation?

[A]Punjab
[B]Sikkim
[C]Arunachal Pradesh
[D]Himachal Pradesh

33. Who has been appointed the third chairman of the Empowered Group of Ministers (EGoM) on spectrum to fix the reserve price for spectrum in the 2G auctions scheduled for August?

[A]Sharad Pawar
[B]Mamta Banerjee
[C]Pranab Mukherjee
[D]P.Chidambaram

34. Which country is the largest source of foreign direct investment (FDI) into India?

[A]USA
[B]UAE
[C]Singapore
[D]Mauritius

35. Thousands of virus-hit computers, including in India, may lose Internet access from July 9, 2012 due to a malware called ______ which is a computer programme that redirects the Internet traffic to fake websites.

[A]Taterf
[B]Koobface
[C]DNSChanger
[D]Alureon

Nearly 3 lakh DNSChanger virus-hit computers, including over 20,000 in India, may lose Internet access from July 9. DNSChanger is a malware computer programme that redirects the Internet traffic to fake websites. A McAfee spokesperson said that according to the data provided by DNSChanger Working Group, India has the third-highest number of DNS infections after the United States and Italy.

36. Which of the following much-awaited undiscovered subatomic particle, popularly known as 'God Particle' has been recently demonstrated by the scientists ?
[A]Fermion
[B]Higgs Boson
[C]Tetraquark Hadron
[D]Pi-Mesons

37. Which Gulf Country has for the first time announced that it would allow women to compete in 2012 Olympic Games?

[A]Kuwait
[B]Qatar
[C]Saudi Arabia
[D]United Arab Emirates

38. According to the Planning Commission Deputy Chairman Montek Singh Ahluwalia, the approach paper for the 12th Plan has set a target of ___% average annual growth for the plan period.

[A]8%
[B]8.5%
[C]9%
[D]9.5%

39. Which former Chief-Minister has been given a clean chit by the Supreme Court relating to acquiring movable and immovable assets disproportionate to the known sources of his/her income?

[A]Lalu Prasad Yadav
[B]M.Karunanidhi
[C]Mayawati
[D]Vasundhara Raje Scindia

40. New Exploration Licensing policy(NELP) is related to production and exploration of:

[A]Oil and Natural Gas
[B]Uranium Reserves
[C]Coal Reserves
[D]Thorium Reserves

New Exploration Licensing Policy (NELP) was conceptualised by the Government of India, during 1997-98 to provide an equal platform to both Public and Private sector companies in exploration and production of hydrocarbons with Directorate General of Hydrocarbons (DGH) as a nodal agency for its implementation. It was introduced to boost the production of oil and natural gas and providing level playing field for both public and private players.