Current Affairs and Gk -April 2013 Part-1
Current Affairs and Gk -April 2013
33. Liechtenstein
[A]First in world
[B]Second in world
[C]Third in world
[D]Fourth in world
Third in world
Third behind US and China but still internet penetration is way below china.
34. Luxembourg
[A]UTI
[B]LIC
[C]SBI
[D]NHB
LIC
LIC remains the single-largest buyer of government bonds because of its control over more than three-fourths of the life insurance industry and the mandatory 50% investment it has to make in government securities. The state-run insurer’s purchase of government bonds rose 20%, and it bought nearly 40% of the shares sold via offer for sale (OFS) in four out of total seven PSU issues, said people familiar with the investments.(ET)
35. In recent times, the term “Abenomics” has been making round in media, which refers to the economic approach or philosophy of the prime minister / president of a country. Identify this country from the given options:
[A]France
[B]Japan
[C]South Korea
[D]Italy
Japan
Abenomics, as the Japanese PM’s economic approach or philosophy has been christened, involves a combination of monetary easing, targeting an inflation of 2%, a flexible fiscal policy marked by higher spending in the short run and fiscal consolidation in the long term besides a growth strategy. (ET)
36. Recently, the Reserve Bank of India has simplified the know your customer or KYC norms for ___:
[A]Self Help Groups
[B]Joint Liability Groups
[C]Primary Agriculture Credit Societies
[D]All of them
Self Help Groups
Recently, the Reserve Bank of India has simplified the know your customer or KYC norms for Self help groups or SHG for opening new accounts and while borrowing from banks.
37. In order to garner an additional Rs 4,700 crore from indirect tax during 2013-14, India’s budget included a few more services under the service tax ambit. Which among the following is among the new services that have been brought under tax ambit?
[A]AC Restaurants
[B]Vocational Education Courses
[C]Domestic Air Travel
[D]3 & 4 star hotels
AC Restaurants
Eating out at an air-conditioned restaurant and parking vehicle at places like malls have become more expensive as these will attract 12 per cent service tax from April 1, 2013.
38. The Supreme Court of India has recently rejected a Swiss based Pharma company’s plea for getting its blood cancer drug Glivec patented in India and to restrain Indian companies from manufacturing generic drugs. Which among the following is that company?
[A]Novartis
[B]Galderma
[C]Anavex Life Sciences
[D]Fenjal
Novartis
Swiss pharma major Novartis AG has lost a seven-year long legal battle for getting its blood cancer drug Glivec patented in India and to restrain Indian companies from manufacturing generic drugs, with the Supreme Court rejecting the multinational company’s plea. This will help poor patients to have easier access to quality medicines. While a one-month dose of Glivec costs around Rs 1.2 lakh, generic drugs, manufactured by Indian companies, for the same period are priced at Rs 8,000.
39. Which among the following private sector bank has been recently acquitted in the insider trading case?
[A]HSBC
[B]Axis Bank
[C]Citibank
[D]ICICI Bank
Axis Bank
Market regulator Sebi has disposed of the case against Axis Bank that had alleged the private sector lender of violating various norms, including those related to insider trading as well as regulations for merchant bankers. The matter relates to a period in 2011 when Axis Bank was acting as a merchant banker for the open offers in KSK Energy Venture and Bombay Rayons Fashion. (ET)
40. . It is reported in media that India may offer as many as 68 blocks or areas for exploration of oil and gas in the 10th round of New Exploration Licensing Policy (NELP) in 2013. The New Exploration Licensing Policy was launched in which year?
[A]1999
[B]2001
[C]2003
[D]2004
1999
India may offer as many as 68 blocks or areas for exploration of oil and gas in the 10th round of New Exploration Licensing Policy (NELP) this year. This will be the second highest offering of block since the advent of NELP 1999. Of the blocks being considered for offering in NELP-X, 25 are deep water, 20 shallow water and 23 onland blocks. (ET)
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