Events-India-May-2013

Cabinet allows Drafting of Citizens Charter Bill  more

CAG finds scam in Rs 52,000-crore farm loan waiver scheme more

The current CAG of India is Shashi Kant Sharma

President Pranab Mukherjee reaches Mauritius on three-day visit more

India's cruise missile Nirbhay's maiden test fails more

NCTC will work under IB more

Morsi visit: India, Egypt ink seven pacts more

UPA - United Progressive Alliance 

CAG - Comptroller and Auditor General
ADWDRS - Audit of Agricultural Debt Waiver and Debt Relief Scheme
DFS - Department of Financial Services
DTAA - Double Tax Avoidance Agreement
SADC - Southern African Development Community
COMESA - Common Market for Eastern and Southern Africa
NCTC - National Counter Terrorism Centre

Economy-April-2013

:CSO released estimates of National Income 2012-2013
Estimated GDP 55,03,476 crore
Estimated growth of GDP is 5.0

:RBI Guidelines for new bank
minimum capital should be 500 crore
For the first five years foreign shareholders must be 49%

:Food grain output in 2012-13 may fall to 3.5% (250.14 tonnes)

:India's External debt increased by 9.4%

:BHEL and GAIL got maharatna status
other companies are ONGC,NTPC,SAIL,IOC,CIL

:New stock exchange - MCX-SX

:Rajeev Gandhi equity Saving scheme launched
applicable to companies with profit upto 10 lacks
50000 tax relief is given



GDP-Gross Domestic Product
CSO-Central Statistics Office
NNI-Net National Income
GAIL-Gas authority of India Limited
BHEL - Bharath Heavy Electronics Limited
IIP - Index of industry production
WPI - Whole sale price index


Defs

Trade deficit : Countries import exceeds its exports

Events-India-April-2013

:VVIP Chopper scam

*SP Tyagi was alleged for 51 million Euros scam for altering the technical specification required

*Christian Michel is the UK base middle man

*Finmeccanica is the Italian company involved

*AgustaWestland NV is a British-Italian multinational helicopter design and manufacturing company, and a wholly owned subsidiary of Finmeccanica

*12 AgustaWestland AW101 Choppers

*Tata has tie upm with AW in producing 8 seat AW119Ke light helicopters

:French President Francois Hollande's visit to India

Short range surface to air missile
16 Rafale aircraft
Jaitapur Nuclear Project (http://en.wikipedia.org/wiki/Jaitapur_Nuclear_Power_Project)
Bangalore metro Phase I

:President promulgated Anti-rape ordinance

Based on JS Verma committe
Rape is replaced by sexual assault
Capital punishment for sexual assault

:Defence ministry clears new corps on china border

:Govt constitutes Power advisory panel (http://energy.gov/oe/services/electricity-advisory-committee-eac)
Headed by Minister of power Shri Jyotiradiya Madhavrao Scindia (http://upscportal.com/civilservices/current-affairs/voice-notes/31-march-2013)

:Army gets first indigenous chopper-Rudra
Provided by HAL

:Afzal Guru hanged in Tihar jail

:Election commission bared 2171 candidates who failed to provide the details of expenditure during
parliamentary and assembly elections.

:British Prime Minister David Cameron Visited India
Announced same-day visa for Indians
Wont set any limit for students pursuing higher studies in London

:Parliament passes sexual harassment bill

:New Intercepter boat for Coast gaurd C-154 made by bharati Shipyards with Arneson surface drive

:PSLV C20 launched (101th mission)
Carries SARAL(Argos and Altika From France to study about ocean parameters)


Minister of power - Shri Jyotiradiya Madhavrao Scindia

List of ministers http://www.mapsofindia.com/election/list-of-portfolios.html

CEA - Central Electricity Authority
ADAG - Anil Dhirubhai Ambani Group
HAL - Hindustan Aeronautics limited
PSLV- Polar Satellite Launch Vehicle

Time and Work

1. Worker A takes 8 hours to do a job. Worker B takes 10 hours to do the same Job.How long should it take both A and B, working together but independently, to do the same job? (IGNOU, 2003)
A’s 1 hour's work = 1/8
B's 1 hour's work = 1/10
(A + B)'s 1 hour's work = (1/8) +(1/10)=9/40
Both A and B will finish the work in 40/9 days.

2. A and B together can complete a piece of work in 4 days. If A alone can complete the same work in 12 days, in how many days can B alone complete that work?
(Bank P.O.2003)
Sol. (A + B)'s 1 day's work = (1/4).
A's 1 day's work = (1/12).
B's 1 day's work =((1/4)-(1/12))=(1/6)
Hence, B alone can complete the work in 6 days.

3. A can do a piece of work in 7 days of 9 hours each and B can do it in 6 days of 7 bours each. How long will they take to do it, working together 8 hours a day?
A can complete the work in (7 x 9) = 63 hours.
B can complete the work in (6 x 7) = 42 hours.
(A + B)'s 1 hour's work =(1/63)+(1/42)=(5/126)
A’s 1 hour's work = (1/63) and B's 1 hour's work =(1/42)
Both will finish the work in (126/5) hrs.
Number of days. of (42/5) hrs each =(126 x 5)/(5 x 42)= 3 days

ans

IB ACIO Previous Year Question Paper [2012][Current affairs and GK]

Head quarters of WTO is at ?
Geneva, Switzerland

Number of zodiac constellations in Indian astrology ?
27

Ramakrishna Mission is founded by ?
Swami Vivekananda

Curiosity was landed on which location in MARS?
Gale crater

India's pilot less aircraft ?
Lakshya

India's first indigenous nuclear submarine ?
Arihant

First Monday of October is celebrated as ?
World habitat day

Which countries lower parliament is known as Wolesi jirga ?
Afghanistan

What is the present permissible Power Density value for mobile towers operating at 1800 MHz?
9 Watt/ meter²

Centre for Cellular and Molecular Biology or CCMB is an Indian Biotechnology research establishment of the Council of Scientific and Industrial Research located in ?
Hyderabad, India

What is Wakhan Corridor ?
An area of far north-eastern Afghanistan

What does NSAB stand for indian contest ?
National Security Advisory Board

What is the significance of ozone layer in atmosphere ?
Filters ultra violet from sun 
The headquarters of nestle is located at ? 
Vevey, Switzerland 

Which family owns the hero group of companies ? 
Munjals 

Titicaca,the highest lake in the world located at ? 
On the border of Peru and Bolivia 

At which point of earth there is no gravity ? 
At its Centre 

The chemical component of Vinegar is 
Acetic acid 

The gas released from paddy fields 
Methane 

The great victoria desert is located at 
Australia

IB ACIO Previous Year Question Papers[2012][image]