Who won the Nobel Prize for Economics for 2014 as announced by the Royal Swedish Academy of Sciences on 13 October 2014?
French economist Jean TiroleTirole was chosen for his analysis of market power and regulation. The Academy commended him for the way he presented his theory clarifying how to understand and regulate industries with a few powerful firms. The Nobel Prize for Economics is officially called the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel and was not part of the original group of awards set out in his will of 1895.
What is the name of the relief and rescue operation launched on 13 October 2014 by the Indian armed forces in Andhra Pradesh’s cyclone-affected districts after the havoc brought on by cyclonic storm ‘Hudhud’ on 12 October?
“Operation Lehar”The Indian Navy has been made the nodal agency to carry out relief and rescue works under “Operation Lehar”. The three wings of Indian armed forces repositioned their assets to assist the civilian administration in rescue and relief operations in cyclone-affected districts of the state.
According to reports appearing in media during October 2014, the Union Govt. is on its way for a major overhaul of the current monetary policy framework. Under this the govt. will specify specific inflation related targets for the Reserve Bank of India (RBI) instead of the RBI setting a target for itself. This decision is a big departure from the recommendations of a recent expert committee of the RBI, which had recommended that the monetary policy decision-making should be vested with a monetary policy committee, chaired by the RBI Governor. Who headed this RBI committee?
Urjit R. Patel, Deputy Governor of the RBIUnion Government had decided to set targets for the RBI as it feels that it is best that inflation targets are set by the governments elected by the people instead of the bureaucrats. It is worth mentioning that the Urjit Patel Committee (The Committee on Strengthening Monetary Policy Framework) in its recommendations had also stated that the RBI should adopt the new Consumer Price Index (CPI) as the measure of the nominal anchor for monetary policy and set the target CPI inflation level at 4 per cent (+/- 2%) to be achieved through its monetary policy tools.
Which prominent real estate company was barred by Indian capital market regulator SEBI from accessing capital markets for three years on 13 October 2014?
DLF LimitedDLF Limited along with its founder-chairman K.P. Singh and 5 top executives were barred from accessing India’s capital markets for three years. This penalty was imposed due to some non-disclosure violations related to DLF’s initial public offering (IPO) of 2007. SEBI had investigated whether the company had disclosed in its IPO documents the names of all of its subsidiaries and the legal cases pending against those companies.
What is the name of India’s third navigational satellite in a series of seven, the countdown for the launch of which was started on 13 October 2014 at the spaceport of Sriharikota in Andhra Pradesh?
IRNSS 1CIndia has proposed to launch seven navigational satellites to put in place India’s navigation system on par with US’ Global Positioning System (GPS). IRNSS 1C would be launched on 16 October 2014 to be placed into a sub Geosynchronous Transfer Orbit (sub GTO). The first two satellites in the series, IRNSS 1A and IRNSS 1B were launched from Sriharikota on 1 July 2013 and 4 April 2014.
What is the name of the first Earth-observing instrument of U.S. space agency NASA to be placed and activated on the International Space Station (ISS), which started delivering its first set of data from 1 October 2014?
RapidScatRapidScat will be used to monitor ocean winds for climate research, hurricane monitoring and weather predictions. The main benefit of RapidScat will be the comparatively lesser time taken by it to produce high quality earth data. This instrument was launched aboard the SpaceX CRS-4 mission on 21 September 2014. ISS is the largest artificial space body in Earth’s low orbit and is a joint project between NASA and Russian space agency Rosaviakosmos. First component of ISS was launched in 1998. ISS is used as a habitable laboratory and consists of numerous components.
Global retail giant Amazon on 13 October 2014 entered into a strategic partnership with which Indian retail company to exclusively retail its product through Amazon.in platform?
Future Retail LtdFuture Retail Ltd is India’s leading retail chain led by Kishore Biyani. It retails through its proprietary retail chain brands like Big Bazaar and Future Bazaar. Under the partnership Amazon will initially focus on selling Future Group’s fashion brands and will subsequently cover all other categories. The two firms will also explore synergies in areas such as distribution network, customer acquisition and cross-promotions. This strategic partnership came days after Biyani complained of e-commerce companies, particularly Flipkart, of under-cutting the market and selling products at even below the cost price.
What is the name of the strongest typhoon of 2014 to hit Japan, that hit country’s southern island Kyushu early on 13 October 2014 after hitting Okinawa a day earlier?
Typhoon VongfongTyphoon Vongfong battered the southern Japanese island of Okinawa, 600 km south of Tokyo, as well as Kyushu and Shikoku islands resulting in injuries to over 50 people and evacuation of about 450,000 people. This typhoon’s peak speed was 234 km/hr as recorded on 11 October 2014 making it a ‘Super Typhoon’.
Current Affairs Quiz
- 1. India has setup which management team to follow through on the $35 bn that Japan has promised to invest in India over a span of five years via PPP and overseas development assistance ?
A. Follow-up Japan
B. Big Circle
C. Handshake
D. Japan Plus - 2. Facebook CEO Mark Zuckerberg, who is on a two-day visit to New Delhi, launched the global Internet project called __________ in the country.
A. Namaste India
B. internet.org
C. internet 2.0
D. dot bharat - 3. The Punjab and Haryana High Court disqualified the merger of five which political party MLAs with the Congress in accordance with the anti-defection law ?
A. Punjab Janhit Congress (PJC)
B. Haryana Janhit Congress (HJC)
C. Haryana Congress (HC)
D. Lokdal - 4. Burdwan blast to be probed by National Investigation Agency (NIA). Burdwan is located in which state?
A. Haryana
B. UttarPradesh
C. West Bengal
D. Tamilnadu - 5. The Minister for Minority Affairs, Najma Heptullah, announced the establishment of a nation level skill development Academy, "Maulana Azad National Academy for Skills" (MANAS) with headquarters in _______.
A. Gandhinagar
B. Delhi
C. Mumbai
D. Mussoorie - 6. The Government has modified the timeline for Cable TV Digitisation. As per the new timeline, Phase III will be over by end of ______.
A. 2014
B. 2015
C. 2016
D. 2017 - 7. A team of researchers led by Dr. Scott Blanchard of ___________________________ developed a technology that makes visible the dance or movements of HIV proteins on the virus' surface.
A. Africa Genome Education Institute
B. Weill Cornell Medical College of New York, USA
C. Roslin Institute, Scotland
D. Belgian Society of Biochemistry and Molecular Biology - 8. Which Union Ministry launched The Maithreyi International Visiting Professorship in New Delhi?
A. Union Ministry of Science Technology
B. Union Ministry of Human Resource Development
C. Union Ministry of Social Justice and Empowerment
D. Union Ministry of Health and Family Welfare - 9. To realise Gram Swaraj which scheme was launched Prime Minister Modi ?
A. Lok Nayak Jai Prakash Narayan Adarsh Gram Yojana
B. Adarsh Gram Yojana
C. Saansad Adarsh Gram Yojana
D. Pradhanmantri Adarsh Gram Yojana - 10. Which High court on 10 October 2014 ruled in favour of Vodafone in 3200 crore rupees tax dispute case arising on account of transfer pricing ?
A. Delhi High court
B. Bombay High court
C. Punjab and Haryana High court
D. Madras High court - Answer:
1)D, 2)B; 3)B, 4)C, 5)B, 6)B, 7)B, 8)A, 9)C, 10)B
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