Current Affairs and Business News Quiz: 16 December 2012

1. On Saturday, 15th Dec 2012, the Urban Development Ministry and the Delhi Urban Art Commission had objected to the Group of Ministers’ recommendation to set up the long-awaited National War Memorial at the India Gate complex, saying it would spoil the ambience at India Gate. The armed forces have been demanding a war memorial in the national capital to honour their men who made supreme sacrifice in various wars, conflicts and militancy-related incidents in Jammu and Kashmir and the northeast. The Defence Ministry has been pushing for construction of the memorial near India Gate which is a memorial for soldiers killed in action during __________________.
[Category: India News Current Affairs]
[A]First World War
[B]Second World War
[C]Indian Independence Movement
[D]India Pakistan War of 1965


2. Delhi Chief Minister Sheila Dikshit said on Saturday, 15th Dec 2012, that Rs 600 a month was enough to feed a family of five. The CM was speaking on the occasion of the launch of Delhi government's cash-for-food programme. Congress president and UPA chairperson Sonia Gandhi was also present on the dais at Thyagaraja Stadium to launch the scheme. Sheila Dikshit said that the Delhi government had set aside Rs 200 crore for funding the subsidy. What is the name of the scheme launched by Delhi Govt?
[Category: Politics Current Affairs]
[A]Ghar Sahara Yojana
[B]Antyodaya Yojana
[C]Annshree Yojana
[D]Annkutir Yojana


3. On Saturday, 15 December 2012, the Reserve Bank of India has proposed tighter norms for non-banking financial companies with regard to capital requirements, risk weights, provisioning norms and asset classification. The central bank has proposed that stake transfer of NBFCs of more than 25% will need RBI’s prior approval. In addition, NBFCs having asset size of Rs 1000 crore or more will require RBI’s approval for the appointment of a chief executive officer. Once the prudential regulatory framework for NBFCs and banks get aligned, the crucial advantage that the former enjoy when it comes to asset classification and provisioning norms will no longer be available.At present, the period for classifying loans as bad in the case of NBFCs is higher at 180/360 days compared with _______________ for banks.
[Category: Business Economy Current Affairs]
[A]50 Days
[B]90 Days
[C]100 Days
[D]150 Days


4. India defeated Pakistan 59-22 to retain the men’s title of the 3rd Pearls Kabaddi World Cup held at the Guru Nanak Stadium in Ludhiana on Saturday, 15th December 2012. It was for the third consecutive year that India thrashed the rival in the final. The winning team got a prize money of Rs 2 crore while Pakistan would take home Rs 1 crore. The second runners-up, Canada, clinched the third prize of Rs 51 lakh. Also in the women's kabaddi final played earlier on Saturday itself, India defeated which country?
[Category: Sports Current Affairs]
[A]Pakistan
[B]Malaysia
[C]China
[D]Nepal


5. Deputy CM Sushil Kumar Modi on Saturday, 15 Dec 2012, received award from President Pranab Mukherjee for the state's highest growth rate among larger states during the 11th five year plan at a function organized by the PHD Chamber of Commerce and Industry in New Delhi. Chhattisgarh CM Raman Singh, Uttarakhand CM Vijay Bahuguna, Himachal Pradesh CM Prem Kumar Dhumal and Madhya Pradesh agriculture minister were also present at the 107th convention of the PHDCCI. Modi said that between the first five-year plan and ninth five-year plan, state's average growth rate was 3% per annum, which increased to 7.34% during the 10th five-year plan and 11% during the 11th five-year plan at constant prices. Of which state Sushil Modi is the deputy CM?
[Category: India Current Affairs]
[A]Bihar
[B]Jharkhand
[C]Gujarat
[D]Madhya Pradesh