Daily Current Affairs Quiz: 5 December 2012

1. In a major embarrassment to India, the International Olympic Committee on Tuesday, 4th December 2012 suspended the Indian Olympic Association. This means that Indian athletes cannot participate in the Olympic Games under the national flag unless the suspension is revoked by the IOC. The alternative is for Indian athletes to participate in the Olympics under the IOC banner, if allowed. Suspension also will lead to the Indian Olympic Association getting any IOC funding (it gets about Rs 8 crore in 4 years). The IOC said that the IOA had been suspended due to the Indian government's interference in the electoral process. The decision to suspend India was taken by the IOC executive board at a meeting which was held at which place?
[Category: Olympics Current Affairs]
[A]New Oreleans, USA
[B]Munich, Germany
[C]Lausanne, Switzerland
[D]Paris, France


2. Quantum3D, Inc., a leading provider of visual computing solutions for government and commercial applications, announced on 4th Dec 2012 that the world's first commercial spaceline, has ordered Quantum3D's six-channel Independence IDX 7000 image generator. The commercial spaceline will use Quantum3D's most advanced real-time image generator to train pilots on spaceship equipment and command. What is the name of this commercial spaceline?
[Category: Technology Current Affairs]
[A]Virgin Galactic
[B]Virgin Spaceship
[C]PJS Galactic
[D]Quantum Galactic


3. With Apple launching the service in the country on 4th December 2012, Indian iPad, iPod and iPhone users can now purchase their favourite Bollywood and regional music and movies and books from iTunes store in local currency. iTunes Store, a popular service in the US, is already available in 119 countries. iTunes Store was simultaneously launched in 55 other countries, including Russia, Turkey, and South Africa and users can buy local and international content. In India, Apple iTunes store will face competition from Nokia Music Store that has a catalogue of over 4.5 million songs, and Flipkart's digital music store. What is the name of the Flipkart's digital music store?
[Category: Latest News Current Affairs]
[A]fTune
[B]Flyte
[C]FlipTune
[D]FMStore


4. The Election Commission on Tuesday, 4th Dec 2012, asked the central government to defer implementation of direct cash transfer scheme in six districts of two states till polls. The Commission had on Sunday conveyed its unhappiness to the government over announcement of its direct cash transfer scheme when the model code was in force in poll-bound state. The election commission further said that government should have maintained letter and spirit of model code of conduct. In which of the two states the plan is postponed?
[Category: Politics Current Affairs]
[A]Himachal Pradesh and Manipur
[B]Manipur and Punjab
[C]Manipur and Gujrat
[D]Himachal Pradesh and Gujarat


5. The cost of aviation turbine fuel (ATF) across the country is likely to come down by up to 25 per cent after petroleum minister M Veerappa Moily agreed to bring it under the purview of the PNGRB on 4th Dec 2012. Bringing it under PNGRB will make the pricing of jet fuel transparent and also check cartelisation by oil companies. In a meeting with civil aviation minister Ajit Singh, the petroleum minister has agreed that it should come under PNGRB. The official added that this will bring ATF prices in India at par with airports such as Bangkok, Hong Kong and Singapore among others, where it is 20 to 25 per cent lower. Both Singh and Moily also decided to push for bringing ATF under declared goods, which will bring down the sales tax on ATF immediately to 4 per cent from as high as 33 per cent. What is PNGRB?
[Category: Business Current Affairs]
[A]Petroleum and Natural Gas Repository Board
[B]Petroleum and Natural Gas Regulatory Board
[C]Petrol and Nitrogen Gas Regulatory Board
[D]Petroleum and Niche Gas Regulatory Board