GK Official Thread 2013-14

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Puys, In the recent years, General Knowledge & Awareness has become an integral part of most B-School entrance examinations. In the years to come, too, several schools are considering including GK as a criterion for selection - after all it i...
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December 2012 update

1. Pakistan announced the successful training launch of the Medium Range Ballistic Missile, Hatf V (Ghauri) which can carry both conventional and nuclear warheads to a distance of 1,300 km.


2. Mr. Ratan Tata was awarded an honorary doctorate of business from the University of New South Wales.

3. President Mahmoud Abbas submitted the request for upgrading the rank from an observer to a non-member observer before the U.N. General Assembly. General Assembly voted emphatically to welcome Palestine as an observer state.

4. The Ministry of Petroleum and Natural Gas will raise the cap on annual supply of subsidised cooking gas (LPG) to 9 cylinders per household provided the Finance Ministry agrees to give an additional Rs. 3,000-crore in 2012-13. But Election Commission has directed it to stop any such proposal because Model Code of Conduct is in force in Gujarat.

5. The Bharatiya Janata Party (BJP) will complain to the Election Commission against the United Progressive Alliance (UPA) government's announcement on direct cash subsidy transfer scheme, saying it violates the code of conduct in view of the Gujarat elections.

6. Lok Sabha approved a Bill to expand the definition of offences related to money laundering. Mr. Chidambaram said the amendments sought to enlarge the definition of predicate offences of money laundering and include activities that are defined as crime under various other laws.

7. The Competition Commission of India (CCI) said it was gathering information on the issue of alleged cartelisation by domestic airlines on fixing fares and would soon take a call on whether to probe the matter.

8. Goldman Sachs came out with a positive outlook for India, saying the economy was likely to grow by 6.5 per cent in 2013.

9. The bilateral talks between the Chief Ministers of Karnataka and Tamil Nadu started in Bangalore to work out a formula to share the available waters in the reservoirs across the Cauvery, as suggested by the Supreme Court.

10. The 37-year-old Ricky Ponting announced his decision to retire at the conclusion of the third Test match against South Africa.

11. Sleeper-class train passengers must carry identity proof from December 1 this year, as the Railways have firmed up steps to prevent misuse of tickets.

12. The Securities Appellate Tribunal dismissed a joint appeal by two Sahara Group firms against SEBI in a highprofile case involving refund of about Rs. 24,000 crore with interest to about three crore investors.

13. The last date for submitting Know-Your-Customer (KYC) forms to gas agencies was extended till December 31, 2012. The officials were told to explore the possibility of collecting the KYC forms directly from homes.

14. INDRA, joint military exercise with Russia, is being held in Mumbai from November 28 to December 3. INDRA began in year 2003 and is being conducted every two years.

15. The Afghanistan-Pakistan Transit Trade Agreement (APTTA) will be extended to Tajikistan in the next few months and thereafter to other Central Asian republics.

16. The Bombay Stock Exchange (BSE) launched BSE Carbonex, the first carbon-based thematic index in the country, which takes a strategic view of organisational commitment to climate change mitigation.

17. Former Prime Minister Inder Kumar Gujral died. He was an Indian politician who served as the 12th Prime Minister of India from April 1997 to March 1998.

18. The International Olympic Committee (IOC) suspended the Indian Olympic Association (IOA) at its Executive Board meeting in Lausanne, apparently for ignoring its warning against holding its elections under the National Sports Code.

19. Expressing “anguish” that Yamuna water in Delhi has become filthy despite thousands of crores being spent on improving its quality, the Supreme Court appointed a committee of technical experts.

20. About 45,000 Indians staying illegally in the United Arab Emirates have been permitted to leave the country by the UAE Government under the amnesty scheme without payment of any penalty. The amnesty period has been declared from December 4 to February 3.

21. GDP (gross domestic product) growth dipped to 5.3 per cent in the second quarter (July-September) of 2012-13 from 6.7 per cent in the same quarter during the previous fiscal. It also slipped from 5.5 per cent in the first quarter of the current fiscal. Now GDP growth at 5.4 per cent during the first half (April-September) of 2012-13

22. Manipur Cabinet decided to recommend extension of the Disturbed Areas Act (DAA) for one more year. Under this provision, the Armed Forces (Special Powers) Act (AFSPA) 1958, which gives untrammeled powers to the security forces, will also be extended.

23. The World Bank has sanctioned an additional credit of $ 70 million to the State for the ongoing Karnataka Health System Development and Reform Project (KHSDRP). The project will be financed by the International Development Association (IDA).

24. The U.N. General Assembly approved a resolution calling on Israel to quickly open its nuclear programme for inspection.

25. The U.S. fined a Chinese state-owned Huaxing Construction company $3 million after it agreed to plead guilty to criminal charges for exporting U.S.-made coatings to a Pakistan nuclear plant against U.S. restrictions.

26. Japan and India signed a Bilateral Swap Agreement (BSA) which enables both countries to swap their local currencies, that is, either Japanese yen or Indian rupee against the U.S. dollar for an amount up to $15 billion. The BSA would be effective for a three-year period.

27. The Reserve Bank of India (RBI) has set up a supervisory college for State Bank of India (SBI) and ICICI Bank. The concept was enunciated in the Basel Committee for Banking Supervision (BCBS) document.

28. UPA succeeded in defeating the Opposition motion against FDI in the multi-trade retail sector. The motion was rejected with 253 members voting against and 218 members in favour. 22 members of the BSP and 21 members of the SP staged a walkout before the motion was put to vote.

29. The Supreme Court will soon get three more judges M.Y. Eqbal (Madras), Vikramajit Sen (Karnataka) and V. Gopalagowda (Orissa). With the elevation of three judges, the strength of the Supreme Court will go up to 28 as against the sanctioned number of 31.

30. India has been ranked 94th out of 176 countries in Transparency International's 2012 Corruption Perception Index (CPI). Last year, India was ranked 95 out of 183 countries that were studied.

National Insurance Academy
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@anand1212 Whats your plan . How will you start I will suggest that we can post news (politics, world, sports, business & economics etc.) & then we can play quiz .
हिम्मत न हार मांजी तू जवानी में , ले चल अपनी नाव तू ग्हेहरे पानी में
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Hello @shattereddream dada
I m nt god :)
but yeah I m back on PG for GK threads bcz from last 1-2 years I have lost the touch in GK 😃 :)

National Insurance Academy
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@anand1212 oho the genius is back .... GK god ____/ \____
हिम्मत न हार मांजी तू जवानी में , ले चल अपनी नाव तू ग्हेहरे पानी में
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The reason for starting this thread too early is that there are many aspirants who are willing to appear for the entrance exams for next season. GK is a thing that can't be learned in a month or two,it requires effort as other subjects such as VA,LR and QA so I m starting this thread with a hope that the aspirants for season 2014-16 will get benefit from here. This thread will also be helpful for those students who are already studying in any B-School and are interested in summary of the current affairs round up. 😃 😃

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Puys,

In the recent years, General Knowledge & Awareness has become an integral part of most B-School entrance examinations. In the years to come, too, several schools are considering including GK as a criterion for selection - after all it is something every Manager is expected to have.

Some of the top institutes/examinations that have a GK component in their exams are:

->SNAP (for institutes under the Symbiosis University - SIBM Pune, SCMHRD, SIIB, SIBM Bangalore, SCIT, SIOM, SIMC, SITM, SSBM )
-> IIFT (Indian Institute of Foreign Trade - New Delhi & Kolkata - International MBA programs)
-> IRMA (Institute of Rural Management, Anand - Rural Management programs)
-> TISS (Tata Institute of Social Sciences, Mumbai - several Masters programs in Social Management/Entrepreneurship)
-> MICA (Mudra Institute of Communications & Advertising, Ahmedabad - Communications Management)
-> CMAT (Common Management Admissions Test - For institutes under the AICTE. Several states have scrapped their regional MBA entrance tests in favor CMAT. Hence institutes like SIMSREE, JBIMS,NIA,GIM etc will be accepting CMAT)
-> XAT(XLRI,XIMB,XIME,SP Jain,IMT G)

Kindly use this thread for quoting current affairs & important updates, static GK that you might know, uploading GK material that you might want to share (kindly be aware of copyright violations), etc.

The knowledge that you will gain here will be of great use to you during your Group Discussions & Personal Interview stages as well.

National Insurance Academy
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