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15 September 2012 - Daily Current Affairs Quiz

1. The government, on 14th September 2012, relaxed foreign direct investment (FDI) in aviation, multi-brand retail, power exchanges and broadcast services. The government on Friday allowed 51% FDI in multi-brand retail, 49% investment by foreign airlines in aviation sector and sale of equity in four PSUs. It also raised FDI cap in broadcasting from 49% to 74%. Also Foreign retailers owning more than 51% shareholding in stores that sell products under a single brand will have to buy _______ of the value of goods locally, but not necessarily from micro, small and medium-scale enterprises, as laid down in an earlier policy announced in December 2011.

2. Former Rashtriya Swayamsevak Sangh (RSS) chief (Sarsanghachalak) KS Sudarshan passed away in Raipur on Saturday, 15th September 2012. Sudarshan was born in 1931 and was a telecommunications engineer. Sudarshan became Sarsanghachalak (Supreme chief) of the RSS on March 10, 2000 succeeding Rajendra Singh. When did he stepped down as Sarsanghachalak?
[A]2 March, 2009
[B]20 February, 2009
[C]21 March, 2009
[D]21 May, 2009

3. The government on Friday, 14th September 2012, approved stake sale in four state-run companies. The cabinet committee on economic affairs (CCEA) approved a 9.6% disinvestment in Hindustan Copper and 12.1% in National Aluminium Company(Nalco) through offer for sale. The CCEA also gave its nod for disinvestment of 9.3% in Metals and Minerals Trading Corporation of India (MMTC), one of the country's largest trader of metals and minerals, and 10% in fourth company. Decision on Neyveli Lignite and initial public offering of RITES Ltd, which were also on the agenda of the meeting of Cabinet Committee on Economic Affairs (CCEA), was deferred. What is the name of the fourth company?
[A]Oil India Limited
[B]Indian Oil Limited
[C]Bharat Aluminium Company Ltd. (BALCO)
[D]Bharat Heavy Electricals Limited (BHEL)

4. On Friday, 14th September 2012, the annual survey of 72 cities by Swiss bank UBS found its own hometown Zurich had the world's highest average wages and the biggest purchasing power. As per the report the cheapest places to live were Delhi and Mumbai. As per the survey, which city is the most expensive city in the world?
[C]New York

5. On 14th September 2012, the first phase of the biggest emergency medical transport service in India was launched in 13 districts - Mainpuri, Etawah, Lucknow, Kannauj, Saharanpur, Meerut, Rampur, Moradabad, Muzaffarnagar, Sambhal, Shamli, Baghpat and Ambedkarnagar. The service, which was launched on Public-Private Partnership model, can be availed free of cost by dialling 108. What is the name of the service launched by Uttar Pradesh state government?
[A]Samajwadi Emergency Response Service
[B]Samajwadi Swasthya Seva
[C]Centralised Accident & Trauma Services (CATS)
[D]Samajwadi Accident & Trauma Services (SATS)


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