Monday, November 12, 2012

Daily Objective Current Affairs Quiz: 12 November 2012

1. On Monday, 12 November 2012, the government begun the auction for telecom spectrum through which it is hoping to meet Rs 40,000 crore revenue target. The auction for the airwaves or frequencies freed from the cancellation of ______ telecom licenses, belonging to mainly eight companies, by the Supreme Court in February, started at 0900 hours on Monday. Instead of auctioning entire spectrum freed from cancellation of licences, the government is auctioning a maximum of 11 blocks of airwaves frequencies in each circle, barring Delhi and Mumbai where there are only eight blocks, to attract high price for spectrum.

2. Greek lawmakers approved the country's 2013 austerity budget on Monday, 12 November 2012, an essential step in Greece's efforts to persuade its international creditors to unblock a vital rescue loan instalment without which the country will go bankrupt. The budget passed by a 167-128 vote in the __________ member Parliament. It came days after a separate bill of deep spending cuts and tax hikes for the next two years squeaked through with a narrow majority following severe disagreements among the three parties in the governing coalition. Prime Minister Antonis Samaras pledged that the spending cuts will be the last Greeks have to endure.

3. Gulf nations are planning to establish a centre to monitor radiation in order to avoid nuclear hazards in the peaceful use of atomic energy. According to secretary-general of the GCC Abdul Latif Al-Zayani, the GCC seeks to protect its members against all regional and international threats, achieve economic growth, maintain of a high level of human resources development, and improve crises management. On Sunday, 11 November 2012, while addressing the third annual regional seminar on the fight against weapons of mass destruction entitled 'Challenges When Radiological or Nuclear Incidents Happen', Al-Zayani said the GCC countries face a number of regional and international challenges which call for the creation of more opportunities to strengthen cooperation between them and friendly countries. What is GCC?
[A]Gulf Cooperation Council
[B]Global Corporate Challenge
[C]Gulf Coalition Council
[D]Gulf Cooperation Committee

4. On Sunday, 11th November 2012, which country has barred import of poultry and poultry products from India for a second time in 2012 following an outbreak of bird flu virus in Karnataka? The decision was taken following reports that an avian influenza outbreak in Bangalore was confirmed by the World Organisation for Animal Health (OIE) last week. This is the second time in a year that this country has imposed a ban on poultry products from India after a similar move in March.
[C]Saudi Arab

5. On Monday, 12th November 2012, the September IIP number slipped to negative, dissapointing the market that immediately slipped into the red. By what percentage the Index of Industrial Production (IIP) showed a degrowth in September, missing analyst estimates of a 2.8 per cent growth?

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