Monday, December 3, 2012

Daily Current Affairs Quiz: 3 December 2012

1. In the campaign provocatively titled 'Conspiracy Uncovered' and launched in the US, an Indian IT Services company has taken pot shots at the Indian outsourcers' mainstay 'time and material model', in which companies charge clients based on the number of engineers working on a project and the number of hours they put in, as the "No.1 enemy of mega corporations". The advertisement published primarily in newspapers such as the New York Times, Wall Street Journal and the Financial Times goes on to invite US corporations to switch to 'business outcomes model,' where a service provider shares the risk of clients and gets paid only when they achieve business outcomes. Which company has put up this advertisement campaign?
[Category: IT and Business Current Affairs]

2. Beginning January 1, 2013, you will no longer be able to use bank cheques that do not conform to the new standards. The new cheques have additional security features, making it difficult to counterfeit. Under the new system, cheques will be cleared in a day against three days taken on an average at present. The system has had a successful pilot run in a few pockets after the Reserve Bank of India (RBI) issued the roadmap for migrating to the new structure in a circular issued last December. The new system will do away with the need for physical movement of cheques from a bank branch to a clearing house before the amount is credited to the customer’s account. Instead, entrenched with standardised features such as watermarks and a pantograph, cheques will be cleared electronically through an encrypted and highly secure online gateway. What is the name of the new system/standard?
[Category: Bank Current Affairs]
[A]Cheque Transaction System
[B]Cheque Truncation System
[C]Cheque Termination System
[D]Cheque Transfer System

3. In an official statement released on 2nd Decmebr 2012, Adlabs Entertainment said that it is building a Rs 1,600-crore theme park near Mumbai, which will open its doors to public in March next year. The project is located on the Mumbai-Pune Expressway and will have a theme park, hotels and a water park. Spread over 110 acres, the theme park will have about 21 international standard rides. What is the name of the park?
[Category: Companies and Industry Current Affairs]
[A]Adlabs World
[B]Adlabs Imagica
[C]Adlabs WonderLand
[D]Adlabs Amusetainment

4. Over 50 million provident fund subscribers can now access their account statements online as EPFO launched its online service on 30th November 2012. The facility will be available on the website- The members will now be able to access the service, if they are active and Electronic Challan-cum-Return is being uploaded by their employer. Holders of inoperative accounts (accounts where there is no contribution in the preceding 36 months), however, cannot access this facility. What is the name of the service?
[Category: India Current Affairs]
[A]Fund Online

5. Hero Women’s Indian Open 2012 was played at DLF Golf & Country Club, Gurgaon from 30 November 2012 to 2nd December 2012. 14-year-old amateur Aditi Ashok was the best placed Indian with a tied eighth-place finish in the tournament. However Thailand's player make a record by winning the Hero Women's Indian Open for the third time. Which player won the tournament final played on Sunday?
[Category: Sport Current Affairs]
[A]Pornanong Phatlum
[B]Nontaya Srisawang
[C]Pulsawath Pennapa
[D]Yoopan Tiranan

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