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Sunday, December 23, 2012

Daily Current Affairs Quiz: 23 December 2012

1. The finance ministry on Friday, 22 December 2012, increased the foreign direct investment cap for asset reconstruction companies (ARCs) to ________ per cent from the current 49 per cent, a move aimed at bringing more foreign expertise in the segment. The foreign investment in ARCs would need to comply with the FDI policy, including the one related with sectoral caps. Further, foreign investment limit of 74% in ARC would be a combined limit of FDI and FII. With this change in the policy, "the prohibition on investment by FII in ARCs will be removed". The total shareholding of an individual FII shall not exceed 10% of the total paid-up capital. Earlier, Foreign Institutional Investors (FIIs) were permitted to invest only in Security Receipts (SRs) issued by ARCs upto 49% of each tranche of scheme of SRs.
[Category: Economy & Policy Current Affairs]

2. A number of protesters who stay put at Raisina Hill to protest the gang-rape of a young girl were evacuated early morning on 23rd December 2012. The protesters, who spend a chilly night in the open after they fought pitched battle with police throughout the day yesterday, were taken into a bus by police. Police had also picked up protesters from outside Congress chief Sonia Gandhi's 10, Janpath residence in the wee hours today. All routes leading to Rashtrapati Bhawan have been barricaded. Vijay Chowk has been completely cleared by police. Section 144 has also been imposed in New Delhi district and four metro stations near India Gate - Patel Chowk, Central Secretariat, Udyog Bhawan and Race Course - have been shut from Sunday morning till further orders. What is Section 144?
[Category: India Politics Current Affairs]
[A] Information in cognizable cases
[B]Information as to non-cognizable cases and investigation of such cases
[C]Unlawful assembly: It empowers a magistrate to prohibit an assembly of more than five people in an area
[D]Contempts of Lawful Authority of Public Servants

3. The world's largest aircraft financier, has filed a case against the country's aviation regulator for delayed deregistration of two Kingfisher Airlines aircraft, accusing the Indian administration of helping Vijay Mallya, the bankrupt airline's billionaire owner. The German firm has also vowed to suspend all funding to Indian carriers casting doubts over future purchase programmes of airlines such as Indi-Go and Jet Airways. The two Kingfisher aircraft in question are now located in Turkey and under the possession of DVB, but the hapless German bank is finding it impossible to deregister the aircraft from India and proceed with its sale. Can you name the aircraft financier?
[Category: International Business Current Affairs]
[A]DVB Bank
[B]DBS Bank
[C]DCB Bank
[D]DBC Bank

4. India batting great and one of the game's all-time greats, Master Blaster Sachin Tendulkar has announced his retirement from one-day cricket on Sunday, 23rd December 2012. Tendulkar made the announcement after speaking to Board of Control for Cricket in India president Narainswamy Srinivasan. Tendulkar, considered the most complete batsman in modern cricket and one who was considered next only to the legendary Sir Donald Bradman, retires from the ODI format at the top of the run-getters' list. Tendulkar goes out after amassing 18,426 runs in 463 one-dayers at an average of 44.83. How many centuries (100s) he has made in One Day cricket format?
[Category: Sports Cricket Current Affairs]

5. On Sunday, 23 December 2012, Chief Justices of three High Courts were elevated as judges of the Supreme Court, increasing the strength of the apex court to 28. Justice M Yusuf Eqbal, Justice Venkategowda and Justice Vikramjit Sen were today appointed as judges of the Supreme Court, in that order of seniority. For which high courts they were the Chief Justices?
[Category: Legal Current Affairs]
[A]Allahabad, Orissa, Karnataka
[B]Madras, Orissa, Karnataka
[C]Madras, Karnataka, Patna
[D]Mumbai, Orissa, Allahabad