Online Latest Daily Current Affairs Quiz: 2nd January 2013

1. On 2nd January 2013, Finance Minister P Chidambaram announced that Government has constituted the 14th Finance Commission and appointed former RBI Governor as the chairman of the commission. The commission will submit the final report on 31 October 2014 and will give the fiscal roadmap from financial year 2016. Finance Commission, a constitutional body, is set up every five years. The Commission lays down principles governing the grants-in-aid to states and other local bodies for a five-year period beginning April 1, 2014. Who has been appointed as the chairman?
[Category: Economy Current Affairs]
[A]Vijay Kelkar
[B]C.Rangarajan
[C]Y.V. Reddy
[D]A.M.Khusro


2. LG Electronics Inc started taking orders on Wednesday, 2nd January 2013, for OLED televisions, hoping to take the initiative over its rival Samsung in the next-generation technology. The OLED technology is considered the future of consumer electronics displays and promises to change the way people use TVs, computers, tablets and smartphones. OLED is more energy efficient and offers higher contrast images than LCD. It is so thin that future mobile devices will be unbreakable and will be able to be folded or rolled like paper. What is OLED?
[Category: 2013 Current Affairs]
[A]Organic Liquid-Emitting Display
[B]Organic Light-Emitting Diode
[C]Obscure Light-Emitting Display
[D]Overtly Light-Emitting Display


3. The Supreme Court on Wednesday, 2nd January 2013, upheld the appointment of the retired Justice as the Lokayukta of the state. An apex court bench of Justice BS Chauhan and Justice FM Ibrahim Kalifulla said governor Kamla Beniwal appointed the retd justice as the state's lokayukta after due consultation with the chief justice of Gujarat high court as provided under the statute. The court was hearing a petition by the Gujarat government challenging a state high court verdict upholding his appointment. Who is the Lokayukta of Gujarat?
[Category: 2013 India Current Affairs]
[A]S C Khanduja
[B]B C Roy
[C]V K Narayanan
[D]R A Mehta


4. On 1st January, 2013, Haryana Labour Minister in the Congress Government Shivcharan Sharma was at the centre of a controversy when he described Geetika Sharma as a “servant” of his former ministerial colleague Gopal Kanda, who is the prime accused in her suicide case. Geetika was a former employee of a company owned by prime accused Gopal Kanda. What is the name of the company?
[Category: Politics India Current Affairs]
[A]MDLR Airlines
[B]Kanda Real Estate
[C]MDK Aviations
[D]MDLK Avionics


5. America's long-running fiscal cliff crisis was finally resolved on Tuesday, 1st January 2013, when Congress voted in favour of a White House compromise that will impose tax rises on the wealthiest and spare the working-class and middle-class. The bill is a short-term, messy compromise. Without the bill, every taxpayer in America would have faced rises from 1 January. Instead, the increases are confined to the top ________ % wealthiest part of the population.
[Category: International Economics Current Affairs]
[A]1
[B]2
[C]3
[D]5