March 2013 Current Affairs News Quiz - 2 March 2013

1. Wharton India Economic Forum (WIEF) is scheduled on 23 March 2013 in Philadelphia, USA. The speakers at the conference includes Gautam Adani, chairman of the Adani Group; Milind Deora minister of state for information and technology and communications; Atul Nishar, chairman Hexaware Technologies and Ron Somers, president of US India Business Council. There are two speakers who would deliver the address via live video conference. Can you name them?
[Category: World Business Current Affairs]
[A] Narendra Modi and Montek Singh Ahluwalia
[B] P Chidambaram and Montek Singh Ahluwalia
[C] Narendra Modi and Kamal Nath
[D] Narendra Modi and APJ Abdul Kalam


2. As per the announcement by Finance Minsitry on 1st March 2013, Mauritius-bases foreign institutional investors (FIIs) who have provided tax residency certificates (TRC) from their home country dont have to pay capital gains tax if they sell the listed securities they hold in India before the introduction of the GAAR, which is scheduled to be effective from April 2016. What dos GAAR stands for?
[Category: Economy Current Affairs]
[A] General Anti-Avoidance Residency
[B] General Authority of Avoidance Rules
[C] General Anti-Authority Rules
[D] General Anti-Avoidance Rules


3. On 1st March 2013, with which country India has signed an agreement to strengthen collaboration in the field of earth sciences and help improve forecasts about climate- related phenomenon?
[Category: International Relations Current Affairs]
[A] United States of America
[B] Australia
[C] United Kingdom
[D] Germany


4. A former Chief Minister of an Indian state, Madhu Koda and his accomplice Vikash Kumar Sinha were granted bail on 1st March 2013 by the Supreme Court for their alleged role in a money laundering case. However he will remain in prison in connection with bribery and other offences. He was the CM of which Indian State?
[Category: Indian Politics Current Affairs]
[A] Karnataka
[B] Jharkhand
[C] Uttarakhand
[D] Bihar


5. The state run oil companies have hiked the petrol prices by Rs ___________from 2nd March 2013. The hike is excluding local sales tax or VAT and the actual increase in rate for consumers will be higher after including the tax incidence. As per the oil companies, a rise in international oil prices and depreciation in rupee have necessitated increase in price of petrol.
[Category: Latest Current Affairs]
[A] 1
[B] 1.2
[C] 1.4
[D] 1.5