Monday 13 January 2014

12-13 January 2014 – Current Affairs


Read this in Hindi

1) What is the name of world’ first Bitcoin storage service that insures deposits of the digital currency against hackers and accidental loss, which was opened on London on 12 January 2013? – ‘Elliptic Vault’ (Bitcoin is a virtual currency that can be generated through complex computer software systems with solutions shared on a network. Although, the digital currency is gaining popularity, concerns about its security are on the rise. Online wallets used to store Bitcoins have been subject to a number of cyber-attacks and some users have also suffered from accidental loss. Unlike money stored in a conventional bank, Bitcoins are not insured and there is no way of retrieving them. Elliptic Vault’s founders claim they are the “first in the world” to offer insurance for Bitcoin owners)
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2) Ariel Sharon, who passed away on 11 January 2014, was the former Prime Minister of which country? – Israel (Sharon, a hardliner revered by Israelis as “Mr. Security” for his contributions in all the major wars fought by Tel Aviv and reviled across the Arab world as the “butcher of Sabra and Shatila”, was elected prime minister in 2001 and served until he suffered a stroke that left him comatose in January 2006)
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3) Bangladesh Prime Minister Sheikh Hasina began her second successive innings in government leading a 49-member Cabinet which was sworn-in on 12 January 2014. This is her third term as Prime Minister of Bangladesh. She first became PM of her country in which year? – 1996 (In the new parliament, Jatiya Party is going to play a dual role as its leader Raushan Ershad will be Leader of the Opposition while several partymen were inducted as ministers. Ershad’s wife, Raushan Ershad, has replaced Begum Khaleda Zia, who was the Leader of the Opposition in the last parliament. Khaleda Zia’s BNP had boycotted the parliamentary polls)
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4) Indian government will on 30 January 2014 revise upwards its Gross Domestic Product (GDP) growth rate estimate for 2011-12 to about 7% from 6.2%. Why this upward correction will be done? – To address the problem of earlier underestimation of industrial output (The sharp revision in official data for GDP growth assumes significance in the wake of severe criticism from the Opposition of the Government’s performance on economic management. GDP data for a fiscal undergoes three rounds of revisions; the process takes three years. The Central Statistical Office’s (CSO) is scheduled to release the Second Revised Estimate for 2011-12 on January 30. The First Revised Estimate for 2011-12 was 6.2%)
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5) ‘Driven’, a book released recently, has been written by a former a Civil Servant Turned Entrepreneur. Who is he? - Jagdish Khattar (Jagdish Khattar is a former IAS officer who became an entrepreneur after his successful career as Managing Director (MD) of Maruti Suzuki, India’s largest automaker. After leaving Maruti Suzuki Khattar founded his enterprise ‘Carnation’, which deals with selling of used cars)
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6) Who during January 2014 took over as the 109th Mayor of New York? – Bill de Blasio (He had defeated Joe Lhota by a landslide margin the elections held for the post during November 2013. He replaced Michael Bloomberg, who was one of the most influential New York mayors)

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