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November 1, 2014 accounts as well as for transactions done by savings bank account holders at ATMs situated outside these six metro centres. Banks are also free to offer free transactions above this mandated limit. 2) Devendra Fadnavis took the oath as the new Chief Minister of Maharashtra on 31 October 2014 at a glittering ceremony held at Mumbai‘s iconic Wankhede Stadium. He became …………Chief Minister of state – 27th Explanation: Fadnavis became th 27 Chief Minister of Maharashtra and the 18thperson to hold this post. He also 1) New restricted free monthly ATM became the fourth politician from usage regime came into effect in 6 Vidarbha region and the second metro cities of the country from 1 youngest to become Chief Minister of November 2014. Under this regime the Maharashtra. The oath was number of mandated free transactions administered by Maharashtra Governor for savings bank account holders at Vidysagar Rao. Eknath Khadse, Sudhir other bank ATMs located in six metros Mungantiwar, Vinod Tawde, Pankaja has been reduced from five to ……..per Gopinath Munde and Vishnu Rama month – Three Savra took over as Cabinet Ministers. Explanation: This restricted free monthly ATM usage regime came into effect in country‘s 6 metro cities 3) Warren Anderson, the former chief of Mumbai, New Delhi, Chennai, Kolkata, Union Carbide, died on 29 September 2014 at a nursing home in Vero Beach, Bengaluru and Hyderabad. The choice of 6 metros for introducing this regime Florida according to public records. was made primarily due to well-served Anderson was wanted in India in payment infrastructure available here. connection with the 1984 Bhopal gas This reduction in the number of tragedy in which over 3,000 people mandated free transactions will, were killed. This tragedy took place on CURRENT AFFAIRS AFFAIRS CURRENT however, not apply to customers having which date? – Midnight of 2 December 1984 2 no-frills/small/Basic Savings Bank Deposit Account (BSBDA) type of Page Explanation: The Bhopal horror began able to cruise through the toll plazas around midnight on 2-3 December 1984 without the hassle of stopping for paying when a chemical reaction in a plant, cash with Axis Bank and ICICI Bank owned by US company Union Carbide facilitating electronic Toll Collection that made insecticides, caused a leak of service at all Toll Plazas on the National toxic gases (primarily Methyl iso- Highways. cyanide) that swept through the surrounding community. The Madhya Pradesh government confirmed 3,787 5) Who took over as the Secretary deaths as a result. More than a half Economic Affairs on 31 October 2014 to million people were injured, with many complete the official-level makeover of dying from illnesses, including lung Finance Ministry? – Rajiv Mehrishi cancer, kidney failure and liver disease. Warren Anderson was heading Union Explanation: Rajiv Mehrishi succeeded Carbide at that time and he reached Arvind Mayaram who was shifted to Bhopal 4 days after the mishap to be Ministry of Minority Affairs on 30 arrested immediately. But after quickly October 2014. Earlier on 16 October paying bail, he never returned to face 2014 Arvind Subramaniam joined as the trial. In 1989, Union Carbide paid $470 new Chief Economic Advisor. million to the Indian government to settle litigation stemming from the disaster. His death was not made public 6) Which bank became the second after by his family and was revealed from United Bank of India to tag Vijay Mallya- public records. owned Kingfisher Airlines (KFA) as a wilful defaulter? – UCO Bank Explanation: UCO Bank is amongst the 4) What is the name of the Electronic consortium of 17 banks that have a total Toll Collection (ETC) programme that exposure of Rs. 6,500 crore in KFA. was launched by the Union Government While the consortium is led by SBI, on 31 October 2014 on the National UCO on its part is said to have lent Rs. Highway 8 (NH-8) to enable motorists to 300 crore. The grounded airline was pay tolls electronically without stopping earlier declared a wilful defaulter by at the toll plazas? – „FasTag‟ United Bank of India. According to Explanation: This programme has Reserve Bank of India‘s (RBI) been launched by Ministry of Road guidelines a wilful defaulter is one who Transport & Highways, National has the capacity to repay but chooses Highway Authority of India (NHAI) and not to do so. The money borrowed is Indian Highways Management being used for purposes other than for Company Limited (IHMCL) in which it was taken. partnership with private sector banks ICICI Bank and Axis Bank. It was th launched on the 1,428-km highway 7) The 139 birth anniversary of Sardar CURRENT AFFAIRS AFFAIRS CURRENT Vallabhbhai Patel on 31 October 2014 (NH-8) which connects the country‘s 3 national capital Delhi with financial was celebrated as the first edition of – capital Mumbai. FasTag users will be Page “Rashtriya Ekta Diwas” (National the first home minister of the country Unity Day) and is credited with persuading more than 500 princely states to accede to Explanation: The Union Government the Indian union post-Independence. On during October 2014 had decided to the occasion of first National Unity Day observe the birth anniversary of Sardar ‗Run For Unity‘ were organised all over Vallabhbhai Patel on 31 October as the country and a pledge to maintain ―Rashtriya Ekta Diwas‘ (National Unity unity was taken by all government Day) every year. Sardar Patel, employees as well as school and nicknamed the Iron Man of India, was college students. November 2, 2014 proposal. Apart from Bangalore and Mysore, the other cities that formally get new old names are : Belgaum – Belagavi, Mangalore – Mangaluru, Gulbarga – Kalaburagi, Hubli – Hubballi, Shimoga – Shivamogga, Chikmagalur – Chikkamagaluru, Bellary – Ballari, Bijapur – Vijapura or Vijayapura, Hospet – Hosapete and Tumkur – Tumakuru. 1) From 1 November 2014 Bangalore 2) Which country‘s central bank officially became Bengaluru and surprised global financial markets on Mysore became Mysuru. Altogether 31 October 2014 by expanding its the name of how many cities and massive stimulus spending, which towns of Karnataka state was reverted resulted in rally in global stock markets to their old Kannada names from this and India‘s Sensex hitting an all-time day? – Twelve high on the day? – Japan Explanation: The name of 12 Explanation: Bank of Japan (BOJ), Karnataka cities and towns was the central bank of Japan announced changed on the occasion of the its decision to buy more assets as a 59thFormation Day of the state. The preemptive strike to keep policy on state had sought the Centre‘s track. The bank would accelerate CURRENT AFFAIRS AFFAIRS CURRENT clearance for the change in names in purchase of Japanese government 4 2006. The Union Home Ministry had bonds to increase its holding annually during October 2014 cleared this by ¥30 trillion ($725 billion) and triple Page its purchases of exchange-traded Public Finance and Policy (NIPFP) funds and real-estate investment recently? – Vijay Kelkar trusts. But this move of BOJ was Explanation: Vijay Kelkar was the criticized by numerous economists former Chairman of the 13th Finance who wondered if pushing even more Commission and he succeeded former money into the financial system would PMEAC chairman C. Rangarajan. be effective as long as consumer National Institute of Public Finance confidence continues to worsen and and Policy (NIPFP) is a think tank for demand remains weak. The BOJ‘s doing applied research in the field of move stands in marked contrast with public finance and is based in New the Federal Reserve, the central bank Delhi. of United States, announced closing its monthly bond purchase programme on 29 October 2014. 5) What was the name of the ambitious rocket plane of entrepreneur Richard Branson‘s space company 3) What is the name of the Army Virgin Galactic that was meant to carry officer who appeared to seize power in rich tourists on short space rides and African country Burkina Faso on 1 which crashed on 31 October 2014? – November 2014 a day after country‘s SpaceShipTwo longtime President Blaise Compaore announced his resignation promising Explanation: SpaceShipTwo was the early elections? –Lieutenant Colonel rocket plane for Virgin Galactic, the Issaac Zida space tourism company created by the entrepreneur Richard Branson, and Explanation: Lieutenant Colonel Scaled Composites, the company that Issaac Zida apparently took control of designed and built the plane. The the country after reports of heavy plane crashed in the Mojave Desert on gunfire near the presidential palace 31 October during a test flight, killing early on 1 November. He was the one of the two pilots. Crash of operational commander of the elite SpaceShipTwo came as a major presidential guards. The unfolding setback for commercial space crisis was being closely watched by industry. Virgin Galactic, which hoped the United States and former colonial to begin tourist flights next spring, power France, which were close already has more than 700 military allies of Compaore. Under his reservations, initially sold for $200,000 rule, Burkina Faso became a key ally a seat before rising to $250,000 last in Western operations against al year. Qaeda-linked groups in West Africa. 6) China on 1 November 2014 CURRENT AFFAIRS AFFAIRS CURRENT 4) Who was appointed as the new completed its first return mission to the Chairperson of the National Institute of 5 Moon with the successful re-entry and landing of an unmanned probe. The Page mission was launched to test Mongolia region on 1 November after technology to be used for China‘s taking some very good photographs of fourth lunar probe. What is the name the Earth and the moon. China sees of this ambitious mission which aims to its multi-billion-dollar space gather samples from the moon‘s programme as a marker of its rising surface and will be launched around global stature and mounting technical 2017? – Chang‟e-5 expertise.