1) The NDA-led Union Govt. on 30 May 2014 cleared the Department of Industrial Policy and Promotion’s (DIPP) draft seeking to hike foreign direct investment (FDI) in the Defence sector up to 100%. This draft was released by the Commerce Ministry and is aimed at minimising defence imports in the country and encouraging local manufacturing. What is the maximum FDI limit in the defence sector presently? – 26%(Last year alone, India imported nearly $1.9 billion of military equipment from the United States, making it the biggest foreign buyer of US weapons)
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2) Who was appointed as the new National Security Adviser to the Prime Minister by the Union Govt. on 30 May 2014? – Ajit Kumar Doval (Ajit Doval is a former chief of the Intelligence Bureau (IB) during the earlier NDA regime of Atal Bihari Vajpayee. Doval replaces Shivshankar Menon)
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3) Curtains may be down on the UP Stock Exchange (UPSE), Uttar Pradesh’s only trading platform, as the deadline issued by the Securities and Exchange Board of India (SEBI) expired on 30 May 2014. The SEBI had fixed conditions for UPSE according to which the annual turnover of the exchange would have to be around Rs. 1,000 crore and its net-worth should be at-least Rs. 100 crore. In which city is the UPSE situated? – Kanpur (Kanpur-based UPSE failed to meet any of the two conditions prescribed by the SEBI)
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4) Who resigned from the post of President of Gujarat Cricket Association on 29 May 2014? – Narendra Modi (Modi was first elected unopposed as the head of GCA in September 2009, when a 16-year Congress dominance at the body ended. He had then replaced Narhari Amin, who had remained at the helm of GCA since 1993. Amin is a member of the BJP now)
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5) The logo for the upcoming Government of Telangana was released recently. The new state of Telangana would come into existence on 2 June 2014. Who designed this logo which features Charminar and decorated Gateway from the Kakatiya dynasty? – Laxman Aelay (Aelay is a native designer from Telangana region and he has tried to capture the essence of India, Telangana culture and Hyderabadi tehzeeb with local ethos in pleasing colours in the logo)
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6) Names of two Indian-American school boys Ansun Sujoe and Sriram Hathwarcame to limelight on 30 May 2014 in the U.S. because – They jointly won the National Spelling Bee for 2014 and thus became the first joint-winners of this coveted trophy since 1962 (Ansun and Sriram scripted history by becoming co-champions of the famed Scripps National Spelling Bee after a tense final to end the duel in a tie for the first time in 52 years. Scripps National Spelling Bee is the most famous spelling competition for school students of the US)
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