Current Affairs Questions-Answers for May 2012–One-liner

Update your general knowledge & knowledge in the current affairs segment with the crisp one-liner question-answer for May 2012 designed to further your preparation process for competitive examination. Aspirants for Bank Po, Civil Services and other other candidates preparing for UPSC exams can refer to the questions-answers for thorough and detailed study.

• Union minister of labour and employment Mallikarjun Kharge on 1 May 2012 inaugurated this facility to bring transparency and accessibility for employers in depositing monthly EPF contributions of their workers. - E-Challan and Receipt (ECR) facility
• Reserve Bank of India published guidelines for implementation of this new global capital adequacy norm by March 2012 - Basel III
• Vice President Hamid Ansari on 3 May 2012 presented Dada Saheb Phalke Award 2011 to Renowned Bengali Actor Shri Soumitra Chatterjee
• Reserve Bank of India (RBI) raised the interest rate ceiling on NRI deposits in foreign currencies by up to this per cent. - 3%
• Noted Tamil writer known for his novel Thanneer and other works was declared the recipient of the 6 NTR National Literary Award on 4 may 2012. - Ashokamitran
• Union Finance Minister Pranab Mukherjee was elected as Chair of this renowned financial institution- Asian Development Bank’s (ADB) Board of Governors
• Yesteryear actress Sushma Seth and Miss India World Vinya Mishra were awarded with this prestigious award on 6 May 2012. - Kalpana Chawla excellence award
• Union government on 7 May 2012 declared that this coal company will sign Fuel Supply Agreements with the power plants identified by the Central Electricity Ministry of power.- Coal India Limited
• A jury under the banner of the Prime Minister, Dr. Manmohan Singh on 7 May 2012 selected him to be the first recipient of the Tagore Award for Cultural Harmony. - Pandit Ravi Shankar
• Ministry of Culture on 8 May 2012 entered into an agreement with this international university for establishing the Indian Ministry of Culture Vivekananda Chair. - University of Chicago, USA
• Cabinet Committee on Economic Affairs (CCEA) on 10 May 2012 approved the proposal for implementation of this yojna in Chhatrapati Sahuji Maharaj Nagar District of Uttar Pradesh. - Indira Gandhi Matritva Sahyog Yojana (IGMSY)
• Cabinet Committee on Economic Affairs (CCEA) on 10 May 2012 approved the amendments in the special scholarship scheme for this state by including students who pass their class 12 from CBSE affiliated schools located in the state. - Jammu and Kashmir
• Minister of Science & Technology and Earth Sciences Vilasrao Deshmukh on 24 May 2012 inaugurated high altitude cloud physics laboratry at this place in Maharashtra. – Mahabaleshwar
• This IPL franchise won the IPL Season 5 on 27 May 2012. – Kolkata Knight Riders
• Former Uttar Pradesh Chief Minister and Samajwadi Party chief Mulayam Singh Yadav was presented with the prestigious international award on 28 May 2012. - International Jurists Award – 2012
• This Socialist leader became the President of France, ousting Conservative incumbent Nicolas Sarkozy – Francois Hollande
• This Russian political leader was sworn in as Russia's President for a third term –Vladimir Putin
• Prime Minister of this European nation defended European Union fiscal pact, austerity policy – Spain
• The United Nations adopted global guidelines for this purpose – to defend the land rights of poor farmers globally
• Sri Lankan President Mahenda Rajpaksa announced to release this former Army Commander of Sri Lanka -  Sarath Fonseka
• India became the largest importer of arms surpassing this country – China
• This Visually-challenged Chinese activist arrived USA  with his family - Chen Guangcheng
• This former Libyan intelligence officer and the only person convicted of the 1988 Lockerbie bombing which killed 270 people, died at his home in Tripoli - Abdelbaset al-Megrahi
• This country successfully test-fired a new intercontinental ballistic missile capable of piercing defence systems being developed by the U.S - Russia
• This Pakistani doctor who helped the CIA confirm the presence of al-Qaeda leader Osama bin Laden in the Abbottabad house where he was killed on May 2 last year was sentenced to 33 years imprisonment under the colonial vintage Frontier Crimes Regulation (FCR) – Shakeel Afreedi
• UN Climate talk started in this German city -  Bonn
• This Republican leader won the Republican nomination for the 2012 US Presidential elections – Mitt Romney