Profit And Loss...

It's a form of banking where there is no charging of interest, instead the the financial institution and the individual share the risk of loss or the fruits of profit. Also, it deals in good and services and not in money. Speculation is not a part of this form of banking and investments are not made in certain areas like- alcohol, gambling, pornography etc. Several economist feel that there wont have been a global economic crisis if such a banking practice was in place. This thought has also led to the rise of institutions which provide the said form of banking. UK has been one of the foremost to adopt it. SBI has promoted it in India.

What kind of banking is being considered as a more dependable form?

RIP Missile Man

RIP Dr.APJ Abdul Kalam

Here's a question in his memory:

APJ's alias while supervising preparations for Pokhran II was X, an in-joke that referred to the Y missile he developed, and the fact that X defended India from Ghauri (Ghauri : also the name of the Pakistani version of N.Korean Rodong missile) Here's the story:

"By noon, the winds still hadn't abated and the outside temperature was a searing 43 degrees Celsius. R. Chidambaram, Atomic Energy Commission chairman, dressed as Major General Natraj(Extra points for those who can tell why "Natraj"), removed his Gorkha hat to stop sweat from streaming down his face. On his left, A.P.J. Abdul Kalam, scientific adviser to the defence minister and chief of the Defence Research and Development Organisation, also incognito, sat impassively. For Operation Shakti, as the nuclear tests were called, Kalam was known as X.

But the mane of silvery white hair that stuck out incongruously from his hat was a dead give away. All this was part of the extraordinary precaution the team had taken to prevent news of its frequent visits to the Pokhran range in Rajasthan from leaking out. With the range storming with Army personnel, it made sense for scientists and engineers to don uniforms so that they could move around without attracting attention"

Give
X
Y
 and the reason for the name "Natraj"(optional)

Nasika...

Kaushik Basu is a renowned economist who has worked with GoI in the past and is currently engaged with the World Bank. Mr. Basu is also credited with modifying the Su-doku and making it a two player game called Dui-doku. Apart from this he has also taught at Cornell Univ. In a newspaper article he recalled his meeting with a renowned personality and his curiosity about the surname of that person led to the revelation that it's origin lay in a Sanskrit word "nasika" (for nose). 

Basu's meeting with whom was he describing?

His wish of having a strong representation of 'his tribe' through ________ , his love for a famous singer and one of her renowned songs, his upbringing in a family which owned a women's clothing store and his close association with a politician led to the designing and large scale manufacturing of ___________. He believed it contained all the elements of spirit, harmony, life, nature etc. The original design was modified to cut down the expenses due to one of the raw materials being very expensive.
Now, I want the name of the person, singer/song, the item in question and the expensive raw material ?

Its Raining iPhone 6 This Season !!

X's CEO Y played Santa Claus to top performers in the company during this holiday season. He gifted iPhone 6s to 3,000 employees, an unusual gesture for the company, accompanied by a mail from Y where he addressed the employees as friends. 

Experts feel the effort would be part of an attempt to curb attrition that has been the highest among the top five IT companies of _______(country). X touched a record high attrition rate of 20.1% in the July-September quarter of 2014.Ever since Y took the helm at X, his focus has clearly been on the employees- from easing internal processes to encouraging out-of-the-box thinking. Y has also been stressing on the need to encourage "design thinking", a creative and systematic approach to problem-solving by placing the user at the centre of the experience.

Give X and Y.

Id X and Y.

X was created as an ad-free alternative to existing social networks, such as Facebook and Twitter. 

The X web site was launched on March 18, 2014, complete with a manifesto that claimed to distinguish it from social networks such as Facebook. The site promised it would never sell user data, proclaiming that "You Are Not A Product".

The social network service officially launched on April 3, although membership registration was only by invitation.

X gained added attention in September 2014, when numerous members of the Y  community left Facebook following the controversial enforcement of its real-name policy, thought to be intended to exclude drag queens in San Francisco.

At its peak, the social network was processing more than 30,000 signup requests an hour.

It is estimated that 20% of sign ups remain active on the site one week after registration

Id X and Y.

"Beauty Is in the Eye of the Beer Holder"
"Dung Beetles Use the Milky Way for Orientation"
"An Onion Enzyme that Makes the Eyes Water"
"Are Cows More Likely to Lie Down the Longer They Stand?"

Id and put funda.

Surely, You're Joking Mr. Feynman !

• X was in news in 2009 regarding a sport Y. It became a topic of heated debate and eventually ended with the rules and regulations of Y being modified.
• The concept of X was first postulated by Richard Feynman in the 1950s.
• It is exemplified in complex high end systems such as the Zytek, Flybird,Torotrak and Xtrac used in the sport.

Hope this gets upvoted !

Id these two gentlemen and their claim to fame.

NSIT Quiz Fest '13 Archives: General Quiz Finals Q29

Finals Q29

 

Answer:The meteorite crash site in Chelyabinsk

NSIT Quiz Fest '13 Archives: General Quiz 13

Finals 13:

Identify the two missing names from this list of prospective Popes on the betting website

paddypower.com. 

Answer:Richard Dawkins

Bono

Things kids do these days...

Who is this little girl, and what has she been upto that has brought her into the limelight?

Answer: She is 10 year old Aishwarya Parashar, who has been on an RTI filing spree, asking for historical proof behind Hockey being our national sport, Independence and Republic day being national holidays and Mahatma Gandhi being called the Father of the Nation.

The government is, expectedly, befuddled and has not been able to find anything of note.

Source: 1, 2, 3

Cracked by Ali and VK Handa

A Fitting Monument

The picture below shows people walking past a section of a particular installation. Just identify, and give the exact name of its current location. Extra points for some elaboration. :)

Oh, The Irony.

Why was this sculpture in the news suddenly? Bonus points for location.




Ans: This is indeed the statue of Karl Marx at Chemnitz, in Germany. It was chosen by customers to appear on credit cards issued by the bank Sparkasse Chemnitz in collaboration with MasterCard..
Indian cracks it.

What building is seen here?Why has it been in the news recently?

Identify the group and give me the lady on the bottom left.

All who attempt get the lady right. Full Points only to Deeraj and Indian.

Answer: This is the Uday Shakar Ballet Troupe and the lady is none other than our very own centurion Zohra Sehgal

Who?Where?What for? Funda pleez.

Ans. These are members of the Polish parliament holding Guy Fawkes masks to protest against the Anti-Counterfeiting Trade Agreement (ACTA).

Trolling?

What's happening in the image below?

Cracked by indian.

Answer: This is Yishan Wong, verifying himself as the new CEO of Reddit.

Source: http://www.reddit.com/r/blog/comments/qnyy7/new_reddit_ceo_reporting_for_duty/c3z2klk

Sitter

A horse fly, recently named after a famous celebrity. Who?
Answer: Beyonce Knowles
Cracked by all!

Of Legends and Feats

A group of 4 guys who share a common feat. ID the 4th person, who's missing from the group and connect the 4.

Answer: Tim Howard. These are the only goalkeepers to have scored a goal in the English Premier League
Full points to rishwin