Questions

Usain Bolt is branded as "Fast Man on Earth".

The data bus is Bi-directional because the same bus is used for transfer of data between Micro Processor and momory of input / output devices in both the direction.

Hedging is a tool to minimize the risks. It is thus like an 'insurance' where one pays a premium but gets an assured amount in case of some uncertain event to the extent of the loss actually suffered on an equally opposite position for which the hedge was done. Thus, hedger is different from arbitrageur and speculators, as the intention here is not to maximize the profit but to minimize the loss.

E.g. In Capital Markets, suppose an investor has an equity portfolio of Rs. 2 lacs and the portfolio consists of all the major stocks of NIFTY. He thinks the market will improve in the long run but might go on a downside in the shortrun. NIFTY today stands at 4300. To minimize the risk of downfall, he enters into an option contract by buying NIFTY-PUT of strike 4300 at a premium of, say, Rs. 100. Thus, the actual amount paid is Rs. 5,000(lot size of NIFTY is 50). Also, the number of NIFTY-PUTs to be bought will vary on the beta of the portfolio so as to completely hedge the positon. 

Om Prakash Rawat is the Chief Election Commissioner of India where Ashok Lavasa & Sunil Arora are the Election Commissioners of India. The Election Commission of India had announced Assembly elections for 5 states recently.

India's first Indian Institute of Skills will get in 3 locations viz. Mumbai, Kanpur and Ahmedabad in the country. Ministry of Skill Development and Entrepreneurship has approved the proposal to set up Indian Institute of Skills (IISs) on Not-for-profit Public Private Partnership (N-PPP) basis.

The reason behind these institutes is to promote further growth of the Indian Skills sector overall, new measures have been initiated by the Government of India to establish state of the art training institutions called Indian Institutes of Skill (IISs).

Lord Ripon was the Viceroy of India from 1880 to 1884. He introduced Local Bodies (Local Self Governance) in 1882 and showed the taste of independence to Indians.