Current Affairs Questions and Answers - Sept 19, 2015

1)   Executive Council of Nehru Memorial Museum and Library has accepted the resignation of which officer on 18th September 2015?

a. Council chairperson Lokesh Chandra
b. Director Mahesh Rangrajan
c. Vice Chairman M. J. Akbar
d. President Pratap Bhanu Mehta
Answer  Explanation  Related Ques

ANSWER: Director Mahesh Rangrajan

Director Mahesh Rangrajan has submitted his resignation to the executive council of NMML. Joint Secretary in cultural ministry in charge of NMML will be made into the officiating director. Rangarajan was appointed Director of NMML in June 2014 by the UPA government headed by PM Manmohan Singh. He is a teacher and author with special interest in environment and colonial history. NMML is a memorial to Jawaharlal Nehru and it is located in the Teen Murti House campus at Rashtrapati Bhawan. Teen Murti house was designed by R. T. Russel and building during 1929-1930 as part of Edwin Lutyen’s imperial capital.

2)   A painting by a Goa born artist has broken the world record for an Indian work of art. The painting is by :

a. Francis Newton Souza
b. Jehangir Sabavala
c. M. F. Husain
d. V. S. Gaitonde
Answer  Explanation 

ANSWER: Francis Newton Souza

Goan artist Francis Newton Souza’s epic work titled Birth sold for an astounding $4 million (Rs 28 crore approx) at a Christie's sale. The previous record for the country's priciest piece of art was held by V S Gaitonde who sold for $3.7 million at Christie's debut auction in Mumbai in 2013. Birth was painted in 1955 and the painting has many subjects found in his early practice.

3)   The new bill on disabilities proposed in September 2015 has increased the list of disabilities to:

a. From 7 to 18
b. From 7 to 19
c. From 6 to 18
d. From 6 to 19
Answer  Explanation 

ANSWER: From 7 to 18

Proposed bill for disability has expanded the list of disabilities from 7 to 19. Centre has established a committee of experts to measure mechanisms for 19 disabilities included in the bill. The 30 member panel includes technical experts and reworked law will create more awareness amidst the target group.

4)   India monk Gyalwang Drukpa in September 2015 helped to restore and renovate which Lord Buddha relics sent by King Ashoka?

a. 2000 year old Nangchen Stupa
b. Ashokan Pillar
c. Huge Golden Statue of Lord Budha
d. All of the above
Answer  Explanation  Related Ques

ANSWER: All of the above

Indian monk, Gyalwang Drukpa has helped to restore Lord Buddha relics sent by Emperor Ashoka. Gyalwang, spiritual head of the Drukpa lineage in Ladakh consecrated the stupa along with an Ashokan pillar and massive golden statue of Lord Buddha on 18th September 2015. Nangchen stupa was first discovered in the Tibetan region. It is one of 19 stupas containing Lord Buddha relics and sent by Emperor Ashoka to China. Of the 19 stupas, 4 stupas including Nangchen have been discovered. The other three are located in Xian, Nanjing and close to Ayuwang in Zhejiang Province. As per legend , close to 2500 years ago, Buddhist disciples recovered a skull bone, 2 scapulas, 4 teeth and 84,000 Sariras or relics. Legend has it that Emperor Ashoka collected the sariras of the Sankhyamuni , stored then in shines and send them to different parts of the world.

5)   The Union Minister of Labour and Employment, B. Dattatreya on 17th September presented which award:

a.Vishwakarma Rashtriya Puraskar- 28 awards shared by 132 individuals
b.National Safety Awards- 53 winners and 42 runners up
c.Swaranajayanti Awards- 30 awards shared by 100 individuals

a. Only a
b. Only a and c
c. Both a and b
d. None of the above
Answer  Explanation 

ANSWER: Both a and b

The VRP and NSA awards for 2013 were bestowed on persons chosen for this honour. For the VRP, of a total of 193 applications, 28 awards were given to 132 individuals. NSA award winners were 53 in number with 42 runners up selected from 199 applications under various schemes. VRP is awarded to workers/groups of workers in 3 categories: Class A- 5 of 75000 rupees each, Class B- 8 of 50000 rupees each and Class C- 15 of 25000 rupees each. NSA was given under 12 schemes from which 10 are for Factories/Construction Sites/Installations under AERB and two are for Ports. The awards have been conferred since 1965 and are operated by the technical wing of the Union Minister of Labour and Employment, the Directorate General Factory Advice Service and Labour Institutes (DGFASLI), Mumbai.

6)   A giant virus M. sibericum has been discovered in Serbia. The following statements about the virus are true:

a. The virus is 30,000 years old
b. It has found to be still functional and capable of infecting hosts other than humans
c. It infected single cell amoebas during the late Stone Age
d. All of the above
Answer  Explanation  Related Ques

ANSWER: All of the above

30,000 year old Mollivirus Sibericum discovered in soil sample around 98 feet below in the Siberian permafrost is a member of a new viral family. This virus which is the fourth family of virus ever found has a diameter wider than other giant viruses. It has a diameter of 600 nanometres as against 500 in other giant viruses. The virus also has a genome of 600,000 base pairs with genetic instructions to generate 500 proteins. This 30,000 year old giant virus has the capacity to infect its host single celled amoebas only.

7)   Which French start up working with the government lab has discovered in-vitro human sperm claiming a breakthrough in treatment of infertility?

a. Kallistem
b. Genestem
c. Spermstem
d. None of the above
Answer  Explanation 

ANSWER: Kallistem

French start up Kallistem has collaborated with the government to create in vitro human sperm through breakthrough in infertility treatment. The sperm has been developed from immature spermatogonial cells which are prevalent in males and develop into sperm cells with the insect of puberty. Technology has to be clinically tested and genesis of research stems from declining male fertility. The researchers developed a bioreactor using a viscous fluid made partly of substances found in the walls of mushrooms or in crustacean shells to reproduce the conditions within the body . The main issue was reproducing in the lab a complex physiological development process that usually lasts 72 days in a human, from immature cell to sperm. In all cases, the entire path taken in the testicle were also taken in the in vitro system.

8)   A group of researchers have found two nesting sites of 6.5 crore years old dinosaurs on September 18, 2015 in which part of the country?

a. Dhar district in MP
b. Arah district in Bihar
c. Aligarh district in UP
d. Agra district in UP
Answer  Explanation 

ANSWER: Dhar district in MP

Researchers have found 2 nesting sites of 6.5 crore old fossilised dinosaur eggs in Dhar District, MP, around 125 km from Indore. Nests formed got buried under rocks during turbulence that occurred 6.5 crore years ago. Nesting sites are located at Baag, Dhar district 8 km from each other. There are a total of 15 fossils in each site, according to researchers. The rare sites of fossils in the district has now reached 4 with this fresh discovery. The Mangal Panchayatan Parishad discovered 25 nests of dinosaurs way back in 2007. State government is also working for developing 108 ha in Dhar District as National Dinosaur Fossil Park. The eggs of dinosaurs belong to the Sauropod family in the most recent discovery. The dinosaurs were around 20 to 30 feet tall.

9)   A coup has taken place before elections in which West African country on 17th September 2015?

a. Benin
b. Burkina Faso
c. Gambia
d. Ghana
Answer  Explanation  Related Ques

ANSWER: Burkina Faso

Burkina Faso’s military announced through the airwaves that it now controls the nation, confirming a coup weeks before the election. Statement said transitional government was dissolved and interim president had lost his powers. Coup leaders identified themselves as National Council for Democract and communique read by Lt Col Mamadou Bamba Bamba on 17th September announced the beginning of a “coherent, fair and equitable process'' that would lead to inclusive elections. This coup is in violation of the constitution of the West African nation.

10)   Which European nation has made arrangements to protect national borders from illegal migration recently?

a. Hungary
b. Croatia
c. Both a and b
d. Neither a nor b
Answer  Explanation 

ANSWER: Croatia

Balkan nation of Croatia on 18th September 2015 has become the latest hotspot in the 1000 m plus exodus towards West Europe. This follows the sealing off of the borders of Hungary with a razor fence and arrangements to keep illegal migrants out. Croatia has clarified that it meant a corridor from Tovarnik to Zagreb when it indicated corridors are prepared for migrants. Croatia has announced it will not led refugees head north to Slovenia, part of the EU schengen zone of border free travelling.

11)   Vice President Hamid Ansari on 18th September 2015 signed two MoUs with which ASEAN nation while on an official visit?

a. Laos
b. Vietnam
c. Cambodia
d. Indonesia
Answer  Explanation 


Vice President H. Ansari signed two MoUs including on on quick impact projects and the other on air services agreement in a visit which is the first by an Indian vice president to the nation of Laos. Indian firm WAPCOS was also handed over certificate of completion of Champassak irrigation project during this visit. The That Luang Stupa was brought from India in 2 BC, and this sacred stupa was visited by the vice president. India is attempting to strengthen economic engagement with ASEAN nations following this visit.

12)   Which two nations on 17th September 2015 jointly created a Joint Challenge Coin to symbolise new partnership in creating next generation aircraft carriers for the naval forces?

a. India and United States
b. China and United States
c. Japan and United States
d. Bangladesh and United States
Answer  Explanation  Related Ques

ANSWER: India and United States

India and the US have created a joint challenge coin for unique partnership in the field of naval armament. One side of the coin is inscribed with the message Forward Together We Go and Chale Saath Saath in Hindi on the other side . This reflects the vision statements of the US president and the Indian PM respectively. One side of the coin that is golden in colour has India and US flags and the other shows an aircraft carrier floating on blue waters. The coin was created by JWG at the first meeting in August 2015 to symbolise partnership between naval forces which in turn was announced in January 2015 during president Obama’s visit to India.

13)    Market regulatory SEBI has notified new norms on 18th September 2015 regarding the following:

a. Dilution of chairman’s powers on conduct of search and seizure of defaulters properties
b. Permission for such operations being required from special courts
c. Both of the above
d. None of the above
Answer  Explanation  Related Ques

ANSWER: Both of the above

Market regulatory authority SEBI has notified new norms to dilute chairman powers regarding conduct during search and seizure of defaulter’s properties. Permission for such operations will be required from the special court by SEBI, as against earlier regulations that left the chief of SEBI directly authorise these actions. Regulations are referred to as Securities and Exchange Board of India(Procedure for Search and Seizure) Repeal Regulations 2015. Search and seizure operations will now have to be authorised by Magistrate or Judge of the designated court. Securities Law AA 2014 is an attempt to curb ponzi schemes.

14)   SEBI has recently informed listed companies to notify stock exchanges at least how many days in advance regarding board meetings on proposals related to buyback of securities, voluntary delisting and fund raising?

a. 2
b. 3
c. 4
d. 5
Answer  Explanation 


Under new norms, prior intimation of a board meeting must be forwarded to stock exchanges 2 days prior. Move aims to create transparency in business affairs of listed firms. For financial results, at least 5 days advance notice is required prior to consideration of such a proposal of the company. As regards alteration in date pf payment of interest or nomenclature of securities listed in stock exchange, listed firms will have to tell the bourses at least 11 working days prior about board meetings of such proposals. New norms are part of listing regulations of SEBI which have been aligned with the Companies Act 2013.

15)   Recently, the US Federal Reserve Chief Janet Yellen undertook the following on 17th September 2015?

a. Interest rates in the US were changed
b. Interest rates in the US were kept the same
c. Interest rates in the US were lowered
d. Interest rates in the US were raised
Answer  Explanation  Related Ques

ANSWER: Interest rates in the US were kept the same

US Fed Reserve Chief Janet Yellen decided to keep the interest rates in the US economy unchanged. Indian fund managers and economists see this decision as another enabling factor for RBI to cut rates, which could give some more boost to the Indian economy that is again showing signs of stagnation.For the equity market, the immediate trend decider would be how the global markets react to the US rate decision. With Yellen not hiking the rates, FIIs are expected to be part of the Indian growth story.

16)   Hero Cycles has acquired which Delhi based premium bicycle brand for an undisclosed sum on 18th September 2015?

a. Firefox Bikes
b. Champion Bikes
c. Firefox Cycle Accessories
d. Champion Cycle Accessories
Answer  Explanation  Related Ques

ANSWER: Firefox Bikes

The world’s largest bicycle manufacturer by volume, Hero Cycles has acquired Firefox Bikes for an undisclosed sum in all cash deal. As part of the deal, Firefox Bikes will continue to have its distinct brand identity and remain a separate business entity post the acquisition. Promoters of this Delhi based firm have divested their entire equity in the deal. Deal involves Firefox brand of cycles, accessories and spares along with exclusive distribution rights of `Trek' and other international brands.

17)   Which Bengaluru based healthcare startup has raised USD 1.15 million in Pre Series A round finding led by Accel Partners on September 18, 2015?

a. HealthifyMe
b. CureJoy
c. Flexipass
d. Truweight
Answer  Explanation 


Bengaluru based healthcare startup CureJoy has raised USD 1.15 million in funding led by Accel Partners India while other investors are Venk Krishnan, founder of Nuware Technologies, and Larry Braitman, the founder of Flycast and Adify. Funds will be used by the Bengaluru startup to expand services globally. This firm is a creation of Dikshant Dave and Shrinivasa Sharma, CureJoy, a content publishing and aggregation platform, commenced operations in October 2013 to address the common concerns of people in the existing healthcare system. It provides curated content through its backend algorithms and technology on natural health and wellness by experts usually associated with large universities like Stanford or UCLA and merges it with the global trends and patterns. Currently, it is headquartered in California, USA and manages the entire operations and development from Bengaluru. Others in the healthcare segment include HealthifyMe, Truweight, and Flexipass.

18)   European telecom group Altice has become  a major force in the US cable market after agreeing to buy which company:

a. Cablevision
b. Cablefield
c. Suddenlink
d. None of the above
Answer  Explanation 

ANSWER: Cablevision

European telecom group Altice looks to become a massive force in the US cable market after agreeing to purchase 4th largest US cable operator Cablevision in a cash and shares deal worth USD 17.7 billion including debt. Altice was by French Israeli billionaire Patrick Drahi who entered the US market in May through the purchase of regional cable group Suddenlink for USD 9.1 billion.
The company will pay $34.90 in cash per share, a 22 per cent premium on 16th September closing price of $28.54. Cablevision currently has 3.1 million customers in the New York, Connecticut and New Jersey area.Together both operators represent the fourth-largest cable operation in the U.S. market.

19)   Cognizant has recently named which former PepsiCo executive to its Board of Directors?

a. Indra Nooyi
b. Zein Abdalla
c. Francisco D’Souza
d. None of the above
Answer  Explanation 

ANSWER: Zein Abdalla

IT major Cognizant has named former PepsiCo exec Zein Abdalla to its BoD on 17th September 2015. He was president of PepsiCo from September 2012 to retirement in December recently.
Mr. Abdalla, 57, will serve as a board member until the company’s annual stockholders’ meeting in 2016, as per the release.

20)   Which Indian has recently been invited to the United Nations' High Level Advisory Group on Sustainable Transport (HLAG-ST) on 18th September 2015?

a. Metro Man E. Sreedharan
b. Agricultural Scientist M. S. Swaminathan
c. TERI D-G R. K. Pachauri
d. None of the above
Answer  Explanation  Related Ques

ANSWER: Metro Man E. Sreedharan

Sreedharan, the Principal Advisor to Delhi Metro Rail Corporation, has been invited by the United Nations Secretary General Ban Ki-moon to serve on his HLAG-ST as per a DMRC release on 18th September 2015. Service is for period of 3 years. Sreedharan has accepted the offer.

21)   Government has increased total debt in the April-June period of the current fiscal as against previous quarter by how much?

a. 3.2%
b. 3.3%
c. 3.4%
d. 3.5%
Answer  Explanation 

ANSWER: 3.5%

GoI has increased total debt by 3.5% in April-June period of fiscal 2015-2016 as against the previous quarter. The public debt (excluding liabilities under the `Public Account') of the central government provisionally increased by 3.5% in the first quarter of FY2016 on quarter-on-quarter basis,“ as per a finance ministry statement. Internal debt constituted 92.3% of public debt at end of June 2015, while marketable securities accounted for 84.2%, the statement said. Close to 29.5% of outstanding stock has a residual maturity of up to five years, which implies that over the next five years, on an average, around 5.9% of outstanding stock needs to be rolled over every year, the statement added.

22)   8th Global Innovation Index (GII) 2015 was released on 17 September 2015 jointly by Cornell University, INSEAD and the World Intellectual Property Organization (WIPO). What was the theme on which it was based?

a. Sustainable Development and Green Technologies
b. Effective Innovation Policies for Development
c. Sustainable Policies for Development
d. None of the above
Answer  Explanation  Related Ques

ANSWER: Effective Innovation Policies for Development

GII 2015 was recently released showing emerging economy policymakers can boost innovation with Switzerland being the most innovative nation. Countries like China, Malaysia, Vietnam, India, Jordan, Kenya and Uganda are among a group of countries outperforming their economic peers, according to GII 2015. India was ranked 81 and remained the top of regional ranking in C and S Asia, followed by Kazakhstan and Sri Lanka. Numerous low-income economies are innovation achievers with Sub-Saharan Africa standing out- Rwanda at 94th place, Mozambique at 95th and Malawi at 98th. Additionally, Kenya, Mali, Burkina Faso and Uganda are generally outperforming other economies at their level of development. The top 10 ranked countries were as follows:

1. Switzerland
2. United Kingdom
3. Sweden
4. Netherlands
5. United States of America
6. Finland
7. Singapore
8. Ireland
9. Luxembourg