Current Affairs Questions & Answers - Dec 16, 2015

1)   Director’s pay in public companies has been capped at what percent of net profit under the Companies Act?

a. 10
b. 11
c. 12
d. 13
Answer  Explanation  Related Ques


Overall remuneration that directors of public companies can receive has been fixed at 11% of its annual profit recorded in a particular financial year. Under the Companies Act, Corporate Affairs Minister Arun Jaitley has announced that total remuneration payable to directors shall not exceed 11 percent of the net profits of that company for that financial year. Firms that will be considered public companies would be those with minimum paid up capital of INR 5 lakh or more. When there are losses or inadequate profits, remuneration may be paid as per the limits perceived and conditions specified in the Act.

2)   Which tournament did boxer Shiva Thapa receive the bronze medal for in 2014?

a. Commonwealth Games
b. World Championships
c. Asian Championships
d. London Games
Answer  Explanation  Related Ques

ANSWER: World Championships

In a massive boost for 4 Indian boxers, the International Olympics Committee conferred scholarships on the sportsman namely World Championships bronze medallist Shiva Thapa, Commonwealth Games silver medalist Mandeep Jangra, and Sumit Sangwan as well as Gaurav Bidhuri. While Bidhuri finished with an impressive performance at the World Series of Boxing, Sumit won a silver medal at the 2010 Asian Championships. A sum of USD 800 per month will be given to them as part of the scholarship along with USD 5,000 provided they qualify for the Olympics.

3)   Which Chinese e-commerce company will pay USD 266 million for purchasing South China Morning Post?

a. Baidu
b. Alibaba
c. Xiaomi
d. Redmi
Answer  Explanation  Related Ques

ANSWER: Alibaba

Chinese internet company Alibaba will pay USD 266 million for the South China Morning Post of Hong Kong. The business had been valued at half the amount and some observers indicated that the hefty price tag reveals Alibaba’s intent to control the media. Alibaba also owns the Hong Kong editions of magazines Cosmopolitan, Elle, Esquire and Harper’s Bazaar.

4)   The United Nations released the Human Development Report on 14th December 2015 with which title?

a. World for Human Development in Tanzania
b. World for Human Development in Ethiopia
c. Work for Human Development in Ethiopia
d. Work for Human Development in Tanzania
Answer  Explanation  Related Ques

ANSWER: Work for Human Development in Ethiopia

This report was released on 14th December 2015 with the title “Work for Human Development in Ethiopia”. This report also said that 2 billion people were lifted out of low human development within the past 25 years. As per the 2015 report, India attained a score of 0.609 thereby ranked 130 of 188 nations in terms of the HDI. In the 2014 report, India’s report was 135 out of 187.

5)   From January 26, 2016 which e-commerce company will be available in multiple regional languages for the first time?

a. Snapdeal
b. Flipkart
c. Myntra
d. Jabong
Answer  Explanation  Related Ques

ANSWER: Snapdeal

For overcoming language barriers and shopping online in the regional language they prefer, Snapdeal users can now try its multilingual interface. Snapdeal’s user interface on mobile will soon be available in English and 11 regional languages w.e.f January 26th. Snapped has now expanded the reach to 130 million smartphone users in the country.

6)   What is obliquity?

a. An angle of the earth’s polar regions
b. The tilt of the earth
c. Patterns of a mathematical prism
d. None of the above
Answer  Explanation  Related Ques

ANSWER: The tilt of the earth

Researchers have discovered a connection between earth’s tilt called obliquity and shifts every 41,0000 years and the movement of a low pressure band of clouds that is the largest source of heat and moisture for the earth namely the ITCZ or Intertropical Convergence Zone. Study reveals that earth’s tilt plays a much larger role in ITCZ migration than previously determined. This will enable climate scientists to better predict extreme weather events.

7)   What does NEP stand for?

a. National Education Programme
b. National Education Policy
c. New Education Policy
d. New Education Programme
Answer  Explanation  Related Ques

ANSWER: New Education Policy

GoI has undertaken a collaborative and multi-pronged consultation process for formulating a NEP or New Education Policy that includes the following thematic deliberations: online, grassroots and national level. NEP consultation process has been initiated with CABE/Central Advisory Board of Education officials.

8)   Pakistan has successfully test fired the Shaheen-1A missile with a range of ____ km on 15th December 2015.

a. 800
b. 900
c. 1000
d. 1100
Answer  Explanation  Related Ques


Pakistan on 15th December 2015 successfully test fired a nuclear capable ballistic missile with a range of 900 km. This comes after testing a similar missile capable of hitting targets as far as 2750 km away bringing many Indian cities under its range. Shaheen 1A ballistic missile was also fired from an undisclosed location impacting the Arabian sea. It can deliver different types of warheads to the range of 900 kms.

9)   Which suffix is the Merriam Webster word of the year 2015?

a. ate
b. ism
c. ing
d. ed
Answer  Explanation  Related Ques


Merriam Webster has picked the suffix ism as the most powerful word of the year.The isms which scored on the dictionary’s company website include racism, feminism and communism.

10)   Saudi Arabia announced the formation of a ___ nation Islamic military alliance on 15th December 2015.

a. 24
b. 34
c. 35
d. 36
Answer  Explanation  Related Ques


Saudi Arabia has on 15th December 2015 announced that 34 nations have joined hands to form a Islamic military alliance to fight terrorism with joint operations in the capital city of Riyadh. The alliance will be Saudi led and aims to fight terrorism by all means to eliminate it. Coalition includes nations with large and established armies such as Pakistan, Turkey and Egypt as well as war-torn countries with embattled militaries such as Libya and Yemen. African nations which have been targeted by terrorists are also part of the network such as Mali, Chad, Somalia and Nigeria.

11)   What does EAEU stand for?

a. Eurasian Economic Union
b. European Economic Union
c. European Energy Union
d. Eurasian Energy Union
Answer  Explanation  Related Ques

ANSWER: Eurasian Economic Union

Shanghai Cooperation Organisation has set to showcase alignment between China and Russia through integration of Beijing marshalled Silk Road Economic Belt and Moscow driven Eurasian Economic Union. SCO is part of the emerging Eurasia-centred Silk Road geopolitical architecture pillared by China and Russia, along with the Central Asian Republics.

12)   ISRO will launch how many Singapore satellites aboard the PSLV-C29 on 16th December 2015?

a. 3
b. 4
c. 5
d. 6
Answer  Explanation  Related Ques


ISRO’s Polar Satellite Launch Vehicle is set to launch 6 Singapore satellites from Sriharikota on Wednesday from the Satish Dhawan Space Centre. The 59 hour countdown of the PSLV began on 14th December 2015. Of the 6 satellites, TeLEOS-1 is the primary satellite weighing 400 kgs whereas the other five satellites comprise two micro-satellites and three nano-satellites. TeLEOS -1 is the first commercial earth observational satellite.

13)   What does PMKSY stand for?

a. Pradhan Mantri Krishna Sanchar Yojana
b. Pradhan Mantri Krishi Sanchar Yojana
c. Pradhan Mantri Krishi Sinchayee Yojana
d. Pradhan Mantri Krishi Samriddhi Yojana
Answer  Explanation  Related Ques

ANSWER: Pradhan Mantri Krishi Sinchayee Yojana

Government has launched the Pradhan Mantri Krishi Sinchayee Yojana for providing end to end solutions in irrigation supply chain and it has been formulated keeping the following schemes in mind: Accelerated Irrigation Benefit Programme (AIBP) of Ministry of Water Resources, River Development & Ganga Rejuvenation; Integrated Watershed Management Programme (IWMP) of Department of Land Resources; and On Farm Water Management (OFWM) component of National Mission on Sustainable Agriculture (NMSA) of Department of Agriculture, Cooperation & Farmers Welfare. Moreover, a Farmer’s Portal with Kisan portal to serve as a one stop shop for farmers for accessing information on agricultural activities has also been launched.

14)   December 16, 2015 is a national day for which nation(s)?

a. Bahrain
b. Kazakhstan
c. Dubai
d. Both a and b
Answer  Explanation  Related Ques

ANSWER: Bahrain

Indian president Shri Pranab Mukherjee extended greetings and felicitations to the people of Bahrain on their national day on December 16, 2015, apart from the King Hamad bin lsa Al-Khalifa, the King of the Kingdom of Bahrain. The president also extended greetings to the government and people of Republic of Kazakhstan on the same day which was the 24th anniversary of their independence day.

15)   The Combined Commanders Conference 2015 has been held on broad for the first time on an aircraft carrier called__________.

a. INS Vikramaditya
b. INS Trishul
c. INS Astradharini
d. None of the above
Answer  Explanation  Related Ques

ANSWER: INS Vikramaditya

PM Narendra Modi chaired the Combined Commanders Conference abroad an aircraft carrier for the first time on board the INS Vikramaditya off the coast of Kochi. Indian naval and maritime capabilities were on display following the conference which was held on 15th December 2015.