Current Affairs Questions & Answers - Dec 18, 2015

1)   RBI announced new _________ moving towards marginal cost of funds methodology for interest rate on advances.

a. Base Rate Index
b. Base Rate Formula
c. Base Rate Percentage
d. Base Rate Ratio
Answer  Explanation  Related Ques

ANSWER: Base Rate Formula

On 17th December 2015, RBI announced a new base rate formula moving towards marginal cost of funds methodology for interest rate on advances. The final norms on marginal costs for banks will take effect from April 1, 2016. All loans and credit limits for April 1 will be priced in the context of MCLR or Marginal Cost of Funds based Lending Rate.

2)   Apple has named which executive as the COO on 17th December 2015?

a. Johnny Srouji
b. Jeff Williams
c. Tim Cook
d. None of the above
Answer  Explanation  Related Ques

ANSWER: Jeff Williams

Apple has named Jeff Williams as the new COO since Tim Cook left the position to become a CEO of the company. Williams has been in Apple for 17 years and supervised the launch of Apple Watch. Apple has already named Johnny Srouji as the senior vice president.

3)   Which ride hailing app hired start up veteran Evan Cohen to head its East Coast Operations?

a. Lyft
b. Uber
c. Ola
d. None of the above
Answer  Explanation  Related Ques


Ride hailing app Lyft has hired Evan Cohen on 17th December 2015 to head its east coast operations to win over regulators and fend off competitors. Cohen is a former executive from Foursquare, a mobile app providing recommendations for restaurants and nightlife. He has joined as regional director of the company.

4)   Which Twitter executive is set to quit the company next month?

a. Daljeet Singh
b. Baljeet Singh
c. Glenn Brown
d. None of the above
Answer  Explanation  Related Ques

ANSWER: Baljeet Singh

Baljeet Singh, Twitter product lead in charge of video will quit the company next month, according to a Twitter spokesperson. Singh is currently senior product director and joined Twitter 2 years after he worked for more than 5 years with YouTube. Singh will be the latest product leader to leave Twitter after Glenn Brown.

5)   ADAG’s Reliance Entertainment announced a JV called Amblin Partners with which acclaimed Hollywood director?

a. James Cameron
b. Quentin Tarantino
c. Steven Spielberg
d. Stanley Kubrick
Answer  Explanation  Related Ques

ANSWER: Steven Spielberg

ADAG Reliance Entertainment and acclaimed Hollywood director Spielberg has announced formation of Amblin Partners with his company DreamWorks. This is a new film television and digital content creation company. Also part of the venture are Participant Media by Jeff Skoll and Entertainment One, a US based media company.

6)   Jet Airways CEO Cramer Ball has resigned to be replaced by which executive as acting CEO?

a. Gaurang Shetty
b. Silvano Cassano
c. Naresh Goyal
d. None of the above
Answer  Explanation  Related Ques

ANSWER: Gaurang Shetty

Jet Airways, India’s second largest airline by market share, saw the resignation of its CEO Cramer Ball w.e.f February 29, 2016. Ball has stepped down to pursue new opportunities in Europe for family reasons. Whole time director at the airline G. Shetty will be acting CEO. Ball joined Jet Airways last year. He will now work for Italian airline Alitalia as the CEO, replacing Silvano Cassano who quit the company in September 2015. Jet was trying to implement a turnaround strategy and Etihad Airways has a 24% stake in the airline, the first time a company has made profits in the second quarter in 8 years.

7)   Fokker Technologies signed an LTA with which Indian company on 17th December 2015?

a. Asahi
b. Aequs
c. Reliance
d. M&M
Answer  Explanation  Related Ques


Fokker Technologies, a division of GKN Aerospace and Aequs India signed a long term agreement for supply of machine components for Boeing’s Chinook helicopter. The LTA was signed at the Boeing India Supplier Conference in Hyderabad and Fokker Technologies will build parts into final sub-assemblies in facilities in Papendrecht, The Netherlands. Fokker Technologies commenced operations in 2014.

8)   Team of physicists at Large Hadron Collider in CERN have discovered traces of a new _______ particle of nature.

a. Basic
b. Fundamental
c. Radioactive
d. None of the above
Answer  Explanation  Related Ques

ANSWER: Fundamental

Physicists working with LHC at CERN, European Organization for Nuclear Research have found traces of what could be a new fundamental particle of nature. One possibility is that it is a heavier version of Higgs boson while another is that it could be a graviton, the quantum carrier of gravity.

9)   Hubble Space Telescope captured the first ever __________ explosion.

a. Supernova
b. Atomic
c. Nuclear
d. Hydrogen
Answer  Explanation  Related Ques

ANSWER: Supernova

Hubble Space Telescope has captured the image of the first every predicted supernova explosion offering scientists the capability of testing how mass- especially of dark matter- is distributed within the cluster of a galaxy. Few stellar explosions have been caught in the process and on December 11, astronomers not only caught the supernova in action, but also saw it was exactly when and where they predicted it would be for the first time. The supernova, nicknamed Refsdal, has been spotted in the galaxy cluster MACS J1149.5+2223. The supernova itself had exploded nearly 10 billion years ago.

10)   Scientists have discovered new species of sail backed dinosaur called _________ in Spain.

a. Morelladon beltrani
b. Torelladon deltrani
c. Porelladon keltrani
d. Norelladon celtrani
Answer  Explanation 

ANSWER: Morelladon beltrani

Scientists have discovered a new species of unusual, sail backed dinosaur in Spain called Morelladon beltrani. Researchers from UNED, National University of Distance Education in Spain have discussed the discovery of this specimen which is a partial skeleton mainly composed of dorsal and sacral vertebrae and pelvic bones, researchers said. Morelladon, a medium-sized styracosternan ornithopod of around 6m long and 2.5m high, is similar in body length and proportions to its relative Mantellisaurus atherfieldensis.

11)   Which book has been authored by the grand niece of Netaji Subhash Chandra Bose, Madhuri Bose?

a. The Bose Brothers and Indian Freedom Struggle
b. The Bose Brothers and Indian Independence: An Insider’s Account
c. Indian Freedom Struggle and the Bose Brothers: An Insider’s Perspective
d. None of the above
Answer  Explanation  Related Ques

ANSWER: The Bose Brothers and Indian Independence: An Insider’s Account

A book entitled “The Bose Brothers and Indian Independence: An Insider’s Account” was released by the grand niece of Netaji Subhash Chandra Bose, Madhuri Bose. This book was released on November 1, 2015 and came into news when a copy of it was presented to PM Narendra Modi on 17th December. It portrays the iconic life and times of Subash and Sarat Chandra Bose.

12)   Which Delhi HC judge has been appointed as the Lokayukta of the capital city?

a. Reva Khetrapal
b. Bilal Nazki
c. Jasbir Singh
d. G. Rohini
Answer  Explanation  Related Ques

ANSWER: Reva Khetrapal

Delhi HC Reva Khetrapal on 17th December 2015 took oath as the new Lokayukta of Delhi since November 2013 when Justice Manmohan Sarin resigned from office. 4 member panel comprising Lt Governor Najeeb Jung, CM Arvind Kejriwal and CJ of Delhi HC G. Rohini as well as Leader of Opposition Vijendar Gupta unanimously chose Khetrapal.

13)   President Pranab Mukherjee was conferred with which prestigious award on 17th December 2015?

a. Ramon Magsaysay award
b. Pulitzer Prize
c. Garwood award
d. None of the above
Answer  Explanation  Related Ques

ANSWER: Garwood award

India’s President Pranab Mukherjee was conferred with the Garwood Award for Outstanding Global Leadership in Open Innovation from the prestigious UC Berkeley Haas School of Business which has generated more Nobel Laureates till date than any other university. This was the first public university of the world and it was established in 1860s. Prof. Solomon Darwin, Executive Director Garwood Center for Corporate Innovation presented the award to the President.

14)   Which country/countries celebrated December 18th as their National Day?

a. Republic of Niger
b. State of Qatar
c. Republic of Congo
d. Both a and b
Answer  Explanation  Related Ques

ANSWER: Both a and b

President of India, Shri Pranab Mukherjee extended greetings to the people of Republic of Niger on the eve of their national day which was December 18th, 2015. Mr. Mahamadou Issoufou, the President of the Republic of Niger, was also congratulated by the President. Greetings were also extended to the people and State of Qatar on their national day. The Emir is presently His Highness Sheikh Tamim Bin Hamad Al Thani.

15)   LS passed the _____________ Bill by voice vote on December 17, 2015.

a. Reconciliation and Arbitration Bill 2015
b. Arbitration Bill 2015
c. Arbitration and Reconciliation (Amendment) Bill 2015
d. Negotiation and Arbitration Bill 2015
Answer  Explanation  Related Ques

ANSWER: Arbitration and Reconciliation (Amendment) Bill 2015

LS passed the Arbitration and Reconciliation (Amendment Bill), 2015 by voice vote. The Bill seeks to make the arbitration process more investor-friendly, cost effective and affordable apart from meeting standards of international arbitration.

16)   Fed Reserve on 16th December increased the interest rate by what percent?

a. 0.15
b. 0.5
c. 0.25
d. 0.35
Answer  Explanation  Related Ques

ANSWER: 0.25

Fed Reserve the central banking system of the US on 16th December 2015 increased interest rate by 0.25 percent in a decision approved by the Board of Governors of the Federal Reserve System chaired by Janet L Yellen. Interest rates in US are now between 0.25-0.50 as against o.25 and o range. This marks the first increase since 2006.

17)   China launched the DAMPE satellite. What does DAMPE stand for?

a. Dark Matter Particle Exponent
b. Dark Material Particle Explorer
c. Dark Matter Particulate Explorer
d. Dark Matter Particle Explorer
Answer  Explanation  Related Ques

ANSWER: Dark Matter Particle Explorer

China launched the first space telescope in search of signals for dark matter on 17th December 2015. This DAMPE or Dark Matter Particle Explorer Satellite has been given the name Wukong after the kind in the classical Chinese fiction Journey to the West. This satellite was launched on a Long March 2-D rocket from the Jiuquan Satellite Launch Centre and will enter a sun-synchronous orbit at a height of 500 km to observe the direction, energy and electric charge of high-energy particles in space.