Current Affairs Questions and Answers - August 15 & 16, 2015Q1. On 15th Aug’15 India celebrated its ____ Independence Day.
D. 68thView Answer / Hide AnswerQ2. On European tour, Indian’s Men Hockey team won the Hockey test series against _______.
D. FinlandView Answer / Hide Answer
Q3. Name the boxing coach who has been recommended for the prestigious life time achievement Dronacharya award?
ANSWER: B. Spain
Indian Men's Hockey Team on their European tour beat Spain in their third and final match at Teresa in Spain on 14th Aug’15 and won the three match series 2-1.
A. Swatantra Raj Singh
B. Om Prakash Sharma
C. Jagdish Singh
D. Omprakash BhardwajView Answer / Hide Answer
Q4. Name the founder and Chairman of Hero Cycles who passed away on 13th Aug’15?
ANSWER: A. Swatantra Raj Singh
The award is given to Sports Coaches for their life time work in the field. This time, 3 Sports coaches were recommended, including Nihar Amin for Swimming and Harbans Singh for Athletics.
A. Ajay Mehta
B. O P Munjal
C. B D Arora
D. R S SwaminathanView Answer / Hide Answer
5. Who has been appointed as the MD and CEO of Bank of Baroda by the government?
ANSWER: B. O P Munjal
Om Prakash Munjal was known as the doyen of Indian cycle industry. He along with his three brothers Brijmohan Lall Munjal, Dayanand Mujnal and Satyanand Munjal, had started a bicycle spare parts business in Amritsar in 1944.
A. P S Jayakumar
B. Jaykumar Sharma
C. Shiv Pal Sharma
D. Ajay ShankarView Answer / Hide Answer
Q6. Who has been appointed as the MD and CEO of Canara Bank by the government?
ANSWER: A. P S Jayakumar
This is the first time the government has chosen the candidate from the private sector to head the Public Sector Banks.
A. M S Dhir
B. Rakesh Sharma
C. Rajesh Dhariwal
D. Sanjay ShahView Answer / Hide Answer
Q7. The Wholesale inflation registered in July 2015 is _____.
ANSWER: B. Rakesh Sharma
Rakesh Sharma is chosen from private sector to head the Public Sector Bank.
D. -5.1%View Answer / Hide Answer
Q8. Name the initiative launched by the Finance Minister Arun Jaitely to revamp functioning of public sector banks, PSBs on 14th Aug’15?
ANSWER: C. -4.05%
Deflationary trends continued for the ninth month in a row in July with wholesale inflation plunging to a low of minus 4.05 per cent on cheaper vegetable and fuel. The WPI number follows retail inflation (CPI) data, which had slipped to a record low of 3.78 per cent in July. The overall wholesale price index-based (WPI) inflation was minus 2.40 per cent in June. It has been in the negative zone since November 2014. A year ago in July 2014, inflation was 5.41 per cent. During the month, pulses, milk, edible oil, egg, meat and fish turned dearer.
A. Seven Plan
B. Maulik Niti
D. IndradhanushView Answer / Hide Answer
Q9. Name the body of 'eminent' professionals and officials, which will replace the Appointments Board for appointment of Whole-time Directors as well as non-Executive Chairmen of PSBs?
ANSWER: D. Indradhanush
Indradhanush is a seven pronged plan that includes appointments, capitalisation, de-stressing PSBs, empowerment, framework of accountability and governance reforms.
A. NITI Aayog
C. Bank Board Bureau
D. Bureau of Banking StandardsView Answer / Hide Answer
Q10. Who has allowed banks to tie up with insurers, to sell three products each from life, non-life and standalone health insurance segment?
ANSWER: C. Bank Board Bureau
The government decided to set up a Bank Board Bureau, BBB through which two dozen state-run banks would be monitored for key performance indicators. The BBB will start the functioning from the 1st of April next year and the selection of its member will start in the next six months.
D. IRDAIView Answer / Hide Answer
Q11. The Reserve Bank of India will transfer its surplus profit of 65,896 crore rupees to the Centre. This amount is ___ percent higher than previous year.
ANSWER: D. IRDAI
The Insurance Regulatory and Development Authority of India Member Nilesh Sathe announced that the decision will not be binding on banks who are free to take their call.
D. 33%View Answer / Hide Answer
ANSWER: C. 25%
Last year, the apex bank had transferred 52,679 crore rupees of its surplus profit to the Government.