Current Affairs Questions and Answers - August 22, 2015

Current Affairs Questions and Answers - August 22, 2015

Q1. Which nations Prime Minister Narendra Modi has appealed to extend support to India for a permanent membership of the UN Security Council?

A. G5 Nations
B. SAARC Nations
C. Pacific Island Nations
D. Middle-East Nations

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ANSWER: C. Pacific Island Nations

In his opening remarks in the 2nd India -Pacific Islands Cooperation, FIPIC Summit in Jaipur on 21st Aug’15, the Prime Minister said that the member countries must together press for reform in the UN Security Council to ensure its relevance and effectiveness in the 21st century. The island nations participated in the FIPIC summit included Fiji, Marshall Islands, Nauru, Niue, Palau, Papua New Guinea, Samoa, Tuvalu, Vanuatu, Cook Islands, Kiribati, Micronesia, Solomon Islands and Tonga.

Q2. Name the Prime Minister of Greece who announced his resignation and called for snap elections, as he went on the offensive to defend the country's massive bailout after it triggered a rebellion within his own party?

A. Alexis Tsipras
B. Yanis Varoufakis
C. Karolos Papoulias
D. None of these

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ANSWER: A. Alexis Tsipras

Mr Tsipras, who was only elected in January this year, said that he is stepping down and calling early elections after suffering a rebellion within his left-wing Syriza party over the country' new bailout programme. He said that Greece got the best deal possible for its three-year, a 86 billion euro bailout package. Mr Tsipras said that he will shortly meet with the President of the Republic and present his resignation and that of his Government.

Q3. Which of the following High Court stays compulsory voting in Civic body polls in Gujarat?

A. Supreme Court
B. Gujarat High Court
C. Delhi High Court
D. None of these

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ANSWER: B. Gujarat High Court

A bench headed by acting Chief Justice Jayant Patel admitted the case and stayed operation of notification of compulsory voting till final disposal of the case. Gujarat became the first state to make voting compulsory in local-municipal as well as panchayat polls after governor OP Kohli approved the Gujarat Local Authorities Laws (Amendment) Bill, 2009, which had been rejected by earlier governor, Kamla Beniwal.

Q4. Against which state’s Chief Minister, the Guwahati High court has ordered a CBI investigation for allegedly violating official norms to allot construction works to his family members during his tenure as PWD minister of the state?

A. Assam
B. Meghalaya
C. Mizoram
D. Arunachal Pradesh

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ANSWER: D. Arunachal Pradesh

The Chief Minister of Arunachal Pradesh Nabam Tuki violated norms to allot construction works to his family members during his tenure as PWD minister of the state. On 21st Aug’15 acting Chief Justice of Gauhati High court K Sreedhar Rao and Justice P K Saikia passed this order.

Q5. From which of the following organisations the government will sell 10 per cent stake?


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It can fetch about 9,500 crore rupees to the exchequer. The floor price for the share will be announced on 22nd Aug’15 and the Offer for Sale will take place on 24th Aug’15. Presently, the government holds 68.57 per cent shares in IOC, the biggest oil refining and marketing company in the country. The stake sale in IOC will be the fourth disinvestment this fiscal. The earlier 3 stake sales had raised over 3,000 crore rupees. The government is targeting to raise 69,500 crore rupees from disinvestment in the current fiscal.

Q6. On 19th Aug’15, which important country has been delisted from the list of countries & put under the restricted visa category or the prior referral category (PRC) of countries by India?

A. Fiji
B. Mongolia
C. Iran
D. Israel

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With this India has also indicated that it wants to reach out to Iran. The order means that Iranians can easily apply for visas at Indian consulate in Iran. The decision also comes in backdrop of the P5 + 1 countries ie; U.K, China, France, Russia, U.S. and Germany nations clinching a nuclear agreement with Iran during July 2015.

Q7. Recently which country became the fourth country to have a hotline (direct secure line of communication) with the US President?

A. India
B. China
C. Russia
D. Iran

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ANSWER: A. India

India is the fourth country to have a hotline after Russia, Great Britain and China.

Q8. Who is the author of the book titled “Mrs Funnybones: She’s Just Like You and a Lot Like Me”?

A. Karan Johar
B. Jhumpa Lahiri
C. Chetan Bhagat
D. Twinkle Khanna

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ANSWER: D. Twinkle Khanna

Mrs. Funnybones is about how a modern woman looks at India and how India looks back at her.

Q9. Name the author of the book titled ‘Making India Awesome’?

A. Natwar Singh
B. Navjot Siddhu
C. Chetan Bhagat
D. V K Khare

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ANSWER: C. Chetan Bhagat

This is the second non-fiction book written by the country’s biggest-selling writer Chetan Bhagat. His first non-fiction book was What Young India Wants which was well received by the readers.

Q10. Name the web portal launched by the Union Government for the benefit of students seeking Educational Loans?

A. Vidya Dhan
B. Vidya Lakshmi
C. Sakshrta Dhan
D. Sakshrta Ryn

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ANSWER: B. Vidya Lakshmi

The portal is a first of its kind provides single window for students to access information and make application for educational loans provided by banks as well as for government scholarships.

Q11. Which country has become the first to receive funds from the United Nations (UN) for its fast growing solar home systems?

A. India
B. Myanmar
C. Bangladesh
D. China

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ANSWER: C. Bangladesh

The UN Framework Convention for Climate Change (UNFCCC) issued 395286 carbon credits worth 3.56 million US Dollar to two Bangladeshi organisations.

Q12. Which state government has inaugurated a 12 MW solar power project at the international airport of its state?

A. Bihar
B. Kerala
C. Odisha
D. Tamil Nadu

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ANSWER: B. Kerala

With this, Cochin airport became the first airport in India to run on solar power. The project is reportedly the single largest solar project which has been constructed in an airport in India.

Q13. Which of the following Bollywood movies has been banned by the Pakistan’s Lahore High Court on 20 August 2015?

A. Phantom
B. Drishyam
C. Bajrangi Bhaijaan
D. Baahubali

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ANSWER: A. Phantom

The order to ban the release of the Saif Ali Khan-starrer film in the theaters in Pakistan was issued by Justice Shahid Bilal Hassan of the Lahore High Court. The petitioner in his plea argued that the film set on post-26/11 attacks contains filthy propaganda against him and his outfit.

Q14. Who is the head of the committee that recommended conversion of Urban Cooperative Banks (UCBs) with business size of 20,000 crore rupees or more into regular banks?

A. Bibek Debroy
B. Raghuram Rajan
C. R Gandhi
D. U K Sinha

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ANSWER: C. R Gandhi

A report of the High Powered Committee on UCBs headed by RBI Deputy Governor R Gandhi however clarified that the conversion will not be compulsory for large UCBs and they can continue the way they operate currently in terms of balance sheet or asset size. In order to minimise the systemic risk, the committee has recommended that large UCBs convert themselves into commercial banks. The panel further said smaller UCBs with business size of less than 20,000 crore rupees willing to convert to Small Finance Banks can apply to the Reserve Bank for conversion. It has also suggested that licenses may be issued to financially sound and well-managed cooperative credit societies having a minimum track record of 5-years to operate as UCBs. RBI has invited suggestions and comments from public on this report by 18th of next month.

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