Current Affairs Questions and Answers - September 3, 2015Q1. Which court has asked Uttar Pradesh government to ensure hoisting ceremony of National Flag on Independence Day and Republic Day in Madarsas and other schools all over the state?
A. Allahabad High Court
B. Delhi High Court
C. Bombay High Court
D. Supreme CourtView Answer / Hide Answer
Q2. What policy has been approved by the cabinet on 2nd Sep’15 for the development of hydrocarbon discoveries by national oil companies like Oil and Natural Gas Corporation and Oil India?
ANSWER: A. Allahabad High Court
On 2nd Sep’15 a bench comprising Chief Justice DY Chandrachud and Justice Yashwant Verma passed the order on a PIL.
A. Oil Extraction Policy
B. Marginal Field Policy
C. Conventional Source Policy
D. Earth Mining PolicyView Answer / Hide Answer
Q3. What is the new extended deadline set up by the centre for crop insurance period under National Agricultural Insurance Scheme for the farmers bearing no loan?
ANSWER: B. Marginal Field Policy
Under new Policy 69 unexploited oil fields held by ONGC and Oil India for many years, will be opened for competitive bidding. The license granted would cover all hydrocarbons found in the field instead of being restricted to one item. Revenue sharing model is being introduced for the first time in oil sector and Government will receive a share of gross revenue instead of profit- sharing in earlier formula.
A. 30th Sep’15
B. 1st Oct’15
C. 15th Sep’15
D. 15th Oct’15View Answer / Hide Answer
Q4. Between which two stations Ministry of Railways has launched a paperless unreserved ticketing mobile application for the passengers?
ANSWER: C. 15th Sep’15
For loan farmers the extension period will be upto end of this month. The decision will benefit farmers where delayed and deficient rainfall has been reported. Bihar, Maharashtra, West Bengal, Jharkhand, Andhra Pradesh, Telangana, Odisha and Gujarat had requested the Centre to extend the period of crop insurance.
A. Ghaziabad- Palwal
B. Delhi- Bahadurgarh
C. Delhi- Mumbai
D. New Delhi - PalwalView Answer / Hide Answer
Q5. Which of the following countries has fallen into a recession, dragged down by falling energy prices and economic troubles in China?
ANSWER: D. New Delhi – Palwal
Now the passengers can buy unreserved tickets through their smart phones and need not visit Stations to purchase tickets. Besides, the Railways has also installed a Cash or Smart Card ticket vending machine at New Delhi Railway Station to provide unreserved tickets with a view to cater to passenger rush. Now the passengers will have to download the unreserved ticketing mobile application from Google play or Window store to use the facility.
B. Hong Kong
D. BrazilView Answer / Hide Answer
Q6. Which of the following market regulator will be merged with SEBI from 28th Sep’15?
ANSWER: C. Canada
On 2nd Sep’15 Canada's national statistical agency, Statistics Canada reported that the Canadian economy retreated at an annual pace of 0.5 per cent from April through June after sliding 0.8 percent the first three months of the year. Two consecutive negative quarters are the technical definition of a recession. Canada is the world's 11th-biggest economy and the United States' biggest trading partner.
A. Commodities Commission
B. Forward Markets Commission
C. Future Markets Commission
D. Derivatives CommissionView Answer / Hide Answer
Q7. The logo for the Tokyo Olympics Games has been scrapped after allegations that it was plagiarized. In which year Olympic Games is scheduled to be held in Tokyo?
ANSWER: B. Forward Markets Commission
An official press release said, Finance Minister Arun Jaitley, in his Budget speech, had announced the merger of FMC with the capital market regulator SEBI to strengthen the regulation of commodity futures market. A unified regulator for commodities and capital markets will help streamline monitoring of commodity futures trading and curb wild speculations.
D. 2022View Answer / Hide Answer
Q8. Which city has been selected as the host for the 2022 Commonwealth Games at the Federation’s general assembly in New Zealand on 2nd Sep’15?
ANSWER: C. 2020
A Belgian artist had complained that his design was stolen. Logo designer Kenjiro Sano had admitted copying online material for a previous project. The logo was unveiled only last month, based around the letter T and a red circle representing a beating heart - which critics said resembled the Japanese flag.
C. New Delhi
D. DurbanView Answer / Hide Answer
Q9. In which country, the first ever International Cricket Tournament for People with Physical Disabilities began from 2nd Sep’15?
ANSWER: D. Durban
The Commonwealth Games are held every four years and feature athletes from over 50 member countries. First held in 1930, 2022 will mark the first time the Games will be held in Africa, a move that could pave the way for South Africa to make another attempt for the Olympics after Cape Town finished third in bidding for the 2004 summer Games. The coastal city was the only bidder for the multi-sports event after the Canadian city of Edmonton withdrew from contention in February, citing falling oil prices. Organisers said the Games would be held from 18 to 30 July, opening on the birth date of the late South African President and anti-apartheid hero Nelson Mandela.
D. RussiaView Answer / Hide Answer
Q10. What are the main reasons for one-day “Bharat Bandh” that was observed by almost all the major trade unions on 2nd Sep’15?
ANSWER: B. Bangladesh
Organised by the International Committee of the Red Cross, the T-20 event has five nations including India, England, Pakistan, Afghanistan and Bangladesh participating. Bangladesh takes on England in the opening match at the Sher-e-Bangla National Stadium in Mirpur. The other matches will be held in the Cricket stadium in Savar.
A. Against the anti-worker economic policies of the government.
B. Against the labour reforms made by the NDA government.
C. To stop privatisation and foreign investment in railways
D. All of the aboveView Answer / Hide Answer
Q11. Which of the following states has witnessed huge violence on 31st Aug & 1st Sep’15 after a general strike was called by the tribal student organisations to protest against the passage of three Bills in the state Assembly?
ANSWER: D. All of the above
The 12-point charter of demands of the trade unions was to seek withdrawal of labour law amendments and the land acquisition amendments ordinance. They also demanded the government to stop privatisation and foreign investment in railways, insurance and defence, banning speculative trade in commodities, Universalization of Public Distribution System as well as policies to address price hike and improve employment opportunities. It also suggested an increase in the bonus ceiling as well as widening the coverage of provident fund and health insurance to include construction as well as workers in schemes such as Aanganwadis.
D. Nagaland View Answer / Hide Answer
Q12. Who is the author of the book titled “Globalisation, Democratization and Distributive Justice”?
ANSWER: B. Manipur
The violence has been triggered by passage of three bills - Protection of Manipur People Bill, 2015, Manipur Land Revenue and Land Reforms (Seventh amendment) Bill, 2015 and Manipur Shops and Establishments (Second Amendment) Bill, 2015. Tribals fear that these legislations would allow "outsiders" to have rights over tribal land and not protect the indigenous people.
A. Dr. Mool Chand Sharma
B. Durga Dayal
C. Devi Prasad Verma
D. None of theseView Answer / Hide Answer
Q13. What methodology has been proposed by RBI on 1st Sep’15 to make Base Rate sensitive to policy changes?
ANSWER: A. Dr. Mool Chand Sharma
He is the Professor of Law at Delhi University and the Member of Law Commission of India.
A. Marginal cost of funds Methodology
B. Funds Methodology
C. Currency Methodology
D. All of theseView Answer / Hide Answer
ANSWER: A. Marginal cost of funds Methodology
The new methodology is aimed at bringing uniformity among Base Rate of banks so that they will be more sensitive to any changes in policy rates of the RBI like Cash Reserve Ratio (CRR), Statutory Liquidity Ratio (SLR), etc. At present, banks are following different methodologies in computing their Base Rate like on the basis of average cost of funds, marginal cost of funds or blended cost of funds (liabilities).