Current Affairs Questions & Answers - Nov 04, 2015

ANSWER: Sabse

Explanation:
Ratan Tata has invested in California based Wi-Fi carrier Sabse Technologies founded by Hotmail co founder S. Bhatia. This comes after his investment in US based virtual currency firm Abra. He has also backed food startup Holachef. On board of several VC funds like IDG Ventures, Kalaari Capital and Jungle Ventures and online-deal making platform LetsVenture, he is a prolific start up investor. Through his investment company RNT Associates, he invests between a couple of lakhs to 10 crores in these companies.

ANSWER: Ahmed Chalabi

Explanation:
Well known Iraqi politician Ahmed Chalabi who had played a central role in the US invasion of Iraq in 2003 died on November 3, 2015 of a heart attack. He was a secular Shia and rose to prominence as leader of exiled Iraqi national congress. Born in 1944, he worked to oppose the Saddam Hussein regime in 2003.

ANSWER: Gyan Setu

Explanation:
Centre for Development of Telematics on 2nd November 2015 has won the Recognition of Excellence award for Gyan Setu at the ITU World Telecom 2015 held at Budapest, Hungary. This project aims to boost PM Modi’s Digital India initiative and was showcased live at the event as a part of Digital India Pavilion by the C-DOT under the Ministry of Communication and Information Technology (IT).

ANSWER: International Indigenous Terra Madre

Explanation:
The International Indigenous Terra Madre-2015, which brings over a 100 tribes from 58 nations together, commenced on 3 November 2015 in Shillong, Meghalaya and will run till 7 November 2015. The event’s theme is The Future We Want: Indigenous Perspectives and Actions. Reps from 14 African nations and 17 Asian countries as well as 8 nations from EU and 12 American nations along with 7 Oceania nations will take part in this 5 day long food fiesta.

ANSWER: 22

Explanation:
Marine archaeologists have made a once in a lifetime discovery after locating 22 ancient shipwrecks near the Greek archipelago. The wrecks were uncovered by the expedition crew and date back to 700 BC, around the archipelago of Fourni, which is in the middle of an ancient trade route between Greece, Egypt and Cyprus. The scientists now hold that there could be up to 40 shipwrecks in 17 square miles. The majority of the wrecks date from between 700BC to 600AD but one was found to have sank in the 16th century .Fourni is a collection of 13 islands between the islands of Samos and Icaria and was an important staging post in the long distance trading routes between the Black Sea, the Aegean Sea, Cyprus, and the Levant.

ANSWER: Who raises them?

Explanation:
University of Illinois researchers have found that honey bees are tuned into the social culture of the hive as larvae depending on who has raised them. The researchers studied young bees weeks away from adulthood. The scientists cross fostered adult bees from gentle to more aggressive colonies and vice versa and measured their gene expression. The bees were found to have a complex pattern of gene expression influenced by personal genetic identity and environment of the colony they reside in.

ANSWER: Suresh N Patel

Explanation:
Patel took charge in November 2015 and has 30 years of experience in the banking sector. He succeeded CVR Rajendra who retired in April 2015 to become CEO of Association of Mutual Funds in India. Patel has also worked with Dena Bank and Oriental Bank of Commerce. He is also a certified member of Indian Institute of Bankers.

ANSWER: India

Explanation:
India is leading the global consumer confidence index in Q3 with 121 points followed by US, Philippines and Indonesia with 119, 117 and 116 points respectively. India’s economy may be slowing down but its consumer confidence score remains intact at 131.

ANSWER: Deepak Singhal

Explanation:
RBI on 2nd November 2015 has appointed Deepak Singhal as the Executive Director and this appointment will take place from that day itself. He replaced KK Vohra who now will manage the DICGC. He will look after Central Security Cell, Corporate Strategy and Budget Department, Department of Corporate Services, Human Resource Management Department (including HR Operations Unit), Rajbhasha Department and Right to Information Act Division. Before his appointment as ED, he had worked as Regional Director in charge of RBI, New Delhi.

ANSWER: 2684

Explanation:
RBI has fixed public issue price at INR 2684 per gram for sovereign gold bonds for which applications will be accepted from November 5 to 20. Gold bond scheme will offer investors interest rate of 2.75 percent and choice to purchase bods worth 2 grams of gold. This is up to a maximum of 500 grams. Rate has been fixed on account of the simple average of closing price for gold of 999 purity during the week October 22-30 2015.

ANSWER: Ola

Explanation:
Ride hailing app company Ola on 3rd November 2015 announced it would purchase vehicles from Japan based car company Nissan Motor’s local unit for fleet expansion as it competes with US based Uber for a bigger market share. Ola will also sign similar partnerships with other carmakers.

ANSWER: 15

Explanation:
The International Space Station turned 15 on November 2nd and NASA celebrated the event with an amazing musical video detailing facts about the lab station and explaining the logistics of the station. Close to 200 persons have lived on the space station since its inception in 2000. Close to 1700 science experiments have been conducted on the lab.