Current Affairs Questions and Answers - September 2, 2015

ANSWER: C. 1st Apr’15

The Shah panel's recommendations were applicable only for FIIs and FPIs and did not pertain to cases involving foreign direct investment (FDI). In May , the government set up a panel headed by Justice AP Shah to suggest ways to resolve the MAT dispute as well as some other tax issues. Tax authorities had issued MAT notices to foreign portfolio investors last year which claim of Rs 600 crore.

ANSWER: B. 2nd Saturday of the month & C. 4th Saturday of the month

The Reserve Bank has said that the Real-time gross settlement - RTGS system will not be operated on second and fourth Saturdays with banks observing public holiday on those days. In a notification issued from Mumbai, RBI said that the system will operate for full days on working Saturdays of the month. The minimum amount to be remitted through RTGS is Rs 2 lakh while there is no upper ceiling.

ANSWER: C. 14th Finance Commission

He also said that this amount is different from the Rs 1.65 lakh crore that he announced earlier.

ANSWER: A. SBI & B. ICICI Bank

The D-SIB framework requires RBI to disclose the names of banks designated as D-SIBs every year in August starting from August 2015. Now it is to be interpreted as that these banks are so integral to the economy that their failure would have to be prevented at any cost.

ANSWER: C. Ratan P Watal

He is a 1978-batch IAS officer of the Andhra Pradesh cadre.

ANSWER: D. Punjab National Bank

Rating agency Fitch Ratings downgraded PNB's Viability Rating by one notch to 'bb' on the growing risk to the bank's capital position from a mounting stock of stressed assets.

ANSWER: D. Kerala

It was announced on 1st Sep’15. According to UNESCO, the award recognises the conservation effort with conservation techniques emphasising on architecture and construction.

ANSWER: D. All of the above

The new partnership with the Alliance is an extension of Indian Government’s commitment to reduce cash in its economy. The alliance is made up of Governments, companies, and international organizations that accelerate the transition from cash to digital payments in order to reduce poverty and drive inclusive growth. Dr. Ruth Goodwin-Groen, Managing Director of the Better Than Cash Alliance said, India’s leadership and progress are inspirational for countries around the world. He said, by making the digitization of payments to achieve financial inclusion a top priority, India is showing its commitment to improving the lives of its people and driving inclusive growth.

ANSWER: A. Google

The three year inquiry centers on complaints filed by several websites which claimed Google had been unfairly highlighting its own services. The accusations are similar to other allegations Google has faced in the US and Europe. The San Francisco based company says it is confident it will be cleared of wrongdoing in India. The firm has ten days to respond to the findings by the Indian Competition Commission.

ANSWER: C. Australia

The total number of Indian visiting Australia this year was 2,07,000. In Melbourne, Australian trade minister Andrew Robb said that India was one of the fastest growing markets. Mr. Andrew said that the result demonstrates that tourism is one of its strengths. He said that tourism can be its fastest growing sector this decade if its continues to leverage on the 'clean, green and safe' brand to position itself for tourism.

ANSWER: B. 22 years

On 1st Sep’15 India ended a 22 year long drought of a win over Sri Lanka on Sri Lankan soil, when they clinched their first Test series with the Island ,with an emphatic 117-run victory over the hosts in the third and final cricket Test. India’s last series success in Sri Lanka came under Mohammad Azharuddin’s captaincy in 1993.

ANSWER: A. Yoga

The Ministry also decided to upgrade Fencing from Others to General category, based on the past performance in major international events. It has also been decided to place University Sports in the Priority category. The Ministry also reviewed the categorization of various Sports disciplines and the revised categories of sports disciplines and the scale of financial assistance admissible to each category was conveyed to IOC and all recognized National Sports Federations on 23rd March, 2015.

ANSWER: B. Mumbai

Mumbai beat Tamil Nadu Cricket Association Districts,TNCA , XI by six wickets and clinched the Buchi Babu Memorial Trophy in the All India invitation cricket tournament in Chennai.

ANSWER: B. PARICHAALAN

Parichaalan’ is a mobile application conceptualized and developed by CRIS to make decision making on freight operations absolutely easy and user friendly. The application is a powerful tool as it not only represents data in a pictorial and graphical manner that is easily comprehensible but also makes the information dynamic and current in nature.