Q1477. Which two nations on 17th September 2015 jointly created a Joint Challenge Coin to symbolise new partnership in creating next generation aircraft carriers for the naval forces?
a. India and United States
b. China and United States
c. Japan and United States
d. Bangladesh and United States
ANSWER: India and United States
India and the US have created a joint challenge coin for unique partnership in the field of naval armament. One side of the coin is inscribed with the message Forward Together We Go and Chale Saath Saath in Hindi on the other side . This reflects the vision statements of the US president and the Indian PM respectively. One side of the coin that is golden in colour has India and US flags and the other shows an aircraft carrier floating on blue waters. The coin was created by JWG at the first meeting in August 2015 to symbolise partnership between naval forces which in turn was announced in January 2015 during president Obama’s visit to India.
Q1478. Market regulatory SEBI has notified new norms on 18th September 2015 regarding the following:
b. Permission for such operations being required from special courts
c. Both of the above
d. None of the above
ANSWER: Both of the above
Market regulatory authority SEBI has notified new norms to dilute chairman powers regarding conduct during search and seizure of defaulter’s properties. Permission for such operations will be required from the special court by SEBI, as against earlier regulations that left the chief of SEBI directly authorise these actions. Regulations are referred to as Securities and Exchange Board of India(Procedure for Search and Seizure) Repeal Regulations 2015. Search and seizure operations will now have to be authorised by Magistrate or Judge of the designated court. Securities Law AA 2014 is an attempt to curb ponzi schemes.
Q1479. SEBI has recently informed listed companies to notify stock exchanges at least how many days in advance regarding board meetings on proposals related to buyback of securities, voluntary delisting and fund raising?
a. 2
b. 3
c. 4
d. 5
ANSWER: 2
Under new norms, prior intimation of a board meeting must be forwarded to stock exchanges 2 days prior. Move aims to create transparency in business affairs of listed firms. For financial results, at least 5 days advance notice is required prior to consideration of such a proposal of the company. As regards alteration in date pf payment of interest or nomenclature of securities listed in stock exchange, listed firms will have to tell the bourses at least 11 working days prior about board meetings of such proposals. New norms are part of listing regulations of SEBI which have been aligned with the Companies Act 2013.
Q1480. Recently, the US Federal Reserve Chief Janet Yellen undertook the following on 17th September 2015?
a. Interest rates in the US were changed
b. Interest rates in the US were kept the same
c. Interest rates in the US were lowered
d. Interest rates in the US were raised
ANSWER: Interest rates in the US were kept the same
US Fed Reserve Chief Janet Yellen decided to keep the interest rates in the US economy unchanged. Indian fund managers and economists see this decision as another enabling factor for RBI to cut rates, which could give some more boost to the Indian economy that is again showing signs of stagnation.For the equity market, the immediate trend decider would be how the global markets react to the US rate decision. With Yellen not hiking the rates, FIIs are expected to be part of the Indian growth story.
Q1481. Hero Cycles has acquired which Delhi based premium bicycle brand for an undisclosed sum on 18th September 2015?
a. Firefox Bikes
b. Champion Bikes
c. Firefox Cycle Accessories
d. Champion Cycle Accessories
ANSWER: Firefox Bikes
The world’s largest bicycle manufacturer by volume, Hero Cycles has acquired Firefox Bikes for an undisclosed sum in all cash deal. As part of the deal, Firefox Bikes will continue to have its distinct brand identity and remain a separate business entity post the acquisition. Promoters of this Delhi based firm have divested their entire equity in the deal. Deal involves Firefox brand of cycles, accessories and spares along with exclusive distribution rights of `Trek' and other international brands.
Q1482. Which Bengaluru based healthcare startup has raised USD 1.15 million in Pre Series A round finding led by Accel Partners on September 18, 2015?
a. HealthifyMe
b. CureJoy
c. Flexipass
d. Truweight
ANSWER: CureJoy
Bengaluru based healthcare startup CureJoy has raised USD 1.15 million in funding led by Accel Partners India while other investors are Venk Krishnan, founder of Nuware Technologies, and Larry Braitman, the founder of Flycast and Adify. Funds will be used by the Bengaluru startup to expand services globally. This firm is a creation of Dikshant Dave and Shrinivasa Sharma, CureJoy, a content publishing and aggregation platform, commenced operations in October 2013 to address the common concerns of people in the existing healthcare system. It provides curated content through its backend algorithms and technology on natural health and wellness by experts usually associated with large universities like Stanford or UCLA and merges it with the global trends and patterns. Currently, it is headquartered in California, USA and manages the entire operations and development from Bengaluru. Others in the healthcare segment include HealthifyMe, Truweight, and Flexipass.
Q1483. European telecom group Altice has become a major force in the US cable market after agreeing to buy which company:
a. Cablevision
b. Cablefield
c. Suddenlink
d. None of the above
ANSWER: Cablevision
European telecom group Altice looks to become a massive force in the US cable market after agreeing to purchase 4th largest US cable operator Cablevision in a cash and shares deal worth USD 17.7 billion including debt. Altice was by French Israeli billionaire Patrick Drahi who entered the US market in May through the purchase of regional cable group Suddenlink for USD 9.1 billion.
The company will pay $34.90 in cash per share, a 22 per cent premium on 16th September closing price of $28.54. Cablevision currently has 3.1 million customers in the New York, Connecticut and New Jersey area.Together both operators represent the fourth-largest cable operation in the U.S. market.
Q1484. Cognizant has recently named which former PepsiCo executive to its Board of Directors?
a. Indra Nooyi
b. Zein Abdalla
c. Francisco D’Souza
d. None of the above
ANSWER: Zein Abdalla
IT major Cognizant has named former PepsiCo exec Zein Abdalla to its BoD on 17th September 2015. He was president of PepsiCo from September 2012 to retirement in December recently.
Mr. Abdalla, 57, will serve as a board member until the company’s annual stockholders’ meeting in 2016, as per the release.
Q1485. Which Indian has recently been invited to the United Nations' High Level Advisory Group on Sustainable Transport (HLAG-ST) on 18th September 2015?
a. Metro Man E. Sreedharan
b. Agricultural Scientist M. S. Swaminathan
c. TERI D-G R. K. Pachauri
d. None of the above
ANSWER: Metro Man E. Sreedharan
Sreedharan, the Principal Advisor to Delhi Metro Rail Corporation, has been invited by the United Nations Secretary General Ban Ki-moon to serve on his HLAG-ST as per a DMRC release on 18th September 2015. Service is for period of 3 years. Sreedharan has accepted the offer.
Q1486. Government has increased total debt in the April-June period of the current fiscal as against previous quarter by how much?
a. 3.2%
b. 3.3%
c. 3.4%
d. 3.5%
ANSWER: 3.5%
GoI has increased total debt by 3.5% in April-June period of fiscal 2015-2016 as against the previous quarter. The public debt (excluding liabilities under the `Public Account') of the central government provisionally increased by 3.5% in the first quarter of FY2016 on quarter-on-quarter basis,“ as per a finance ministry statement. Internal debt constituted 92.3% of public debt at end of June 2015, while marketable securities accounted for 84.2%, the statement said. Close to 29.5% of outstanding stock has a residual maturity of up to five years, which implies that over the next five years, on an average, around 5.9% of outstanding stock needs to be rolled over every year, the statement added.
Q1487. 8th Global Innovation Index (GII) 2015 was released on 17 September 2015 jointly by Cornell University, INSEAD and the World Intellectual Property Organization (WIPO). What was the theme on which it was based?
a. Sustainable Development and Green Technologies
b. Effective Innovation Policies for Development
c. Sustainable Policies for Development
d. None of the above
ANSWER: Effective Innovation Policies for Development
1. Switzerland
2. United Kingdom
3. Sweden
4. Netherlands
5. United States of America
6. Finland
7. Singapore
8. Ireland
9. Luxembourg
GII 2015 was recently released showing emerging economy policymakers can boost innovation with Switzerland being the most innovative nation. Countries like China, Malaysia, Vietnam, India, Jordan, Kenya and Uganda are among a group of countries outperforming their economic peers, according to GII 2015. India was ranked 81 and remained the top of regional ranking in C and S Asia, followed by Kazakhstan and Sri Lanka. Numerous low-income economies are innovation achievers with Sub-Saharan Africa standing out- Rwanda at 94th place, Mozambique at 95th and Malawi at 98th. Additionally, Kenya, Mali, Burkina Faso and Uganda are generally outperforming other economies at their level of development. The top 10 ranked countries were as follows:
1. Switzerland
2. United Kingdom
3. Sweden
4. Netherlands
5. United States of America
6. Finland
7. Singapore
8. Ireland
9. Luxembourg
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