GK & Current Affairs – December 23, 24, 2015

1. Which of the following new method is introduced by the RBI to calculate banks lending rate to borrowers?
Answer: MCLR
To ensure better transmission of its rate cut to borrowers, the Reserve Bank of India (RBI) has introduced the Marginal Cost of Funds based Lending Rate (MCLR) to calculate the banks lending rate to borrowers. All rupee loans sanctioned and credit limits renewed w.e.f. April 1, 2016 will be priced with reference to the MCLR method. Currently, many banks follow average cost of funds or ‘blended cost of funds (liabilities) method’ for calculating the base rate. The MCLR methodology will help the borrowers to reap the benefit of lower lending rates. It will also improve transparency in the methodology followed by banks for determining interest rates on advances.
2. Which of the following states will host the 2019 National Games of India?
[C]Andhra Pradesh
[D]Himachal Pradesh
Answer: Andhra Pradesh
Andhra Pradesh has won the bid to host the 2019 National Games after Meghalaya withdrew from the bidding process after a series of meetings with its Andhra Pradesh counterparts. While Goa is hosting the next edition (36th) of National Games in 2016, Chhattisgarh, Uttarakhand and Haryana had placed bids for the 2018 games. Although National Games are held once in two years, the next calendar is said to have been adjusted to 2019 following AP’s request.
3. Which of the following is the first Asian country to approve world’s first-ever dengue vaccine ‘Dengvaxia’?
Answer: Philippines
Philippines has became the first Asian country to approve the sale of the world’s first ever dengue vaccine Dengvaxia in the country. The Dengvaxia vaccine has been manufactured by French pharmaceutical manufacturer Sanofi Pasteur. It has been designed to protect people in the 9-45 age groups from all four subtypes of the virus.
4. Which of the following Indian states is the first to take up PPP Projects for rehabilitation of slum dwellers?
[D]Tamil Nadu
Answer: Gujarat
Gujarat has become the first state in the country to take up Public-Private Partnership Projects for an in-situ redevelopment of slums in urban areas under the recently launched Prime Minister’s Awas Yojana (Urban).
5. On which date, the World Tsunami Awareness Day is observed?
[A]October 13
[B]November 5
[C]December 22
[D]January 11
Answer: November 5
Recently, the United Nations General Assembly (UNGA) has adopted a resolution to designate ‘November 5’ as World Tsunami Awareness Day every year. The purpose of tsunami day is to raise awareness among people in the world of the dangers of tsunami and stressing the importance of early warning systems in order to mitigate damage. The November 5 has been selected by UNGA to coincide with the annual anniversary of the 1854 Inamura-no-hi or “Fire of Inamura” event. On November 5 of that year a Japanese villager through his quick action saved countless lives when he set fire to sheaves of rice, thus warning people of the imminent danger of a tsunami. Note: The International Day for Disaster Reduction has been observed annually on October 13 to highlight tsunami.
6. Who of the following has been chosen for the 2015 C.K. Nayudu Lifetime Achievement Award?
[A]Kapil Dev
[B]Dilip Vengsarkar
[C]Syed Kirmani
[D]Sunil Gavaskar
Answer: Syed Kirmani
India’s former wicket-keeper batsman, Mr. Syed Kirmani has been chosen for the prestigious 2015 C.K. Nayudu Lifetime Achievement Award. He will be the 23rd recipient of the award. The award comprises a trophy, citation and cheque for Rs. 25 lakhs. He played 88 test matches and 49 ODIs. In 1983 world cup, Kirmani won the best wicket-keeper, in it, he shared an unbeaten 126 run-partnership with Kapil Dev against Zimbabwe as the Indian captain went on to register one of India’s greatest wins at Tunbridge Wells.
7. The Basohli bridge is located on which of the following rivers?
Answer: Ravi
Recently, the Union Defence Minister Manohar Parrikar has inaugurated the cable stayed-bridge on river Ravi at Basholi area of Kathua district of Jammu province. The 592-metre-long Basholi bridge is first of its kind in North India. It will provide close connectivity between the three states of Jammu and Kashmir, Himachal Pradesh and Punjab. The other three cable-stayed bridges are of India are Hooghly Bridge at Kolkata, Naini Bridge in Allahabad and Rajiv Gandhi Sea Link in Mumbai.
8. Who of the following has won the 2015 ICC Cricketer of the Year?
[A]Steven Smith
[B]AB de Villiers
[C]Virat Kohli
[D]Brendon McCullum
Answer: Steven Smith
The Australian captain, Steven Smith has became the 4th Australia player and 11th player overall to won the prestigious Sir Garfield Sobers Trophy after being named as the ICC Cricketer of the Year 2015. He also won the 2015 ICC Test Cricketer of the Year award.
9. Which of the following countries announced to adopt Chinese Yuan as its legal currency?
Answer: Zimbabwe
Recently, the Zimbabwe government has announced that it will officially make the Chinese yuan as legal currency after Beijing confirmed that it would cancel $40m in debts. As per the decision, Yuan will be a function of trade between China and Zimbabwe and acceptability with customers in Zimbabwe.
10. Who of the following has been bestowed with the 2015 National Medal of Science of the United States (US)?
[A]Sandeep Tyagi
[B]Gautam Dingara
[C]LS Ashok
[D]Rakesh K. Jain
Answer: Rakesh K. Jain
Rakesh K. Jain, an Indian American professor, has been bestowed with the 2015 National Medal of Science of the United States. He will be presented the award along with 16 other winners by President Barack Obama at a White House ceremony in January 2016. Currently, Mr. Jain is working as professor at Harvard Medical School and also is the director of tumour biology laboratory at Massachusetts General Hospital. He is regarded as a pioneer in the area of tumour micro-environment and widely recognized for his seminal discoveries in tumor biology, in vivo imaging, bioengineering, drug delivery and bench-to-bedside translation. The National Medal of Science is an honour bestowed by the President of the United States to individuals in science and engineering who have made important contributions to the advancement of knowledge in the fields of behavioural and social sciences, biology, chemistry, engineering, mathematics and physics.

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