National Company Law Tribunal, Microsoft, Chennai-Mysore-Chennai Shatabdi Express, Ganga Utsav 2021, Tushil, G20 Summit 2021, and long-tailed bat, are some of the topics of our discussions. You can expect some for your current affairs or GK question papers. Having a better understanding of topics like the National Company Law Tribunal will help you in competitive examinations. Just go through the questions, try to answer them, and check out the results and the description.
Who has been appointed as the President of the National Company Law Tribunal (NCLT)? A) Justice Sanjay Karol B) Justice L. Narayana Swamy C) Justice Ramalingam Sudhakar D) Justice Jitendra Kumar Maheshwari
C) Justice Ramalingam Sudhakar On 29 October 2021, the Central government appointed Justice Ramalingam Sudhakar as the president of the National Company Law Tribunal (NCLT) for a period of five years. Justice Ramalingam Sudhakar is a former Chief Justice of Manipur High Court (18-05-2018 to 13-02-2021). He is hailing from Tamil Nadu.
National Company Law Tribunal (NCLT): The National Company Law Tribunal is a quasi-judicial body established in 2016 under the Companies Act 2013. NCLT is empowered to dispose off porceedings related to arbitration, compromise, arrangements, reconstructions etc. Further, it is the adjudicating authority for the insolvency resolution process of companies and limited liability partnerships under the Insolvency and Bankruptcy Code, 2016. The tribunal has sixteen benches in defferent parts of the country. The Tribunal has an Appellate Authority (NCLAT) over it for appealing against verdicts of NCLT.
2. Who has been appointed as the new Chairperson of the National Company Law Appellate Tribunal (NCLAT)? A) Justice Biswanath Somadder B) Justice Sanjib Banerjee C) Justice Ravi Ranjan D) Justice Ashok Bhushan
D) Justice Ashok Bhushan Justice Ashok Bhushan, a former judge of the Supreme Court (13-05- 2016 – 04-07-2021), was appointed as the chairperson of the National Company Law Appellate Tribunal (NCLAT) on 29-10-2021. The appointment will be for a period of four years. Justice Ashok Bhushan is from Uttar Pradesh.
National Company Law Appellate Tribunal (NCLAT): The National Company Law Appellate Tribunal (NCLAT) was constituted in terms of the Companies Act. It is authorided to decide on the veridcts passed by the National Company Law Tribunal (NCLT). The verdits of NCLAT can be questioned in the Suprem Court of India.
3. In the present time, which company is the most valuable publicly-traded company by market capitalization in the world? A) Saudi Aramco B) Apple C) Microsoft D) Alphabet
C) Microsoft Microsoft is the global leader in computer software and all related products and services. The company is famous for software products such as Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers.
As of 1 November 2021, it is the largest company by market capilization (of $2.523 trillion). Closely behind are companies such as Apple ($2.490T), Saudi Aramco ($2.016T), Alphabet (Google)-$1.954T and Amazon ($1.784T).
Microsoft was founded by Bill Gates and Paul Allen on 4 April 1975. India-born American budiness executive, Satyanarayana Nadella is the Executive Chairman and CEO of Microsoft.
4. What is the name of the first-ever Shatabdi Express train of the Indian Railways to receive the Integrated Management Systems (IMS) certification? A) Mumbai-Ahmedabad-Mumbai Shatabdi Express B) Chennai-Mysore-Chennai Shatabdi Express C) Howrah-Puri-Howrah Shatabdi Express D) New Delhi-Kalka-New Delhi Shatabdi Express
B) Chennai-Mysore-Chennai Shatabdi Express Chennai-Mysore-Chennai Shatabdi Express of the Southern Railway becomes the first integrated Management Systems (IMS) certified train among the Shatabdi Express group. What is Integrated Msnagement system or IMS? IMS integrates all processes and functional aspects of a system and makes it a single smart system. It makes the operation easy, save time and improve efficiency. In order to get the certification, it needs to meet a certain statndard ( ISO 9001)
5. The ‘Ganga Utsav 2021 – The River Festival’ is which edition of the annual Ganga festival? A) 5th B) 4th C) 3rd D) 6th
A) 5th ‘Ganga Utsav 2021 – The River Festival’ is a festival meant for honouring the contributions of the national river Ganga to the lives of people. Its objective is to emphasize the importance of people’s participation and increased involvement of other stakeholders in rejuvinating and restoring past splendors of the Ganga and other rivers in the country. The National Mission for Clean Ganga (NMCG) organizes this festival evey year in November. This commemorates the declaration of the river Ganga as the national river on 4 Novemebr 2008 by the then prime minister, Manmohan Singh.
On 4 November 2021, Union Minister for Jal Shakti Gajendra Singh innuaguarated the 5th edition of the festival in New Delhi. A 3-day event with various reiver-promotional programs was held as a part of the festival.
6. The Indian Navy frigate TUSHIL has recently been launched in which country? A) United States B) Israel C) Russia D) Japan
Indian Navy’s Frigate of P1135.6 class ship, named TUSHIL was launched on October 28 at Yantar Shipyard, Kaliningrad, Russia. The ship was constructed for the Indian Navy under an agreement between the governments of India and Russia signed in October 2016. According to the agreement, two ships would be constructed in Russia and two in India (Goa Shipyard Limited- GSL). The P1135.6 class ships also known as Talwar Class, a class of guided-missile frigates. They are expected to stregthen the Navy’s security operations in the Indian Ocean Region (IOR).
TUSHIL is the first of this package. It was built based on the Navy’s specific requirements to meet the entire spectrum of naval warfare in all three dimensions of Air, Surface and Sub-surface. The word “Tushil” in Sanskrit means Protector Shield .
7.Which country was the host nation for the G20 Summit 2021? A) Scotland B) Italy C) Russia D) UAE
B) Italy The G20 is group of 19 biggest economies in the world and the European Union. The 19 countries are Argentina, Australia, Brazil, Canada, China, Germany, France, India, Indonesia, Italy, Japan, Mexico, the Russian Federation, Saudi Arabia, South Africa, South Korea, Turkey, the UK, and the US. After the break of two years due to COVID-19 pandemic, the leaders personally met for the first time in Italy recently. The meeting dicussed on various important topics the world isfacing today. This includes climate change, economy, taxation, COVID-19 vaccines, economic aid to poor nations, etc..
8. Which country has named its native long-tailed bat as the Bird of the Year 2021? A) Sweden B) Ireland C) Australia D) New Zealand
D) New Zealand Pekapeka-tou-roa or Long-tailed bat, a native mammal in New Zealand was given this year’s Bird of The Year award recently. The Bird of the Year competition is an annual competition held by New Zealand’s independent conservation organisation Forest & Bird. The event is part of the campaigns for raising people’s awareness of the country’s native birds.
However the selection of a mammal as a contestant in a comptetion meant for birds has raised a controversy. Forset and Bird explained that the Long-tailed bat is one of two endangered species and the event will help spread details about it
9. The G20 member nation leaders have committed to take action to limit global warming at what level above pre-industrial levels? A) 1.5 degrees Celsius B) 2 degrees Celsius C) 3 degrees Celsius D) 2.5 degrees Celsius
A) 1.5 degrees Celsius G20, representing the world’s 20 biggest economies reaffirmed their commitment to hold the global average temperature increase to well below 2 C , and to take actions to limit it to 1.5 C above pre-industrial levels. Obviously, it will require meaningful and effective actions and commitment by all countrieloed especially developed and developing countries. International cooperation and mutual support are necessary. This includes finance and technology, sustainable and responsible consumption and production as critical enablers.
The leaders agreed to to take further action to achieve their 2030- Nationally determined contributions (NDCs). The countries are expected to formulate Long-Term Strategies consistent with the achievement of a balance between greehouse emissions and removal in the coming decades.
10. Which word has been chosen as the Word of the Year 2021 by Oxford English Dictionary? A) Immunization B) Jab C) Immunity D) Vax
D) Vax The word vax is the Oxford Dictionary’s word of the year 2021, a clear winner among about14 million words examined. The usage of the word vax rose 72 times as compared to 2020. Other words coming next in usage are Vaccinate (+34fold) and Vaccination (+18-fold). It is beleived that the surge in usage of these words has much to do with COVID-19 and related news around the world.
