LIC AAO 2016: General Awareness Test – Day 17

Explanation – Portugal President Anibal Cavaco Silva has appointed Goa-origin Antonio Costa as the new prime minister after the government formed following the October 4 election

Explanation: Corporate Debt Restructuring (CDR) mechanism is a mechanism under which financial institutions and banks come together to restructure the debt of companies facing financial difficulties due to internal or external factors, in order to provide timely support to such companies.

Explanation: Masala bonds are rupee-denominated borrowings by Indian entities in overseas markets. The International Finance Corporation (IFC), the investment arm of the World Bank, last November, issued bond to fund infrastructure projects in India. These bonds were listed on the London Stock Exchange (LSE). IFC then named them Masala bonds to give a local flavour by calling to mind Indian culture and cuisine.

Explanation –
Tiroda Thermal Power Station is a coal-based thermal power plant located at Tirora in Gondia district, Maharashtra. The power plant is operated by the Adani Power.

Explanation –
Canada has sent the first uranium consignment of 250 tonnes to India for its nuclear power reactors, over two years after the civil nuclear deal signed between the two countries came into force.

Explanation – The eighth edition of India-Russia joint naval exercise, ‘INDRA NAVY-15’, has begun in Visakhapatnam, Andhra Pradesh. It is being conducted in the Bay of Bengal

Explanation :
In 1902, the first modern electrical air conditioning unit was invented by Willis Carrier in Buffalo, New York. After graduating from Cornell University, Carrier found a job at the Buffalo Forge Company.

Explanation – In a bid to benefit urban poor under the PM’s Awas Yojana (Urban), Ministry of Housing & Urban Poverty Alleviation accredited construction of 81,757 houses for Economically Weaker Sections (EWS) in urban areas in 7 states with project outlay of Rs. 4, 076 cr.

Explanation – India’s most successful cueist Pankaj Advani on Saturday added another feather in his cap by winning the IBSF World Snooker Championship after battling past his Chinese opponent Zhua Xintong in the final to take his world title count to 15.

Explanation – Gurudongmar Lake is one of the highest lakes in the world. This fresh-water lake is located northeast of the Kangchenjunga range in Sikkim.