Current Affairs Questions & Answers - Feb 02, 2016

ANSWER: JS Deepak

Explanation:
JS Deepak took charge as the telecom secretary following a top level bureaucratic shuffle. He is a 1982 batch UP cadre IAS officer and former telecom secretary Rakesh Garg was over to Minority Affairs Ministry in the month of January. Garg had taken over in the month of July 2014 and returned in November. Arun Sharma has been appointed as secretary DiETY while Deepak was the choice for telecom secretary.

ANSWER: Planetary embryo

Explanation:
A massive head on collision created earth when planetary embryo Theia around the size of Mars collided with earth 4.5 billion years back when the planet was 100 million years old. It was more of a head on collision according to UCLA researchers and force of the impact resulted in early Earth and Theia, together to form a single planet, with a piece breaking off and entering its gravitational pull to form the moon.

ANSWER: Zika

Explanation:
WHO has announced the massive spread of the Zika cruise in the Americas as an event that merits being an international emergency. The agency convened an emergency meeting of independent experts to assess the outbreak after noting a suspicious link between Zika’s arrival in Brazil last year and a surge in the number of babies born with abnormally small heads. WHO estimates there could be up to 4 million cases of Zika in the Americas in the next year.

ANSWER: FDI

Explanation:
RBI has made online filing of FDI forms a must from February 8th and asked banks for filing forms pertaining to FDI only online within the e-Biz portal. RBI has enabled online filing of three returns namely ARF, FCGPR and FCTRS.

ANSWER: JK Garg

Explanation:
JK Garg has taken over as CMD of the Corporation Bank following SR Bansal’s retirement. He was an ED in UCO Bank prior to this. He started his career in Corporation Bank in the 1980s. He as experience in retail banking as well as forex operations.

ANSWER: Archana Ramasundaram

Explanation:
Becoming the first woman to head the paramilitary force, senior IPS officer Archana Ramasundaram has been appointed as DG of SSB or Sashastra Seema Bal. She is currently the Director at NVRB. She has been appointed to the post till her superannuating in September 2016. She is the first women police officer to be appointed chief of a paramilitary force. SSB guards the nation’s frontiers.

ANSWER: Datta Padsalgikar

Explanation:
Veteran IPS officer Datta Padsalgikar has been appointed as Commissioner of Police w.e.f 31st January 2016 succeeding Ahmed Javed who was appointed as Ambassador to Saudi Arabia. He became the 40th police commissioner of the city and was on deputation to IB before this.

ANSWER: Advance Pricing Agreements

Explanation:
CBDT has signed APA with two UK based firms. Two APAs address the issue pf payment of management, service charges and payment of royalty. Transactions are generally prolonged and multi-layered transfer pricing.