Current Affairs Questions & Answers - Feb 05, 2016

ANSWER: National Disaster Response Force

Explanation:
Mr. Pranab Mukherjee, the president of India extended his greetings to the National Disaster Response Force on the eve of their raising day. It was the 11th Raising Day’s eve on the 5th of February, 2016. NDRF has saved many lives and helped people during natural disasters such as those in Chennai and Nepal.

ANSWER: QPrize Make in India

Explanation:
For supporting the Make in India week, Department of Industrial Policy and Promotion and Qualcomm Inc through venture investment arm Qualcomm Ventures announced the largest startup contest in India called “QPrize Make in India” by awarding USD 350,0000 in equity investment as cash money prize for the company that wins the contest. The goal of this award contest is to galvanise entrepreneurial ventures and start up growth in India.

ANSWER: 4

Explanation:
World Cancer Day 2016 was observed across the world on 4th February 2016 with the year’s theme- We can. I can. World Cancer Day unites the population across the globe in the battle against cancer. World Cancer Day 2016-2018 will explore how individuals or collective can reduce global burden of cancer. World Cancer Day was founded by the Union for International Cancer Control/UICC for supporting the goals of the World Cancer Declaration, 2008. The primary aim is to significantly reduce illness and death caused by cancer by 2020. UICC was founded during the 1930s and based in Geneva.

ANSWER: DJ Pandian

Explanation:
Former Gujarat chief secretary DJ Pandian was appointed as the vice president and chief investment officer of Asian Infrastructure Investment Bank on February 3, 2016. His appointment has been approved by the bank. He is a 1981 batch IAS officer of Gujarat cadre and was also the MD of GSPC. AIIB was set up in 2015 and nominated former finance minister Jin Liqun as its first president. The 3 largest shareholders in the bank are Russia, China and India.

ANSWER: COO

Explanation:
Analytics service providing company Mu Sigma Inc has appointed Chief Operating Officer/COO Ambiga Dhiraj as the new CEO. Its former CEO, Dhiraj Rajaram will continue to remain the chairman.The new CEO will head the company out of Bengaluru, while the chairman will focus on client engagement in the US. Mu Sigma was founded in 2004 and it has 140 of the fortune 500 companies as its clients including Microsoft.

ANSWER: She Taxi

Explanation:
Kerala’s all women taxicab service She Taxi on 3rd February 2016 received the CM’s Award for Innovation in Public Policy 2014 in Thiruvananthapuram, Kerala. This taxicab service was selected under the developmental interventions category. This is India’s leading and first 24/7 taxi network for ladies by ladies. This taxicab service is promoted by Gender Park.

ANSWER: 2017

Explanation:
IT exports are all set to grow at a slower pace of 10-12% in the fiscal 2017 according th NASSCOM. The export will be hit by currency fluctuations and the weakening of the rupee against the US dollar. IT export industry is looking at 12.3% growth in 2015-2016 closing on March 31.IT services and software industry body had forecasted a growth of 12-14 percent in exports. Rupee industry had fallen to a 29 month low against the dollar, in recent times. Currency movement influences the industry which earns close to 80% of the revenue from US and Europe. Currency movement also influences the industry which earns close to 80% of the revenue from EU and US.

ANSWER: Ministry of Finance

Explanation:
FM Arun Jaitley has launched an official YouTube channel that will serve as a useful platform. There is a need for the platform where the complete material should be available. This has formed the basis of the YouTube channel which will disseminate information of the FM through videos. It will feature videos on numerous schemes, events, press conferences, meetings as well as exclusive videos on important schemes.

ANSWER: Juno

Explanation:
NASA’s Jupiter bound solar powered Juno spacecraft has executed a manoeuvre for adjusting the flight path, setting the stage for a meeting with the largest planet in the solar system. Launched from earth in 2011, Juno spacecraft will reach Jupiter in the month of July. The Juno spacecraft's thrusters consumed about 0.6 kg of fuel during the burn, and changed the spacecraft's speed by 0.31 metres per second. At the point of the manoeuvre, Juno was about 82 million km from Jupiter and approximately 684 million km from Earth.

ANSWER: FEMA

Explanation:
With the intention of promoting ease of performing business, RBI came up with 9 updated regulations under the Foreign Exchange Management Act/FEMA 1999. RBI has indicated that original notifications and coming amendments stand repealed. Revised regulations will have the same numbers as the old ones with the suffix R along with the year of publication. FEMA was enacted in 1999 and it had 25 original notifications.This act came into force w.e.f June 1, 2000.

ANSWER: Graphene

Explanation:
Scientists at University of Arkansas have created an artificial material with structure akin to wonder material graphene. Invented in the year 2004, graphene is a thick sheet of graphite which is as thick as one atom. Graphene transistors are more heat resilient than silicon transistors and may also increase the efficiency of computers. The first artificial graphene like structure with transition metal atoms instead of carbon atoms was created.