CURRENT AFFAIRS

2017

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Supreme Court has appointed Special Investigating Team (SIT) detects 70 thousand crore rupees Black Money.who is the chairman of SIT
A
Navin Sinha
B
Amitava Roy
C
Rohinton Fali Nariman
D
Arijit Pashayat
Explanation: 

Detailed explanation-1: -The SC on 4 July 2011, ordered the appointment of a Special Investigating Team (SIT) headed by former SC judge BP Jeevan Reddy to act as a watch dog and monitor investigations dealing with the black money. This body would report to the SC directly and no other agency will be involved in this.

Detailed explanation-2: -The SIT on black money is chaired by retired Justice M. B. Shah.

Detailed explanation-3: -The Modi government expected demonetisation to extinguish at least Rs 3-4 lakh crore of black money. However, RBI data show that 99% of the money that was invalidated came back into the banking system.

Detailed explanation-4: -The SIT is appointed by India’s Supreme Court or the government of the state.

Detailed explanation-5: -The Special Investigation Team was appointed by the Supreme Court of India on July4, 2011. It is headed by retired Supreme Court Judge Justice M B Shah and Justice Arijit Pasayat.

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