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Current Affairs Quiz: 1 March 2024

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AffairsCloud brings you the complete and important daily Current Affairs Quiz 1 March 2024 to achieve more marks in Banking, Insurance, UPSC, SSC, CLAT, Railways and all other competitive Exams. We have prepared the current affairs quiz question from our daily current affairs 2023 updates.

Our Current Affairs March 2024 events will help you to get more marks in Banking, Insurance, SSC, Railways, UPSC, CLAT and all State Government Exams. Also, try our Current Affairs Quiz.

  1. Which of the following points is/are “correct” with respect to the Prime Minister (PM) Narendra Modi’s visit to Gujarat and Uttar Pradesh in February 2024?
    A) Prime Minister (PM) attended the Golden Jubilee (50 years) celebrations of the Gujarat Cooperative Milk Marketing Federation (GCMMF) at the Narendra Modi Stadium in Motera, Ahmedabad (Gujarat).
    B) PM initiated work commencement for the construction of Pradhan Mantri Mega Integrated Textile Region and Apparel (PM MITRA) Park with an investment worth Rs 3,000 crores in Navsari, Gujarat.
    C) PM Narendra Modi unveiled the newly installed statue of Sant Ravidas in Varanasi on his 647th birth anniversary, on 23rd February,2024.

    1) Only A
    2) Only A & B
    3) Only B & C
    4) Only A & C
    5) All A, B & C
    Answer-5) All A, B & C
    Explanation:
    Prime Minister (PM) Narendra Modi visited Gujarat and Uttar Pradesh (U.P.) on 22nd February, 2024 to 23rd February, 2024.
     During his visit, PM inaugurated and laid the foundation stone of various development projects in both these states.
    i. Prime Minister (PM) attended the Golden Jubilee (50 years) celebrations of the Gujarat Cooperative Milk Marketing Federation (GCMMF) at the Narendra Modi Stadium in Motera, Ahmedabad (Gujarat).
    ii. During his visit to Gujarat, PM initiated work commencement for the construction of Pradhan Mantri Mega Integrated Textile Region and Apparel (PM MITRA) Park with an investment worth Rs 3,000 crores in Navsari, Gujarat.
    iii. PM Narendra Modi unveiled the newly installed statue of Sant Ravidas on the eve of his 647th birth anniversary on 23rd February,2024 in Varanasi, Uttar Pradesh.

  2. Name the Union Minister who has recently (in Feb ‘24) unveiled a new database for India’s startup ecosystem, named Bharat Startup Ecosystem Registry, a website, & logo of ‘Startup Mahakumbh’.
    1) Narayan Tatu Rane (Union Minister of MSME)
    2) Dharmendra Pradhan (Union Minister of Skill Development and Entrepreneurship)
    3) Piyush Goyal (Union Minister of Commerce and Industry)
    4) Giriraj Singh (Union Minister of Rural Development)
    5) Ashwini Vaishnaw (Union Minister of Electronics and Information Technology)
    Answer-3) Piyush Goyal (Union Minister of Commerce and Industry)
    Explanation:
    Union Minister Piyush Goyal, Ministry of Commerce and Industry (MOCI) unveiled a new database for India’s startup ecosystem, named Bharat Startup Ecosystem Registry, a website, and logo of ‘Startup Mahakumbh’ during the curtain raiser event of the first-ever ‘Startup Mahakumbh’.
    i. The registry will act as a single platform database for startups, investors, incubators, and other stakeholders in India’s startup ecosystem.
    ii. The event was organised by the Department for Promotion of Industry and Internal Trade (DPIIT), under MOCI.

  3. Which regulatory body/Government agency has recently (in Feb ‘24) signed an MoU with the Deendayal Antyodaya Yojana -National Rural Livelihoods Mission (DAY-NRLM) to support rural women Self-Help Groups (SHGs)?
    1) NITI Aayog
    2) National Bank for Agriculture and Rural Development
    3) Reserve Bank of India
    4) Small Industries Development Bank of India
    5) Insurance Regulatory and Development Authority
    Answer-2) National Bank for Agriculture and Rural Development
    Explanation:
    On 27th February 2024, The National Bank for Agriculture and Rural Development (NABARD) and Deendayal Antyodaya Yojana -National Rural Livelihoods Mission (DAY-NRLM), under the Ministry of Rural Development(MoRD), have signed a Memorandum of Understanding (MoU) aimed at bolstering rural women Self-Help Groups (SHGs).
    i. Under this MoU, NABARD and NRLM will empower the Women SHGs through capacity building, marketing support, and financial inclusion initiatives. The MoU covers a period of 3 years.
    ii. The MoU aligns NABARD’s role as an enabler and facilitator in the SHG ecosystem with NRLM’s goal of promoting women-led development in rural areas.

  4. In February 2024, Pension Fund Regulatory and Development Authority (PFRDA) notified Amendments to PFRDA (Retirement Adviser) Regulations 2016 with effect from 20th February 2024.
    An application for grant of certificate of registration should be disposed of by PFRDA within __________ (days).

    1) 15 days
    2) 60 days
    3) 20 days
    4) 30 days
    5) 10 days
    Answer-4) 30 days
    Explanation:
    Pension Fund Regulatory and Development Authority (PFRDA) made changes to the PFRDA (Retirement Adviser) Regulations 2016 with effect from 20th February 2024.
     This regulation may be termed as the Pension Fund Regulatory and Development Authority (Retirement Adviser/ RA) (Amendment) Regulations, 2023.
     The amendment was made in exercise of the powers conferred by sub-section (1) of section 52 read with clause (w) of sub-section (2) thereof and clause (d) of sub-section (2) of section 14 of the PFRDA act, 2013 (23 of 2013).
    i. Grant of certificate of registration: An application for grant of certificate of registration should be disposed of by PFRDA within 30 days. Click here to read more

  5. During the Reserve Bank of India (RBI)’s Financial Literacy Week (FLW), RBI launched the Financial Literacy Ideathon for Postgraduate (PG) students, currently enrolled in recognized educational institutions.
    What is the theme of FLW 2024, which is being observed from 26th February to 1st March 2024?

    1) Encode Digital Economy
    2) Make a Right Start – Become Financially Smart
    3) Good Financial Behavior- Your Saviour
    4) Go Digital, Go Secure
    5) Know and Plan your Finances to Live a Better Life
    Answer-2) Make a Right Start – Become Financially Smart
    Explanation:
    The Reserve Bank of India (RBI) has launched the Financial Literacy Ideathon for Postgraduate (PG) students, currently enrolled in recognized educational institutions.
     The Ideathon is being organised as a part of the RBI’s Financial Literacy Week (FLW) 2024 observed from 26th February to 1st March 2024.
     The theme of FLW 2024 is “Make a Right Start – Become Financially Smart”. The 2024 theme targets young adults, mainly students.

  6. In February 2024, the Asian Development Bank (ADB) raised a USD __________, 5-year global bond.
    1) 5.0 billion
    2) 2.1 billion
    3) 3.5 billion
    4) 4.2 billion
    5) 4.0 billion
    Answer-3) 3.5 billion
    Explanation:
    On February 28, 2024, the Asian Development Bank (ADB) priced a USD 3.5 billion 5-year global bond. The proceeds of this bond will become part of ADB’s ordinary capital resources.
    i. Bond Details:
     The bond was priced at 99.827% to yield 12.7 basis points over the 4.25% United States Treasury notes due February 2029.
     Coupon rate: 4.375% per annum (payable semi-annually)
     Maturity date: 6 March 2029

  7. Which company has recently (in Feb ‘24) signed a Joint Venture Agreement (JVA) with Maharashtra State Power Generation Company Limited (MAHAGENCO) to develop Gigawatt (GW)-scale Renewable Energy Parks in Maharashtra in a phased manner?
    1) NTPC Green Energy Limited
    2) Adani Green Energy Limited
    3) Tata Power Limited
    4) Suzlon Energy Limited
    5) ReNew Power Private Limited
    Answer-1) NTPC Green Energy Limited
    Explanation:
    NTPC Green Energy Limited (NGEL) and Maharashtra State Power Generation Company Limited (MAHAGENCO) have signed a Joint Venture Agreement (JVA) to develop Gigawatt (GW)-scale Renewable Energy Parks in Maharashtra in a phased manner.
    i. The agreement is in alignment with the green energy objectives of NTPC which aims to attain 60 GW of renewable energy capacity by the year 2032.

  8. Which company has recently (in Feb ‘24) signed a joint venture agreement (JVA) with the Bharat Heavy Electricals Limited (BHEL)  to establish an ammonium nitrate plant in Odisha?
    1) Oil and Natural Gas Corporation
    2) Coal India Limited
    3) Indian Oil Corporation
    4) Oil India Limited
    5) Bharat Petroleum Limited
    Answer-2) Coal India Limited
    Explanation:
    On 28th February 2024, Coal India Limited (CIL) and Bharat Heavy Electricals Limited (BHEL) signed a joint venture agreement (JVA) to establish an ammonium nitrate plant in the Lakhanpur area of Mahanadi Coalfields Limited (one of the subsidiaries of CIL), Odisha.
    i. The plant will produce about 6.60 Lakh tons of ammonium nitrate annually through the surface coal gasification (SCG) technology route.
    ii. For this purpose, CIL will supply  1.3 million tonnes (mts) of coal and BHEL will provide indigenously developed pressurised fluidized bed gasification (PFBG) technology.

  9. Which of the following points is/are “correct” with respect to the Sangeet Natak Akademi Fellowship & Sangeet Natak Akademi Awards 2022 & 2023 & Ustad Bismillah Khan Yuva Puraskar 2022 & 2023, as of February 2024?
    A) The General Council of Sangeet Natak Akademi unanimously elected 6 eminent personalities in the field of performing arts as of Sangeet Natak Akademi Fellowship (Akademi Ratna Sadasyata).
    B) The General Council selected 92 artists for the Sangeet Natak Akademi Awards (Akademi Puraskar) for the years 2022 and 2023.
    C) A total of 80 Ustad Bismillah Khan Yuva Puraskar were presented for the year 2022 and 2023 combined.

    1) Only A
    2) Only A & B
    3) Only B & C
    4) Only A & C
    5) All A, B & C
    Answer-5) All A, B & C
    Explanation:
    The General Council of Sangeet Natak Akademi, the National Academy of Music, Dance and Drama, New Delhi, Delhi, unanimously elected 6 eminent personalities in the field of performing arts as of Sangeet Natak Akademi Fellowship (Akademi Ratna Sadasyata).
    i. The General Council selected 92 artists from the field of Music, Dance, Theatre, Traditional/Folk/Tribal Music/Dance/ Theatre, Puppetry and Overall contribution/scholarship in the Performing Arts for the Sangeet Natak Akademi Awards (Akademi Puraskar) for the years 2022 and 2023.
    ii. A total of 80 Ustad Bismillah Khan Yuva Puraskar were presented for the year 2022 and 2023 combined. The awards were presented to 41 individuals for both 2022 and 2023. Click here to read more

  10. When was Rare Disease Day 2024 observed across the globe with the theme of “Share Your Colours”?
    1) 24th February 2024
    2) 26th February 2024
    3) 29th February 2024
    4) 27th February 2024
    5) 25th February 2024
    Answer-3) 29th February 2024
    Explanation:
    Rare Disease Day is annually observed across the globe on the last day of February, either 28 or 29 in leap years (the rarest day of the year), to raise awareness of the rare diseases and their impact on the people they affect.
    i. Rare Disease Day 2024, observed on 29th February 2024, marks the 17th Observance of Rare Disease Day.
    ii. The 2024 theme of Rare Disease Day is “Share Your Colours”.  This theme is the continuation of the 2022 and 2023 themes.