AffairsCloud brings you the complete and important daily Current Affairs Quiz 10,11 & 12 February 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 February 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.
- Which of the following points is/are ‘correct’ with respect to the 6th Monetary Policy Committee (MPC) for FY24 released by the Reserve Bank of India (RBI) in February 2024?
A) The Repo Rate was retained at 6.5% for the 6th consecutive time.
B) The Fixed Reverse Repo Rate and the Marginal Standing Facility (MSF) Rate are kept unchanged at 3.35% & 6.75% respectively.
C) The Bank Rate is kept unchanged at 6.25%.
1) Only A
2) Only A & B
3) Only B & C
4) Only A & C
5) All A, B & C
Answer & Explanation
Answer-2) Only A & B
Explanation:
The Reserve Bank of India (RBI)’s 6th Bi-monthly Monetary Policy Committee (MPC) met on 6th, 7th and 8th February 2024 and decided to retain the repo rate under the liquidity adjustment facility (LAF) at 6.50%.
i. For the 6th consecutive time, the repo rate was retained at 6.5% to maintain a tight surveillance on inflation. Click here to read moreCategory Rates Policy Repo Rate 6.50% Fixed Reverse Repo Rate 3.35% Marginal Standing Facility (MSF) Rate 6.75% Standing Deposit Facility (SDF) Rate 6.25% Bank Rate 6.75% Cash Reserve Ratio (CRR) 4.50% Statutory Liquidity Ratio (SLR) 18% - Name the bank that has recently (in Feb ‘24) raised USD 300 million through its first-ever sustainable finance bond issue.
1) YES Bank
2) HDFC Bank
3) ICICI Bank
4) Axis Bank
5) State Bank of India
Answer & Explanation
Answer-2) HDFC Bank
Explanation:
HDFC Bank Limited has raised USD 300 million through its first-ever sustainable finance bond issue as a part of its overall raise of USD 750 million through Regulation S Bonds.
i. In addition to a USD 300 million bond, it also raised USD 450 million through senior unsecured five-year dollar bonds with an interest rate of 5.180%.
ii. The USD 300 million Bond has a maturity period of three years at an interest rate of 5.196%.
- Which state government has recently (in Feb ‘24) signed an MoU with Google for Artificial Intelligence (AI)-led Solutions across Sectors?
1) Maharashtra
2) Madhya Pradesh
3) Gujarat
4) Jharkhand
5) Karnataka
Answer & Explanation
Answer-1) Maharashtra
Explanation:
The Maharashtra government signed a Memorandum of Understanding (MoU) with search engine giant Google to utilise innovative and scalable Artificial Intelligence (AI)-led solutions across sectors including agriculture, healthcare, education, etc.
i. Google also announced the launching of a state-of-the-art AI Centre of Excellence (CoE) at the Indian Institute of Information Technology – Nagpur (IIIT-Nagpur), Maharashtra.
ii. Google renamed its free version of the generative AI chatbot Bard as Gemini and launched Gemini Advanced, the subscription tier of its powerful AI model. Gemini Advanced is a premium service (with Ultra) that uses the most powerful version of the Gemini model. Click here to read more
- Name the personality who has recently (in Feb ‘24) conferred with the Lifetime Achievement Award with Gold Medal by the Sports Journalists’ Federation of India (SJFI).
1) Nisha Rani Dutta
2) Rashmita Patra
3) P.T. Usha
4) Kamal Kumar
5) Asha Roy
Answer & Explanation
Answer-3) P.T. Usha
Explanation:
President of the Indian Olympic Association (IOA) and Indian sprinter Pilavullakandy Thekkeyparambil Usha (P.T. Usha) was conferred with the Lifetime Achievement Award with Gold Medal by Sports Journalists’ Federation of India (SJFI) in an event held at the National Sports Club of India (NSCI), New Delhi, Delhi.
i. The programme was co-hosted by Delhi Sports Journalists’ Association (DSJA), one of the affiliates of SJFI. PT Usha is the fifth recipient of the SJFI Gold Medal.
- Who has recently (in Feb ‘24) elected as the President of the International Court of Justice (ICJ) for 3 years?
1) Abdulqawi Yusuf (Somalia)
2) Nawaf Salam (Lebanon)
3) Julia Sebutinde (Uganda)
4) Joan Donoghue (United States)
5) Ronny Abraham (France)
Answer & Explanation
Answer-2) Nawaf Salam (Lebanon)
Explanation:
Justice Nawaf Salam from Lebanon was elected as the President of the International Court of Justice (ICJ), the principal judicial organ of the United Nations(UN), for 3 years with effect from 6th February 2024.
Nawaf Sala succeeds Judge Joan E Donoghue from the United States of America(USA) who served as president of ICJ from 2021 to 2024.
i. Justice Julia Sebutinde from Uganda was elected as the Vice President(VP) of ICJ for 3 years with effect from 6th February 2024. She succeeds Kirill Gevorgian (Russian Federation), who served as VP of ICJ from 2021-2024.
- In February 2024, Bandhan Financial Holdings Limited (BFHL) received the final approval from Insurance Regulatory and Development Authority of India (IRDAI) to acquire the 100% paid up share capital of _________ (Life Insurance Company).
1) Max Life Insurance
2) Aviva Life insurance
3) Bajaj Allianz Life Insurance
4) Aegon Life Insurance
5) HDFC Life Insurance
Answer & Explanation
Answer-4) Aegon Life Insurance
Explanation:
Bandhan Financial Holdings Limited (BFHL) has received the final approval from Insurance Regulatory and Development Authority of India (IRDAI) to acquire the 100% paid up share capital of Aegon Life Insurance Company.
i. Aegon Life Insurance is a joint venture (JV) of Aegon NV and Bennett, Coleman & Company Limited (BCCL), the owner and publisher of The Economic Times.
ii. BFHL is the parent company of Kolkata (West Bengal) based Bandhan Bank Limited
- Which bank has recently (in Feb ‘24) received approval from Insurance Regulatory and Development Authority of India (IRDAI) to infuse the capital of Rs 1,612 crore in Max Life Insurance Company Limited?
1) IndusInd Bank
2) HDFC Bank
3) ICICI Bank
4) YES Bank
5) Axis Bank
Answer & Explanation
Answer-5) Axis Bank
Explanation:
Axis Bank Limited has received approval from Insurance Regulatory and Development Authority of India (IRDAI) to infuse the capital of Rs 1,612 crore in Max Life Insurance Company Limited, the subsidiary of Max Financial Services Limited (MFSL).
The transaction is subject to approval of Competition Commission of India (CCI).
i. For this transaction, Max Life Insurance will issue 14.25 crore shares at the price of Rs.113 per share to Axis Bank.
- Which state government has recently (in Feb ‘24) launched the Logo, Anthem, Mascot, Jersey, and Torch of the 4th edition of the Khelo India University Games (KIUG 2023)?
1) Karnataka
2) Uttar Pradesh
3) Assam
4) Odisha
5) Nagaland
Answer & Explanation
Answer- 3) Assam
Explanation:
On 8th February 2024, Assam Chief Minister(CM) Himanta Biswa Sarma launched the Logo, Anthem, Mascot, Jersey, and Torch of the 4th edition of the Khelo India University Games (KIUG 2023) in an event held at the Karmabir Nabin Chandra Bordoloi Indoor Stadium in Guwahati, Assam.
KIUG 2023 is set to be held from 19th -29th February 2024. The Mascot of the KIUG 2023 is ‘Ashtalakshmi’, a butterfly.
- Which of the following countries have declared as the joint winners of the South Asian Football Federation (SAFF) Under19 (U-19) Women’s Championship 2024?
1) India and Bangladesh
2) Bhutan and Nepal
3) Nepal and Bangladesh
4) India and Nepal
5) Bhutan and Bangladesh
Answer & Explanation
Answer-1) India and Bangladesh
Explanation:
The Indian women’s team along with Bangladesh has been declared the joint winners of the South Asian Football Federation (SAFF) Under19 (U-19) Women’s Championship 2024 title.
i. The 5th edition of the SAFF U19 Women’s Championship was hosted by Bangladesh and held from 2nd-8th February 2024 at the Bir Shreshtha Shaheed Shipahi Mostafa Kamal (BSSSMK) Stadium, Dhaka, Bangladesh.
- Which state government has recently (in Feb ‘24) decided to change the Prefix of Vehicle Registration, State Emblem, and redesigned Talli (mother) statue?
1) Odisha
2) Arunachal Pradesh
3) Karnataka
4) Telangana
5) Jharkhand
Answer & Explanation
Answer-4) Telangana
Explanation:
The Chief Minister (CM) of Telangana, Anumula Revanth Reddy in his 1st cabinet meeting decided to replace the prefix code of vehicle registration from TS to TG, proposed to adopt a new state emblem, and a redesigned Telangana Talli (mother) statue.
i. The Cabinet also approved ‘Jaya Jaya he Telangana, Janani Jaya ketanam’, as Telangana’s official song written by Ande Sri.
ii. Changes in the emblem and statue will be made after consultation with stakeholders, poets, and people. Click here to read more
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