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Current Affairs Quiz: 11 February 2023

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AffairsCloud brings you the complete and important daily Current Affairs Quiz 11 February 2023 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.

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    1. Which Union Ministry has recently (in Feb ‘23) inaugurated Mission Antyodaya Survey (MAS) 2022-23, also launching the portal and mobile application at New Delhi, Delhi?
      1) Union Ministry of Social Justice and Empowerment
      2) Union Ministry of Panchayati Raj
      3) Union Ministry of Rural Development
      4) Union Ministry of Agriculture & Farmers Welfare
      5) Union Ministry of Development of North Eastern Region
      Answer-3) Union Ministry of Rural Development
      Explanation:
      On February 9, 2023, the Union Minister Giriraj Singh, Ministry of Rural Development (MoRD) inaugurated Mission Antyodaya Survey (MAS) 2022-23 including launching of its portal and mobile application at a function in New Delhi, Delhi.
      i.MoRD in consultation with NIC (National Informatics Centre)-DRD, has developed the android mobile application with geo-tag feature for 36 assets in villages. The Ministry has also set up an in-house Help Desk for smooth resolution of queries related to the questionnaire and mobile application.
      ii.The village-wise survey is expected to be conducted over a period of one month involving Community Resource Persons (CRPs).

    2. Which of the following points is “Incorrect” with respect to the “Digital Payments Utsav”, a comprehensive campaign recently (in Feb ‘23) launched by Union Minister Ashwini Vaishnaw (MeitY) aiming to promote digital payments across India?
      1) Launching a G20 Co-branded QR code
      2) Launching a G20 edition of the preloaded RuPay On-The-Go device
      3) Hosting a joint campaign by MeitY and Delhi Police to promote secure digital payments
      4) Introducing a Coffee Table Book titled “Towards a Developed India Catalysing Inclusive Growth Through Digital Payments.”
      5) Presenting 48 Digital India Awards for outstanding achievement in the field of digital payments were presented to top-performing banks, bankers, and fintech firms in several categories.
      Answer-5) Presenting 48 Digital India Awards for outstanding achievement in the field of digital payments were presented to top-performing banks, bankers, and fintech firms in several categories.
      Explanation:
      The “Digital Payments Utsav”, a comprehensive campaign aiming at promoting digital payments across India, has been launched by Union Minister Ashwini Vaishnaw, Ministry for Electronics and Information Technology (MeitY).
      • He also launched the Digital Payment Sandesh Yatra, which aims to educate the public about various digital payment solutions and the security and safety of digital transactions.
      Significant initiatives launched:
      During the occasion, a number of significant initiatives were introduced, including
      i.A G20 Co-branded QR code
      ii.A G20 edition of the preloaded RuPay On-The-Go device
      iii.A joint campaign by MeitY and Delhi Police to promote secure digital payments
      iv.A Coffee Table Book titled “Towards a Developed India Catalysing Inclusive Growth Through Digital Payments.”
      v.Furthermore, 28 DigiDhan Awards for outstanding achievement in the field of digital payments were presented to top-performing banks, bankers, and fintech firms in several categories.
      • The awards honour the efforts of these organizations to promote digital payments and contribute to the expansion of the digital economy.

    3. Name the Maharatna company that recently (in Feb ‘23) became India’s 1st Oil, Gas PSU to Sign Advance Pricing Agreement with the Central Board of Direct Taxes (CBDT).
      1) Bharat Petroleum Corporation Limited
      2) GAIL India Limited
      3) Coal India Limited
      4) Indian Oil Corporation Limited
      5) Oil & Natural Gas Corporation Limited
      Answer-2) GAIL India Limited
      Explanation:
      GAIL (India) Limited entered into an Advance Pricing Agreement (APA) with the Central Board of Direct Taxes (CBDT) for determining the transfer pricing margin payable on its long-term LNG ( Liquefied natural gas ) sourcing contract from the United States (US) for 5 years.
      • GAIL became India’s first oil & gas Public Sector Undertakings (PSUs) sector to successfully sign the APA.
      i. APA programmes are operational in a number of countries like Canada, the USA, Japan and the UK for almost 30 years.

    4. In which state/UT, the Geological Survey of India (GSI) has recently (in Feb ‘23)discovered the Lithium Reserves for the 1st time?
      1) Bihar
      2) Karnataka
      3) Madhya Pradesh
      4) Jammu and Kashmir
      5) Jharkhand
      Answer-4) Jammu and Kashmir
      Explanation:
      Geological Survey of India (GSI), an attached office to the Ministry of Mines, has discovered lithium inferred resources(G3) for the first time in India. A 5.9 million tonnes of lithium inferred resources have been established at Salal-Haimana in the Reasi district of the Union Territory (UT) of Jammu and Kashmir(J&K).
      i.This was announced on 9th February 2023 by Vivek Bharadwaj, Secretary of the Ministry of Mines, during the 62nd Central Geological Programming Board (CGPB) meeting in New Delhi, Delhi.

    5. Which of the following points is/are “Correct” with respect to ‘Bank of India Multi Cap Fund’, recently (in Feb ‘23) launched by Bank of India (BoI) Investment Managers Private Limited?
      A) The scheme will be benchmarked against S&P BSE 500 TRI (first tier).
      B) The multi-cap allocation strategy includes a spread of a minimum of 25% of its total assets each in large, mid, and small-cap companies
      C) The minimum initial investment in the scheme is Rs 5,000 and Rs 1 thereafter.

      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:
      Bank of India (BoI) Investment Managers Private Limited (Investment Manager for Bank of India Mutual Fund) launched ‘Bank of India Multi Cap Fund’ for investors to diversify their portfolio across large, mid and small-cap market cap categories.
      i.The multi-cap allocation strategy includes a spread of a minimum of 25% of its total assets each in large, mid, and small-cap companies
      ii.The minimum initial investment in the scheme is Rs 5,000 and Rs 1 thereafter.
      iii.The scheme will be benchmarked against S&P BSE 500 TRI (first tier).

    6. To which State/UT, the Asian Development Bank (ADB) has recently (in Feb ‘23) approved a loan of USD 130 million (over Rs. 1,072 crore)?
      1) Nagaland
      2) West Bengal
      3) Himachal Pradesh
      4) Uttarakhand
      5) Chhattisgarh
      Answer-3) Himachal Pradesh
      Explanation:
      The Asian Development Bank (ADB) has approved a USD 130 million (over Rs. 1,072 crore) loan to Himachal Pradesh (HP) under the ‘Himachal Pradesh Subtropical Horticulture, Irrigation, and Value Addition Project’ to boost agricultural production, promote horticulture agribusinesses, and increase farmers’ income.
      Significance of the project
      • The project will restore and construct new irrigation facilities and hence improve on-farm irrigation and water management on around 6,000 hectares (ha) of farmland.
      • Additionally, it will create new water sources, enhance the capacity of the Water Resources Department (Jal Shakti Vibhag), and support water user associations.

    7. Which of the following points is “Incorrect” with respect to acquisition and mergers done (in Feb ‘23) by the Competition Commission of India (CCI)?
      1) Acquisition of up to 25% shareholding in Hindustan Ports Private Limited (HPPL), by the National Investment and Infrastructure Fund(NIIF) and the proposed merger of Hindustan Infralog Private Limited (HIPL) into HPPL.
      2) Acquisition of the textile effects business of Huntsman International by Archroma Operations S.à.r.l.
      3) Acquisition of 20% equity share capital of Keimed by Shobana Kamineni through Prime Time Logistics Technologies Private Limited.
      4) Acquisition of 100% equity and preference shares of Lanco Anpara Power Limited by Megha Engineering and Infrastructures Limited Group.
      5) Subscription of Compulsorily Convertible Preference Shares of Reliance Future Energies Global Limited by Mukesh Ambani.
      Answer-5) Subscription of Compulsorily Convertible Preference Shares of Reliance Future Energies Global Limited by Mukesh Ambani.
      Explanation:
      On 9th February 2023, the Competition Commission of India (CCI) approved the following acquisition and mergers,
      • Acquisition of 100% equity and preference shares of Lanco Anpara Power Limited by Megha Engineering and Infrastructures Limited Group.
      • Internal restructuring involving certain subsidiaries of Keimed Private Limited.
      • Acquisition of 20% equity share capital of Keimed by Shobana Kamineni through Prime Time Logistics Technologies Private Limited.
      • Acquisition of the textile effects business of Huntsman International by Archroma Operations S.à.r.l.
      • Subscription of Compulsorily Convertible Preference Shares of Hero Future Energies Global Limited by Ardor Holdings II Pte. Ltd.
      • Acquisition of up to 25% shareholding in Hindustan Ports Private Limited (HPPL), by the National Investment and Infrastructure Fund(NIIF) and the proposed merger of Hindustan Infralog Private Limited (HIPL) into HPPL.

    8. Which of the following satellites is/are launched (in Feb ‘23) successfully by the Indian Space Research Organisation (ISRO) on the 2nd edition of the Small Satellite Launch Vehicle (SSLV-D2) from Satish Dhawan Space Centre (SDSC)?
      1) AzaadiSAT-2
      2) ISRO’s Earth Observation Satellite-07/EOS-7
      3) Janus-1
      4) Both 1 & 2
      5) All 1, 2 & 3
      Answer-5) All 1, 2 & 3
      Explanation:
      On February 10, 2023, the Indian Space Research Organisation (ISRO) launched the 2nd edition of the Small Satellite Launch Vehicle (SSLV-D2) from the first launch pad of Satish Dhawan Space Centre (SDSC) at Sriharikota, Andhra Pradesh (AP).
      It carried the following 3 satellites weighing 175.2 kg
      • ISRO’s Earth Observation Satellite-07/EOS-7
      • AzaadiSAT-2
      • Janus-1
      SSLV is the 6th launch vehicle designed and developed by ISRO with an outlay of about Rs 56 crore. It caters to the launch of up to 500 kg satellites to LEO on a ‘launch-on-demand’ basis.

    9. When was the United Nations (UN)’s World Pulses Day (WPD) 2023 observed across the globe?
      1) 9th February 2023
      2) 8th February 2023
      3) 10th February 2023
      4) 12th February 2023
      5) 11th February 2023
      Answer-3) 10th February 2023
      Explanation:
      United Nations (UN)’s World Pulses Day (WPD) is annually observed across the globe on February 10 to recognise the value of these food items and to increase knowledge of the nutritional benefits of consuming a variety of foods, including pulses.
      The theme of World Pulses Day 2023 is “Pulses for a sustainable future”.
      WPD is also observed to educate the public about pulses and the fundamental role they play in the transition to MORE efficient, inclusive, resilient, and sustainable agrifood systems for greater production, better nutrition, a better environment, and a better life for everyone.
      Aim:
      WPD aims to spread awareness about the nutritional and environmental benefits of pulses as part of sustainable food production.

    10. In which State/UT has the Pawan Hans Limited recently (in Feb ‘23) launched Multiple Helicopter Routes under RCS UDAN (Regional Connectivity Scheme- Ude Desh ka Aam Naagrik)?
      1) Goa
      2) Meghalaya
      3) Gujarat
      4) Tripura
      5) Assam
      Answer-5) Assam
      Explanation:
      On February 8th, 2023, helicopter service provider, Pawan Hans Limited (PHL), a central public sector undertaking under the Ministry of Civil Aviation (MoCA), launched its helicopter services on 6 routes in Assam under the RCS UDAN Scheme (Regional Connectivity Scheme- Ude Desh ka Aam Naagrik).
      The new helicopter services will provide connectivity on the “Dibrugarh-Jorhat-Tezpur-Guwahati-Tezpur-Jorhat-Dibrugarh” network