AffairsCloud brings you the complete and important daily Current Affairs Quiz 14 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 cabinet approval on 8th February 2024?
A) The Union Cabinet approved the Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY), a Central Sector sub-scheme under the Pradhan Mantri Matsya Sampada Yojana (PMMSY).
B) The Union Cabinet has approved the extension of the Fisheries Infrastructure Development Fund (FIDF) for 3 years up to 2025-26 within the approved fund of Rs 7522.48 crore.
C) The Cabinet has approved the auction in eight spectrum bands for mobile phone services at a base price of Rs 96,317 crore
1) Only A
2) Only A & B
3) Only B & C
4) Only A & C
5) All A, B & CAnswer-5) All A, B & C
Explanation:
The Union Cabinet chaired by Prime Minister (PM) Narendra Modi approved the following schemes and initiatives on 8th February 2024:
i. The Union Cabinet approved the Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY), a Central Sector sub-scheme under the Pradhan Mantri Matsya Sampada Yojana (PMMSY).
ii. The Union Cabinet has approved the extension of the Fisheries Infrastructure Development Fund (FIDF) for 3 years up to 2025-26 within the approved fund of Rs 7522.48 crore and budgetary support of Rs 939.48 crore.
iii. The Cabinet has approved the auction in eight spectrum bands for mobile phone services at a base price of Rs 96,317 crore to improve the quality of telecom services and coverage for consumers. Click here to read more - Which Department of GoI has recently (in Feb ‘24) unveiled the National e-Governance Service Delivery Assessment (NeSDA) Way Forward Annual Report 2023?
1) Department of Administrative Reforms and Public Grievances
2) Department of Pension & Pensioners Welfare
3) Department of Justice
4) Department of Social Justice and Empowerment
5) Department of Land ResourcesAnswer-1) Department of Administrative Reforms and Public Grievances
Explanation:
The Department of Administrative Reforms and Public Grievances (DARPG) under the Ministry of Personnel, Public Grievances and Pensions has unveiled the National e-Governance Service Delivery Assessment (NeSDA) Way Forward Annual Report 2023.
i. DARPG organised 3 Regional Conferences on e-Governance in Bhopal (Madhya Pradesh), Mumbai (Maharashtra), and Guwahati (Assam), respectively.
ii. A total of 16,487 e-services were provided across States/UTs in December 2023, as against 11,614 in April 2023. Click here to read more - Name the Financial Institution/Regulatory body that has recently (in Feb ‘24) unveiled ‘Prabhaav‘, the CRISIL’s impact assessment report of the Fund of Funds for Startups (FFS).
1) Insurance Regulatory and Development Authority
2) Small Industries Development Bank of India
3) Reserve Bank of India
4) Securities and Exchange Board of India
5) Pension Fund Regulatory and Development AuthorityAnswer-2) Small Industries Development Bank of India
Explanation:
On February 9, 2024, the Small Industries Development Bank of India (SIDBI) unveiled the CRISIL’s impact assessment report of the Fund of Funds for Startups (FFS) namely ‘Prabhaav‘.
i. As of November 30, 2023, 129 Alternative Investment Fund (AIF) were sanctioned out of FFS across various segments. Click here to read more - Which Organisation/Bank has recently (in Feb ‘24) signed a USD 200 million loan agreement with the Department of Economic Affairs (DEA) for the ‘Climate Resilient Brahmaputra Integrated Flood and Riverbank Erosion Risk Management (FRERM) Project in Assam’?
1) World Bank
2) International Monetary Fund
3) Asian Development Bank
4) United Nations Development Programme
5) Asian Infrastructure Investment BankAnswer-3) Asian Development Bank
Explanation:
The Department of Economic Affairs (DEA) of Ministry of Finance (MoF) and Asian Development Bank (ADB) has signed a USD 200 million loan agreement (Ordinary Operations) for the ‘Climate Resilient Brahmaputra Integrated Flood and Riverbank Erosion Risk Management(FRERM) Project in Assam’.
i. The Loan has a principal repayment period of 15 years and the interest of the loan will be the sum of Secured Overnight Financing Rate (SOFR) and 0.6% of Proceeds of the loan withdrawn & 0.10% of expenditure to be financed out of proceeds of the loan. - In which of the following countries, India’s Unified Payments Interface (UPI) was launched in February 2024?
1) Sri Lanka
2) Mauritius
3) Kenya
4) Both 1 & 2
5) Both 2 & 3Answer- 4) Both 1 & 2
Explanation:
Narendra Modi, Prime Minister (PM) of India, along with Mauritius PM Pravind Kumar Jugnauth and Sri Lankan President Ranil Wickremesinghe, virtually launched India’s Unified Payments Interface (UPI) in Mauritius and Sri Lanka.
In addition to the UPI, the RuPay card service was also launched in Mauritius.
i. Mauritius (African nation) becomes the first country outside Asia to issue cards using RuPay technology. Click here to read more - Which of the following points is/are “correct” with respect to the recent steps taken by the Reserve Bank of India (RBI) in February 2024?
A) RBI has increased the remuneration ceiling of Non-Executive Directors (NEDs) of banks from Rs 20 lakh per annum to Rs 40 lakh with immediate effect.
B) RBI has permitted the branches of Indian banks in GIFT–IFSC to act as a Trading Member/Trading and Clearing Member (TM/TCM) of India International Bullion Exchange IFSC Ltd (IIBX).
C) RBI cancelled the licence of Jai Prakash Narayan Nagari Sahakari Bank Ltd., Basmathnagar, Maharashtra.
1) Only A
2) Only A & B
3) Only B & C
4) Only A & C
5) All A, B & CAnswer-3) Only B & C
Explanation:
On February 9, 2024, the Reserve Bank of India (RBI), in exercise of powers conferred by Section 35B of the Banking Regulation (BR) Act, 1949, has increased the remuneration ceiling of Non-Executive Directors (NEDs) of banks from Rs 20 lakh per annum to Rs 30 lakh with immediate effect.
i. RBI has permitted the branches of Indian banks in GIFT–IFSC (Gujarat International Finance Tec-City International Financial Services Centre) to act as a Trading Member/Trading and Clearing Member (TM/TCM) of India International Bullion Exchange IFSC Ltd (IIBX).
It also allowed the Indian banks authorised to import gold or silver to act as Special Category Client (SCC) of IIBX.
ii. On February 5, 2024, RBI, cancelled the licence of Jai Prakash Narayan Nagari Sahakari Bank Ltd., Basmathnagar, Maharashtra. With effect from February 6, 2024, The bank ceases to carry on banking business as defined in Section 5(b) read with Section 56 of BR Act, 1949. Click here to read more - In February 2024, Life Insurance Corporation of India (LIC) increased its paid-up share in SBI Cards & Payments Services Limited to __________ from 4.99%.
1) 6.45%
2) 5.02%
3) 6.03%
4) 5.25%
5) 6.50%Answer-2) 5.02%
Explanation:
Life Insurance Corporation of India (LIC) has increased its paid-up share in SBI Cards & Payments Services Limited to 5.02% from 4.99%.
For this purpose, LIC has made Open Market Purchases of about 3,01,084 shares of SBI Cards with an average cost of Rs.716 per share.
The total shares of LIC have increased to 47,711,794 from 47,410,710. - Which company has recently (in Feb ‘24) signed an MoU with the Embraer Defense & Security for the Medium Transport Aircraft (MTA) procurement project of the Indian Air Force (IAF) in New Delhi, Delhi?
1) Mahindra Defence Systems Limited
2) Tata Advanced Systems Limited
3) Larsen and Toubro Limited
4) Alpha Design Technologies Private Limited
5) Hindustan Aeronautics LimitedAnswer-1) Mahindra Defence Systems Limited
Explanation:
Mahindra Defence Systems Limited and Brazil-based Embraer Defense & Security have signed a Memorandum of Understanding (MoU) for the Medium Transport Aircraft (MTA) procurement project of the Indian Air Force (IAF) in New Delhi, Delhi.
As per the MoU, both firms will be jointly developing C-390 Millennium multi-mission aircraft which will be procured by IAF.
i. The C-390 Millennium is the most advanced military airlifter in the market which can carry a payload of about 26 tonnes. It flies at a speed of about 870 km/h (470 knots). - In which state, a new fungus species, Trichoglossum Syamviswanathii was discovered in February 2024?
1) Telangana
2) Kerala
3) Tamil Nadu
4) Andhra Pradesh
5) OdishaAnswer- 2) Kerala
Explanation:
Researchers from the Kerala Forest Research Institute (KFRI), Botanical Survey of India, and the University of Hyderabad have discovered a new fungus species, Trichoglossum Syamviswanathii in the moist soil of Bambusetum in Thrissur (Kerala) along the Western Ghats.
i. The species belongs to the family Geoglossaceae (Ascomycota) and genus Trichoglossum. It is named after Syam Viswanath, renowned scientist and former director of KFRI. - Which country has recently (in Feb ‘24) won the International Cricket Council (ICC) U19 Men’s Cricket World Cup (CWC) 2024 title by defeating India in February 2024?
1) West Indies
2) South Africa
3) Australia
4) England
5) New ZealandAnswer-3) Australia
Explanation:
The Australian Under-19 (U19) cricket team won the International Cricket Council (ICC) U19 Men’s Cricket World Cup (CWC) 2024 title defeating India in the finals held in Willowmoore Park stadium in Benoni, South Africa.
This marks Australia’s fourth ICC U19 Men’s World Cup title. Australia previously won the title in 1988, 2002, and 2010.
i. The 15th edition of U19 Men’s CWC held from 19th January to 11th February 2024 was hosted by South Africa.
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