Current Affairs Quiz: 15 February 2023

AffairsCloud brings you the complete and important daily Current Affairs Quiz 15 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. 1. Which city hosted the 1st G20 (Group of Twenty) Environment and Climate Sustainability Working Group (ECSWG) meeting in February 2023, under India’s G20 Presidency?
      1) Indore, Madhya Pradesh
      2) Lucknow, Uttar Pradesh
      3) Bengaluru, Karnataka
      4) Kolkata, West Bengal
      5) Chennai, Tamil Nadu
      
      Answer & Explanation

      Answer-3) Bengaluru, Karnataka
      Explanation:
      From February 9-11, 2023, the First G20 (Group of Twenty) Environment and Climate Sustainability Working Group (ECSWG) meeting was held in Bengaluru, Karnataka under India’s G20 Presidency.
      • It was led by the Ministry of Environment, Forests and Climate Change (MoEFCC), Government of India.
      i. The India Presidency plans to convene an Ocean 20 dialogue to facilitate detailed discussion on important aspects of the Blue Economy.
      ii. The Indian Presidency also announced a coordinated beach cleaning event to be conducted on May 21, 2023 on the sidelines of the Ocean 20 dialogue.
      iii. The discussions during this meeting will be taken forward at the 2nd ECSWG meeting, which is scheduled on 27-29th March, 2023 at Gandhinagar, Gujarat.
      
      
      
   2. The Ministry of Ports, Shipping and Waterways(MoPSW) has recently (in Feb ‘23) constituted a High-Level Committee to draft the revised guidelines for the operation of Roll-on-Roll off (Ro-Ro) & Roll-on-Passenger (Ro-Pax) ferry service.
      The High-Level Committee headed by _______________.
      1) Nandeesh Shukla
      2) Anil Ramteke
      3) C. Harichandran
      4) Sanjay K. Mehta
      5) Abhishek Choudhary
      
      Answer & Explanation

      Answer-4) Sanjay K. Mehta
      Explanation:
      The Ministry of Ports, Shipping and Waterways (MoPSW) has constituted a High-Level Committee headed by Sanjay K. Mehta (SK Mehta), Chairman of Deendayal Port Authority (DPA), Gandhidham, Gujarat, to draft the revised guidelines for the operation of Roll on-Roll off (Ro-Ro) and Roll on-Passenger (Ro-Pax) ferry service.
      i. The committee would also simultaneously draft the Model Concession Agreement for Ro-Ro / Ro-Pax Terminal Operator and a Model License Agreement for the Operation of Ro-Ro/ Ro-Pax/ Fast Passenger Ferry.
      • This aims to promote and develop the Ro-Ro ferry transportation ecosystem.
      ii. This is one of the key initiatives and reforms pushed by the Ministry under its Sagarmala Programme to strengthen India’s socio-economic and regulatory environment.
      
      
      
   3. The Agriculture and Processed Food Products Export Development Authority (APEDA) observed its _________ APEDA Foundation Day on 13th February 2023 across India.
      1) 38th
      2) 25th
      3) 36th
      4) 27th
      5) 37th
      
      Answer & Explanation

      Answer-5) 37th
      Explanation:
      The Agriculture and Processed Food Products Export Development Authority (APEDA), under the Ministry of Commerce and Trade, observed the 37th APEDA Foundation Day on 13th February 2023 across India.
      i. APEDA, established in 1986, has achieved phenomenal success in the promotion export of agricultural products in its successful journey of 37 years.
      ii. For the current fiscal(2022-2023, the target given to APEDA is USD 23.56, till December 2022, 84%(USD 19.69 billion) has been achieved and the remaining target is expected to be completed within the expected time period.
      
      
      
   4. According to the ‘Electricity Market Report 2023’ released by the International Energy Agency (IEA) on 8th February 2023, Asia will use half of the world’s electricity by ___________.
      1) 2025
      2) 2027
      3) 2024
      4) 2028
      5) 2026
      
      Answer & Explanation

      Answer-1) 2025
      Explanation:
      According to the International Energy Agency (IEA) report Electricity Market Report 2023 released on 8th February 2023, Asia will use half of the world’s electricity by 2025, a majority of which will be used in China, which consumes more electricity than the European Union, the United States (US), and India combined.
      i. Africa will only use 3% of the world’s electricity in 2025, despite having a fifth of the world’s population.
      ii. China, a country of 1.4 billion people whose share of world consumption will increase from a quarter in 2015 to a third by the middle of this decade, will account for a large portion of Asia’s energy use.
      
      
      
   5. Which bank has recently (in Feb ‘23) signed an MoU with a European bank, BNP Paribas to meet the financial needs of European enterprises operating in India and Indian companies in the European Union (EU)?
      1) HDFC Bank
      2) Axis Bank
      3) ICICI Bank
      4) YES Bank
      5) IndusInd Bank
      
      Answer & Explanation

      Answer-3) ICICI Bank
      Explanation:
      ICICI Bank signed an MoU with a European bank, BNP Paribas, to meet the financial needs of European enterprises operating in India and Indian companies in the European Union (EU).
      i. The agreement was signed by Anup Bagchi, Executive Director of ICICI Bank, and Grzegorz Marczuk, Chief Operating Officer of BNP Paribas India.
      ii. The MoU would create a framework for collaboration between the two banks to offer financial services to corporate customers operating along the India-Europe corridor.
      iii. This partnership would enhance the support provided to Indian firms on their global journey as well as European corporations seeking to establish their presence in India.
      
      
      
   6. Name the company that has recently (in Feb ‘23) launched ‘Co-lend’, India’s 1st fully automated escrow management solution for co-lending.
      1) Cashfree
      2) CCAvenue
      3) Razorpay
      4) Paytm
      5) Instamojo
      
      Answer & Explanation

      Answer-1) Cashfree
      Explanation:
      Cashfree Payments, a leading payment and Application Programming Interface (API) banking solutions company, has launched ‘Co-lend’, India’s 1st fully automated escrow management solution for co-lending.
      i. Co-lend was developed in line with the digital lending guidelines announced by the Reserve Bank of India (RBI).
      ii. It enables instant disbursal with automatic reconciliation and a dashboard for managing various partnerships, and other features. It requires no manual intervention, automatically notifies the loan management system, and eliminates reconciliation efforts.
      
      
      
   7. Who has recently (in Feb ‘23) declared as the next president of Bangladesh by the election commission of Bangladesh?
      1) Zillur Rahman
      2) Mohammad Shahabuddin Chuppu
      3) Iajuddin Ahmed
      4) Shahabuddin Ahmed
      5) Abdur Rahman Biswas
      
      Answer & Explanation

      Answer-2) Mohammad Shahabuddin Chuppu
      Explanation:
      Mohammad Shahabuddin Chuppu, (74 years old), a former judge and freedom fighter, has been declared the next President of Bangladesh by Bangladesh’s Election Commission.
      i. The ruling Awami League (AL) party nominee, Shahabuddin Chuppu, was elected unopposed as the 22nd President of Bangladesh.
      ii. Shahabuddin Chuppu will replace the incumbent President Mohammad Abdul Hamid, the longest-serving president of Bangladesh(2013 to 2023), whose tenure ends in April 2023.
      
      
      
   8. Name the bank that has recently (in Feb ‘23) sold its entire stake of 9.95% in Softcell Technologies Global Private Limited (Softcell) for Rs 9.94 crore.
      1) ICICI Bank
      2) Axis Bank
      3) HDFC Bank
      4) YES Bank
      5) State Bank of India
      
      Answer & Explanation

      Answer-3) HDFC Bank
      Explanation:
      Mumbai(Maharashtra)-based HDFC Bank Limited is set to sell its entire stake of 9.95% (1,65,731 Equity Shares) in Softcell Technologies Global Private Limited (Softcell) for Rs 9.94 crore, at Rs 600.36 per Equity Share. In March 2020, HDFC Bank sold a 2.05% stake in Softcell for Rs 1.47 crore.
      i. Softcell, a company founded on 6h September 2018, sells Information Technology (IT) products and offers software and related services.
      
      
      
   9. In February 2023, Liberty Global Plc acquired a _____________ stake in Vodafone Group Plc betting on share revival.
      1) 4.9%
      2) 4.0%
      3) 3.9%
      4) 3.0%
      5) 3.5%
      
      Answer & Explanation

      Answer-1) 4.9%
      Explanation:
      Liberty Global Plc, a multinational telecommunications company headquartered in London, the United Kingdom (UK), acquired a 4.9% stake (1.34 billion shares) in Vodafone Group Plc, British multinational Telecom Company based in the UK, in a surprise bet on Vodafone’s plans to revamp its business.
      i. Liberty Global and Vodafone share a 50-50 joint venture in the Netherlands called VodafoneZiggo, and in 2019 Liberty sold Vodafone its German and eastern European businesses for Euro 18.4 billion.
      ii. In 2022, Vodafone’s share price has dropped by around 30%, which has drawn the attention of several strategic investors.
      
      
      
   10. Name the company that has recently (in Feb ‘23) introduced “Snapdragon Satellite”, the world’s 1st satellite-based two-way capable messaging solution for premium smartphones.
       1) Micron Technology Inc
       2) Qualcomm Technologies Inc
       3) Microsoft Corporation
       4) Ericsson Limited
       5) NEC Corporation
       
       Answer & Explanation

       Answer-2) Qualcomm Technologies Inc
       Explanation:
       Qualcomm Technologies, Inc. introduced “Snapdragon Satellite” , the world’s 1st satellite-based two-way capable messaging solution for premium smartphones, at the Consumer Electronics Show(CES) 2023, which was held in Las Vegas, Nevada, United States of America(USA) from 5th to 8th January 2023.
       i. The Snapdragon satellite, Developed with Iridium, will allow next-generation premium Android smartphones and other gadgets to support messaging for emergency use in rural, and offshore locations.
       ii. Snapdragon Satellite will provide global connectivity using mobile messaging from around the world, starting with devices based on the flagship Snapdragon 8 Gen 2 Mobile Platform.