Current Affairs Quiz: 18 February 2022

AffairsCloud brings you the complete and important daily Current Affairs 18 February 2022 Quiz 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 2021 updates.

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Top 10 Questions Based on Current Affairs 18 February 2022

1. The Ministry of Social Justice & Empowerment recently (in Feb’22) launched the “Scheme for Economic Empowerment of De-Notified Tribes (DNTs), Nomadic Tribes (NTs) & Semi Nomadic Tribes (SNTs)” (SEED).
   Which of the following points are correct with respect to the SEED Scheme?
   1) It will be implemented by the Development Tribal Affairs for DNTs, SNTs & NTs (DWBDNCs) along with the Ministry of Tribal Affairs.
   2) The Scheme outlay is ~Rs 200 crore to be spent over five years beginning 2021-22 to 2025-26.
   3) Under the Scheme, the Department of Social Justice & Empowerment has developed an online portal to ensure seamless registration.
   4) Both 1 & 2
   5) Both 2 & 3

   Answer & Explanation

   Answer-5) Both 2 & 3
   Explanation:
   The SEED scheme will be implemented by the Development and Welfare Board for DNTs, SNTs &NTs (DWBDNCs) along with the Ministry of Rural Development (MoRD), National Rural Livelihood Mission (NRLM) and National Health Authority (NHA).
   i. The Scheme outlay is ~Rs 200 crore to be spent over five years beginning 2021-22 to 2025-26.
   ii. Under the Scheme, the Department of Social Justice & Empowerment has developed an online portal to ensure seamless registration.
   The four components of the SEED scheme are:
   • Educational empowerment- Free coaching to students from these communities for Civil Services, entry to professional courses like medicine, engineering, MBA, etc.
   • Health Insurance through PMJAY of National Health Authority.
   • Livelihoods to support income generation, and
   • Housing (through PMAY/IAY)
   
   
2. Which of the following points are correct with respect to the New India Literacy Programme (NILP) approved in February 2022?
   A) The Ministry of Education approved the NILP scheme for 5 years to cover all the aspects of adult education to align with National Education Policy (NEP) 2020.
   B) The total estimation of NILP is Rs.1037.90 crore, of which the Central government and State government share Rs 700 crore and Rs 337.90 crore respectively.
   C) MoE replaced the term “Adult Education” with “Education for All” to cover non-literates of the age of 15 years and above.
   1) Only A
   2) Only B
   3) Only A & B
   4) Only B & C
   5) All A, B & C

   Answer & Explanation

   Answer- 5) All A, B & C
   Explanation:
   The Ministry of Education (MoE) approved a new scheme “New India Literacy Programme (NILP) which is also known as Nav Bharat Literacy Program” for the upcoming 5 years (FY 2022-27) to cover all the aspects of adult education to align with National Education Policy (NEP) 2020.
   i. The total estimation of NILP is Rs.1037.90 crore, in which the Central government and State government share Rs 700 crore and Rs 337.90 crore respectively.
   ii. MoE replaced the term “Adult Education” with “Education for All” to cover non-literates of the age of 15 years and above with the help of “Online Teaching, Learning and Assessment System (OTLAS)” in collaboration with NCERT and the National Institute of Open Schooling (NIOS).
   
   
3. As per the Second Advance Estimates, India’s estimated foodgrains production stands at __________ for the FY 2021-22.
   1) 125.98 Million Tonnes
   2) 456.78 Million Tonnes
   3) 256.08 Million Tonnes
   4) 316.06 Million Tonnes
   5) 167.02 Million Tonnes

   Answer & Explanation

   Answer-4) 316.06 Million Tonnes
   Explanation:
   In the Second Advance Estimates of production of major crops for the year 2021-22 released by the Ministry of Agriculture and Farmers Welfare (MoA&FW), India’s estimated foodgrains production is 316.06 million tonnes.
   i. It is higher by 5.32 million tonnes than the production of foodgrains during 2020-21.
   
   
4. Which organisation recently (in Feb’22) launched a new Digital Strategy 2022-2025 that will accelerate the work towards achieving the Sustainable Development Goals (SDGs)?
   1) UNDP
   2) Asian Development Bank
   3) International Monetary Fund
   4) UNEP
   5) World Bank

   Answer & Explanation

   Answer-1) UNDP
   Explanation:
   United Nations Development Programme (UNDP) launched a new Digital Strategy 2022-2025 to support countries and communities for using digital technologies to reduce inequality, support inclusivity, tackle climate change, and open-up economic opportunities. This strategy will accelerate the work towards achieving sustainable development goals (SDGs).
   i. As per the UN, artificial intelligence (AI) and digital technology could bring a 10-20% reduction in global carbon dioxide emissions by 2030.
   
   
5. Which organization recently (in Feb’22) signed two MoU with Bihar Government to promote MSME Sectors?
   1) RBI
   2) NABARD
   3) SEBI
   4) IRDAI
   5) SIDBI

   Answer & Explanation

   Answer-5) SIDBI
   Explanation:
   The Small Industries Development Bank of India (SIDBI) has signed 2 MoU with the Industries Department of Government of Bihar, and the Bihar Industrial Area Development Authority (BIADA) to promote the micro, small and medium enterprises (MSME) sector.
   About the MoU:
   i. Under the 1st MoU Bihar’s Industry Department, will work with Project Management Units (PMUs) of SIDBI.
   ii. According to the 2nd MoU, SIDBI will work in close coordination with BIADA to benefit MSMEs who want to set up an industrial unit on the plot allotted by BIADA to promote industrialisation in Bihar.
   iii. Bihar is the 14th state of India with which SIDBI has partnered to strengthen MSME. SIDBI will place an expert agency with the state industries department of Bihar.
   
   
6. In February 2022, Fisdom partnered with _____________ to offer wealth management products and services to their customers.
   1) Union Bank of India
   2) Bank of Maharashtra
   3) Bank of Baroda
   4) Bank of India
   5) Canara Bank

   Answer & Explanation

   Answer-2) Bank of Maharashtra
   Explanation:
   Fisdom, a wealth-tech company partnered with the Bank of Maharashtra (BoM), to offer wealth management products and services to over 29 million customers of the bank.
   Aim – To distribute the wealth products and services including the mobile banking app and internet banking.
   i. The wealth management offerings will enable customers of BoM to invest in mutual funds (MF) through Maha Mobile, BoM’s Mobile Banking App and Internet Banking facility.
   
   
7. According to Goldhub, the Reserve Bank of India (RBI) has emerged as the _______ largest buyer of Gold among the world’s Central Banks in 2021, while ______ topped the List.
   1) 3rd; Central Bank of Brazil
   2) 4th; Hungarian National Bank
   3) 2nd; Central Bank of Thailand
   4) 4th; Central Bank of Brazil
   5) 3rd; Hungarian National Bank

   Answer & Explanation

   Answer-3) 2nd; Central Bank of Thailand
   Explanation:
   According to Goldhub, an official website of the World Gold Council that maintains all the data regarding precious metals, the Reserve Bank of India (RBI) has emerged as the 2nd largest buyer of Gold among the world’s Central Banks in 2021.RBI bought 77.5 metric tonnes in 2021. While the Central Bank of Thailand is the largest buyer in 2021 that bought 90 metric tonnes of gold.
   i. As per Goldhub, India’s official gold reserves is the 9th largest in the world.
   
   
8. Name the bank that recently (in Feb’22) won 6 awards, including Best Technology Bank of the Year 2021 under the “small bank” segment at the IBA’s 17th Annual Banking Technology Awards 2021.
   1) CSB Bank
   2) RBL Bank
   3) HDFC Bank
   4) ICICI Bank
   5) South Indian Bank

   Answer & Explanation

   Answer-5) South Indian Bank
   Explanation:
   The South Indian Bank (SIB) has won 6 awards at the Indian Banks’ Association (IBA)’s 17th Annual Banking Technology Awards 2021.
   i. The 6 awards for South Indian banks include the ‘Best Technology Bank of the Year 2021’ under the “small bank” segment.
   The SIB has bagged 6 awards in the categories like
   • Best Technology Bank of the year (Small Banks): winner
   • Best Use of Artificial intelligence (AI)/Machine learning (ML) T& Data (Small Banks): winner; Karur Vysya Bank(KVB) is the joint winner of this award.
   • Best IT Risk & Cyber Security Initiatives (Small Banks): winner
   • Best Payments Initiatives (Private Banks): 1st runner up
   • Cloud Adoption (Small Banks): 1st runner up
   • Best Fintech Adoption (Small Banks): winner
   
   
9. Who recently (in Feb’22) got appointed as India’s first National Maritime Security Coordinator (NMSC)?
   1) Sunil Lanba
   2) Karambir Singh
   3) Ajit Kumar P
   4) G Ashok Kumar
   5) Nirmal Kumar Verma

   Answer & Explanation

   Answer-4) G Ashok Kumar
   Explanation:
   The government of India has appointed Vice Admiral (retd) G Ashok Kumar, the former Navy vice chief, as India’s first National Maritime Security Coordinator (NMSC) in the National Security Council Secretariat. The proposal for the creation of this post was cleared by the Cabinet Committee on Security in 2021.
   i. This is a part of India’s efforts to enhance maritime security following the 26/11 Mumbai terror attack (2008).
   About G Ashok Kumar:
   i. Vice Admiral G Ashok Kumar, a Flag Officer in the Indian Navy, retired from the service in July 2021.
   ii. He served as the 35th Vice Chief of the Naval Staff from 2019 to 2021.
   
   
10. Chennaveera Kanavi recently (in Feb’22) passed away. He was a famous literary writer in which language?
    1) Kannada literature
    2) Tamil literature
    3) Hindi literature
    4) Telugu literature
    5) Bengali literature

    Answer & Explanation

    Answer-1) Kannada literature
    Explanation:
    Renowned Kannada litterateur Dr Chennaveera Kanavi passed away at the age of 93 years due to age-related ailments in Dharwad, Karnataka.
    i. He was popularly known as “Samanvayada Kavi” and “Soujanyada Kavi”.
    ii. He had written more than 15 books, which were a compilation of poems, a collection of essays and various other books.
    iii. Some of his notable poetries:
    • Kavyaakshi
    • Bhaavajeevi
    • Aakaashabutti
    • Madhuchandra
    • Shishu Kanda Kanasu
    Awards- Sahitya Akademi award for his book ‘Jeevadhwani’.