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Current Affairs Quiz: 21 February 2024

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AffairsCloud brings you the complete and important daily Current Affairs Quiz 21 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.

  1. In February 2024, the Government of India (GoI) increased the authorised capital of Food Corporation of India (FCI) from Rs 10,000 crore to Rs ___________ .
    1) 21,000 crore
    2) 15,000 crore
    3) 18,000 crore
    4) 25,000 crore
    5) 17,000 crore
    Answer-1) 21,000 crore
    Explanation:
    The Government of India (GoI) has increased the authorised capital of Food Corporation of India (FCI) from Rs 10,000 crore to Rs 21,000 crore. The move aims to enhance the operational capabilities of FCI in fulfilling its mandate effectively.
    i. The GoI provides equity to the FCI for working capital requirements and the creation of capital assets.

  2. Name the bank that has recently (in Feb ‘24) signed an MoU with the Indian Renewable Energy Development Agency (IREDA) to promote Renewable Energy projects across India.
    1) Bank of Maharashtra
    2) Bank of Baroda
    3) Indian Overseas Bank
    4) Punjab National Bank
    5) Bank of India
    Answer-4) Punjab National Bank
    Explanation:
    Indian Renewable Energy Development Agency (IREDA) and Punjab National Bank (PNB) have signed a Memorandum of Understanding (MoU) focusing on co-lending and loan syndication of Renewable Energy(RE) projects across India.
     The MoU includes provisions aimed at enhancing support for RE projects.
    i. Through this MoU and prior agreements with other financial institutions, IREDA is set to fund large-scale RE projects, in line with India’s effort to achieve a 500 GW Non-Fossil-based electricity generation capacity by 2030.

  3. Which company has recently (in Feb ‘24) received the Payment Aggregator (PA) licence from the Reserve Bank of India (RBI)?
    1) Indianic Infotech Limited
    2) Capillary Technologies Limited
    3) Vvdn Technologies Limited
    4) Compuage Infocom Limited
    5) Mswipe Technologies Private Limited
    Answer-5) Mswipe Technologies Private Limited
    Explanation:
    On 16th February 2024, The Reserve Bank of India (RBI) granted Payment Aggregator (PA) licence to Mumbai (Maharashtra) based Mswipe Technologies Private Limited. Mswipe received in-principle approval from RBI to operate as a PA in 2022.
     The Certificates of Authorisation (CoA) for Setting up and Operating Payment System in India is issued by RBI under Section 7 of Payment and Settlement Systems Act, 2007.

  4. Which bank has recently (in Feb ‘24) signed an MoU with the Investor Education and Protection Fund Authority (IEPFA) to spread awareness on investment and fraudulent schemes?
    1) HSBC India
    2) ICICI Bank
    3) DBS Bank
    4) Axis Bank
    5) YES Bank
    Answer- 3) DBS Bank
    Explanation:
    Investor Education and Protection Fund Authority (IEPFA) and Singapore based DBS Bank Limited signed an MoU to spread awareness on investment and fraudulent schemes.
    i. As per the MoU, DBS Bank will be supporting IEPFA’s investor awareness activities by disseminating safety messages via its various digital platforms.

  5. Which of the following personalities have been recently (in Feb ‘24) awarded with the 58th Jnanpith Award (2023)?
    1) Jagadguru Rambhadracharya (Sanskrit)
    2) Sampooran Singh Kalra (Urdu)
    3) Hema Saraswati (Assamese)
    4) Both 1 & 2
    5) Both 2 & 3
    Answer- 4) Both 1 & 2
    Explanation:
    58th Jnanpith Award (2023) has been awarded to Two personalities – Legendary Indian poet and lyricist Sampooran Singh Kalra (popularly known as Gulzar) for Urdu and Indian spiritual leader and scholar Jagadguru Rambhadracharya for Sanskrit.
    i. The award is being given for the 2nd time for Sanskrit language and for the 5th time for Urdu language.

  6. In February 2024, Ilham Aliyev was re-elected as the President of ____________ (country) for the fifth consecutive term.
    1) Armenia
    2) Kyrgyzstan
    3) Azerbaijan
    4) Uzbekistan
    5) Kazakhstan
    Answer- 3) Azerbaijan
    Explanation:
    Ilham Heydar oglu Aliyev (Ilham Aliyev) has been re-elected as the President of Azerbaijan for the fifth consecutive term following his win in the presidential election with 92 percent of the votes.
     He was sworn in as the President of Azerbaijan on 14th February 2024.
    i. Ilham Aliyev’s father, Heydar Aliyev, was a president (non-elected) of Azerbaijan from 1993 to 2003 until his death.

  7. In February 2024, Ashish Vijayakar was appointed as the Managing Director (MD) and Chief Executive Officer (CEO) of _____________ (Bank).
    1) CSB Bank (India)
    2) HSBC Bank (India)
    3) DBS Bank (India)
    4) Standard Chartered Bank (India)
    5) SBM Bank (India)
    Answer- 5) SBM Bank (India)
    Explanation:
    Ashish Vijayakar has been appointed as the Managing Director (MD) and Chief Executive Officer (CEO) of SBM Bank (India) Limited (SBM Bank India) for a period of 3 years, with effect from February 17, 2024.
    i. He succeeds Sidharth Rath, who resigned from the post of MD and CEO of SBM Bank India in November 2023.

  8. Which of the following personalities have recently (in Feb ‘24) won the men’s doubles title of the Bengaluru Open 2024 held in February 2024?
    1) Yuki Bhambri and Sumit Nagal
    2) Saketh Myneni and Ramkumar Ramanathan
    3) Prajnesh Gunneswaran and Divij Sharan
    4) Saketh Myneni and Yuki Bhambri
    5) Ramkumar Ramanathan and Sumit Nagal
    Answer-2) Saketh Myneni and Ramkumar Ramanathan
    Explanation:
    The Indian tennis pair Saketh Myneni and Ramkumar Ramanathan won the men’s doubles title by defeating Constantin Bittoun Kouzmine and Maxime Janvier of France in the finals of the Bengaluru Open 2024.
    i. Stefano Napolitano (Italy) won the men’s singles title by defeating Seongchan Hong (South Korea) in the finals.

  9. When was the United Nations (UN) World Day of Social Justice 2024 observed across the globe?
    1) 20th February 2024
    2) 17th February 2024
    3) 19th February 2024
    4) 16th February 2024
    5) 18th February 2024
    Answer-1) 20th February 2024
    Explanation:
    The United Nations (UN)’s World Day of Social Justice 2024 was observed across the globe on 20th February 2024 with the theme of “Global Coalition for Social Justice: Bridging Gaps, Building Alliances”.
    i. The day was observed to raise awareness about the need for social justice, particularly in areas such as poverty eradication, employment, gender equality, and access to education, healthcare, and social services.
    ii. The first World Day of Social Justice was observed on 20th February 2009. Click here to read more

  10. Which state government has recently (in Feb ‘24) launched INSPIRES (Integrated Service Provision and Innovation for Revising Economics), a World Bank-Assisted Program for Economic Empowerment of Women & Youth?
    1) Odisha
    2) West Bengal
    3) Sikkim
    4) Uttar Pradesh
    5) Bihar
    Answer-3) Sikkim
    Explanation:
    Sikkim Chief Minister (CM) Prem Singh Tamang launched Sikkim INSPIRES (Integrated Service Provision and Innovation for Revising Economics), a World Bank (WB)-assisted program under the Planning and Development Department of the Government of Sikkim was launched at Chintan Bhavan, Gangtok, Sikkim.
    i. This WB-assisted program is the first-ever direct partnership between the Government of Sikkim and the WB
    ii. Through INSPIRES, the Sikkim Government is adopting evidence-based modules for economic inclusion opportunities, especially for women and youth.