AffairsCloud brings you the complete and important daily Current Affairs Quiz 24 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 21st February 2024?
A) The Union Cabinet approved amendments in the Foreign Direct Investment (FDI) policy for the space sector.
B) The Union Cabinet approved the continuation of the centrally sponsored Scheme, the “Flood Management and Border Areas Programme (FMBAP)” with a total outlay of Rs 4,100 crores for a period of 5 years from 2021-22 to 2025-26
C) The Union Cabinet approved the Ministry of Home Affairs (MHA)’s proposal to continue the implementation of Umbrella Scheme on ‘Safety of Women’ from 2021-22 to 2025-26.
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 the Prime Minister (PM) Narendra Modi approved the following schemes and initiatives on 21st February 2024.
The Union Cabinet approved amendments in the Foreign Direct Investment (FDI) policy for the space sector.
The Union Cabinet approved the continuation of the centrally sponsored Scheme, the “Flood Management and Border Areas Programme (FMBAP)” with a total outlay of Rs 4,100 crores for a period of 5 years from 2021-22 to 2025-26 (15th Finance Commission period).
The Union Cabinet approved the Ministry of Home Affairs(MHA)’s proposal to continue the implementation of Umbrella Scheme on ‘Safety of Women’ from 2021-22 to 2025-26. Click here to read more - Which state government has recently (in Feb ‘24) partnered with the World Bank (WB) to establish a Blended Finance Facility (BFF) for climate resilience?
1) Karnataka
2) Maharashtra
3) West Bengal
4) Goa
5) OdishaAnswer- 4) Goa
Explanation:
The Government of Goa has announced a partnership with the World Bank (WB) to establish a Blended Finance Facility (BFF) for climate resilience.
i. This initiative aims to access and mobilise concessional finance to implement low-carbon and climate-resilient investment in Goa. - Which company has recently (in Feb ‘24) partnered with 5 Indian banks – IDBI Bank, Indian Bank, Axis Bank, Jammu & Kashmir Bank, and Karur Vysya Bank (KVB), to introduce India’s 1st Virtual ATM (VATM)?
1) Policybazaar
2) MoneyTap
3) Paymart India
4) Pine Labs
5) ZestMoneyAnswer-3) Paymart India
Explanation:
The Fintech startup Paymart India Pvt. Ltd., has partnered with 5 Indian banks, IDBI Bank, Indian Bank, Axis Bank, Jammu & Kashmir Bank, and Karur Vysya Bank (KVB), to introduce India’s 1st Virtual ATM (VATM) to offer innovative virtual, cardless, and hardware-less cash withdrawal service.
Transaction Limits: Minimum withdrawal of Rs 100, maximum Rs 2,000 per transaction.
Monthly Cap: Rs 10,000 maximum limit for virtual ATM withdrawals. - Which bank/organisation has recently (in Feb ‘24) approved the loan of USD 23 million to India for the ‘India: Promoting Research and Innovation through Development of Fintech Institute at Gujarat International Finance Tec-City (GIFT City) Project’?
1) World Bank
2) Asian Development Bank
3) United Nations Development Programme
4) International Monetary Fund
5) Asian Infrastructure Investment BankAnswer-2) Asian Development Bank
Explanation:
The Asian Development Bank (ADB) has approved the loan of USD 23 million to India for the project ‘India: Promoting Research and Innovation through Development of Fintech Institute at Gujarat International Finance Tec-City (GIFT City) Project’.
The project aims to construct an inclusive, sustainable, and climate-resilient International Fintech Institute (IFI) inside GIFT City in Gandhinagar, Gujarat. - In February 2024, India Ratings and Research (Ind-Ra) Private Limited lowered India’s GDP growth forecast for FY25 to _________.
1) 6.5%
2) 6.3%
3) 6.0%
4) 6.4%
5) 6.7%Answer-1) 6.5%
Explanation:
India Ratings and Research (Ind-Ra) Private Limited, has increased India’s Gross domestic product (GDP) growth forecast for Financial Year 2023-24 (FY24) to 6.9% from 6.7% projected in January 2024.
Ind-Ra has lowered India’s GDP growth forecast for FY25 to 6.5%. - Name the company that has recently (in Feb ‘24) launched Pratham, world’s first user-friendly video analytics platform.
1) Dahua Technology India Pvt. Ltd
2) Agawane Technologies Pvt. Ltd
3) Thanos Technologies Pvt. Ltd
4) Assert SecureTech Pvt. Ltd
5) Camncloud Technologies Pvt. LtdAnswer-4) Assert SecureTech Pvt. Ltd
Explanation:
Assert SecureTech Private Limited (Assert AI), a Mumbai(Maharashtra) based computer vision company, launched Pratham, world’s first user-friendly video analytics platform.
The unique user-friendly platform is patented for its innovative approach to democratizing computer vision and artificial intelligence(AI).
i. With its innovative framework, Pratham enables users to to analyse and utilise video data effortlessly.
ii. Pratham, translates to “first” in Hindi, enables users to unlock the power of Vision AI technology, eliminating the need for coding or AI expertise. - In February 2024, Space Exploration Technologies Corporation (SpaceX) launched an ________ (country) satellite Merah Putih 2 on a Falcon 9 rocket from Florida, United States of America (USA).
1) Indonesia
2) Australia
3) France
4) Israel
5) KenyaAnswer-1) Indonesia
Explanation:
On 20th February 2024, Space Exploration Technologies Corporation (SpaceX) successfully launched an Indonesian satellite Merah Putih 2 (formerly known as Telkomsat HTS 113BT) on a Falcon 9 rocket from Space Launch Complex 40 at Cape Canaveral Space Force Station in Florida, United States of America (USA).
The launch marks the 300th successful mission for the Falcon 9 rocket. - Which company has recently (in Feb ‘24) partnered with IBM Consulting to build a 24×7 super app?
1) Muthoot Finance Limited
2) LIC Housing Finance Limited
3) BOBCARD Limited
4) Mahindra & Mahindra Financial Services Limited
5) Bajaj Finance LimitedAnswer-4) Mahindra & Mahindra Financial Services Limited
Explanation:
Mahindra & Mahindra Financial Services Limited (Mahindra Finance) in collaboration with IBM Consulting (formerly IBM Global Business Services) aims to build a 24×7 super mobile application (app) which acts as a single digital interface for consumers to access multiple businesses within Mahindra Finance.
The app offers customers with various financial products and services under one roof - Who has recently (in Feb ‘24) won the inaugural Freestyle Chess G.O.A.T. Challenge by defeating Grandmaster (GM) Fabiano Caruana?
1) Hikaru Nakamura
2) Viswanathan Anand
3) R. Praggnanandhaa
4) Garry Kasparov
5) Magnus CarlsenAnswer-5) Magnus Carlsen
Explanation:
Norwegian Grandmaster (GM) and World No.1, Magnus Carlsen won the inaugural Freestyle Chess G.O.A.T. Challenge by defeating GM Fabiano Caruana (United States of America-USA) in the finals.
i. The 2024 Freestyle Chess G.O.A.T. is a Chess960 classical tournament that was held from February 9th to 16th, 2024, in Weissenhaus, Germany. - In February 2024, the Finance Minister of Assam Ajanta Neog presented a Rs ________ budget for Financial Year 2024-25 (FY25).
1) 1.6 lakh crore
2) 2.9 lakh crore
3) 3.5 lakh crore
4) 2.5 lakh crore
5) 3.8 lakh croreAnswer-2) 2.9 lakh crore
Explanation:
The Finance Minister of Assam Ajanta Neog presented a Rs 2.9 lakh crore budget for Financial Year 2024-25 (FY25) with a deficit of Rs 774.47 crore. The budget proposed no new tax.
This was his 4th budget under the leadership of Chief Minister (CM) of Assam Dr Himanta Biswa Sarma. Click here to read more
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