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Current Affairs Quiz: 25 & 26 February 2024

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AffairsCloud brings you the complete and important daily Current Affairs Quiz 25 & 26 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. Which of the transformative portals was not launched by Union Minister of Information and Broadcasting, Anurag Thakur to modernise India’s media industry at New Delhi, Delhi in February 2024?
    1) Press Sewa Portal
    2) CPGRAMS Portal
    3) Transparent, Empanelment, Media Planning, and eBilling System(TEMPEST)
    4) NaViGate (National Video Gateway) Bharat portal
    5) National Register for Local Cable Operators (LCOs)
    Answer-2) CPGRAMS Portal
    Explanation:
    Union Minister Anurag Thakur, Ministry of Information and Broadcasting (MIB), launched 4 transformative portals as part of MIB’s digital initiatives, to modernise India’s media industry in New Delhi, Delhi. The 4 portals are,
     Press Sewa Portal;
     Transparent, Empanelment, Media Planning, and eBilling System (TEMPEST)
     NaViGate (National Video Gateway) Bharat portal; and
     National Register for Local Cable Operators (LCOs). Click here to read more

  2. Which of the following companies have recently (in Feb ‘24) signed an MoU facilitated by the Ministry of Electronics and Information Technology (MeitY) to launch iMPEL-AI programme to empower Indian AI startups?
    1) Google
    2) Microsoft
    3) iCreate
    4) Both 1 & 3
    5) Both 2 & 3
    Answer-5) Both 2 & 3
    Explanation:
    Microsoft and the International Centre for Entrepreneurship and Technology (iCreate) have signed a Memorandum of Understanding (MoU) facilitated by the Ministry of Electronics and Information Technology (MeitY) to launch iMPEL-AI (iCreate-Microsoft Programme for Emerging Leaders in Artificial Intelligence (AI)) programme to empower Indian AI startups.
    i. The programme is set to be implemented in two stages, and it will encourage AI innovation and product development among Indian startups by providing access to mentorship and technology infrastructure.

  3. In February 2024, the Reserve Bank of India (RBI) announced that the Interest Equalization Scheme (IES) for Pre and Post-Shipment Rupee Export Credit was extended by the Government of India (GoI) till ___________ with an additional allocation of Rs. 2500 crores.
    1) 31st May 2024
    2) 30th June 2024
    3) 30th September 2024
    4) 31st July 2024
    5) 30th April 2024
    Answer-2) 30th June 2024
    Explanation:
    The Reserve Bank of India (RBI) announced that the Interest Equalization Scheme (IES) for Pre and Post-Shipment Rupee Export Credit was extended by the Government of India (GoI) till 30th June 2024 with an additional allocation of Rs. 2500 crores.
    i. For the Manufacturers and Merchant Exporters exporting under 410 Harmonized System (HS) lines, the interest equalization rate will be at 2%.
     For Micro, Small & Medium Enterprises (MSME) manufacturers, exporting under any HS line, the interest equalization rate will be at 3%.

  4. Which company has recently (in Feb ‘24) signed a land lease agreement with Andhra Pradesh Industrial Infrastructure Corporation (APIIC) to develop an “Integrated Green Hydrogen Hub’’ in Visakhapatnam, Andhra Pradesh (AP)?
    1) NTPC Green Energy Limited
    2) Adani Green Energy Limited
    3) Tata Power Limited
    4) Suzlon Energy Limited
    5) ReNew Power Private Limited
    Answer- 1) NTPC Green Energy Limited
    Explanation:
    NTPC Green Energy Limited (NGEL), a wholly owned subsidiary of NTPC Ltd signed a land lease agreement with Andhra Pradesh Industrial Infrastructure Corporation (APIIC) to develop an “Integrated Green Hydrogen Hub” on 1,200 acres of land near Pudimadaka village (Atchutapuram Mandal) in Visakhapatnam, Andhra Pradesh (AP).
     The Pudimadaka green hydrogen hub aims to create a cutting-edge ecosystem for technologies in the new energy model.

  5. Which country’s Coast Guard/Navy force have recently (in Feb ‘24) conducted the 16th edition of the biennial trilateral Coast Guard exercise, ‘Dosti-16’?
    1) Indian Coast Guard
    2) Sri Lankan Navy
    3) Maldives National Defence Force
    4) Both 1 & 2
    5) All 1, 2 & 3
    Answer-5) All 1, 2 & 3
    Explanation:
    The Indian Coast Guard (ICG), the Sri Lankan Navy (SLN), and the Maldives National Defence Force (MNDF) are jointly conducting the 16th edition of the biennial trilateral Coast Guard exercise named ‘Dosti-16’ from February 22–25, 2024 in the Male, Maldives.
     Observers from Bangladesh also joined in the Trilateral Joint Exercise.

  6. Which bank has recently (in Feb ‘24) collaborated with the Central Economic Intelligence Bureau (CEIB) to launch an Automated Search Portal for antecedent verification of potential borrowers?
    1) Bank of Baroda
    2) Bank of India
    3) Canara Bank
    4) State Bank of India
    5) Indian Bank
    Answer-4) State Bank of India
    Explanation:
    The Central Economic Intelligence Bureau (CEIB) in collaboration with the State Bank of India (SBI) launched an Automated Search Portal dedicated for antecedent verification of potential borrowers and Non-Performing Assets (NPAs), to help Public Sector Banks (PSBs).
    i. CEIB and SBI, have jointly developed a digital platform to assist PSBs in obtaining mandatory intelligence clearance process for PSBs promptly, which will ensure timely disbursement of funds.

  7. Which company has recently (in Feb ‘24) signed an MoU with Open Network for Digital Commerce (ONDC) to expand the range of mobility offerings?
    1) Ola Cabs
    2) Rapido
    3) Ather Energy
    4) inDrive
    5) Uber India Systems Private Limited
    Answer-5) Uber India Systems Private Limited
    Explanation:
    Mumbai (Maharashtra) based Uber India Systems Private Limited (Uber) has signed a Memorandum of Understanding (MoU) with Open Network for Digital Commerce (ONDC) to explore an integration with the network to expand the range of mobility offerings on the Uber mobile application.
     The MoU aims to provide safe, affordable and reliable rides to all Indians.

  8. In February 2024, the Competition Commission of India (CCI) approved the acquisition of up to ___________ of equity share capital of Pricol Limited by Minda Corporation Limited.
    1) 8.79%
    2) 6.29%
    3) 9.24%
    4) 7.24%
    5) 5.90%
    Answer-1) 8.79%
    Explanation:
    The Competition Commission of India (CCI) has approved the acquisition of up to ~8.79% of equity share capital of Coimbatore (Tamil Nadu) based Pricol Limited(Pricol) by Noida (Uttar Pradesh) based Minda Corporation Limited (Minda).
    i. Minda manufactures auto-component parts and caters to Original Equipment Manufacturers (OEMs) and Tier-1 (a company that is a direct supplier for an OEM) in various segments across India.

  9. When was the Central Excise Day 2024 observed across India?
    1) 21st February 2024
    2) 25th February 2024
    3) 23rd February 2024
    4) 24th February 2024
    5) 22nd February 2024
    Answer-4) 24th February 2024
    Explanation:
    The Central Excise Day 2024 was observed across India on 24th February 2024 to recognise and highlight the contributions of the Central Board of Indirect Taxes and Customs (CBIC), which is responsible for administering indirect taxes in India.
    i. The day also commemorates the anniversary of the enactment of the Central Excise and Salt Act, 1944 on 24 February 1944.

  10. In February 2024, the Finance Minister of Odisha, Bikram Keshari Arukha, presented a Rs ___________ Budget for the Financial Year 2024-25 (FY25).
    1) 1.50 Lakh Crore
    2) 2.55 Lakh Crore
    3) 1.98 Lakh Crore
    4) 3.24 Lakh Crore
    5) 2.86 Lakh Crore
    Answer- 2) 2.55 Lakh Crore
    Explanation:
    The Finance Minister of Odisha, Bikram Keshari Arukha, presented a growth-oriented Annual Budget (Vote-On-Account) for the Financial Year 2024-25 (FY25) in the Legislative Assembly, with an outlay Rs 2,55,000 crore (Rs 2.55 Lakh Crore), a 11% increase from Annual Budget, FY24. No new schemes were introduced.
     An interim budget of Rs 1.18 lakh crore was also presented for the first four months of FY25.