Current Affairs Quiz: 28 February 2024

AffairsCloud brings you the complete and important daily Current Affairs Quiz 28 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.

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1. Which of the following points is/are “correct” with respect to the Maharashtra MSME Defense Expo 2024 held at Pune in February 2024?
   A) Maharashtra MSME Defence Expo 2024 was held at the Pune International Exhibition and Convention Center (PIECC) in Pune with the theme of “Opportunities for MSMEs in Defence”.
   B) DRDO handed over 23 Licensing Agreements for Transfer of Technology (LATOT) to 22 industries in various domains.
   C) The MoUs were signed between the Maharashtra Govt and Max Aerospace and Aviation Pvt Ltd, SBL Energy Ltd, as well as collaboration between Nibe Ltd and Munitions India Limited.
   1) Only A
   2) Only A & B
   3) Only B & C
   4) Only A & C
   5) All A, B & C
   

   Answer & Explanation

   Answer-3) Only B & C
   Explanation:
   Maharashtra MSME (Micro, Small, and Medium Enterprises) Defence Expo 2024 was held at the Pune International Exhibition and Convention Center (PIECC) in Pune, Maharashtra from 24th to 26th February 2024.
    The theme of the 2024 expo is “Inspire : Learn : Engage”.
   i. During the MSME defence Expo 2024, DRDO handed over 23 Licensing Agreements for Transfer of Technology (LATOT) to 22 industries in various domains such as electronics, laser technology, combat vehicles, naval systems, and aeronautics.
   ii. During the 2024 expo, the MoUs were signed between the Maharashtra Govt and Max Aerospace and Aviation Pvt Ltd, SBL Energy Ltd, as well as collaboration between Nibe Ltd and Munitions India Limited. Click here to read more
   
   
   
2. Which ministry has recently (in Feb ‘24) signed an MoU with the Ministry of Ayush for the nutritional improvement in adolescent girls through Ayurveda Interventions?
   1) Ministry of Women and Child Development
   2) Ministry of Health and Family Welfare
   3) Ministry of Home Affairs
   4) Ministry of Housing and Urban Affairs
   5) Ministry of Rural Development
   

   Answer & Explanation

   Answer-1) Ministry of Women and Child Development
   Explanation:
   On February 26, 2024, a Memorandum of Understanding (MoU) was signed between the Ministry of Ayush and Ministry of Women and Child Development (MoWCD) for the nutritional improvement in adolescent girls through Ayurveda Interventions.
    This Joint Public Health Initiative aims to combat anaemia among adolescent girls (14-18 years) in five districts under Mission Utkarsh, using Ayurveda interventions.
   i. The 5 districts are Assam–Dhubri, Chhattisgarh- Bastar, Jharkhand – Paschimi Singhbhum, Maharashtra – Gadchiroli, and Rajasthan – Dholpur.
   
   
   
3. Which Indian Institute of Management (IIM) has recently (in Feb ‘24) signed an MoU with the Ministry of Ports, Shipping & Waterways (MoPSW) to set up India’s first ‘Gati Shakti Research Chair’?
   1) IIM Kozhikode
   2) IIM Ahmedabad
   3) IIM Lucknow
   4) IIM Indore
   5) IIM Shillong
   

   Answer & Explanation

   Answer-5) IIM Shillong
   Explanation:
   The Ministry of Ports, Shipping & Waterways (MoPSW) and the Indian Institute of Management (IIM) Shillong has signed a Memorandum of Understanding (MoU) to set up India’s first ‘Gati Shakti Research Chair’ in Shillong, Meghalaya.
    The chair aims to drive high-quality academic research in the field of multimodal logistics, with a special emphasis on the development of the North-Eastern Region (NER) of India.
   
   
   
4. Which airline has recently (in Feb ‘24) recognised as a designated Indian carrier by the Ministry of Finance (MoF)?
   1) Go First
   2) Akasa Air
   3) IndiGo
   4) Vistara
   5) SpiceJet
   

   Answer & Explanation

   Answer-2) Akasa Air
   Explanation:
   The Ministry of Finance (MoF) has recognised Mumbai (Maharashtra) based SNV Aviation Private Limited (Akasa Air) as a ‘designated Indian carrier’, facilitating the carrier’s international flights.
   i. The recognition was granted in the exercise of the powers conferred by sub-section (5) of section 5 of the Central Sales Tax Act, 1956.
   
   
   
5. In February 2024, the Reserve Bank of India (RBI) imposed penalties of over Rs __________ on the State Bank of India (SBI), Canara Bank, City Union Bank Limited (CUB) and Ocean Capital Market Limited for violation of regulatory norms.
   1) 3 crore
   2) 5 crore
   3) 2 crore
   4) 4 crore
   5) 6 crore
   

   Answer & Explanation

   Answer-1) 3 crore
   Explanation:
   The Reserve Bank of India (RBI) has imposed penalties of over Rs 3 crore on the State Bank of India (SBI), Canara Bank, City Union Bank Limited (CUB) and Ocean Capital Market Limited for violation of regulatory norms.
   i. Mumbai (Maharashtra) based SBI was fined Rs 2 crore for contravening certain norms related to the Depositor Education and Awareness Fund Scheme, 2014.
   ii. A penalty of Rs 16 lakh was imposed on Rourkela (Odisha) based Ocean Capital Market for breaching certain provisions related to Non-Banking Financial Companies (NBFCs).
   
   
   
6. In February 2024, Vijay Shekhar Sharma resigned as part-time non-executive chairman and board member of ___________ (Payments Bank).
   1) Airtel Payments Bank
   2) India Post Payment Bank
   3) Paytm Payments Bank
   4) Fino Payments Bank
   5) Jio Payments Bank
   

   Answer & Explanation

   Answer-3) Paytm Payments Bank
   Explanation:
   Vijay Shekhar Sharma, the founder and Chief Executive Officer(CEO) of Paytm Payments Bank Limited (PPBL), resigned as part-time non-executive chairman and board member of PPBL.
   i. PPBL has reconstituted its Board of Directors (BoD) with the appointment of four new IDs namely,
    Srinivasan Sridhar served as Chairman and Managing Director (CMD) of the Central Bank of India (CBI) in 2011.
    Ashok Kumar Garg: He is a retired ED of the Bank of Baroda(2018).
    Debendranath Sarangi is currently serving as an ID on the boards of several companies
    Rajni Sekhri Sibal currently serves as an Independent External Monitor in the public sector and as an independent director in corporations.
   
   
   
7. In February 2024, Reserve Bank of India (RBI) approved HDFC Bank Limited to sell _______ of issued and paid-up share capital in HDFC Credila Financial Services Limited.
   1) 70.51%
   2) 82.40%
   3) 79.04%
   4) 87.03%
   5) 90.01%
   

   Answer & Explanation

   Answer-5) 90.01%
   Explanation:
   Reserve Bank of India (RBI), has approved HDFC Bank Limited to sell 90.01% of issued and paid-up share capital in HDFC Credila Financial Services Limited (HDFC Credila), a wholly-owned subsidiary of the HDFC Bank. HDFC Bank will retain a 9.99% stake in HDFC Credila.
   i. The approval was granted by RBI under Chapter VI of the Master Direction – RBI (Non-Banking Financial Company – Scale Based Regulation) Directions, 2023.
   
   
   
8. How many medals were won by India at the stage I of the Archery Asia Cup 2024 held at Baghdad, Iraq in February 2024?
   1) 10
   2) 14
   3) 16
   4) 20
   5) 9
   

   Answer & Explanation

   Answer-2) 14
   Explanation:
   Indian archers won 14 medals (9 golds, 4 silvers, and 1 bronze) at stage I of the Archery Asia Cup 2024, held from 20th to 25th February 2024 in Baghdad, Iraq.
   i. India’s Deepika Kumari won the gold medal by defeating SimranjeetKaur(India) in the women’s individual recurve category.
   ii. In the recurve men’s individual event, India’s Dhiraj Bommadevara won the Gold medal by defeating Tarundeep Rai(India) in the finals. Click here to read more
   
   
   
9. The English edition of ‘Fool Bahadur’, the first ever novel to be translated from Magahi language to English was launched in February 2024.
   Who translated the book into English?
   1) Vikas Swarup
   2) Rajiv Dogra
   3) Satish Chandra
   4) Abhay K
   5) Madhu Bhaduri
   

   Answer & Explanation

   Answer-4) Abhay K
   Explanation:
   Lieutenant Governor (LG) of Jammu and Kashmir (J&K), Manoj Sinha along with Ajay Singh, Press Secretary to the President of India, Ajay Singh, and Principal Secretary to the Govt. of Bihar, S Siddharth have launched English edition of ‘Fool Bahadur’, the first ever novel to be translated from Magahi language to English.
    The book was translated by Indian poet-diplomat, editor and translator Abhay K.
    The book was published by Penguin Random House India.
   
   
   
10. When was the National Protein Day 2024 observed across the globe with the theme of ‘Solve with Protein’?
    1) 23rd February 2024
    2) 25th February 2024
    3) 27th February 2024
    4) 24th February 2024
    5) 26th February 2024
    

    Answer & Explanation

    Answer-3) 27th February 2024
    Explanation:
    National Protein Day 2024 was observed across the globe on 27th February 2024 with the theme of “Solve With Protein“ to raise awareness about the health benefits of protein in our diets.
     27 February 2024 marks the observance of the 5th National Protein Day in India. Click here to read more