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Current Affairs Quiz: 7 February 2023

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AffairsCloud brings you the complete and important daily Current Affairs Quiz 7 February 2023 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 countries were recently (in Feb’ 23) announced plans for Trilateral Framework cooperation with India?
      1) United Arab Emirates
      2) France
      3) Australia
      4) Both 1 & 2
      5) Both 2 & 3
      Answer-4) Both 1 & 2
      Explanation:
      In the midst of the geopolitical unrest brought on by the conflict in Ukraine, India, France, and the United Arab Emirates (UAE) have announced an ambitious roadmap for cooperation in a wide range of fields, including defence, energy, and technology under a trilateral framework.
      i. The trilateral initiative will act as a forum to encourage the creation and implementation of joint projects in the energy sector, with a focus on solar and nuclear energy.
      ii. A number of trilateral events will be organized to assist the efforts during the G20 Presidency of India and the hosting of 28th session of the Conference of the Parties (COP 28) to the UN Framework Convention on Climate Change (UNFCCC) by the UAE in 2023, respectively.

    2. Name the union ministry who has recently (in Feb ‘23) launched the ‘Save Wetlands Campaign’, a campaign structured on a “whole of society” approach for wetlands conservation.
      1) Bhupender Yadav (Union Minister of Environment, Forest & Climate Change)
      2) Amit Shah (Union Minister of Home Affairs)
      3) Gajendra Singh Shekhawat (Union Minister of Jal Shakti)
      4) Jitendra Singh (Union Minister of Science and Technology)
      5) Narendra Singh Tomar (Union Minister of Agriculture & Farmers Welfare
      Answer-1) Bhupender Yadav (Union Minister of Environment, Forest & Climate Change)
      Explanation:
      Union Minister for Environment, Forest & Climate Change, Bhupender Yadav, launched the ‘Save Wetlands Campaign’, a campaign structured on a “whole of society” approach for wetlands conservation, during the National level Celebration of World Wetlands Day (2nd February 2023)at Nanda Lake in Goa.
      i. The ‘Save Wetlands Campaign’, 1 year campaign will enable affirmative actions for wetlands conservation at all levels of society and involve all strata of society.
      ii. During the event, The “India’s 75 Amrit Dharohar- India’s Ramsar Sites Factbook” and “Managing Climate Risks in Wetlands – A Practitioner’s Guide” booklets were also released.

    3. Which of the following companies along with National Fertilizers Limited has recently (in Feb ‘23) signed an MoU with Morocco’s OCP Group for annual imports of 1.75 million tonne (MT) of phosphorus (P) and potassium (K) fertilisers?
      1) Paradeep Phosphates Ltd
      2) Chambal Fertilizers and Chemicals Ltd
      3) Rashtriya Chemicals and Fertilizers Ltd
      4) Both 1 & 2
      5) All 1, 2 & 3
      Answer-5) All 1, 2 & 3
      Explanation:
      Four India-based fertiliser companies, the state-run National Fertilizers Limited, the private Chambal Fertilizers and Chemicals Ltd, Rashtriya Chemicals and Fertilizers Ltd, and Paradeep Phosphates Ltd, have signed a Memorandum of Understanding (MoU) with OCP Group, a Moroccan state-owned fertilizer producer, for the annual importation of 1.75 million metric tonnes (MT) of phosphorus (P) and potassium (K) fertilisers at Rabat, Morocco.
      i. According to the MoU, 1 MT of diammonium phosphate (DAP), 0.7 MT of triple superphosphate (TSP), and 0.05 MT of mutate of potash (MOP) will be imported to cover the domestic requirements of the soil nutrient variety for the upcoming year.

    4. According to the International Energy Agency (IEA)’s report released in February 2023, India’s Lifestyle for Environment (LiFE) Initiative can save consumers around USD 440 billion globally in __________.
      1) 2027
      2) 2030
      3) 2025
      4) 2028
      5) 2026
      Answer-2) 2030
      Explanation:
      The International Energy Agency (IEA) claimed in its country report titled “LiFE lessons from India -The benefits of advancing the Lifestyle for Environment (LiFE) initiative through the G20” that if adopted worldwide, the measures specified under the LiFE initiative could save consumers around USD 440 billion in 2030, corresponding to around 5% of total fuel spending across the global economy that same year.
      i. It further said that implementing India’s “LiFE” initiative may help decrease worldwide carbon dioxide (CO2) emissions by more than 2 billion metric tonnes by 2030, or roughly one-fifth of the emission reduction required to reach global net-zero emissions.
      ii. India, the third-largest national market for renewable energy in the world, is currently 10% more energy efficient than the global and G20 averages, with various policies already integrated into its energy transition strategy.

    5. Which of the following points is/are ‘correct’ with respect to the Securities and Exchange Board of India (SEBI) framework to strengthen the green bonds, as of February 2023?
      A) SEBI has strengthened the green bond framework by introducing “Blue” and “Yellow” bonds as new modes of sustainable finance.
      B) These bonds are subcategories of Green Debt Securities (GDS), with ‘Blue Bonds’ pertaining to water management & the marine sector & ‘Yellow Bonds’ pertaining to crude oil.
      C) A public offering of debt securities /non-convertible redeemable preference shares will be kept open for subscription for a minimum of 3 & a maximum of 10 working days.

      1) Only A
      2) Only A & B
      3) Only B & C
      4) Only A & C
      5) All A, B & C
      Answer-4) Only A & C
      Explanation:
      The Securities and Exchange Board of India (SEBI), India’s capital market regulator, has strengthened the green bond framework by introducing “Blue” and “Yellow” bonds as new modes of sustainable finance.
      i. These bonds are subcategories of Green Debt Securities (GDS), with ‘Blue Bonds’ pertaining to water management and the marine sector and ‘Yellow Bonds’ pertaining to solar energy.
      ii. Subscription Period: A public offering of debt securities or non-convertible redeemable preference shares will be kept open for subscription for a minimum of three and a maximum of 10 working days.
      Note- SEBI revised its operational guidelines for Credit Rating Agencies (CRAs), mandating that by March 31, 2023, they have a detailed policy in place regarding the non-submission of crucial information by issuers, including quarterly financial numbers.

    6. Who was recently (in Feb ‘23) awarded with “The Most Distinguished Scientist of the Year 2022” at the Indian Achievers Award 2022 by the union minister of Information and Broadcasting, Anurag Singh Thakur?
      1) Arun Kumar Shukla
      2) Amit Singh
      3) R Vishnu Prassad
      4) Karthik Pattabiraman
      5) Vasan S. Ramachandran
      Answer-3) R Vishnu Prassad
      Explanation:
      R Vishnu Prassad, Founder and Chief Scientist at Vishnu Prasad Research Centre was awarded “The Most Distinguished Scientist of the Year 2022” at the Indian Achievers Award 2022 by Anurag Singh Thakur, Minister of Information and Broadcasting at Vigyan Bhawan, New Delhi, Delhi.
      • RV Prassad was chosen by a jury headed by Justice Gyan Sudha Misra.
      i. He was recognised for working tirelessly on sustainability, smart cities, and a vision to create a clean India through solid waste management and the treatment of huge water bodies.

    7. Name the personality who has recently (in Feb ‘23) appointed as a full-time Member of the Economic Advisory Council to the Prime Minister (EAC-PM).
      1) Shamika Ravi
      2) Sanjeev Sanyal
      3) Ratan Watal
      4) Poonam Gupta
      5) Neelkanth Mishra
      Answer-1) Shamika Ravi
      Explanation:
      Shamika Ravi, an Economics Professor and Researcher, has been appointed as a full-time Member of the Economic Advisory Council to the Prime Minister (EAC-PM) in the rank of the Secretary to the Government of India (GoI).
      i. She is currently a non-resident senior fellow of the governance studies program at the Brookings Institution in Washington D.C., United States of America (USA).
      ii. She had previously served as a part-time member of the EAC-PM from 2017 to 2019 and published extensively in peer-reviewed academic journals.

    8. In February 2023, the Reserve Bank of India (RBI) allowed DSP Investment Managers to increase their stake in _________ to 9.99% as part of investments made through various mutual fund schemes.
      1) Axis Bank
      2) Bandhan Bank
      3) DCB Bank
      4) Dhanlaxmi Bank
      5) CSB Bank
      Answer-3) DCB Bank
      Explanation:
      The Reserve Bank of India (RBI) has allowed DSP Investment Managers to hike their stake in DCB Bank Limited, a private sector scheduled commercial bank in India, to 9.99% as part of investments made through various mutual fund schemes.
      i. The approval is valid for a year up to February 2, 2024. Currently, DSP Mutual Fund holds 4.23 per cent of the bank.

    9. Which organisation has recently (in Feb ‘23) announced that the JUpiter ICy moons Explorer (Juice) mission is set to be launched in April 2023 to explore Jupiter and its three largest natural satellites?
      1) National Aeronautics and Space Administration (NASA)
      2) Indian Space Research Organisation (ISRO)
      3) Japan Aerospace Exploration Agency (JAXA)
      4) European Space Agency (ESA)
      5) Canadian Space Agency (CSA)
      Answer-4) European Space Agency (ESA)
      Explanation:
      European Space Agency (ESA)’s JUpiter ICy moons Explorer (Juice) mission which aims to explore Jupiter and its three largest natural satellites – Ganymede, Callisto and Europa, is set to be launched in April 2023 onboard Ariane 5 (launch vehicle) from Europe’s Spaceport at Kourou, French Guiana in South America.
      i. The Juice mission will make detailed observations of the giant gas planet and its three large ocean-bearing moons, Ganymede, Callisto and Europa, with a suite of remote sensing, geophysical and in situ instruments.
      ii. The Juice mission will also be the last ESA mission to launch on an Ariane 5 from ESA’s Spaceport in Kourou. After this launch, Ariane 6, the new heavy-lift launch system, will be used.

    10. When was the United Nations (UN)’s International Day of Zero Tolerance for Female Genital Mutilation (FGM) 2023 observed across the globe?
      1) 6th February 2023
      2) 5th February 2023
      3) 4th February 2023
      4) 7th February 2023
      5) 4th February 2023
      Answer-1) 6th February 2023
      Explanation:
      The United Nations (UN)’s International Day of Zero Tolerance for Female Genital Mutilation(FGM) is annually observed across the globe on February 6 to combat the horrific practice of female genital mutilation (FGM).
      • 6th February 2023 marks the 12th anniversary of the International Day of Zero Tolerance for Female Genital Mutilation.
      i. The theme of International Day of Zero Tolerance for Female Genital Mutilation 2023 is “Partnership with Men and Boys to transform Social and Gender Norms to End FGM”.
      • The theme for 2023 was launched by the United Nations Population Fund (UNFPA)- United Nations Children’s Fund (UNICEF) Joint Programme on the Elimination of Female Genital Mutilation: Delivering the Global Promise.