Daily GK and Current Affairs Quiz - 10th February 2023
Daily GK and Current Affairs Quiz –10th February 2023
Today’s Current Affairs Quiz. Important Current Affairs Questions – February 2023. Monthly Current Affairs PDF. LatestCurrent Affairs Questions for Banking and Insurance Exams 2023. Welcome to the Let’s Study Together (LST) online Current Affairs section. If you are preparing for Banking & Insurance, SSC, Railways, and other competitive exams, you will come across a section on Current Affairs. Here we are providing you with the “Current Affairs Quiz – 10th February 2023″ in PDF format based on the current events for your daily practice.
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Current Affairs Quiz –10th February 2023
In all Sarkari Exams/Govt Exams, Current Affairs Quiz which is asked generally framed on International News, National News, State News, Sports, Awards, Summits, Schemes, Books & Authors, Ranks & Reports, Important Days, Economy, Defence, Science & Technology, etc. To excel in the Current Affairs section of the competitive examinations you are required to cover Current Affairs Quiz in the above areas.
1. Recently, NaBFID, the infrastructure-focused lender is planning to issue a maiden bond issue of _____________ in the next quarter.
Explanation: India’s newly created infrastructure-financing institution is planning a maiden bond issue of $610 million in the next quarter, according to a senior official at the company. NaBFID, as the infrastructure-focused lender is called, plans to leverage the Government’s equity capital to the extent of ₹3-4 lakh crore through the issuance of Tier-1 and Tier-2 bonds.
India’s creaking infrastructure requires nearly $1 trillion in financing by 2025 and is a keystone of Prime Minister Narendra Modi’s agenda to accelerate economic growth. In the latest budget, the Government proposed raising capital spending by a third to ₹10 lakh crore, which will boost NaBFID’s agenda.
NaBFID plans to disburse between ₹1-1.5 lakh crore of loans from a pipeline of ₹50,000 crore worth of projects in the next quarter.
The lender was created with an initial capital of ₹20,000 crore and a grant of ₹5,000 crore through the Indian government’s 2021 budget to finance and “crowd in” capital into the country’s infrastructure projects.
2. Lendingkart, a firm that specializes in providing working capital loans announced the acquisition of digital lending platform ‘Upwards’ for _______________.
Explanation: Lendingkart, a firm that specializes in providing working capital loans announced the acquisition of digital lending platform ‘Upwards’ for ₹100 crore. The company management said that they believe that acquiring Upwards will align with its mission of providing finance to the underserved with the help of robust technology. Upwards founded in 2017 is a central bank-registered Non-Banking Financial Company (NBFC) committed to offering personal loans to salaried professionals. The company claims to cater to the needs of its customers by adding swift technology in the loan-buying process.
3. Scientists from the Smithsonian Astrophysical Observatory discovered another 12 moons, bringing the total number of Moons in Jupiter to _____________.
Explanation: The battle for the most known moons in the Solar System is raging on. After losing its lead to Saturn in 2019, Jupiter has once again surged ahead. Astronomers have counted 12 previously unknown moons in orbit around our Solar System’s biggest planet, bringing the known total to 92, and leaving Saturn, with its measly count of 83, in the dust. The orbits of the moons, which are unnamed, have been published in the circulars of the International Astronomical Union’s Minor Planet Center, which keeps records of all the small bodies discovered in the Solar System.
The observations were led by astronomer Scott Sheppard of Carnegie Institution for Science, who has spearheaded the discoveries after accidentally discovering a plethora of previously unknown Jovian moons during a hunt for the mysterious hypothetical Planet Nine in the outer Solar System. The details and confirmation of the new moons have been published quietly by the Minor Planet Center (MPC).
4. The Kerala government has announced a ________________ scheme to develop green hydrogen hubs in Trivandrum and Kochi.
Explanation: The Kerala government announced a scheme of Rs 200 crore for developing green hydrogen hubs at Trivandrum and Kochi. Kerala aims to become a 100 percent renewable energy-dependent state by 2040 and a net carbon-neutral state by 2050. The state has a favorable atmosphere for the production of green hydrogen. Green hydrogen which is produced using renewable energy will play an important role in eco-friendly development as hydrogen fuel can be used in long-haul vehicles and ships to reduce carbon emissions to great extent. The Minister also informed that a new Energy Park will be set up to utilize the possibilities of power generation from renewable sources.
An amount of Rs 10 crore is earmarked for an industrial park manufacturing EV batteries and allied equipment. An electric vehicle (EV) industrial park will be developed with the support of the Kerala Infrastructure Investment Fund Board (KIIFB). A consortium, including TTPL, VSSC, C-DAC, and TrEST, has been formed in the State for electric vehicle-related activities. The EV drive train testing lab set up under the aegis of the TrEST park will be operational by July 2023.
5. Markets regulator SEBI strengthened the framework for green bonds by introducing the concept of ‘blue’ and ‘yellow’ bonds as new modes of sustainable finance. Yellow bonds are associated with _______.
Explanation: Markets regulator SEBI strengthened the framework for green bonds by introducing the concept of ‘blue’ and ‘yellow’ bonds as new modes of sustainable finance. Blue bonds relate to water management and marine sector, while yellow bonds pertain to solar energy. These are sub-categories of green debt securities. As per the notification, the watchdog has strengthened the framework for green bonds by enhancing the scope of definition of green debt security by including new modes of sustainable finance in relation to pollution prevention and control and eco-efficient products.
These measures have been taken in the backdrop of increasing interest in sustainable finance in India as well as around the globe, and with a view to align the extant framework for green debt securities with the updated Green Bond Principles (GBP) recognised by IOSCO.
The regulatory framework defines Green Debt Securities as debt securities issued for raising funds that are to be utilised for projects or assets falling under certain categories.
Most of the green bonds issued by Indian issuers are listed on offshore exchanges as issuers are finding it more attractive to list on bourses falling outside Sebi’s framework.
6. NASA has appointed whom as chief of the Astronaut Office at the agency’s Johnson Space Center in Houston?
Explanation: The deputy chief of NASA Drew Feustel became the chief. However, his services recently ended and he was succeeded by the new chief Joe Acaba. The chief of NASA manages the resources of the organization, creates assignments, fixes deadlines, designs crew operation concepts, etc. Joe Acaba has spent more than 306 days in space. He served as a mission specialist and flight engineer. He has also participated in spacewalks. Also, he supported the first resupply spacecraft launched in 2012, the Dragon of SpaceX.
He is appointed by the President of the United States. The US Senate advises the President on making the appointment. The president has to get the consent of the senate before making the appointment.
NASA’s Chief acts as the Chief of the NASA Astronaut Corps as well. The NASA Astronaut Corps selects and trains the astronauts. As of December 2022, there were 41 active astronauts. OF these 16 are women and 25 are men. In the history of NASA, the year 2000 had the highest number of astronauts. There were 149 NASA astronauts in 2000.
7. The Indian Space Research Organisation (ISRO) partnered with which of the following to push forward the Gaganyaan mission?
Explanation: The Indian Space Research Organisation (ISRO) partnered with the Indian Navy to push forward the Gaganyaan mission. ISRO along with the Indian Navy carried out the initial recovery trials of the crew module that will splash down in the ocean after re-entering Earth’s atmosphere from space. The trials were conducted in the Water Survival Test Facility (WSTF) of the Indian Navy at Kochi. It envisages a demonstration of human spaceflight capability by launching crew of three members to an orbit of 400 km for a three-day mission and bring them back safely to earth, by landing in Indian sea waters.
A Crew Module Recovery Model (CMRM) that simulates the mass, center of gravity, outer dimensions, and externals of the actual Crew Module at touchdown was used for the trials.
The trials were part of the preparation for crew module recovery operations for the Gaganyaan mission that will be carried out in Indian waters with the participation of Indian Government agencies, the overall recovery operations being led by Indian Navy.
The sequence of operations required for the recovery of the Crew Module were carried out as part of the trials.
8. What is the rank of India’s national accreditation system under the Quality Council of India in the Global Quality Infrastructure Index (GQII) 2021?
Explanation: India’s national accreditation system under the Quality Council of India (QCI) has been ranked 5th in the world in the recent Global Quality Infrastructure Index (GQII) 2021. The GQII ranks the 184 economies in the world on the basis of the quality infrastructure (QI). The Quality Council of India (QCI) stated that it is proud to be acknowledged as one of the world’s top five accreditation systems. It noted that it would help pave the way for collaborations that aim to improve the quality of infrastructure.
India’s overall QI system ranking continues to be in the Top 10 at the 10th position, with the standardization system (under BIS) at 9th and the metrology system (under NPL-CSIR) at 21st position in the world.
According to the report, the top 25 countries in the world are mainly located in Asia-Pacific, North America, and Europe. Some of these include India, Australia, Turkey, and Brazil.
The methodology of the GQII rankings takes into account the data collected from various sources during the year. The 2021 rankings are based on data collected till the end of December 2021 and analysed through 2022.
This initiative is supported by various organizations such as Germany’s BMZ and the PTB. It aims to promote standardization, metrology, and related services.
Explanation: Lithium reserves have been discovered during exploration by the Geological Survey of India (GSI) in Jammu and Kashmir’s Reasi district. 5.9 million tonnes of Lithium reserves have been discovered for the first time in the country in Jammu and Kashmir. In the Salal-Haimana area of the Reasi District of Jammu & Kashmir, the Geological Survey of India has for the first time discovered lithium inferred resources (G3) of 5.9 million tonnes. During the 62nd Central Geological Programming Board (CGPB) meeting, this report and 15 other resource-bearing geological reports (G2 & G3 stage) and 35 Geological memorandums were handed over to respective state governments.
Out of these 51 mineral blocks, 5 blocks pertain to gold and other blocks pertain to commodities like potash, molybdenum, base metals, etc. These are spread across 11 states of Jammu & Kashmir (UT), Andhra Pradesh, Chhattisgarh, Gujarat, Jharkhand, Karnataka, Madhya Pradesh, Odisha, Rajasthan, Tamil Nadu, and Telangana. Lithium is a non-ferrous metal. It is one of the key components of electric vehicle batteries. The Central Geological Programming Board (CGPB) is an important platform of the Geological Survey of India (GSI), Ministry of Mines.
10. Recently, ISRO successfully launched the second developmental flight of the Small Satellite Launch Vehicle (SSLV-D2) with three satellites from Sriharikota, Andhra Pradesh. Name the three satellites that were launched with SSLV-D2 on February 2023.
Correct Answer: D. EOS-07, Janus-1, and AzaadiSAT-2
Explanation: The Indian Space Research Organisation (ISRO) successfully launched the second developmental flight of the Small Satellite Launch Vehicle (SSLV-D2) with three satellites on February 10, 2023, from Sriharikota, Andhra Pradesh. ISRO’s EOS-07, US-based firm Antaris’ Janus-1, and Chennai-based space startup SpaceKidz’s AzaadiSAT-2 – into a 450 km circular orbit during its 15-minute flight. With the new rocket in its portfolio, ISRO will have three rockets — Polar Satellite Launch Vehicle (PSLV) and its variants (cost about Rs 200 crore), Geosynchronous Satellite Launch Vehicle (GSLV-MkII cost about Rs 272 crore and LVM3 Rs 434 crore) and SSLV (Development cost of three rockets about Rs 56 crore each) and production cost may go down later.
11. What is the theme of World Pulses Day 2023 which is celebrated on February 10 to raise awareness about the nutritional and environmental benefits of pulses?
Pulses for a Sustainable Future
Nutritious Seeds for a Sustainable Future
Preserving agricultural heritage around the world
Pulses to empower youth in achieving sustainable agrifood systems
Explanation: Every year World Pulses Day is celebrated on February 10 with an aim to spread awareness about the nutritional and environmental benefits of pulses as part of sustainable food production. In 2019, the UN General Assembly dedicated a day to Pulses to increase awareness and access to pulses globally. Pulses also known as legumes, are considered as global foods, and are produced in almost every country. ‘Pulses for a Sustainable Future’ as the theme for the 2023 celebration. This year’s celebration will highlight the contribution of pulses towards improving soil productivity, increasing the resilience of farming systems, providing a better life for farmers in water-scarce environments, and more. Since pulses have a low water footprint and can better tolerate drought and climate-related disasters, they are imperative to sustainable food production.
12. The Reserve Bank of India decided to expand the scope of the TReDS platform allowing the use of insurance facilities. In this context, what is the full form of TReDS?
Correct Answer: B. Trade Receivable Discounting System
Explanation: The Reserve Bank of India decided to expand the scope of the Trade Receivable Discounting System or the TReDS platform allowing the use of insurance facilities, permitting entities eligible to undertake factoring business to participate as financiers on TReDS and allowing secondary market operations on the platform. The central bank’s decision is expected to boost trade of receivables increasing cash flows to MSMEs.
According to experts wider participation by more entities can keep the receivable discounting pricing under check as the volume on these platforms increases. Also, flexibility to allow re-discounting by existing holders of such discounted receivables will aid liquidity of participants.
Insurance coverage for the discounted receivables can also enhance the volumes and further reduce the pricing of such insured receivables, however the appetite of insurance companies to issue such coverage remains to be seen.
The expansion of the scope of TREDs platform serves to enhance the formalization of the lending eco-system for MSMEs.
Secondary market operations will allow financiers to offload their portfolio to other financiers, which would further enhance liquidity on the TREDs platform and, ultimately, for MSMEs.
13. India’s first glass Igloo restaurant was inaugurated in which state/UT?
Explanation: Glass igloo restaurant has been opened in the middle of the snow-covered mountains in Gulmarg and has become the center of attraction for tourists in the hill station in Kashmir. Tourists are seen enjoying their meals and taking photographs in the glass-wall restaurant. This unique glass igloo restaurant is developed by Kolahoi Green Heights, a hotel in Gulmarg. The hotel claims that it is the first glass igloo restaurant in the valley. It is worth noting that earlier they had built the valley’s first snow-covered restaurant.
According to Hotel Manager Hamid Masoudi, it has always taken unique measures to make Gulmarg attractive to tourists.
He said that in 2020, the hotel made the biggest Igloo in Asia, while in 2021, they made the biggest Igloo in the world and this year, they made a glass igloo, which is the first such igloo in Kashmir.
The restaurant has taken the concept from Finland and built three igloos in the courtyard of the hotel which was not seen anywhere before
Then they also built three igloos at phase one of Gulmarg which are very much appreciated by the visitors.
Imported fabricated material has been used for this unique igloo. This unique glass-fronted restaurant keeps the interior heat insulated as well as offers the best views.
Eight people can sit in it at a time in each of these glass igloos. The restaurant is trying to give a different kind of experience to tourists.
14. Which of the following became India’s first company to launch traffic management system for drones in India?
Explanation: Union Minister for Road Transport and Highways Nitin Gadkari unveiled Skye UTM, which is the most cutting-edge unmanned traffic management system in the world, which is capable of handling 4,000 flights per hour and 96,000 flights per day. Skye UTM is a Cloud-based aerial traffic management system that integrates unmanned air traffic with manned aviation airspace. Skye Air, a Gurugram-based drone solutions provider, launched traffic management system for drones in India.
Skye UTM has been built towards providing situational awareness, autonomous navigation, risk assessment, and traffic management to all drone/other aerial mobility operators across the airspace.
Emphasizing new technologies in the construction, infra, and highway sector, Union Minister Nitin Gadkari informed that it is the right time for Indian drone startups to lead the industry.
These drones are going to be used across sectors including construction, agriculture, healthcare, defense, infrastructure, surveying, real estate, and transport.
Drone companies will even monitor highways and road construction. There is a lot of research happening that will certainly help scale its usage.
The Ministry will soon invite participation from drone startups to be deployed for real-time monitoring and speed up highway constructions, and also keep a check on fatal road accidents.
According to Ankit Kumar, CEO of Skye Air, the requirement for situational awareness has become a necessity for drone pilots, regulators, and controllers who need real-time information about the drones in the sky.
Skye UTM has supported more than 300 successful BVLOS (Beyond Visual Line of Sight) drone flights to date.
The Skye UTM captures more than 255 parameters of UAV movements and stores them in its ‘Blackbox’ which is a published systematic description of the entire flight.
The platform offers the first 3D view of the drone airspace, along with operations and regulations mapping servers which offer the latest airspace status, and verified paths, and display real-time UAV movements.
15. NASA and ISRO, jointly developed an Earth-observation satellite, named ___________ got a send-off ceremony at the American space agency’s Jet Propulsion Laboratory.
Explanation: National Aeronautics and Space Administration (NASA) and the Indian Space Research Organisation (ISRO), jointly developed an Earth-observation satellite, called NISAR (NASA-ISRO Synthetic Aperture Radar), got a send-off ceremony at the American space agency’s Jet Propulsion Laboratory (JPL) in Southern California. ISRO will use NISAR for a variety of purposes including agricultural mapping, and monitoring of glaciers in the Himalayas, landslide-prone areas and changes in the coastline.
NISAR has been built by space agencies of the US and India under a partnership agreement signed in 2014. The 2,800 kilograms satellite consists of both L-band and S-band synthetic aperture radar (SAR) instruments, which makes it a dual-frequency imaging radar satellite.
While NASA has provided the L-band radar, GPS, a high-capacity solid-state recorder to store data, and a payload data subsystem, ISRO has provided the S-band radar, the GSLV launch system and spacecraft.
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