Current Affairs Questions and Answers 18 February 2024

18th February 2024 Current Affairs Questions And Answers: Here, we are providing the Current Affairs Questions and Answers for 18th February 2024. These types of topics are important for candidates who prepare for Bank Exam 2023. In this article, we are covering the following topics Headlines:

Quad bill in the US House of Representatives
MoU between India and Colombia
Defence Acquisition Council (DAC)
Sikkim INSPIRES program
PMJJBY and PMSBY schemes
Centre of Excellence for Nutritional Supplements Testing

18th February Current Affairs 2024 Quiz

The Current Affairs 2024 section constitutes a major part of the General Awareness section in a competitive examination and plays an instrumental role. To supplement your preparation for the General Awareness Section of the upcoming exams like IBPS PO/Clerk Mains, SBI PO Mains and SEBI Grade A Prelims, we are providing you 18th February Current Affairs 2024 Quiz covering the following topics Headlines: Quad bill in the US House of Representatives, MoU between India and Colombia, Defence Acquisition Council (DAC), Sikkim INSPIRES program, Brahmaputra River project in Assam, PMJJBY and PMSBY schemes.

Q1. Who introduced the Quad bill in the US House of Representatives?

(a) Congressman Gregory Meeks

(b) Congresswoman Ilhan Omar

(d) Congressman Kevin McCarthy

(e) Congresswoman Nancy Pelosi

Q2. What is the primary objective of the MoU between India and Colombia?

(a) Promoting digital entertainment

(b) Enhancing military cooperation

(d) Supporting agricultural development

(e) Facilitating tourism exchange

Q3. What was the year-on-year retail inflation rate in January 2024?

(a) 5.7%

(b) 5.69%

(d) 5.1%

(e) 4.2%

Q4. What is the total worth of the capital acquisition proposals approved by the Defence Acquisition Council (DAC) on February 16, 2024?

(a) Rs 84,560 crore

(b) Rs 80,000 crore

(d) Rs 100,000 crore

(e) Rs 75,000 crore

Q5. What is the name of the Hindu stone temple inaugurated by PM Modi in Abu Dhabi?

(a) Swaminarayan Temple

(b) BAPS Mandir

(d) Krishna Mandir

(e) Vishnu Temple

Q6. What is the significance of the amendments approved in the Defence Acquisition Procedure (DAP) 2020?

(a) To streamline procurement processes

(b) To increase transparency in defense procurement

(d) To reduce procurement costs

(e) None of the above

Q7. What milestone did Greece achieve with the legalization of same-sex marriage?

(a) Became the first Orthodox Christian nation to pass such a law.

(b) Became the 16th European Union country to legalize same-sex marriage.

(d) Became the 15th European Union country to legalize same-sex marriage.

(e) None of the above.

Q8. How many European Union countries had legalized same-sex marriage before Greece?

(a) 10

(b) 25

(d) 15

(e) 30

Q9. What is the primary objective of the APAAR ID discussed at the National Conference?

(a) To standardize student identification processes nationwide

(b) To promote international recognition of Indian students

(d) To establish a single educational authority for all students

(e) To enhance digital literacy among students

Q10. What is the objective of the Sikkim INSPIRES program approved by the World Bank?

(a) To provide jobs for 500,300 women and youth

(b) To train and upskill 300,500 women and youth

(d) To establish a manufacturing hub in Sikkim

(e) None of the above

Q11. What is the loan amount provided by the International Bank of Reconstruction and Development (IBRD) for the Sikkim INSPIRES program?

(a) $50 million

(b) $150 million

(d) $200 million

(e) $75 million

Q12. What is the total amount invested in unique startups through the Fund of Funds for Startups (FFS) scheme as of November 30, 2023?

(a) ₹12,345 crore

(b) ₹17,534 crore

(d) ₹20,000 crore

(e) ₹15,000 crore

Q13. How many Alternative Investment Funds (AIFs) have been sanctioned commitment out of the Fund of Funds for Startups (FFS) as per the report?

(a) 100 AIFs

(b) 150 AIFs

(d) 200 AIFs

(e) 129 AIFs

Q14. What is the primary purpose of the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) scheme?

(a) To provide health insurance coverage

(b) To offer term life insurance cover

(d) To offer education insurance

(e) To provide pension benefits

Q15. Which bank has launched a self-subscribing journey for enrolment under PMJJBY and PMSBY schemes?

(a) HDFC Bank

(b) ICICI Bank

(d) Axis Bank

(e) Punjab National Bank

Solutions

S1. Ans.(a)

Sol. Congressman Gregory Meeks introduced the Quad bill in the US House of Representatives.

S2. Ans.(c)

Sol. The primary objective of the MoU is to foster digital transformation through cooperation in sharing successful digital solutions, particularly focusing on India’s open-sourced Digital Public Infrastructures (DPIs).

S3. Ans.(d)

Sol. Retail inflation in January 2024 stood at 5.1%, marking a decline from 5.69% in December and 6.52% in January the previous year. This indicates a recent trend of moderation in consumer price growth.

S4. Ans.(a)

Sol. The DAC approved capital acquisition proposals worth Rs 84,560 crore on February 16, 2024, aimed at enhancing the capabilities of the Armed Forces and Indian Coast Guard, as per the press release by PIB Delhi.

S5. Ans.(b)

Sol. PM Modi inaugurated the Bochasanwasi Shri Akshar Purushottam Swaminarayan Sanstha (BAPS) Mandir in Abu Dhabi during his visit, marking a significant milestone in the cultural ties between India and the UAE.

S6. Ans.(c)

Sol. The amendments in the Defence Acquisition Procedure (DAP) 2020 aim to promote procurement of advanced technologies from start-ups and MSMEs developed under the Innovations for Defence Excellence (iDEX) and Technology Development Fund schemes, fostering a friendly defence start-up ecosystem.

S7. Ans.(a)

Sol. Greece became the first Orthodox Christian nation to legalize same-sex marriage, distinguishing itself from other EU countries and marking a significant shift in societal attitudes.

S8. Ans.(d)

Sol. Greece became the 16th European Union country to legalize same-sex marriage, joining a group of nations that had already taken steps towards LGBTQ+ equality.

S9. Ans.(a)

Sol. The APAAR ID aims to standardize student identification processes across the nation, making it easier for students to access educational services.

S10. Ans.(b)

Sol. The World Bank has approved a new project aimed at supporting the state of Sikkim in India. The project focuses on training, upskilling, and providing jobs for 300,500 women and youth in high-growth and priority sectors.

S11. Ans.(c)

Sol. The IBRD will provide a loan of $100 million for the Sikkim INSPIRES program, as mentioned in the announcement.

S12. Ans.(b)

Sol. ₹17,534 crore. According to the ‘Prabhaav’ impact study, this amount has been invested in 938 unique startups as of the specified date, showcasing the substantial impact of the FFS scheme in facilitating capital flow into the startup ecosystem.

S13. Ans.(e)

Sol. The ‘Prabhaav’ report highlights that 129 AIFs have been sanctioned commitment out of the FFS, indicating the scheme’s successful engagement with various investment entities to support startups.

S14. Ans.(b)

Sol. PMJJBY provides a one-year term life insurance cover, renewable annually, offering coverage for death due to any cause. It does not provide health insurance, unemployment benefits, education insurance, or pension benefits.

S15. Ans.(c)

Sol. SBI has introduced a digital enrollment process for Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) schemes, enabling customers to enroll conveniently without visiting branches or Customer Service Points.

18th February 2024 CA-Quiz-PDF

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