Current Affairs Questions and Answers 20 February 2024

20th February 2024 Current Affairs Questions And Answers: Here, we are providing the Current Affairs Questions and Answers for 20th 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:

EV charging stations in Karnataka
60th Munich Security Conference
Defence Acquisition Procedure (DAP) 2020
Non-Executive Part-time Chairman of ICICI Bank
India’s outward foreign direct investment (FDI)
India’s first spy satellite
ISRO’s Young Scientist Programme (YUVIKA)

20th 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 20th February Current Affairs 2024 Quiz covering the following topics Headlines: EV charging stations in Karnataka, 60th Munich Security Conference, Defence Acquisition Procedure (DAP) 2020, Non-Executive Part-time Chairman of ICICI Bank, India’s outward foreign direct investment (FDI), India’s first spy satellite, ISRO’s Young Scientist Programme (YUVIKA).

Q1. According to the statement by Minister Piyush Goyal, what is the value of crops procured at MSP by the government between 2014 and 2024?

(a) Rs. 18 lakh crore

(b) Rs. 15 lakh crore

(d) Rs. 12 lakh crore

(e) Rs. 25 lakh crore

Q2. Which cooperative societies are to be involved in the procurement process as per the proposal?

(a) FCI (Food Corporation of India) and SAIL (Steel Authority of India Limited)

(b) NABARD (National Bank for Agriculture and Rural Development) and SIDBI (Small Industries Development Bank of India)

(c) NCCF (National Cooperative Consumers Federation) and NAFED (National Agricultural Cooperative Marketing Federation of India)

(d) SEBI (Securities and Exchange Board of India) and IRDAI (Insurance Regulatory and Development Authority of India)

(e) RBI (Reserve Bank of India) and NPCI (National Payments Corporation of India)

Q3. What is the total number of public EV charging stations in Karnataka according to Bureau of Energy Efficiency statistics?

(a) 3,079

(b) 1,886

(d) 5,059

(e) 643

Q4. Which entity has installed the highest number of charging stations among private sector entities?

(a) Indian Oil Corporation

(b) Ujoy Technology

(d) Maharashtra State Electricity Distribution Co. Ltd.

(e) Kerala State Electricity Board

Q5. Which event did External Affairs Minister Dr. S Jaishankar attend in Germany recently?

(a) 60th Munich Economic Forum

(b) 60th Munich Security Conference

(d) 60th Munich Diplomatic Assembly

(e) 60th Munich Global Cooperation Symposium

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 is the duration of Mr. Pradeep Kumar Sinha’s tenure as the Non-Executive Part-time Chairman of ICICI Bank?

(a) 3 years

(b) 8 years

(d) 5 years

(e) 12 years

Q8. What was the percentage increase in India’s outward foreign direct investment (FDI) commitments in January 2024 compared to January 2023, based on RBI data?

(a) 15.7%

(b) 20.7%

(d) 30.7%

(e) 35.7%

Q9. What is the name of India’s first spy satellite developed by a domestic private player?

(a) ISRO-1

(b) TASS-1

(d) SPY-1

(e) TASL-1

Q10. What is the primary objective of ISRO’s Young Scientist Programme (YUVIKA)?

(a) To impart advanced knowledge in space science to school children.

(b) To provide practical training in space technology to college students.

(d) To conduct research expeditions to celestial bodies.

(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. What type of wood was selected for the construction of the LignoSat probe?

(a) Oak

(b) Pine

(d) Magnolia

(e) Teak

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. Who clinched the decisive match securing India’s historic gold medal at the Badminton Asia Team Championships 2024?

(a) PV Sindhu

(b) Treesa Jolly

(d) Supanida Katethong

(e) Anmol Kharb

Solutions

S1. Ans.(a)

Sol. Minister Piyush Goyal mentioned that between the years 2014 and 2024, the government procured crops worth Rs. 18 lakh crore at Minimum Support Prices (MSP), indicating a significant investment in supporting agricultural producers during this period.

S2. Ans.(c)

Sol. The proposal entails the involvement of cooperative societies such as the National Cooperative Consumers Federation (NCCF) and the National Agricultural Cooperative Marketing Federation of India (NAFED) in entering into contracts with farmers for the procurement of crops at Minimum Support Prices (MSP).

S3. Ans.(d)

Sol. According to the Bureau of Energy Efficiency (BEE) statistics, Karnataka leads in public EV charging stations with a total of 5,059 stations.

S4. Ans.(b)

Sol. Among private sector entities, Ujoy Technology has established the highest number of charging stations, with 7,176 stations.

S5. Ans.(b)

Sol. External Affairs Minister Dr S Jaishankar is attending the 60th Munich Security Conference in Germany. As part of the conference, Dr Jaishankar will address a panel discussion on ‘Growing the Pie: Seizing Shared Opportunities, today. German Foreign Minister Annalena Baerbock, and US Secretary of State Blinken will also take part in the panel discussion along with the External Affairs Minister.

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.(d)

Sol. Mr. Pradeep Kumar Sinha’s tenure as the Non-Executive Part-time Chairman of ICICI Bank is for a period until February 16, 2029.

S8. Ans.(c)

Sol. The correct percentage increase in India’s outward FDI commitments in January 2024 compared to January 2023, as per RBI data, is 25.7%.

S9. Ans.(e)

Sol. Tata Advanced Systems Ltd (TASL) developed India’s first spy satellite, marking a significant achievement in domestic space technology.

S10. Ans.(c)

Sol. The main aim of YUVIKA is to create awareness about emerging trends in space science and technology among school children.

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.(d)

Sol. Magnolia wood was chosen for its robustness and suitability for space environments. Through extensive testing, researchers determined that magnolia wood exhibits the necessary durability and resistance to degradation in the vacuum of space.

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.(e)

Sol. Anmol Kharb delivered a stellar performance in the decisive match, securing India’s maiden continental triumph at the Badminton Asia Team Championships 2024. Her outstanding performance against a significantly higher-ranked opponent highlighted her maturity and talent, crucial for clinching the gold medal.

20th February 2024 CA-Quiz-PDF

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