24th February 2023 Current Affairs Quiz Questions and Answers

24th February 2023 Current Affairs Quiz: Practice the below provided top 20 current affairs questions which are very useful for your exam preparation. Along with answers, we have also provided clear explanation to give you complete idea about the topic. If you are looking for day-wise or month-wise current affairs then check the following link Daily Current Affairs Quiz.

Top 20 Current Affairs Questions and Answers of 24th Feb 2023

1. What is the significance of Central Excise Day?

A) To celebrate the contributions of CBIC

B) To promote tax evasion

C) To highlight the importance of following customs regulations

D) Both A and C

Ans: D

Explanation: Central Excise Day is an important day that is celebrated in India to honor the contributions of the Central Board of Indirect Taxes and Customs (CBIC) and to raise awareness about the significance of following customs regulations.

2. What is the CBIC’s responsibility?

A) To ensure individuals comply with Central Excise and Customs regulations

B) To promote corruption in manufacturing industries

C) To prevent individuals from paying taxes

D) None of the above

Ans: A

Explanation: The CBIC, or the Central Board of Indirect Taxes and Customs, has the primary responsibility of ensuring that individuals comply with Central Excise and Customs regulations in India. This means that they oversee the collection of taxes, the enforcement of trade regulations, and the prevention of illegal activities related to customs and excise. It is not their responsibility to promote corruption or prevent individuals from paying taxes.

3. What are some of Ajay Banga’s notable skills?

A) Guiding organizations through significant transformation

B) Mobilizing public-private resources

C) Handling global challenges like climate change

D) All of the above

Ans: D

Explanation: Ajay Banga, the former CEO of Mastercard, is known for possessing a diverse set of notable skills. One of his key strengths is guiding organizations through significant transformation. He has led Mastercard through significant changes, including the company’s shift to a digital-first strategy. Additionally, he is known for his ability to mobilize public-private resources to achieve goals, which has enabled him to forge partnerships with various organizations and governments. Finally, he has been recognized for his leadership in addressing global challenges like climate change. 

4. Why is Ajay Banga considered an exceptional candidate for leading the World Bank?

A) He has a proven track record of establishing and managing thriving global corporations

B) He has experience in guiding organizations through periods of significant transformation

C) He has expertise in handling global challenges like climate change

D) All of the above

Ans: D

Explanation: Ajay Banga is considered an exceptional candidate for leading the World Bank due to his exceptional qualifications and experience. Firstly, he has a proven track record of establishing and managing thriving global corporations, most notably during his tenure as CEO of Mastercard. This experience has given him a deep understanding of global markets and economics. Secondly, he has experience in guiding organizations through periods of significant transformation, which would be a valuable asset to the World Bank as it seeks to address global challenges.

5. What is the name of the online payment system of Singapore that State Bank of India (SBI) has partnered with for cross-border payments?

A) PayLater

B) PayEase

C) PayNow

D) PayFast

Ans: C

Explanation: The State Bank of India (SBI) has partnered with an online payment system in Singapore for cross-border payments. The name of this online payment system is PayNow. PayNow is a real-time payment system that allows users to transfer funds instantly using just a mobile number or NRIC/FIN (National Registration Identity Card/Foreign Identification Number). By partnering with PayNow, SBI is able to provide a fast and convenient payment solution to its customers, especially those who need to make cross-border payments between India and Singapore

6. How can users transfer funds from India to Singapore using SBI’s Bhim SBIPay mobile application?

A) Through email addresses

B) Via registered mobile numbers

C) Through UPI ID

D) Via physical bank branches

Ans: B

Explanation: Users can transfer funds from India to Singapore using SBI’s Bhim SBIPay mobile application in a few simple steps. First, the user must download the Bhim SBIPay app from the app store and register their account. Once their account is set up, the user needs to link their SBI bank account to the app.

7. What is Momentum 2.0?

A) A smart card for metro commuters

B) A new metro line introduced by DMRC

C) A virtual shopping app launched by DMRC

D) A feeder bus service for metro stations

Ans: C

Explanation: Momentum 2.0 is a strategic plan initiated by the University of Oregon to strengthen and grow the institution in a variety of ways. It is an ambitious plan that focuses on investing in areas that will have the greatest impact on the university’s future. Momentum 2.0 has several key goals, including increasing enrollment, expanding research capabilities, enhancing the student experience, and improving the university’s financial sustainability.

8. What services can commuters access through Momentum 2.0?

A) Digital lockers, e-shopping, and last-mile connectivity options

B) Car rental services and movie ticket bookings

C) Food delivery and laundry services

D) Beauty and grooming services

Ans: A

Explanation: To achieve these goals, Momentum 2.0 includes a range of initiatives such as building new facilities, investing in research programs, expanding scholarship opportunities, and improving infrastructure. The plan also aims to create new partnerships and collaborations with other organizations to increase funding opportunities and support innovative research.

9. What are Smart Boxes?

A) A new line of metro coaches

B) Automated ticket vending machines at metro stations

C) Smart cards for metro commuters

D) Digital lockers installed by DMRC at select stations

Ans: D

Explanation: Smart Boxes are a type of advanced packaging technology that incorporates various features to enhance the safety and security of shipped items. They are designed to protect high-value, fragile, or temperature-sensitive products during transportation and storage.

10. What instant features can commuters access through Momentum 2.0?

A) Booking bikes, e-rickshaws, and cabs

B) Accessing movie reviews and ratings

C) Ordering food and groceries online

D) Booking flights and hotels

Ans: A

Explanation: Smart Boxes is that they enable companies to monitor and track their products in real-time, providing valuable insights into the condition and location of the items. This information can help companies optimize their supply chain processes and improve customer service by providing accurate delivery estimates

11. What is MPLADS?

A) Members of Parliament Local Area Development Scheme

B) Ministry of Statistics & Programme Implementation

C) MoSPI

D) All of the above

Ans: A

Explanation: MPLADS stands for Members of Parliament Local Area Development Scheme. It is a scheme in India that was launched in 1993 to provide Members of Parliament with funds to execute developmental works in their constituencies.

12. Who won the Argentina Open tennis Tournament?

A) Rafael Nadal

B) Cameron Norrie

C) Carlos Alcaraz

D) Novak Djokovic

Ans: C

Explanation: Carlos Alcaraz, the top-seeded Spanish player, won the Argentina Open tennis Tournament by beating Cameron Norrie in straight sets.

13. When did Carlos Alcaraz miss the Australian Open?

A) November 2022

B) January 2022

C) December 2021

D) October 2022

Ans: B

Explanation: Carlos Alcaraz missed the Australian Open due to abdominal and hamstring injuries. It was his first ATP tournament since November 2022.

14. Who presented the Sangeet Natak Akademi’s Fellowships and Awards for the years 2019, 2020, and 2021?

A) Arjun Ram Meghwal

B) G. Kishan Reddy

C) Droupadi Murmu

D) Dr. Sandhya Purecha

Ans: C

Explanation: The President of India, Droupadi Murmu, presented the Sangeet Natak Akademi’s Fellowships and Awards for the years 2019, 2020, and 2021 in New Delhi on 23rd February 2023.

15. What is the name of the satellite launched by China recently?

A) Zhongxing-26

B) Long March 3B

C) China Academy of Space Technology

D) Broadband Connectivity

Ans: A

Explanation: China launched the Zhongxing-26 satellite recently at a cost of 333 million USD. Its main objective is to provide broadband connectivity for aviation and ship-related operations.

16. What is the Agriculture Innovation Mission for Climate?

A) A joint initiative of UAE and USA

B) A global initiative to address hunger and climate change

C) An innovative agricultural system

D) A private organization

Ans: B

Explanation: The Agriculture Innovation Mission for Climate is a joint initiative of UAE and USA. The main objective of the initiative is to address hunger and climate change by inviting countries and other private organizations to invest in innovative and climate-smart agricultural systems.

17. Who is the former World Bank President that resigned before completing his term due to climate-related controversies?

A) Jim Yong Kim

B) David Malpass

C) Robert Zoellick

D) Paul Wolfowitz

Ans: B

Explanation: David Malpass was the former World Bank President who resigned before completing his term due to climate-related controversies. He was appointed as the 13th President of the World Bank Group in April 2019 and resigned in March 2022.

18. How many members voted in favour of the recent resolution of peace in Ukraine at the United Nations?

A) 121

B) 131

C) 141

D) 151

Ans: C

Explanation: Out of the 193 member countries in the United Nations, 141 members voted in favour of the resolution of peace in Ukraine.

19. Which country has overtaken India to become the world’s sixth-largest stock market?

A) China

B) Japan

C) UK

D) USA

Ans: C

Explanation: According to recent reports, the UK has overtaken India to become the world’s sixth-largest stock market with a market capitalization of $3.11 trillion.

 

20. What is the leading cause of maternal deaths during pregnancy or childbirth?

A) Malaria

B) HIV/AIDS

C) Hemorrhage

D) Tuberculosis

Ans: C

Explanation: Hemorrhage or excessive bleeding is the leading cause of maternal deaths during pregnancy or childbirth. According to the WHO, a woman dies during pregnancy or childbirth every 2 minutes.

We hope the above provided “24th February 2023 Current Affairs Quiz” questions and answers are useful for you exam preparation. Keep visiting Freshersnow.com for regular current affairs updates.