Current Affairs Quiz 9 February 2023
Current Affairs Quiz 9 February 2023 covers the major topics of 9th February 2023. The questions are designed as per the need of exams like UPSC, PCS, SSC, and major competitive exams in India.
1. “Climate Inequality Report 2023” released by
(A). World Inequality Lab
(B). United Nations Environment Programme (UNEP)
(C). World Bank (WB)
(D). Germenwatch
Show Answer
Correct Answer: (A)
Why this question?
Recently, World Inequality Lab released a “Climate Inequality Report 2023” report.
Key findings of the report:
- Global top 10% Carbon emitter generates almost 50% of Greenhouse Gases (GHG).
- Within a country, the difference between carbon emissions by rich and poor is now more significant than the differences in emissions between countries.
- Agricultural productivity has been declining due to climate change.
- The carbon budget important for eradicating poverty remains relatively limited compared to rising global’s top emitter footprints.
Suggestions given in the report:
- Dedicated resources for the production and collection of climate inequality statistics.
- Windfall taxes on excess profits could help to finance low carbon investment.
- Developing countries need to reform their domestic tax system to redistribute money.
2. Consider the following statements regarding Repo Rate:
- It is a rate at which RBI lends long-term funds to banks.
- A rise in Repo Rate by RBI reduces the money supply in the economy and helps to counter rising inflation.
(A). 1 only
(B). 2 only
(C). 1 and 2
(D). Neither 1 nor 2
Show Answer
Correct Answer: (B)
Why this question?
- Recently, the Reserve Bank of India (RBI) has increased the Repo Rate by 25 basis points to 6.5% to counter high core or underlying inflation.
What is Repo Rate?
- It is part of RBI’s Monetary policy to regulate the money supply in the economy.
- It is the rate at which RBI lends short-term funds to banks.
- An increase in the Repo rate by RBI inhibits banks from borrowing and reduces the amount of money in the market and helps to counter inflation.
3. Consider the following statements regarding Global International Biofuel Alliance (GIBA):
- It was launched by India during IEW 2023.
- The objective of this alliance is to create a favorable ecosystem for the development and deployment of biofuels as a clean mobility alternative.
(A). 1 only
(B). 2 only
(C). 1 and 2
(D). Neither 1 nor 2
Show Answer
Correct Answer: (C)
Why this question?
Recently, India launched the Global International Biofuel Alliance in the India Energy Week 2023.
What is Global International Biofuel Alliance (GIBA)?
- It was launched by India during “India Energy Week 2023″(IEW).
- GIBA will create a favorable ecosystem for the development and deployment of biofuels with stakeholders including Brazil, US, EU, IEA, etc, as a clean mobility alternative during India’s G20 presidency.
4. Which state has the highest contamination of uranium in its groundwater?
(A). Kerala
(B). Arunachal Pradesh
(C). Punjab
(D). Bihar
Show Answer
Correct Answer: (C)
Why this question?
- Recently, a survey conducted by the Central Ground Water Board (CGWB) in Delhi in which it found a high concentration of nitrates and uranium in parts of Delhi’s brackish water.
What is Brackish water?
- It is the water that is saltier than freshwater but not as salty as seawater.
What are nitrates?
- They are compounds with the chemical formula NO3.
- High concentration of nitrates in water is harmful to health, especially for children.
- The permissible limit of nitrates is 45 mg/l.
What is Uranium?
- It is a naturally occurring radioactive element.
- Its presence in groundwater can cause nephritis (kidney damage).
5. Consider the following statements regarding the Draft Vivad Se Vishwas-II scheme:
- It is a voluntary settlement scheme for contractual disputes of government and government undertakings, wherein the arbitral award is under challenge in the court.
- It will be implemented through Government e-Market (GeM).
- Both domestic and international arbitration will be covered under this scheme.
(A). 1 and 2 only
(B). 2 and 3 only
(C). 1 and 3 only
(D). 1, 2 and 3
Show Answer
Correct Answer: (A)
Why this question?
In Union Budget 2023-24, the scheme named “Vivad Se Vishwas (No Dispute but Trust) II scheme was launched.
What is Vivad Se Vishwas-II scheme?
- It is a voluntary settlement scheme for contractual disputes of government and government undertakings, wherein the arbitral award is under challenge in the court, announced during Union Budget 2023-24.
- It will be applicable to disputes where one of the parties is either government or its following bodies
- Centre’s autonomous bodies
- All Centre’s public sector enterprises
- UTs (including their agencies)
- Organization where the Centre has 50% stakes.
- This scheme will be implemented through Government e-Market (GeM).
- It will cover only domestic arbitration, not international arbitration.
6. What is Agnilet?
(A). It is a cruise missile developed by DRDO.
(B). An anti-malware developed by NIC to protect India’s critical assets.
(C). It is the world’s first 3D-printed semi-cryogenic rocket engine
(D). It is a military exercise conducted between India and the Philippines army.
Show Answer
Correct Answer: (C)
Why this question?
- Recently, an Indian space-tech startup “Agnikul-Cosmos” successfully test-fired the world’s first 3D-Printed rocket engine.
What is Agnilet?
- It is a semi-cryogenic 3D-printed rocket engine, which will power the company’s launch vehicle “Agnibaan” capable of carrying payloads of up to 100kg to a low-earth orbit.
- It uses a mixture of liquid kerosene at room temperature and super-cold liquid oxygen as fuel.
What is Agnikul-Cosmos?
- It is a space tech startup, incubated in IIT Madras, and has successfully unveiled India’spri first privately designed and developed rocket launchpad and mission control center at Sriharikota.
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