Current Affairs Quiz - February, 2020

Notes:
The Reserve Bank of India (RBI) recently released its statement on developmental and regulatory policies, along with the February 2020 Monetary policy statement.
In the statement, the central bank announced about the launch of Digital Payments Index (DPI), which will assess the digitalisation of payments in the country. The DPI will accurately measure the penetration of digital payment modes among the general public of the country. The index is proposed to be launched from July 2020.

Notes:
The Nutan International Theatre Festival (NITF) began on Feb 1 in Jammu and has veen a big it. This is first time in history of Jammu & Kashmir that a theatre festival of international repute was organized here.

Notes:
Pranash is the name of India’s 200-km strike range tactical ballistic missile which is currently under development by DRDO. This missile is advanced version of the 150-km strike range Prahar missile. Pranash will be a surface-to- surface ballistic missile and will be used by Air Force and Army.

Notes:
Christina Koch has set the record for the longest stay in space by a woman. The U.S. astronaut landed in Kazakhstan on February 6 after 328 days on the International Space Station (ISS).

Notes:
The state government of Kerala has recently unveiled a scheme to establish hotels to provide meals at subsidised rates called ‘Kudumbashree’ hotels. The announcement was made during the presentation of state’s budget.
The hotels are to be set up in in each of the 1034 local bodies and Kerala meals is to be available at a subsidised price of Rs 25. Kudumbashree is an initiative of the state government for poverty eradication and women empowerment.

Notes:
The Scheduled Castes and the Scheduled Tribes (Prevention of Atrocities) Act of 1989 was legislated to protect the scheduled communities from harassments and atrocities.
In March 2018, the Supreme court gave a judgement diluting the original act and it even granted anticipatory bail for those booked in the atrocity case. After huge protest, the government amended the original act and passed the SC/ST (Prevention of Atrocities) Amendment Act, 2018. This amendment has been upheld by the apex court.

Notes:
Recently, the Oscar award for best feature-length documentary was presented to ‘American Factory’. It was the first documentary released by Barack and Michelle Obama’s production company named ‘Higher Ground’.
The documentary film was released in the Netflix, and it is about an Ohio auto glass factory that is run by a Chinese investor, who employs American and Chinese workers. Many global issues such as the rights of workers, globalization and automation are focussed in the film.

Notes:
The first cultural festival called ‘Jerusalem-Mumbai Festival’ is set to be hosted by India, in Mumbai, Maharashtra. The festival is celebrated to promote the ties between India and Israel.
This is the first such joint event for Jerusalem in an Asian city. The two-day festival commences on February 15 and comprises of several art and cultural events to showcase the tradition of both countries.

Notes:
State Bank of India (SBI) recently partnered with the mobile phone manufacturer Realme, to offer credit facilities. The partnership is made under the bank’s electronic lending product- Electronic Dealer Financing Scheme (e-DFS).
Under this MoU, the dealers and distributors of Realme would get access to credit facilities at low interest rates and minimum collateral. The inventory transactions could also be reported real-time, using the product.

Notes:
The United States Trade Representative’s (USTR’s) office has recently classified India as a developed economy and it is ineligible for GSP benefits from the US.
The Generalized System of Preferences (GSP) scheme offers a lower tariff to the exporters of a select group of developing countries. India is the largest beneficiary nation under the GSP, which enjoyed a tariff-free access to the US, till last June.