Current Affairs Quiz - February, 2023

Notes:
The India Energy Week is being organized from February 6 to 8 in India. The objective of this week-long event is to showcase India’s influence as a leader in the energy transition.
While inaugurating the 2023 India Energy Week, Prime Minister Modi launched Indian Oil’s ‘Unbottled’ initiative, which involves using recycled polyester and cotton for creating retail customer attendants and LPG delivery personnel uniforms. Indian Oil’s Indoor Solar Cooking System was also rolled out for commercial purposes.

Notes:
A new species of frog known as the Ukaguru spiny-throated reed frog has been discovered in African country Tanzania.
The frog has an uncommon characteristic of being completely silent, unlike other frogs that croak, sing, or ribbit. This frog belongs to the ‘spiny-throated’ group. They are only found in small populations, making them vulnerable to extinction.

Notes:
As per the CITES (the Convention on International Trade in Endangered Species of Wild Fauna and Flora) trade database, 28 incidents of Red Sanders confiscation, seizure, and specimen were exported from India.
These consignments were exported to China (53.5%), Hong Kong (25.0%), Singapore (17.8%) and the United States of America (3.5%) from 2016 to 2020. Red Sanders (Pterocarpus santalinus) or red sandalwood, is an endemic tree species with distribution restricted to the Eastern Ghats of India and is found in Andhra Pradesh.

Notes:
Saudi Arabia was confirmed as the host of football’s 2027 Asian Cup Tournament at the Asian Football Confederation Congress in Bahrain.
Saudi was the only bid presented at the Congress after India’s withdrawal in December 2022. Qatar will host the next edition of the Asian Cup, from June 26 to July 16, 2023. Qatar will become the first country to host three Asian Cups, after 1988 and 2011.

Notes:
Bangladesh recorded a 7.10 percent GDP growth rate for the Financial Year (FY) 2022 which marks an increase from 6.94 percent in FY 2021 and 3.45 percent in FY 2020.
As per the Bangladesh Bureau of Statistics (BBS), the per capita income of Bangladesh is USD 2793. The service sector in the Bangladesh economy has the highest share of 51.48 percent.

Notes:
The US and Brazil, two of the world’s largest biofuels markets, are joining an India-led initiative of International Biofuels Alliance.
The Alliance will aim to boost demand for the lower-emissions energy source. India has also earmarked 350 billion rupees (USD 4.3 billion) in its union budget to promote energy security.

Notes:
Former US secretary of state Hillary Clinton announced a Global Climate Resilience Fund of 50 million dollars for women to fight climate change.
She announced the fund while addressing salt pan workers near Kuda village in Gujarat’s Surendranagar district. The fund will empower women and communities to fight climate change and help provide new livelihood resources and education.

Notes:
The government has set up a special committee to examine the need for a separate competition law for digital companies.
Chaired by Corporate Affairs Secretary Manoj Govil, the committee will review whether existing antitrust laws in the country are equipped to deal with the challenges that have emerged from the digital economy, and submit to the government a draft Digital Competition Act within three months.

Notes:
‘World Pulses Day’ is observed on February 10 to raise global awareness about the importance of pulses as a stable global food source that delivers nutritional and environmental security across the world.
The theme for World Pulses Day 2023 is ‘Pulses for a Sustainable Future’.

Notes:
US Federal Reserve, the country’s central bank recently introduced Wall Street bank stress-test scenarios.
The central bank will examine the ability of the 23 biggest US lenders to withstand crisis conditions without degrading their capital. For the first time, the so-called stress test will feature an ‘exploratory market shock’ to the trading books of the largest and most complex banks.