Current Affairs Quiz - February, 2023

Notes:
The Ministry of Housing and Urban Affairs signed a MoU with Engineers India Limited to develop Waste to Energy and bio-methanation projects in cities with a population of million plus.
It was signed as a part of furthering the ‘Green Growth’ agenda. There are 59 million plus cities in India and EIL will assist them in developing such projects for larger quantum of waste integrating circularity in waste management.

 

Notes:
US President Joe Biden recently delivered the State of the Union (SOTU) Address at the Joint Session of the Parliament in the US Capitol in Washington DC.
This is Biden’s second SOTU address. According to the country’s Constitution, the US President is required to deliver the state of the Union to Congress and recommend measures that he judges to be necessary and beneficial.

Notes:
The Trade Receivable Discounting System (TReDS) is an electronic platform that facilitates the financing or discounting, trading and settling invoices of the MSMEs.
The Reserve Bank of India (RBI) has decided to expand the scope of the TReDS to allow the use of insurance facilities. This will facilitate secondary market operations on the TReDS.

Notes:
The Reserve bank of India (RBI) has recently announced regulatory measures on climate risks and sustainable finance.
The new guidelines focused on creating a broad framework for promoting the acceptance of green deposits, a disclosure framework on financial risks associated with the climate crisis and guidelines for climate scenario analysis and stress testing.

Notes:
The Indian Armed Forces are looking to procure 18 armed Predator MQ 9A drones from the United States.
Of these 18 drones, six will be provided for each of the three armed forces. These unmanned aerial vehicles are capable of flying up to 50,000 feet for a maximum duration of 24 hours. It is capable of carrying air-to-ground missiles to target high-value ground targets or air-to-air missiles.

Notes:
According to production data of Food and Agriculture Organization Corporate Statistical Database (FAOSTAT), India ranks first in the world contributing twenty-four percent of global milk production in the year 2021-22.
The milk production of India has registered fifty-one percent increase between 2014-15 and 2021-22 and increased to twenty-two crore tonne in the year 2021-22.

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.

Notes:
The government of Rajasthan has allocated Rs 13,000 crore to implement ‘Eastern Rajasthan Canal Project’ during the recent state budget.
The objective of the Project is to harvest the surplus water collected during the rainy season in the Southern Rajasthan Rivers like Chambal and its tributaries like Kunnu, Parvati, and Kalisindh and transfer it to south- eastern districts.

Notes:
Nigeria has recently announced demonetization to address corruption and bring down inflation. Its purpose is to bring back most of the money that is in circulation outside the banking system and to minimize money laundering.
Nigerians are required to turn in their old 1,000, 500 and 200 naira banknotes as part of this initiative in return for new naira notes. With the African country being largely dependent on cash, the shortage of new naira notes is causing chaos in Nigeria.

Notes:
Aljamea-tus-Saifiyah is an Arabic academy that exclusively caters to the education of children belonging to the Dawoodi Bohra community.
Prime Minister Modi recently inaugurated a new Mumbai campus of the Aljamea-tus-Saifiyah. It is the second such campus in India. The first campus was set up in 1810 in Surat.