Current Affairs Quiz - February, 2023

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 US State Department gave the nod for the sale of M142 High Mobility Artillery Rocket System (HIMARS) launchers to Poland.
The HIMARS and the related equipment will be sold to Poland at a cost of around USD 10 billion. HIMARS (High Mobility Artillery Rocket System) is a type of artillery system that can fire long-range rockets with pinpoint accuracy. It has been used in the conflict between Ukraine and Russia.

Notes:
Prime Minister Narendra Modi dedicated to the nation Hindustan Aeronautics Limited (HAL) Helicopter Factory at Tumakuru in Karnataka.
The factory is India’s largest helicopter manufacturing facility and will initially produce LUHs. He also unveiled the Light Utility Helicopter (LUH). Initially, this factory will produce around 30 helicopters per year and can be enhanced to 60 and then 90 per year in a phased manner.

Notes:
Australian men’s T20 captain Aaron Finch announced his retirement from international cricket. The 36-year-old led Australia to its maiden T20 World Cup victory in 2021.
Aaron Finch has captained the team in 76 of the 103 T20 internationals he has played since debuting against England in 2011. He retired as Australia’s one-day skipper last September.

Notes:
A report titled ‘LiFE lessons from India’ was recently released by the International Energy Agency (IEA).
As per the report, the ‘Lifestyle for Environment’ or LiFE initiative of India for the adoption of energy-efficient behaviour can save the world USD 440 billion in 2030. As per the report, the saving would be equivalent to around 5% of all fuel spending across the global economy in that year.

Notes:
India signed a MoU with Indonesia-Malaysia-Thailand Growth Triangle Joint Business Council (IMT-GT JBC), to promote adoption of energy efficiency.
The MoU was signed during the Working group meeting of G20 on energy transition at Bengaluru. The MoU aims to further promote the adoption of energy efficiency and sustainable practices. Energy Efficiency Services Limited (EESL) signed MoU with IMT-GT JBC coinciding with the India Energy Week celebrations.

Notes:
QR code-based coin vending machine or QCVM has been announced as a part of the recently concluded RBI Monetary policy.
QCVM is intended to dispense coins similar to how ATMs dispense currency notes. Coins can be withdrawn using the UPI QR code in designated vending machines. RBI plans to launch the product in 19 locations across 12 cities.

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:
The Tanimbar corella, which is also referred to as Goffin’s cockatoo, is a type of cockatoo that is found exclusively in the forests of Yamdena, Larat, and Selaru islands in the Tanimbar Islands archipelago in Indonesia.
It was later introduced to the Kai Islands, Singapore, and Puerto Rico. A new study found that Goffin’s cockatoos are capable of combining multiple tools to achieve a complex task that is only been recorded in humans and chimpanzees.

Notes:
Presidents’ Day is a federal holiday in the US that is celebrated on the third Monday of February every year.
The holiday is a tribute to past US presidents, particularly George Washington, who was born on February 22.  The significance of the holiday is to pay tribute to the leaders who have served the country.