Current Affairs Quiz - February, 2023

Notes:
Paytm Payments Bank Limited (PPBL) has enabled UPI LITE, a feature designed by National Payments Corporation of India (NPCI).
With this launch, PPBL has become the first payments bank to launch the feature. A UPI LITE wallet allows a user to do instant transactions of up to ₹200. A maximum of ₹2,000 can be added twice in a day to UPI LITE, making the cumulative daily usage up to ₹4,000.

Notes:
A preliminary report on the recent Yeti Airlines crash in Nepal revealed that the plane’s propellers were found in an unusual ‘feathered position’.
Feathering is part of the checklist that needs to be followed when faced with emergencies such as a forced landing. This report assessed that this might have occurred because of a human error. All 72 people aboard the plane, including 68 passengers and 4 crew members, lost their lives in the crash.

Notes:
The Hwasong-15 intercontinental ballistic missile (ICBM) has been recently launched at Pyongyang International Airport, in North Korea.
South Korea alleged that North Korea could test-fire intercontinental ballistic missiles on a lower, longer trajectory and conduct its seventh nuclear test this year. North Korea has so far conducted ICBM tests only on lofted trajectories.

Notes:
The third phase of ‘Sagar Parikrama’ initiative, which aims to resolve fishermen issues, is set to begin in Gujarat.
Sagar Parikrama is a journey across the coastal belt demonstrating solidarity with all fisherpersons, fish farmers as a spirit of 75th Azadi Ka Amrit Mahotsav. It is an initiative of Government of India, aiming to resolve the issues of the fishers and other stakeholders and facilitate their economic upliftment.

Notes:
Delhi Government’s Feed Back Unit (FBU) was instituted in 2015. It is responsible for gathering ‘relevant information and actionable feedback’ related to the functioning of the government bodies and autonomous institutes in the Delhi government’s jurisdiction.
The FBU is also responsible for conducting sting operations or trap cases. Its personnel are known as intelligence assets and it directly answers to the Chief Minister’s Office. It is being criticized for being extra-judicial body that answers to only one individual.

Notes:
The Reserve Bank of India (RBI) recently released draft guidelines on minimum capital requirements for market risk in accordance with Basel III standards.
These guidelines set boundaries between the trading book and banking book of banks, and specify instruments that will be subject to market risk capital requirements and those subject to credit risk capital requirements.

Notes:
Mpox virus is an orthopoxvirus that causes monkeypox or mpox, a disease that has symptoms similar to smallpox but less severe.
This pathogen is deadly in 15 percent of affected people and it was largely confined to Africa. A severe form of this virus has been found in immunosuppressed people living with the advanced stage of HIV.

Notes:
According to Kenya’s National Green Fiscal Incentives Policy Framework, the government is planning to introduce a traffic congestion charge and a new tax for manufacturers who emit significant amounts of carbon.
The purpose of this proposal is to reduce carbon emissions, alleviate air pollution, and tackle traffic congestion in major cities and towns.

Notes:
The Institute for Competitiveness released the second edition of the Foundational Literacy and Numeracy Index 2022. It measures the literacy of children below the age of 10.
The index measures states based on five key parameters including educational infrastructure, access to education, basic health, learning outcomes, and governance. It ranked West Bengal as the top performer and Uttar Pradesh as the lowest among large state category.

Notes:
The United States and South Korea recently conducted a simulated table-top exercise called DSC TTX.
It is aimed at determining actions to be taken in the event of a possible nuclear attack by North Korea. The exercise was the eighth edition of the US and South Korean deterrence strategy committee table-top exercise.