Current Affairs Quiz - February, 2023

Notes:
India’s first ring metro corridor is expected to be operationalized in 2024 in Delhi. The Majlis Park-Maujpur corridor will be the first and only ring metro corridor in India.
The total length of this ring metro corridor is 71.15 km and it will have a total of 8 stations. This ring metro corridor is expected to ease travel for passengers from Faridabad, Noida, Ghaziabad, and Bahadurgarh.

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:
The Munich Security Conference is an annual conference that focuses on global security issues. It brings senior politicians and military leaders from across the world to Germany’s Munich.
In the 2023 conference, which was held recently, a major focus was given to the war in Ukraine. For the first time in many years, Russia did not send a delegation to this event.

Notes:
Lavani folk art is a traditional art form in which women dancers wearing brightly coloured sarees, perform on stage before live audience. This indigenous art form gained popularity during the Peshwa era in the 18th century.
There are various sub-genres of Lavani. The most popular among them is the Shringarik or the erotic kind. A younger generation of women dancers is accused of vulgarising the traditional folk-art form.

Notes:
The Mukaab is a new development project that has been announced by Saudi Arabia’s Crown Prince and Prime Minister Mohammed bin Salman.
The ambitious plan aims to build the largest inner-city building in the world named ‘The Mukaab’ in Riyadh, the country’s capital. It aims to develop the world’s largest modern downtown in Riyadh in line with Saudi Vision 2030.

Notes:
First loss default guarantee (FLDG) arrangement allowed fin-tech companies to provide a guarantee to compensate for up to a certain percentage of default in a loan portfolio.
The RBI has banned the FLDG arrangement under its digital lending guidelines due to concerns regarding fin-techs taking on default risks without regulation. Fintech lenders are exploring alternative business models.

Notes:
The AMASR (Amendment) Bill is a proposed legislation that aims to make several changes to the Ancient Monuments and Archaeological Sites and Remains (AMASR) Act.
The Act regulates the preservation of historical monuments and archaeological sites. It seeks to redefine the current definition of a ‘monument’ which currently requires it to be at least 100 years old.

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 Urban 20 (U20) Engagement Group held its inaugural event in Ahmedabad, attended by more than 70 delegates from 42 cities. This is the largest recorded attendance since the inception of U20.
The U20 meeting focused on the role of cities in economic prosperity and ecological harmony. The meeting aimed to equip city governments with on-ground solutions to close the gap between policy and practice.

Notes:
Tribeni Kumbho Mohotshav is an age-old festival that is celebrated on the banks of Ganga River. However, it was stopped 700 years ago and revived only 2 years ago by locals.
Its origins can be traced back to thousands of years and it finds mention in Bengali literary works like Mangalakavya, Vaishnava literature, Shakta literature and others. Various Bengali traditional genres like Kirtan, Baul, Godiyo Nritto, Sree-Khol, Poter Gaan, and Chou-Nach were included.