Current Affairs Quiz - February, 2024

Notes:
The Ministry of Finance released a report titled The Indian Economy: A Review in January 2024. The report was released a few days before the Union Budget for 2024-25 was presented in Parliament on February 1. The Ministry of Finance is made up of five divisions: Economic Affairs, Revenue, Expenditures, Investment and Public Asset Management, and Financial Services.

Notes:
StartupShala, launched by the Department for Promotion of Industry and Internal Trade (DPIIT), features the Flagship Accelerator Program. Designed to propel early-stage startups, the program aims to expedite their growth by furnishing resources and opportunities. Through a vast network of partners spanning incubation centers, educational institutions, and corporate entities, startups benefit from diverse facilities and resources, elevating their journey to the next level of success.

Notes:
Five countries officially joined the BRICS group: Saudi Arabia, Egypt, United Arab Emirates, Iran, and Ethiopia. The countries were invited to join the group in August 2023, after the 15th BRICS Summit in Johannesburg, South Africa. Argentina was also invited but backed out at the end of December. BRICS is an acronym for the emerging national economies of Brazil, Russia, India, China, and South Africa. The term was originally coined in 2001 as “BRIC” by the Goldman Sachs economist Jim O’Neill.

Notes:
The 37th Surajkund International Crafts Mela 2024 will feature Gujarat as the theme state. The fair will take place from February 2–18, 2024 in Surajkund, Faridabad. The fair complex, including decorations and stalls, will reflect the rich heritage of Gujarati culture. The event will also feature artists and cultural groups from 20 Indian states and multiple countries. The Surajkund Mela is organized annually by the Haryana Tourism Department. The town of Surajkund is known for its picturesque surroundings and is easily accessible from Delhi and other major cities in the region.

Notes:
Researchers have discovered a new frog species, Sphaerotheca varshaabhu, thriving in Bengaluru’s urban landscape. Named for its rain-loving behavior, the amphibian emerges from burrows during early showers. With unique characteristics, it adapts to urban challenges, displaying behaviors and physical attributes that set it apart. The team employed genetic analysis, morphological studies, and bioacoustics to confirm its distinctiveness from known frog species.

Notes:
A recent discussion between the United States and China have focused on joint efforts to combat the influx of fentanyl into the U.S. Fentanyl, a potent synthetic opioid (a type of drug), has wreaked havoc in America and is linked to ingredients produced in China. The drug, 50 times stronger than heroin and 100 times stronger than morphine, is FDA (Food and Drug Administration) -approved for severe pain but is also illegally manufactured and sold recreationally, often mixed with other drugs, posing a high risk of addiction and fatality in large doses or when combined.

Notes:
Karnataka secured the Nagesh Trophy in the Men’s National T20 Cricket Tournament for the Blind 2023-24, triumphing over Andhra Pradesh by nine wickets in a thrilling final in Nagpur. The win ended Karnataka’s 20-year national title drought, highlighting the remarkable talent, resilience, and determination of visually impaired cricketers. The victory not only celebrated their sporting prowess but also emphasized the spirit that defines blind cricket as a testament to overcoming challenges.

Notes:
India has unveiled an interim budget of 14 billion for Jammu and Kashmir, marking a significant commitment to the region’s economic development. The proposed budget of Rs 1.18 lakh crore (14.16 billion) surpasses IMF’s financial aid to Pakistan by 4.72 times, emphasizing India’s dedication to the growth and stability of Jammu and Kashmir. This announcement coincided with Pakistan’s “Kashmir Solidarity Day,” showcasing India’s robust financial support for the region.

Notes:
Ahmed Awad bin Mubarak became the prime minister of Yemen. He is also the country’s Foreign Minister and was previously the Yemenian Ambassador to the United States.

Notes:
A 390-year-old Deepastambham (lamp post) was discovered on the River Krishna’s edge in Nalgonda district, Telangana. Standing at 20 feet, the pillar with lamp hollows and a multilingual inscription dates back to June 1635, dedicated to Kasi Viswanatha. Uncommon in the Deccan region but prevalent in west coast temples like Goa, it served as a potential riverine trade route lighthouse, fostering trade connections in early medieval times.