Current Affairs Quiz: February 23, 2017

The Current Affairs Quiz for 23 February 2017 has been framed from various Newspapers of the same day. Check if you have read the Newspaper properly today by answering the questions of our Current Affairs Quiz. It will help you to prepare for various upcoming competitive examinations.

  1. What does AUM stands for?
    A) Account Under Mediation
    B) Account Under Management
    C) Assets Under Mediation
    D) Assets Under Management
    View Answer
    Option D
    Explanation: Assets under management (AUM), also called funds under management (FUM), measures the total market value of all the financial assets which a financial institution such as a mutual fund, venture capital firm, or brokerage house manages on behalf of its clients and themselves.
  2. Which fund management company has become the first in India to cross Rs 20,000 crore of AUM in exchange-traded funds (ETFs)?
    A) Birla Sun Life Asset Management Company Ltd
    B) Kotak Mahindra Asset Management Company Ltd.
    C) SBI Funds Management Private Ltd.
    D) L&T Investment Management Ltd.
    View Answer
    Option C
    Explanation: SBI Funds Management (SBIFM) today said it has become the country’s first asset manager to cross Rs 20,000 crore of AUM in exchange-traded funds (ETFs).
  3. Telangana government has signed an MOU with NABARD for Rs ___ loan to the Horticulture Development Corporation.
    A) Rs 573 crore
    B) Rs 874 crore
    C) Rs 314 crore
    D) Rs 500 crore
    View Answer
    Option B
    Explanation: The Telangana Government signed an MoU with NABARD here for a loan of Rs 874 crore to the Horticulture Development Corporation to cover 3.15 lakh acres under Micro Irrigation scheme for 2016-17 and 2017-18.
  4. SIDBI has signed MOU with which bank to provide concessional loans to micro, small units?
    A) Canara Bank
    B) Corporation Bank
    C) Vijaya Bank
    D) Karnataka Bank
    View Answer
    Option C
    Explanation: Small Industries Development Bank of India (SIDBI) has signed a Memorandum of Understanding (MoU) with Vijaya Bank for providing concessional finance to micro and small enterprises (MSEs).
  5. Which financial institution has become has become first in the country to launch Aadhaar-based instant, cashless loan disbursal?
    A) Mahindra Finance
    B) Bharat Financial Inclusion Ltd
    C) Dewan Housing Finance (DHFL)
    D) India Infoline (IIFL)
    View Answer
    Option B
    Explanation: The microfinance and financial inclusion space, Bharat Financial Inclusion Ltd (BFIL) has become first in the country to launch Aadhaar-based instant, cashless loan disbursal
  6. IMF has revised its GDP estimate for India in 2016-17 at ____ %.
    A) 7.2%
    B) 7.0%
    C) 6.8%
    D) 6.6%
    View Answer
    Option D
    Explanation: India’s growth is projected to slow to 6.6 per cent in 2016-17 fiscal due to the strains that have emerged in the economy as a result of “temporary disruptions” caused by demonetisation.
  7. IMF has predicted India’s growth rate in 2017-18 at what per cent?
    A) 7.4%
    B) 7.2%
    C) 7.0%
    D) 6.8%
    View Answer
    Option B
    Explanation: The International Monetary Fund (IMF) foresees India’s economic growth to rebound to 7.2 per cent in 2017-18, up from projected 6.6 per cent in 2016-17
  8. Name the Indian Coast Guard Ship commissioned on 21 February 2017 in the port town of Vasco.
    A) ICGS Shaunak
    B) ICGS Raunak
    C) ICGS Vikram
    D) ICGS Virat
    View Answer
    Option A
    Explanation: Union Minister for Railways Suresh Prabhu commissioned Indian Coast Guard ship ‘Shaunak’, built by Goa Shipyard Limited, in the port town of Vasco.
  9. Name the comprehensive e-billing solution comprising of data gathering, invoicing and collection launched by Airports Authority of India in collaboration with IATA.
    A) AAIICA360
    B) SKYREV360
    C) AAISKY360
    D) AAIAPP360
    View Answer
    Option B
    Explanation: The Airports Authority of India in collaboration with IATA, has come out with a unique comprehensive e-billing solution comprising of data gathering, invoicing and collection called ”SKYREV360”.
  10. The first Antyodaya Express will be launched between which two stations?
    A) Lucknow and Agra
    B) New Delhi and Ahmedabad
    C) Ernakulam and Howrah
    D) Mumbai and Tatanagar
    View Answer
    Option D
    Explanation: Antyodaya Express, a new fully unreserved train for the common man with specially designed colourful coaches was unveiled by Railway Minister Suresh Prabhu. Ready to be pressed into service on busy routes, the first Antyodaya Express will be launched between Mumbai and Tatanagar, and the second will be between Ernakulam and Howrah shortly.
  11. Kashmir will observe 2017 as ______ .
    A) Year of Pears
    B) Year of Apple
    C) Year of Melons
    D) Year of Peaches
    View Answer
    Option B
    Explanation: Chief Minister Mehbooba Mufti has declared 2017 as ‘Year of Apple’ in a major bid to promote the famed Kashmiri apples in domestic and foreign markets.
  12. ASCOSAN-2017 has been organized in which city?
    A) Guwahati
    B) SIlchar
    C) Dibrugarh
    D) Sonitput
    View Answer
    Option A
    Explanation: With the objective to showcase the commitment of the State and the people towards achieving the goal of Swachh Assam, ASCOSAN-2017, the biggest conference in the history of Assam, was organised in Guwahati.
  13. Assam CM aims to make Assam cleanest State by which date?
    A) 1 April 2018
    B) 1 July 2017
    C) 2 October 2017
    D) 1 January 2018
    View Answer
    Option C
    Explanation: Sarbananda Sonowal is aiming to make the State the cleanest by October 2, 2017, two years prior to Prime Minister Narendra Modi’s vision of a ‘Clean India’ by October 2 2019.
  14. Who has been appointed as Vice President of Asian Hockey Federation?
    A) Ahmad Shah
    B) Abdus Sadeque
    C) Mariamma Koshy
    D) Abhijit Sarkar
    View Answer
    Option D
    Explanation: The Asian Hockey Federation (AHF) confirmed the appointment of India’s Abhijit Sarkar as it’s new Vice Chairman and also the Chairman of the AHF Commercial and TV Committee with immediate effect.
  15. Name the project launched by Khadi & Village Industries Commission (KVIC) to scale up employment at rural locations and push up the khadi and village industries production.
    A) Khadi Banao
    B) Khadi Apnao
    C) Khadi Gaon
    D) Khadi Vihar
    View Answer
    Option C
    Explanation: Aiming to scale up employment at rural locations and push up the khadi and village industries products from the villages, the khadi & Village Industries Commission (KVIC) has initiated a project named khadi Gaon.
  16. Which Indian organization has signed MoU with IoT Acceleration Consortium (ITAC)-Japan to develop Internet of Things (IoT) ecosystem in India?
    A) TCS
    B) Wipro
    C) Nasscom
    D) Infosys
    View Answer
    Option C
    Explanation: Under the MoU, Nasscom and ITAC-Japan will collaborate to address digital technology shifts and accelerate IoT adoption at a global level across the industry.
  17. Which technology giant has launched Project Sangam that aims to offer skilled training, as well as make it easier to find job opportunities?
    A) Facebook
    B) Microsoft
    C) Google
    D) Infosys
    View Answer
    Option B
    Explanation: Project Sangam aims to offer skilled training, as well as make it easier to find job opportunities. With this app, Microsoft aims to create a platform for skilled workers across all segments, rather than simply focusing on white collar jobs.
  18. Jambanna Amarachintha who passed away recently was a ________ writer.
    A) Hindi
    B) Marathi
    C) Kannada
    D) Gujarati
    View Answer
    Option C
    Explanation: Jambanna Amarachintha was a Kannada writer identified with the ‘Bandaya’ (rebel) stream

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