Current Affairs 12 February 2023

👉 Multiple Choice Questions (MCQs) on the latest Current Affairs for Preparation of UPSC, SSC-CGL, NDA, CDS, Railways, and State Level Public Services Examinations.

👉 Source of Questions: The Hindu;  Indian Express; Hindustan Times;  The Times of India; The Economic Times;  Business Standard;  Press Information Bureau;  Yojana Magazine; Kurukshetra Magazine; Down to Earth Magazine.

Current Affairs on 12 February 2022

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1) Indian Express  2) Live Mint  3) The Hindu  4) PIB  5) The Hindu; UNEP  6) PIB  7) The Hindu  8) The Hindu 9) Economic Times  10) Down to Earth; PIB 

Current Affairs Quiz: 12 February 2023

February 12, 2023 Current Affairs MCQs

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1Q) Which of the following statements are correct regarding "Angel Tax"?

(1) Angel tax is levied on startups when they receive investment in excess of their "fair market value".

(2) The "Angel Tax" was first introduced in 2012.

(3) Before budget 2023-24, angel tax was imposed only on investments made by a resident investor.

(4) As per the proposal under the finance bill 2023, the start-ups, that offer their shares to foreign investors, may have to pay "Angel Tax".

(A) Only 1 and 2

(B) Only 2 and 3

(C) Only 1, 2, and 3

(D) Only 1, 2, 3, and 4

Show/Hide The Explanation of Answer

⇨ Angel tax is levied on startups when they receive investment in excess of their "fair market value".

⇨ The "Angel Tax" was first introduced in 2012 to deter the generation and use of unaccounted money through the subscription of shares of a closely held company at a value that is higher than the fair market value of the firm’s shares.

⇨ It is a 30% tax that is levied on the funding received by Startups from an external investor when Startups receive angel funding at a valuation higher than its ‘fair market value’.

⇨ Before budget 2023-24, angel tax was imposed only on investments made by a resident investor.

⇨ As per the proposal under the finance bill 2023, the start-ups, that offer their shares to foreign investors, may have to pay "angel tax", which was earlier only supposed to be paid for investments raised by resident Indian investors.

⇨ However, these foreign investors will not need to pay any "Angel Tax" while investing in a government-recognized (Department for Promotion of Industry and Internal Trade (DPIIT) registered) startup in India.

2Q) "Yaya Tso", known as a birds' paradise for its beautiful lake located in which of the following states/UT has been proposed biodiversity heritage site (BHS)?

(A) Arunachal Pradesh

(B) Pondicherry

(C) Uttarakhand

(D) Ladakh

Show/Hide The Explanation of Answer

⇨ “Yaya Tso”, known as a birds' paradise for its beautiful lake located at an altitude of 4,820 meters, has been proposed as Ladakh’s first biodiversity heritage site (BHS).

⇨ The lake could be reached from Mahe monastery on the way to Tsomoriri lake after driving up to the nunnery and then crossing a small mountain pass.

⇨ “Yaya Tso” is a nesting habitat for a large number of birds and animals, such as the bar-headed goose, black-necked crane, and brahminy duck.

⇨ The National Biodiversity Authority under the Ministry of Environment of India has declared a list of Biodiversity Heritage Sites (BHS).

3Q) Vadivel Gopal and Masi Sadaiyan of the Irula community were recently awarded Padma Shri, they both are expert snake catchers. In this context, Irula community people are mostly located in which of the following states?

(1) Tamilnadu

(2) Kerala

(3) Karnataka

(4) Karnataka

(A) Only 1 and 2

(B) Only 2 and 3

(C) Only 1, 2, and 3

(D) Only 1, 2, 3, and 4

Show/Hide The Explanation of Answer

⇨ Irula, also known as Iruliga, is a Dravidian ethnic group inhabiting the Indian states of Tamil Nadu, Kerala, and Karnataka.

⇨ The Irula Snake Catchers’ Industrial Cooperative Society, one of the major anti-snake venom (ASV) producers in the country. Expert snake catchers Mr. Gopal and Mr. Sadaiyan have been part of this cooperative society.

⇨ The society’s journey began in 1978 when wildlife conservationist Romulus Whitaker helped a group of Irulas form a venom center in the form of a cooperative after snakeskin exports were banned in 1976.

4Q) As of February 1st, 2023, the Government e-Marketplace (GeM) has achieved a staggering ₹ 1.5 lakh crore of Gross Merchandise Value (GMV) in FY23 alone. In this context, the Government e-Marketplace (GeM) was launched by which of the following ministry?

(A) Ministry of Commerce and Industry

(B) Ministry of Corporate Affairs (MCA)

(C) Ministry of External Affairs (MEA)

(D) Ministry of Micro, Small and Medium Enterprises (MSME)

Show/Hide The Explanation of Answer

⇨ Government e-Marketplace (GeM) is an online platform for public procurement in India.

⇨ The initiative was launched on August 9, 2016, by the Ministry of Commerce and Industry with the objective of creating an inclusive, efficient, and transparent platform for buyers and sellers to carry out procurement activities in a fair and competitive manner.

⇨ The GeM platform enables multiple procurement modes (direct purchase, L1 procurement, bidding, reverse auction, and bid followed by reverse auction).

5Q) World Wetlands Day, celebrated annually on which of the following day?

(A) February 2

(B) February 5

(C) February 9

(D) February 11

Show/Hide The Explanation of Answer

⇨ World Wetlands Day is celebrated on 2nd February annually.

⇨ This day also marks the date of the adoption of the Convention on Wetlands on 2 February 1971, in the Iranian city of Ramsar.

⇨ Nearly 90% of the world’s wetlands have been degraded since the 1700s, and we are losing wetlands three times faster than forests.

⇨ This year’s theme is “It’s Time for Wetlands Restoration,” which highlights the urgent need to prioritize wetland restoration.

6Q) 1st Tourism Working Group Meeting under G20 will be held in which of the following states during 7-9 February 2023?

(A) Gujarat

(B) Madhya Pradesh

(C) Maharashtra

(D) Telangana

Show/Hide The Explanation of Answer

⇨ The 1st Tourism Working Group Meeting under G20 hosted by the Ministry of Tourism will be held at Rann of Kutch in Gujarat.

⇨ The Ministry would be organizing the first Global Tourism Investors’ Summit (GTIS) in April/May 2023 in New Delhi.

⇨ The objective of GTIS is to attract global investment into the Indian tourism and hospitality sector along with investments in tourism infrastructure, technology, skill development, startups, and more.

⇨ The Ministry of Tourism will also be organizing a MICE Global Conference and event on adventure tourism in May and June respectively in 2023.

⇨ Five priority areas in the tourism sector have been identified during India’s G-20 Presidency, Those five priority areas are as follows :

⇨ (i) Green Tourism:- Greening of the tourism sector for a sustainable, responsible, and resilient tourism sector.

⇨ (ii) Digitalization:- Harnessing the power of digitalization to promote competitiveness, inclusion, and sustainability in the tourism sector.

⇨ (iii) Skills:- Empowering youth with skills for jobs and entrepreneurship in the tourism sector.

⇨ (iv) Tourism MSMEs:- Nurturing tourism MSMEs / Startups/ private sector to unleash innovation and dynamism in the tourism sector.

⇨ (v) Destination Management:- Rethinking the strategic management of destinations towards a holistic approach that delivers on the SDGs.

7Q) Recently India and which of the following nations declared their common intent to formalize collaboration on nuclear energy and explore opportunities in the Indian Ocean region, and also agreed to work together in the field of solar and nuclear energy, climate change, and biodiversity?

(1) France

(2) Egypt

(3) United Arab Emirates

(4) Australia

(A) Only 1 and 2

(B) Only 2 and 3

(C) Only 1 and 3

(D) Only 2 and 4

Show/Hide The Explanation of Answer

⇨ India, France, and the United Arab Emirates recently declared their common intent to formalize collaboration on nuclear energy and explore opportunities in the Indian Ocean region.

⇨ It was further agreed that “a range of trilateral events will be held in the backdrop of the Indian Presidency of the G20 here and COP28 to be held in UAE in November-December 2023”.

⇨ Further, the three countries will attempt to identify tangible cooperation in implementing the “One Health” approach and support the development of local capacities in biomedical innovation and production within developing countries.

8Q) Finance Minister Nirmala Sitharaman allocated ₹7,000 crores during the 2023 budget session for the launch of Phase III of the "e-Courts" Project that seeks efficient administration of justice. In this context, which of the following statements are correct regarding "e-Courts"?

(1) The project is based on the National Policy and Action Plan for Implementation of Information and Communication Technology in Judiciary-2005.

(2) The e-courts project is undertaken by the Department of Justice, Ministry of Law and Justice.

(3) Phase 1 of the project started in 2005 and ended in 2015.

(4) Phase 2 was sanctioned by the government in August 2015 and under this various District & Subordinate courts have been computerized.

(5) In Hyderabad India’s first e-court opened.

(A) Only 1 and 2

(B) Only 1, 2, and 3

(C) Only 1, 2, 4, and 5

(D) Only 1, 2, 3, 4, and 5

Show/Hide The Explanation of Answer

⇨ The project is based on the National Policy and Action Plan for Implementation of Information and Communication Technology in Judiciary-2005.

⇨ The e-courts project is undertaken by the Department of Justice, Ministry of Law and Justice.

⇨ Phase 1 of the project started in 2007 and ended in 2015.

⇨ Phase 2 was sanctioned by the government in August 2015 and under this various District & Subordinate courts have been computerized.

⇨ In Hyderabad India’s first e-court opened.

9Q) Africa's public health agency says countries with deadly cholera outbreaks on the African continent have no "immediate access" to vaccines amid a global supply shortage. In this context which of the following statements are correct regarding "Cholera"?

(1) Cholera is caused by a virus that infects the intestines and is characterized by violent diarrhea.

(2) Symptoms are Profuse watery diarrhea; Vomiting; and Leg cramps.

(3) Cholera is transmitted through contaminated food and water.

(4) Currently, there are three WHO pre-qualified oral cholera vaccines (OCV): (i) Dukoral, (ii) Shanchol, and (iii) Euvichol-Plus.

(A) Only 1 and 2

(B) Only 2 and 3

(C) Only 2, 3, and 4

(D) Only 1, 2, 3, and 4

Show/Hide The Explanation of Answer

⇨ Cholera is a bacterial disease caused by the bacterium "Vibrio cholerae".

⇨ Cholera infects the intestines and is characterized by violent diarrhea.

⇨ Symptoms are Profuse watery diarrhea; Vomiting; and Leg cramps.

⇨ Cholera is transmitted through contaminated food and water.

⇨ Currently, there are three WHO pre-qualified oral cholera vaccines (OCV): (i) Dukoral, (ii) Shanchol, and (iii) Euvichol-Plus. All three vaccines require two doses for full protection.

10Q) The Centre’s Deep Ocean Mission, which aims to explore marine biodiversity for the sustainable use of resources, has been allocated Rs 600 crore in the Union Budget 2023-2024. In this context, which of the following statements is correct?

(1) Ministry of Mines has launched the Deep Ocean Mission (DOM).

(2) Indian Space Research Organisation (ISRO) is one of the collaborators for the implementation of the Deep Ocean Mission.

(A) Only 1

(B) Only 2

(C) Both 1 and 2

(D) Neither 1 Nor 2

Show/Hide The Explanation of Answer

⇨ The Ministry of Earth Sciences has launched the Deep Ocean Mission (DOM).

⇨ Indian Space Research Organisation (ISRO) is one of the collaborators of the Ministry of Earth Sciences for the implementation of the Deep Ocean Mission.

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