Daily Current Affairs February 27

Dear Champions, as you all know that a lot of competitive exams have been notified consequently. Candidates have to prepare themselves according to the level of competition and expectation of the Recruitment board. Regarding that one of the most important topic is Daily Current Affairs February 27. Current Affairs in the form of contemporary events of national & international play a crucial role in almost every competitive exams like Banking, Insurance, SSC, UPSC, TNPSC, Railway etc.

Current affairs are the most dynamic yet scoring among all sections and need to be prepared from the right source. Here, we cafunsta team, providing  Daily GK Updates, Current Affairs Questions, and Monthly  current affairs pdf.

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February 27| Daily Current Affairs 2024

Important Days – Daily Current Affairs February 27

1. On which date is World NGO Day observed?
A) February 25
B) February 26
C) February 27
D) February 28
E) February 29
Answer: C) February 27

• World NGO day is observed on February 27
• The World NGO Day was proposed for the first time by the Baltic Sea NGO Forum in 2010.
• The event has been on the agenda of the forum since 2012.
• Initially, it was only recognised in countries participating in the Forum, including Denmark, Estonia, Finland, Germany and others.
• The day honours the tireless efforts of NGOs and the people who support them in their mission to improve everyone’s quality of life

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Obituary – Daily Current Affairs February 27

2. What is Kumar Shahani known for?
A) Being a cricketer
B) Being a politician
C) Being a poet
D) Being a filmmaker
E) Being a scientist
Answer: D) Being a filmmaker

• Kumar Shahani, the pole star of the parallel cinema movement in India, passed away in Kolkata at the age of 83.

His Works:

• Maya Darpan (1972)
• Tarang (1984)
• Kasba (1990)

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3. Which award was Pankaj Udhas awarded in 2006?
A) Padma Bhushan
B) Padma Shri
C) Padma Vibhushan
D) Bharat Ratna
E) Arjuna Award
Answer: B) Padma Shri

• Famed Ghazal Singer Pankaj Udhas passed away at the age of 72.
• Pankaj Udhas was born on May 17, 1951, in Jetpur, Gujarat.
• He was well-known for his gazals and film work.
• In 1980, he gained widespread popularity for his solo ghazal album ‘Aahat’. Later, he recorded other successes, including Mukarar (1981), Tarrannum (1982), Mehfil (1983), and many more.
• Some of his popular renditions are ‘Chitthi Aayi Hai’, ‘Chandani Raat Mein’, ‘Na Kajre Ki Dhaar’, ‘Aur Ahista Kijiye Baatein’, ‘Ek Taraf Uska Ghar’ and ‘Thodi Thodi Piya Karo’.
• In 2006, Pankaj Udhas was awarded Padma Shri, India’s fourth highest civilian award

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Banking and Finance – Daily Current Affairs February 27

4. What is the name of the POS solution launched by Zoho Corporation?
A) Zakya
B) Zephyr
C) Zephyrus
D) Zenith
E) Zephyrtouch
Answer: A) Zakya

• Zoho Corporation has announced the launch of Zakya, which offers POS solutions for retail stores to stre amline their day-to-day ope rations.
• Built from the ground up in India, the billing app offers businesses an end- to-end modern POS setup in- cluding all-in-one admin con- sole and business intelligence (BI) and data-driven insights.

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5. Within how many days must state-run banks submit half-yearly and quarterly reviews of accounts to the RBI?
A) 14 days
B) 21 days
C) 28 days
D) 30 days
E) 60 days
Answer: B) 21 days

• BANKS WILL HAVE to submit all audited returns to the central bank within five working days from the date of signing of the auditor’sreport, as per the RBI.
• Previously, banks had to submit all audited returns to the RBI within seven days from the date of the completion of statutory audit of books of accounts.
• State-run banks must submit half-yearly and quarterly reviews of accounts within 21 days from the date of receipt of the statutory central auditor (SCA) report, by RBI.

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6. How much capital was State Bank of India (SBI) initially authorized to raise through additional tier-I (AT-1) bonds in the current fiscal?
A) Rs 8,101 crore
B) Rs 11,900 crore
C) Rs 20,000 crore
D) Rs 5,000 crore
E) Rs 8,000 crore
Answer: C) Rs 20,000 crore

• STATE BANK OF India (SBI), the country’s largest lender, is unlikely to utilise the enabling provision to raise nearly 11,900 crore through addi- tional tier-I (AT-1) bonds due to pric- ing issues in the current fiscal.
• Out of the enabling approval for raising up to 20,000 crore in the current fiscal, SBI has raised Rs 8,101 crore through AT-1 bonds in two tranches in FY 24, with the latest one on January 19, when the bank raised Rs 5,000 crore at 8.34% coupon.

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Business and Economy – Daily Current Affairs February 27

7. What is the expected price range of the affordable 5G smartphone Qualcomm plans to release in India?
A) Below $50
B) Below $99
C) Below $200
D) Below $500
E) Below $1000
Answer: B) Below $99

• Qualcomm, a chipmaker headquartered in the US, is making bold moves in the Indian market.
• The company intends to unveil a new chipset that will facilitate the release of an affordable 5G smartphone, priced below $99, by the end of this calendar year.
• The latest chipset could encourage 2G users to transition to a smartphone-enabled 5G environment in India.

Note:

• In August 2022, during the 45th annual general meeting of Reliance Industries, Mukesh Ambani announced a partnership between Reliance Jio and Qualcomm to develop 5G products not only for India but for the whole world.
• Earlier in January 2024, the chipmaker would invest Rs 177.27 crore in setting up a design centre in Chennai.
• The centre will focus on innovations in areas that complement wi-fi technologies and contribute to Qualcomm’s global research and development efforts in 5G cellular technology.
• India is the second-largest base outside of San Diego for Qualcomm’s research and development efforts. In India, Qualcomm has R&D centres in Bengaluru, Chennai, Hyderabad, and Noida.

Qualcomm:

• Qualcomm Incorporated is an American multinational corporation headquartered in San Diego, California, and incorporated in Delaware.
• It creates semiconductors, software, and services related to wireless technology.
• CEO: Christiano Amon

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Acquisitions and Mergers – Daily Current Affairs February 27

8. How much is the approved resolution plan worth for Reliance Capital?
A) Rs 8,000 crore
B) Rs 9,000 crore
C) Rs 9,650 crore
D) Rs 10,000 crore
E) Rs 11,000 crore
Answer: C) Rs 9,650 crore

• The National Company Law Tribunal has approved the Rs 9,650- crore resolution plan sub- mitted by Hinduja’s Indu- sind International Hol dings (promoter of Indu sind Bank) for bankrupt Reliance Capital.
• This will give the company cont rol of Reliance Capital, which has functioning subsidiaries in life and general insurance, as well as entities in securities broking and wealth management.

National Company Law Tribunal:

• The National Company Law Tribunal is a quasi-judicial body in India that adjudicates issues relating to Indian companies.
• The tribunal was established under the Companies Act 2013 and was constituted on 1 June 2016 by the government of India and is based on the recommendation of the V. Balakrishna Eradi committee on law relating to the insolvency and the winding up of companies.
• HQ: Newdelhi

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International Affairs – Daily Current Affairs February 27

9. What is the maximum total stay allowed for visa holders under the new initiative in Dubai?
A) 30 days in one year
B) 60 days in one year
C) 90 days in one year
D) 120 days in one year
E) 180 days in one year
Answer: E) 180 days in one year

• Dubai introduces 5-year multiple-entry visa for Indians, to leverage multiple entries/exits, providing operational flexibility for business, leisure travel etc.
• In 2023, Dubai welcomed 2.46 million overnight visitors from India, which is a 25 per cent increase from the pre-pandemic era.
• This step ensures that the visa, issued within 2-5 working days upon receiving and accepting the service request, allows its holder to stay in the country for 90 days, extendable once for a similar period, with a total stay not exceeding 180 days in one year.
• Dubai welcomed 17.15 million international overnight visitors in 2023, a 19.4 per cent growth over the 14.36 million tourist arrivals in 2022.

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National Affairs – Daily Current Affairs February 27

10. What are the estimated percentages of rural and urban poverty in India according to the recent household consumption expenditure survey?
A) Rural: 25.7%, Urban: 18.7%
B) Rural: 7.2%, Urban: 4.6%
C) Rural: 4.6%, Urban: 7.2%
D) Rural: 18.7%, Urban: 25.7%
E) Rural: 4.5%, Urban: 5%
Answer: B) Rural: 7.2%, Urban: 4.6%

• India’s rural poverty is estimated at 7.2% and urban at 4.6%, based on the household consumption expenditure survey released last week which showed a sharp decline in rural-urban divide, a report by SBI.
• In 2011-12, rural poverty was 25.7% and ur ban poverty 18.7%.
• At the aggregate level. India’s poverty rate could now be in the range of 4.5%-5%.

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Over All Review

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