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Current Affairs Quiz: 17 May 2023

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AffairsCloud brings you the complete and important daily Current Affairs Quiz 17 May 2023 to achieve more marks in Banking, Insurance, UPSC, SSC, CLAT, Railways and all other competitive Exams. We have prepared the current affairs quiz question from our daily current affairs 2023 updates.

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    1. In May 2023, ____________ became the first state in India to launch a welfare fund for Mahatma Gandhi Rural Employment Guarantee Scheme (MGNREGS) workers.
      1) Tamil Nadu
      2) Kerala
      3) Andhra Pradesh
      4) Maharashtra
      5) Madhya Pradesh
      Answer-2) Kerala
      Explanation:
      Kerala became the first state in India to launch a welfare fund for Mahatma Gandhi Rural Employment Guarantee Scheme (MGNREGS) workers in the State.
      • The initiative was launched by the Chief Minister (CM) of Kerala Pinarayi Vijayan at Kotta Maidanam, Palakkad, as part of the 100-day action plan in connection with the state government’s second anniversary.
      • This fund is based upon the Kerala Employment Guarantee Workers’ Welfare Fund Act, 2021.
      i. Under this, the workers need to pay a nominal monthly amount of Rs 50 as a contribution to the fund and the government will also contribute an equal amount.
      ii. Those who have paid the contributions for ten or more years, and their families will get the benefits in case of the beneficiary’s death.

    2. On the occasion of 57th Foundation Day of Indian Institute of Packaging (IIP) from __________, IIP signed an MoU to collaborate with various prestigious institutions, universities & government bodies.
      1) Chennai, Tamil Nadu
      2) Mumbai, Maharashtra
      3) Ahmedabad, Gujarat
      4) Bhubaneshwar, Odisha
      5) Varanasi, Uttar Pradesh
      Answer-2) Mumbai, Maharashtra
      Explanation:
      On 14th May 2023, the Indian Institute of Packaging (IIP), Mumbai, Maharashtra, signed an official Memorandum of Understanding (MoU) to collaborate with various prestigious institutions, universities & government bodies on the occasion of IIP’s 57th Foundation Day celebrations at Hotel The Lalit, Andheri, Mumbai, Maharashtra.
      i. IIP also released a special book on the packaging designs developed by IIP for the ODOP project, Government of India as a special achievement.

    3. Name the stock exchange body that has recently (in May ‘23) launched the rupee-denominated New York Mercantile Exchange’s (NYMEX) West Texas Intermediate (WTI) Crude Oil and Natural Gas futures contracts.
      1) National Stock Exchange of India
      2) Bombay Stock Exchange of India
      3) Madras Stock Exchange of India
      4) Vadodara Stock Exchange of India
      5) Calcutta Stock Exchange of India
      Answer-1) National Stock Exchange of India
      Explanation:
      The National Stock Exchange of India Ltd (NSE India) launched the rupee-denominated New York Mercantile Exchange’s (NYMEX) West Texas Intermediate (WTI) Crude Oil and Natural Gas futures contracts in its commodity derivatives segment.
      i. The NYMEX WTI contracts will be suitable for FPIs (Foreign Portfolio Investors) to get the benefit of margin collateral from their cash holdings in NSE to trade in these commodity derivative contracts
      ii. The NYMEX WTI will provide effective trading and hedging opportunities to the market participants, with the availability of key energy products on a single trading platform.

    4. Which organisation/bank has recently (in May ‘23) granted Rs 51 crore to set up an integrated road safety enforcement system in the Shimla & Nurpur police districts of Himachal Pradesh (HP) & develop the Palampur-Sheela Chowk as a “safe corridor” in Kangra, HP?
      1) World Bank
      2) International Monetary Fund
      3) Asian Development Bank
      4) Asian Infrastructure Investment Bank
      5) United Nations Development Programme
      Answer-1) World Bank
      Explanation:
      World Bank (WB) has approved a grant of Rs 51 crore for the project to set up an integrated road safety enforcement system in the Shimla and Nurpur police districts of Himachal Pradesh (HP) and develop the Palampur-Sheela Chowk in Kangra (HP) as a “safe corridor”.
      • Under the first phase of the project, Shimla and Nurpur have been selected and a sum of Rs 42 crore (out of Rs 51 Crore granted by WB) will be spent on both police districts to strengthen their emergency response systems.
      • The Palampur-Sheela Chowk stretch of road in Kangra has been chosen to be developed at a cost of Rs 9 crore as a safe corridor under the Safe Corridor Demonstration Programme (SCDP) by making safety interventions and design improvements.

    5. Who has recently (in May ‘23) became the first woman and non-secretary bureaucrat Chairperson of Competition Commission of India (CCI)?
      1) Sangeeta Verma
      2) Ravneet Kaur
      3) S. Jayashree
      4) Poonam Kohali
      5) Jyotsna Yadav
      Answer-2) Ravneet Kaur
      Explanation:
      The Appointments Committee of the Cabinet (ACC) approved the appointment of Ravneet Kaur, a 1988 Punjab cadre IAS (Indian Administrative Service) officer, as the Chairperson of Competition Commission of India (CCI).
      i. She has been appointed for a period of 5 years with effect from the date of assuming the charge or till the date of attaining the age of 65 or until further order.
      ii. Ravneet Kaur becomes the first woman and non-secretary bureaucrat to be appointed as a CCI Chairperson.
      iii. She will replace CCI Member Sangeeta Verma who has been serving as the interim (acting) chairperson of CCI since October 2022 after Ashok Kumar Gupta demitted office.

    6. Who was recently (in May ‘23) appointed as the Chairman of the Petroleum & Natural Gas Regulatory Board (PNGRB)?
      1) Gajendra Singh
      2) Dinesh Kumar Sarraf
      3) Arun Ross
      4) K.S. Jawahar Reddy
      5) Anil Kumar Jain
      Answer-5) Anil Kumar Jain
      Explanation:
      The Appointments Committee of the Cabinet (ACC), chaired by Prime Minister Narendra Modi, approved the appointment of Anil Kumar Jain, a former Coal Secretary, as the new Chairman of the Petroleum & Natural Gas Regulatory Board (PNGRB).
      i. He has been appointed for a period of 5 years from the date of assumption of charge of the post or till attaining the age of 65 years, or until further orders.
      ii. The Chairman position of PNGRB has been lying vacant since Dinesh Kumar Sarraf retired on 4th December 2020.

    7. Name the personality who has recently (in May ‘23) elected as the 1st woman Director General (DG) of the International Organization for Migration (IOM) with effect from 1st October 2023.
      1) Jacinda Ardern
      2) Sandra Day O’Connor
      3) Ruth Bader Ginsburg
      4) Amy E. Pope
      5) Condoleezza Rice
      Answer-4) Amy E. Pope
      Explanation:
      Amy E. Pope (49 years old) of the United States of America (USA) was elected as the 1st woman Director General (DG) of the International Organization for Migration (IOM), the United Nations(UN) Migration Agency. She will take over as the 11th DG of IOM for a 5-year term beginning on 1 October 2023.
      i. She defeated the incumbent DG of IOM Antonio Vitorino of Portugal, the European Union(EU) candidate, who has been serving as the DG of IOM since 2018.

    8. In May 2023, the Innovations for Defence Excellence (iDEX) signed its ________ contract with InspeCity Space Laboratories Pvt. Ltd., and 100th SPRINT (Navy) contract with ______________ in New Delhi, Delhi.
      1) 250th; Orient Technologies Pvt. Ltd
      2) 200th; Siliconia Technologies Pvt Ltd
      3) 150th; INI Technologies Private Limited
      4) 250th; Siliconia Technologies Pvt Ltd
      5) 200th; INI Technologies Private Limited
      Answer-4) 250th; Siliconia Technologies Pvt Ltd
      Explanation:
      The Innovations for Defence Excellence (iDEX), the flagship initiative of the Ministry of Defence (MoD), signed its 250th contract (1st under Mission DefSpace) with Thane (Maharashtra) based InspeCity Space Laboratories Pvt. Ltd., and 100th SPRINT (Navy) contract with Pune (Maharashtra) based Siliconia Technologies Pvt Ltd in New Delhi, Delhi.
      • About Contract with InspeCity(Mission DefSpace contract): It is the first contract under Mission DefSpace which was signed by Additional Secretary-Defence Production (AS-DP) and CEO (Chief Executive Officer) Defence Innovation Organisation (DIO) T. Natarajan; and CEO of InspeCity, Arindrajit Chowdhary.
      • About Contract with Siliconia Technologies Pvt Ltd(100th SPRINT (Navy) contract): It is the 100th SPRINT (Navy) contract which was exchanged between CEO-DIO T. Natarajan; and CEO, Sushil Eknath Ghule, Siliconia Technologies Pvt Ltd.

    9. The National Dengue Day 2023 was observed across India on _________________.
      1) 12th May 2023
      2) 14th May 2023
      3) 16th May 2023
      4) 13th May 2023
      5) 15th May 2023
      Answer-3) 16th May 2023
      Explanation:
      National Dengue Day 2023 was observed across India on 16th May 2023 to create awareness about dengue among the general public and to promote the preventive measure against dengue.
      • The observance of the National Dengue Day is led by the Ministry of Health and Family Welfare (MoH&FW).
      i. The government of India observes the 16th May as National Dengue Day and the month of July as the Anti Dengue Month to create awareness about Dengue- a mosquito-borne viral infection, which is predominantly found in tropical and sub-tropical climates worldwide.

    10. Name the state government that has recently (in May ‘23) launched ‘e-Chits’ app to regulate funds through online transactions.
      1) Odisha
      2) Andhra Pradesh
      3) Jharkhand
      4) Telangana
      5) Maharashtra
      Answer-2) Andhra Pradesh
      Explanation:
      The Andhra Pradesh’s (AP) Minister of Revenue, Dharmana Prasada Rao, launched ‘E-chits’ application, an electronic service delivery system developed by the Registration and Stamps Department for it to regulate funds through online transactions.
      • This development comes amid the increasing number of cases of cheating customers by chit fund companies.
      • It will provide transparency in the chit-fund business and prevent duping of customers.