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Current Affairs Quiz:17 May 2024

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AffairsCloud brings you the complete and important daily Current Affairs Quiz 17 May 2024 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 2024 updates.

Our Current Affairs May 2024 events will help you to get more marks in Banking, Insurance, SSC, Railways, UPSC, CLAT and all State Government Exams. Also, try our Current Affairs Quiz.

  1. Which country has recently (in May ‘24) received budgetary support of USD 50 million from India in the form of a rollover of the Treasury Bill (T-Bill) for another year?
    1) Kenya
    2) Sri Lanka
    3) Maldives
    4) Myanmar
    5) Bhutan
    Answer- 3) Maldives
    The Government of India (GoI) has provided Budgetary Support of USD 50 million, in the form of a rollover of the Treasury Bill (T-Bill), to the Maldives for another year.
    • The State Bank of India (SBI) has subscribed for one more year to the T-bill issued by the Ministry of Finance of Maldives, upon maturity of the previous subscription.
    • Government Treasury Bills are subscribed by SBI under a unique Government-to-Government arrangement at zero-cost (interest free) to the Government of Maldives.
    i.The government of India(GoI) has announced humanitarian assistance worth USD 1 million to the government of Kenya to deal with the devastation caused by the floods due to prolonged heavy rainfall in Kenya.
    • Previously, on 10th May 2024, Indian Naval Ship (INS) Sumedha delivered immediate relief material comprising a HADR pallet, and 2 medical pallets to the Government of Kenya at Mombasa Port.
    Click here to read more

  2. Name the India’s 1st insurance portfolio management platform that was recently (in May ’24) launched by the State Bank of India (SBI) General Insurance Company Limited.
    1) SWAYAM Plus
    3) Pratham
    4) Bima Central
    5) Pai Platforms
    Answer-4) Bima Central
    State Bank of India (SBI) General Insurance Company Limited introduced Bima Central, India’s 1st insurance portfolio management platform to transform customer experience with innovation.
    • It has collaborated with Bima Central which was developed by CAMS Insurance Repository Services Limited (CAMSRep).
    • The platform allows customers to aggregate their insurance portfolio through an electronic-Insurance Account (eIA).
    • Policyholders of SBI General Insurance with an eIA through Bima Central platform can manage their insurance policies and can access their insurance portfolio through SBI General Insurance mobile app as well as through Bima Central app.

  3. In the May 2024 review of the MSCI Global Standard Indexes, 13 securities are scheduled to be added and 3 securities are to be removed from the India Index.
    Which of the following companies is among the three securities being removed from the MSCI India Index?

    1) Paytm
    2) JSW Energy
    3) Canara Bank
    4) Jindal Stainless Limited
    5) Bank of India
    Answer-1) Paytm
    MSCI Inc.(formerly known as Morgan Stanley Capital International Inc.) has announced changes in constituents for the MSCI Global Standard Indexes, which will take place as of close of 31st May 2024.
    • As per the May 2024 review, 13 Securities will be added to and 3 Securities will be removed from the India Index.
    • Following this, the net stock count will be 146 for India in the MSCI Global Standard Index.
    • The 13 Securities added to MSCI India Index are Bosch Limited; Canara Bank; Indus Towers Limited ; Jindal Stainless Limited ; JSW Energy Limited ; Mankind Pharma; NHPC Limited; PB Fintech Limited; Phoenix Mills Limited ; Solar Industries India Limited ; Sundaram Finance Limited ; Thermax Limited and Torrent Power Limited.
    • The 3 companies removed from MSCI India Index are Berger Paints India Limited; Indraprastha Gas Limited (IGL) and Paytm (One97 Communications Limited)Click here to read more

  4. Which country had the highest number of entries in the 9th edition of the Forbes 30 Under 30 Asia list (2024)?
    1) China
    2) Singapore
    3) Indonesia
    4) India
    5) Australia
    Answer-4) India
    The 9th edition of the Forbes 30 Under 30 Asia list (2024) featured 86 entries from India which includes Akshit Bansal (29) and Raghav Arora (28), co-founders of Statiq-India and Bhagya Shree Jain (29), founder of The Disposal Company.
    i.The “30 Under 30 Asia” list by Forbes showcases young entrepreneurs, leaders, and trailblazers under 30 who are driving innovation and transforming industries across the Asia-Pacific region.
    ii.The 2024 list features 300 entries from 21 countries and territories. India had the most entries followed by China and Japan (32 each), Singapore (27), Australia (26) and Indonesia (18).
    Option Revision:
    1. Covered on 13th January 2024:China
    India has secured a 2nd rank in the MSCI Emerging Markets (EM) index by surpassing Taiwan. The first spot is grabbed by China.
    2. Covered on 22nd February 2024:Singapore
    the Henley Passport Index 2024: The 2 Asian nations Japan and Singapore have dominated 1st place on the index for the past 5 years.

  5. Who has been recently (in May ‘24) named as Singapore’s new Prime Minister(PM)?
    1) Succes Masra
    2) Lawrence Wong
    3) Alexander Stubb
    4) Bassirou Faye
    5) Anwar Ibrahim
    Answer-2) Lawrence Wong
    Lawrence Wong Shyun Tsai, a United States (US) trained economist and a former civil servant, was sworn in as the fourth Prime Minister (PM) of Singapore since independence.
    • The President of Singapore, Tharman Shanmugaratnam, administered the oath to Wong on May 15, 2024.
    • Wong succeeded Lee Hsien Loong who relinquished his position after 20 years (2004-2024).
    • He will be leading the fourth generation People’s Action Party (PAP) or 4G government as the Prime Minister and the Finance Minister.
    • He is set to hold the post until the general election which is set to be held by November 2025.

  6. Who has been recently( in May ‘24) appointed as the Executive Director(ED) of the Reserve Bank of India (RBI)?
    1) R Lakshmi Kanth Rao
    2) T. Rabi Sankar
    3) Harun Rashid Khan
    4) Rakesh Mohan
    5) Muneesh Kapur
    Answer-1) R Lakshmi Kanth Rao
    Lakshmi Kanth Rao assumed charge as Executive Director (ED) of the Reserve Bank of India (RBI) with effect from 10th May 2024. Before this, he served as Chief General Manager-in-Charge in the Department of Regulation, RBI.
    • As an ED, he oversees the Deposit Insurance and Credit Guarantee Corporation, the Right to Information Act (FAA), and the Department of Communication.

  7. Which space agency has recently (in May ‘24) planned to build the 1st Railway System on the Moon called ‘Flexible Levitation on a Track (FLOAT)’?
    1) Japan Aerospace Exploration Agency
    2) Roscosmos State Corporation for Space Activities
    3) Indian Space Research Organisation
    4) National Aeronautics and Space Administration
    5) European Space Agency
    Answer-4) National Aeronautics and Space Administration
    National Aeronautics and Space Administration (NASA) has announced its plan to build 1st Railway System on Moon, and named as “Flexible Levitation on a Track (FLOAT)”. This Railway system is part of NASA’s Moon to Mars mission i.e. Robotic Lunar Surface Operations 2 (RLSO2).
    • The FLOAT system will be developed by NASA’s Jet Propulsion Laboratory (JPL) in California, United States of America(U.S.A.).
    • It will use unpowered robots which would levitate a 3-layer flexible film track to prevent abrasion from dust on lunar surface.
    • Carts will be mounted on these robots and will move at the speed of 1.61 kilometer per hour (Km/hr).
    • The system aims to transport approximately 100 tons of material per day to and from NASA’s future lunar base.

  8. In May 2024, Padma Shri Awardee Malti Joshi has passed away at the age of 90.Malti Joshie received the Padma Shri award in 2018 in ___________(field).
    1) Art
    2) Literature and Education
    3) Public Affairs
    4) Social Work
    5) Sports
    Answer-2) Literature and Education
    Padma Shri awardee Malti Joshi, a renowned author, storyteller passed away at the age of 90.
    • Joshi was awarded the prestigious ‘Padma Shri’ in 2018, recognising her contributions to literature and education.
    • She also received Shikhar Samman (2006), Dushyant Kumar Sahitya Samman (2011), Ojaswini Samman (2011), Rashtriya Maithalisharan Gupt Samman for (2013-2014), Kamleshwar Smruti Puraskar (2016), Hindi Sevi Samman (2018).
    • Malti Joshi was born on 4th June, 1934 in Aurangabad, Maharashtra. She was Popularly known as ‘Malwa ki Meera’.

  9. Who is the author of the biography of former WHO Chief Scientist Dr. Soumya Swaminathan titled “At The Wheel of Research: An Exclusive Biography of Dr Soumya Swaminathan”?
    1) Vijayadevi Rane
    2) Satyanarayan Gangaram Pitroda
    3) Anuradha Mascarenhas
    4) Mansukh Mandaviya
    5) Aravind Adiga
    Answer- 3) Anuradha Mascarenhas
    Anuradha Mascarenhas, Senior Assistant Editor, The Indian Express, has penned a new book titled “At The Wheel of Research: An Exclusive Biography of Dr. Soumya Swaminathan”. The book is published by Bloomsbury Publishing India Pvt. Ltd.
    • This book outlines the life journey of Dr. Soumya Swaminathan, the inaugural Chief Scientist at the World Health Organisation (WHO) (2019 to 2022) and the former Director General(DG) of the Indian Council of Medical Research (ICMR) (2015 to 2017).
    • She is the daughter of Dr. Monkumbu Sambasivan (MS) Swaminathan, the agricultural scientist popularly known as the “Father of the Green Revolution in India”.
    About Author: Anuradha Mascarenhas is a seasoned journalist who has won awards including the Press Council of India National Awards for Excellence in Journalism for Gender-Based Reporting in 2019.

  10. When was the United Nations (UN) International Day of Living Together in Peace annually observed across the globe?
    1) 10th November
    2) 21st September
    3) 24th April
    4) 16th May
    5) 22nd March
    Answer-4) 16th May
    The United Nations (UN) International Day of Living Together in Peace 2024 was observed across the globe on 16 May to mobilise the efforts of global communities to promote peace, tolerance, inclusion, understanding, and solidarity.
    • On 8 December 2017, the UN General Assembly (UNGA) adopted a resolution A/RES/72/130 and declared 16 May of every year as the International Day of Living Together in Peace.
    • The first-ever International Day of Living Together in Peace was observed on 16 May 2018.Click here to read more