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Current Affairs Quiz:19 & 20 May 2024

AffairsCloud brings you the complete and important daily Current Affairs Quiz 19 & 20 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 Ministry has recently (in May ‘24) organised the “ONDC Startup Mahotsav,” a first-of-its kind event held at Vanijya Bhawan, New Delhi, Delhi?
    1) Ministry of Communications
    2) Ministry of Commerce and Industry
    3) Ministry of Electronics and Information Technology
    4) Ministry of Skill Development and Entrepreneurship
    5) Ministry of Finance
    Answer & Explanation
    Answer-2) Ministry of Commerce and Industry
    On 17th May 2024, Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry, organised the “ONDC Startup Mahotsav”, a 1st of its kind event held at Vanijya Bhawan, New Delhi, Delhi.
    • ONDC Startup Mahotsav is a unique collaboration between Startup India initiative and Open Network for Digital Commerce (ONDC), both are flagship initiatives of DPIIT.
    • The event saw the participation of over 5,000 startups including 12 unicorns, in hybrid mode.
    • During the event, more than 125 ecosystem stakeholders including: unicorns, startups have committed to join ONDC network.
    • So far, ONDC platform has over 5 lakh registered sellers, of which more than 70% are small and medium sized sellers.
    • More than 5 lakh sellers have been onboarded on the platform, of which more than 70% are small or medium sized sellers. In April 2024, ONDC facilitated around 7.22 million transactions

  2. The Ministry of New and Renewable Energy (MNRE) has recently (in May ‘24) set up India’s maiden pavilion at the World Hydrogen 2024 Summit & Exhibition held at __________.
    1) Berlin, Germany
    2) London, United Kingdom
    3) Paris, France
    4) Rotterdam, Netherlands
    5) Davos, Switzerland
    Answer & Explanation
    Answer-4) Rotterdam, Netherlands
    World Hydrogen 2024 Summit & Exhibition, World’s Largest Dedicated Hydrogen Event, was held in Rotterdam Ahoy, the Netherlands from 13th to 15th May 2024.
    • The summit featured the maiden India pavilion, set up by the Ministry of New and Renewable Energy (MNRE), government of India(GoI), showcasing National Green Hydrogen Mission (NGHM).
    • The summit was organised by the Sustainable Energy Council (SEC) in partnership with the Government of the Netherlands, the Province of Zuid-Holland, the City of Rotterdam, and the Port of Rotterdam.
    Note:India launched its National Green Hydrogen Mission (NGHM) in January 2023 with a budget of Rs 19,744 crores, targeting a production capacity of 5 MMT (Million Metric Tonnes) by 2030.

  3. Which bank has recently(in May ‘24) secured USD 500 million from the International Finance Corporation (IFC) to support underserved women borrowers?
    1) Indian Overseas Bank
    2) IndusInd Bank
    3) HDFC Bank
    4) State Bank of India
    5) Canara Bank
    Answer & Explanation
    Answer-3) HDFC Bank
    On May 17, 2024, HDFC Bank secured USD 500 million from the International Finance Corporation (IFC) to support underserved women borrowers. This funding aims to empower women by promoting financial inclusion, income generation, and socio-economic growth.
    • The funds will be used to provide microloans to Self-Help Groups (SHGs) and Joint Liability Groups (JLGs) under HDFC’s Sustainable Livelihoods Initiative (SLI).

  4. Which company has recently (in may ‘24) launched an open-ended equity scheme following automotive and allied business activities theme?
    1) SBI Mutual Fund
    2) Tata Mutual Fund
    3) LIC Mutual Fund
    4) Groww Mutual Fund
    5) Nippon India Mutual Fund
    Answer & Explanation
    Answer-1) SBI Mutual Fund
    SBI Mutual Fund, India’s largest fund house, launched SBI Automotive Opportunities Fund, an open-ended equity scheme following the automotive and allied business activities theme.
    • This first-of-its-kind active mutual fund will invest in stocks of automobile companies and allied businesses, both domestic and international.
    • The new fund offer (NFO) opened for subscription on 17th May 2024 and will close on 31st May 2024.

  5. In May 2024, Yes (Youth Enterprise Scheme) Bank launched_____________ a banking program in the form of savings Account and Debit card.
    1) LEO 1 Card
    2) BizFirst
    3) YES Grandeur
    4) NOMO Card
    5) Vikas Spoorty
    Answer & Explanation
    Answer-3) YES Grandeur
    Yes (Youth Enterprise Scheme) Bank has launched YES Grandeur, a banking program in the form of Savings Account and Debit card, for India’s emerging affluent segment.
    • This program targets those with an Average Monthly Balance (AMB) of Rs 5 lakh or a Net Relationship Value (NRV) of Rs 20 lakh.
    • Yes Grandeur Debit Card offers travel benefits, including zero cross-currency markup charges and airport lounge access.
    • The program offers dedicated relationship managers, preferential rates, fee exemptions, and a special 3-in-1 account combining demat, trading, and savings.

  6. Name the indigenously developed guided Multi-Launch Rocket System (MLRS) that was recently (in may ‘24) successfully launched by Pakistan.
    1) Crystal Maze-2
    2) Astra
    3) BHISHM
    4) Fatah-II
    5) Iron Dome
    Answer & Explanation
    Answer-4) Fatah-II
    Pakistan conducted a successful training launch of the indigenously developed “Fatah-II”, the guided Multi-Launch Rocket System (MLRS). It is being inducted in Artillery Divisions of Pakistan Army for stand-off, precision engagement of deep targets.
    • This marks a substantial advancement in long-range artillery capabilities of Pakistan.
    • The rocket system is capable of engaging targets with high precision up to range of 400 kilometers (km).

  7. Name the recently (in may ‘24) discovered “Super fluffy” exoplanet with cotton candy-like density.
    1) Kepler-51d
    2) KOI-456
    3) HE 1005-1439
    4) 12P/Pons-Brooks
    5) WASP-193b
    Answer & Explanation
    Answer-5) WASP-193b
    Researchers have discovered a “super fluffy” exoplanet named as “WASP-193b”.The size of exoplanet is 50% larger than Jupiter and its weighs only 1/7th of Jupiter. Therefore, it has cotton candy-like density. The exoplanet was initially spotted by the Wide Angle Search for Planets(WASP).
    • The exoplanet was found beyond solar system i.e. 1200 light years away from Earth.
    • WASP-193b is the 2nd lightest exoplanet after the “Kepler-51d”, a Neptune like density.

  8. In May 2024, Puma India signed with ____________to become the official kit partner of Indian athletes.
    1) Athletics Federation of India
    2) Indian Olympic Association
    3) Sports Authority of India
    4) Ministry of Youth Affairs and Sports
    5) Wrestling Federation of India
    Answer & Explanation
    Answer-1) Athletics Federation of India
    PUMA India has signed a multi-year deal with the Athletics Federation of India (AFI) to become its official kit sponsor, aiming to enhance athlete performance and create excellence within India’s sporting community.
    • Under this partnership, Puma will provide performance kits, speed suits and travel gear to every athlete under AFI representing India in track & field, jumps, throws, cross country running and marathons at both domestic and international tournaments.
    • This is the first time that Indian athletes get access to speed suits that PUMA supplies globally to other athletes.

  9. When was World AIDS Vaccine Day/HIV Vaccine Knowledge Day (HVAD) observed across the globe?
    1) December 1
    2) March 1
    3) May 18
    4) April 7
    5) March 15
    Answer & Explanation
    Answer-3) May 18
    World AIDS Vaccine Day (WAVD), also known as HIV Vaccine Awareness Day (HVAD), is annually observed across the globe on 18th May to raise awareness about the significance of Human immunodeficiency viruses (HIV) infections in preventing Acquired immunodeficiency syndrome (AIDS).
    • WAVD recognises the community members, health professionals, and scientists working together to develop a vaccine for HIV prevention.
    • 18th May 2024 marks the observance of the 27th annual HIV Vaccine Awareness Day (HVAD).
    • The red ribbon is the universal symbol of awareness and support for people living with HIV.Click here to read more

  10. Which state/UT has recently (in May ‘24) launched Disaster Reporting and Information Management System (DRIMS) for reporting damages during disasters?
    1) Ladakh
    2) West Bengal
    3) Arunachal Pradesh
    4) Assam
    5) Himachal Pradesh
    Answer & Explanation
    Answer-4) Assam
    Assam has launched the Disaster Reporting and Information Management System (DRIMS), a digital platform for accurate reporting and assessment of damages caused by disasters.
    • The digital platform was developed in collaboration with United Nations Children’s Fund (UNICEF) which captures critical impact indicators of damages during disasters and assists in providing relief and rehabilitation grants to the impacted beneficiaries.
    • It is a state-of-the-art initiative of the Assam State Disaster Management Authority (ASDMA) which was inaugurated by Ravi Kota, Chief Secretary of Assam, at Assam Administrative Staff College (AASC), Khanapara in Guwahati, Assam.

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