AffairsCloud brings you the complete and important daily Current Affairs Quiz 22 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.
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- Which Organization has recently (in May 2024) estimated merchandise exports from India are expected to reach USD 500-510 billion in FY-25(2024-25).
1) World Trade Organization
2) World Bank
3) UN Trade and Development
4) National Agricultural Cooperative Marketing Federation of India
5) Federation of Indian Export OrganisationsAnswer-5) Federation of Indian Export Organisations
Explanation:
According to the Federation of Indian Export Organisations (FIEO), the apex body for exporters in India, merchandise exports from India is expected to increase around 14% i.e. to USD 500-510 billion in FY25(2024-25).
• India’s merchandise export saw a contraction of 3% with USD 437 billion in FY24 (2023-24).
• Further, it also estimated that services exports will reach to USD 390-400 billion in FY25. Thereby, net worth of total exports from India will be around USD 890-910 billion.
• India’s total exports stood at USD 788 billion in FY24.
• Target: It is expected to increase Indian exports from USD 778 billion (2023-24) to USD 2000 billion by 2029-30. - Which bank/financial institution has recently (in may’24)signed a Memorandum of Understanding (MoU) with Airbus Helicopters for financing the purchase of Airbus helicopters in India?
1) State Bank of India
2) Bharat Financial Inclusion Limited
3) Bank of Baroda
4) Small Industries Development Bank of India
5) Export-Import Bank of IndiaAnswer-4) Small Industries Development Bank of India
Explanation:
The Small Industries Development Bank of India (SIDBI) signed a Memorandum of Understanding (MoU) with Airbus Helicopters for financing the purchase of Airbus helicopters in India.• The MoU was signed by Rahul Priyadarshi, Chief General Manager(CGM), SIDBI and Sunny Guglani, Head of Airbus Helicopters, India and South Asia.
• The MoU will enable both Airbus Helicopters and SIDBI to identify potential civil helicopter operators in India who are interested in financing solutions for the purchase of helicopters. - Name the Trade Receivables electronic Discounting System (TReDS) platform that has recently (in May’24) crossed the Rs 1 lakh crore in MSME Invoice Financing.
1) Receivables Exchange of India Limited
2) National Stock Exchange of India Limited
3) BSE
4) NCDEX e-Markets Limited
5) InvoicemartAnswer-1) Receivables Exchange of India Limited
Explanation:
India’s 1st Trade Receivables electronic Discounting System (TReDS) exchange platform, Receivables Exchange of India Limited (RXIL), has financed over 50 lakh Micro, Small, and Medium Enterprise (MSME) invoices totaling Rs 1 lakh crore.
• RXIL has over 25,000 registered MSMEs. It has strategic partnerships with state governments for timely and competitive payments.
• RXIL is a joint venture (JV) promoted by the Small Industries Development Bank of India (SIDBI), NSE India (National Stock Exchange of India Ltd, State Bank of India (SBI), ICICI Bank, and YES Bank Limited. - In May 2024, RITES Limited, the export arm of Indian Railways, signed a USD 111.26 million (approximately Rs 915 crore) contract agreement to supply 200 Broad-Gauge (BG) passenger carriages to ___________ Railways.
1) Philippines
2) Bhutan
3) Guyana
4) Bangladesh
5) Sri LankaAnswer-4) Bangladesh
Explanation:
On 20th May 2024, RITES Limited, export arm of Indian Railways, signed a USD 111.26 million (approximately Rs 915 crore) contract agreement to supply 200 Broad-Gauge (BG) passenger carriages to Bangladesh Railways.
• The contract is funded by Luxembourg-based European Investment Bank (EIB).
• The contract includes a 36-month supply and commissioning period, followed by a 24-month warranty period. - In May 2024, Indian Oil Corporation Limited exported its first-ever parcel of XP100, India’s 1st superior 100-octane premium fuel, from Jawaharlal Nehru Port Trust (JNPT) to ______________________ in ______________(country)
1) Abu Dhabi National Oil Company; United Arab Emirates
2)Lanka IOC; Sri Lanka
3)Panasonic Energy Co. Ltd; Japan
4) IHI Corporation; Japan
5) Bangla IOC; DhakaAnswer-2)Lanka IOC; Sri Lanka
Explanation:
Indian Oil Corporation Limited (IOCL), a leading energy company in India, exported its first-ever parcel of XP100, India’s 1st superior 100-octane premium fuel, from Jawaharlal Nehru Port Trust (JNPT), Nava Sheva, Navi Mumbai, Maharashtra to Lanka IOC, a subsidiary of IOCL in Sri Lanka.
• The domestically developed XP100, leverages IndianOil’s indigenous Octamax Technology, designed for high-end vehicles. It is distinguished by its exceptional anti-knock properties.
• XP100 reduces engine deposits and emissions in high compression ratio engines, optimizing vehicle performance and longevity while minimizing maintenance. - According to the Bloomberg Billionaires Index (as of 20th May 2024), Mukesh Ambani is ranked 12th with a net worth of USD 110 billion.
_______________ has topped the list with a net worth of USD 220 billion.
1) Gautam Adani
2) Larry Page
3) Jeff Bezos
4) Elon Musk
5) Bernard ArnaultAnswer-5) Bernard Arnault
Explanation:
According to the Bloomberg Billionaires Index (daily ranking index as of 20th May 2024), Mukesh Ambani, Chairman and Managing Director (CMD) of Reliance Industries Limited (RIL); and Gautam Adani, Founder and Chairman of the Adani Group, are featured among the top 15 of world’s richest people.
• Mukesh Ambani is ranked 12th with a total net worth of USD 110 billion and Gautam Adani is ranked 14th with a net worth of USD 100 billion.
• Bernard Arnault, the founder and Chief Executive Officer (CEO) of LVMH Moët Hennessy Louis Vuitton, tops the world’s richest list with a net worth of USD 220 billion.
Note: For the first time, each person in the top 15 super rich in the world has a net worth of USD 100 billion or more. - Who has been recently (in may’24) re-elected as the President of Dominican Republic for 2nd Term?
1) Prabowo Subianto Djojohadikusumo
2) Luis Rodolfo Abinader Corona
3) José Raúl Mulino
4) Azali Assoumani
5) Leonel FernandezAnswer- 2)Luis Rodolfo Abinader Corona
Explanation:
Luis Rodolfo Abinader Corona has been re-elected as the President of the Dominican Republic for 2nd four-year term from 2024 to 2028. He has been serving as the President of the Dominican Republic since 2020.
• Abinader won the presidential election by securing 58.85% of the vote. Leonel Fernandez, former President, finished 2nd with 27.29% of the votes.
• In 2020, he has been elected as the 54th President of Dominican Republic for the period 2020-2024. - Name the company /organisation has recently (in may’24) become the world’s 1st private entity to test its Synthetic Aperture Radar (SAR) technology successfully on a subscale High Altitude Pseudo-Satellite (HAPS).
1) Adani Defence and Aerospace
2) Flying Wedge Defence and Aerospace Technologies Private Limited
3) GalaxEye Space Solutions Pvt Limited
4) Defence Research and Development Organisation
5) Tata Advanced Systems LimitedAnswer-3) GalaxEye Space Solutions Pvt Ltd
Explanation:
GalaxEye Space Solutions Pvt Ltd has successfully tested its Synthetic Aperture Radar (SAR) technology on a subscale High Altitude Pseudo-Satellite (HAPS) developed by the Council of Scientific and Industrial Research (CSIR) – National Aerospace Laboratories (NAL).
• With this, GalaxEye becomes the world’s 1st private entity to conduct SAR trials on the HAPS platform.
• The HAPS platform was tested at a height of 25,000 feet (7.62 kilometer (km)) by the CSIR-NAL on 13th May 2024.
• The demonstration was conducted at the Aeronautical Test Range (ATR) near Chitradurga (Karnataka) and was facilitated by the Defence Research and Development Organisation (DRDO).
• GalaxEye and NAL also have signed a Memorandum of Understanding (MoU) to further develop, integrate, and test SAR payloads for HAPS, enhancing India’s technological capabilities. - Name the company that has recently (in May ‘24) launched “Copilot+ PCs,” a new category of personal computers (PCs) designed for artificial intelligence (AI) capabilities.
1) Microsoft
2) Apple
3) Google
4) HP Inc. (Hewlett-Packard)
5) OpenAIAnswer-1) Microsoft
Explanation:
On May 20, 2024, Microsoft introduced “Copilot+ PCs”, a new category of personal computers (PCs) designed for Artificial Intelligence (AI) capabilities. Copilot+ PCs are the fastest, most intelligent Windows PCs ever built.
• This was developed in collaboration with manufacturers like Acer and ASUSTek Computer. These are designed to manage a AI tasks locally, reducing reliance on cloud data centres. - When was the United Nations (UN) International Tea Day observed across the globe?
1) March 22
2) May 21
3) February 27
4) April 15
5) March 27Answer-2) May 21
Explanation:
The United Nations (UN)’s International Tea Day (ITD) 2024 was observed across the globe on 21st May to promote sustainable production and consumption of tea and highlight the role of tea cultivation in combating hunger and poverty.
• 21st May 2024 marks the observance of the 5th ITD.
• ITD is observed by the Food and Agriculture Organization(FAO) of the United Nations (FAO).Click here to read more
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