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Current Affairs Quiz:23 May 2024

AffairsCloud brings you the complete and important daily Current Affairs Quiz 23 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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  1. According to provisional payroll data released by __________, formal job creation increased by 11.4% in 2023–24 (FY24) to 15.4 million, compared to 13.85 million in FY23.
    1) National Sample Survey Office
    2) International Labour Organization
    3) Employees’ Provident Fund Organisation
    4) Department of Economic Affairs
    5) NITI Aayog
    Answer & Explanation
    Answer-3) Employees’ Provident Fund Organisation
    According to the Provisional Payroll Data, released by the Employees’ Provident Fund Organisation (EPFO), Ministry of labour and employment, formal job creation under the EPFO rose by 11.4% in 2023-24 (FY24) to 15.4 million compared to 13.85 million in FY23.
    • Provisional payroll data for March 2024 shows 1.44 million net members were added to EPFO, down from 1.54 million in February 2024.
    • In March 2024, 0.74 million new members joined EPFO, with 56.83% in the 18-25 age group, indicating many are first-time job seekers.
    • About 1.18 million members exited and rejoined EPFO, choosing to transfer their accumulations instead of applying for final settlement.
    • Gender-wise, 0.2 million new female members joined, with a net addition of 0.29 million, indicating a shift towards a more inclusive workforce.

  2. According to the World Economic Forum’s Travel & Tourism Development Index 2024, India is ranked ___________________, and the _______________ (country) topped the 2024 ranking.
    1) 159th; Norway
    2) 3rd, the United States of America(USA)
    3) 54th, Switzerland
    4) 93rd; Denmark
    5) 39th; the United States of America(USA)
    Answer & Explanation
    Answer-5) 39th; the United States of America(USA)
    According to the World Economic Forum (WEF)’s 2nd edition of the Travel & Tourism Development Index (TTDI 2024), India is ranked 39th among 119 economies with a TTDI score of 4.25.
    • The United States of America (USA) has topped the list with a TTDI score of 5.24 followed by Spain (5.18) and Japan (5.09) at 2nd and 3rd rank respectively.
    • India is ranked highest in South Asia and among the lower-middle-income economies. India was ranked 54th in TTDI 2021 with a score of 4.1.
    • TTDI 2024 evolved from the Travel & Tourism Competitiveness Index (TTCI) series, a flagship index of WEF that has been in production since 2007.Click here to read more
    About World Economic Forum (WEF):
    President – Børge Brende
    Headquarters – Cologny, Switzerland
    Established – 1971

  3. Which organisation has recently (in May ‘24) published the report titled “State and Trends of Carbon Pricing 2024,” stating that carbon pricing revenues reached a record of USD 104 billion in 2023?
    1) World Bank
    2) Niti Aayog
    3) Asian Development Bank
    4) Reserve Bank of India
    5) United Nations Framework Convention on Climate Change
    Answer & Explanation
    Answer- 1) World Bank
    According to the World Bank (WB)’s 11th annual report titled “State and Trends of Carbon Pricing 2024”, total revenues from carbon taxes and Emissions Trading Systems (ETSs) in 2023 have reached a record high of USD 104 billion.
    • For the first time, the carbon pricing revenues have crossed the threshold of USD 100 billion.
    • The total revenue from carbon taxes and ETS in 2022 was about USD 95 billion.
    • Adjusted for inflation, the carbon prices should now be USD 63 to 127/ton of carbon dioxide equivalent (tCO2e).

  4. Name the bank that has recently (in may’24) signed a Memorandum of Understanding (MoU) with VST Tillers Tractors Limited to provide financial solutions for farmers purchasing tractors and farm mechanization products.
    1) IndusInd Bank Limited
    2) Axis Bank
    3) Karnataka Bank
    4) Punjab & Sind Bank
    5) Indian Bank
    Answer & Explanation
    Answer-2) Axis Bank
    Bengaluru(Karnataka) based VST Tillers Tractors Limited (VST), a farm equipment manufacturer, has signed a Memorandum of Understanding (MoU) with Axis Bank Limited to provide financial solutions for farmers purchasing tractors and farm mechanization products.
    • Under the MoU, Axis Bank will offer financial solutions through its 5370 branches to VST’s prospective customers.
    • The partnership aims to provide easy access to credit facility for adapting farm mechanization.

  5. Name the company that has become India’s third unicorn (with a valuation of USD 1 billion and above) in 2024.
    1) Krutrim
    2) Razorpay
    3) Perfios
    4) Swiggy
    5) Porter
    Answer & Explanation
    Answer- 5) Porter
    Bengaluru(Karnataka)-based logistics services platform, Porter has become 3rd Unicorn of India in 2024, with valuation of around USD 1 billion.
    • Porter became unicorn after completing a fresh internal round, where individuals bought shares from the employee stock ownership plan (ESOP) pool at a valuation of USD 1 billion.
    • So far, Ola’s Artificial Intelligence (AI) startup Krutrim and Fintech-focussed Software as a Service (SaaS) firm Perfios are the other two Indian startups that emerged as Unicorn in 2024.
    Note:A unicorn is a term used to describe privately owned startups or companies whose valuation is more than USD 1 billion.

  6. Name the book written by Jenny Erpenbeck and translated by Michael Hofmann, that has recently(in May ‘24) won the International Booker Prize 2024.
    1) Night Watch
    2) Kairos
    3) The Book Beautiful
    4) Staliner Divan
    5) King: A Life
    Answer & Explanation
    Answer-2) Kairos
    German author Jenny Erpenback and translator Michael Hofmann have been named the winner of the International Booker Prize 2024 for the book ‘Kairos’. The announcement was made by Eleanor Wachtel, Chair of the 2024 judges, at a ceremony sponsored by Maison Valentino at Tate Modern in London, the United Kingdom (UK).
    • Jenny Erpenbeck became the 1st German writer to win the Prize, and Michael Hofmann became the 1st male translator to win since the Prize launched in its current form in 2016.
    • Kairos became the 1st book translated from German to English to win the International Booker here to read more

  7. Who has been recently (in May ‘24) elected as the President of Vietnam for the 2021-2026 tenure?
    1) Srettha Thavisin
    2) Prabowo Subianto Djojohadikusumo
    3) To Lam
    4) Sheikh Hasina
    5) Abdel Fattah Al-Sisi
    Answer & Explanation
    Answer-3) To Lam
    On 22nd May 2024, the 15th National Assembly of Viet Nam has elected General To Lam as the New President of the Socialist Republic of Viet Nam for the 2021-2026 tenure.
    • He takes over from Vice President Vo Thi Anh Xua, who has been serving as the Interim President since 21st March 2024 following the resignation of President Vo Van Thuong on 20th March 2024.
    • He holds the rank of four-star General in the People’s Public Security Forces of Vietnam.
    • He served as the Deputy Minister of Public Security of Vietnam from 2010 to 2016 and he became Minister of Public Security in April 2016.
    Note:Tran Thanh Man, vice chairman of Viet Nam’s National Assembly, has been named as the Chairman of the National Assembly.

  8. Who has been recently (in may ‘24) appointed as the whole time Executive Director of IDFC First Bank Limited for a period of 3 years?
    1) V. Vaidyanathan
    2) Pradeep Natarajan
    3) Atul Mehra
    4) Rakesh Mohan
    5) Ajith Kumar KK
    Answer & Explanation
    Answer-2) Pradeep Natarajan
    The Reserve Bank of India (RBI) has approved the appointment of Pradeep Natarajan as whole time Executive Director of IDFC First Bank Limited for a period of 3 years.
    • The appointment will come effective after the approval of the shareholders of bank.

  9. Who has recently (in may ‘24) won the inaugural Casablanca Chess Variant Tournament 2024 that was held in Morocco?
    1) Hikaru Nakamura
    2) Gukesh D
    3) Magnus Carlsen
    4) Vishwanathan Anand
    5) Rameshbabu Praggnanandhaa
    Answer & Explanation
    Answer-3) Magnus Carlsen
    Five-time World Champion & World No. 1 Chess player Magnus Carlsen won the inaugural Casablanca Chess Variant Tournament 2024 that was held on 18th-19th May, 2024 at Mahkama du Pacha in Casablanca, Morocco.
    • Hikaru Nakamura from the United States of America (U.S.A.) secured 2nd position with 3.5 points.
    • 5-time World Champion and Indian Chess Player, Vishwanathan Anand secured the 3rd position with 3 points.

  10. When was the United Nations (UN) International Day for Biological Diversity (IDB) 2024 observed across the globe?
    1) April 27
    2) February 11
    3) March 20
    4) April 16
    5) May 22
    Answer & Explanation
    Answer-5) May 22
    The United Nations (UN) International Day for Biological Diversity(IDB) is annually observed across the globe on 22nd May to increase understanding and awareness of biodiversity issues and to promote the conservation of biological diversity.
    • The theme of IDB 2024 is “Be part of the Plan”.
    • The first ever International Day for Biological Diversity was observed on 22nd May 2002.Click here to read more

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