AffairsCloud brings you the complete and important daily Current Affairs Quiz 28 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 organisation has recently (in May ‘24) approved a new treaty on Intellectual Property (IP) Genetic Resources (GRs) and Associated Traditional Knowledge (ATK)?
1) United Nations Educational, Scientific and Cultural Organization
2) World Intellectual Property Organization
3) World Trade Organization
4) U.S. Chamber of Commerce
5) UN Trade and DevelopmentAnswer-2) World Intellectual Property Organization
Explanation:
World Intellectual Property Organization (WIPO) Members have approved a new WIPO treaty on Intellectual Property (IP) Genetic Resources (GRs) and Associated Traditional Knowledge (ATK).
• For the 1st time the system of knowledge and wisdom, which has supported economies, societies and cultures for centuries, is now inscribed into the global IP system.
• This will benefit countries of the global South and India, a mega biodiversity hotspot with abundance of traditional knowledge, and wisdom. - Which organisation has lowered the tick size for all stocks from 5 paisa (at present) to 1 paisa for securities priced below Rs 250 in the cash segment?
1) Securities and Exchange Board of India
2) Bombay Stock Exchange
3) Reserve Bank of India
4) National Stock Exchange of India Limited
5) Ministry of FinanceAnswer-4) National Stock Exchange of India Limited
Explanation:
National Stock Exchange of India Limited (NSE) announced that it has lowered the tick size for all stocks from 5 paisa (at present) to 1 paisa for securities priced below Rs 250 in the cash segment. The main objective for this new tick size is to enhance liquidity and improve price discovery by allowing more granular price adjustments.
• The new tick size will be effective from 10th June 2024.
• Also, the stock futures shall have the same tick size from 8th July 2024, as applicable in the cash market segment.
• Tick Size: It is the minimum price increment between two consecutive bid (Buy) and offer (Sell) prices. - For which bank did the Prudential Authority of the South African Reserve Bank (SARB) impose a financial penalty of 10 million rand (~Rs 4.5 crore) for violating anti-money laundering laws?
1) Bank of India
2) Indian Overseas Bank
3) ICICI Bank
4) Bank of Baroda
5) State Bank of IndiaAnswer-5) State Bank of India
Explanation:
The Prudential Authority of the South African Reserve Bank (SARB), the central bank of South Africa (SA), has imposed a financial penalty of 10 million rand (~Rs 4.5 crore) on the State Bank of India (SBI)’s SA branch for violating anti-money laundering laws in SA.
• The financial penalty consists of an immediately payable portion of 5.50 million rand(Rs 2.5 crore), which the bank has already paid. The remaining 4.50 million rand (Rs 2 crore) is suspended for 36 months, and will be paid within the prescribed timeline. - Which bank/financial institution has recently (in May ‘24) revised India’s GDP growth projection for the Calendar Year 2024 to 6.7% from 6.6% by increasing 10 Basis Points (bps)?
1) Goldman Sachs
2) Morgan Stanley
3) Citigroup Inc
4) Organisation for Economic Co-operation and Development
5) Standard CharteredAnswer-1) Goldman Sachs
Explanation:
Goldman Sachs Group Inc has revised its projection for India’s Growth Domestic Product (GDP) for Calendar Year 2024 (CY24), upwards by 10 Basis Points (bps) to 6.7% from 6.6%.
• It has also estimated that Reserve Bank of India (RBI) will cut the interest rates in the 4th Quarter (Q4) of the current Calendar Year (CY24) or Q3FY25(2024-25).
• As per analysts at Goldman Sachs, core inflation in India to bottom out in 2nd Quarter (Q2) of CY24 and will increase to 4% to 4.5% in 2nd half of CY24.
• It also estimated easing cycle of total 50 bps rate cuts from RBI, with 1st interest rate cuts of 25 bps each in Q4-CY24 and Q1-CY25. - Which Indian airport has recently (in May ‘24) won the silver award under the ‘over 35 million passengers per annum category’ in the ‘Airports Council International (ACI) Asia-Pacific & Middle East’ Green Airports Recognition (GAR) 2024?
1) Kempegowda International Airport, Bengaluru
2) Indira Gandhi International Airport, New Delhi
3) Chaudhary Charan Singh International Airport, Lucknow
4) Netaji Subhash Chandra Bose International Airport, Kolkata
5) Chhatrapati Shivaji International Airport, MumbaiAnswer-2) Indira Gandhi International Airport, New Delhi
Explanation:
Airport Council International (ACI) Asia-Pacific and Middle East announced 8th Green Airports Recognition (GAR) awards for 2024. Three Indian Airports have been awarded under Silver category. They are,
• Indira Gandhi International Airport (New Delhi, Delhi) under ‘Over 35 million passengers per annum’ category
• Kempegowda International Airport (KIA) (Bengaluru, Karnataka) under ‘Between 15-35 million passengers per annum’ category.
• Chaudhary Charan Singh International Airport (Lucknow, Uttar Pradesh-UP) under ‘less than 8 million passengers per annum’ category.Click here to read more - Who has been recently (in May ‘24) appointed as the Commandant of the National Defence Academy (NDA)?
1) Kamal Kishore
2) Vivek Kumar Gupta
3) Gurcharan Singh
4) Kishor Makwana
5) Krishna SwaminathanAnswer-3) Gurcharan Singh
Explanation:
Vice Admiral Gurcharan Singh, AVSM, NM an alumnus of the National Defence Academy (NDA) assumed the role of Commandant, NDA (Khadakwasla) on 25 May 2024, in Pune, Maharashtra.
• He succeeded Vice Admiral Ajay Kocchar, AVSM, NM, who assumed the appointment of Commandant, NDA on 01 April 2022.
• He was awarded the Flag Officer Commanding-in-Chief (FOC-in-C) Commendation (2002), Nao Sena Medal (NM) (2020), and Ati Vishisht Seva Medal (AVSM) (2024).
• Under his command, INS Khukri received the Chief of Naval Staff (CNS) ‘Unit Citation’ in 2011. - Who has been recently (in May ‘24) re-elected as the president of the Republic of Lithuania for the 2nd five-year term from 2024 to 2029?
1) Tamas Sulyok
2) Gitanas Nauseda
3) Peter Pellegrini
4) Bjarni Benediktsson
5) Robert FicoAnswer-2) Gitanas Nauseda
Explanation:
Gitanas Nauseda has been re-elected as the President of Republic of Lithuania for the 2nd five year term from 2024 to 2029. He has been serving as the President of Lithuania since 2019.
• Nauseda has won the presidential election by securing 74.43% of the total votes. Ingrida Simonyte finished 2nd with 24.06% of the votes.
• He also served as a Chief economist to the chairman of SEB bankas (commercial bank in Lithuania) from 2008 to 2018. - Name the company that has recently (in May ‘24) bagged a Contract from DRDO’s Gas Turbine Research Establishment (GTRE) to supply advanced turbo gas generator engines.
1) Skyroot Aerospace Private Limited
2) BEML Limited
3) Azad Engineering Limited
4) Mahindra Defence Systems Limited
5) Tata Advanced Systems LimitedAnswer-3) Azad Engineering Limited
Explanation:
Hyderabad (Telangana)-based, Precision Engineering and Manufacturing Company, Azad Engineering Limited has bagged contract from the Gas Turbine Research Establishment (GTRE), an Research and Development (R&D) organisation of Defence Research and Development Organisation (DRDO) and Ministry of Defence (MoD), Government of India (GoI), to provide end-to-end manufacturing, assembly and integration of completely-assembled advanced turbo gas generator engine for Defence programmes of India.
• The company will deliver 1st batch of fully integrated turbo engines by early 2026.
• The engine is designed with a single-spool turbo jet set up. - In May 2024, SpaceX launched its 1st batch of operational spy satellites as part of a new ____________ intelligence network to enhance space-based surveillance powers.
1) Sweden
2) United Kingdom
3) Russia
4) South Korea
5) United States of AmericaAnswer-5) United States of America
Explanation:
On 22nd May 2024, American aerospace company, SpaceX launched 1st batch of operational spy satellites. These satellites were built by SpaceX as part of a new United States of America (U.S.A.) intelligence network, to enhance the country’s space-based surveillance powers.
• The mission called NROL-146, was launched aboard the Falcon 9 Rocket which lifted off from the Vandenberg Space Force Base in South California, U.S.A.
• SpaceX in collaboration with Northrop Grumman Corporation (Northrop Grumman) is developing hundreds of satellites for U.S. National Reconnaissance Office (NRO), an intelligence agency. - Bardiya Daneshwar, Iranian chess grandmaster(GM), won the Masters title at the Sharjah Masters 2024.
Name the Indian Chess player who won the Challengers title at the Sharjah Masters 2024.
1) Dommaraju Gukesh
2) Divya Deshmukh
3) Koneru Humpy
4) Vaishali Rameshbabu
5) Arjun ErigaisiAnswer-2) Divya Deshmukh
Explanation:
Bardiya Daneshwar, a 17-year-old Iranian chess grandmaster(GM), won the Masters title at the Sharjah Masters 2024, the 7th edition of the International Chess tournament, held in Sharjah, the United Arab Emirates(UAE) from 14th to 22nd May 2024.
• This marks Daneshvar’s first-ever title at the Sharjah Masters.
• Divya Deshmukh, an 18-year-old Indian Chess International Master (IM), won the Challengers title at the Sharjah Masters 2024. Leya Garifullina (Russia) and Sina Movahed (Iran) finished at the 2nd and 3rd respectively.
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