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Current Affairs Quiz:31 May 2024

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  1. Which of the following ministries has recently (in May ‘24) signed an MoU with CSC eGovernance Services India Limited to provide the eMigrate services through Common Services Centres (CSCs) in India?
    A) Ministry of Electronics and Information Technology
    B) Ministry of Home Affairs
    C) Ministry of External Affairs

    1) Only A & B
    2) Only A & C
    3) Only B & C
    4) Only B
    5) All A, B & C
    Answer-2) Only A & C
    Explanation:
    The Ministry of External Affairs (MEA), Ministry of Electronics and Information Technology (MeitY), and CSC eGovernance Services India Limited, a Special Purpose Vehicle (SPV) have signed a Memorandum of Understanding (MoU) to provide the eMigrate services through Common Services Centres (CSCs) in India.
    • The MoU was signed during the conference of the National Workshop on ‘Powering Transformation through User Experience and User interface (UI/UX) for Digital Governance’ held on May 28th 2024 at New Delhi, Delhi.
    • The eMigrate project is undertaken to assist blue-collar workers going to Emigration Check Required (ECR) countries.
    • The project was designed to address challenges experienced by migrant workers by making the emigration process online smooth.

  2. Which institute has recently (in May ‘24) partnered with the Defence Research and Development Organisation (DRDO) to inaugurate the DRDO-Industry-Academia Centre of Excellence (DIA CoE) on its campus?
    1) IIT Patna
    2) IIT Madras
    3) IIT Kanpur
    4) IIT Bombay
    5) IIT Kharagpur
    Answer-3) IIT Kanpur
    Explanation:
    The Indian Institute of Technology Kanpur (IITK) has partnered with the Defence Research and Development Organisation (DRDO) and inaugurated the DRDO-Industry-Academia Centre of Excellence (DIA CoE) on IITK campus for interdisciplinary research in next-generation defence technologies.
    • Sanjay Tandon, former director of the Institute of Technology Management (ITM) at Mussoorie, Uttarakhand, has been appointed as the director of the centre of excellence at IITK.
    • The centre aims to lead focused research in various defence verticals, such as advanced nanomaterials, accelerated material design, high-energy materials, and bioengineering.

  3. Name the highest-ranked Indian institution (32nd rank) in the 12th edition of Times Higher Education’s (THE) Asia University Rankings (2024).
    1) Mahatma Gandhi University (MGU), Kottayam (Kerala)
    2) Jawaharlal Nehru University (JNU)(Delhi)
    3) Indian Institute of Science (IISc), Bengaluru (Karnataka)
    4) Indian Institute of Management (IIM), Ahmedabad (Gujarat)
    5) Anna University, Chennai (Tamil Nadu)
    Answer-3) Indian Institute of Science, Bengaluru (Karnataka)
    Explanation:
    i.According to the 12th edition of Times Higher Education’s (THE) Asia University Rankings (2024), the Indian Institute of Science(IISc), Bengaluru (Karnataka), ranked 32nd on the list, is the highest-ranked Indian institution. The 2024 list features a total of 91 Indian institutions.
    ii. Tsinghua University (China) has topped the list for the 6th consecutive year, followed by Peking University (China) and National University of Singapore (NUS) (Singapore) at 2nd and 3rd rank respectively.
    iii. THE Asia University Ranking 2024 ranked 739 universities from 31 countries/regions. This marks an increase of 10.5%, up from 669 in 2023.
    iv. With 119 universities, Japan has the most representation on the 2024 ranking followed by India with 91 universities(up from 75 in 2023) and Mainland China with 86 universities.Click here to read more

  4. Which organisation has recently (in May ‘24) notified a framework to allow the privately placed Infrastructure Investment Trusts (InvITs) to issue subordinate units?
    1) International Financial Services Centres Authority
    2) Insurance Regulatory and Development Authority of India
    3) Pension Fund Regulatory and Development Authority
    4) Reserve Bank of India
    5) Securities and Exchange Board of India
    Answer-5) Securities and Exchange Board of India
    Explanation:
    The Securities and Exchange Board of India (SEBI) has notified a framework which allowed the privately placed Infrastructure Investment Trusts (InvITs) to issue subordinate units.
    • This new framework was introduced by SEBI in the exercise of the powers given under Section 30 read with Sections 11 and 12 of SEBI Act, 1992 and made certain amendments to Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014.
    • Now, Amended regulations called as Securities and Exchange Board of India (Infrastructure Investment Trusts) (Amendment) Regulations, 2024.
    • The Framework aims to narrow the valuation gap due to a difference in valuation done by sponsor(seller) for an asset and that by InvIT (buyer).
    • InvITs are investment instruments similar to mutual funds which allow individuals and institutional investors to make direct investment of money in infrastructure projects to earn a small portion of the income as a return.

  5. Name the scheme that was recently (in May ‘24) launched by the Bank of Maharashtra to offer financial support for food and agro-based industries.
    1) Mahatari Vandana Yojana
    2) Vikas Spoorty
    3) Maha Krishi Samrudhi Yojana
    4) Svyam Siddha
    5) Mahila Samman Saving Certificate Scheme
    Answer-3) Maha Krishi Samrudhi Yojana
    Explanation:
    Bank of Maharashtra(BoM) introduced the Maha Krishi Samrudhi Yojana (MKSY), a pivotal initiative to offer financial assistance to Food and Agro-Based industries and Agri infrastructure projects including startups which are invovled in processing activities, and the development of agricultural infrastructure facilities.
    • Individuals, proprietorships, partnership concerns, Farmer Producer Companies (FPCs), private limited companies, public limited companies, and limited liability partnership(LLP) concerns are eligible for assistance under MKSY.
    • It offers term loans, working capital/Export credit, Letters of Credit (LCs), and Bank Guarantees (BGs) with a maximum loan limit of up to Rs. 100 Crore (no limit on minimum amount).
    • Under MKSY, the repayment period for term loans is up to 10 years. All working capital loans are repayable on demand.

  6. In May 2024, Reliance-backed Radisys India Limited formed a consortium called Next-Gen Infrastructure Company (NGIC) with a few other firms to launch 5G services across __________ (country).
    1) Comoros
    2) Mauritius
    3) Seychelles
    4) Timor–Leste
    5) Ghana
    Answer-5) Ghana
    Explanation:
    The Reliance backed Radisys India Limited has formed a consortium called Next-Gen Infrastructure Company (NGIC) for the Government of Ghana in collaboration with Nokia Corporation, Tech Mahindra Limited, Ascend Digital Solutions Limited, K-NET Private Limited and Mobile Network Operators (MNOs), at Ghana and Telecel Ghana.
    • The NGIC has been awarded a 5G licence and expected to launch 5G services across Ghana within the next six months, followed by expansion to other parts of Africa.
    • It will be the first 5G Mobile Broadband Shared Infrastructure Entity to build a nationwide 4G/5G network.

  7. Name the personality who has been recently (in May ‘24) appointed as the brand ambassador of the Muthoot Pappachan Group (MPG), popularly known as Muthoot Blue.
    1) Shah Rukh Khan
    2) Neeraj Chopra
    3) Valerie Adams
    4) Ranveer Singh
    5) Mahendra Singh Dhoni
    Answer-1) Shah Rukh Khan
    Explanation:
    On 29th May 2024, Muthoot Pappachan Group (MPG), popularly known as Muthoot Blue, has named Bollywood Actor Shah Rukh Khan as its brand ambassador.
    • MPG is the promoter of leading Non-Banking Financial Companies (NBFCs) in India including Muthoot FinCorp Limited, Muthoot Microfin Limited, Muthoot Capital Services Limited, and Muthoot Housing Finance Company Limited.
    • Note: MPG founded in 1887 has diversified into sectors like Financial services, Hospitality, Automotive, Realty, Healthcare, and Alternate Energy. etc.,

  8. Name the Next Generation Anti-Radiation Missile that was recently (in may ‘24) tested by the Defence Research and Development Organisation (DRDO) successfully from the Su-30 MK-I fighter jet of the Indian Air Force (IAF).
    1) VSHORADS missile
    2) RudraM-II
    3) Konkurs-M
    4) Agni-Prime
    5) Igla-S
    Answer-2) RudraM-II
    Explanation:
    On 29th May 2024, Defence Research and Development Organisation (DRDO) successfully conducted the fight-test of RudraM-II, Next Generation Anti-Radiation Missile(NGARM) from Su-30 MK-I fighter jet of the Indian Air Force (IAF). This air-to-surface missile was tested at Integrated Test Range (ITR), Balasore, Off the Coast of Odisha.
    • It is the latest version of RudraM – 1 missile, 1st indigenously developed anti radiation air-to-surface missile was test-fired from Su-30MKI fighter jet in 2020.
    • It can carry a payload of 200 kg and attain a maximum speed of 6,791 km/h (Mach 5.5).
    • This missile has been developed to target the enemy’s ground-based radar and surveillance system as part of the Suppression of Enemy Air Defence (SEAD) missions.
    Indian Army has unveiled an Anti-Tank Guided Missile(ATGM) system mounted on a farm tractor. This “Jugaad” (Hindi for ingenious improvisation) innovation is named as Improvised Tractor Mounted ATGM.
    • Indian Army has transformed a farm tractor to serve as a mobile launcher for Konkurs-M ATGM.Click here to read more

  9. Which country has recently (May 2024) completed the development of its Long-Range Surface-to-Air Missile (L-SAM) system and received the combat readiness certification?
    1) India
    2) Iran
    3) South Korea
    4) Russia
    5) Israel
    Answer-3) South Korea
    Explanation:
    South Korea’s Defense Acquisition Program Administration (DAPA) has completed the development of its Long-Range Surface-to-Air Missile (L-SAM) system and received the combat readiness certification.
    • L-SAM is expected to begin production by 2025 and be deployed for operations by 2028.
    • It is designed to shoot down incoming targets at altitudes of 50-60 kilometres (31-37 miles) and can shoot both ballistic missiles and fighter jets.
    • The project was launched in 2014 and the DAPA subsidiary Agency for Defense Development (ADD) has been developing the L-SAM with local military technology firm LIG Nex1 Co. Limited since 2019.

  10. When was the United Nations (UN) first-ever International Day of Potato observed across the globe with the theme “Harvesting diversity, feeding hope”?
    1) April 23
    2) May 30
    3) March 30
    4) March 20
    5) April 30
    Answer-2) May 30
    Explanation:
    United Nations (UN)’s first-ever International Day of Potato was observed across the globe on 30th May 2024 to raise awareness of the various nutritional, economic, environmental, and cultural values of the Potato (Solanum tuberosum), the 3rd most consumed food crop globally.
    • The annual observance of the day is facilitated by the Food and Agriculture Organization of the United Nations (FAO).
    • The theme of the inaugural International Day of Potato 2024 is “Harvesting diversity, feeding hope”.