MAY - CA - CFC Flashcards

Question

*Which organisation/regulatory body has recently (in May’ 24) raised India’s Gross domestic product (GDP) growth forecast by 40 basis points to 6.6% for FY25 (2024-25)?* 1) Securities and Exchange Board of India 2) International Monetary Fund 3) Reserve Bank Of India 4) Organisation for Economic Co-operation and Development 5) Fitch

Answer 1

*Answer-4) Organisation for Economic Co-operation and Development Explanation:* According to “OECD Economic Outlook, Volume 2024 Issue 1”, Paris(France) based Organisation for Economic Co-operation and Development (OECD) has raised India’s GDP (Gross domestic product) growth forecast for FY25 (2024-25) by 40 basis points (bps) to 6.6% from 6.2% projected earlier. • Global GDP growth is projected at 3.1% in 2024 and 3.2% in 2025 supported by factors including stronger real income growth and lower policy interest rates. • India’s GDP is projected at 7.8% in FY24, and around 6.5% in both FY25 and FY26, driven by strong investment despite sluggish private consumption. • The 2024 Interim Union Budget aims for consolidation, setting a fiscal deficit target at 5.1% of GDP for FY25. Option revision: 2. The International Monetary Fund (IMF) raised India’s growth projection to 6.8% for FY 25. • The World Bank expects the Indian economy to grow by 6.6% in the fiscal year 2024-25 5. On March 2024, Fitch Rating, an international credit rating agency, has increased its forecast for India’s Gross Domestic Product (GDP) growth by 0.5% points to 7% for the fiscal year 2024-25 (FY25)

Answer 2

*Answer-2) Purnima Devi Barman Explanation:* On May 1, 2024, a wildlife biologist from Assam, Dr Purnima Devi Barman has been honoured with Whitley Gold Award 2024 aka ‘Green Oscar’ by the Whitley Fund for Nature (WFN) at a Royal Geographical Society awards ceremony in London, United Kingdom (UK). • The award acknowledged her conservation efforts of the endangered Greater Adjutant Stork (known locally as ‘Hargila‘ in Assamese) and its wetland habitat. • She received the trophy from charity patron Princess Anne – the Princess Royal, the sister of King Charles III. • The 2024 Whitley Award conferred upon 6 individuals. Click here for official site. Option revision: 1. On 28 & 29 January 2024, The City of London Corporation honoured Ajit Mishra, an India-born Lawyer in the United Kingdom(UK) with the “Freedom of the City of London” Award for his contribution to strengthening the business partnership between the City of London and India. 3. On 23 February 2024, Member of Parliament (MP) and prolific author Shashi Tharoor was conferred with “Chevalier de la Légion d’Honneur” (Knight of the Legion Honour), the highest French civilian award, by French Senate President Gerard Larcher at the event in the French Embassy in New Delhi, Delhi. 4. On 5 April 2024, Kiran Nadar, Philanthropist and an art collector, was conferred with “Chevalier de la Légion d’Honneur” (Knight of the Legion Honour), the highest French civilian award, by Emmanuel Lenain, French Ambassador to India in a ceremony held at the Residence of France in New Delhi, Delhi.

Answer 3

*Answer-3) Sanjaya Kumar Mishra Explanation:* The Appointment Committee of the Cabinet (ACC) has approved the appointment of Sanjaya Kumar Mishra, the former Chief Justice (CJ) of the High Court (HC) of Jharkhand, as the President of Goods and Services Tax Appellate Tribunal (GSTAT). • The Government of India established the GSTAT to facilitate the resolution of disputes within the business sector. GSTAT aims to commence the operations from 1st July 2024. Option revision: 1. On 8th April 2024, the Finance Ministry appointed Justice PS Dinesh Kumar as Presiding officer of Securities Appellate Tribunal for 4 years. 2. On 10th January 2024, National Legal Services Authority (NALSA) nominated Justice Bhushan Ramakrishna (BR) Gavai, a judge of the Supreme Court of India, as the Chairman of Supreme Court Legal Services Committee(SCLSC). 4. On 2nd March 2024, Former Supreme Court judge Ajay Manikrao Khanwilkar was appointed as the chairperson of Lokpal

Answer 4

*Answer-4) Chang’e-6 Explanation:* On 3rd May, 2024, China National Space Administration (CNSA) successfully launched an uncrewed lunar probe, namely “Chang’e-6,” through Long March- 5 Y8 carrier rocket from the Wenchang Space Launch Center in the southern province of Hainan, China. • It is the world’s first mission to collect and bring back samples from the far side of the moon. • It is developed by the Institute of Space Technology (IST), Islamabad, Pakistan in partnership with Shanghai Jiao Tong University (SJTU), Shanghai, China and Pakistan’s space agency, Space and Upper Atmosphere Research Commission (SUPARCO). • It also carries a miniature satellite named “ICUBE-QAMAR cubesat” from Pakistan. Option revision: 1. On 18th January 2024, Space Exploration Technologies Corporation’s (SpaceX) Falcon 9 rocket launched Axiom Space’s Axiom Mission 3 (Ax-3) to the International Space Station (ISS) from Launch Complex 39A (LC-39A) at National Aeronautics and Space Administration (NASA)’s Kennedy Space Center in Florida, The United States of America(USA). • The mission carried the Türkiye’s 1st astronaut, Alper Gezeravcı, along with crew members representing Spain, Italy and Sweden aboard the SpaceX’s Dragon ‘Freedom’ spacecraft. 2. On 11th April 2024, Tata Advanced Systems Limited (TASL), has successfully launched TSAT-1A, India’s first private sector-built sub-metre resolution Earth Observation Satellite on board the Space Exploration Technologies Corporation’s (SpaceX’s) Falcon 9 rocket • This was one of the 11 satellites launched as a part of the ‘Bandwagon-1’ Mission, SpaceX’s first rideshare mission to LEO at inclinations of about 45 degrees. 3. On 1st January 2024, Indian Space Research Organisation (ISRO) launched XPoSat (X-ray Polarimeter Satellite), India’s 1st dedicated polarimetry mission onboard the Polar Satellite Launch Vehicle (PSLV)-C58 from Satish Dhawan Space Centre in Sriharikota, Andhra Pradesh (AP). • PSLV-C58 has launched XPOSAT Satellite into an Eastward low inclination orbit.

Answer 5

*Answer-5) India Explanation:* India is set to host the Badminton World Federation (BWF) World Junior Championships 2025 at the Badminton Association of India’s (BAI) National Centres of Excellence (NCOE) in Guwahati, Assam. • This marks the return of the World Junior Championships to India for the first time since 2008. • The BWF Men’s & Women’s World Team Championships 2026 (Thomas Cup & Uber Cup) will be hosted by Horsens, Denmark. • Denmark is set to host the event for the second time. Option revision: 2. In January 2024, The Indian badminton pair Satwiksairaj Rankireddy and Chirag Shetty won the men’s doubles title by defeating Chinese Taipei’s Lee Jhe-Huei and Yang Po-Hsuan at the finals of the YONEX French Open 2024. • The 94th edition of the French Open, the Badminton World Federation (BWF) World Tour Super 750 Badminton tournament, was held from 5-10th March 2024 at the Arena Porte de la Chapelle, Paris, France. 3. In February 2024, The Indian shuttlers won 18 medals (3 gold, 4 silver, and 11 bronze) at the BWF (Badminton World Federation) Para-Badminton World Championships 2024, held from 20th -25th February 2024 in Pattaya, Thailand. 4. In January 2024, Malaysia Open (annual badminton tournament ) – 9th to 14th January 2024. • Satwiksairaj and Chirag also won the silver medal(Runners-up) in the men’s doubles after they lost to Liang Wei Keng and Wang Chang(Winner – Gold Medal) of China in the PETRONAS Malaysia Open 2024.

Answer 6

* Answer-1) 2nd May Explanation:* The United Nations (UN)’s World Tuna Day 2024 was observed across the globe on 2nd May 2024 to spread awareness of the importance of tuna, one of the most economically important fish species. It plays a vital role in food composition and nutrition of humans. • The day underscores the importance of sustainable fishing practices to preserve the balance of marine ecosystems. i. Common Oceans Tuna Project (2022-2027): • The “Sustainable Management of Tuna Fisheries and Biodiversity Conservation in the Areas Beyond National Jurisdiction” project, also known as the “ABNJ Tuna Project,” continues its mission from 2014 to 2019. • This project aims to ensure that all major tuna stocks are fished at sustainable levels by 2027. Click here to read more Option revision: 2. National Maritime Day (NMD) 2024 was observed across India on 5 April 2024 to highlight the significance of the national maritime sector in the development of the Indian economy, global trade, and economic exchange across countries. • 5 April 2024 marks the observance of the 61st National Maritime Day. 3. World Sparrow Day (WSD) 2024 was observed across the globe on 20th March 2024 to raise awareness about the importance of sparrows or house sparrows (Passer domesticus) for biodiversity and the ecosystem • The theme for WSD is “I LOVE Sparrows”. 4. The United Nati*ons (UN)’s World Wetlands Day was observed across the globe on 2nd February 2024 to raise awareness about the vital role of wetlands, a critically important ecosystem for people and the planet. • The 2024 theme of World Wetlands Day is ‘Wetlands and Human Wellbeing’.

Answer 7

*Answer-3) Flying Wedge Defence and Aerospace Technologies Private Limited Explanation:* Bengaluru (Karnataka) based Flying Wedge Defence and Aerospace Technologies Private Limited launched its Unmanned Combat Aerial Vehicle (UCAV) – Flying Wedge Defence 200B (FWD-200B), India’s first indigenous military grade bomber drones.  FWD-200B is a Medium-Altitude, Long-Endurance (MALE) UCAV entirely designed and manufactured in India.  It boasts a 12-20 hour endurance and can achieve a maximum speed of 200 knot (kts)/370 kilometre per hour(kmph). It holds a ground control station (GCS) range of 200 km.  The FWD-200B has a payload capacity of 100 kgs and can carry a maximum takeoff weight of 498 Kg. It will be available for Rs 25 crores.

Answer 8

*Answer-4) Fship Logistics Explanation:* Fship Logistics, a tech-driven logistics platform, has partnered with India Post to enhance last-mile delivery services for e-commerce products, benefiting Direct-to-Consumer (D2C) startups, small and medium businesses (SMBs), and Micro, Small, and Medium Enterprises (MSMEs) across India.  This partnership aims to create economical deliveries, particularly in rural areas with less developed logistics infrastructure.  Fship expands its reach nationwide, including remote areas where India Post is the exclusive courier service.

Answer 9

*Answer-3) Atanu Chakraborty Explanation:* The Reserve Bank of India (RBI) has approved the reappointment of Atanu Chakraborty as Part-Time Chairman of HDFC Bank Limited for 3 years with effect from 5th May 2024 to 4 May 2027.  Following this, the Board of Directors of HDFC Bank has also approved the reappointment of Atanu Chakraborty as Part-Time Chairman and Independent Director of HDFC Bank for 3 years.  Atanu Chakraborty, a 1985 batch Indian Administrative Service (IAS) officer of Gujarat cadre, retired as Secretary of Department of Economic Affairs, Ministry of Finance in April 2020.

Answer 10

*Answer-1) Ujjivan SFB Explanation:* The Reserve Bank of India (RBI) has approved the appointment of Sanjeev Nautiyal as the Managing Director (MD) & Chief Executive Officer (CEO) of the Ujjivan Small Finance Bank Limited (Ujjivan SFB) for 3 years with effect from 1 July 2024. He will join the Bank before taking charge as the MD and CEO and will be designated as the President in the interim.  The current MD and CEO, Ittira Davis, was re-appointed for 2 years, starting January 14, 2023. He is set to be released before his original term expiry.

Answer 11

*Answer-4) Mallika Nadda Explanation:* Dr. Mallika Nadda, President of Special Olympics(SO) Bharat(India), has been appointed as Chairperson of Special Olympics Asia-Pacific Advisory Council(APAC) for 3 years with effect from 1st May 2024 till 31st March 2027.  As the chairperson of APAC, Mallika Nadda will represent the entire Special Olympics Asia Pacific (SOAP) region which includes 34 countries.  She will be SO Bharat representative on the APAC. SO Bharat is a permanent member of APAC. Awards/Accolades: i.She was honoured with Rajiv Gandhi Manav Seva Award in 2010 by Ministry of Women and Child Development(MoWCD) in recognition of her contribution in the field of child development. ii.She was awarded with the Derozio Award in 2011 in the field of education and human enrichment.

Answer 12

*Answer-2) Dr. Subhransu Sekhar Acharya Explanation:* On 2nd May 2024, Dr. Subhransu Sekhar Acharya assumed charge of Chairman- cum- Managing Director (CMD) of the National Small Industries Corporation Limited (NSIC), a Mini Ratna (category-II) Government of India Enterprise under Ministry of Micro Small and Medium Enterprises(MoMSME).  He replaced Vipul Goel, Joint Secretary of the MoMSME, who has been serving as CMD (additional charge) since July 2023.  Prior to this appointment, Subhransu Sekhar Acharya was serving as the Chief General Manager, Small Industries Development Bank of India (SIDBI), New Delhi(Delhi) since 2022.

Answer 13

*Answer-1) Krishna Swaminathan Explanation:* On 1 May 2024, Vice Admiral Krishna Swaminathan assumed charge as the Vice Chief of Naval Staff. He previously served as Chief of Personnel at the Naval Headquarters (NHQ) in New Delhi, Delhi. He replaced Admiral Dinesh K Tripathi who assumed charge as Chief of Naval Staff (CNS).

Answer 14

*Answer-1) May 4 Explanation:* International Firefighters’ Day (IFFD) was observed across the globe on 4th May 2024 to acknowledge the sacrifices of firefighters and honour their dedication to keeping communities and environments safe.  IFFD significantly honours those who have lost their lives in the line of duty and expresses gratitude for the ongoing dedication of firefighting professionals.  May 4 also marks St Florian’s Day, named after St Florian (250-304AD), the patron saint of firefighters and a high-ranking Roman Army officer.  A red-blue ribbon (pinned together at the top) is the symbol of IFFD, which holds profound symbolism, reflecting the core elements of firefighters’ work.Red symbolises fire, and Blue represents water.

Answer 15

* Answer- 5) May 3 Explanation: International Leopard Day was observed across the globe on 3rd May 2024 to raise awareness about the conservation and protection of leopards, the most adaptable of the big cats, and their habitats worldwide.  Leopards are listed as “Vulnerable” in the International Union for the Conservation of Nature (IUCN) Red List of Threatened Species, with some subspecies classified as Critically Endangered.  India is home to 13,874 leopards, Madhya Pradesh leads with 3,907 leopards, followed by Maharashtra, Karnataka, and Tamil Nadu.

Answer 16

*Answer- 4) HyImpulse Explanation:* On 3rd May 2024, German private space company HyImpulse successfully test-launched a candle wax-powered rocket “SR75” from a launch site in Koonibba, South Australia.  It is for the 1st-time a rocket carrying commercial satellites on a test suborbital flight into space.  The test rocket is 12 metre(m) long and weighs around 2.5 tonne single stage rocket.  The rocket has the capacity of carrying satellites which weighs up to 250 kg to an altitude of up to 250 kilometers.  It is fuelled by paraffin (candle wax) and liquid oxygen.

Answer 17

*Answer-2) Mindgrove Explanation:* On May 6 2024, Mindgrove Technologies Private Limited, a semiconductor startup backed by Indian Institute of Technology Madras (IITM) Pravartak Technologies Foundation and IIT Madras Incubation Cell, launched India’s first commercial System on Chip (SoC) named Secure Internet of Things (IoT).  It will probably be 30% less expensive than existing chips in comparable categories and is intended for IoT devices.  The Microcontroller Unit (MCU) chip has undergone the successful Multi-Project Wafer (MPW) tape-out at the 28 nanometer (nm) node.  The Secure IoT is a high-performance micro-controller clocked at 700 Megahertz (MHz).

Answer 18

*Answer-3) 159th Explanation:* According to the 22nd edition of the World Press Freedom Index (WPFI 2024) released by Reporters Without Borders (RSF – Reporters sans frontières in French), India is ranked 159th out of 180 countries with a score of 31.28. · India was ranked 161st in 2023 with a score of 36.62. · Norway tops the 2024 index for the 8th consecutive year followed by Denmark (2nd) and Sweden (3rd). · The last 3 places are occupied by: Eritrea (180th); Syria (179th), and Afghanistan (178th). · The index ranks 180 countries on the ability of journalists to work and report freely and independently by covering five categories viz. Political Context, Legal Framework, Economic Context, Social Context and Security. On the occasion of World Press Freedom Day 2024 (3rd May 2024), The United Nations Educational, Scientific and Cultural Organization (UNESCO) released a report titled “Press and Planet in Danger:safety of environmental journalists; trends, challenges and recommendations”. · The report highlighted that a total of 44 journalists reporting on environmental issues were killed in 15 different countries between 2009 and 2023, with only 5 cases resulting in convictions. Around 24 journalists survived murder attempts.

Answer 19

*Answer-3) REC Limited Explanation:* On 3rd May 2024, REC Limited(formerly Rural Electrification Corporation Limited), has received a No Objection Certificate (NOC) from the Reserve Bank of India (RBI) for establishing a wholly-owned subsidiary in the International Financial Services Centre (IFSC) in Gujarat International Finance Tec-City (GIFT City), Gandhinagar, Gujarat. · The subsidiary will engage in permissible activities as a Finance Company within GIFT City.

Answer 20

*Answer- 2) José Raúl Mulino Explanation:* On 5th May 2024, José Raúl Mulino (64 years old), former Minister of Public Security, was elected as the New President of the Republic of Panama. He won the 2024 Presidential election by securing 34% of the total votes. · He will take office as the head of state and head of the government, for a single five-year term on 1st July 2024. · He will succeed Laurentino Cortizo Cohen, who has been serving as the President of Panama since 2019.

Answer 21

*Answer-1) Rakesh Singh Explanation:* In April 2024, Bengaluru (Karnataka)-based Paytm Money Ltd, the wholly-owned subsidiary of One97 Communications Limited, has appointed Rakesh Singh as its new Chief Executive Officer (CEO). He was appointed following the resignation of Varun Sridhar, who has been serving as CEO of Paytm Money since 2020. · Prior to this appointment, Rakesh Singh was serving as the CEO of broking services at PayU-backed Fisdom, a discount brokerage firm, for over 5 years.

Answer 22

*Answer-5) Airbus Defence and Space Explanation:* The Indian Air Force (IAF) received its second C-295 transport aircraft from Airbus Defence and Space S.A., Spain. C-295 aircraft will replace Avro Hawker Siddeley HS-748 aircraft in IAF service since 1960.  It is also equipped with a radar warning receiver (RWR), Missile Approach Warning System (MAWS), and a laser warning system (LWS). Note: 1st C-295 transport aircraft was formally inducted into IAF in September, 2023.

Answer 23

*Answer-3) China Explanation:* The People’s Republic of China’s men’s team won the 33rd edition of Badminton World Federation (BWF) Thomas Cup 2024 after defeating Indonesia men team 3-1. It is China’s 11th Thomas cup title. The BWF 2024 Championship was held in Chengdu, China from 29th April to 5th May 2024. · China’s women’s team has clinched the 30th edition of Badminton World Federation (BWF) Uber Cup 2024 after defeating Indonesia by 3-0.This is China’s 16th Uber Cup title. · The winners of the Uber Cup include China being ranked one (Gold medal) followed by Indonesia on 2nd(Silver), Japan and South Korea on 3rd (Bronze) and Denmark, Chinese Taipei, India and Thailand holding 5th rank. Click here to view more Note: The winners of the Thomas Cup include China being ranked one (Gold medal) followed by Indonesia on 2nd (Silver), Malaysia and Chinese Taipei on 3rd (Bronze) and Korea, Denmark, India and Japan sharing 5th position.

Answer 24

*Answer-2) 5th May Explanation:* World Laughter Day (WLD) is annually observed across the globe on the 1st Sunday of May to raise awareness about the significance of laughter, a universal language transcending barriers, and its various health benefits.  World Laughter Day 2024 falls on 5 May 2024.  The theme for World Laughter Day 2024 is “Laughter Unites Us All.”  The Day aims to promote world peace and global unity through laughter. Note: World Laughter Day 2023 was observed on 7 May 2023 and World Laughter Day 2025 will be observed on 4 May 2025.

Answer 25

*Answer-4) 5th May Explanation:* International Day of the Midwife (IDM) is annually observed across the globe on 5 May to recognise and acknowledge the contribution of midwives, the healthcare professionals worldwide. · IDM also celebrates the role of midwives, highlighting the significance of educating, training, regulating, and licensing midwives to improve the quality of care and reduce maternal and newborn mortality. · The 2024 theme of International Day of the Midwife is, “Midwives: A Vital Climate Solution.”

Answer 26

*Answer- 2) Fursatganj Railway Station Explanation:* The Ministry of Home Affairs (MHA) has granted a No Objection Certificate (NOC) to change the names of eight railway stations in Amethi, Uttar Pradesh (UP). The renaming of railway stations were proposed by the government of UP. i.The proposed name changes are as follows · Fursatganj railway station to Tapeshwarnath Dham · Kasimpur Halt to Jais City · Jais to Guru Gorakhnath Dham · Bani to Swami Paramhans · Misrauli as Maa Kalikan Dham · Nihalgarh to Maharaja Bijli Pasi · Akbarganj to Maa Ahorwa Bhawani Dham · Warisganj to Amar Shaheed Bhale Sultan

Answer 27

Answer-2) Rs 100 Explanation: Nepal government is set to introduce the new Rs 100 currency note featuring a map which includes the controversial border territories of Lipulekh, Limpiyadhura and Kalapani of Uttarakhand in its strategic northwest trijunction between India, Nepal and China.  During the meeting held on 25th April 2024 and 2nd May 2024, The Nepal Cabinet approved to re-design the Rs 100 banknote and replace the old map printed in the background of the note. Note: Nepal shares a border of over 1,850 km with 5 Indian states – Sikkim, West Bengal, Bihar, Uttar Pradesh and Uttarakhand.

Answer 28

Answer-3) Asian Development Bank Explanation: Asian Development Bank(ADB) and Citigroup Inc. (Citi), an American multinational investment bank, have partnered to sign a Master Risk Participation Agreement (MRPA) to enhance access to supply chain financing for Small and Medium-Sized Enterprises (SMEs) and support over USD 100 million in additional annual trade across Asia-Pacific.  The MRPA signed between ADB’s Trade and Supply Chain Finance Program (TSCFP) and Citibank North America will enable SME across Asia to access Citi’s supply-chain finance offerings via ADB’s TSCFP.

Answer 29

Answer-1) Unified Payment Interface Explanation: India and Ghana have agreed to operationalise the Unified Payment Interface (UPI) of National Payments Corporation of India (NPCI) on Ghana Interbank Payment and Settlement Systems (GHIPSS) within a period of 6 months.  The linkage of India and Ghana payments system allows instant and low-cost fund transfers for users in both India and Ghana. This was discussed during the 4th session of India-Ghana Joint Trade Committee (JTC) held from 2nd to 3rd May 2024 in Accra, Ghana.

Answer 30

Answer-5) 7.1% Explanation: On May 6 2024, The India Ratings and Research (Ind-Ra) Private Limited , a wholly owned subsidiary of Fitch group, raised India’s Gross Domestic Product (GDP) growth forecast for fiscal year 2024-2025 (FY25) to 7.1% from 6.5%.  Ind-Ra expects average retail and wholesale inflation at 4.6% and 2.9%, respectively, in FY25.  Ind-Ra expects private final consumption expenditure (PFCE) to grow by 7.0% year-on-year in FY25, marking a three-year high.  The capital expenditure continues to support investment demand, with Gross Fixed Capital Formation (GFCF) forecast to increase by 8.5 % year on year in FY25.  Ind-Ra expects goods and services exports to expand by 6.6% year on year and imports to grow by 8.8% year on year in FY25, up from 1.5% and 10.9%, respectively, in FY24.

Answer 31

*Answer-2) National celebrity Ambassador Explanation:* On May 4, 2024, UNICEF (United Nations Children’s Fund) India named Bollywood Actress Kareena Kapoor Khan as its National celebrity Ambassador. In this role, she will advocate for children’s rights to early development, health, education, and gender equality.  The appointment comes with the celebration of the 75th year of UNICEF’s partnership with India. Click here to view more

Answer 32

*Answer-4) Mahendragiri, Tamil Nadu Explanation:* On May 2, 2024, the Indian Space Research Organisation (ISRO) successfully conducted the first ignition test on the Semi Cryogenic Pre-Burner Ignition Test Article (PITA) at Semi Cryo Integrated Engine Test Facility (SIET) at ISRO Propulsion Complex (IPRC) in Mahendragiri, Tamil Nadu (TN).  The semi-cryogenic engine ignition is achieved using a Start Fuel Ampule, which utilizes a combination of Triethyle Alumnide and Triethyle Boron developed by the Vikram Sarabhai Space Centre (VSSC).  It is used for the first time in ISRO in the 2000 kN semi-cryogenic engine.

Answer 33

*Answer-2) MQ-9B Explanation:* The Indian Air Force (IAF) and the Indian Army plan to jointly deploy MQ-9B Predator drones made by the United States of America (USA) at air bases in Gorakhpur and Sarsawa, Uttar Pradesh (UP), for upgrading surveillance capabilities along the Line of Actual Control (LAC) with China from Ladakh to Arunachal Pradesh. MQ-9B, manufactured by the USA-based General Atomics Aeronautical, has 2 variants – Sky Guardian and Sea Guardian.

Answer 34

*Answer-5) 5th May Explanation:* World Portuguese Language Day 2024 was observed across the globe on 5 May to raise awareness of the Portuguese language, one of the most widely used languages of the Indo-European family, and its role in and contribution to the preservation and dissemination of human civilization and culture. · UNESCO celebrated the 1st World Portuguese Language Day on 5th May 2020. Click here to view more

Answer 35

*Answer-3) 5th May Explanation:* African World Heritage Day (AWHD) is annually observed across the globe on 5 May to celebrate African culture and heritage by raising awareness of the benefits of its promotion and preservation and the related challenges faced by the African continent. · 5th May 2024 marks the observance of the 9th edition of African World Heritage Day. · The theme of AWHD 2024 is “Safeguarding Africa’s Heritage through Education”. · The observance of AWHD is led by the United Nations Educational, Scientific and Cultural Organization (UNESCO) in collaboration with the African World Heritage Fund (AWHF) and its partners.

Answer 36

*Answer-3) 6th May Explanation:* International No Diet Day (INDD) is annually observed across the globe on 6th May to promote body positivity, self-acceptance, and the acceptance of all body shapes and sizes, as well as raise awareness about the dangers of extreme dieting. · The symbol of International No Diet Day is a light blue ribbon. · The theme of INDD 2024 is “Embrace Yourself: Reject Diet Culture, Love You”

Answer 37

*Answer-4) Gagan Strike-II Explanation:* On May 7, 2024, the Ambala, Haryana-based Kharga Corps, under the Indian Army (IA)’s Western Command, and the Indian Air Force (IAF) conducted Gagan Strike-II, a three-day Joint Exercise across multiple locations in Punjab.  The exercise was reviewed by Lieutenant General (Lt Gen) Manoj Kumar Katiyar, General Officer Commanding-in-Chief of the Western Command.  The exercise aimed to refine processes and validate the use of attack helicopters in mechanized operations in developed terrain.

Answer 38

*Answer-5) Infosys Explanation:* Infosys received ISO (the International Organization for Standardization)/ IEC (the International Electrotechnical Commission)42001:2023 Certification for its Artificial Intelligence Management System (AIMS), making it among the first IT services companies globally to earn this recognition.  This certification is the world’s first international standard on AI management systems by TUV India (part of TÜV Nord Group), a leading provider of technical quality and safety services.

Answer 39

*Answer-1) New York City, United States of America Explanation:* According to the 2024 World’s Wealthiest Cities Report published by international wealth migration specialists Henley & Partners, New York City, New York, the United States of America (USA) has retained its title as the Wealthiest City in the World.  California’s the Bay Area(USA) is ranked 2nd followed by Tokyo(Japan); Singapore(Singapore) and London(The United Kingdom-UK) at 3rd, 4th and 5th position respectively.  Mumbai(Maharashtra) (24th) and Delhi (37th) were the only Indian cities featured among the top 50 of the 2024 World’s Wealthiest Cities Report.  With 11 cities in the Top 50, the USA has emerged as the World’s richest country. Note: World’s Wealthiest Cities Report is the annual report published by Henley & Partners in collaboration with New World Wealth, a global data intelligence firm.

Answer 40

*Answer-3) USD 111 billion Explanation:* On 7th May 2024, United Nations(UN) agency, International Organization for Migration(IOM) released the report titled “World Migration Report 2024””. The report revealed that India received over USD 111 billion in remittances in 2022. Thus, India becomes the 1st country to surpass the USD 100 billion mark.  After India, Mexico is the 2nd highest recipient of remittance in the world and received USD 61.10 billion as remittance in 2022.  China, which held 2nd position in terms of highest remittances globally for the longest time, was replaced by Mexico and eventually dropped to 3rd position, with USD 51 billion remittances in 2022 followed by The Philippines (USD 38.05 billion) and France(USD 30.4 billion).

Answer 41

*Answer- 1) Sesame Explanation:* Setu, a division of the Pine Labs Group, launched Sesame, India’s first Large Language Model (LLM) for the Banking, Financial Services, and Insurance (BFSI) sector. It is developed in collaboration with Sarvam Artificial Intelligence (AI).  Setu aims to empower BFSI customers with smarter credit decisions and hyper-personalized financial services.

Answer 42

*Answer- 4) Pulitzer Prize Explanation:* On 6th May 2024, The Pulitzer Board announced the winners of 108th Pulitzer Prize (2024) under the categories such as: Journalism, Books, Drama and Music, and Special Citations.  Pulitzer Prize is highest national honor in United States of America (USA) in the field of journalism, literature, and music composition.  ProPublica won the 2024 Pulitzer Prize in Journalism under the Public Service category.  Hannah Dreier of New York Times won 2024 Pulitzer Prize in Journalism under the Investigative Reporting category.  David E. Hoffman of the Washington Post won 2024 Pulitzer Prize in Journalism under the Editorial Writing category.  Photography Staff of Reuter won the 2024 Pulitzer Prize in Journalism under the Breaking News Photography. Click here to view more

Answer 43

*Answer-1) John Ramsay Swinney Explanation:* On May 7 2024, Scotland Parliament elected John Ramsay Swinney, the leader of Scottish National Party (SNP) as the 7th First Minister of Scotland.  He succeeds Humza Haroon Yousaf, who formally resigned from the role on May 7 2024.  He will be formally appointed with a Royal Warrant from His Majesty King Charles III of the United Kingdom(UK). Note: Scotland is a country within the United Kingdom (UK). UK is made up of four constituent states: England, Wales, Scotland, and Northern Ireland.

Answer 44

*Answer-3) Anandana, The Coca-Cola India Foundation Explanation:* Anandana, The Coca-Cola India Foundation, announced its first ever partnership with Hockey India, for the National Women’s Hockey League 2024-2025, the inaugural edition of the tournament.  Objective of the partnership: To improve women’s hockey by addressing essential elements such as offering specialised coaching, training equipment, nutritional support, and the organisation of camps and competitions to foster growth.

Answer 45

*Answer-2) First Tuesday of May Explanation:* World Asthma Day (WAD) is annually observed across the globe on the 1st Tuesday of May to raise awareness of Asthma, one of the most common chronic non-communicable diseases (NCD), affecting both children and adults.  World Asthma Day 2024 was observed on 7th May 2024.  The annual observance of WAD is led by Global Initiative for Asthma (GINA).  The theme of WAD 2024 is “Asthma Education Empowers”  The 1st World Asthma Day was observed by GINA in 1998.

Answer 46

*Answer-4) Border Roads Organisation Explanation:* The Border Roads Organisation (BRO) annually celebrates its Raising Day on 7 May to commemorate the establishment of the BRO in 1960. The Day aims to recognise the organisations’ personnel and invite all ranks to continue to excel in constructing and maintaining roads and bridges in the border area.  7th May 2024 marks the observance of the 65th Raising Day of BRO.

Answer 47

*Answer-1) Jindal Steel & Power Limited Explanation:* On 7th May 2024, Indian Coast Guard(ICG) signed a Memorandum of Understanding(MoU) with Jindal Steel & Power Limited (JSPL), a part of OP Jindal Group, to ensure the supply of indigenous marine grade steel to enhance the indigenous content in shipbuilding.

Answer 48

*Answer-4) Solar Explanation:* As per the report “Global Electricity Review 2024” by the international energy analytics agency Ember, in 2023, India surpassed Japan to become the world’s third-largest producer of solar power, generating 113 Terawatt-hour (TWh) compared to Japan’s 110 Terawatt-hour (TWh).  India’s solar generation increased 17 times from 0.5% in 2015 to reaching 5.8% in 2023.  China led global solar production in 2023, producing 584 Terawatt-hour (TWh), surpassing the combined output of the United States, Japan, Germany, and India.  India witnessed the world’s fourth-largest increase in solar generation in 2024, with a growth of 18 terawatt hours (TWh), following China (+156 TWh), the United States (+33 TWh), and Brazil (+22 TWh).

Answer 49

*Answer-2) Climeworks AG Explanation:* On 8th May 2024, Swiss startup Climeworks AG has opened the world’s largest operational Direct Air Capture and Storage(DAC + S) plant named “Mammoth” in Iceland. It will extract Carbon Dioxide(CO2) from the air and store it underground in the form of rock. · The plant has the capacity to capture up to 36, 000 tons of CO2 per annum.

Answer 50

*Answer-1) BHIM Aadhaar Pay Explanation:* The National Payments Corporation of India (NPCI) has issued guidelines shifting the responsibility of verifying merchant details onto acquiring banks for Bharat Interface for Money (BHIM) Aadhaar Pay (BAP), where merchants receive digital payments through Aadhaar Authentication. Acquiring banks are mandated to verify merchant details, whether directly onboarded or through partners.

Answer 51

*Answer-4) Google Wallet Explanation:* Google has launched Google Wallet, a secure and private digital wallet for all Android users in India to store cards, passes, tickets, keys, or IDs.· It offers users a single, organised location for quick and easier access to digital documents integrated with QR code · Google Wallet in India will not support payment-related features. Google Pay, Google’s mobile payment app, will continue to serve the payment needs of users in India.

Answer 52

*Answer-1) Tamil Nadu Explanation:* Researchers from the Department of Marine Biology, Cochin University of Science and Technology (CUSAT) in Kochi, Kerala, have discovered a new species of marine tardigrade “Batillipes Chandrayaani”, named after the Chandrayaan-3, in the intertidal beach sediments at Mandapam Coast, Ramanathapuram, Tamil Nadu(TN). · The paper on the discovery was published in the peer-reviewed scientific journal “Zootaxa”.

Answer 53

*Answer- 3) Peucetia chhaparajnirvin Explanation:* Atul Bodkhe, Daryapur-based arachnologist has identified a new green lynx spider species named Peucetia chhaparajnirvin from Tal Chhapar Wildlife Sanctuary in Churu District, Rajasthan.  The new species was named “chhaparajnirvin “ after the Tal Chhapar where it was discovered by Nirmala Kumari and Vinod Kumari.

Answer 54

*Answer-4) Shikasta Buton Ke Darmiyan Explanation:* Renowned Urdu litterateur and Sahitya Akademi Award winner(2004) Shaikh Abdussalam Abdurrazzaq known by his pen name Salam Bin Razzaq passed away at the age of 83. He was born in 1941 at Panvel, Raigad district, Maharashtra.  He won the Sahitya Akademi Award for his Urdu short stories collection, ‘Shikasta Buton Ke Darmiyan’, in 2004.

Answer 55

*Answer-4) 8th May Explanation:* World Red Cross and Red Crescent Day is annually observed across the globe on 8th May to honour and thank the volunteers and staff of the International Red Cross and Red Crescent Movement.  The day also celebrates the principles of the International Red Cross and Red Crescent Movement.  The theme of World Red Cross and Red Crescent Day 2024 is “Keeping Humanity Alive”.

Answer 56

*Answer-5) 8th May Explanation:* International Thalassaemia Day(also known as World Thalassaemia Day) is annually observed across the globe on 8 May to raise awareness about Thalassaemia, an inherited blood disorder that causes your body to have less hemoglobin than normal.  The observance is led by the Thalassaemia International Federation (ΤΙF).  The theme of International Thalassaemia Day 2024 is “Empowering Lives, Embracing Progress: Equitable and Accessible Thalassaemia Treatment for All”.

Answer 57

*Answer-1) Syphilis Explanation:* On 7th May 2024, The World Health Organisation (WHO) granted certification to 3 countries in the Americas i.e. Belize, Jamaica, St. Vincent and the Grenadines for eliminating the mother-to-child transmission (EMTCT) of Human Immunodeficiency Virus (HIV) and Syphilis. Criteria for Certification: i.Countries which have brought the mother-to-child HIV transmission rate to under 5%. ii.Countries which provided antenatal care and antiretroviral treatment to more than 90% of pregnant women. iii.Countries which reported fewer than 50 new cases of congenital syphilis per 100, 000 newborns. iv.Countries which achieved a HIV rate of fewer than 500 per 100, 000 live births.

Answer 58

*Answer-3) Bank of Baroda’s, BoB World Explanation:* In May 2024, The Reserve Bank of India(RBI) has lifted restrictions on Bank of Baroda(BoB)’s mobile application “BoB World” with immediate effect. This allows BoB to onboard customers through BoB World application in accordance with the applicable guidelines and extant laws /regulations. Background: In October 2023, RBI in exercise of its power given under Section 35A of the Banking Regulation Act, 1949, ordered BoB to immediately suspend the process of adding customers through its “BoB World” mobile application based on certain supervisory concerns.

Answer 59

*Answer-4) CARE ESG Ratings Limited Explanation:* Securities and Exchange Board of India (SEBI) has given approval to CARE ESG Ratings Limited (CareEdge-ESG – formerly known as CARE Advisory Research & Training Limited), a wholly owned subsidiary of CARE Ratings Limited, to function as a Category I Environmental, Social, and Governance (ESG) Ratings Provider (ERP). · CareEdge-ESG received the received the registration under the SEBI (Credit Rating Agencies) Regulations, 1999 on 2nd May 2024. · The ratings will enable the issuers to discern steps for the betterment of their sustainability performance.

Answer 60

*Answer-2) Mikhail Mishustin Explanation:* On 10th May 2024, Russian President Vladimir Putin has proposed the reappointment of Mikhail Vladimirovich Mishustin(58) as Prime Minister (PM) of Russia. He proposed his name for State Duma, lower house of the Federal Assembly of Russia. · Mishustin who held the post of Russia’s PM for last 4 years, submitted his resignation to the Cabinet on 7th May 2024, when Vladimir Putin officially sworn-in as President of Russia for the 5th term during a ceremony held at Kremlin Palace, Moscow, Russia.

Answer 61

*Answer-5) Rizwan Koita Explanation:* Rizwan Koita, an entrepreneur, philanthropist, and Director of the Koita Foundation (KF) has been appointed Chairperson of the National Accreditation Board for Hospitals and Healthcare Providers (NABH). · He replaced Padma Shri Dr. Mahesh Verma, Vice Chancellor of Guru Gobind Singh Indraprastha University (IPU) in Delhi, who assumed the role of Chairperson NABH in 2022. Note: NABH, a constituent board of the Quality Council of India (QCI), sets benchmarks for quality and accredits healthcare organizations.

Answer 62

*Answer- 4) Kadet Defence Systems Explanation:* Kadet Defence Systems(P) Limited (KDS) has introduced India’s 1st pioneering Loitering Aerial Munitions (LAM) for the Indian Armed Forces. It was developed under a unique Development cum Production Partner(DCPP) model with the Defence Research and Development Organisation(DRDO).  LAM system encompasses cutting-edge technologies such as: Canister Aerial Loitering Munition (CALM), Combat Unmanned Aerial Vehicles(UAVs) with stand-off capabilities and Tactical Vertical Takeoff & Landing (VTOL) UAVs.

Answer 63

*Answer-2) 55 Cancri e Explanation:* Astronomers using the National Aeronautics and Space Administration’s (NASA) James Webb Space Telescope (JWST) have detected atmospheric gases surrounding 55 Cancri e, also known as Janssen, a hot rocky exoplanet 41 light-years from Earth.  This is one of the 5 known planets orbiting the 55 Cancri, Sun-like star in the constellation Cancer.  This discovery marks the first time an atmosphere has been identified surrounding a terrestrial planet outside our Solar System.  The planet is classified as a super-Earth: larger than Earth, smaller than Neptune, and likely similar in composition to the rocky planets in our solar system.

Answer 64

*Answer-1) GalaxEye Explanation:* The Indian National Space Promotion and Authorization Center (IN-SPACe) signed a Memorandum of Understanding (MoU) with GalaxEye Space, which grants GalaxEye access to world-class laboratories and testing facilities operated by the Indian Space Research Organisation (ISRO). · GalaxEye has become the first Indian company to benefit from IN-SPACe’s top-tier co-working and testing space as a partner in Ahmedabad, Gujarat. · GalaxEye is presently working on India’s first private constellation of Earth observation satellites ‘Drishti Mission’ (multi-sensor imaging satellite)

Answer 65

*Answer-4) Central Marine Fisheries Research Institute Explanation:* Researchers at the Indian Council of Agricultural Research (ICAR)-Central Marine Fisheries Research Institute (CMFRI) in Kochi (Kerala) have identified 2 new species of needlefish named “Ablennes joseberchmansis” and “Ablennes gracalii” from Indian waters.  The findings of the new species were published in the Journal of Regional Studies in Marine Science.  The research was carried out by Toji Thomas, a research scholar at CMFRI, under the guidance of Dr EM Abdussamad, principal scientist and Head-in-charge of the Pelagic Fisheries Division at CMFRI. Indian Council of Agricultural Research (ICAR)- National Bureau of Fish Genetic Resources (NBFGR), the apex institute for fish genetic resources in Lucknow, Uttar Pradesh, discovered a new catfish species named Glyptothorax punyabratai from the Brahmaputra River drainage in Arunachal Pradesh. · The species is named after Dr. Punyabarata Das, the founding director of ICAR-NBFGR, to commemorate his substantial contributions to fisheries research.

Answer 66

*Answer-5) Indian Super League Explanation:* Mumbai City Football Club (MCFC) beat Mohun Bagan SuperGiants (MBSG) 3-1 to win the 10th edition of the Indian Super League (ISL) 2023-24 final at the Vivekananda Yuba Bharati Krirangan (Salt Lake Stadium) in Kolkata, West Bengal(WB). · This is the second ISL title for Mumbai City Football Club, it previously won the 2020-21 season against Atlético de Kolkata Mohun Bagan.

Answer 67

*Answer-3) Hindalco Explanation:* The Indian Coast Guard (ICG) has signed an Memorandum of Understanding (MoU) with the Hindalco Industries Limited for the manufacturing and supply of indigenous marine-grade aluminium to Indian public and private shipyards for ship construction. • The MoU will provide benefits such as quarterly pricing, priority in supplies and turnover discount and also aims to facilitate better planning and cost management for shipbuilding projects by providing stable and predictable pricing over time. Option Revision: 1. Covered on 9th April 2024,The Technology Development Board (TDB), under the Department of Science and Technology (DST), Ministry of Science and Technology (MoST), Government of India (GoI) entered into an agreement with Remine India Private Limited to establish a commercial plant for recycling lithium-ion (Li-ion) batteries (LIBs) and e-waste using indigenous technology in Sitarganj, Uttarakhand, with a total project cost of Rs 15 crore. 2. Covered on 21th & 22nd April 2024:ReNew Energy Global PLC (ReNew) and JERA Co. Inc., Japan’s largest power generation company, have signed an initial agreement to assess a green ammonia production project in Odisha. 4. Covered on 24th & 25th March 2024;The new Joint Venture (JV) company ‘JSW MG Motor India Pvt Ltd’ was launched in collaboration between JSW Group and M G Motor India Private Limited, a wholly-owned subsidiary of Shanghai(China) based SAIC Motor.

Answer 68

*Answer-2) World Health Organization Explanation:* The World Health Organization (WHO) has published the 1st global guidelines titled “Guidelines for the prevention of bloodstream infections and other infections associated with the use of intravascular catheters: part I: peripheral catheters”, to combat bloodstream, and other infections stemming from catheter usage in minor blood vessels during medical procedures. Option Revision: 1. Covered on 2nd December 2023: The United Nations Children’s Fund (UNICEF) published a report.As per the publication, nearly 98,000 adolescent girls aged 10-19 were infected with Human Immunodeficiency Virus (HIV) in 2022 – or 1,900 new infections every week3. Covered on 29th March 2024: the United Nations Environment Programme (UNEP) released its ‘Food Waste Index Report 2024‘ which tracks the progress of countries to halve food waste by 2030. As per it, world wasted an estimated 19% of the food produced globally in 2022, or about 1.05 billion metric tons.

Answer 69

*Answer- 5) Indian Coast Guard Explanation:* On 9th May 2024, Bank of India(BOI) signed a Memorandum of Understanding (MoU) with Indian Coast Guard (ICG), to offer a Defence service salary package through “BOI Rakshak Salary/ Pension Savings Scheme”. • The minimum balance required is zero or nil for the account. • The scheme also features BOI Mobile Omni Neo app which will enable the defence personnel at borders and at remote areas can easily access various financial solutions. Option Revision: 2. Covered on 6th April 2024, The Indian Army has commenced the induction of the indigenous ‘Akashteer Control & Reporting Systems’ to enhance its air defence capabilities. This will enable the Indian Army’s defence units to operate in an integrated manner.3. Covered on 13 March 2024, the Cabinet Committee on Security (CCS) headed by Prime Minister (PM) Narendra Modi, has approved fund worth Rs 15,000 crore for an indigenous fifth-generation Advanced Medium Combat Aircraft (AMCA) fighter jet project for the Indian Air Force (IAF).4. Covered on 7th March 2024: The Indian Navy (IN) commissioned the Indian Naval Ship (INS) Jatayu at Minicoy, the southernmost island in Lakshadweep. This is the 2nd naval base in Lakshadweep after INS Dweeprakshak in Kavaratti, the capital of Lakshadweep.

Answer 70

*Answer-4) HDFC Bank Explanation:* HDFC Bank, Indian’s largest Private Sector Bank (PSB), in partnership with Atal Innovation Mission(AIM), under National Institution for Transforming India(NITI Aayog), supports social sector startup with grants worth Rs 19.6 crore in FY24 (FY 2023-24). • Under the 7th “HDFC Bank Parivartan Start-up Grants Programme”, 170 social start-ups received grants worth a total of Rs 19.6 crore, through 41 incubators. Note: Over 50% of the 170 start-ups hail from over 60 tier-II/ tier-III cities in India. Option Revision: 2. Covered on 12th January 2024: Karnataka Bank Limited (KBL) has partnered with Digivriddhi Technologies Private Limited (DGV) to offer financial services to support the requirements of dairy society 3. Covered on 13th February 2024: Yes Bank Limited has partnered with the Bengaluru-based fintech startup, LeRemitt, to create a cross-border platform to enable Micro, Small, and Medium Enterprises to conduct International Transactions in Key Currencies 5. Covered on 15th March 2024: State Bank of India partnered with based One97 Communications Limited (OCL) to settle UPI transactions upon acquiring 3rd party app provider TPAP license.

Answer 71

*Answer-2) Dileep Sanghani Explanation:* The Indian Farmers Fertiliser Cooperative Limited (IFFCO) has re-elected Dileep Sanghani as its Chairman during the 15th Representative General Body (RGB) elections for its Board of Directors at IFFCO Sadan, New Delhi, Delhi. • Balvir Singh has been retained as the Vice Chairman of IFFCO. Note: IFFCO, a leading fertilizer company, is the world’s number one cooperative (as of February 22, 2024). Option Revision: 3.Covered on 1st February 2024:The Appointment Committee of the Cabinet (ACC) has approved the appointment of former railway board chairman and chief executive officer(CEO) Anil Kumar Lahoti as the 9th Chairman of the Telecom Regulatory Authority of India (TRAI) for 3 years or until the age of 65 years. 4. Covered on 3rd February 2024:Jay Shah, Secretary of the Board of Control for Cricket in India (BCCI), was reappointed as the President of the Asian Cricket Council (ACC) for the 3rd consecutive term.

Answer 72

*Answer-3) AM PS4 Engine Explanation:* The Indian Space Research Organisation (ISRO) successfully tested a liquid rocket engine, ‘AM PS4 Engine’, produced using Additive Manufacturing (AM) technology, commonly known as 3D printing at ISRO Propulsion Complex, Mahendragiri, Tamil Nadu (TN). • It is redesigned with Design for Additive Manufacturing (DfAM) principles by the ISRO’s Liquid Propulsion Systems Centre (LPSC) in Bengaluru, Karnataka, and the engine is manufactured by M/s WIPRO 3D. • The Laser Powder Bed Fusion technique utilized in AM PS4 Engine reducing part count from 14 to a single piece and eliminating 19 weld joints. • AM also cut raw material use by 97% per engine (from 565 kg to 13.7 kg of metal powder) and slashed production time by 60%. Option Revision: 1.Covered on 3rd & 4th March 2024: the Ministry of Defence (MoD) signed a contract worth Rs 5,249.72 crore with Bengaluru (Karnataka) headquartered HAL for the procurement of Klimov RD-33 Aero Engines for Mikoyan MiG-29 aircraft. 2.Covered on 10th January 2024:National Aeronautics and Space Administration (NASA) has successfully tested the 3-dimensionally (3-D) printed innovative propulsion system called “Rotating Detonation Rocket Engine (RDRE)” at Marshall Space Flight Center in Huntsville, Alabama, the United States of America (USA). 4. Covered on 17th April 2024:Indian Space Research Organisation (ISRO)’s Vikram Sarabhai Space Centre (VSSC) based in Thiruvananthapuram, Kerala has developed a light weight Carbon-Carbon(C-C) nozzle for rocket engine.

Answer 73

*Answer-5) SFO Technologies Explanation:* On 11th May 2024, Sreedhara Panicker Somanath, Chairman of Indian Space Research Organisation (ISRO) and Secretary, Department of Space, Government of India (GoI) launched the carbon reduction initiative of Kochi-based SFO Technologies, the flagship company of the NeST Group. • This initiative is in line with the objective of United Nation i.e. achieving 50% carbon reduction by 2035 and Zero emission by 2040. • He also unveiled a replica of Chandrayaan which signifies the cooperation of SFO Technologies and ISRO. Option Revision: 1. Covered on 13 May 2024:The Indian National Space Promotion and Authorization Center (IN-SPACe) signed a Memorandum of Understanding (MoU) with GalaxEye Space, which grants GalaxEye access to world-class laboratories and testing facilities operated by the Indian Space Research Organisation (ISRO). 2.Covered on6th Jan 2024:NewSpace India Limited (NSIL), the commercial arm of the Indian Space Research Organisation (ISRO), is set to launch GSAT-20 (renamed GSAT-N2), a Ka-band high throughput satellite (HTS), onboard the Falcon-9 rocket of Space Exploration Technologies Corporation (SpaceX) in the 2nd quarter of 2024.

Answer 74

*Answer-1) Liquid Ramjet fuel Explanation:* On May 9 2024, The Defence Research and Development Organisation (DRDO) announced that one of its labs, Defence Materials and Stores Research and Development Establishment (DMSRDE) has made a ‘Landmark Achievement’ by developing liquid Ramjet fuel for an advanced air-breathing engine. • Bharat Petroleum Corporation Limited (BPCL) and Mineral Oil Company Private Limited are the industry partners in this development. • The fuel will not freeze even in the very low temperature ranging from -50 to -55 degrees. Option Revision: 2. Covered on 26th April 2024: SJVN Limited(formerly known as Satluj Jal Vidyut Nigam) inaugurated India’s 1st multipurpose(combined Heat and Power) green hydrogen pilot project at the 1,500 megawatt (MW) Nathpa Jhakri Hydro Power Station (NJHPS) in Jhakri, Himachal Pradesh(HP). • The state of the art green hydrogen pilot project has the capability to cater to the high-velocity oxygen fuel (HVOF) coating facility of NJHPS to meet its combustion fuel requirements. 3. Covered on 20th March 2024:Union Minister Hardeep Singh Puri, Ministry of Petroleum & Natural Gas(MoPNG), launched Ethanol 100 (E100 Fuel), a cleaner, greener automotive fuel alternative to gasoline. 4. Covered on 9th January 2024:Indian Space Research Organisation (ISRO) has tested a 100-watt(W) class Polymer Electrolyte Membrane fuel-based Power System (FCPS) to assess its operation in space and to collect data to facilitate the design of systems for future missions. • The test was carried out in ISRO’s orbital platform, PSLV Orbital Experimental Module-3 (POEM3) which was launched onboard Polar Satellite Launch Vehicle (PSLV)-C58.

Answer 75

*Answer-4) Japan Aerospace Exploration Agency (JAXA) Explanation:* XRISM (X-Ray Imaging and Spectroscopy Mission), an X-ray space telescope mission of the Japan Aerospace Exploration Agency (JAXA) and National Aeronautics and Space Administration (NASA) have discovered the presence of Iron fingerprints in the active galaxy NGC 4151. • The resulting spectrum reveals the presence of iron in the peak around 6.5 kiloelectron volt (keV) and the dips around 7 keV, light thousands of times more energetic. • About NGC 4151: NGC 4151 is a spiral galaxy, around 43 million light-years away in the northern constellation Canes Venatici. The supermassive black hole at its centre holds more than 20 million times the Sun’s mass. Option Revision: 1. Covered on 6th January 2024: ISRO successfully performed the crucial manoeuvre(final manoeuvre) of injecting the Aditya-L1 spacecraft, India’s first space-based observatory-class solar probe to study the Sun, into the halo orbit around Lagrangian point 1 (L1). 2. Covered on 20th March 2024, China National Space Administration (CNSA) launched a Long March-8 rocket carrying Queqiao-2, a relay satellite designed to provide Earth-Moon communication services 3. Covered on 11th April 2024, Russian space agency Roscosmos State Corporation for Space Activities(ROSCOSMOS) successfully launched the 1st Angara-A5 space rocket from the launch pad in Vostochny Cosmodrome in the far eastern Amur region, Russia.

Answer 76

*Answer-4) 11th May Explanation:* National Technology Day 2024 was observed across India on 11 May to honour the remarkable achievements of the nation’s scientists, engineers, innovators, and others involved in the field of Science and Technology, and celebrate and recognise the major technological advancements of India. • This Day also commemorates the anniversary of the successful nuclear test (Pokhran II) in Pokhran, Rajasthan under the assigned code name Operation Shakti in 1998. • 11 May 2024 marks the 26th year of National Technology Day. • The 2024 event was celebrated under the theme, Promoting Clean and Green Technologies for a Sustainable Future‘. Option Revision: 1. Covered on 25th April 2024:The International Girls in ICT (Information and Communications Technology) Day is annually observed across the globe on the 4th Thursday of April to inspire and encourage girls and women to pursue studies and careers in ICT and promote bridging the gender digital divide.The International Girls in ICT Day 2024 was observed on 25 April 2024. 2. Covered on 26th August 2023:Prime Minister (PM) Narendra Modi declared that 23rd August of every year will be observed as “National Space Day” in India to commemorate the soft landing of Chandrayaan 3 on the Moon. 3.Covered on 5th October 2023:The United Nations (UN) World Space Week (WSW) is annually observed across the globe from 4th to 10th October to celebrate the contributions of space science and technology to the betterment of the human condition.

Answer 77

*Answer-2) Exercise SHAKTI Explanation:* The 7th India-France joint military “Exercise SHAKTI 2024” commenced on 13th May, 2024 at Umroi, in a fully developed and modern Foreign Training Node in Meghalaya. Ex-SHAKTI is a biennial training exercise which is conducted alternatively in India and France. • The 14-day joint exercise is scheduled to be conducted from 13th May to 26th May, 2024. • Indian contingent is being represented mainly by a battalion of RAJPUT Regiment. • French contingent will be represented mainly by personnel from 13th Foreign Legion Half-Brigade (13th DBLE). Option Revision: 1.Covered on 24th & 25 march-2024:Exercise Tiger Triumph “Exercise Tiger Triumph – 24”, the 3rd edition of the Bilateral Tri-Service Humanitarian Assistance and Disaster Relief (HADR) Amphibious Exercise between India and the United States of America (USA) was commenced on 18th March 2024 in Visakhapatnam, Andhra Pradesh (AP). 3.Covered on 23rd April 2024: Exercise Poorvi LeharThe Indian Navy conducted Exercise Poorvi Lehar(XPOL) 2024 on East Coast. XPOL aims to validate procedures and to assess Indian Navy’s preparedness to meet the maritime security challenges in the region.participation of Ships, Submarines, Aircrafts and Special Forces. 4. Covered on 17th January 2024:Exercise Sahyog KaijinThe Indian Coast Guard (ICG) and Japan Coast Guard (JCG) conducted a 5-day annual joint exercise, ‘Sahyog Kaijin,’ off the coast of Chennai, Tamil Nadu from 8–12 January 2024. This marks the 20th edition joint exercise between the Japanese and Indian Coast Guards since its institution in 2000. ICG: Shaunak, Shaurya, Sujay, Rani Abbakka, Annie Besant, C-440, Sagar Anveshika, Matsya Drishti, Chetak helicopters. JCG: Yahsima and Samudra Paheredar with an integral helicopter.

Answer 78

*Answer-4) Zéphyrin Maniratanga Explanation:* The 19th session of the United Nations Forum on Forests (UNFF19) was held at the United Nations (UN) headquarters in New York, United States (US) from May 6 to May 10, 2024. The forum was organized by UNFF Secretariat. It was chaired by Zéphyrin Maniratanga of Burundi. • The key outcomes of the session were High-Level Segment declaration and an omnibus resolution, which included the outcome of the midterm review as well as the new Quadrennial Programme of Work of the Forum for 2025-2028. • The Indian delegation was led by Jitendra Kumar, Director General of Forests and Special Secretary, Ministry of Environment, Forest and Climate Change (MoEF&CC). • “International Forest Governance: A Critical Review Of Trends, Drawbacks, And New Approaches” published by International Union of Forest Research Organizations (IUFRO) showed deforestation rates dropped from 13 million to 10 million hectares per year between 2010 and 2023 Click here to read more Option Revision: 1. Covered on 3rd April 2024:Judith Suminwa Tuluka Felix Tshisekedi, President of the Democratic Republic of the Congo (DRC), appointed Judith Suminwa Tuluka as the first woman Prime Minister of the DRC. 2. Covered on 7th February 2024:Vinícius Junior United Nations Educational, Scientific and Cultural Organization (UNESCO), appointed Brazilian footballer Vinicius José Paixão de Oliveira Junior (Vinícius Junior) as the Goodwill Ambassador for Education for All. Audrey Azoulay, Director-General of UNESCO presented the letter of appointment to Vinícius Junior during a ceremony at the Real Madrid training center in Spain.3. Covered on 9th February 2024:Mio Oka The Asian Development Bank (ADB) has appointed Mio Oka as its new Country Director for India.Mio Oka will take over from the incumbent Takeo Konishi who has been elevated as ADB Director General for South Asia.

Answer 79

*Answer-3) Iran Explanation:* On 13th May 2024, India and Iran signed a long-term contract of 10 years to operate the Shahid Beheshti Port Terminal at Chabahar Port, Iran. This will boost regional connectivity and trade ties. • The contract was signed by India Ports Global Limited(IPGL), a wholly-owned subsidiary of India Ports Global Chabahar Free Zone (IPGCFZ) and by Port and Maritime Organisation (PMO), Iran. • As per the contract, IPGL is committed to invest approximately USD 120 million in equipping the port. • India has also offered a credit window of USD 250 million for mutually identified projects aimed at enhancing Chabahar-related infrastructure. Option Revision: 1. Covered on 26th April 2024:Kuwait The International Financial Services Centres Authority(IFSCA) of India signed a Memorandum of Understanding(MoU) with the Capital Markets Authority (CMA) of Kuwait to share information regarding technologies and innovation within the financial and regulatory ecosystem. 2. Covered on 24 January 2024: Cuba The Ministry of Electronics and Information Technology (MeitY), Government of India, signed a Memorandum of Understanding (MoU) with the Ministry of Communications of the Republic of Cuba, to foster cooperation in the field of sharing successful digital solutions implemented at a population scale for digital transformation 4. Covered on 16 March 2024: Bhutan Cabinet approves signing of MoUs Between India and Bhutan: • For co-operation in the field of Energy Efficiency and Energy Conservation Measures • For Food Safety • For the General Supply of Petroleum, Oil, Lubricants (POL), and Related Products from India to Bhutan

Answer 80

*Answer-5) All the Above Explanation:* United Nations Educational, Scientific and Cultural Organisation (UNESCO) has included: The Ramcharitmanas (Rāmacaritamānasa), Panchatantra (Pañcatantra Fables) and Sahṛdayāloka-Locana in its “Memory of the World (MOW) Asia-Pacific Regional Register”. • The inclusion of these literary works was made at 10th meeting of the Memory of the World Committee for Asia and the Pacific (MOWCAP) in Ulaanbatar, Mongolia. • The Asia-Pacific Member States newly inscribed 20 items from different countries (including 3 from India) during the 2024 cycle. • The Ramcharitmanas, Panchatantra and Sahṛdayāloka-Locana were authored by Goswami Tulsidas, Pt. Vishnu Sharma and Acharya Anandvardhan respectively.

Answer 81

*Answer-5) United Nations Office on Drugs and Crime(UNODC) Explanation:* The United Nations Office on Drugs and Crime (UNODC) has released the 3rd edition of its World Wildlife Crime Report titled ‘World Wildlife Crime Report 2024: Trafficking in Protected Species’, which highlights the persistent issue of illegal trafficking in plant and animal wildlife • From 2015 to 2021, 13 million wildlife items were seized, indicating illegal trade involving around 4,000 species across 162 countries and territories. • Out of 4,000 species, approximately 3,250 are listed in the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) Appendices. • The most trafficked species were corals (16%), crocodilians (9%), and elephants (6%). • For the first time, an indicator on progress towards Sustainable Development Goal (SDG) target 15.7 was included to end trafficking of protected species of flora and fauna. Option Revision: 1.Covered on 13th April 2024: UN DESA the United Nations Department of Economic and Social Affairs (UN DESA) released the 9th edition of ‘Financing for Sustainable Development Report 2024 (FSDR 2024)-Inter-agency Task Force on Financing for Development‘ on the theme ‘Financing for Development at a Crossroads’. 3. Covered on 25th March 2024:UN-WATER On the occasion of UN World Water Day 2024 on March 22, the UN World Water Development Report (UN WWDR) 2024 launched a report titled “Water for Prosperity and Peace,” a report on water and sanitation issues.

Answer 82

*Answer-3) State Bank of India Explanation:* On 13th May 2024, India’s largest Public Sector Bank (PSB), State Bank of India (SBI) has announced that it has become the 1st Bank in India to act as Trading-cum-Clearing Member (TCM) at the India International Bullion Exchange IFSC Limited (IIBX) which is India’s 1st International Bullion Exchange in GIFT City, Gandhinagar (Gujarat). • This enables International Financial Services Centre (IFSC) Banking Unit (IBU) of SBI to conduct trades on the IIBX platform. • The Reserve Bank of India (RBI) allowed the authorised Indian Banks to act as Special Category Clients (SCCs) to import Gold or Silver through IIBX. • Entities which are eligible to become member of IIBX are: Registered Partnership Firm, Private Limited Company, Public Limited Company, IBU Branches at GIFT City, among others. Option Revision: 1. Covered on 26th March 2024:Federal Bank The Federal Bank and National Payment Corporation of India(NPCI), launched a Rupay Smart Key Chain – ‘FlashPay’ for Contactless National Common Mobility Card (NCMC) payments at enabled metro stations and Point Of Sale (POS) terminals. 2. Covered on 28th march 2024:AxisBank Axis Bank has introduced digital opening of US (United States) dollar Fixed Deposits (FD) for NRI (Non-Resident Indian) customers at its International Financial Services Centre/IFSC Banking Unit (IBU) in Gujarat International Finance Tec (GIFT) City in Gandhinagar, Gujarat. i. With this, Axis Bank becomes the first bank to offer digitization of GIFT City Deposits. 4.Covered on 8th February 2024:HDFC Bank HDFC Bank, India’s largest private sector bank., launched 4 variants of new Small and Medium Enterprises (SME)-focused Business range credit cards namely BizFirst, BizGrow, BizPower, and BizBlack. These cards will cater to the needs of the self-employed community including Micro-Small and Medium Enterprises (MSMEs), startups, professionals, and freelancers.

Answer 83

*Answer-4) Greenko Zeroc Explanation:* Hyderabad-based Greenko Zeroc signed an agreement with Norway’s Yara Clean Ammonia which is the largest trader and distributor company of ammonia in the world to supply renewable ammonia to Norwegian firm. • As per this term sheet and the subsequent off-take agreement, Greenko Zeroc, production arm of renewable energy firm AM Green will supply up to 50% green ammonia to Yara from Phase 1 of its ammonia production facility in Kakinada, Andhra Pradesh(A.P.). Option Revision: 1. Covered on 2nd March 2024:Larsen & Toubro Mumbai (Maharashtra) headquartered Larsen & Toubro (L&T) Limited has commissioned its first indigenously built hydrogen electrolyser at the Green Hydrogen Plant in Hazira in Gujarat. 2. Covered on 25th & 26th February 2024: NTPC Green Energy Limited NTPC Green Energy Limited (NGEL), a wholly owned subsidiary of NTPC Ltd signed a land lease agreement with Andhra Pradesh Industrial Infrastructure Corporation (APIIC) to develop an “Integrated Green Hydrogen Hub” on 1,200 acres of land near Pudimadaka village (Atchutapuram Mandal) in Visakhapatnam, Andhra Pradesh (AP). 3. Covered on 18th & 19th February 2024:Bharat Petroleum Corporation Limited Cochin International Airport Limited (CIAL) has signed a Memorandum of Understanding (MoU) with Bharat Petroleum Corporation Limited (BPCL) to set up the world’s first green hydrogen plant and fueling station within an airport setting.

Answer 84

*Answer-3) Magnus Carlsen Explanation:* The Five-time World Champion & World No. 1 Magnus Carlsen emerged as the winner of the 2024 Superbet Poland Rapid & Blitz, a part of World Chess Tour that was held from 7th to 12th May 2024 in Warsaw, Poland. • Magnus received the prize money of USD 40,000. • Wei Yi of China clinched the second spot while Jan-Krzysztof Duda of Poland finished third. • India’s Praggnanandhaa claimed the fourth position in the tournament • Erigaisi Arjun finished fifth while Dommaraju Gukesh finished at 10th position. Option Revision: 2. Covered on 22nd April 2024:Gukesh The 17-year-old chess Grandmaster (GM) Dommaraju Gukesh from Chennai (Tamil Nadu) has won (Open category) the International Chess Federation (FIDE) Candidates 2024 held in Toronto, Canada, by defeating Hikaru Nakamura of the United States to score 9 points. 4. Covered on 2nd February 2024:Wei Yi Grandmaster (GM)Wei Yi of China won his first master title by defeating GM Gukesh D of India in the finals of the 86th edition of the Tata Steel Chess Tournament (2024) held from 12-28 January 2024 in Wijk aan Zee, The Netherlands. 5. Covered on 2nd February 2024:Leon Luke GM Leon Luke Mendonca (India) won the Challengers title of the 86th edition of the Tata Steel Chess Tournament (2024) by defeating International Master (IM) Divya Deshmukh (India) in the final round.

Answer 85

*Answer-2) Jakub Vadlejch Explanation:* The Olympic and World Champion javelin thrower Neeraj Chopra claimed the second spot in the Doha Diamond League 2024 that was held on 10th May 2024 at the Qatar Sports Club, Doha, Qatar. • The three-time Olympian for Czech Republic Jakub Vadlejch claimed the top spot with 88.38 meters throw while Neeraj Chopra missed the first spot by just 2 centimeters (88.36 meters). • India’s Kishore Jena, who claimed the silver medal at the Hangzhou 2022 Asian Games held in China in 2023, finished ninth in his Diamond League debut. Note:The Diamond League is a high-level multi-tier group of track & field meets conducted under the World Athletics. Option Revision: 4. Covered on 24th & 25th March 2024:Sharath Kamal The Indian Olympic Association (IOA) named table tennis player Achanta Sharath Kamal as India’s flagbearer for the 2024 Paris Olympics, set to be held from 26th July to 11th August 2024 in Paris, France.Sharath Kamal will be the 19th flag bearer for India at the Olympics.

Answer 86

*Answer-3) May 12 Explanation:* The United Nations (UN)’s International Day of Plant Health (IDPH) 2024 was observed across the globe on 12 May to raise global awareness of the importance of protecting plant health to end hunger and reduce poverty, protect biodiversity and the environment, and boost economic development. • 12th May 2024 marks the observance of the 3rd IDPH. • The theme of IDPH 2024 is “Plant Health, Safe Trade, and Digital Technology”. • The annual observance of IDPH is led by the Food and Agriculture Organization of the United Nations (FAO) in collaboration with the International Plant Protection Convention (IPPC). Option Revision: 1. Covered on 5th December 2024:UN World Soil Day The United Nations(UN)’s World Soil Day (WSD) is annually observed across the globe on 5th December to create awareness about the importance of healthy soil and to advocate the sustainable management of soil resources. 2. Covered on 29th February 2024:Rare Disease Day Rare Disease Day is annually observed across the globe on the last day of February, either 28 or 29 in leap years (the rarest day of the year), to raise awareness of the rare diseases and their impact on the people they affect. 4. Covered on 24 March 2024:International Day of Forests The United Nations (UN) International Day of Forests (IDF) is annually observed across the globe on 21 March to celebrate and raise awareness of the significance of all types of forests. Topic Name – Important Days Difficulty level – Easy • The Ministry of New and Renewable Energy (MNRE), Government of India (GoI), organised a ‘Run for Sun’ Marathon at Jawaharlal Nehru Stadium, New Delhi, Delhi on 3rd May 2024.

Answer 87

*Answer-2) Mazagon Dock Shipbuilders Limited Explanation:* On May 14, 2024, Mazagon Dock Shipbuilders Limited (MDL) celebrated its 250th Foundation Day with a series of events in Mumbai, Maharashtra. The celebration, presided over by Secretary Giridhar Aramane from the Ministry of Defence (MoD).MoD Secretary Giridhar Aramane launches and inaugurates the following:• Fuel Cell Electric Ferry: Commissioning of ‘SUCHI’, a 24-passenger fuel cell electric ferry with zero emissions and low acoustic signatures. • Technical Seminar & Commemorative Coin: Inauguration of a technical seminar on emerging shipbuilding technologies and release of Rs 250 commemorative coin by the Giridhar to honor MDL’s 250-year legacy. • Midget Submarine: Launch of platform design and hull of the indigenous midget submarine ‘Arowana‘ as a proof of concept for future full-scale conventional submarines.Option Revision: 1. Covered on 13th March 2024:Garden Reach Shipbuilders & Engineers Garden Reach Shipbuilders & Engineers (GRSE) launched ‘Agray’ and ‘Akshay’, the 5th and 6th ships of 8 Anti-Submarine Warfare (ASW) Shallow Water Craft (SWC) Project for the Indian Navy (IN) in Kolkata, West Bengal. 3. Covered on 16th April 2024:Naval Dockyard The CNS Trophy for Best Green Practices 2023 was awarded to Naval Dockyard, Mumbai, Maharashtra, at a Naval Investiture Ceremony at INS Hansa (the Indian Navy’s air station), Goa. 4. Covered on 19th January 2024:Cochin Shipyard Limited The New Dry Dock(NDD) is built for Rs 1800 crore at the existing premises of Cochin Shipyard Limited and it is the largest marine infrastructure in South Asia.

Answer 88

*Answer-4) United States of America Explanation:* The 7th edition of the India-U.S. joint counter-terrorism exercise ‘Tarkash’ was held between the National Security Guard (NSG) and United States (US) Special Operations Forces (SOF) from April 22 to May 15, 2024 in Kolkata, West Bengal(WB). • This three-week exercise involved intense training and mock drills in urban counter-terrorism scenarios. • The 6th edition took place in Chennai, Tamil Nadu (TN), in January 2023. Option Revision: 2. Covered on 22nd March: Guyana The government of the Co-operative Republic of Guyana has signed a USD 23.27 million Line of Credit (LOC) Agreement with the Export-Import Bank of India (India Exim Bank) for the procurement of two Dornier aircraft.3. Covered on 1st April 2024:EgyptTejas Networks Limited signed an MoU with Telecom Egypt (TE), ITIDA (Information Technology Industry Development Agency), and NTI (National Telecom Institute) to replicate its experience of implementing the Bharatnet (Rural Broadband Project) and NKN (National Knowledge Network) projects in Egypt. 4. Covered on 20th April 2024:Russia HSE University (officially the National Research University Higher School of Economics), a public research university in St Petersburg, Russia and the University of Delhi (DU) have signed an agreement on strategic cooperation and joint actions.

Answer 89

*Answer-1) Mahatma Gandhi University, Kottayam, Kerala Explanation:* According to the Times Higher Education (THE) Young University Rankings 2024, Mahatma Gandhi University (MGU) in Kottayam, Kerala, ranked 81(globally) has emerged as the highest-ranking Indian university. • Nanyang Technological University(NTU), Singapore has topped the global ranking for the 2nd consecutive year. • Apart from MGU, Anna University, Chennai, Tamil Nadu(TN) ranked 96th is the only Indian University featured among the top 100 on the 2024 ranking. • India is represented by 55 institutions in the 2024 ranking, up from 45 in 2023 and 26 in 2020. Option Revision: 3. Covered on 3rd February 2024:IIM Ahmedabad According to the Indian Institutional Ranking Framework(IIRF)’s Top Master of Business Administration (MBA) Colleges in India – 2024, the Indian Institute of Management (IIM), Ahmedabad (Gujarat), has topped among the Top Government MBA colleges in India. 4. Covered on 12th April 2024:Jawaharlal Nehru University Quacquarelli Symonds (QS) released the 14th edition of the QS World University Rankings by Subject 2024, which marked Jawaharlal Nehru University (JNU), New Delhi, Delhi as India’s highest-ranked institution in Development Studies (20th globally).

Answer 90

*Answer-3) HDFC Bank Explanation:* On 14th May 2024, HDFC Bank Limited launched PIXEL, India’s first virtual credit card, which allows users to design their cards with personalised benefits and offers. • The card, currently on Visa Network, is available in 2 variants: PIXEL Play and PIXEL Go. • This marks HDFC Bank’s debut in the end-to-end mobile app-based customisable credit card range. • The customers can register for the PIXEL cards on the PayZapp, the mobile application of HDFC Bank. • Mumbai(Maharashtra) based banking tech company Zeta is the technology provider for Pixel Option Revision: 2. Covered on 4th January 2024:NSDL Payments Bank Limited LEO1 (formerly known as Financepeer) in collaboration with NSDL Payments Bank Limited (NPBL), the wholly-owned subsidiary of NSDL, has launched ‘LEO 1 Card’ which is India’s first numberless Prepaid ID card with MasterCard as a network partner. 3. Covered on 18 April 2024:Axis Bank Axis Bank & Shoppers Stop Launched a New Co-branded Credit Card “Axis Bank Shoppers Stop Credit Card” to enhance the shopping experience for cardholders, both online and offline at an event at the Shoppers Stop Malad store, in Mumbai, Maharashtra. 4. Covered on 16th February 2024: Indian Overseas Bank Indian Overseas Bank (IOB), a public sector bank, celebrated its 88th Foundation day on 10th February 2024 in Chennai, Tamil Nadu.

Answer 91

*Answer-2) TATA AIG General Insurance Company Limited Explanation:* TATA AIG General Insurance Company Limited has introduced India’s first ‘Satellite In-Orbit Third-Party Liability Insurance’ policy which provides critical financial protection to meet the needs of satellite manufacturers and operators in the Indian space sector. • With this, TATA AIG General Insurance becomes the first private insurer in India to offer a Satellite Insurance cover. Option Revision: 1. Covered on 17th April 2024:State Bank of India Life Insurance Company Limited SBILIFE has launched its 1st edition of IdeationX, a groundbreaking initiative that aims to transform the future of the insurance industry. 3. Covered on 5th April 2024: Star Health and Allied Insurance Company Ltd. PhonePe & Star Health and Allied Insurance Company Ltd partners to offer customers health insurance with a monthly and annual payment option. 4. Covered on 14th March 2024: Future Generali India Life Insurance Company Limited FGILI launched a comprehensive women’s health insurance plan ‘Health PowHER’ designed specifically for women.

Answer 92

*Answer-5) Sahitya Akademi Fellowship Explanation:* The renowned English Author Ruskin Bond received the Sahitya Akademi Fellowship. • Madhav Kaushik, President of Sahitya Akademi and Dr. K. Sreenivasarao, Secretary of Sahitya Akademi handed over the plaque to Bond at his home (Mussoorie, Uttarakhand). • Bond received the Sahitya Akademi Award (1992) for his story collection “Our Trees Still Grow in Dehra”. Note: Ruskin Bond was named a recipient of Akademi’s highest honour in September 2021. Due to his illness, he was unable to receive the honour in person. Option Revision: 2.Covered on 10th January 2024:Kuvempu Rashtriya Puraskar Bengali writer and novelist, Shirshendhu Mukhopadhyay (87), has been honoured with the Kuvempu Rashtriya Puraskar 2023 by the Rashtrakavi Kuvempu Trust. 3. Covered on 13th January 2024:Tenzing Norgay National AwardDroupadi Murmu, President of India, honoured the Four winners of Tenzing Norgay National Adventure Award (TNNAA) 2022 during the Sports and Adventure Award 2023 event held in Rashtrapati Bhavan, New Delhi, Delhi. The 4 winners of TNNAA 2022 are: Savita Kanswal (posthumous), Praveen Singh, Tulsi Chaitanya Mothukuri, and Anshu Kumar Tiwari.

Answer 93

*Answer-2) BHISHM portable cubes Explanation:* On 14th May 2024, The Indian Air Force (IAF) conducted the maiden air drop test of BHISHM portable cubes, World’s 1st air-lifted portable hospital in Agra, Uttar Pradesh. • BHISHM portable cubes are part of a broader initiative named “Project BHISHM- Bharat health initiative for Sahyog, Hita and Maitri”. • The Aid Cube is unique with its ability to be deployed in just 12 minutes. • The modular trauma management and aid system is made up of 72 detachable mini cubes, each being a specialized station for emergency response and humanitarian efforts. Indian Army introduced its latest innovation i.e. Hexacopter Drone mounted by Machine Gun. This cutting-edge technology is developed indigenously under the “Make in India” initiative led by Government of India (GoI). • Sirin Hexadrones were developed by Ikran Aerospace and Technologies Private Limited (IAATPL). Click here to read more Option Revision: 2. Covered on 25th April 2024:Crystal Maze-2 missile Indian Air Force (IAF) successfully test fired the new version of an air-launched medium-range ballistic missile known as ROCKS or Crystal Maze-2 from a Su-30 MKI fighter jet in the Andaman and Nicobar Islands. 3. Covered on 13th March 2024:Agni-5 ballistic missile India successfully conducted the 1st flight test of an indigenously developed Agni-5 ballistic missile by the Defence Research and Development Organisation (DRDO), equipped with Multiple Independently Targetable Re-entry Vehicle (MIRV) technology from DR. APJ Abdul Kalam Island off the coast of Odisha. 4. Covered on 20th April 2024:Indigenous Technology Cruise Missile Defence Research and Development Organisation (DRDO) successfully conducted flight-test of Indigenous Technology Cruise Missile (ITCM) from the Integrated Test Range (ITR) located at Chandipur off the coast of Odisha.

Answer 94

*Answer-3) Japan Explanation:* Japan has launched the world’s first high-speed 6G prototype device, with a data transmission rate of 100 gigabits per second (Gbps), 20 times faster than the Gold Standard 5G technology. • The 6G device offers services covering an impressive range of 300 feet, showcasing the potential for a significant advancement in internet technology. • This was developed by a joint effort by Japan’s leading telecom companies, including NTT DOCOMO, Nippon Telegraph and Telephone (NTT) Corporation, NEC Corporation India Private Limited, and Fujitsu. Option Revision: 1. Covered on 6th April 2024:South Korea South Korea’s Korea Superconducting Tokamak Advanced Research (KSTAR), also known as the “artificial sun” Sets a Record For Sustaining Plasma At 100 Million Degrees Celsius 2. Covered on 15th April 2024:Israel Israel has deployed its ship-mounted defence system ‘C-Dome’ for the first time in Eilat, the southernmost city of Israel. The C-Dome is a naval version of the Iron Dome air defence system used to shield against rocket and missile attacks. 3.Covered on 23rd February 2024:United Arab Emirates The 11th edition of the World Governments Summit (WGS 2024) was held in Dubai, the United Arab Emirates (UAE). India, Türkiye and Qatar were named the Guests of honour at the WGS 2024 held in Dubai, UAE.

Answer 95

*Answer-1) Shyam Nikhil Explanation:* Indian Chess Player P.Shyam Nikhil (31 year old) has become India’s 85th Grand Master (GM). He achieved this feat after earning 3rd norm which is required for GM title at Dubai Police Masters 2024 which held from 3rd May to 13th May 2024 in Dubai, United Arab Emirates (UAE). • P.Shyam Nikhil hails from Tamil Nadu state, he earned his 1st GM-norm at 4th Mumbai Mayer’s Cup Open (Maharashtra) in September, 2011. • Then again in September 2011, he earned his 2nd GM-norm at 46th National Premier in Aurangabad, Maharashtra. • In May 2012,he crossed 2500 points and got published rating of 2502 points Federation International des Echecs or International Chess Federation (FIDE) ratings. Note: To become a GM, a player has to secure 3 GM norms and cross the live rating of 2500 Elo points. Option Revision: 2. Covered on 14th March 2024: Satwiksairaj Rankireddy The Indian badminton pair Satwiksairaj Rankireddy and Chirag Shetty won the men’s doubles title by defeating Chinese Taipei’s Lee Jhe-Huei and Yang Po-Hsuan at the finals of the YONEX French Open 2024. 3. & 4. Covered on 2th April 2024:Balbir Singh & Salima Tete Indian Field Hockey Player & Vice-captain of the Indian Hockey men’s team, Hardik Singh was honored with the Hockey India Balbir Singh Sr. Award for Player of the Year 2023 (Men) at the Hockey India 6th Annual Awards 2023 event held in New Delhi, Delhi. • Indian field hockey player Salima Tete was honoured with Hockey India Balbir Singh Sr. Award for the Player of the Year 2023 ( women).

Answer 96

*Answer- 3) 15 May Explanation:* The United Nations (UN)’s International Day of Families is annually observed across the globe on 15th May to raise awareness and highlight issues relating to families and to increase the knowledge of the social, economic, and demographic processes affecting families. • 15th May 2024 marks the observance of the International Day of Families 2024. • The year 2024 marks the 30th anniversary of the International Year of the Family (1994). The theme of International Day of Families 2024 is “Families and Climate Change”. Option Revision: 1. Covered on 20th March 2024: International Day of Happiness The United Nations (UN) International Day of Happiness is annually observed across the globe on 20 March.The theme of International Day of Happiness 2024 is ‘Happier Together.’ 2. Covered on 4th February 2024:International Day of Human Fraternity The United Nations (UN) International Day of Human Fraternity 2024 was observed across the globe on 4 February. 4. Covered on 24 January 2024: International Day of Education The United Nations (UN) International Day of Education (IDE) 2024 was observed across the globe on 24 January to celebrate the role of education in peace and development.

Answer 97

*Answer- 3) Maldives Explanation:* The Government of India (GoI) has provided Budgetary Support of USD 50 million, in the form of a rollover of the Treasury Bill (T-Bill), to the Maldives for another year. • The State Bank of India (SBI) has subscribed for one more year to the T-bill issued by the Ministry of Finance of Maldives, upon maturity of the previous subscription. • Government Treasury Bills are subscribed by SBI under a unique Government-to-Government arrangement at zero-cost (interest free) to the Government of Maldives. i.The government of India(GoI) has announced humanitarian assistance worth USD 1 million to the government of Kenya to deal with the devastation caused by the floods due to prolonged heavy rainfall in Kenya. • Previously, on 10th May 2024, Indian Naval Ship (INS) Sumedha delivered immediate relief material comprising a HADR pallet, and 2 medical pallets to the Government of Kenya at Mombasa Port. Click here to read more

Answer 98

*Answer-4) Bima Central Explanation:* State Bank of India (SBI) General Insurance Company Limited introduced Bima Central, India’s 1st insurance portfolio management platform to transform customer experience with innovation. • It has collaborated with Bima Central which was developed by CAMS Insurance Repository Services Limited (CAMSRep). • The platform allows customers to aggregate their insurance portfolio through an electronic-Insurance Account (eIA). • Policyholders of SBI General Insurance with an eIA through Bima Central platform can manage their insurance policies and can access their insurance portfolio through SBI General Insurance mobile app as well as through Bima Central app.

Answer 99

*Answer-1) Paytm Explanation:* MSCI Inc.(formerly known as Morgan Stanley Capital International Inc.) has announced changes in constituents for the MSCI Global Standard Indexes, which will take place as of close of 31st May 2024. • As per the May 2024 review, 13 Securities will be added to and 3 Securities will be removed from the India Index. • Following this, the net stock count will be 146 for India in the MSCI Global Standard Index. • The 13 Securities added to MSCI India Index are Bosch Limited; Canara Bank; Indus Towers Limited ; Jindal Stainless Limited ; JSW Energy Limited ; Mankind Pharma; NHPC Limited; PB Fintech Limited; Phoenix Mills Limited ; Solar Industries India Limited ; Sundaram Finance Limited ; Thermax Limited and Torrent Power Limited. • The 3 companies removed from MSCI India Index are Berger Paints India Limited; Indraprastha Gas Limited (IGL) and Paytm (One97 Communications Limited)Click here to read more

Answer 100

*Answer-4) India Explanation:* The 9th edition of the Forbes 30 Under 30 Asia list (2024) featured 86 entries from India which includes Akshit Bansal (29) and Raghav Arora (28), co-founders of Statiq-India and Bhagya Shree Jain (29), founder of The Disposal Company. i.The “30 Under 30 Asia” list by Forbes showcases young entrepreneurs, leaders, and trailblazers under 30 who are driving innovation and transforming industries across the Asia-Pacific region. ii.The 2024 list features 300 entries from 21 countries and territories. India had the most entries followed by China and Japan (32 each), Singapore (27), Australia (26) and Indonesia (18). Option Revision: 1. Covered on 13th January 2024:China India has secured a 2nd rank in the MSCI Emerging Markets (EM) index by surpassing Taiwan. The first spot is grabbed by China. 2. Covered on 22nd February 2024:Singapore the Henley Passport Index 2024: The 2 Asian nations Japan and Singapore have dominated 1st place on the index for the past 5 years.

Answer 101

*Answer-2) Lawrence Wong Explanation:* Lawrence Wong Shyun Tsai, a United States (US) trained economist and a former civil servant, was sworn in as the fourth Prime Minister (PM) of Singapore since independence. • The President of Singapore, Tharman Shanmugaratnam, administered the oath to Wong on May 15, 2024. • Wong succeeded Lee Hsien Loong who relinquished his position after 20 years (2004-2024). • He will be leading the fourth generation People’s Action Party (PAP) or 4G government as the Prime Minister and the Finance Minister. • He is set to hold the post until the general election which is set to be held by November 2025.

Answer 102

*Answer-1) R Lakshmi Kanth Rao Explanation:* Lakshmi Kanth Rao assumed charge as Executive Director (ED) of the Reserve Bank of India (RBI) with effect from 10th May 2024. Before this, he served as Chief General Manager-in-Charge in the Department of Regulation, RBI. • As an ED, he oversees the Deposit Insurance and Credit Guarantee Corporation, the Right to Information Act (FAA), and the Department of Communication.

Answer 103

*Answer-4) National Aeronautics and Space Administration Explanation:* National Aeronautics and Space Administration (NASA) has announced its plan to build 1st Railway System on Moon, and named as “Flexible Levitation on a Track (FLOAT)”. This Railway system is part of NASA’s Moon to Mars mission i.e. Robotic Lunar Surface Operations 2 (RLSO2). • The FLOAT system will be developed by NASA’s Jet Propulsion Laboratory (JPL) in California, United States of America(U.S.A.). • It will use unpowered robots which would levitate a 3-layer flexible film track to prevent abrasion from dust on lunar surface. • Carts will be mounted on these robots and will move at the speed of 1.61 kilometer per hour (Km/hr). • The system aims to transport approximately 100 tons of material per day to and from NASA’s future lunar base.

Answer 104

*Answer-2) Literature and Education Explanation:* Padma Shri awardee Malti Joshi, a renowned author, storyteller passed away at the age of 90. • Joshi was awarded the prestigious ‘Padma Shri’ in 2018, recognising her contributions to literature and education. • She also received Shikhar Samman (2006), Dushyant Kumar Sahitya Samman (2011), Ojaswini Samman (2011), Rashtriya Maithalisharan Gupt Samman for (2013-2014), Kamleshwar Smruti Puraskar (2016), Hindi Sevi Samman (2018). • Malti Joshi was born on 4th June, 1934 in Aurangabad, Maharashtra. She was Popularly known as ‘Malwa ki Meera’.

Answer 105

*Answer- 3) Anuradha Mascarenhas Explanation:* Anuradha Mascarenhas, Senior Assistant Editor, The Indian Express, has penned a new book titled “At The Wheel of Research: An Exclusive Biography of Dr. Soumya Swaminathan”. The book is published by Bloomsbury Publishing India Pvt. Ltd. • This book outlines the life journey of Dr. Soumya Swaminathan, the inaugural Chief Scientist at the World Health Organisation (WHO) (2019 to 2022) and the former Director General(DG) of the Indian Council of Medical Research (ICMR) (2015 to 2017). • She is the daughter of Dr. Monkumbu Sambasivan (MS) Swaminathan, the agricultural scientist popularly known as the “Father of the Green Revolution in India”. About Author: Anuradha Mascarenhas is a seasoned journalist who has won awards including the Press Council of India National Awards for Excellence in Journalism for Gender-Based Reporting in 2019.

Answer 106

*Answer-4) 16th May Explanation:* The United Nations (UN) International Day of Living Together in Peace 2024 was observed across the globe on 16 May to mobilise the efforts of global communities to promote peace, tolerance, inclusion, understanding, and solidarity. • On 8 December 2017, the UN General Assembly (UNGA) adopted a resolution A/RES/72/130 and declared 16 May of every year as the International Day of Living Together in Peace. • The first-ever International Day of Living Together in Peace was observed on 16 May 2018.Click here to read more

Answer 107

*Answer-2) PhonePe Explanation:* Bengaluru(Karnataka) based PhonePe, Indian digital payments company, has partnered with Sri Lanka’s LankaPay, owned by the Central Bank of Sri Lanka, to facilitate Unified Payments Interface (UPI) transactions for its users in Sri Lanka. • This allows PhonePe users to make payments in Indian Rupees (INR) across LankaPay’s merchant network, with currency exchange rates applied to transactions.

Answer 108

*Answer-4) 6.9% Explanation:* The ‘World Economic Situation and Prospects (WESP) 2024 – Mid Year Update,’ published by the United Nations Department of Economic and Social Affairs (UN-DESA), India’s economy is estimated to expand by 6.9% in 2024. This is an upward revision from the 6.2% Gross domestic product (GDP) forecast made by the UN in January 2024. • India’s GDP Growth projection for 2025 remains unchanged at 6.6%. • The report also anticipates a deceleration of consumer price inflation in India from 5.6% in 2023 to 4.5% in 2024. This is in line with the Reserve Bank of India’s (RBI) 2% to 6% medium-term target range. • Global economy projected to grow by 2.7% in 2024 (up by 0.3 percentage points from January 2024 forecast), and by 2.8% in 2025 (up by 0.1 percentage points). • Asia’s GDP growth forecast revised upwards to 5.8% in 2024, and 5.7% in 2025 Click here to read more

Answer 109

*Answer-3) 4.83% Explanation:* As per the data from the Ministry of Statistics and Programme Implementation (MoSPI), The annual inflation rate based on all India Consumer Price Index (CPI) number is 4.83% (Provisional) in April 2024, slightly down from 4.85% in March 2024, despite a continued surge in food prices. This decrease is attributed mainly to lower fuel prices. • Corresponding inflation rate for rural and urban is 5.43% and 4.11%, respectively. • The Consumer Price Index (CPI) -based retail inflation was 4.7% in April 2023.

Answer 110

*Answer-2) Cristiano Ronaldo Explanation:* On May 16, 2024, Forbes’ released the list of World’s Highest-Paid Athletes 2024 featuring top 50 highest paid athletes. Soccer Player Cristiano Ronaldo (Portugal) topped the list with a total earnings of USD 260 million, which includes USD 200 million on the field earnings and USD 60 million off the field earnings. • Spanish golfer Jon Rahm stands 2nd with a total earning of USD 218 million and Argentine Soccer player Lionel Messi stands 3rd with USD 135 million. • According to Forbes, the world’s 10 highest-paid athletes collectively earned USD 1.38 billion before taxes and agents’ fees over the past 12 months, which is the highest total ever.

Answer 111

*Answer-3) Arunachal Pradesh Explanation:* Arunachal Pradesh’s Sela Tunnel, an engineering marvel has been recognised as India’s Highest Tunnel by the International Book of Honour (IBH), England, United Kingdom (UK). This recognition underscores the achievement of the Border Road Organisation (BRO) in constructing the tunnel at an altitude of 13,000 feet through Project VARTAK with construction carried out by Patel Engineering Limited. • Sela Tunnel is the world’s longest bi-lane tunnel constructed on the road connecting Tezpur, Assam to Tawang in the West Kameng district of Arunachal Pradesh. • The 2.598 km-long Sela Tunnel on Tezpur-Tawang Road ensures year-long connectivity to the strategic Tawang Region. • Constructed at a cost of Rs 825 crore, the tunnel ensures all-weather connectivity along the National Highway (NH)-13 road to Tawang via Sela Pass on the Balipara – Chariduar – Tawang Road.

Answer 112

*Answer-2) Kapil Sibal Explanation:* Kapil Sibal, senior advocate and former Union Minister of Law and Justice has been elected as the President of Supreme Court Bar Association (SCBA) for the fourth time. • Kapil Sibal won the election by securing 1,066 votes, defeating Pradeep Kumar Rai, a senior advocate who secured 689 votes. • Sibal would take over from the incumbent, senior advocate Adish C. Aggarwala • Other Appointments: Rachna Srivastava, senior advocate has been elected as the Vice President and Vikrant Yadav, advocate as Secretary of SCBA.

Answer 113

*Answer-4) Mahamat Idriss Déby Itno Explanation:* Mahamat Idriss Déby Itno has been elected as the President of the Republic of Chad. He has been serving as the head of the state of Chad since April 2021. • Mahamat Idriss Déby Itno, son of Late President of Chad Idriss Déby, ran as the candidate of the Patriotic Salvation Movement Party(MPS). • He won the 2024 presidential election of Chad with 61% of the total votes.

Answer 114

*Answer-2) Neeraj Chopra Explanation:* 2020 Tokyo Olympics Gold medalist Neeraj Chopra won the Gold medal in the men’s Javelin with 82.27 meter(m) throw in 27th National Federation Senior Athletics Competition 2024. The tournament held at Kalinga Stadium in Bhubaneswar, Odisha. • This was the first time for Neeraj Chopra from Haryana to participate in an event in India in three years. Last time, he competed at the Federation Cup in 2021 and won a gold medal with an 87.80 m throw. • DP Manu from Karnataka won the Silver medal with 82.06m throw and Uttam Balasaheb Patil from Maharashtra won the Bronze medal with 78.39m.

Answer 115

*Answer-5) Kamla Beniwal Explanation:* A veteran Congress leader and former Gujarat Governor Dr Kamla Beniwal has passed away at the age of 97 at a private hospital in Jaipur, Rajasthan. She was born on 12th January 1927 in Jhunjhunu, Rajasthan. • At the age of 15, she joined the Indian National Congress (INC) and participated in the Quit India Movement (1942). • At the age of 27, she became the first woman minister in Rajasthan. • She has also served as the Governor of Gujarat (2009 to 2014) and Mizoram (July 2014 to August 2014) and as Deputy Chief minister of Rajasthan. • Beniwal was awarded the ‘Tamra Patra Award’ by then Prime Minister of India, Indira Gandhi.

Answer 116

*Answer-3) 3rd Friday of May Explanation:* Endangered Species Day (ESD) is annually observed across the globe on the 3rd Friday in May, to raise awareness about the endangered species, an animal or plant that is considered at risk of extinction. • ESD 2024 was observed on 17th May 2024. This marks the 19th annual observance of the day. • ESD 2023 was observed on 19 May 2023 and ESD 2025 will be observed on 16 May 2025. • The theme of ESD 2024 is “Celebrate Saving Species”. • The first ESD was celebrated on 11th May 2006.

Answer 117

*Answer-2) Ministry of Commerce and Industry Explanation:* 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

Answer 118

*Answer-4) Rotterdam, Netherlands Explanation:* 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.

Answer 119

*Answer-3) HDFC Bank Explanation:* 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).

Answer 120

*Answer-1) SBI Mutual Fund Explanation:* 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.

Answer 121

*Answer-3) YES Grandeur Explanation:* 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.

Answer 122

*Answer-4) Fatah-II Explanation:* 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).

Answer 123

*Answer-5) WASP-193b Explanation:* 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.

Answer 124

*Answer-1) Athletics Federation of India Explanation:* 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.

Answer 125

*Answer-3) May 18 Explanation:* 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

Answer 126

*Answer-4) Assam Explanation:* 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.

Answer 127

*Answer-3) Market Capitalization Explanation:* On May 17, 2024, the Securities and Exchange Board of India (SEBI) amended its Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015 with SEBI (LODR) (Amendment) 2024 for revising the method for calculating the market capitalization of listed companies under the LODR Regulations. • Instead of using a single day’s market cap (previously calculated on March 31), SEBI now employs an ‘Average Market Capitalization’ over a defined period. • This change affects ten provisions in the LODR Regulations viz. 3, 15, 17, 21, 25, 26A, 29, 30, 34, 43A, 44. • The change follows recommendations from a SEBI-appointed expert committee chaired by former whole-time member Santosh Kumar (SK) Mohanty, aimed at facilitating ease of business. • The changes will impact the Top 100/top 250 companies based on market capitalisation. For the rest of the companies, the framework is still voluntary. Click here to read more

Answer 128

*Answer-2) Bank of Maharashtra Explanation:* Bank of Maharashtra (BoM) emerged as the top performer among Public Sector Banks (PSBs) in terms of business growth during the Fiscal Year 2023-24 (FY24), according to published financial numbers of the public sector banks (PSBs). BoM recorded a remarkable 15.94% rise in total business (domestic) in FY24. • State Bank of India (SBI) followed closely with a growth rate of 13.12%. • SBI’s total business (deposit and advances) stood significantly higher at Rs 79,52,784 crore (about 16.7 times) compared to BoM’s Rs 4,74,411 crore. • State Bank of India (SBI), the largest state-owned lender in India, announced its Q4FY24 results, showcasing robust performance with a net profit of Rs 20,698.35 crore, up 24% from Q4FY23. Click here to read more

Answer 129

*Answer-4) BEML Limited Explanation:* BEML Limited (formerly Bharat Earth Movers Limited) has secured an order worth Rs 250 crore from Northern Coalfields Limited (NCL) for supplying 28 units of BH100 rear dump trucks. • Under this order, the dumpers will be maintained through a 5-year Guaranteed Spare Parts contract, ensuring operational efficiency. • The BH100 Rear Dump Truck can transport payloads of up to 100 tonnes, ideally for heavy-duty mining operations.

Answer 130

*Answer-1) William Lai Ching Explanation:* Dr William Lai Ching-te, a doctor turned politician was sworn in as the 16th President of Taiwan (Republic of China (ROC)) in a ceremony held at the presidential office in Taipei. The First Lady and Vice President Bi-khim Hsiao also attended the inaugural celebrations. • William Lai Ching-te succeeded Tsai Ing-wen, the 1st female head of state of Taiwan and Asia, who served as president for 2 consecutive 4-year terms since 2016. • Bi-khim Hsiao succeeded Lai Ching-te as the 16th Vice President of Taiwan.

Answer 131

*Answer-2) AK-203 Assault Rifles Explanation:* The Indo-Russian Joint Venture (JV), Indo-Russian Rifles Private Limited (IRRPL) based in Amethi, Uttar Pradesh, handed over 27,000 AK-203 assault rifles to Indian Army. These assault rifles achieved 25% of localization. • The 1st 70,000 rifles will be manufactured in India with a gradual increase of localization from 5% to 70%, remaining rifles will be manufactured with 100% localization. • These assault rifles will be manufactured through a special purpose Joint Venture (JV) called Indo-Russian Rifles Private Limited (IRRPL) at Korwa Ordnance factory in Amethi, Uttar Pradesh. • AK-203 assault rifle has a magazine capacity of 30 rounds. It has an effective range of 800m. • It has a gas-operated, rotary bolt-locking rifle and can fire 600 rounds in one minute.

Answer 132

*Answer-4) Hanooman AI Explanation:* Abu Dhabi(United Arab Emirates (UAE))-based AI investment firm 3AI Holding and Seetha Mahalaxmi Healthcare (SML) India have launched India’s homegrown generative artificial intelligence (GenAI) platform ‘Hanooman AI’, an Indian large language model (LLM) in 98 global languages, including 12 Indian languages, along with text translation capabilities. • The 12 Indian languages are Hindi, Marathi, Gujarati, Bengali, Kannada, Odia, Punjabi, Assamese, Tamil, Telugu, Malayalam, and Sindhi. • The platform aims to serve four sectors, including healthcare, governance, financial services, and education.

Answer 133

*Answer-5) Thailand Open Explanation:* Indian shuttlers Satwiksairaj Rankireddy and Chirag Shetty have won the men’s doubles title in the Badminton World Federation (BWF) Thailand Open Super 500 badminton tournament 2024 which was held from 14th to 19th May 2024 in Bangkok, Thailand. • The world No. 3 Indian pair clinched the title by defeating the 29th-ranked Chen Bo Yang and Liu Yi of China. • This was their second tournament win of 2024 and second Thailand Open title after winning it in 2019. • The Indian duo won the Swiss Open, the Indonesia Open and the Korea Open in 2023 as well as won the French Open Super 750 in March 2024.Click here to view full winner list

Answer 134

*Answer-3) Emilia-Romagna GP Explanation:* Red Bull’s Max Verstappen won the Emilia Romagna Grand Prix(GP) 2024 title by defeating McLaren’s Lando Norris who finished on the second spot. The Emilia-Romagna Grand Prix was held on 19th May 2024 in Imola, Italy. • This was the 59th Formula 1 win of his career and third consecutive win in Imola, Italy. • Ferrari’s Charles Leclerc clinched the third position while McLaren’s Oscar Piastri finished fourth in the race. • The 2024 Emilia Romagna Grand Prix (officially the Formula 1 MSC Cruises Gran Premio del Made in Italy e dell’Emilia-Romagna) is the seventh race of the 2024 FIA Formula One World Championship.

Answer 135

*Answer-2) Ebrahim Raisi Explanation:* On May 19 2024, Iran’s 8th President Ebrahim Raisa was died in a helicopter crash in northwestern Iran (Iran-Azerbaijan border), Following his death Iran’s 1st Vice President Mohammad Mokhber was appointed as Interim President of Iran for 50 days (before mandatory presidential elections). • Iran’s government cabinet also appoints Deputy Foreign Minister Ali Bagheri Kani as acting foreign minister after the death of Hossein Amir-Abdollahian in the crash. • Mohammad Mokhber’s elevation to presidential office will be subject to the approval of Supreme Leader Ayatollah Ali Khamenei. • Ebrahim Raisi won Iran’s 2021 presidential election with 62% of the vote.

Answer 136

*Answer-3) May 20 Explanation:* The United Nations (UN) World Bee Day is annually observed across the globe on 20 May to raise awareness about the importance of bees and beekeeping globally and the significance of pollinators, the threats they face, and their contribution to sustainable development. • World Bee Day 2024 was focused on the theme “Bee Engaged with Youth.” • The 1st World Bee Day was observed on 20 May 2018. • May 20 coincides with the birthday of Anton Janša of Slovenia, a pioneer of modern apiculture (beekeeping) techniques in the 18th century.Click here to read more

Answer 137

*Answer-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.

Answer 138

*Answer-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.

Answer 139

*Answer-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.

Answer 140

*Answer-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.

Answer 141

*Answer-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.

Answer 142

*Answer-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.

Answer 143

*Answer- 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.

Answer 144

*Answer-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.

Answer 145

*Answer-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.

Answer 146

*Answer-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

Answer 147

*Answer-3) Employees’ Provident Fund Organisation Explanation:* 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.

Answer 148

*Answer-5) 39th; the United States of America(USA) Explanation:* 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

Answer 149

*Answer- 1) World Bank Explanation:* 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).

Answer 150

*Answer-2) Axis Bank Explanation:* 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.

Answer 151

*Answer- 5) Porter Explanation:* 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.

Answer 152

*Answer-2) Kairos Explanation:* 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 Prize.click here to read more

Answer 153

*Answer-3) To Lam Explanation:* 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.

Answer 154

*Answer-2) Pradeep Natarajan Explanation:* 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.

Answer 155

*Answer-3) Magnus Carlsen Explanation:* 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.

Answer 156

*Answer-5) May 22 Explanation:* 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

Answer 157

*Answer-2) Bengaluru, Karnataka Explanation:* Air Chief Marshal Vivek Ram Chaudhari, the Chief of the Air Staff (CAS) of the Indian Air Force (IAF) has inaugurated the first-ever Emergency Medical Response System (EMRS) at Command Hospital Air Force (CHAF) in Bengaluru, Karnataka. • The EMRS is a 24/7 telephonic medical helpline for serving IAF personnel and their families across India. • This system aims to provide timely response by a team of medical and paramedical professionals to the caller experiencing an emergency anywhere in India.

Answer 158

*Answer-5) Delhi Explanation:* According to the Oxford Economics’ Global Cities Index 2024, Delhi has ranked 350th among the world’s largest 1,000 cities and emerged as the highest-ranked Indian city. • New York City, the United States of America(USA) has topped the 2024 Index followed by London, The United Kingdom(UK) and San Jose, USA at 2nd and 3rd rank. • As per the index, 1000 largest cities in the world accounted for 60% of global Gross Domestic Product (GDP) in 2023. • Some other Indian cities in the index are: Kolkata, West Bengal (528th ), Pune, Maharashtra (539th ), and Thrissur, Kerala (550th ). Click here to read more

Answer 159

*Answer-2) Spain Explanation:* Spain officially became the 99th member of the International Solar Alliance (ISA) which shows its commitment to promote solar energy in the energy sector. • At present, 119 countries have signed the ISA framework and 99 countries have signed as well as ratified ISA framework. • It is an inter-governmental organisation jointly formed by India and France in 2015. It aims to mobilise efforts against climate change through the deployment of solar energy solutions. Note: In March 2024, Panama became the 98th country to ratify ISA framework. Option Revision: 2,3 &4. Covered on 4 January 2024:Egypt, Ethiopia, & Saudi Arabia. Five countries namely Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates (UAE) has joined the BRICS(Brazil, Russia, India, China, and South Africa) bloc as their membership came into force from January 1, 2024.

Answer 160

*Answer-4) USD 14.7 billion Explanation:* On May 21, 2024, the Reserve Bank of India (RBI) recently published its ‘State of the Economy‘ report, authored by Deputy Governor Michael Debabrata Patra and others. • Non Resident Indian (NRI) deposit flows surged by 63.5% to USD 14.7 billion in FY24, the highest in 8 years. The earlier high was USD 15.97 billion in FY16. • As per the report, durable alignment of headline retail inflation with the 4% target may begin in the second half of FY25, potentially reaching target levels by FY26. • Outward remittances under India’s Liberalized Remittance Scheme (LRS) hit a record high of USD 31.73 billion in FY24, marking a 16.91% increase Y-o-Y from FY23’s USD 27.14 billion. • As per the report, Net Foreign Direct Investment (FDI) into India dropped by 62.17% to USD 10.58 billion in FY24, the lowest since 2007, from USD 27.98 billion In FY23. Click here to read more

Answer 161

*Answer-5) Reserve Bank of India Explanation:* On 22nd May 2024, the Central Board of Directors of the Reserve Bank of India (RBI) approved the transfer of Rs 2,10,874 crore (~Rs 2.11 Lakh crore) as surplus to the Central government for the fiscal year 2023-24 (FY24). This is around 141% higher than surplus transferred in FY23 (Rs 87,416 crore.). • Higher dividend aids Central Government in achieving fiscal deficit target of 5.1% of Gross Domestic Product (GDP) for FY25. • This is above the budgeted figure of Rs 1.50 lakh crore in the Interim Budget for FY2025 under dividends and profits, which includes dividends from Public Sector Undertaking (PSUs).

Answer 162

*Answer-3) Rajeev Kher Explanation:* The International Financial Services Centres Authority (IFSCA) has constituted an expert committee to position Gujarat International Finance Tec-City- International Financial Services Centre (GIFT-IFSC) in Gandhinagar, Gujarat as “Global Commodity Trading Hub”. • The 21-member expert committee will be chaired by Rajeev Kher, Former Secretary, Ministry of Commerce and Industry(MoCI).Click here for the complete list of members • It will develop legal, regulatory and policy frameworks and incentive structures that will help to promote GIFT-IFSC as a Global Commodity Trading Hub.

Answer 163

*Answer-2) Mahindra & Mahindra Financial Services Limited Explanation:* Mahindra & Mahindra Financial Services Limited (MMFSL) has received the Certificate of Registration (Corporate Agency License) from Insurance Regulatory and Development Authority (IRDAI), an insurance regulator to act as a ‘Corporate Agent (Composite)’ under the Insurance Act, 1938. • The licence will enable Mahindra Finance to sell life and general insurance policies offered by various insurers. • The registration shall be valid from May 21, 2024 to May 20, 2027 and it enables the company to undertake further business activity of soliciting and procuring insurance business in the areas of life, health and general insurance – both group and individual.

Answer 164

*Answer-1) Nippon Life India Asset Management Limited Explanation:* Nippon Life India Asset Management Limited (NAM India), the asset manager of Nippon India Mutual Fund (NIMF), has announced the launch of the sonic identity ‘The Sound of Freedom’, a powerful soundscape symbolising financial freedom. • NIMF has became the first asset management company (AMC) in India to launch its own brand sound. • The new musical logo of NIMF ‘MOGOSCAPE’, captures the core values, emotions, and persona of the organisation.

Answer 165

*Answer-5) Ligdus Garvale Explanation:* A team of naturalists have discovered Ligdus Garvale, a new species of jumping spider which was found in Garvale village of the Kodagu district, Karnataka. • The discovery has been published in the journal Zootaxa. • It marks the second recorded instance of the Ligdus genus in 129 years whereas the first, Ligdus Chelifer, was reported from Myanmar by Thorell in 1895. • Jumping Spiders are the largest family of spiders, with more than 6,380 species belonging to the family Salticidae

Answer 166

*Answer-5) 23 May Explanation:* The United Nations (UN) International Day of Vesak, (also known as Buddha Purnima or Buddha Jayanti in India) is annually observed across the globe on the Day of the Full Moon in May. It is the most sacred day for millions of Buddhists globally. • In 2024, the International Vesak Day, or Buddha Purnima was observed on 23 May 2024. • This Day acknowledges the birth of Prince Siddharta Gautama, who later became known as the Buddha and founded Buddhism. • Buddha Purnima 2024 marks the 2586th birth anniversary of Gautam Buddha.Click here to read more

Answer 167

*Answer-3) Ministry of Women and Child Development Explanation:* The Ministry of Women and Child Development (MoWCD) has officially dissolved the Food and Nutrition Board (FNB), as part of a government rationalisation plan. FNB is a technical support wing of the MoWCD, headquartered in Delhi. • The FNB ceased operations effective 1 December 2023, following the formal dissolution approval on 30 November 2023. • The FNB was originally established under the Ministry of Agriculture and Farmers Welfare. In 1993, it was transferred to the MoWCD. • In April 2023, the Cabinet approved MoWCD’s proposals for rationalisation and closure of the FNB, Rashtriya Mahila Kosh, and the Central Social Welfare Board.

Answer 168

*Answer-4) Rs 42,270 crore Explanation:* As per data from the Reserve Bank of India (RBI) presented in Parliament, unclaimed deposits in public and private sector banks reached Rs 42,270 crore as of March 2023. • The COVID-19 pandemic significantly impacted this figure, with unclaimed deposits standing at Rs 39,900 crore in December 2022, more than double the amount from December 2019. • Public Sector Banks (PSBs) hold Rs 33,303 crore (83% of total) as of December 2022. It is highest in State Bank of India (SBI) with 2.16 crore accounts worth Rs 8,069 crore. • In Private banks, ICICI Bank holds the highest amount of unclaimed deposits around Rs 1,074 crore in 31.8 lakh accounts. • RBI launched UDGAM (Unclaimed Deposits-Gateway to Access inforMation) online portal for centralized search of unclaimed deposits. As of March 2024, 30 banks participate in UDGAM.Click here to read more Note: Accounts inactive for 10 years or term deposits not claimed within 10 years are classified as unclaimed.

Answer 169

*Answer-3) Burgan Bank Explanation:* Tata Consultancy Services (TCS), a global leader in Information technology (IT) services, consulting, and business solutions, has signed a deal to modernize the core banking technology of Burgan Bank, one of the youngest commercial banks in Kuwait. • TCS will deploy TCS BaNCS to consolidate multiple standalone legacy applications into a modern universal banking solution that promotes innovation and strengthens customer relationships. • TCS BaNCS is a core banking software suite developed by TCS for use by retail banks.

Answer 170

*Answer-2) Shrinivas Ramchandra Kulkarni Explanation:* Indian-Origin American Scientist Shrinivas Ramchandra Kulkarni has been conferred the prestigious 2024 Shaw Prize in the category of Astronomy. • The award is given in recognition of his contributions to time-domain astronomy culminated in the conception, construction and leadership of the Palomar Transient Facility (PTF) and its successor, and the Zwicky Transient Facility (ZTF). These discoveries help to better understand time-variable optical sky. • The awards were announced in 3 categories: Astronomy, Life Science and Medicine, and Mathematical Sciences. Other winners of the 2024 Shaw Prize: SNO Winner Category Work 1. Swee Lay Thein (Malaysia) And Stuart Orkin (U.S.A.) Life Science and Medicine For their discovery of the genetic and molecular mechanisms underlying the fetal-to-adult hemoglobin switch, making it possible to treat sickle anemia and Beta thalassemia. 2. Peter Sarnak (U.S.A.) Mathematical Sciences For his development of the arithmetic theory of thin groups and the affine sieve, by bringing together number theory, analysis, combinatorics, geometry and spectral theory.

Answer 171

*Answer-4) Thiruvananthapuram International Airport Explanation:* Thiruvananthapuram International Airport, in Thiruvananthapuram, Kerala has become the first airport in India to achieve Zero Waste to Landfill (ZWL) accolade awarded by the CII-ITC CESD (Centre for Excellence for Sustainable Development). • The ZWL assessment stated that the Airport has successfully implemented the best waste management practices and achieved 99.50% waste diversion from landfills. • Airport achieved 99.5% waste diversion from landfills by integrating a robust value chain system and adopting the 5R principles – Reduce, Reuse, Reprocess, Recycle and Recover – of Sustainable Waste Management. • The Airport has set up a sophisticated waste management system that follows the ISO 14001:2015 standards. Note:CII-ITC CESD was established in 2006 by ITC Limited in collaboration with the Confederation of Indian Industry (CII) to create awareness, provide thought leadership, build capacity and award exemplary performance in the area of sustainability.

Answer 172

*Answer-1) Equestrian Federation of India Explanation:* The Delhi High Court (HC) has appointed Justice Najmi Waziri, retired judge of Delhi HC, as the Chairperson of the Ad-Hoc Administrative Committee (AAC) to supervise the administration of the Equestrian Federation of India (EFI), the governing body for equestrian sports in India. • The committee comprises former Chief Election Commissioner (CEC) of India Dr. S.Y. Quraishi as the Observer and Advocate Rohini Musa as Member of AAC. • He was famously known as the ‘Green Judge’ of Delhi for his efforts to enrich the greenery of New Delhi by asking litigants to plant 3.7 lakh trees. • Justice Najmi Waziri was honoured with the SKOCH India Law Award in 2023 for the Services to Justice.

Answer 173

*Answer-2) Allamaye Halina Explanation:* The Chadian President Mahamat Idriss Deby Itno has appointed Chad’s former ambassador Allamaye Halina as the new Prime Minister(PM) of the Republic of Chad. • Allamaye Halina replaced the opposition leader Succes Masra, who resigned from the post on 22nd May 2024. Note: Deby was sworn in as President of Chad for a five-year term after winning the presidential election on May 6 2024.

Answer 174

*Answer-3) Cisco Explanation:* Tata Communications Limited, a global communications technology player, has partnered with Cisco Systems, Inc to launch Webex Calling with cloud Public Switched Telephone Network (PSTN) for enterprises doing business in India • The ‘Webex Calling’ by Tata Communications will be a first-of-its-kind service in India that will be offered by integrating Cisco’s Webex Calling with the cloud voice services of Tata Communications GlobalRapide platform. • Webex Calling is a modern and comprehensive business phone system that provides enterprise-grade calling via a globally available cloud platform, with over 14 million users around the world.

Answer 175

*Answer-4) Emblica chakrabartyi Explanation:* A team of scientists has discovered the new plant species ‘Emblica chakrabartyi’ from Adichilthotti within the Edamalayar forest range of Kerala. The new species is named after Tapas Chakrabarty, former scientist at the Botanical Survey of India (BSI), for his contribution to the study on Phyllanthaceae. i.The discovery of the plant species has been published in John Wiley & Sons’ International Journal, Nordic Journal of Botany, from Sweden. ii.Emblica chakrabartyi belongs to the gooseberry (Phyllanthaceae) family and as shrubs in tropical rain forests.A total of 55 species of the genus Emblica have been recorded all around the world. The new plant is the 11th from India.

Answer 176

*Answer-3) May 24 Explanation:* World Schizophrenia Awareness Day 2024 was observed across the globe on 24 May to raise awareness about Schizophrenia, a serious mental illness affecting 24 million people worldwide. i.World Schizophrenia Awareness Day also known as Pinel Day, was established by the National Schizophrenia Foundation (NSF), a not-for-profit agency, in honour of French physician Dr. Philippe Pinel. ii.The term Schizophrenia was coined on 24 April 1908 by Swiss Psychiatrist Professor Paul Eugen Bleuler. Click here to read more

Answer 177

*Answer-5) Cyber Suraksha Explanation:* On May 22 2024, the Chief of Defence Staff (CDS) Gen Anil Chauhan attended ‘Exercise Cyber Suraksha 2024’, highlighting the critical importance of enhancing India’s cyber defence capabilities. • The exercise was conducted by the Defence Cyber Agency from 20th to 24th May 2024 in New Delhi (Delhi), aiming to develop the Cyber Defence Capability of all Cyber security organisations and promote cooperation amongst all stakeholders.

Answer 178

*Answer-1) Nikesh Arora Explanation:* According to the Wall Street Journal (WSJ)’s list of the highest-paid Chief Executive Officers (CEOs) in the United States of America (USA) for 2023. Indian-origin Nikesh Arora, chairman and CEO of Palo Alto Networks became the world’s 2nd highest-paid CEO in 2023 with a substantial remuneration of USD 151.43 million (approximately Rs 1,260 crore). • Hock E. Tan, President and CEO of Broadcom Inc., is the world’s highest-paid CEO with a pay package of USD 161.83 million in 2023. • Stephen A. Schwarzman, Chairman, CEO, and Co-Founder of Blackstone, secured the 3rd spot with a package of USD 119.78 million in 2023.

Answer 179

*Answer-4) Gross Domestic Product Explanation:* According to the Bombay Stock Exchange (BSE) data, India’s market capitalization to Gross Domestic Product ratio (mcap-to-GDP) has recorded growth of 15-year high of 140.2%. This increase is significantly higher compared to 95.8% at the end of March 2023. • On 21 May 2024, the total mcap of the 4,357 companies available for trading on the BSE reached Rs 414.46 trillion or USD 5 trillion as against India’s GDP at current prices of Rs 296.6 trillion in FY24.Click here to read more Note: India’s mcap-to-GDP ratio registered growth of all-time high of 149.4% at the end of December 2007, with combined mcap of BSE listed and traded companies had reached Rs 71.7 trillion compared to India’s GDP at current prices of Rs 48 trillion

Answer 180

*Answer-2) Arti Explanation:* Arti(18), a rickshaw driver from Uttar Pradesh (UP) has won the prestigious Amal Clooney Women’s Empowerment Award at the Prince’s Trust Awards, an event that celebrates the achievements of young people from around the world in London, United Kingdom (UK). • She has also met King Charles III at Buckingham Palace, London, UK, after winning the award. • The award is given in recognition for her role in inspiring other young girls through her involvement in the Indian government’s Pink E-rickshaw initiative Note: Amal Clooney Women’s Empowerment Award was named after the famous English Barrister Amal Clooney.

Answer 181

*Answer-4) Shahid Afridi Explanation:* Shahid Afridi, Pakistan cricketer has been named as a Tournament ambassador for the International Cricket Council (ICC) Men’s T20 World Cup 2024 which will take place in the United States of America (USA) and West Indies from 1 to 29 June, 2024. • He has joined Chris Gayle, Yuvraj Singh and Usain Bolt in the list of ambassadors.

Answer 182

*Answer-3) C-130J Super Hercules Explanation:* Indian Air Force (IAF)’s C-130J Super Hercules tactical transport aircraft successfully carried out a Night Vision Goggles(NVG)-aided landing at the Kargil airstrip, Advanced Landing Ground (ALG) in the Eastern sector(close to the Line of Control (LoC) with Pakistan). • The IAF has for the first time landed an aircraft using NVG. C-130J was manufactured by Lockheed Martin. • Kargil ALG is located at an altitude of around 10,000 feet and is a restricted airstrip with unidirectional approach surrounded by rough terrain.

Answer 183

*Answer-2) Mixed 4×400 relay Explanation:* India’s mixed 4×400 relay team has set a national record by winning a gold medal at the inaugural edition of Asian Relay Championships 2024 while the men’s and women’s 4×400 teams secured silver medals. • The first Asian Relay Championship was held from 20th May to 21st May 2024 in Bangkok, Thailand. • The gold-winning Indian mixed team members are Muhammed Ajmal, Jyothika Sri Dandi, Amoj Jacob and Subha Venkatesan. • The men’s team was represented by Muhammed Anas Yahiya, T Santosh Kumar, Mijo Chacko Kurian, and Arokia Rajiv bagged the silver medal. • The Indian women’s 4×400 meters relay team comprised of Vithya Ramraj, MR Poovamma, Rupal and Prachi Choudhary won the silver medal.

Answer 184

*Answer-5) All A, B & C Explanation:* The International Olympic Committee (IOC) in partnership with Reliance Foundation and Abhinav Bindra Foundation has launched “Let’s Move India” campaign, inviting everyone to embrace the joy of movement and to celebrate athletes participating at the 2024 Olympic Games scheduled to be held in Paris, France. • The initiative was unveiled on Viacom18’s JioCinema, the official Media Rights-Holder of the Olympic Games Paris 2024 in India. • Young people can also take part in a series of regional school initiatives in collaboration with the Reliance Foundation and Abhinav Bindra Foundation to coincide with the International Olympics Day 2024 (23rd June 2024).

Answer 185

*Answer-2) May 25 Explanation:* International Day of Missing Children or International Missing Children’s Day (IMCD) is annually observed across the globe on 25 May to commemorate the missing children, including those who have subsequently been found, and to raise awareness about the issue of missing children. • This Day is now widely known as Missing Children’s Day, with the “forget-me-not flower” as its emblem. • In 2001, May 25th was formally recognised as 1st ever International Missing Children’s Day (IMCD).Click here to read more

Answer 186

*Answer-3) May 25 Explanation:* World Thyroid Day (WTD) 2024 was observed across the globe on 25 May to raise awareness about the significance of the thyroid gland, a vital endocrine (hormone-producing) gland, and to educate people on thyroid diseases and their symptoms. • WTD forms part of International Thyroid Awareness Week (ITAW) (25-31 May 2024), supported by the global, non-profit network of patient organisations known as Thyroid Federation International (TFI). The theme of the ITAW-WTD 2024 is “Non-Communicable Diseases (NCDs)“. • The Blue Paisley Ribbons are used as the symbol for Thyroid Awareness.Click here to read more

Answer 187

*Answer-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.

Answer 188

*Answer-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.

Answer 189

*Answer-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.

Answer 190

*Answer-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.

Answer 191

*Answer-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

Answer 192

*Answer-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.

Answer 193

*Answer-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.

Answer 194

*Answer-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.

Answer 195

*Answer-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.

Answer 196

*Answer-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.

Answer 197

*Answer-3) Indian Oil Corporation Limited Explanation:* Indian Oil Corporation Ltd. (IndianOil) has handed over a state-of-the-art green hydrogen fuel cell bus to the Indian Army at the National War Memorial, India Gate, New Delhi, Delhi. This will promote sustainable, eco-friendly transportation solutions. • IndianOil and the Indian Army also signed a Memorandum of Understanding (MoU) to pioneer the deployment of hydrogen fuel cell technology for heavy-duty e-mobility. • The handing over and MoU signing ceremony were held in the presence of General Manoj Pande, Chief of Army Staff (CAS) and Shrikant Madhav Vaidya, Chairman of IndianOil.

Answer 198

*Answer-4) Gas Authority of India Limited Explanation:* Gas Authority of India Limited (GAIL) has inaugurated its first largest Green Hydrogen (GH2) Plant at Vijaipur complex in Madhya Pradesh (MP). It has been installed in line with the National Green Hydrogen Mission (NGHM). • The plant has a capacity to produce 4.3 tonnes per day (TPD) of hydrogen through 10 MegaWatt (MW) Proton Exchange Membrane (PEM) Electrolyzer by using renewable power to perform electrolysis of water. • The 10 MW plant was built with an investment of Rs 231 crore which marks a major step towards achieving the GAIL’s target of net-zero status by 2040 and National Green Hydrogen(NHM)’s goal of 5 million tons of annual green hydrogen production capacity for India by 2030.

Answer 199

*Answer-2) Social Stock Exchange Explanation:* The Securities and Exchange Board of India (SEBI) has instructed the social enterprises who have registered or raised funds through the Social Stock Exchange (SSE) to submit an ‘Annual Impact Report’ for the fiscal year 2023-24 to the exchange by the end of October 2024. • In September 2023, SEBI required the social enterprises that raised funds through SSE to disclose the annual impact report within 90 days from the end of financial year. • Not-for-profit organisations (NPOs) registered on the SSE are required to show their annual activities on the exchange for FY24. • SEBI has appointed two additional agencies – ICMAI Social Auditors Organisation under the Institute of Cost Accountants of India (ICAI) and ICSI Institute of Social Auditors under the Institute of Company Secretaries of India as Self-Regulatory Organisations (SROs) to assess the societal impacts of social activities carried out by social enterprises.

Answer 200

*Answer-5) NHCX Explanation:* Union Ministry of Health and Family Welfare (MoHFW) is set to launch a unified portal named National Health Claim Exchange (NHCX) to simplify the process of filing health insurance claims. It aims to foster transparency and ensure interoperability of health insurance claims and help to enhance the efficiency of the health insurance sector. • The portal is expected to be launched in the next 2 or 3 months. • The NHCX is developed by the National Health Authority (NHA) and it has been developed as part of Ayushman Bharat Digital Mission (ABDM). • The portal will serve as a single-window platform between health insurance companies, hospitals and insurance policyholders, and will facilitate easier and faster health insurance claim settlements.

Answer 201

*Answer-3) ICICI Bank Limited Explanation:* i.The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on ICICI Bank Limited for sanctioning term loans to certain entities to replace budgetary resources for specific projects without proper due diligence. • ICICI Bank was imposed a penalty for non-compliance of ‘Loans and Advances – Statutory and Other Restrictions’. ii. The RBI has also imposed a monetary penalty of Rs 91 lakh on Yes Bank Limited for multiple violations of banking norms. • Yes Bank has violated RBI regulations by charging fees on accounts with zero balance and opening internal accounts in customers’ names for unauthorised purposes such as parking funds and routing customer transactions.

Answer 202

*Answer-2) Payal Kapadia Explanation:* The 77th annual Cannes International Film Festival was held from May 14 to May 25, 2024, in Cannes, France. American comedy-drama film ‘Anora’ directed by Sean Baker won the Palme d’Or, the highest honour of the Cannes festival. i.Indian film ‘All We Imagine as Light’ directed by Payal Kapadia won the Grand Prix, the 2nd highest award of the festival. She became the first Indian to win this award. ii.Santosh Sivan, an Indian cinematographer and film director, was honoured with the Pierre Angénieux Tribute Award in recognition of his career and exceptional quality of work. He became the first Asian to win this award. iii.Indian actress Anasuya Sengupta won the Best Actress award for her performance in ‘The Shameless’ in the ‘Un Certain Regard’ category. iv.Mysuru (Karnataka) filmmaker Chidananda S. Naik won 1st prize in the La Cinéf section for his 15-minute short film “Sunflowers Were the First to Know,” based on Kannada folklore. Click here to read more

Answer 203

*Answer- 2) Only A & C Explanation:* Doordarshan Kisan (DD Kisan), a Doordarshan channel has become the first Indian Government TV channel to launch two Artificial intelligence (AI) Anchors AI Krish and AI Bhoomi, which can speak in 50 different languages and provide information about agricultural research. • It was launched marking DD Kisan’s 9th anniversary on May 26th 2024. • The main aim is to give farmers information about farming research, market trends, weather updates, and government programmes. The channel will be available to farmers in every state across India.

Answer 204

*Answer-3) Dipa Karmakar Explanation:* Dipa Karmakar (from Tripura) has become the first Indian gymnast to win a gold medal in the women’s vault apparatus at the Asian Gymnastics Championships 2024 (11th Senior Women Artistic Gymnastics Asian Championships) held from 24th to 26th May 2024 in Tashkent, Uzbekistan. • This is the first time an Indian gymnast has won a gold medal in any event at the Asian Championships. • In 2016, She became the first female gymnast from India to compete in the Olympics. She finished 4th at the 2016 Summer Olympics, held in Rio de Janeiro, Brazil. • She won the gold medal at the 2018 International Gymnastics Federation (FIG) Artistic Gymnastics World Cup series held in Mersin, Türkiye and became the first Indian ever to win a gold medal at a global gymnastics event.

Answer 205

*Answer-3) Charles Leclerc Explanation:* On 26 May 2024, Ferrari’s Charles Leclerc, a racing driver from Monaco won the Monaco Grand Prix (GP) 2024 (officially Formula 1 (F1) Grand Prix de Monaco 2024) held at Circuit de Monaco in Monte Carlo. This victory is Charles Leclerc’s 1st win since the 2022 Austrian GP, breaking a 39-race winless line. • With this victory, Charles became the 1st Monegasque driver to win the Monaco GP since Louis Chiron in 1931. • McLaren’s Oscar Piastri of Australia finished 2nd and Ferrari’s Carlos Sainz of Spain finished 3rd in the Monaco GP 2024. • 2024 marks the 75th season of the F1 world championship and Monaco GP 2024 was round 8 of the 2024 F1 season

Answer 206

*Answer-1) May 28 Explanation:* World Menstrual Hygiene Day 2024 was observed across the globe on 28th May to raise awareness about the importance of good Menstrual Hygiene Management (MHM) and address the issues women and girls encounter during menstruation. • The 2024 theme of World MH Day is “Together for a #PeriodFriendlyWorld”. • The 2024 theme aims to eradicate the stigma surrounding menstruation and ensure global access to products, education, and infrastructure. • 28 May, the 28th day of the 5th month, was chosen as the MH Day because it represents the average length (28 days) of a menstrual cycle and a person usually menstruate for 5 days each month.

Answer 207

*Answer-3) International Labour Organization Explanation:* The National Skill Development Corporation (NSDC) under the Ministry of Skill Development and Entrepreneurship (MSDE) has signed a Memorandum of Understanding (MoU) with the International Labour Organization (ILO) to advance skill development and lifelong learning in India and globally. • This partnership aims to empower individuals across the globe, by equipping them with essential competencies and qualifications, thereby enhancing employability and sustainable economic growth. • A key aspect of the partnership is the implementation of the Skill India Digital Hub (SIDH). • Governments, workers’ and employers’ organizations in ILO’s member countries will be able to use SIDH to digitize systems, processes, skills delivery, and job matching, based on a cost-effective model.

Answer 208

*Answer-4) PRAVAAH portal Explanation:* On 28th May 2024, the Governor of the Reserve Bank of India (RBI), Shaktikanta Das launched 3 major initiatives namely – the Platform for Regulatory Application, Validation, and Authorisation (PRAVAAH) portal, RBI Retail Direct Mobile Application and a Fintech Repository. The main objective of these initiatives is to enhance regulatory processes, facilitate retail investment, and provide comprehensive data on the fintech sector. • These 3 initiatives were announced by RBI in its bi-monthly statement on Development and Regulatory Policies in April 2023, April 2024, and December 2024 respectively. • PRAVAAH Portal: It is a centralized, secure web-based platform that will allow individuals or entities to apply online for regulatory approvals, licenses, and authorizations from the RBI. • RBI Retail Direct Mobile Application: The app will facilitate seamless and convenient access to retail investors to buy and sell Government-Securities (G-Sec) directly from their smartphones (available on Android and iOS). • Fintech Repository: It will provide comprehensive data on fintech firms including regulated and unregulated firms.

Answer 209

*Answer-5) IndusInd Bank Explanation:* Poonawalla Fincorp Limited, a Cyrus Poonawalla group Non-Banking Finance Company (NBFC) in collaboration with IndusInd Bank, launched the co-branded, Poonawalla Fincorp IndusInd Bank eLITE RuPay Credit Card, to redefine and elevate the banking experience of customers by offering various rewards and benefits. • To ensure safe cashless transactions, ‘Total Protect’, a first-of-its-kind program has been introduced that covers an amount equal to the credit limit on the card. • Poonawalla Fincorp Ltd. is only involved in the marketing and distribution of this co-branded credit card under a revenue-sharing arrangement with IndusInd Bank.

Answer 210

*Answer-2) Papua New Guinea Explanation:* The Government of India (GoI) through the Forum for India-Pacific Islands Cooperation (FIPIC), announced a relief assistance of USD 1 million for Papua New Guinea (PNG) following a massive landslide that occurred on 24 May 2024 in Enga Province, PNG that buried over 2,000 people. • As committed to Humanitarian Assistance and Disaster Relief (HADR), India’s immediate relief assistance aims to support relief, rehabilitation, and reconstruction efforts.

Answer 211

*Answer-3) Anish Kapoor Explanation:* i.According to the 6th edition of Hurun India Art List (2024) released by the Hurun Research Institute on 28th May 2024, British Indian sculptor Anish Kapoor topped the list for the 6th consecutive year. • He topped the list due to the robust sales of his artwork at public auctions, which amounted to Rs 79.9 crore. ii.Arpita Singh, 87 year old (ranked 3rd ) topped among the female artists in the list iii.Raghav Babbar(27) from Rohtak, Haryana, ranked at 8th spot, is the youngest Indian artist in the Hurun India Artist List 2024 with total sales of Rs 12.1 crore. iv.Krishen Khanna (99) is the oldest Indian artist in the list, ranked 5th with combined value of his art work Rs 18 crore. This showed an increase of 32% compared to previous year. Click here to read more

Answer 212

*Answer-5) Pradip Kumar Tripathi Explanation:* On 27th May 2024, The Appointments Committee of the Cabinet (ACC) of the Department of Personnel and Training (DoPT) under the Ministry of Personnel, Public Grievances and Pensions (MoPP&P) approved five secretary-level appointments. i.Pradip Kumar Tripathi, a 1987-batch Indian Administrative Service officer (IAS) of Arunachal Pradesh-Goa-Mizoram and Union Territory (AGMUT) cadre has been appointed as the Secretary to the Lokpal of India till the date of his superannuation (30th June 2024). ii. Raj Kumar Goyal, a 1990-batch IAS officer of AGMUT cadre has been appointed as the Secretary in the Department of Justice under the Ministry of Law & Justice(MoL&J). iii. Rajendra Kumar, a 1992-batch IAS officer of Tamil Nadu (TN) cadre has been appointed as the Secretary in the Department of Border Management under the MHA. iv. Amit Yadav, a 1991-batch IAS officer of AGMUT cadre has been appointed as the Officer on Special Duty (OSD) in the Department of Social Justice & Empowerment, Ministry of Social Justice and Empowerment(MoSJE) in the rank and pay of Secretary to the Government of India (GoI). v.Rakesh Ranjan, a 1992-batch IAS officer of Manipur cadre has been appointed as the Chairman of Staff Selection Commission (SSC).

Answer 213

*Answer-4) Jethabhai Bharvad Explanation:* Jethabhai Bharvad (Ahir) of Bharatiya Janata Party (BJP), a Member of the Legislative Assembly (MLA) from the Shehra constituency (Gujarat) has been elected unopposed as the chairman of the National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) in the election held in Delhi. • He replaces Bijender Singh who held the position as NAFED Chairman since 2007. • He has been serving as a deputy speaker of the Gujarat Assembly since 2022.

Answer 214

*Answer-2) Walt Disney Explanation:* The Walt Disney Company has entered an agreement to sell its 30% minority stake in a satellite TV service provider Tata Play Limited to Tata Group, valuing the company at approximately USD1 billion. i.In February 2024, Disney signed a binding agreement to combine its India unit with Viacom18 Media Private Limited creating a massive USD8.5 billion entertainment entity. ii.In April 2024, Singaporean state-owned investment firm Temasek Holdings Limited sold its 10% stake (USD100 million) in Tata Play to Tata Sons for Rs 835 crore, raising Tata Son’s shareholding in Tata Play to 70%.

Answer 215

*Answer-5) Oedocladium sahyadricum Explanation:* Phycologists from the Department of Botany, Catholicate College in Pathanamthitta, Kerala, has discovered Oedocladium sahyadricum, a new algal species in the natural forests (Western Ghats) of Kumbhavurutty region in Kollam district, Kerala. i.The name ‘sahyadricum’ refers to the ‘Western Ghats’, also known as Sahyadri ii.This is the first time a species in the Oedocladium category has been recorded in Kerala. iii.This discovery was published in Taiwania, an International Journal of Biodiversity. Note: Phycology is the study of algae and the person or scientist who studies algae is called a phycologist.

Answer 216

*Answer-2) May 29 Explanation:* International Day of United Nations (UN) Peacekeepers is annually observed across the globe on 29th May to pay tribute to the professionalism, dedication, and courage of UN peacekeepers, the uniformed civilian, military, and police personnel all working together to protect civilians. • 29 May 2024 marks the 76th anniversary of UN Peacekeeping, which began in 1948 when the UN Security Council (UNSC) authorised the deployment of UN military observers to the Middle East. • The theme of International Day of UN Peacekeepers 2024 is “Fit for the Future: Building Better Together”. • The 1st ever International Day of the UN Peacekeepers was observed on 29 May 2003. • Indian Military Naik, Dhananjay Kumar Singh, who served with the UN Stabilisation Mission in the Democratic Republic of Congo (MONUSCO), was honoured posthumously with the UN Dag Hammarskjöld Medal for 2024. • Indian Army peacekeeper, Major Radhika Sen, was conferred with the 2023 Military Gender Advocate of the Year Award. • India is the 2nd largest contributor of uniformed personnel to UN Peacekeeping, and currently deploys more than 6,000 military and police personnel to the UN operations. • India is currently the 11th largest contributor of women military peacekeepers to the UN with 124 now deployed.Click here to read more

Answer 217

*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.

Answer 218

*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.

Answer 219

*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

Answer 220

*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.

Answer 221

*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.

Answer 222

*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.

Answer 223

*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.,

Answer 224

*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

Answer 225

*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.

Answer 226

*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”.