Current Affairs Quiz - May, 2019

Notes:
On May 24, the Defence Research and Defence Organisation (DRDO) successfully flight tested a 500 kg class Inertial Guided Bomb (IGB) from Su-30 MKI Aircraft from the Pokhran test range in Rajasthan. The guided bomb achieved the desired range and hit the target with high precision. The weapon system is capable of carrying different warheads. The test firing of the guided bomb came two days after the Indian Air Force (IAF) successfully test fired the aerial version of the supersonic BrahMos cruise missile from a Sukhoi jet at the Andaman and Nicobar Islands. The 2.5 tonne air-to-surface missile has a range of around 300 km, and it will significantly enhance the IAF’s combat capability. The BrahMos cruise missile travels at a speed of Mach 2.8, nearly three times that of sound.

Notes:
The Reserve Bank of India (RBI) has allowed large modern currency chests to increase the service charges on cash deposited by non-chest bank branches from the existing rate of Rs. 5 per packet of 100 pieces to a higher rate subject to a maximum of Rs. 8 per packet. For this, only a Currency Chest (CC) that fulfils the minimum standards will be eligible to be classified as a large modern CC. The increased rates can be charged only after such classification by the issue office concerned.

Notes:
Veeru Devgan (85), veteran action choreographer and father of Ajay Devgan, has passed away in Mumbai, Maharashtra on May 27, 2019. He choreographed action scenes in more than 80 films such as Hindustan Ki Kasam, Mr. India and Mr. Natwarlal (1993). He also acted in films like Kranti, Saurabh and Singhasan. Recently, he stopped going to film parties, but he was seen at the screening of ‘Total Dhamaal’.

Notes:
The architectural heritage of Orchha town in Madhya Pradesh has been included in UNESCO’s tentative list of world heritage sites following a proposal sent by the Archaeological Survey of India (ASI) to the U.N. body. According to the rules, to be a part of UNESCO’s World Heritage sites, the heritage or any historical site first has to be on the tentative list. After it makes to the tentative list, another proposal is sent to the UNESCO. Orchha town is situated on the banks of the Betwa river in Niwari district of MP’s Bundelkhand region. The town was built by King Rudra Pratap Singh of Bundela dynasty in the 16th century. The ancient town is famous for its Chaturbhuj Temple, Orchha fort complex, Raja Mahal among others. The Bundela architecture has Mughal influence since the two dynasties were very close. The famous King of Bundela dynasty Veer Singh Dev was a close friend of Mughal emperor Jahangir and fought wars as Akbar’s aid.

Notes:
The Union government has constituted the Unlawful Activities (Prevention) Tribunal to adjudicate whether or not there is sufficient cause for declaring the Liberation Tigers of Tamil Eelam (LTTE) as an unlawful association. The Tribunal is comprised of sitting Judge of Delhi High Court Justice Sangita Dhingra Sehgal. Earlier, the Home Ministry had issued a notification extending ban on LTTE in India for a further period of five years. LTTE was banned in India after the assassination of former Prime Minister Rajiv Gandhi in 1991.

Notes:
The International Day of United Nations Peacekeepers is observed every year on May 29 to pay tribute to the invaluable contribution by the uniformed and civilian personnel and to honour more than 3,800 peacekeepers who have lost their lives while rendering peacekeeping services. The 2019 theme is “Protecting Civilians, Protecting Peace”. This is the date when in 1948 the first UN peacekeeping mission named the “United Nations Truce Supervision Organization (UNTSO), began operations in Palestine. Since then, more than one million men and women have served in 72 UN peacekeeping operations, directly impacting the lives of millions of people, protecting the world’s most vulnerable and saving countless lives. India is the 4th largest troop contributor to the UN peacekeeping missions. UN peacekeeping has helped countries move from war to peace. At present, India contributes about 6,400 peacekeepers to various missions across the world.

Notes:
The Reserve Bank of India (RBI) has constituted a 6-member committee to review the existing state of mortgage securitisation in India and suggest measures to deepen it. The committee on the development of housing finance securitisation market, headed by Bain & Co Senior Advisor Harsh Vardhan, will review the regulations relating to Mortgage-Backed Securitization (MBS) currently in place, and make specific recommendations on suitably aligning the same with international norms. It will recommend specific measures for facilitating secondary market trading in mortgage securitisation instruments, such as broadening the investor base, and strengthening the market infrastructure.

Notes:
President Muhammadu Buhari has been sworn-in for his second term as President of Nigeria in a ceremony at the Eagle Square in Abuja. He won 56% of the votes to defeat his main rival Atiku Abubakar of the Peoples’ Democratic Party (PDP) in the 2019 February election. Buhari will face a number of challenges during his second term as he tries to fulfil his election promises, including dealing with security threats and managing a sluggish economy and a high unemployment rate.

Notes:
India has been ranked 43rd most competitive economy in the 2019 edition of the IMD World Competitiveness Rankings on the back of its robust economic growth, a large labour force and its huge market size. In the 2019 rankings, India has scored well on several economic parameters and tax policies but has lagged in terms of public finance, societal framework, education infrastructure, health and environment. Singapore has topped the index, followed by Hong Kong SAR and United States. The IMD World Competitiveness Rankings, established in 1989, incorporate 235 indicators from each of the 63 ranked economies to evaluate their ability to foster an environment where enterprises can achieve sustainable growth, generate jobs and increase welfare for its citizens.

Notes:
In Madhya Pradesh, Devi Ahilya Bai Holkar Airport of Indore has been declared as International Airport. It was given the International status as per sub-rule (b) of rule 3 of the Passport (Entry into India) Rules, 1950 by the Central Government. The airport, named after Maharani Ahilya Bai Holkar of Indore, is considered the busiest airport in the region. The Indore airport facilitates round the clock operations and was given its World Standardization Certificate by the UK. An international airport has customs and border control facilities enabling passengers to travel between countries. Such airports are usually larger than domestic airports and often feature longer runways.