Current Affairs Quiz - May, 2019

Notes:
Bangladesh-based terror outfit — the Jamaat-ul-Mujahideen Bangladesh (JMB) — was banned by the Government of India (GoI) under the anti-terror law UAPA. The terror out fit is also called as Jamaat-ul-Mujahideen India or Jamaat-ul-Mujahideen Hindustan. The Union Home Ministry stated that the outfit has committed acts of terrorism, promoted acts of terrorism and has been engaged in radicalization and recruitment of youths for terrorist activities in India. Therefore, the JMB and all its manifestations have been inserted in the First Schedule to the Unlawful Activities (Prevention) Act (UAPA) of 1967. The listing under the First Schedule of the UAPA means the outfit is now a banned organisation in India.

Notes:
The World Thyroid Day (WTD) is observed every year on May 25 to promote awareness and understanding of thyroid health and the advances made in treating thyroid diseases. The thyroid gland is an important part of the body and is extremely important as it regulates metabolism, affects energy levels, crucial body functions, and heart rate. Abnormalities in the thyroid gland can lead to excess production of the thyroid gland (hyperthyroidism), less production of the thyroid gland (hypothyroidism), thyroid nodules (lumps in the thyroid gland), goitre (enlargement of the thyroid gland), thyroiditis (inflammation of the thyroid gland) and thyroid cancer.

Notes:
The first-of-its-kind naval drill exercise ‘Pacific Vanguard’has been kick started by the United States, Japan, South Korea and Australia near Guam, United States. The “Pacific Vanguard” drill brings together more than 3,000 sailors from the four countries to sharpen skills and strengthen practical cooperation at sea. The drills will focus on live fire exercises, defensive counter-air operations, anti-submarine warfare, and replenishment at sea. The Royal Australian Navy contributed two frigates to the exercise – HMAS Melbourne and HMAS Parramatta. The Japanese Maritime Self-Defense Force sent destroyers – JS Ariake and JS Asahi, and South Korea the Republic of Korea Navy destroyer ROKS Wang Geon. The USS Blue Ridge, the Seventh Fleet’s flagship, will lead the operation from the U.S. side. Guam is home to more than 160,000 people, and was at the centre of nuclear tensions between Washington and Pyongyang in 2017, with North Korea threatening to hit the US territory with “enveloping fire”.

Notes:
In squash, Mahesh Mangaonkar from India has clinched the Sekisui Open title for the second time in his career in Kriens, Switzerland on May 25, 2019. In the final, Top-seeded Mahesh beat third seed Bernat Jaume of Spain in four games 11-9, 3-11, 11-5, 11-5. He had won the corresponding title for the first time in 2016. Sekisui Open is a Challenger tour event of the Professional Squash Association (PSA), the world body which governs the sports .

Notes:
The Trump administration has recently removed India and Switzerland from its currency monitoring list of major trading partners. Both the countries were removed from the list because for two consecutive reports they had both met only one of three criteria necessary for inclusion on the monitoring list. According to the report, India had a significant bilateral surplus & Switzerland had a material current account surplus. The watch list contains the names of countries that have potentially questionable foreign exchange policies and are suspected to be manipulating their currencies to gain trade advantages over the US. However, the list includes China, Japan, South Korea, Germany, Italy, Ireland, Singapore, Malaysia and Vietnam among others.

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:
The Reserve Bank of India (RBI) has constituted a six-member task force, headed by Canara Bank chairman T.N. Manoharan, on the development of secondary market for corporate loans. The terms of reference of the task force would include review of the existing state of the market for loan sale or transfer in India as well as the international experience in loan trading. Further the task force will be required to make recommendations on required policy or regulatory interventions for facilitating development of secondary market in corporate loans, including loan transaction platform for stressed assets. The task force has been asked to submit its report by the end of August 2019. In India, banks sell their stressed loans to the Asset Reconstruction Companies, but have practically no other alternatives. However, globally, there is a healthy corporate loan market where banks can offload their stressed assets and those get traded.

Notes:
Actor Carmine Caridi (85), who is best remembered for playing Carmine Rosato in “The Godfather: Part II,” has passed away in California, United States on May 28, 2019. Besides “The Godfather” series, he also starred in TV shows including Phyllis, Starsky and Hutch, Taxi, NYPD Blue as Detective Vince Gotelli and Fame as Angelo Martelli. Interestingly, in 2004, Caridi became the first person to be expelled from the Academy of Motion Picture Arts and Sciences (AMPAS) after sharing screeners. He was booted out for passing on screeners of movies vying for Oscar attention. He along with Russell Sprague were sued by Sony and Time Warner on civil charges of copyright infringement. Caridi was cleared of wrongdoing.

Notes:
The scientists at the Stanford University in the US have developed a more stable prosthetic foot which they say could make challenging terrain more manageable for people who have lost a lower leg. The new design has a kind of tripod foot that responds to rough terrain by actively shifting pressure between three different contact points. Prosthetic emulators allow them to try lots of different designs without the overhead of new hardware. According to the study published in the journal IEEE Transactions on Biomedical Engineering, prosthetic limbs can better handle the rough ground. Outfitted with position sensors and motors, the foot could adjust its orientation to respond to varying terrain, much as someone with an intact foot could move their toes and flex their ankles to compensate while walking over rough ground.

Notes:
Admiral Karambir Singh has taken charge as the 24th Chief of the Naval Staff (CNS) from Adm. Sunil Lanba, who stepped down upon retirement. He is the first helicopter pilot of the Navy to become the CNS. Prior to this post, Adm. Singh was the Flag Officer Commanding-in-Chief (FOC-in-C) of the Eastern Naval Command, headquartered in Visakhapatnam. During his long and distinguished service spanning nearly 39 years, Adm. Singh has served in a variety of Command, Staff and Instructional appointments. The tenure of a Service Chief is three years or 62 years of age, whichever is earlier.