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:
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 first session of the UN-Habitat Assembly has started at the headquarters of UN-Habitat in Nairobi, Kenya on May 27, 2019. In it, India has been elected to the Executive Board of the UN-Habitat Assembly. The special theme for 2019 Assembly is ‘Innovation for a better quality of life in cities and communities’ with the sub theme of ‘Accelerated Implementation of the New Urban Agenda towards achievement of the Sustainable Development Goals’. The 5-day Assembly will be attended by four Heads of State, over 40 ministers and high-level representatives from 116 countries with over 3,000 delegates attending. During the first session, The Assembly is expected establish the Executive Board of UN-Habitat and elect its members, to review and approve the UN-Habitat Strategic Plan 2020-2025 and also review the Progress in implementation of New Urban Agenda, among other things.

Notes:
Scott Morrison has been sworn-in as new Prime Minister of Australia, after retaining the position in the 2019 general election. Along with Deputy Prime Minister Michael McCormack, Mr. Morrison was sworn in by Queen Elizabeth’s official representative , Governor-General Sir Peter Cosgrove, at a ceremony in the capital, Canberra. Mr. Morrison became Australia’s 30th Prime Minister through an internal party vote in August 2018 in which he replaced Malcolm Turnbull as chief of the ruling Liberal Party. The 46th Parliament of Australia is expected to open in the first week of July.

Notes:
Motilal Oswal Asset Management Company (AMC) has launched its WhatsApp transaction platform for new as well as existing investors. It is the first of its kind initiative by any fund house in India to do mutual fund transactions through the popular cross-platform messaging app. Investors can use WhatsApp to invest in any scheme from Motilal Oswal AMC. The investor through his/her registered number can initiate a transaction in Motilal Oswal MF schemes just by typing ‘Hi’. A customer can complete the entire process in less than two minutes and gets an instant transaction confirmation through the medium. The investor can make the investments either in a lump sum or through systematic investment plans (SIP).This feature is not a part of WhatsApp Pay and is different from using it as a payment channel.

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:
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:
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.

Notes:
The Reserve Bank of India (RBI) will observe 2019 Financial Literacy Week (FLW) across the country from 3rd to 7th of June. The theme this year is – ‘Farmers and how they benefit by being a part of the formal banking system’. The posters and leaflets will be used to spread awareness and spread the message of financial literacy among the farming community. The RBI has advised banks to display the posters and content in their rural bank branches, Financial Literacy Centres, ATMs and websites. It will also undertake a mass media campaign this month on Doordarshan and All India Radio to disseminate essential financial awareness messages to farmers.