Current Affairs Quiz - May, 2023

Notes:
Parkash Singh Badal, who passed away recently, was the former Chief Minister of Punjab and senior leader of Shiromani Akali Dal
The five-time Chief Minister visited Pakistan with Vajpayee in 1999, and was accompanied by veteran journalist Kuldip Nayar, writer-poet Javed Akhtar, and actor Dev Anand, among others.

Notes:
Washington Declaration is a bilateral agreement that was recently signed between the US and South Korea.
According to this agreement, while South Korea will not develop its own nuclear weapons, the US will aid in the use of the nuclear weapons in case of potential conflict with North Korea.

Notes:
Navratna Companies are public sector companies that are given financial autonomy to invest up to Rs.1,000 crore without the Indian government’s approval.
The Union Finance Ministry recently upgraded the status of the Rail Vikas Nigam Limited (RVNL) from Category-I Miniratna to Navratna Central Public Sector Enterprise (CPSE).

Notes:
Sudan’s military and the Rapid Support Forces (RSF) paramilitary group are engaged in armed conflict in the capital, Khartoum, and in other places, raising fears of a civil war.
The RSF is commanded by General Mohamed Hamdan Dagalo, commonly known as Hemedti or Little Mohamad. He currently holds the position of deputy head of Sudan’s ruling Sovereign Council.

Notes:
IFFCO’s liquid nano Di-Ammonia Phosphate (DAP) was launched recently by Union Cooperation Minister Amit Shah.
500 ml of nano liquid DAP (Di-ammonium phosphate) is equivalent to one bag (50kg) of conventional granular DAP. The commercial sale was launched at Rs 600 per 500 ml bottle while the bag is currently being sold at Rs 1,350. It is expected to increase foodgrain production and curb exports.

Notes:
The World Health Organization (WHO) launched the Preparedness and Resilience for Emerging Threats (PRET) Initiative.
This initiative will ensure better preparedness against future outbreaks like the COVID-19 pandemic. The initiative was announced at the Global Meeting for Future Respiratory Pathogen Pandemics held in Geneva.

Notes:
The IFRS 17 is an international financial reporting standard that was issued by the International Accounting Standards Board in 2017. It has become effective on January 1, 2023.
It will replace IFRS 4 on accounting for insurance contracts. The earlier application permitted as long as IFRS 9 is also applied.

Notes:
United Arab Emirates and the Kingdom of Cambodia have finalised the terms of a Comprehensive Economic Partnership Agreement (CEPA).
The UAE will benefit from the agreement by exporting machinery, oils and lubricants, and cars and automotive parts.

Notes:
Commonwealth Games silver medallist triple jumper Abdulla Aboobacker won gold in the Mikio Oda Memorial Athletics meet in Hiroshima, Japan.
It was the season’s best effort of 16.31m on Saturday. The 27-year-old from Kerala has a personal best of 17.19m.

Notes:
As part of the Adarsha Colony initiative, the Odisha government has sanctioned ₹22.5 crore for setting up India’s first resettlement colony for people affected by coastal erosion and climate change.
The colony will be set up for the people of Satbhaya in Kendrapada district. The fund will be utilities for the construction of houses, drinking water, electricity, roads and other facilities for the displaced people.