Current Affairs Quiz - May, 2023

Notes:
The Mikoyan-Gurevich ‘MiG-21’ is a supersonic jet fighter and interceptor aircraft, designed by the Mikoyan-Gurevich Design Bureau in the Soviet Union.
The aircraft that was inducted in India in early 1960s. The Indian Air Force is currently planning to phase out the remaining 3 squadrons of these fighter jets after numerous crashes and accidents.

Notes:
The inaugural edition of the Dubai FinTech Summit is held from May 8 to 9. The theme for the summit is “New Global Home to the Future of FinTech and Finance”.
It served as the platform for more than 5,000 experts, policymakers, industry leaders among others. The summit was organised by the Dubai International Financial Centre (DIFC).

Notes:
Max Verstappen won the Miami Grand Prix from ninth on the starting grid, with the fastest lap.
Mexica’s Perez came second while Fernando Alonso came third. Verstappen was also the winner of last year’s inaugural Miami Grand Prix.

Notes:
Sathyabhama Das Biju, who is popularly known as ‘the Frogman of India’, has been chosen for Harvard University’s prestigious Radcliffe fellowship.
The Delhi University professor is one of the 50 scholars who were awarded the Harvard Radcliffe Institute Fellowship for 2023-24.

Notes:
International Museum Day (IMD) is celebrated on May 18 every year. This year, the IMD theme is ‘Museums, Sustainability, and Well Being’.
International Museum Expo 2023 will be inaugurated by Prime Minister Modi in New Delhi.  This three-day event will showcase new technology and initiatives for museums.

Notes:
The latest human genome, called pangenome, has been assembled using data from 47 people from Europe, Asia, Africa and the Americas.
It offers a more accurate representation of human genetic diversity than the existing reference genome. This new pangenome will help researchers refine their understanding of the link between genes and diseases, and could ultimately help address health disparities.

Notes:
The 6th Indian Ocean Conference (IOC) is being organized to bring together states and principal maritime partners of the region to discuss the prospects of regional cooperation for Security And Growth for All in the Region (SAGAR).
It is being held in Dhaka, Bangladesh. The Indian Ocean Conference (IOC) was started in 2016.

Notes:
Union Minister Sarbananda Sonowal and Myanmar’s Deputy Prime Minister jointly inaugurated the Sittwe Port in Myanmar and received the first Indian cargo ship. Sittwe Port has been developed as a part of the Kaladan Multi-Modal Transit Transport Project (KMTTP) funded under grant in aid assistance from Government of India.
The port will provide an alternative connectivity between Mizoram and Haldia in West Bengal or any Indian port through the Kaladan river in Myanmar.

Notes:
The RBI has directed banks and other regulated entities to transition away from the London Interbank Offered Rate (LIBOR) from 1st July.
The LIBOR is a set of interest rates calculated from submissions by large global banks. The global transition from Libor was necessitated after British financial authorities decided to phase it out in 2017 after discovering that some banks manipulated the reference rate by providing false data.

Notes:
Rebuild Kerala Initiative is a state government initiative which is aimed at rebuilding roads better after floods.
The World Bank team recently reviewed the activities under this initiative. It also has agreed to explore possible areas of cooperation in six priority projects.