Current Affairs Quiz - May, 2023

Notes:
Archopterus anjiensis is the oldest fossil sea scorpion in China. Its 445-million-year-old fossil was found in the Chinese Zhejiang Province.
The 445-million-year-old fossil sea scorpion lived during the uppermost Ordovician period, around 445 million years ago.

Notes:
Exercise Jal Rahat is a joint flood relief exercise conducted in Assam to validate joint drills and coordinate preparedness by multi-agency flood relief columns.
It involved the participation of the Indian Army, Sashastra Seema Bal (SSB), National Disaster Response Force (NDRF), State Disaster Response Force (SDRF), District Disaster Management Authority (DDMA) and police representatives.

Notes:
The Association for Democratic Reforms recently released the report titled ‘Analysis of Sources of Funding of Regional Parties of India, FY 2021-22’.
According to this report, more than three-fourth of the income of regional parties came from unknown sources in 2021-22.

Notes:
The Telecom Department has developed an AI-based facial recognition tool called the Artificial Intelligence and Facial Recognition powered Solution for Telecom SIM Subscriber Verification (ASTR). It is capable of running checks on subscriber databases of telecom operators to minimize instances of cyber frauds.

Notes:
Spitzer space telescope that was dedicated to infrared imaging and was launched in 2003. While it was initially designed to function for a little longer than five years, Spitzer continued to work along till January 2020, when it was retired.
Rhea Space Activity, a Washington-based astrophysics startup, will develop the Spitzer Resurrector Mission. With the mission, a spacecraft would travel to Spitzer to service and restore its operation.

Notes:
The Securities Exchange Board of India (SEBI) has recently proposed a regulatory framework to respond to unexplained suspicious trading pattern around the presence of material non-public information.
The framework would deal with malpractices by market participants, who use new-age technologies by way of encrypted or vanishing messages, and modus operandi to evade the law.

Notes:
The Union Finance Ministry has implemented an amnesty scheme for traders who have defaulted on their export obligations under the Advance and EPCG (export promotion for capital goods) authorization scheme.
According to the amnesty scheme, EXIM traders who have not fulfilled their export obligations can rectify the situation by paying customs duty and interest, up to a maximum limit of 100%.

Notes:
Patch Reporting App was launched recently by the Uttarakhand Chief Minister to make the roads free of potholes in the state.
It was developed by the state’s Public Works Department. This app allows any person to submit a detailed complaint by capturing pictures of potholes on the nearby roads.

Notes:
To help investors make better decisions, the Securities and Exchange Board of India (SEBI) has announced a risk disclosure framework for individual traders in the equity Futures & Options (F&O) segment.
Starting from July 1, all stock brokers will be required to display risk disclosures on their websites and inform their clients accordingly.

Notes:
The sixth submarine of the first batch of six Kalvari-class submarines for the Indian Navy under Project-75 is Vaghsheer.
The submarine is expected to be delivered to the Indian Navy in early 2024. The submarine was launched in 2022 by Mazagon Dock Shipbuilders Limited (MDL).