Current Affairs Quiz - May, 2023

Notes:
The SEBI has proposed major changes to the mutual fund fees to address the issue of mis-selling and minimize costs of investing in mutual funds.
According to this recommendation, the total expense ratio, which refers to the annual fee collected by asset managers from unitholders, should be standardized across different scheme categories like equity or debt in mutual funds.

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:
Scientists from the Indian Institute of Astrophysics (IIA) have proposed a new metric called the root mean square (rms) granulation contrast.
Its purpose is to quantify the image quality of ground-based solar telescopes.

Notes:
Deputy Chief Minister post, which is not mentioned by the Constitution, is equivalent to the rank of a cabinet minister.
DK Shivakumar recently became the Deputy Chief Minister of Karnataka. Governor Thaawarchand Gehlot administered the oath of office and secrecy to Shivakumar at the swearing-in ceremony. Siddaramaiah was sworn in as the chief minister for the second time.

Notes:
Data Centre Q1 2023 report was released recently by the international property consultant Knight Frank.
According to this report, Mumbai, India’s commercial capital, boasts a capacity of 2,337 MW, placing it among the top three data centre markets in the region. Shanghai leads with a capacity of 2,692 MW, followed closely by Tokyo with 2,575 MW.

Notes:
Shavuot is a key Jewish festival with historical and theological significance. It is also known as Feast of Weeks.
It is one of the three pilgrimage festivals, that occurs on the sixth day of the Hebrew month of Sivan. As per the Bible, Shavuot marked the wheat harvest in the Land of Israel.

Notes:
The UDAN 5.1 was launched recently by the Ministry of Civil Aviation. It will specifically focus on helicopter routes.
It aims to further enhance the connectivity to remote areas of the country and achieve last-mile connectivity through helicopters.

Notes:
Araku Valley Coffee from Andhra Pradesh recently received the National Programme for Organic Production (NPOP) certificate from the Agricultural and Processed Food Products Export Development Authority (APEDA).
Coffee and pepper, being procured by the Girijan Cooperative Corporation (GCC) from the tribal coffee farmers of Chintapalli division, received the organic certificate.

Notes:
Tina Turner, a famous American musician, recently passed away at the age of 83. She is the first African-American woman rock-and-roll artist.
Turner announced her retirement in 2000, a year after releasing her final solo album, Twenty Four Seven. Her autobiography ‘My Love Story’ was released in 2018.

Notes:
State-owned Bank of Maharashtra (BoM) has emerged as the top performer among public sector lenders in terms of loan and deposit growth in percentage terms during 2022-23.
The bank also recorded highest growth in profitability with bottom-line growing almost 126 per cent to ₹2,602 crore during the year.