Current Affairs Quiz - May, 2024

Notes:
Preliminary data from NASA’s James Webb Space Telescope (JWST) suggests a more than 50% likelihood of dimethyl sulfide (DMS) gas on the exoplanet K2-18b. However, further analysis is required before a definitive conclusion can be reached. DMS is a gas that is only produced by living beings on Earth, primarily by phytoplankton in marine environments. The presence of DMS in K2-18b’s atmosphere could be a groundbreaking discovery, as the planet is believed to be ocean-covered and 2.6 times larger than Earth. K2-18b, discovered in 2015, is a super Earth exoplanet orbiting an M-type star. M stars, smaller and cooler than the sun, comprise the Red Dwarf category. K2-18b resides in the Goldilocks zone, where temperatures sustain liquid water.

Notes:
The Indian government renews an agreement with Bangladesh to train 1500 Bangladeshi officers from 2025 to 2030. Signed by DARPG India and Bangladeshi Ministry of Public Administration, the pact emphasizes mid-career capacity-building for Bangladesh Civil Servants. During a 3-day visit (28-30 April 2024), led by V. Srinivas, Secretary, DARPG, the agreement was finalized, focusing on field administration programs.

Notes:
The US Drug Enforcement Administration (DEA) proposes reclassifying marijuana from Schedule-I to Schedule-III, less tightly regulated. President Biden’s suggestion aims to align marijuana regulation with its medical potential, contrasting with Schedule-I categorization alongside heroin and LSD. Despite pending scrutiny by White House Officials and public commentary, the move signals a shift toward acknowledging marijuana’s therapeutic benefits backed by scientific evidence.

Notes:
SEBI approved changes in mutual fund regulations to combat front-running in Indian asset management companies (AMCs). Front-running, or trading with non-public information ahead of significant transactions, is illegal in India and can impact asset prices. It occurs in various financial markets like stocks and commodities. Common strategies include Buy-Buy-Sell (BBS) and Sell-Sell-Buy (SSB) patterns. These regulatory changes aim to safeguard market integrity and investor interests.

Notes:
Russia’s government released new footage allegedly targeting two Ukrainian High Mobility Artillery Rocket Systems (HIMARS) following increased US military aid to Ukraine. HIMARS was developed in the late 1990s for the United States Army by Lockheed Martin Corporation, a US-based aerospace and Security Company. The M142 HIMARS is a light, multiple rocket launcher that’s mounted on a standard U.S. Army Family of Medium Tactical Vehicles (FMTV) M1140 truck frame. It’s designed to engage and defeat targets such as artillery, light armor, air defense concentrations, personnel carriers, and trucks.

Notes:
India protests China’s construction in Shaksgam Valley, deemed illegal. The valley is part of Pakistan-Occupied Kashmir. It is a disputed territory claimed by India but controlled by Pakistan and ceded to China in 1963 by Pakistan. Article 6 of the agreement stipulates renegotiation after Kashmir dispute settlement. It borders Xinjiang, POK, and Siachen Glacier. The Karakoram highway, built in the 1970s, resulted from the agreement between China and Pakistan.

Notes:
China launched the Chang’e-6 probe to gather samples from the Moon’s far side, aiming to be the first nation to do so. Previously, only the USA and USSR collected lunar samples, all from the near side. China’s Chang’e 4 landed on the far side in 2019 but didn’t retrieve samples. In 2023, India’s Chandrayaan-3 mission achieved a first by landing near the Moon’s South Pole. The “dark side” of the Moon receives sunlight, contrary to its name.

Notes:
Groww Mutual Fund recently introduced India’s inaugural Nifty Non-Cyclical Consumer Index Fund. This mutual fund aims for long-term capital growth by investing in securities from the Nifty Non-Cyclical Consumer Index (TRI), comprising 30 companies less affected by economic instability. Non-cyclical stocks, also termed defensive stocks, sustain demand irrespective of economic fluctuations, catering to daily consumer necessities like food and utilities, making them resilient investment choices.

Notes:
A Bengaluru-based company has introduced FWD-200B, India’s premier indigenous bomber UAV. The medium-altitude, long-endurance craft boasts a maximum take-off weight of 498 kg and operates up to 9,000 ft above sea level. It’s equipped with optical surveillance gear and integrated with missile-like weapons for precision air strikes, marking a significant advancement in India’s defense technology.

Notes:
Pakistan and China jointly launched iCube-Qamar, Pakistan’s inaugural lunar mission. The 7kg satellite, developed by Pakistan’s Institute of Space Technology (IST), SUPARCO, and China’s SJTU, is part of China’s Chang’e-6 mission. Equipped with two optical cameras, it orbits the moon, enabling Pakistan to conduct satellite-based research on lunar surface imagery independently.