Current Affairs Quiz - May, 2020

Notes:
Mumbai based think tank, the Centre for Monitoring Indian Economy (CMIE) has recently released its report on unemployment rates of the country in various parts.
As per the report, unemployment rate of India has risen to 27.11% for the week ended May 3, against 7% in the month of March. The monthly unemployment rate is 23.52% in April. It also highlighted that the unemployment rate was the highest in urban areas and the lowest in hilly areas.

Notes:
‘Long March 5B’ is the flagship launch vehicle of China and it is a variant of the standard Long March 5 rocket, which had its inaugural flight in 2016.
It was seen in news recently, as the rocket launched a prototype crewed spacecraft from the Hainan island. This new-generation spacecraft entered its predetermined orbit 488 seconds after the launch. This success is expected to let China proceed with a mission to send an orbiter and rover to Mars.

Notes:
Congress leader Adhir Ranjan Chowdhury has been reappointed for another year as the chairperson of Parliament’s Public Accounts Committee along with the existing 30 members.
The committee was first formulated as a result of Montagu-Chelmsford Reforms in the year 1921. After 1950, the committee became a parliamentary committee which functioned under the control of the Lok Sabha Speaker along with a non-official chairperson. Since 1967, the chairperson of the committee is selected from the opposition party.

Notes:
In a recent move, the Centre hiked the duties on petrol and diesel steeply and raised it to Rs 10 and Rs 13 per litre, respectively. It was also announced that there will be no change in the retail prices as the hike will be absorbed by the Oil Marketing companies.
Among the total hike, the Road and infrastructure cess will go the revenue of the Centre only whereas the special additional excise duty will be passed on to all states through devolution at 42%. This decision has been taken at the backdrop of falling crude oil prices in the global market and lower demand during the lock-down.

Notes:
Union Defence Minister Rajnath Singh has recently approved the abolition of 9,304 posts in the Military Engineering Service. MES is a government Defence infrastructure development agency.
As per the recommendations of the Committee of Experts, headed by Lieutenant General Shekatkar, and the proposal of the Engineer-in-Chief of MES, the posts in the basic and industrial workforce have been scrapped, which will improve the combat capability and trim the defence expenditure.

Notes:
The richest online chess tournament in history held so far was recently organised by the World Chess champion Magnus Carlsen after live tournaments could not be held amidst the Covid-19 crisis.
Named the Magnus Carlsen Invitational, the 16-day contest comprised of a total prize fund of $250,000. Magnus Carlsen won the final match and bagged the winner prize of $70,000 after defeating his American counterpart Hikaru Nakamura 2.5:1.5. Live feeds were offered during the matches with live commentary from chess grandmasters.

Notes:
The Sunderbans delta, which is spread over India and Bangladesh, is the only mangrove forest in the world inhabited by tigers.
According to the latest estimation conducted by the West Bengal Forest Department, the count of tigers has increased by 8 in 2019-20 to 96, from 88 in the previous year. The increase was significant as this is the biggest annual jump ever reported from the Sundarbans, which is a world heritage site and a Ramsar site.

Notes:
Moody’s Investors Service has recently projected India’s growth at zero per cent for the current fiscal 2020-21.
It had estimated a growth of 4.8 per cent for the last fiscal year. Last month the ratings agency estimated that the Indian economy would grow at 0.2 per cent. It had also provided a ‘Baa2’ rating for India, which represents moderate credit risk. It also said that India would regain its growth rate at 6.6 per cent in the 2021-22 fiscal.

Notes:
Council of Scientific and Industrial Research, CSIR through its flagship New Millennium Indian Technology Leadership Initiative (NMITLI) programme has approved a project towards development of human monoclonal antibodies (hmAbs).
The antibodies can neutralize the mutated virus SARS-CoV-2 and could be used for fighting future SARS-CoV infections. The team that is going to develop the therapeutic antibodies comprises of academic institutes and industries.

Notes:
The World Tourism Organization (UNWTO) is the United Nations agency responsible for the promotion of sustainable and universally accessible tourism. Its headquarters is located at Madrid, Spain.