Daily Current Affairs May 22

Dear Champions, as you all know that a lot of competitive exams have been notified consequently. Candidates have to prepare themselves according to the level of competition and expectation of the Recruitment board. Regarding that one of the most important topic is Daily Current Affairs May 22. Current Affairs in the form of contemporary events of national & international play a crucial role in almost every competitive exams like Banking, Insurance, SSC, UPSC, TNPSC, Railway etc.

Current affairs are the most dynamic yet scoring among all sections and need to be prepared from the right source. Here, we cafunsta team, providing  Daily GK Updates, Current Affairs Questions, and Monthly  current affairs pdf.

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May 22 | Daily Current Affairs 2024

Important Days – Daily Current Affairs May 22

1. When is the International Day of Biodiversity 2024 observed, and what is its theme?
A) April 22, “Restore Our Earth”
B) May 22, “Be Part of the Plan”
C) June 5, “Ecosystem Restoration”
D) September 15, “Conserve to Survive”
E) December 29, “Preserve Life”
Answer: B) May 22, “Be Part of the Plan”

Event and Location:

• Event: International Day of Biodiversity 2024
• Location: Worldwide

Mandates and Objectives:

• Objective: Raise awareness about the critical importance of biodiversity and promote actions to preserve it.
• UN Involvement: The United Nations established this day to highlight the need for biodiversity conservation.
• Theme 2024: “Be Part of the Plan,” focusing on collective efforts to reverse biodiversity loss and support the Kunming-Montreal Global Biodiversity Framework.

Important Terms Explained:

• Biodiversity: The variety of living organisms on Earth, crucial for sustaining life and well-being.
• Kunming-Montreal Global Biodiversity Framework: An international strategy aimed at halting and reversing biodiversity loss.

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2. When is National Anti-Terrorism Day observed in India, and what is its significance?
A) January 30, honoring Mahatma Gandhi
B) March 23, commemorating Bhagat Singh
C) May 21, in memory of Rajiv Gandhi
D) August 15, India’s Independence Day
E) October 31, remembering Indira Gandhi
Answer: C) May 21, in memory of Rajiv Gandhi

Event and Location:

• Event: National Anti-Terrorism Day 2024
• Location: India

Mandates and Objectives:

• Objective: Raise awareness about the destructive impact of terrorism and promote peace, unity, and security.
• Origin: Commemorates the assassination of former Prime Minister Rajiv Gandhi by a suicide bomber from the LTTE on May 21, 1991.

Important Terms Explained:

• LTTE (Liberation Tigers of Tamil Eelam): A militant organization that sought to create an independent Tamil state in Sri Lanka, known for its use of suicide bombings.
• Rajiv Gandhi: India’s sixth Prime Minister, assassinated in 1991, which led to the establishment of National Anti-Terrorism Day.

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3. What is the theme for International Women in Maritime Day 2024?
A) Women Empowerment in Maritime
B) Navigating Towards Equality
C) Safe Horizons: Women in Shaping the Future of Maritime Safety
D) Women in Leadership
E) Maritime Women: Anchors of Change
Answer: C) Safe Horizons: Women in Shaping the Future of Maritime Safety

Event and Location:

• Event: International Women in Maritime Day celebration
• Location: New Delhi, India

Mandates and Objectives:

• Primary Objective: Honor the contributions of women in the maritime sector and emphasize the importance of safety and security for women seafarers.

Key Activities:

• Recognition of 27 women seafarers from various marine institutes and professionals for their contributions.
• Highlighting the importance of gender equality and safety in maritime.

Important Terms Explained:

• International Women in Maritime Day: A day to celebrate and acknowledge the contributions and achievements of women in the maritime industry.
• Sustainable Development Goal 5: A United Nations goal focused on achieving gender equality and empowering all women and girls.

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Sports – Daily Current Affairs May 22

4. How many consecutive times has Max Verstappen won the Emilia-Romagna Grand Prix?
A) One
B) Two
C) Three
D) Four
E) Five
Answer: C) Three

Event and Location:

• Event: Emilia-Romagna Grand Prix
• Location: Imola, Italy

Mandates and Objectives:

• Primary Objective: Extend championship lead and secure third consecutive victory at Imola.

Key Activities:

• Winning the race despite challenges.
• Maintaining lead and defending against competitors in the final laps.

Important Terms Explained:

• GP (Grand Prix): A premier class of motor racing.
• Pirelli Tyre: The official tyre supplier for Formula 1, providing different tyre compounds for races.
• Q3: The third and final qualifying session in Formula 1, determining the top 10 starting positions.

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Ranking – Daily Current Affairs May 22

5. What rank did India achieve in the World Economic Forum’s Travel & Tourism Development Index 2024?
A) 54th
B) 45th
C) 39th
D) 25th
E) 1st
Answer: C) 39th

Event and Location:

• Event: World Economic Forum’s Travel & Tourism Development Index 2024
• Location: Global

Mandates and Objectives:

• Primary Objective: Evaluate and rank countries based on their travel and tourism sectors.
• Key Criteria: A range of factors and policies that foster tourism development.

Important Terms Explained:

• Travel & Tourism Development Index: A biennial index by the World Economic Forum that ranks countries based on their competitiveness in the travel and tourism sectors.
• Biennial Index: Published every two years, this index provides insights into the travel and tourism sector’s performance and development across various countries.

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Banking and Finance – Daily Current Affairs May 22

6. Which core banking software suite will Burgan Bank deploy to modernize its banking technology?
A) Oracle Flexcube
B) Infosys Finacle
C) TCS BaNCS
D) SAP Banking Services
E) FIS Profile
Answer: C) TCS BaNCS

Event and Location:

• Event: Partnership between TCS and Burgan Bank to enhance core banking technology
• Location: Kuwait

Mandates and Objectives:

• Primary Objective: Modernize Burgan Bank’s core banking technology.

Key Activities:

• Deploy TCS BaNCS to consolidate multiple standalone legacy applications.
• Enhance automation, manage higher transaction volumes, and improve staff productivity.

Important Terms Explained:

• TCS BaNCS: A core banking software suite for retail banks developed by Tata Consultancy Services.
• Universal Banking Solution: A comprehensive banking system that integrates various banking services into one platform to drive innovation and strengthen customer relationships.

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Business and Economy – Daily Current Affairs May 22

7. What is the primary goal of the partnership between Tata Motors and Bajaj Finance?
A) Enhance vehicle production
B) Improve customer service
C) Provide financial capital to dealers
D) Increase marketing efforts
E) Expand international operations
Answer: C) Provide financial capital to dealers

Event and Location:

• Event: Partnership announcement between Tata Motors and Bajaj Finance
• Location: India

Mandates and Objectives:

• Primary Objective: Enhance financing options for authorized passenger and electric vehicle dealers of Tata Motors.

Collaboration Goals:

• Facilitate business operations of dealers.
• Grow the market for Tata Motors’ passenger and electric vehicles.

Important Terms Explained:

• Tata Motors Passenger Vehicles (TMPV): A subsidiary of Tata Motors focused on internal combustion engine vehicles.
• Tata Passenger Electric Mobility (TPEM): A subsidiary of Tata Motors focused on electric vehicles, with a leading market share in the domestic EV segment.
• Bajaj Finance: A leading Indian non-banking financial company providing various financial services including dealer financing.

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8. What new licence did Mahindra & Mahindra Financial Services Ltd obtain from the IRDAI?
A) Banking licence
B) Mutual fund licence
C) Corporate agency licence
D) Stockbroking licence
E) Wealth management licence
Answer: C) Corporate agency licence

Event and Location:

• Event: M&M Financial Services obtained a corporate agency licence for insurance distribution.
• Location: India

Mandates and Objectives:

• Primary Objective: Broaden product offerings to include insurance plans.

Key Activities:

• Enable Mahindra Finance to sell life, health, and general insurance policies.
• Enhance service portfolio and provide a comprehensive financial and insurance solution.

Important Terms Explained:

• Corporate Agency Licence: A licence that allows a company to solicit, procure, and carry on the business of selling and distributing insurance products on behalf of various insurers.
• IRDAI (Insurance Regulatory and Development Authority of India): The regulatory body responsible for overseeing the insurance industry in India.

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Appointments – Daily Current Affairs May 22

9. Who was appointed as the Vice-Chairman of the International Aluminium Institute?
A) Anil Agarwal
B) John Slaven
C) Elon Musk
D) Mukesh Ambani
E) Sundar Pichai
Answer: B) John Slaven

Event and Location:

• Event: Appointment of John Slaven as Vice-Chairman of International Aluminium Institute
• Location: International

Mandates and Objectives:

• Primary Objective: Spearhead global initiatives to highlight the role of aluminium in transitioning to zero carbon energy.

Responsibilities:

• Work with board members and colleagues to promote aluminium as the metal of the future.
• Support the IAI’s efforts in responsible production and environmental sustainability.

Important Terms Explained:

• International Aluminium Institute (IAI): A global organization representing the primary aluminium industry, focusing on promoting responsible production and the advantages of aluminium.
• Net Zero Future: A future where the amount of greenhouse gases emitted is balanced by the amount removed from the atmosphere, aiming to reduce climate change impacts.

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10. Who is the chairman of the expert committee set up by IFSCA to position GIFT IFSC as a global trading hub?
A) Anil Ambani
B) Rajeev Kher
C) Mukesh Ambani
D) Ratan Tata
E) Sundar Pichai
Answer: B) Rajeev Kher

Event and Location:

• Event: Formation of an expert committee by IFSCA
• Location: GIFT City, Gandhinagar, Gujarat, India

Mandates and Objectives:

• Primary Objective: Position GIFT IFSC as a global commodity trading hub.

Key Activities:

• Explore advantages for the GIFT-IFSC ecosystem.
• Study global commodity trading centres and identify synergies for GIFT-IFSC.
• Develop legal, regulatory, and policy frameworks.

Important Terms Explained:

• IFSCA (International Financial Services Centres Authority): A statutory authority established by the Government of India to regulate financial services in International Financial Services Centres in India.
• GIFT City (Gujarat International Finance Tec-City): India’s first operational smart city and international financial services centre, located in Gandhinagar, Gujarat.

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National Affairs – Daily Current Affairs May 22

11. What are the main objectives of the MoU signed between DAHD and UNDP?
A) Digitalization of vaccine cold chain management
B) Capacity building and communication planning
C) Development of livestock insurance programs
D) All of the above
E) None of the above
Answer: D) All of the above

Event and Location:

• Event: Signing of MoU on Digitalization of Vaccine Cold Chain Management, Capacity Building, and Communication Planning
• Location: UNDP Country Office, Lodhi Estate, New Delhi

Mandates and Objectives:

• Digitalization of Vaccine Cold Chain Management: Enhance the management of vaccine stocks, flows, and storage temperatures using advanced technology and artificial intelligence.
• Capacity Building: Strengthen animal health practices through technical assistance and skill development initiatives.
• Communication Planning: Develop effective communication strategies to ensure better propagation and outreach of DAHD’s activities.

Key Figures Involved:

• DAHD Representative: Smt. Alka Upadhyay, Secretary, Department of Animal Husbandry & Dairying
• UNDP Representative: Ms. Caitlin Wiesen, UNDP India Resident Representative a.i.
• Additional Speaker: Smt. Sarita Chauhan, Joint Secretary (LH), DAHD

Important Terms Explained:

• Cold Chain Management: A temperature-controlled supply chain essential for preserving and distributing vaccines.
• Artificial Intelligence (AI): Technology used to monitor and manage vaccine storage and distribution efficiently.
• One Health Approach: An approach that recognizes the interconnectedness of human, animal, and environmental health.

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12. What is the budget outlay approved for the India AI mission?
A) Rs 5,000 crore
B) Rs 7,500 crore
C) Rs 10,372 crore
D) Rs 15,000 crore
E) Rs 20,000 crore
Answer: C) Rs 10,372 crore

Event and Location:

• Event: Cabinet approval of the India AI mission
• Location: India

Mandates and Objectives:

• Primary Objective: Develop and enhance artificial intelligence capabilities in India.

Key Components:

• Establishing AI supercomputing infrastructure with over 10,000 GPUs.
• Providing access to this infrastructure for startups, academia, researchers, and industry.
• Setting up a National Data Management Officer to improve data quality and availability for AI development.

Important Terms Explained:

• AI Supercomputing Infrastructure: Advanced computing facilities specifically designed to handle large-scale AI computations and research.
• National Data Management Officer: A designated official responsible for coordinating data management across various government departments to support AI initiatives.

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