Daily Current Affairs May 24

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 24. 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.

TO PURCHASE OUR BANKING AWARENESS (2021 Edition) – CLICK HERE

May 24| Daily Current Affairs 2023

Important Days – Daily Current Affairs May 24

1. On which date was the Indian Commonwealth Day observed in 2023?
A) 24th May
B) 12th March
C) 8th June
D) 17th April
E) 2nd February
Answer: A) 24th May

• In India, Commonwealth Day is observed on 24th May.
• Commonwealth Day serves as a valuable occasion to foster understanding and recognize the achievements of the 54 Commonwealth nations in diverse areas.
• This includes their endeavors to combat climate change and promote gender equality, among other notable initiatives.
• The origins of Commonwealth Day can be traced back to 1902 when it was established to commemorate Queen Victoria, who passed away on January 22, 1901.
• The inaugural celebration of this important day occurred on May 24, 1902, coinciding with Queen Victoria’s birthday.
• However, it was not until 1916 that the event, originally known as Empire Day, received official recognition as an annual observance.
• Theme: Forging a Sustainable and Peaceful Common Future

National Endangered Species Day

• Every year, National Endangered Species Day is celebrated nationwide on the third Friday of May.
• This year, we commemorate National Endangered Species Day today, May 19, 2023.
• This day aims to raise awareness about the increasing number of animal species facing the risk of extinction and to shed light on the disruptive impact of climate change on previously harmonious ecosystems.
• First Edition: 2006
• 2023 Edition: 18th
• Theme: Celebrating the 50th Anniversary of the Endangered Species Act!

---

Sports – Daily Current Affairs May 24

2. Where does the third edition of the Khelo India University Games (KIUG) take place?
A) Uttar Pradesh
B) Maharashtra
C) Tamil Nadu
D) Karnataka
E) Rajasthan
Answer: A) Uttar Pradesh

• The third edition of the Khelo India University Games (KIUG) begin in Uttar Pradesh.
• Kabaddi kicked-off the first competitive day of the games amidst much fanfare at the SVSP Sports Complex, Gautam Buddha Nagar.
• The third edition of the KIUG22UP will see over 4000 athletes representing over 200 Universities in 21 sporting disciplines.
• Date: 25th May to 3rd June
• Four cities of the state namely Lucknow, Varanasi, Gorakhpur and Noida will play host to the various sports with Delhi’s Dr.Karni Singh Shooting range hosting the Shooting competition. Rowing, to be held at RamgarhTaal in Gorakhpur, will also ensure the debut of water-sports in this edition of the KIUG.
• The mascot of the Games is named Jitu, which represents Swamp Deer (Barasingha) – the state animal of Uttar Pradesh.
• The closing ceremony of the Games will be held in Varanasi on 3rd June.

---

3. When will the inaugural edition of the Indian Taekwondo Premier League (TPL) be held?
A) June 1 to June 5
B) June 8 to June 12
C) June 15 to June 19
D) June 22 to June 26
E) June 29 to July 3
Answer: D) June 22 to June 26

• The inaugural edition of the Indian Taekwondo Premier League (TPL) will take place from June 22 to June 26 at the Talkatora Stadium in New Delhi.
• Taekwondo, which finds its origins in South Korea and is a form of martial art that involves kicking and punching, is practised by over 20 million athletes in about 200 countries and is an Olympic sport.

---

Ranking – Daily Current Affairs May 24

4. What is the rank of Mumbai in the ‘Data Centre Q1 2023’ in the Asia-Pacific region report, released by Knight Frank?
A)5
B)4
C)3
D)2
E)1
Answer: C)3

• ‘Data Centre Q1 2023’ in the Asia-Pacific region
• Report Released By: Knight Frank + DC Byte
• The report focuses on nine rapidly emerging markets in APAC – Bangkok, Hong Kong, Kuala Lumpur, Mumbai, Seoul, Shanghai, Singapore, Sydney and Tokyo.

---

 

5. What is the rank of Tata Group in BCG Most Innovative Companies 2023 list?
A)50
B)40
C)30
D)20
E)10
Answer: D)20

• Report Released By: Boston Consulting Group

---

Banking and Finance – Daily Current Affairs May 24

6. Which bank has launched ‘Sarathi’, a unique digital onboarding journey to enable Electronic Data Capture (EDC) or Point of Sale (POS) for merchants?
A) HDFC Bank
B) ICICI Bank
C) State Bank of India (SBI)
D) Axis Bank
E) Punjab National Bank (PNB)
Answer: D) Axis Bank

• Axis Bank has launched ‘Sarathi’, a first of its kind digital onboarding journey to enable Electronic Data Capture (EDC) or Point of Sale (POS) for merchants.
• The solution enables merchants to complete the onboarding process in just four simple steps which includes:
  • Realtime database checks for faster application processing
  • Live video verification to authenticate merchant information at his/ her convenience
  • It eliminates the field verification process which helps in instant decision-making
  • Instant installation of POS
• With an innovative onboarding solution, Sarathi is built to provide merchants with a smooth and effective experience. The paperless onboarding process eliminates the need for merchants to fill out cumbersome forms or wait for extended periods to have their POS terminals installed.

---

7. Which company, in collaboration with IDFC First Bank, has introduced the ONDC-focused payment solution called NodePe?
A) Paytm
B) Google Pay
C) Plotch
D) PhonePe
E) Amazon Pay
Answer: C) Plotch

• Plotch, in partnership with IDFC First Bank, has introduced NodePe, an ONDC-focused payment solution.
• Plotch, founded by Manoj and Monica Gupta, the founders of Craftsvilla.com, aims to onboard more than 10,000 sellers onto the Open Network for Digital Commerce (ONDC) platform.
• With its technology support, Plotch enables businesses to swiftly launch their ecommerce buyer or seller app nodes on ONDC.
• NodePe facilitates payment routing between buyer and seller apps based on transaction-level contracts agreed upon by network participants. These contracts encompass payment settlement amount, duration, and bank details. Additionally, NodePe aids in payment reconciliation processes.

---

8. Which bank has collaborated with Red Hat to redefine the mobile banking experience for its customers?
A) HDFC Bank
B) ICICI Bank
C) State Bank of India (SBI)
D) Axis Bank
E) YES Bank
Answer: E) YES Bank

• Red Hat, Inc., the world’s leading provider of open-source solutions, today announced that YES BANK has adopted Azure Red Hat OpenShift to transform their mobile banking applications.
• Azure Red Hat OpenShift will further expedite the digital journey of YES BANK with faster time to market, more flexibility and ability to drive greater innovation.
• The new platform will enable YES BANK to improve customer experience and provide innovative banking solutions by launching security-focused and efficient modern applications.
• These applications will have the agility and flexibility to scale on demand, helping the bank with their growth initiatives of serving customers across India.
• Launched in 2019, Azure Red Hat OpenShift is the first co-developed, jointly-operated Red Hat OpenShift service on the public cloud, providing customers with the same enterprise-grade Kubernetes used in private datacenters with the scale of Microsoft Azure.

---

Acquisitions and Mergers – Daily Current Affairs May 24

9. By what percentage did Life Insurance Corporation of India (LIC) reduce its stake in NHPC?
A) 0.29%
B) 0.19%
C) 0.39%
D) 0.09%
E) 0.48%
Answer: A) 0.29%

• During the March quarter, Life Insurance Corporation of India (LIC) reduced its holding in NHPC from 3.48% to 3.19%.
• In the period between October 18, 2022, and May 23, 2023, LIC sold a total of 202.6 million shares of NHPC at an average price of ₹41.10 each, amounting to a total sale value of ₹832.8 crore.
• LIC has disclosed a decrease in its ownership of NHPC Ltd, with the number of shares held dropping from 522.6 million to 319.9 million. As a result, LIC’s ownership in NHPC has decreased from 5.203% in October to 3.19%.
• Back in October 2022, LIC had reduced its ownership in NHPC from 7.230% to 5.203% of the company’s total shares, selling shares worth ₹700.79 crore between March and October of that year.

---

Appointments – Daily Current Affairs May 24

10. Who has become the brand ambassador of Tripura Tourism?
A) ViratKohli
B) Sachin Tendulkar
C) SouravGanguly
D) Rohit Sharma
E) MS Dhoni
Answer: C) SouravGanguly

• Indian cricket legend SouravGanguly has accepted the offer to become the Brand Ambassador of Tripura Tourism.

---

11. Which payments bank has received approval from the RBI to re-appoint Vijay Shekhar Sharma as the part-time chairman for a year?
A) Jio Payment Bank
B) Paytm Payment Bank
C) India Post Payment Bank
D) NSDL Payment Bank
E) Airtel Payment Bank
Answer: B) Paytm Payment Bank

• Paytm Payments Bank has received RBI nod to re-appoint Paytm CEO Vijay Shekhar Sharma as part-time chairman for a year.
• One97 holds a 49 per cent stake in PPBL and Sharma holds the rest of the stake in the entity.

---

Awards – Daily Current Affairs May 24

12. Who won the International Booker Prize 2023 for the book “Time Shelter”?
A) GeorgiGospodinov
B) J.K. Rowling
C) Gabriel Garcia Marquez
D) Haruki Murakami
E) Arundhati Roy
Answer: A) GeorgiGospodinov

• Bulgarian writer GeorgiGospodinov’s novel Time Shelter, translated into English by Angela Rodel, has won The International Booker Prize 2023.
• The book was published by Weidenfeld& Nicolson on April 21, 2023.
• Last year the International Booker Prize was awarded to the Hindi novel “Tomb of Sand” by Indian author Geetanjali Shree, and translated by Daisy Rockwell.

---

Science and Technology – Daily Current Affairs May 24

13. Which Indian naval vessel successfully engaged a supersonic target to demonstrate its stealth capabilities?
A) INS Kolkata
B) INS Chennai
C) INS Mormugao
D) INS Vikramaditya
E) INS Viraat
Answer: C) INS Mormugao

• A sea-skimming supersonic target was successfully engaged by Indian Navy’s latest indigenous guided missile destroyer, INS Mormugao. It is on a test firing spree to get battle ready, having launched Brahmos supersonic cruise missile two days ago.
• The guided missile destroyer will add to India’s maritime strength in the Indian Ocean Region and act as a deterrent against aggressors.
• Before, INS Mormugao successfully hits ‘Bulls Eye’ during her maiden Brahmos supersonic cruise missile firing.
• INS Mormugao, inducted into the Indian Navy on December 18, 2022, was designed by the Indian Navy’s Warship Design Bureau and built by Mazagon Dock Shipbuilders Limited (MDL), Mumbai.
• INS Mormugao derives its name after the historic port city of Goa on the west coast.

---

International Affairs – Daily Current Affairs May 24

14. Which type of agreement did India and Australia sign to facilitate the movement of students, academics, and professionals between the two countries?
A) Trade partnership agreement
B) Cultural exchange agreement
C) Migration partnership agreement
D) Educational collaboration agreement
E) Bilateral investment agreement
Answer: C) Migration partnership agreement

• India and Australia are tightening their ties with a migration pact that will facilitate the movement of students, academics, and professionals.
• The agreement was announced during Prime Minister Narendra Modi’s visit to Australia, marking a significant stride in the countries’ bilateral relations.
• This was the sixth meeting between the two leaders since Albanese took office in May last year.
• India also plans to set up a new consulate in Brisbane, adding to the existing consulates in Perth, Melbourne, and Sydney

---

15. How many Broad Gauge (BG) locomotives were virtually handed over by Indian Railways to Bangladesh?
A) 10
B) 15
C) 20
D) 25
E) 30
Answer: C) 20

• In a bid to strengthen bilateral relations, Indian Railways virtually handed over 20 Broad Gauge (BG) locomotives to Bangladesh in a ceremony held at Rail Bhavan New Delhi.
• The event was attended by Railway Minister Ashwini Vaishnaw and Bangladesh Minister for Railways Nurul Islam Sujan.
• These locomotives, provided as grant assistance from the Government of India, fulfill an important commitment made during the visit of Prime Minister of Bangladesh Sheikh Hasina to India in October 2019.
• In line with India’s commitment to improving rail services in Bangladesh, 10 BG diesel locomotives were handed over to Bangladesh on a grant basis in July 2020.
• Currently, three pairs of passenger trains operate between India and Bangladesh, fostering people-to-people contact. These include the Kolkata-Dhaka Maitree Express, Kolkata-Khulna Bandhan Express, and New Jalpaiguri-Dhaka Mitali Express.

---

16. Which country will host the 20th edition of the Congress of International Agricultural Museums?
A) Germany
B) United States
C) Australia
D) India
E) Brazil
Answer: D) India

• The 20th edition of the Congress of International Agricultural Museums will be hosted in India — the first time that the global event is being held in the country — from October 13-18.
• The host institutions are Shoolini University (Solan, Himachal Pradesh) and The Heritage Foundation (New Delhi).
• Punjab Agricultural University, Ludhiana, and the Delhi-based Indian National Trust for Art and Cultural Heritage are also among the partnering institutions.
• The AIMA was founded in 1966. Congresses were held every three years throughout the Cold War, alternately in the East and the West, providing one of the very rare opportunities for people to exchange their professional and personal experiences.

---

National Affairs – Daily Current Affairs May 24

17. Which Ministry launched the 5.1 version of the Regional Connectivity Scheme (RCS) – UdeDeshKaAamNagrik (UDAN)?
A) Ministry of Home Affairs
B) Ministry of Railways
C) Ministry of Civil Aviation
D) Ministry of Defence
E) Ministry of Finance
Answer: C) Ministry of Civil Aviation

• The Ministry of Civil Aviation has launched the 5.1 version of the Regional Connectivity Scheme (RCS) – UdeDeshKaAamNagrik (UDAN) to enhance the connectivity to remote areas of the country and achieve last mile connectivity through helicopters.
• This round has been designed specifically for helicopter routes.
• Airfare caps have been reduced by as much as 25 per cent to make flying in helicopters more affordable for passengers.
• Viability Gap Funding (VGF) caps (subsidy) for the operators have been increased “substantially” for both single and twin-engine helicopters to enhance financial viability for operating the awarded routes.
• The latest round of UDAN scheme is a testament to two emerging phenomena in Indian civil aviation. First, a deeper democratisation of air travel with a focus on last-mile connectivity. Second, a growing appetite for helicopters in aiding tourism.
• 46 helicopter routes have been operationalized under previous rounds of the scheme benefitting a number of hilly and North East states.
• The UDAN scheme has recently completed five years.
• The scheme was initiated in October 2016 with the objective of fulfilling the aspirations of the common citizen, with an enhanced aviation infrastructure and air connectivity in tier II and tier III cities.
• The government has approved the ‘Revival of unserved and under-served airports’ scheme for the revival and development of 100 unserved and under-served airports, helipads and water aerodromes by 2024.

---

18. Which organizations have entered into a Memorandum of Understanding (MoU) with the Odisha Government’s Higher Education Department to enhance the skills and employability of students in Higher Education Institutions in Odisha?
A) TCS and Wipro
B) Infosys Limited and Nasscom
C) Microsoft and Google
D) IBM and Accenture
E) Adobe and Oracle
Answer: B) Infosys Limited and Nasscom

• The Odisha Government’s Higher Education Department has entered into a Memorandum of Understanding with Infosys Limited and Nasscom to enhance the skills and employability of students in Higher Education Institutions in Odisha.
• This collaboration aims to provide learning and employment opportunities for students and promote equal access to education for passionate individuals, equipping them for the future.
• As part of its ESG Vision 2030, Infosys has committed to a goal of empowering over 10 million individuals in India from diverse socioeconomic backgrounds by 2025 through its program called Infosys Springboard.
• This initiative aims to enable digital skills on a large scale by providing a comprehensive virtual platform that offers free learning experiences.
• The platform is accessible on various devices and facilitates collaboration between educators and learners, catering to students from the 6th grade to lifelong learners.
• Infosys Springboard is a key component of Infosys’ corporate social responsibility (CSR) efforts.
• The learning program is designed to enhance vocational skills and soft skills, offering a comprehensive training experience through masterclasses, programming challenges, and experimental playgrounds.
• This initiative aims to upskill and enhance the employability of around 800,000 students across 1,100 Higher Education Institutions (HEIs) under the Higher Education Department of the Government of Odisha.
• The memorandum of understanding (MoU) between Nasscom and the concerned parties aims to equip students and faculty with essential skills in key technologies, thus contributing to India’s emergence as a digital talent hub.
• As part of this collaboration, Nasscom’s future skills prime program will provide training to 800,000 students.
• The primary focus of this partnership is to foster technical expertise across different disciplines, promote digital fluency, and deliver industry-curated content.
• The comprehensive career-building program offered under this initiative leads to industry-recognized certifications issued by Nasscom.

---

19. Who launched the ‘ShasanAplya Dari’ (government at your doorstep) initiative in Maharashtra?
A) DevendraFadnavis
B) Uddhav Thackeray
C) Sharad Pawar
D) EknathShinde
E) Raj Thackeray
Answer: D) EknathShinde

• The ‘ShasanAplya Dari’ (government at your doorstep) initiative was launched by Maharashtra Chief Minister EknathShinde with the objective of ensuring that government schemes are easily accessible to the general public.
• To achieve this, the state government will utilize a new portal called ‘Mahalabharthi’ which will list all the state schemes.
• In order to create awareness about the initiative, district administrations have been instructed to organize two-day camps.
• These camps will educate people about the benefits of the initiative and how they can avail themselves of the government schemes.
• The Mahalabharthi website developed by Maharashtra Knowledge Corporation Limited (MKCL).
• The objective of ‘ShasanAplyadari’ is to take the government schemes to the doorstep of the common people so that they can take benefits of various schemes without any hassle. A dedicated cell has been set up in the CM’s office for the initiative and 15,146 volunteers have been appointed for the same across the state.

---

20. Which two states have signed an MoU to strengthen tourism cooperation?
A) Goa and Maharashtra
B) Uttarakhand and Rajasthan
C) Goa and Uttarakhand
D) Maharashtra and Uttarakhand
E) Rajasthan and Goa
Answer: C) Goa and Uttarakhand

• The officials of the Government of Goa and the Government of Uttarakhand have signed a Memorandum of Understanding (MoU) to collaborate towards enhancing the tourism landscape of both Goa and Uttarakhand.
• The signing of the MoU was held in the presence of Shri Rohan Khaunte, the Honorable Minister for Tourism, IT, E&C, Printing and Stationary, Government of Goa, and Shri Pushkar Singh Dhami, Hon. Chief Minister of Uttarakhand.
• The MoU is aimed at promoting bilateral cooperation in the travel and tourism sector and facilitating travel between the states to increase the number of tourists visiting Goa and Uttarakhand respectively.

---

---

Over All Review

DOWNLOAD TODAY’S CURRENT AFFAIRS PDF – CLICK HERE

You Must Also Read Daily Current Affairs May 23