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.

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May 24 | Daily Current Affairs 2024

Important Days – Daily Current Affairs May 24

1. When is the International Day of the Markhor celebrated?
A) 10 April
B) 15 June
C) 24 May
D) 30 July
E) 12 August
Answer: C) 24 May

Event and Location:

• Event: International Day of the Markhor
• Date: 24 May
• First Celebration: 2024

Mandates:

• The UN General Assembly proclaimed the International Day of the Markhor through resolution A/RES/78/278.

Objectives:

• Raise awareness about the conservation of the markhor.
• Highlight the ecological significance and economic value of the markhor.
• Promote international and regional cooperation to conserve the markhor and its habitat.
• Foster conservation efforts and sustainable tourism to benefit the ecosystem and local economies.

Important Terms Explained:

Markhor (Capra falconeri):

• Ecologically significant species found in Central and South Asia.
• Threatened by habitat loss, illegal hunting, and climate change.
• Categorized as “near threatened” on the IUCN Red List.
• Included in Appendix I of the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) since 1992.
• Different subspecies include flare-horned, straight-horned, and Bukharan markhor.

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2. What is a key difference between turtles and tortoises?
A) Turtles live on land; tortoises live in water.
B) Turtles have shorter lifespans than tortoises.
C) Tortoises can fly, turtles cannot.
D) Turtles are mammals, tortoises are reptiles.
E) Tortoises eat fish, turtles do not.
Answer: B) Turtles have shorter lifespans than tortoises.

Event and Location:

• Event: World Turtle Day
• Date: 23 May 2024
• Location: Worldwide

Mandates:

• Raise awareness about the habitat and lifestyle of turtles and tortoises.
• Encourage people to contribute to their well-being and conservation.

Objectives:

• Clarify the differences between turtles and tortoises.
• Highlight their significant roles in ecosystems.
• Celebrate their resilience and contributions to the planet.

Important Terms Explained:

• Turtles: Aquatic creatures that primarily live in water, have shorter lifespans (up to 40 years), and feed on dead fish.
• Tortoises: Land creatures that can live up to 300 years, help maintain ecological balance by digging holes which are used by other creatures.
• World Turtle Day: An annual event to spread awareness and promote conservation efforts for turtles and tortoises.

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Sports – Daily Current Affairs May 24

3. Which country has been chosen to host the 2026 Women’s Asian Cup?
A) Japan
B) China
C) South Korea
D) Australia
E) India
Answer: D) Australia

Event and Location:

• Event: Hosting of the 2026 Women’s Asian Cup
• Location: Australia (NSW, Queensland, and Western Australia)

Mandates:

• Australia was the only member nation to submit a bid to host the 2026 Women’s Asian Cup.

Objectives:

• Provide an opportunity for local fans to support the Matildas on home soil.
• Build on the success of the 2023 Women’s World Cup co-hosted by Australia.
• Promote and celebrate women’s football.

Important Terms Explained:

• AFC Women’s Asian Cup: The premier women’s football competition in Asia organized by the Asian Football Confederation (AFC).
• Matildas: The nickname for the Australian women’s national soccer team.
• Asian Football Confederation (AFC): The governing body of football in Asia, responsible for organizing the Asian Cup among other competitions.

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Banking and Finance – Daily Current Affairs May 24

4. How much did HDFC Bank sell its entire stake in Protean eGov Technologies for?
A) Rs 100 crore
B) Rs 120 crore
C) Rs 150 crore
D) Rs 200 crore
E) Rs 250 crore
Answer: C) Rs 150 crore

Event and Location:

• Event: HDFC Bank’s Sale of Stake in Protean eGov Technologies
• Location: Open market transaction via BSE (Bombay Stock Exchange), India

Mandates:

• HDFC Bank’s sale of its stake in Protean eGov Technologies.

Objectives:

• Monetize its investment in Protean eGov Technologies.
• Facilitate the transition of ownership to other investors.

Important Terms Explained:

• Protean eGov Technologies: A company focused on providing electronic governance solutions.
• Open Market Transaction: A method where shares are bought and sold freely on the stock exchange.
• Bulk Deal: A single transaction involving a large number of shares, typically 0.5% or more of a company’s total equity.

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Business and Economy – Daily Current Affairs May 24

5. What recent license did Mahindra Finance receive from the Insurance Regulatory and Development Authority of India (IRDAI)?
A) Investment Banking License
B) Corporate Agency License
C) Mutual Fund Distribution License
D) Foreign Exchange Dealer License
E) Microfinance License
Answer: B) Corporate Agency License

Event and Location:

• Event: Mahindra Finance secures a Corporate Agency License
• Date of License Validity: From May 21, 2024, to May 20, 2027
• Location: India, across Mahindra Finance’s network of 1360+ branches

Mandates:

• Mahindra Finance obtained a Corporate Agency License from IRDAI.
• License permits Mahindra Finance to act as a corporate agent under the Insurance Act, 1938.

Objectives:

• Enhance service offerings for over 10 million customers.
• Integrate insurance solutions to meet financial and insurance needs under a single entity.
• Generate new revenue streams and provide personalized services.

Important Terms Explained:

• Corporate Agency License: A certification allowing entities to solicit, procure, and conduct business related to various insurance products including life, health, and general insurance.
• Insurance Regulatory and Development Authority of India (IRDAI): The regulatory body for insurance in India, ensuring the orderly growth and development of the insurance industry.
• Assets Under Management: Refers to the total market value of the assets managed by Mahindra Finance, which is over USD 11 billion.

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Awards – Daily Current Affairs May 24

6. Who received the Shaw Prize in Astronomy for 2024?
A) Sudha Murty
B) Srinivas R Kulkarni
C) George Ellery Hale
D) Zwicky Transient Facility
E) Palomar Transient Factory
Answer: B) Srinivas R Kulkarni

Event and Location:

• Event: Shaw Prize in Astronomy 2024
• Location: Presented by the Shaw Prize Foundation, Hong Kong

Mandates:

• The Shaw Prize recognizes outstanding contributions in the fields of astronomy, medicine and life sciences, and mathematical sciences.

Objectives:

• Honor Srinivas R Kulkarni for his groundbreaking discoveries in millisecond pulsars, gamma-ray bursts, supernovae, and other transient astronomical phenomena.
• Acknowledge his leadership in the Palomar Transient Factory (PTF) and the Zwicky Transient Facility (ZTF).

Important Terms Explained:

• Shaw Prize: A prestigious global award recognizing significant achievements in astronomy, medicine and life sciences, and mathematical sciences.
• Millisecond Pulsars: Rapidly rotating neutron stars that emit beams of electromagnetic radiation.
• Gamma-ray Bursts: Extremely energetic explosions observed in distant galaxies.
• Supernovae: Stellar explosions that occur at the end of a star’s life cycle.
• Palomar Transient Factory (PTF): An astronomical project focused on detecting transient phenomena in the night sky.
• Zwicky Transient Facility (ZTF): The successor to PTF, further enhancing the study of time-variable optical phenomena in the sky.

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7. Who won the 2024 International Booker Prize?
A) Han Kang
B) Natasha Walter
C) Jenny Erpenbeck and Michael Hofmann
D) Olga Tokarczuk
E) Georgi Gospodinov and Angela Rodel
Answer: C) Jenny Erpenbeck and Michael Hofmann

Event and Location:

• Event: International Booker Prize 2024
• Location: Tate Modern, London
• Sponsor: Maison Valentino (Italian luxury fashion house)

Mandates:

• Award exceptional translated fiction from around the world.
• Recognize both the author and the translator with a shared prize.

Objectives:

• Highlight the literary and cultural value of translated works.
• Celebrate the contributions of both authors and translators to global literature.

Important Terms Explained:

• International Booker Prize: A prestigious literary award recognizing the best translated fiction from around the world, with prize money shared equally between the author and translator.
• Kairos: Jenny Erpenbeck’s novel set against the collapse of East Germany, exploring a personal and political narrative.
• Michael Hofmann: Translator known for capturing the eloquence and rhythm of Erpenbeck’s writing.

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8. Which airport received the Zero Waste to Landfill (ZWL) accolade?
A) Indira Gandhi International Airport
B) Chhatrapati Shivaji Maharaj International Airport
C) Kempegowda International Airport
D) Thiruvananthapuram International Airport
E) Rajiv Gandhi International Airport
Answer: D) Thiruvananthapuram International Airport

Event and Location:

• Event: Thiruvananthapuram International Airport receives Zero Waste to Landfill accolade
• Location: Thiruvananthapuram, India

Mandates:

• The accolade was given by the Confederation of Indian Industry (CII-ITC) Centre of Excellence for Sustainable Development.

Objectives:

• Recognize the implementation of best waste management practices.
• Achieve significant waste diversion from landfills.

Important Terms Explained:

• Zero Waste to Landfill (ZWL): An accolade for achieving high levels of waste diversion from landfills.
• Confederation of Indian Industry (CII-ITC): An organization that promotes sustainable development practices.
• 5R Principles: Sustainable waste management principles including Reduce, Reuse, Reprocess, Recycle, and Recover.
• Municipal Solid Waste (MSW): Waste consisting of everyday items discarded by the public, including paper, food, and plastic.

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9. Who was awarded the First-Class Medal of Independence by the UAE President?
A) Sheikh Mohamed bin Zayed Al Nahyan
B) Reem Bint Ebrahim Al Hashimy
C) Jose Aguero Avila
D) Sheikh Khalifa bin Zayed Al Nahyan
E) Abdullah bin Zayed Al Nahyan
Answer: C) Jose Aguero Avila

Event and Location:

• Event: Awarding of the First-Class Medal of Independence
• Location: Abu Dhabi, UAE

Mandates:

• UAE President Sheikh Mohamed bin Zayed Al Nahyan awarded the medal.

Objectives:

• Recognize Jose Aguero Avila’s contributions to enhancing UAE-Paraguay relations during his tenure as ambassador.

Important Terms Explained:

• First-Class Medal of Independence: A prestigious award given in appreciation of significant contributions to bilateral relations.
• Bilateral Relations: Diplomatic and cooperative interactions between two countries.
• Ministry of Foreign Affairs: UAE’s governmental body responsible for managing international relations and diplomacy.

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Science and Technology – Daily Current Affairs May 24

10. Where is the world’s highest observatory inaugurated by the University of Tokyo located?
A) Alps, Switzerland
B) Rockies, USA
C) Andes, Chile
D) Himalayas, Nepal
E) Pyrenees, France
Answer: C) Andes, Chile

Event and Location:

• Event: Inauguration of the world’s highest observatory
• Location: Cerro Chajnantor, Atacama Region, Antofagasta, Chile

Mandates:

• The University of Tokyo’s Atacama Observatory (TAO) aims to study the universe using its state-of-the-art 6.5-meter optical-infrared telescope.

Objectives:

• Clarify the mysteries of the universe, such as dark energy and primordial stars.
• Observe the sky with unparalleled clarity due to its unique altitude and minimal atmospheric humidity.

Important Terms Explained:

• Atacama Observatory (TAO): The highest observatory in the world, featuring a 6.5-meter optical-infrared telescope.
• Cerro Chajnantor: The mountain in the Andes, Chile, where TAO is located at 5,640 meters above sea level.
• ALMA (Atacama Large Millimeter/Submillimeter Array): A nearby large radio telescope project involving international cooperation for astronomical observations.

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