Daily Current Affairs May 27

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 27. 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 27 | Daily Current Affairs 2024

Sports – Daily Current Affairs May 27

1. Who won the IPL 2024 final?
A) Mumbai Indians
B) Chennai Super Kings
C) Kolkata Knight Riders
D) Sunrisers Hyderabad
E) Royal Challengers Bangalore
Answer: C) Kolkata Knight Riders

Event and Location:

• Event: IPL 2024 Final
• Location: M.A. Chidambaram Stadium, Chennai

Mandates and Objectives:

• Kolkata Knight Riders (KKR) aimed to secure their third IPL title.
• Sunrisers Hyderabad (SRH) aimed to win the IPL title after a record-breaking season.
• KKR needed to chase down the modest total set by SRH.
• SRH aimed to defend their low total by restricting KKR’s batsmen.

Important Terms Explained:

• IPL (Indian Premier League): A professional Twenty20 cricket league in India.
• PowerPlay: The first six overs of a T20 match where fielding restrictions are in place, favoring the batting side.
• Impact Player: A player who can be substituted in and out for tactical purposes during the match.

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2. Who is the oldest Indian woman to summit Mount Everest as of 2024?
A) Bachendri Pal
B) Premlata Agarwal
C) Sangeeta Bahl
D) Jyoti Ratre
E) Arunima Sinha
Answer: D) Jyoti Ratre

Event and Location:

• Event: Jyoti Ratre summits Mount Everest
• Location: Mount Everest

Mandates and Objectives:

• Successfully summit Mount Everest.
• Set a new record as the oldest Indian woman to reach the peak.
• Inspire others by overcoming previous failed attempts and challenges.

Important Terms Explained:

• Mount Everest: The highest mountain in the world, standing at 8,848 meters (29,029 feet) above sea level.
• Lhotse Camp: A high-altitude camp located at 7,800 meters, often used by climbers during their Everest expeditions.

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Ranking – Daily Current Affairs May 27

3. Which state added the most transmission lines by state utilities in FY24?
A) Gujarat
B) Tamil Nadu
C) Bihar
D) Uttar Pradesh
E) Andhra Pradesh
Answer: D) Uttar Pradesh

Event and Location:

• Event: Transmission line additions by state utilities in FY24
• Location: India

Mandates and Objectives:

• Increase the length of transmission lines by state utilities.
• Enhance the transmission capacity and reliability of the power grid.

Important Terms Explained:

• Transmission Line: High-voltage power lines used to transport electricity over long distances from power plants to substations.
• Central Electricity Authority (CEA): The apex body responsible for advising the Indian government on matters related to the national electricity policy.
• ckm (Circuit Kilometer): A measure of the length of electrical transmission or distribution lines, considering the number of circuits.

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Banking and Finance – Daily Current Affairs May 27

4. What is the primary reason for Maldives launching India’s RuPay service?
A) To promote tourism
B) To enhance digital payments
C) To strengthen the Maldivian Rufiyaa
D) To attract foreign investments
E) To facilitate remittances
Answer: C) To strengthen the Maldivian Rufiyaa

Event and Location:

• Event: Planned launch of RuPay service in Maldives
• Location: Maldives

Mandates and Objectives:

• Launch India’s RuPay service in Maldives.
• Facilitate payments in Indian Rupees.
• Strengthen the Maldivian Rufiyaa (MVR).
• Save on import bills from India and China by using local currencies.

Important Terms Explained:

• RuPay: A global card payment network launched by the National Payments Corporation of India (NPCI) with acceptance at ATMs, POS devices, and e-commerce websites.
• Maldivian Rufiyaa (MVR): The currency of Maldives.
• Special Rupee Vostro Accounts (SRVAs): Accounts that allow trade in local currencies between India and other countries, as promoted by the Reserve Bank of India.

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5. Why did RBI impose a penalty on Hero FinCorp?
A) Fraudulent transactions
B) Non-compliance with fair practices code
C) Money laundering
D) Failure to meet capital requirements
E) Misreporting financial statements
Answer: B) Non-compliance with fair practices code

Event and Location:

• Event: RBI imposes penalty on Hero FinCorp
• Location: India

Mandates and Objectives:

• Ensure compliance with fair practices code.
• Penalize non-compliance to reinforce adherence to regulatory standards.

Important Terms Explained:

• Fair Practices Code: Guidelines issued by the RBI to ensure fair treatment of borrowers and transparency in lending practices.
• Statutory Inspection: An official review conducted by the RBI to assess a financial institution’s compliance with regulations.

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Business and Economy – Daily Current Affairs May 27

6. How much did Google invest in Flipkart in the latest funding round?
A) $250 million
B) $300 million
C) $350 million
D) $400 million
E) $450 million
Answer: C) $350 million

Event and Location:

• Event: Google invests in Flipkart
• Location: India

Mandates and Objectives:

• Google to become a minority investor in Flipkart.
• Support Flipkart’s business expansion and digital infrastructure modernization.
• Leverage Google Cloud collaboration to enhance services for customers.

Important Terms Explained:

• Minority Investor: An investor who holds a smaller portion of a company’s shares and typically has limited influence over company decisions.
• Digital Economy: The global network of economic activities, commercial transactions, and professional interactions enabled by information and communication technologies.
• Cloud Collaboration: The use of cloud-based technologies to facilitate teamwork and business operations over the internet.

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7. What is the value of the transaction for Tata Play’s 30% stake sold by Disney to Tata Group?
A) $500 million
B) $1 billion
C) $1.5 billion
D) $2 billion
E) $2.5 billion
Answer: B) $1 billion

Event and Location:

• Event: Disney sells its stake in Tata Play to Tata Group
• Location: India

Mandates and Objectives:

• Disney to sell its 30% stake in Tata Play to Tata Group.
• Tata Group to take full control of Tata Play.
• Strengthen Tata Group’s position in the media and entertainment sector.

Important Terms Explained:

• Tata Play: A subscription television broadcaster in India, formerly known as Tata Sky.
• Viacom 18 Media Pvt: A media company in India involved in the merger with Disney’s India unit.
• Direct-to-Home (DTH): A method of receiving satellite television by means of signals transmitted directly from satellites to viewers’ homes.

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Appointments – Daily Current Affairs May 27

8. Who was named an ICC ambassador for the T20 World Cup 2024 along with Yuvraj Singh, Chris Gayle, and Usain Bolt?
A) Sachin Tendulkar
B) Ricky Ponting
C) Shahid Afridi
D) Brian Lara
E) Jacques Kallis
Answer: C) Shahid Afridi

Event and Location:

• Event: T20 World Cup 2024
• Location: United States and West Indies

Mandates and Objectives:

• The ICC appointed ambassadors to promote and represent the T20 World Cup 2024.
• Enhance the visibility and excitement of the tournament by involving renowned sports personalities.

Important Terms Explained:

• ICC (International Cricket Council): The global governing body for cricket.
• T20 World Cup: A biennial international championship of Twenty20 cricket organized by the ICC.

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Awards – Daily Current Affairs May 01

9. Who won the Orange Cap in IPL 2024?
A) Shubman Gill
B) Jos Buttler
C) Virat Kohli
D) David Warner
E) KL Rahul
Answer: C) Virat Kohli

Event and Location:

• Event: IPL 2024 Awards
• Location: M.A. Chidambaram Stadium, Chennai

Mandates and Objectives:

• Recognize individual and team performances in IPL 2024.

• Award players for exceptional performances in various categories throughout the season.

Important Terms Explained:

• Orange Cap: Awarded to the highest run-scorer in the IPL season.
• Purple Cap: Awarded to the highest wicket-taker in the IPL season.
• Most Valuable Player: Recognizes the player with the most impactful performances across the season.
• Fairplay Award: Given to the team that played the tournament with the best sportsmanship.
• Emerging Player: Awarded to a young player who has showcased exceptional talent and performance.
• Electric Striker of the Season: Awarded to the player with the highest strike rate in the season.
• Man of the Match (Final): Awarded to the best performer in the IPL final match.

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10. Who received the Amal Clooney Women’s Empowerment Award at the Prince’s Trust Awards in London?
A) Malala Yousafzai
B) Arti
C) Greta Thunberg
D) Jacinda Ardern
E) Emma Watson
Answer: B) Arti

Event and Location:

• Event: Prince’s Trust Awards
• Location: London, UK

Mandates and Objectives:

• Recognize and honor individuals who have made significant contributions to women’s empowerment.
• Inspire other young women through exemplary achievements.
• Promote sustainable and safe transport initiatives.

Important Terms Explained:

• Amal Clooney Women’s Empowerment Award: An award named after the renowned human rights barrister, given to individuals who have significantly contributed to women’s empowerment.
• Prince’s Trust International: An organization founded by King Charles (formerly Prince of Wales) supporting young people through employment, education, and enterprise programs globally.
• Pink E-Rickshaw Initiative: A government scheme in India providing subsidized e-rickshaws to women to increase their employment opportunities and enhance safe transport.

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11. Which company received ‘The Economic Times HR World Future Ready Organization Award 2024-25’?
A) Tata Power
B) NTPC
C) NHPC
D) Reliance Power
E) Adani Power
Answer: C) NHPC

Event and Location:

• Event: The Economic Times HR World Future Ready Organization Award 2024-25
• Location: Mumbai, India
• Date: May 23, 2024

Mandates and Objectives:

• Recognize organizations for their future preparedness in various HR practices.
• Highlight NHPC’s achievements in upskilling employees, ESG interventions, DE&I initiatives, technological upgradations, and corporate governance.

Important Terms Explained:

• NHPC (National Hydroelectric Power Corporation): A premier hydropower company in India.
• ESG (Environmental, Social, and Governance): Criteria used to measure a company’s sustainability and societal impact.
• DE&I (Diversity, Equity, and Inclusion): Initiatives aimed at promoting a diverse, equitable, and inclusive workplace.

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Defence – Daily Current Affairs May 27

12. What is the value of the order Cochin Shipyard received from North Star Shipping for hybrid SOVs?
A) EUR 40 million
B) EUR 50 million
C) EUR 60 million
D) EUR 70 million
E) EUR 80 million
Answer: C) EUR 60 million

Event and Location:

• Event: Cochin Shipyard secures an order for hybrid SOVs
• Location: Kochi, India

Mandates and Objectives:

• Build hybrid Service Operation Vessels (SOVs) for North Star Shipping.
• Enhance capabilities in the offshore renewable energy segment.
• Deliver high-quality, sustainable maritime solutions.

Important Terms Explained:

• Service Operation Vessel (SOV): A specialized vessel used for the maintenance and operation of offshore wind farms.
• Hybrid SOV: A vessel that combines conventional and electric propulsion systems to reduce emissions.
• DNV (Det Norske Veritas): An international accredited registrar and classification society headquartered in Norway.
• Azimuth Propulsion System: A type of propulsion system that provides 360-degree thrust, enhancing the maneuverability of vessels.
• 3D Motion Compensated Gangway System: A system used to transfer personnel safely between the vessel and offshore structures, compensating for the vessel’s motion.

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Over All Review

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