Current Affairs Quiz 24th May 2021 : Daily GK Update Quiz

Exp. Kotak Mahindra Bank has issued the first-ever foreign portfolio investor (FPI) licence to the GIFT IFSC alternative investment fund (AIF) of True Beacon Global. This is the first FPI licence issued to an AIF incorporated in GIFT IFSC by any custodian bank or designated depository participant (DDP) in the country.

AIF is an important business vertical at GIFT IFSC and offers huge benefits and a competitive edge for setting up a fund in IFSC at GIFT City.

Exp. The Board of Reserve Bank Innovation Hub (RBIH) has appointed Rajesh Bansal as the chief executive officer (CEO) of the RBIH with effect from May 17, 2021, the RBIH said in a statement.

The Reserve Bank Innovation Hub would develop internal infrastructure to promote fintech research and facilitate engagement with innovators and start-ups.

Exp. Mukesh Ambani Asia’s richest and Gautam Adani second richest persons. Billionaire Gautam Adani has edged past Chinese tycoon Zhong Shanshan to become the second-richest Asian, according to the Bloomberg Billionaire Index.

Ambani lost $175.5 million this year, Adani’s wealth surged by $32.7 billion to touch $66.5 billion, against Zhong’s $63.6 billion.

Ambani’s total wealth now stands at $76.5 billion, making him the 13th richest in the world, followed by Adani at 14th.

Exp. Israel and Palestinians Conflict: Hostilities between Israel and the Palestinians are not new and have gone on for decades.

This time things escalated since the start of the holy Muslim month of Ramadan in mid-April 2021, a squad of Israeli police officers entered the Aqsa Mosque in Jerusalem with nightly clashes between police and Palestinians.

Exp. India Meteorological Department has informed that, Cyclone Yaas is likely to intensify into a very severe cyclonic storm, week after cyclone Tauktae had its landfall on the western coast of India.

Cyclone Yaas is likely to affect the coastal parts of Odisha and West Bengal on May 26, 2021.

Exp. Shaji .N.M., fondly called as ‘Tuber Man’ of Kerala has been awarded the India Biodiversity Award 2021 in the individual category of ‘Conservation of domesticated species’.

Mr. Shaji, who conserves a wide array of around 200 tuber crops including greater yam, lesser yam, elephant foot yam, arrow root, colocasia, sweet potato, cassava and Chinese potato in his farm has received State awards seven times for his efforts. He has also received the Plant Genome Savior Reward 2015, instituted by PPV&FR Authority, New Delhi.

Exp. World Turtle Day was celebrated on May 23, 2021. It is observed to raise awareness among people about turtle & tortoise and their habitats. Celebration of the day is sponsored by a non-profit organisation “American Tortoise Rescue (ATR)” since 2000.

Exp. World Turtle Day was celebrated on May 23, 2021. It is observed to raise awareness among people about turtle & tortoise and their habitats. Celebration of the day is sponsored by a non-profit organisation “American Tortoise Rescue (ATR)” since 2000.

Theme for 2021 is- ‘Turtle Rocks!’.

Exp. 24th May: Commonwealth Day. The Commonwealth Day is celebrated on the second Monday in the month of March every year. However, in India another Commonwealth Day is also celebrated on May 24. Also known as the Empire Day, the Commonwealth Day commemorates the formation of the British Empire in India and other colonies of Britain.

Exp. The Commonwealth Day is celebrated on the second Monday in the month of March every year. However, in India another Commonwealth Day is also celebrated on May 24. Also known as the Empire Day, the Commonwealth Day commemorates the formation of the British Empire in India and other colonies of Britain.

Theme 2021: Delivering a Common Future

Exp. Max Verstappen won the Monaco Grand Prix for the first time to take the Formula One championship lead from Lewis Hamilton on 23rd May.

Verstappen’s second win this season and 12th of his career moved the Red Bull driver four points ahead of Hamilton overall. Valtteri Bottas went from second place.

Exp. Nuclear Scientist and former chairman of Atomic Energy Commission, SriKumar Banerjee passed away at 75 on May 23, 2021 due to heart attack after he recovered from COVID-19.

He was a veteran nuclear scientist who led nuclear establishment when India and USA signed their nuclear deal and legislated Civil Liability for Nuclear Damage Bill.

Exp. Kris Gopalakrishnan, the former co-chairman and co-founder of Infosys is the first Chairperson of Reserve Bank Innovation Hub, appointed by the Reserve Bank of India. The Reserve Bank Innovation Hub aims to promote innovation across financial sector.