Current Affairs Quiz - March, 2020

Notes:
According to the findings of the Gender Social Norms Index report, released recently by the United Nations Development Programme (UNDP), no country in the world has achieved gender equality.
The report also revealed that the world is not on track to achieve gender equality by 2030 and it would take 257 years to close the gender gap in economic opportunity. Pakistan tops a list of countries of people holding biased views against women.

Notes:
The Central bank of the United States-the Federal Reserve has recently cut its benchmark interest rate to almost zero.
The Fed Reserve also announced that it would buy $700 billion in bonds to ease the economic activities. The bank also said that it shall maintain this target range until the economy is on track to achieve its maximum employment and price stability goal.

Notes:
Phool Dei is the harvest festival celebrated in the state of Uttarakhand. The cultural festival is celebrated to mark the beginning of spring season.
It is usually celebrated in the month of Chaitra (March-April) in the Hindu calendar. The people of the state decorate their houses with flowers as a part of the celebration. Children shower flowers at the doorsteps of houses wishing prosperity.

Notes:
Spanish football coach Francisco Garcia has recently passed away after contracting coronavirus, at the age of 21. He is also the youngest victim of the illness in the region.
Garcia was serving as the manager of Atletico Portada Alta’s youth team and he was tested positive for COVID-19 last week. During his treatment, it was found out that he was also suffering from leukaemia. All major football competitions like have been suspended due to coronavirus outbreak.

Notes:
S&P Global Ratings lowered India’s economic growth forecast to 5.2 per cent for the year 2020. The rating agency had earlier predicted the growth rate of 5.7% for 2020.
The agency also estimated that the Asia-Pacific economic growth in 2020 will dip to less than 3 per cent. It also revealed that saying the global economy is entering a recession amidst the coronavirus pandemic.

Notes:
Technological Major Google introduced a unique feed named ‘Discover’ which provides curated articles to Google Pixel and Google app users based on their interests.
In its latest update to the app, this new feature has been introduced which enables the users to report misleading articles on the ‘Discover’ feed. Users can now report misleading content as various categories which includes violent, misleading, abusive and others.

Notes:
The Reserve Bank of India (RBI) is conducting Open Market Operations (OMO) in the form of purchase of Rs 10,000 crore worth government securities.
This important step of the central bank has been announced at the backdrop of the increased risks of COVID-19 pandemic. The operation would increase the liquidity in the Indian economy and would help the financial market segments which are affected by the economic risks.

Notes:
Manila-based Asian Development Bank recently announced an initial package of $6.5 billion (equivalent to ₹48,230 crore) to cater the immediate needs of its developing member countries in fighting the Covid-19 pandemic.
As per the announcement of the Development bank, out of the total package, $3.6 billion will be made available to governments for addressing health and economic consequences of the pandemic and $1.6 billion for micro, small and medium enterprises, domestic and regional trade.

Notes:
The Defence Ministry has recently signed an 880-crore contract with Israel Weapons Industries (IWI) for procurement of 16,479 light machine guns (LMGs).
According to the contract which was signed with the Israel-based arms industry company, it would provide Negev 7.62 x 51 mm light machine guns to the Indian armed forces. This type of LMG is a combat proven weapon and used by several countries around the globe at present.

Notes:
The Small Industries Development Bank of India (SIDBI) said that it will launch Swavalamban Express Train on June 5 this year for budding entrepreneurs.
The Swavalamban Express will travel to 11 cities covering 7,000 km in 15 days. This is a part of its umbrella mission Swavalamban. Under this mission, youths will board the train with an idea and they shall get down with effective business plan after a series of experimental learning