Current Affairs Quiz - August, 2020

Notes:
USD 1 billion (equivalent to Rs 7,485 crore) financial support by way of loan has been approved by the Manila based-Asian Development Bank (ADB) for Delhi-Meerut regional rapid transit system.
The project is first of the three priority rail corridors in country. The financial assistance from ADB will be used for construction of railway tracks, station buildings, maintenance facilities and power supply.

Notes:
Iran has displayed a surface-to-surface ballistic missile, that has a range of 1,400 kilometres, named martyr Qassem Soleimani.
The country also displayed a new cruise missile called martyr Abu Mahdi, with a range of over 1,000 km, amidst the demand from the United States to stop its missile programme. The head of Iran’s Quds Force, Soleimani and Iraqi commander Abu Mahdi al-Muhandis were killed in a U.S. strike.

Notes:
The United Nations General Assembly proclaimed 21 August as the International Day of Remembrance of and Tribute to the Victims of Terrorism.
The day is observed to honour and support the victims and survivors of terrorism. It also strives to promote and protect their human and fundamental rights. This year, the UN held a virtual commemoration of the 3rd International Day of Remembrance of and Tribute to the Victims of Terrorism.

Notes:
HSBC India launched its ‘Green Deposit Programme’, to finance green initiatives including renewable energy.
Under this new initiative, the bank will ask their corporate clients to deposit money, which will in turn be used for financing green projects by letting the clients indirectly participate in the sustainability projects. The product offers stable principal, pre-agreed return and protection.

Notes:
Interceptor Boat ‘ICGS C-454’, that has been built by Larsen and Toubro, was recently launched into the service of the Coast Guard.
The newly-built boat of the Indian Coast Guard (ICG) was launched in Surat, as per the recent notification from the Defence Ministry. It has a length of 27 meters and a maximum speed of 45 nautical miles or 83 kilometers per hour.

Notes:
Yes Bank has executed an agreement with GPL Finance and Investments Limited for the complete sale of equity shareholding of YES Asset Management Limited “YESAMC” and YES Trustee Limited “YTL”.
Both these firms are wholly owned subsidiaries of YES Bank Limited. It is expected that the sale would be completed in the next 8 to 12 months. After completion of the sale, the two firms Yes Bank will completely exit from its mutual fund business.

Notes:
Technology major Microsoft has launched a new program to teach quantum computing skills to train around 900 faculty from across the country.
As a part of this initiative, Microsoft is organizing a ‘Train the Trainer’ program in association with Electronics and ICT Academies at Malaviya National Institute of Technology (MNIT), Jaipur and National Institute of Technology, Patna.

Notes:
Indian Institute of Management Kozhikode (IIM-K) has signed a MoU with Switzerland based HELP Logistics.
This partnership is aimed to develop humanitarian logistics in India through consulting services and logistics training to United Nations bodies, Government Institutions and Non-Governmental Organizations. The MoU will be in force of a period of 1 year.

Notes:
Pakistan has acquired an advanced warship named “054A/P, a guided missile frigate” from China.
This is the largest ship that China has built for any country and it is one among the 4 most sophisticated naval warships that is being built for Pakistan. This acquisition would double the combat power of Pakistan’s Navy.

Notes:
The UEFA Champions League 2020 has been won by the Germany-based football club, the Bayern Munich.
The team won 1-0 against the Paris Saint Germain (PSG) at the final match held at Estadio da Luz, Lisbon. Kingsley Coman scored the only goal of the match during the 59th minute. Bayern Muncih has won the league after 7 years.