Current Affairs Quiz - December, 2020

Notes:
Sadiq al-Mahdi was Sudan’s last democratically elected prime minister and also the leader of the nation’s largest political party. He died recently of COVID-19 at United Arab Emirates.
He was 84 years old. Al-Mahdi was overthrown from power in a 1989 by an autocrat Omar al-Bashir. Al-Mahdi’s party allied with pro-democracy uprising and the military overthrow al-Bashir in April 2019.

Notes:
The insurance sector regulator – Insurance Regulatory and Development Authority of India (IRDAI) has accorded “in principle” approval for merger of Bharti AXA General Insurance with ICICI Lombard General Insurance Company.
On successful merger, the consolidated entity would have a market share of 8.7% in non-life business. Bharti Enterprises own 51% share in Bharti AXA General Insurance and the remaining 49% is owned by French insurer AXA.

Notes:
BrahMos Aerospace is a joint venture company set up by Defence Research and Development Organisation (DRDO) and Mashinostroyenia of Russia.
Recently, Indian Navy test-fired the naval version of BrahMos missile in the Bay of Bengal. The missile was test-fired from a Rajput-class destroyer INS Ranvijay, hitting a decommissioned target ship. Earlier, the Indian Army and Air Force test-fired the missile.

Notes:
The cyclone name “Burevi” was suggested by Maldives. The second cyclone approaching India from Bay of Bengal has been named as “Burevi” as per the guidelines of World Meteorological Organisation (WMO).
The storm commenced its course from South West Bay of Bengal and it is the fifth tropical cyclone system that has developed in the Norther Indian Ocean, this year.

Notes:
Indian Gas Exchange (IGX) was launched in 2020 as India’s first automated national-level trading platform for physical delivery of natural gas.
IGX is a wholly-owned subsidiary of the Indian Energy Exchange (IEX). Recently, IGX obtained all necessary approvals as per the provisions of the Petroleum and Natural Gas Regulatory Board (Gas Exchange) Regulations, 2020. It becomes the first regulated Gas Exchange of the country.

Notes:
The Reserve Bank of India’s Monetary Policy Committee (MPC) held on December 4, 2020 decided to keep interest rates unchanged with an “accommodative” policy stance.
The MPC has kept repo rate unchanged at 4% and maintained reverse repo rate at 3.35%. RBI also predicted a real GDP growth of -7.5% for FY21, from the earlier prediction of -9.5%. MPC also expected that the inflation rate will remain high.

Notes:
The Reserve Bank of India (RBI) has proposed to increase the limit for contactless card transactions to Rs 5,000 from Rs 2,000 per transaction from January 1, 2021.
This announcement was part of the RBI’s Statement on Developmental and Regulatory Policies, announced during the RBI’s bi-monetary policy announcement. The limit for e-mandates for recurring transactions using cards and UPI is also raised to Rs 5000.

Notes:
One of the two lesser florican birds that was tagged by the Gujarat forest department has flown all the way to the state of Telangana.
The bird was tagged at the Blackbuck National Park (BBNP), Velavadar, in Bhavnagar. This has confirmed a research finding that lesser florican birds migrate to peninsular India from the western part of India after their breeding season.

Notes:
Every year 4th December is celebrated by India as the Navy Day. This is done to commemorate Operation Trident. It was an offensive mission undertaken by Indian Navy on Pakistan’s Port of Karachi in 1971 during the Indo-Pakistan war.
The Indian Navy has planned to celebrate 2021 as ‘Swarnim Vijay Varsh’ to celebrate the 50 years of Operation Trident.

Notes:
Waqf Boards and Waqf Council is administered under the Ministry of Minority Affairs.
The central Waqf council has decided recently that the Waqf Boards will be set up in the Union Territories of Jammu and Kashmir and Ladakh, soon. This is the first time, Waqf Boards will be established in the J&K and Leh-Kargil areas of India.