Current Affairs Quiz - December, 2020

Notes:
Based on the shadow of the earth falling on the moon, the lunar eclipse is classified into three categories. Full, Partial or Penumbral Lunar Eclipse.
The Penumbral Lunar Eclipse occurs when the moon passes through the outer shadow of the earth. The last full moon occurring in November, before the winter solstice, is also called as the ‘Beaver moon’, named after Beavers, the rodents found in temperate regions.

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:
The Petrodava Dacian Fortress is the oldest historical monument located in Piatra Neamt city, Romania. The fort was built around 82 BC and AD 106 by the Dacian people in ancient Europe.
Days after the first mysterious metal monolith disappeared in a remote, uninhabited desert in Utah, USA, a second similar structure has been spotted in Romania, a few metres away from the fortress. The monolith which disappeared and appeared again was a triangular, shiny pillar.

Notes:
The France’s new security bill makes it an offence to show the face or identity of any Police Officer on duty with the aim of damaging the officer’s integrity. The offence would make the convict liable of one-year imprisonment.
This proposed amendment is protested by many people in France and is seen a curtail of press freedom. It is feared by many that this law would increase police brutality on civilians.

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:
Pune City Police has recently inaugurated the ‘Balsnehi (Child-Friendly) Police Station’, on the premises of Lashkar Police Station in Pune Camp.
The Police Station has a room designated for children, who would come to report cases to the station. It also aims to create a set-up to rehabilitate children in need. Earlier, a Child-friendly Police Station was set up in Krishna District on the premises of Machilipatnam.

Notes:
‘737 MAX’ is the best-selling airliner of US-based leading multi-national aerospace company Boeing. It was grounded in March 2019 after two crashes in five months killing a total of 346 people.
The redesigned version of the ‘737 MAX’ airliner has recently staged its first post-grounding flight with media on board. It made a 45-minute flight from Texas to Oklahoma in the US. The flight’s first commercial passenger flight is scheduled in the month-end of December.

Notes:
Recently, the state Government of Jharkhand has accepted the Union Government’s alternative offer to meet the GST compensation shortfall for States. By this, all states and 3 UTs have joined the option 1.
To compensate the shortfall in GST, the central government has proposed two options – First, States can borrow ₹1.1 lakh crore out of the estimated ₹ 2.35 lakh crore shortfall or second, states could borrow the entire compensation shortfall through the issue of market debt.

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.

Notes:
The People’s Bank of China has stated that the country’s monetary policy and key price setting would be based on Depository-Institutions
Repo Rate or DR Rate. China has introduced a Variable Interest Rate Bond, which is linked to the DR. This step is aimed to improve the pricing mechanism for financial institutions and markets.