Current Affairs Quiz - December, 2020

Notes:
The Central Government has decided to forego interest on eight specified categories of loans paid up to Rs two crore, on account of Covid-19 pandemic.
The Supreme Court of India has directed the government again to take steps to forego the interest in eight categories of loans, namely MSME, Education, Housing, Consumer durable, Credit card, Automobile, Personal and Consumption.

Notes:
The 4th Trilateral Meeting on Maritime Security Cooperation between India, Sri Lanka, and Maldives was hosted by Sri Lanka.
It was held in Colombo and India was represented by the National Security Advisor Ajit Doval. The earlier such meetings were held in Maldives (2011), Sri Lanka (2013) and in India (2014).

Notes:
Every year, November 27th is observed as Indian organ donation day by the Government of India. This year marks the 11th Organ Donation Day event.
Tamil Nadu received the ‘Best State award’ for organ donation, by the National Organ and Tissue Transplant Organisation of the Union Ministry of Health and Family Welfare. This is the sixth consecutive year of the state receiving the award.

Notes:
As per the recent statement, India recorded the highest reduction in Malaria cases, in the South-East Asian region.
As per the ‘World Malaria Report 2020’, India reduced the number of cases from 20 million in 2000 to about 5.6 million in 2019. India also recorded a reduction in the number of deaths from malaria. Globally there were 229 malaria cases in 2019.

Notes:
The birth anniversary of the first Sikh guru, Guru Nanak is celebrated as the Guru Nanak Dev Gurpurab, commonly called as ‘Gurupurab’.
On this occasion, a book titled ‘Prime Minister Narendra Modi and his Government’s Special Relationship with Sikhs’ was launched. It is published by Ministry of Information and Broadcasting and was released in English, Hindi and Punjabi languages with the messages of Guru Nanak.

Notes:
Indian Oil Corporation (IOC) has recently launched the nation’s first 100 Octane petrol. Union Oil Minister Dharmendra Pradhan launched the petrol.
The 100-octane petrol also called as XP100 premium petrol will be initially available at select outlet of IOC in 10 cities. The fuel is manufactured at IOC’s Mathura refinery in Uttar Pradesh. Hindustan Petroleum Corporation Ltd (HPCL) had earlier launched Octane 99. Higher the octane number of a fuel, higher will be its compression and performance.

Notes:
The United Kingdom has become the first nation in the world to approve coronavirus vaccine made by Pfizer – BioNTech.
The country’s medical regulator has given a nod for commercial production and mass vaccination. The vaccine is said to offer 95% protection against Covid disease. The country aims to produce 8 lakh doses in the next few days.

Notes:
The United States has issued an order to ban the cotton and cotton products from the Xinjiang Production and Construction Corps (XPCC), one of the largest producers of China.
The U.S. Customs and Border Protection agency issued “Withhold Release Order” to increase economic pressure on the Xinjiang region. US cites the reason for the ban as ‘slave labour’ of detained Uighur Muslims used by China.

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.