Current Affairs Quiz - December, 2020

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 Government of Singapore has allowed a US-based start up to sell lab grown chicken meat in the country.
The meat is generated from animal tissues in laboratories. This is the world’s first regulatory approval for lab-grown meat also called as cultured meat. Its production cost is higher compared to the original meat.

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:
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:
The Special Borrowing Window to make good the GST Compensation Cess shortfall is operationalised by the Union Finance Ministry.
All states and 3 Union territories have opted for the “option 1”, under which centre has set up the special borrowing window under which the Government would borrow funds to be passed on to the states.

Notes:
The Government of Denmark has made a land mark decision to phase out all its oil & gas exploration activities by the year 2025.
This decision has been seen as significant step by the nation to combat climate change. The country is presently is a major oil producer carrying out oil exploration in the North Sea.

Notes:
The Government of India is set to inaugurate the construction of 1st phase of Agra Metro. The first phase of the metro would connect Sikandra to Taj Gate.
The estimated project cost for the first phase construction is Rs.8379 crore. It would have 6 stations, with three elevated and three underground stations.

Notes:
The famous stone chariot in front of the Vijaya Vittala Temple in the UNESCO World Heritage site of Hampi, has been covered by a protective ring by the Archaeological Survey of India (ASI).
This chariot is among three famous stone chariots in India while the other two are in Konark, Odisha, and Mahabalipuram, Tamil Nadu. Hampi chariot, was built during the dynasty of Vijayanagara rulers who ruled from 14th to 17th century CE.

Notes:
The Chinese space agency has recently launched an optical stereo mapping Earth Observation satellite named Gaofen-14.
The satellite was placed in its designated orbit using Long March-3B carrier rocket. The satellite can capture high resolution images of ground objects across the globe.

Notes:
In its Global Economic Outlook, the Fitch ratings has raised India’s GDP forecast to -9.4 per cent in the current fiscal year.
Earlier, Fitch had estimated that Indian economy would contract by 10.5 per cent in current fiscal 2020-21. Now, the firm says that the outlook is brighter due to an expected rollout of vaccines in 2021.