Current Affairs Quiz - December, 2020

Notes:
US based- Merriam-Webster, known for its dictionaries, has recently announced ‘pandemic’ as its 2020 word of the year.
As per the company, when the World Health Organisation declared the novel coronavirus outbreak a global pandemic on March 11, the searches on the site for ‘pandemic’ rose hugely. The word has roots in Latin and Greek. It is a combination of pan, meaning all, and demos, meaning people.

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:
The Union Minister of Environment, Forest and Climate Change Prakash Javadekar has recently launched a portal named India Climate Change Knowledge Portal.
The portal would contain all major initiatives taken by the Government of India address the climate change and environment related issues. The portal is expected to be a single point of information regarding climate change initiatives.

Notes:
Small Industries Development Bank of India (SIDBI) has recently launched an asset restructuring web module for the Micro Small and Medium Enterprises (MSME).
The module named ARM-MSME would assist MSMEs to get benefitted from RBI’s MSME restructuring guideline. MSMEs will be able to prepare restructuring proposals by inputting only the most essential data. This service is being offered by SIDBI at no cost to the MSMEs.

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:
Manila-based Asian Development Bank has signed a USD 50-million policy-based loan for the West Bengal Public Finance Management Investment Programme.
The loan aims to improve financial management and operational efficiencies of the state. A centre for fiscal policy and public finance will be established along with a web-based grievance redressal system for transport corporations and urban local bodies.

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:
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 Ministry of Home Affairs has released the rank list of best performing police stations in India.
Nongpok Sekmai Police station in Manipur has topped the list which is followed by the All Women Police Station (AWPS) Suramangalam in Salem of Tamil Nadu. Most of the Police stations in the list are located in South India and in North Eastern India.

Notes:
As per the Union Ministry of Finance, the Indian Economy is registering a V Shaped recovery of GDP. This was expressed in the latest Monthly Economic Review.
The contraction of GDP in Q1 of current financial year was 23.9% where as the economy has contracted by 7.5 % in Q2. Maximum growth is registered by Agriculture sector followed by Construction.