Current Affairs Quiz - December, 2020

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 state-owned PSU Hindustan Aeronautics Limited (HAL) has delivered a cryogenic propellant tank (C32 LH2) to the Indian Space Research Organisation (ISRO).
The component has been delivered by HAL much ahead of its scheduled delivery time. This is supposed to be the biggest ever component fabricated by HAL and is to be used in GSLV Mk 3 launch vehicle.

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 Municipal Bonds issued by Lucknow Municipal Corporation has been listed in the Bombay Stock Exchange (BSE).
The bonds amount to Rs.200 crore and offer 8.5 per cent interest per annum with a tenure of 10 years. Lucknow joins the 8 other smart cities whose Municipal Bonds have been listed in stock exchanges.

Notes:
Facebook-backed Libra cryptocurrency has been renamed as “Deim” which means “Day” in Latin.
The Libra Association has made this decision in order to gain approval from regulators and to increase its publicity. The new Deim crypto currency is proposed to be launched in early 2021, which would be backed by USD.

Notes:
The Parliament of Australia has recently passed a legislation that permits the country to block any agreement made between the country and a foreign government.
The legislation empowers foreign minister to veto any international agreement that are inconsistent with the foreign policy of Australia or is seen to affect Australia’s interest.

Notes:
CLMV countries are Cambodia, Laos, Myanmar and Vietnam. They are also the members of the Association of South East Nations (ASEAN).
During the Inaugural Session of the 6th India – CLMV Business Conclave 2020, India invited the CLMV countries to join the International Solar Alliance and the Resilient Supply Chain Initiative by India.

Notes:
Leading space start-up Pixxel has signed an agreement with the NewSpace India Limited (NSIL) to launch the country’s first private remote-sensing satellite.
The satellite is to be launched on an ISRO PSLV rocket in early 2021. Earlier, regulatory body under the Department of Space called ‘IN-SPACe’ was established to enable private players undertake space activities in India.

Notes:
Chinese scientists have developed a quantum computer named Jiuzhang. China has claimed it to be the world’s first light-based quantum computer.
It is said that the computer can solve extremely esoteric calculations called Gaussian boson sampling in 200 seconds, which a conventional supercomputer would take 600 million years to provide result.

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.