Current Affairs Quiz - December, 2020

Notes:
The Indian Council for Medical Research (ICMR) has approved the Dry Swab RT-PCR for COVID-19 testing, which was developed by CSIR’s Centre for Cellular and Molecular Biology, Hyderabad.
In this simple and fast method, nasal swab is collected and transported in dry state, as against the using the viral transport medium used in conventional testing. It does not require RNA isolation from the sample.

Notes:
China’s first domestically made nuclear reactor ‘Hualong One’, has started its operations, as per the China National Nuclear Corp (CNNC).
The third-generation pressurised water nuclear reactor has been connected to the national grid. The reactor can generate 10 billion kw-hours of electricity each year and cut carbon emissions by 8.16 million tons. This is expected to reduce China’s dependency in nuclear power from its western allies.

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:
‘Day of Remembrance for all Victims of Chemical Warfare’ is observed on November 30 every year, across the world.
United Nations observes the day to pay tribute to millions of lives lost round the globe in the wake of chemical warfare. ‘Organisation for the Prohibition of Chemical Weapons’ (OPCW) is the implementing body for Chemical Weapons Convention. It is headquartered at the Hague, Netherlands.

Notes:
Dubbed as the “world’s loneliest elephant”, the 36-year-old bull elephant at Islamabad zoo has been shifted to a Cambodian sanctuary.
This step is taken after years of outcry of public and activists and recent campaigning by American pop star Cher. Kaavan is the only Asian elephant in Pakistan, where the elephants at other zoos are African. Kaavan’s mate Saheli, who arrived from Sri Lanka, died in the year 2012.

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:
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 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:
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:
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.