Current Affairs Quiz - December, 2020

Notes:
Japan’s spacecraft named ‘Hayabusa2’ is approaching the Earth after a year-long journey from an asteroid Ryugu, about 300 million kilometers from earth.
As per the Japan Aerospace Exploration Agency, the spacecraft will bring soil samples and data that could provide clues to the origins of the solar system and life on Earth. The agency would drop the capsule containing the samples, in southern Australia.

Notes:
Four Indian Boxers who are bound to appear for the forth coming Olympics have been included in the Target Olympic Podium Scheme (TOPS).
The TOPS scheme is launched by the Ministry of Sports and is implemented through the Sports Authority of India. Through the scheme, potential Medal winning athletes and sports personalities are identified for the forthcoming Olympic games.

Notes:
December 2 is observed as National Pollution Control Day every year, in the memory of those who lost their lives in the Bhopal Gas tragedy and to create awareness on environment pollution.
Bhopal Gas tragedy, one of the biggest industrial pollution disasters of the country, occurred on the night of December 2nd and 3rd, 1984. Many people died due to the leakage of the poisonous gas Methyl Isocyanate.

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 Reserve Bank of India (RBI) has recently directed HDFC Bank to temporarily halt all its digital launches and new sourcing of credit card customers.
The country’s largest private sector lender has been asked to stop the digital launches as the bank had faced technical glitches in the past two years. RBI also asked the bank’s board to examine the lapses and fix accountability.

Notes:
The Central Board of Indirect Taxes and Customs (CBIC) has mandated to mention the 8- digit HSN code or tariff code for 49 chemical-based products.
The HSN (Harmonised System of Nomenclature) code should be mentioned while issuing the Goods and Services Tax (GST) invoice. At present, businesses mention up to 4-digit tariff code, while issuing invoice. This new direction is expected to curb tax evasion.

Notes:
Indian Gas Exchange (IGX) was launched in 2020 as India’s first automated national-level trading platform for physical delivery of natural gas.
IGX is a wholly-owned subsidiary of the Indian Energy Exchange (IEX). Recently, IGX obtained all necessary approvals as per the provisions of the Petroleum and Natural Gas Regulatory Board (Gas Exchange) Regulations, 2020. It becomes the first regulated Gas Exchange of the country.

Notes:
The Chief Minister of Madhya Pradesh Shivraj Singh Chouhan has made an announcement to construct a memorial for the Bhopal Gas Tragedy victims.
Nearly 3700 people were killed due to the leak of methyl isocyanate (MIC) gas from Union Carbide factory at Bhopal on December 3, 1984.

Notes:
The People’s Bank of China has stated that the country’s monetary policy and key price setting would be based on Depository-Institutions
Repo Rate or DR Rate. China has introduced a Variable Interest Rate Bond, which is linked to the DR. This step is aimed to improve the pricing mechanism for financial institutions and markets.

Notes:
The National Green Tribunal (NGT) has directed the Odisha government to prepare an action plan within three months on 14 identified elephant corridors.
The State government had proposed 14 corridors, for providing stress-free migration to elephants from one habitation to another in the state. The 870 sq km-area proposal did not record any progress and so NGT issued directions to the state.