Current Affairs Quiz - December, 2020

Notes:
The Central Government has decided to forego interest on eight specified categories of loans paid up to Rs two crore, on account of Covid-19 pandemic.
The Supreme Court of India has directed the government again to take steps to forego the interest in eight categories of loans, namely MSME, Education, Housing, Consumer durable, Credit card, Automobile, Personal and Consumption.

Notes:
‘International Day of Solidarity with the Palestinian People’ is observed every year on November 29, across the world.
The day was established in the year 1977 and it marks the day in 1947 when the UN General Assembly adopted a resolution partitioning Palestine into an Arab State and a Jewish State. The UN Chief called on Israel and Palestine to achieve a two-State solution.

Notes:
Based on the shadow of the earth falling on the moon, the lunar eclipse is classified into three categories. Full, Partial or Penumbral Lunar Eclipse.
The Penumbral Lunar Eclipse occurs when the moon passes through the outer shadow of the earth. The last full moon occurring in November, before the winter solstice, is also called as the ‘Beaver moon’, named after Beavers, the rodents found in temperate regions.

Notes:
The Union Minister for Tribal Affairs Arjun Munda has launched a virtual edition of the first ever Aadi Mahotsav celebrated in the state of Madhya Pradesh.
This is a festive being celebrated for 10 days. It would be hosted by Tribes India. The key focus on this year’s Aadi Mahotsav is “tribal craft and culture of Madhya Pradesh”.

Notes:
India and the United States attended the inaugural meeting of the Counter-narcotics Working Group (CNWG), in virtual mode.
Indian delegation was represented by the Deputy Director General of Narcotics Control Board, Ministry of Home Affairs. The two countries also agreed to improve their data sharing operations to fight the production, distribution, and export/import of drugs and related chemicals.

Notes:
As per the provisional 2020 State of the Global Climate report released by U.N.’s World Meteorological Organization (WMO), the last 6 years from 2015 to 2020 are the hottest years on record.
The report has stated that the average global temperature in 2020 would be 1.2 degrees Celsius above the pre-industrial level

Notes:
Microsoft India and the National Skill Development Corporation (NSDC) have partnered for the India edition of the Microsoft Imagine Cup 2021.
Imagine Cup is an annual innovation challenge held by Microsoft for students and technology enthusiasts. It aims to empower students to apply artificial intelligence and other technologies to solve the sustainability issues of the world.

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:
The Supreme court on Thursday upheld that the Goods and Service Tax (GST) shall be imposed on the sale of lotteries, betting and gambling.
The Bench also highlighted that the GST Act, 2017 defines the goods to include ‘actionable claims’ and included only three categories of such claims namely lottery, betting and gambling, to levy GST. Actionable claim is the claim for a debt related to any benefit from unpossessed movable property and for which relief can be claimed in civil court.

Notes:
In 2019, the United Nations General Assembly designated December 4 as the International Day of Banks. It is celebrated for the first time in 2020.
The day is celebrated to recognise the importance of multilateral development banks and international development banks in financing sustainable development. It also recognises the role of the banking systems in improving the standard of living.