Current Affairs Quiz - December, 2021

Notes:
‘Swarnim Vijay Parv’,  being celebrated to commemorate 50 years of India’s historic victory in the 1971 war and the Indo-Bangladesh friendship.
Union Minister Rajnath Singh attended an event on the occasion of ‘Swarnim Vijay Parv’. A pre-recorded message of Late CDS General Bipin Rawat was broadcast at the event. At the event, major weapons used during the 1971 war were displayed along with snippets of major battles.

Notes:
Embassy of India in Madagascar organized the monthly literary program LaLitTana. It was held in a virtual platform for the first time due to the Omicron spread.
The event witnessed Malagasy and Indian poets reading their translations of poems to each other. The event was attended by several Indian poets. The Indian ambassador to Madagascar & Comoros Abhay Kumar highlighted that the Malagasy language has about 300 Sanskrit words.

Notes:
The Asian Development Bank trimmed its 2021 growth forecast for India to 9.7% from the earlier estimate of 10.0% made in September. However it left the 2022 growth forecast unchanged at 7.5%.
The growth forecasts for developing Asia for this year and next were also slashed to 7.0% and 5.3%, in order to reflect risks and uncertainty brought by the new Omicron coronavirus variant.

Notes:
Parker Solar Probe of NASA has successfully flown through the Sun’s upper atmosphere, the corona. It is an extreme environment that’s roughly 2 million degrees Fahrenheit.
The probe has sampled particles and magnetic fields from the corona. A key instrument on board the probe, the Solar Probe Cup, collects particles from the Sun’s atmosphere. the outer boundary, which scientists call the Alfven point.

Notes:
For the first time in European Union, Malta has become the first country to legalise cannabis at home and for personal use.
Under the new law of Malta, people aged 18 and above will be allowed to have up to seven grams of cannabis and grow up to four plants at home. But consuming cannabis in public remains illegal and punishable by a fine. The new law is set to go to the President for approval.

Notes:
The Reserve Bank of India (RBI) introduced a prompt corrective action (PCA) framework for large non-banking financial companies (NBFCs).
The PCA framework for NBFCs comes into effect on October 1 next year on the basis of their financial position on or after March 31. NBFCs not taking deposits and with an asset size of less than Rs 1,000 crore, primary dealers, government-owned NBFCs, and housing finance companies are exempt from this framework.

Notes:
India’s leading public sector bank “bob World Wave” has launched a solution for digital banking payments, named bob World Wave.
The bob World Wave is a wearable device, which will allow customers to monitor their Sp02, body temperature, heart rate and blood pressure. BoB has partnered with NPCI to offer the wearable payment solution.

Notes:
Researchers at IIT Delhi’s Kusuma School of Biological Sciences have developed an RT-PCR based kit for detection of the Omicron (B.1.1.529.1) variant of SARS-CoV-2.
The assay is based on detecting specific mutations, which are present in the Omicron variant and absent in other currently present variants of SARS-CoV-2. Globally, the detection of the Omicron variant requires over 3 days.

Notes:
India launched the supersonic missile assisted torpedo system developed by Defence Research and Development Organisation (DRDO).
The next-generation missile-based standoff torpedo delivery system was launched from Wheeler Island in Odisha, from a ground mobile launcher. Several DRDO labs were involved in developing the missile system.

Notes:
The Government of India has decided to notify the Najafgarh Jheel, which is the second largest water body in Delhi-NCR as a transboundary wetland for its restoration and rejuvenation.
Najafgarh Jheel is fed by Sahibi River and was a vast lake in south west Delhi and was connected to the river Yamuna by a drain called the Najafgarh nullah.