Current Affairs Quiz - December, 2021

Notes:
Max Verstappen recently became the first Dutchman ever to win the Formula One world championship title.
He achieved this feat when he won a dramatic season-ending Abu Dhabi Grand Prix at the Yas Marina circuit. The 24-year old is a Belgian-Dutch racing driver, who has been contesting since 2015.

Notes:
“Q-Commerce” stands for “Quick commerce”, which essentially involves delivering customer orders faster than it does currently, by setting up micro-warehouses located closer to the point of delivery.
Online grocer Grofers has rebranded itself “Blinkit”, with a focus on “quick commerce”. Grofers decided to change its business model from the conventional grocer model to the quick-commerce model.

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:
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:
UNHCR, the UN Refugee Agency, is co-hosting the Global Refugee Forum together with Switzerland.  The first follow-up to the Global Refugee Forum has started.
The two-day virtual event will be opened by the President-elect of the Swiss Confederation, Ignazio Cassis and the UN High Commissioner for Refugees, Filippo Grandi. The meeting commences on UNHCR’s 71st anniversary, on December 14. The next Global Refugee Forum will be held in 2023.

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:
Former US President Barack Obama has retained his position at the most admired man in the world as per an international survey carried out by YouGov.
For this survey, 42,000 people from 38 countries were asked who they admired most. Bill Gates is in second spot among men while Chinese President Xi Jinping is on third place. India’s Prime Minister Narendra Modi was listed as 8th most admired man. Among women, Michelle Obama bagged the top spot.

Notes:
The Union Cabinet approved the implementation of Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) for 2021-26 with an outlay of Rs.93,068 crore. PMKSY was launched in 2015-16.
The three components: Accelerated Irrigation Benefit Programme (AIBP), Har Khet ko Paani (HKKP) and Watershed Development components have been approved for continuation during 2021-26.  AIBP is implemented by Ministry of Jal Shakti; Per Drop-More Crop and Micro Irrigation scheme of Agriculture Ministry and Watershed Development by Rural Development Ministry.

Notes:
The Research Design and Standards Organization (RDSO), Ministry of Railways has been the first organisation to be Bureau of Indian Standards, under the BIS scheme of Standards Development Organizations (SDOs).
As per BIS Act 2016, BIS is empowered recognize or accredit any institution in India or outside which is engaged in standardization.