Current Affairs Quiz - July, 2021

Notes:
A heavy monsoon has led to flash floods in Bhagsunag area and lower Dharamsala regions of Himachal Pradesh. A massive landslide has been reported in Boh valley located about 30 kms from Dharmsala.
Additionally, an earthquake of 3.6 magnitude has also occurred near Shimla of the state at a depth of 10 km from the mean sea level.

Notes:
A rare case of monkeypox was detected in Texas, in the United States, as per the Centers for Disease Control and Prevention (CDC).
Monkeypox belongs to the same family of viruses as smallpox. It induces flu-like symptoms, swelling of the lymph nodes and rashes. Scientists have discovered two distinct genetic groups of monkeypox virus—Central African and West African. The first case of monkeypox in humans was recorded in 1970 in the Democratic Republic of Congo.

Notes:
The Indian Navy has received two MH-60R multi-role helicopters from the US. The Indian Navy formally received the choppers from the US Navy in a ceremony held at a naval air station in San Diego.
The helicopters were manufactured by Lockheed Martin Corporation. They are all-weather helicopters, which are designed to support diverse missions with modern avionics and sensors.

Notes:
The Government of India has hiked the foreign direct investment (FDI) limit in pension fund management under the national pension system (NPS) from 49% to 74%. This move is expected to make more players available in this sector.
Presently the 4 out pension fund managers of NPS – HDFC Pension Management, ICICI Prudential Pension Funds, Kotak Mahindra Pension Fund and Aditya Birla Sun Life have significant foreign investments in them.

Notes:
The Insolvency and Bankruptcy Board of India (IBBI) was established in the year 2016, under the Insolvency and Bankruptcy Code, 2016.
Recently, IBBI has made amendments to the “Insolvency Resolution Process for Corporate Persons Regulations”, under which, resolution professional should submit his / her opinion on avoidance transactions made by a corporate debtor (undervalued transactions, extortionate credit transactions, fraudulent trading, wrongful trading etc).

Notes:
Jezero is a crater on Mars in the Syrtis Major quadrangle, with a diameter of about 49 km. NASA is making final preparations for its Perseverance Mars rover to collect its first-ever sample of Martian rock.
It also has future planned missions to transport the sample to the Earth. The six-wheeled rover is searching for a target in a part of Jezero Crater called the “Cratered Floor Fractured Rough.” This mission is expected to begin within the next two weeks. Perseverance landed in Jezero Crater on February 18, this year.

Notes:
The Union Cabinet approved the establishment of a central university in Ladakh, at a cost of Rs 750 crore.
The jurisdiction of this university will cover the regions of Leh and Kargil. The Education Ministry is expected to bring two amendments to the Central Universities Act, 2009 for this matter. The government has identified a location near village Khaltsi, which is located between Leh and Kargil.

Notes:
World’s first 3D-printed steel bridge was opened to the public in Amsterdam recently. It was developed by MX3D, a Dutch robotics company, in collaboration with a team of experts.
The bridge was unveiled by Her Majesty Queen Máxima of the Netherlands. The bridge was developed for four years and was installed over one of the oldest canals in Amsterdam’s city centre – the Oudezijds Achterburgwal. This bridge represents a major milestone for 3D-printing technology.

Notes:
The set of reforms introduced and implemented in India in the July 1991 for a major macroeconomic stabilization and structural adjustment in Indian economy is called as the 1991 reforms.
It was undertaken when PV Narasimha Rao was the Prime Minister of the country, following a major Balance of Payment Crisis in India. July 2021 marks 30 years of implementation of the reforms, more commonly referred as the LPG reforms.

Notes:
China’s east Zhejiang province has been worst affected by the Typhoon In-Fa which has made its landfall here recently. The land fall associated rains have triggered large scale floods in the region, which has led to several deaths. This is the 6th typhoon in this region during 2021.
Recently, China has also been affected with torrential rains that have affected about three million people, which was never witnessed in the last 1000 years.