Current Affairs Quiz - June, 2020

Notes:
Swiss Tennis legend Roger Federer has been ranked at the top spot in the annual Forbes ranking of highest-paid athletes.
As per the magazine, the total earning of Federer amounts to USD 106.3 million. He is the winner of record 20 Grand Slam singles titles, the prize money of which gave him USD6.3 million. Federer is followed by the football trio in next three ranks: Cristiano Ronaldo, Lionel Messi and Neymar. Two female Tennis stars Naomi Osaka and Serena Williams were found in the top-100 list.

Notes:
Bobby Joe Morrow, veteran athlete from the United States, recently passed away at the age of 84. The sprinter had won three gold medals in the 1956 Melbourne Olympics.
Bobby Morrow won the 100 and 200 meters in Melbourne Olympics and was a crucial part of the winning 400 relay team of the US and helped the relay team set a world record. He was honoured as “Sportsman of the Year” by Sports Illustrated. He won the AAU’s James E. Sullivan Award and was also inducted into the National Track and Field Hall of Fame in 1989.

Notes:
World Milk Day is celebrated on June 1, every year across the world. The first World Milk Day was held in the year 2001.
The Food and Agriculture Organisation (FAO) of the United Nations chose June 1 as the World Milk Day, to highlight the role of milk and to publicise activities connected with milk and the milk industry. This year, the overarching theme is the “20th Anniversary of World Milk Day”. A virtual campaign rally named ‘Enjoy Dairy Rally’ was held from May 29-31.

Notes:
Global credit ratings agency Moody’s Investors Service has currently degraded India’s foreign currency and local currency long-term issuer ratings to Baa3.
The agency had previously rated India’s ratings as Baa2. The reason for the downgrade of ratings was the high challenges to be faced by the policy-making institutions in enacting and implementing policies for sustainable growth in the country. Moody’s had upgraded India’s ratings to Baa2 in November 2017.

Notes:
Union Minister for Electronics and IT Ravi Shankar Prasad has launched three major schemes to boost manufacture of electronics in the country.
Production Linked Incentive Scheme (PLI) aims for large-scale electronics manufacturing. Other two schemes namely Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS) and Modified Electronics Manufacturing Clusters (EMC 2.0) Scheme were also launched. This will generate manufacturing of electronics components worth Rs 10 lakh crore by 2025.

Notes:
Veteran filmmaker and screen-writer Basu Chatterjee, passed away recently due to age related illness, at 93 years.
The film maker was known for his critically acclaimed films such as ‘Chhoti Si Baat’, ‘Baaton Baaton Mein’, ‘Ek Ruka Hua Faisla’ and ‘Rajnigandha’ among others. He was famous among the middle-class audience in the 70s for his unique film -making.

Notes:
United Kingdom recently hosted the Global Vaccine Summit, which was held virtually due to the restrictions involved amidst the Covid-19 pandemic.
Indian Prime Minister Narendra Modi attended the conference and pledged $15-million as India’s contribution to the vaccines alliance GAVI. The British Prime Minister earlier urged all nations to pledge funds for vaccinations to save the lives of people across the world from outbreaks of infectious diseases in future.

Notes:
Seasoned banker and Managing director and CEO of Kotak Mahindra Bank, Uday Kotak has recently assumed office as the president of the Confederation of Indian Industry (CII) for 2020-21.
As per the chamber, Uday Kotak takes over from the present Chairman and Managing Director of Kirloskar Systems, Vikram Kirloskar. The MD and CEO of Tata Steel, T V Narendran is now the President designate of CII for 2020-21.

Notes:
Leading Private sector bank of India, Axis Bank has recently partnered with Mastercard India and payment service provider, Worldline India to launch a digital point-of-sale solution named as ‘Soft POS’.
The solution aims to assist offline merchants and local kirana stores in accepting payments using their smartphones, through several digital form factors including Bharat QR, sending payment links to customers etc. It can accept NFC-based payments to boost contactless payments in the country and features like e-Khata for reconciliations.

Notes:
The Reserve Bank of India recently announced that it would set up a Payment Infrastructure Development Fund (PIDF) of Rs 500 crore.
The fund has been created to promote the digital payment ecosystem across the country including deployment of Point of sale (PoS) infrastructure. The Reserve Bank made an initial contribution of Rs 250 crore, while the remaining fund will be provided by the card issuing banks and card networks.