Current Affairs Quiz - November, 2020

Notes:
Life Insurance Corporation of India has launched a digital application named ‘ANANDA’, which is an acronym for Atma Nirbhar Agents New Business Digital Application.
Using the Digital application, life insurance policy can be applied through a paperless module with the help of the agent or intermediary. The application is developed based on paperless KYC process using Aadhaar-based e-authentication.

Notes:
RE-INVEST (Renewable Energy Investors Meet & Expo) is organised by the Union Ministry of New and Renewable Energy (MNRE), to promote investment in renewable energy.
The 3rd edition of the Meet is scheduled to be held from November 26 to 28, 2020 with the theme of ‘Innovations for Sustainable Energy Transition’. Prime Minister Narendra Modi will inaugurate the virtual meeting. The first two editions were held in 2015 and 2018.

Notes:
Union Cabinet has recently approved the merger of Lakshmi Vilas Bank (LVB) with DBS Bank India. The Reserve Bank of India had earlier proposed the merger of the private sector lender with the Indian arm of Singapore’s DBS Bank.
It also placed LVB under one-month moratorium and capped withdrawals for depositors. As a part of the amalgamation, DBIL will infuse fresh capital of Rs 2,500 crore into LVB.

Notes:
India has recently announced the launch of Phase-IV of the High Impact Community Development Projects in Afghanistan.
External Affairs Minister S Jaishankar announced this during the 2020 Afghanistan Conference organized in Geneva, co-hosted by the United Nations, the Government of Afghanistan, and the Government of Finland. India would undertake over 100 projects worth 80 million dollars in Afghanistan.

Notes:
The Honey FPO Programme of National Agricultural Cooperative Marketing Federation of India Limited. (NAFED) has been inaugurated by Minister of Agriculture and Farmers’ Welfare Narendra Singh Tomar.
Beekeeping will be promoted as an occupation for unemployed women and tribal populations, through these Honey FPOs. A new Central Sector Scheme for Formation & Promotion of new 10,000 FPOs was launched and 2200 FPO clusters for 2020-21 are already allocated.

Notes:
Under a new law approved by the Saudi Arabia’s King Salman bin Abdulaziz al-Saud, the Saudi Arabian Monetary Authority will be renamed to Saudi Central Bank.
However, the Central Bank will continue to use its acronym “SAMA” due to its historic significance and relevance. The new law also mandates the objectives of the Central Bank to maintain monetary stability, support economic growth and to directly report King of Saudi Arabia.

Notes:
Several groups of farmers from Punjab, Haryana and other parts of the country, demanding the repeal of the new agriculture reform laws passed by the Union Government, are holding protests under the name of ‘Delhi Chalo’.
The farmers were granted permission to hold peaceful protests at Nirankari Ground in North west Delhi. As per the farmers, the new agriculture laws will dismantle the minimum support price (MSP) system.

Notes:
The state Government of Kerala has announced a two-day mourning in the state, to mark respect for the Foot Ball legend Diego Maradona, who passed away recently.
Diego Maradona was a professional football player belonging to Argentina. He has won the most prestigious “FIFA Player of the 20th Century award” and is recognised as the greatest football players of all times.

Notes:
The Government of India has recently reduced the import tax on crude palm oil from 37.5% to 27.5%. This step has been made by the Government to bring down food inflation.
India is the world’s largest importer of palm oil and it imports nearly 9 million tons of palm oil every year from Indonesia and Malaysia predominantly.

Notes:
As per International Air Transport Association’s (IATA), recent report, China’s Shanghai has become the world’s most connected city, replacing London from the top spot.
According to the IATA, London has witnessed a 67% fall in air connectivity due to the prevalent COVID 19 pandemic. With Shanghai added to the top list, world’s four most connected cities are now in China.