Current Affairs Quiz - November, 2020

Notes:
The Airports Authority of India (AAI) is a statutory body working under the Ministry of Civil Aviation. It was founded in 1995 and is headquartered in New Deli.
Airports Authority of India (AAI) commenced Aviation Safety Awareness Week 2020 from 23rd November to 27th November 2020. It is being observed at all airports and Airport Navigation Service (ANS) locations managed by AAI across India.

Notes:
Air India One is the call sign for the Air India One-B777 VVIP aircraft used by the President, Vice President and Prime Minister.
Recently, the first flight of the Air India One-B777 aircraft was inaugurated with the Indian President Ramnath Kovind onboard. The aircraft is more fuel efficient and has a longer range than the previous B747-400 aircraft. It also has state-of-the-art missile defence systems.

Notes:
Veteran Indian-American physician Ajay Lodha has passed away due to complications from Covid-19, at the age of 58, in the United States.
He is the former President of American Association of Physicians of Indian Origin (AAPI). The physician has received several honours including the Ellis Island Medal of Honour in 2016. He was known for his contribution to the diaspora in the U.S, especially the Rajasthani community.

Notes:
The tenth edition of the National Science film festival has been inaugurated in the state of Tripura. The festival will be held in virtual mode.
VigyanPrasar, an autonomous agency under the Department of Science and Technology, has been organizing this festival. This year, Vigyan Prasar is collaborating with the Tripura State Council of Science and Technology. As many as 372 films in different languages have been received.

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:
A memorandum of understanding (MoU) was signed by the Small Industries Development Bank of India (Sidbi) with the Tamil Nadu government to develop the ecosystem for micro, small and medium enterprises (MSMEs) in the state.
Under the MoU, Sidbi will deploy a project management unit (PMU) in the government of Tamil Nadu. It will undertake the process of designing the training and capacity-building programmes to be taken up by the state government in areas.

Notes:
China has removed the last remaining counties (regions) from a list of 832 extremely poor regions, drawn up in the year 2014.
China also announced that it has lifted 93 million people out of poverty since 2013. China sets its own national standard of extreme poverty, based on a per capita income threshold of 4,000 yuan per year, or around USD 1.52 per day, and other social factors.

Notes:
Ministry of Youth Affairs & Sports has restored the government recognition to Archery Association of India as a National Sports Federation.
In the year 2012, the Government recognition of AAI was withdrawn, on failure to conduct its elections in accordance with the National Sports Code. In 2020, AAI conducted elections again and elected Tribal Affairs Minister Arjun Munda as President. AAI now has the recognition of Indian Olympic Association and the World Archery.

Notes:
India and Finland recently signed an MoU for developing cooperation in the field of Environment protection and biodiversity conservation.
The MoU also seeks to exchange best practices in areas like prevention of air and water pollution, waste management, and promotion of circular economy. Environment Minister Prakash Javadekar signed the MoU virtually with his Finnish counterpart.

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.