Current Affairs Quiz - October, 2020

Notes:
The President of United States of America Donald Trump has announced its plans to distribute 150 million “15 minute” rapid Covid-19 test kits in the coming weeks.
Out of these 50 million test kits would be used for most vulnerable communities of the country, like nursing homes, assisted living facilities etc.

Notes:
SBI Cards and American Express have entered into a strategic partnership. This partnership will allow SBI Card’s premium products – SBI Card ELITE and SBI Card PRIME to be available on American Express global network.
It would offer enhanced premium experience to the customers of SBI Cards like complimentary domestic lounge program, access to VIP upgrades and privileges at hotels, restaurants and retail outlets around the world.

Notes:
It is reported that fraudulent transactions amounting Rs 12,705 crore has taken place in Dewan Housing Finance Corporation Limited (DHFL) during FY17 to FY19. These frauds pertain to development of 2 Slum Rehabilitation Authority (SRA) projects undertaken by DHFL.
This observation was made by “Grant Thornton”, a transaction investigating agency. The assistance of Grant Thornton was sought by the administrator of DHFL appointed under Insolvency and Bankruptcy Code.

Notes:
Google India has recently announced the launch of its nationwide campaign named ‘Make Small Strong’.
It aims to help support small businesses and enhance demand through customer support. It encourages people to buy locally and promote their favourite retailers by posting reviews. This new programme is based on feedback from Small and Medium Businesses.

Notes:
India has successfully test fired a new version of the surface-to-surface supersonic cruise missile BrahMos.
The missile with a number of indigenously developed sub-systems including a Booster was flight-tested from the integrated test range at Balasore in Odisha. It has an extended range of about 400 km from the earlier 290 km range.

Notes:
India’s Sehgal Foundation has emerged as a co-runner up of the USA’s “Citizen Diplomacy Award”. The institution has been selected for its human rights and women empowerment work in rural India.
The Department of States – Bureau of Global Public Affairs of USA, launched the Citizen Diplomacy Award in 2017 to recognize significant contributions by citizens and organizations to deepen USA’s foreign policy around the world.

Notes:
Abu Dhabi-based sovereign wealth fund Mubadala Investment will invest Rs 6,247.5 crore to acquire a 1.4 per cent stake in Reliance Retail.
This is the fourth investor in Reliance Retail Ventures Ltd (RRVL) and the third such deal recently. Earlier, global private equity firm General Atlantic and Silver Lake bought 0.84 per cent stake and 2.13 per cent stake in the company respectively.

Notes:
The all-weather “Atal Tunnel” which was constructed by the Boarder Roads Organisation (BRO) has been inaugurated by Prime Minister Narendra Modi.
It is the longest highway tunnel in the world that is 9.02 km long. It connects Manali to Lahaul-Spiti valley throughout the year. The tunnel reduces the distance between Manali and Leh by 46 km.

Notes:
The Japanese automobile manufacturer Honda has announced to withdraw from Formula One (F1 racing) by the end of the 2021.
The decision has been announced by Honda, to achieve its goal of carbon neutrality and other environmental initiatives. Honda has been the engine supplier for the F1 teams Red Bull and Alpha Tauri.

Notes:
A United States Navy P-8A long range Maritime Patrol Aircra landed at Port Blair in the Andaman and Nicobar Islands.
This is seen as a significant incident as this is the first time a U.S. P-8 aircraft landed at Port Blair for refuelling under the bilateral logistics support agreement. The agreement is called the Logistics Exchange Memorandum of Agreement (LEMOA).