Current Affairs Quiz - October, 2020

Notes:
As per the Forbes India Rich List 2020 that was released recently, the chairman of Reliance Industries Limited remains the richest Indian for the 13th consecutive year.
His net worth stands at USD 88.7 billion. Mukesh Ambani is followed by Gautam Adani with a net worth of 25.2 billion dollar and Shiv Nadar at 20.4 billion dollar. The new entrant in the top 10 is Cyrus Poonawalla, the Chairman of Serum Institute of India (SII).

Notes:
Reserve Bank of India Governor Shaktikanta Das announced that Real Time Gross Settlement (RTGS) payment system will be available round the clock from December 2020.
At present, in the RTGS service, customer transactions are allowed from 7am to 6pm only on a working day. The relaxation of time constraints would make online payment more efficient. The minimum amount to be remitted through RTGS is Rs 2 lakhs with no upper ceiling.

Notes:
Prime Minister Narendra Modi is to launch the physical distribution of property cards under the SVAMITVA (Survey of Villages and Mapping with Improvised Technology in Village Areas) scheme.
Under the scheme, the rural people are empowered to use the property as a financial asset. The physical copies of property titles will be handed over to over 132,000 landowners during the event. The state governments will also physically distribute the cards to people.

Notes:
World Post Day is celebrated every year on 9 October across the world. It marks the anniversary of the establishment of the Universal Postal Union in 1874 in the city of Bern, Switzerland.
The World Post Day was declared by the UPU Congress held in Tokyo, Japan in 1969. For the first time, the ceremony is held virtually. The Universal Postal Union released a message on the title ‘More than mail’.

Notes:
India has recently donated 1.8 million N95 masks to Philadelphia, the largest city in the US state of Pennsylvania, to help tackle COVID-19.
This move is seen as an example of strong -US partnership in the health sector. The city Mayor had earlier requested India for the supply of masks to be used by frontline workers. It is also the sixth-most populous city in the United States.

Notes:
Tennis Star Rafael Nadal defeated Novak Djokovic to win his 13th French Open and 20th Grand Slam title. Nadal also equalled Roger Federer’s all-time record of 20 Grand Slam titles. This is also the 100th match win at Roland Garros of Nadal against just two defeats since his 2005 debut. Young Polish player Iga Swiatek became the lowest-ranked woman to win the French Open.

Notes:
The Delhi government has exempted road tax on its battery-operated vehicles under its new Electric Vehicle Policy.
The Lieutenant Governor of Delhi of the National Capital Territory of Delhi exempted the road tax with immediate effect. Delhi has been at the forefront in promoting Electric vehicles through various incentives and developing the supporting infrastructure.

Notes:
The Union Minister for Health Harsh Vardhan has stated that the Health Ministry would soon roll out paper strip test for SARS-CoV-2 diagnosis named FELUDA.
The test strip has been developed by CSIR-Institute of Genomics and Integrative Biology (IGIB), and has been approved by the Drug Controller General of India.

Notes:
Paul R. Milgrom and Robert B. Wilson have been awarded the Nobel Prize in Economics for their contribution to auction theory and inventions of new auction formats.
Mr Wilson developed a theory for auctions of items with a common value and Mr Milgrom came up with a theory in which private values vary from bidder to bidder in an auction.

Notes:
As per a joint statement issued by Food and Agriculture Organization (FAO), International Fund for Agricultural Development (IFAD), International Labor Organisation (ILO), World Health Organisation (WHO), nearly half of the global workforce are at risk of losing their livelihoods.
The statement also stated that the number of undernourished people could increase 132 million by the end of this year from the current levels of 690 million.