Current Affairs Quiz - October, 2021

Notes:
United Nations International Fund for Agricultural Development (IFAD) has recently released a report titled ‘Transforming Food Systems for Rural Prosperity’.
The report recommended several concrete actions to be taken by governments and policymakers. It said that the Global food systems need a huge revolution, in a more inclusive, fair and sustainable way. As per the report, Food systems are responsible for 37 per cent of greenhouse gas emissions and also highly vulnerable to a changing climate.

Notes:
Najla Bouden Romdhane has been named Tunisia’s first female prime minister. Before two months President Kais Saied assumed executive authority, sacked the prime minister and suspended parliament.
The President had said that during the emergency period, the government would be responsible to the president. Hence, the new Prime Minister would have less direct power than previous Prime Ministers.

Notes:
Technology Major Facebook launched its largest creator education and enablement programme in India. Named “Born on Instagram” the programme includes e-learning course, aimed at encouraging, educating and enabling creators.
The programme was originally launched in 2019. It focusses on content creators who drive more users, viewers and commerce across different platforms. The programme will also provide live masterclasses with experts, latest information on trends, product updates and challenges.

Notes:
India has more than 63 million MSMEs. They account for nearly 40 per cent of India’s exports, about 6.11 per cent of the country’s manufacturing GDP. MSMEs contribute to 24.63 per cent of the GDP from services sector.
Union MSME Minister Narayan Rane has inaugurated the India Export Initiative and IndiaXports 2021 portal of the India SME Forum. India has fixed its exports target of USD 400 billion for this fiscal year. The Minister said that MSMEs would further take it to $1 trillion by 2027.

Notes:
LORROS stands for Long Range Reconnaissance and Observation System, which is a sensor system to provide for long-range day-time and night-time surveillance. It is used by the national security forces like the Indian Army, to counter infiltration.
LORROS has been in the news recently, as an expert panel has cleared a revised technical requirement for implementation of the technology by Border Security Force and Indo-Tibetan Border Police.

Notes:
Venezuela is set to launch a new currency that will feature six fewer zeros. The country is facing world’s worst inflation and economic crisis for some years.
The highest denomination of the Venezuelan bolivar had previously been a one-million bolivar note. That will now become a one bolivar note. Hereafter, the highest denomination for the new currency will be 100 bolivar, worth a little less than $25.

Notes:
The Indian Navy and State Bank of India (SBI) launched SBI’s NAV-eCash Card onboard India’s largest Naval Aircraft Carrier INS Vikramaditya.
NAV-eCash Card has a dual-chip technology, which will facilitate both online as well as offline transactions. The infrastructure at naval ships blocks traditional payment solutions when the ship is on high seas where there is no connectivity.

Notes:
Russia won the FIDE World women team chess title at Sitges, Spain. It stopped India 2-0 to regain the title.
Russia had been the Champion in the year 2017. Ace player D. Harika, R. Vaishali, Mary Ann Gomes, Bhakti Kulkarni and Tania Sachdev represented India. In the semi-final clash, India defeated Georgia while Russia defeated Ukraine to reach the finals.

Notes:
PM Nair – a stressed assets expert from State Bank of India is the MD of National Asset Reconstruction Company Ltd, which has recently received the approval of the Reserve Bank of India to commence its operations.
The decision to constitute the “Bad Bank” / NARCL to clean the books of PSU was declared in the Union Budget 2021-22.

Notes:
The Ministry of Road Transport & Highways has notified the constitution of National Road Safety Board. The Board will be responsible for promoting road safety, innovation and adoption of new technology, and regulation of traffic and motor vehicles.
The Head Office of the Board in the National Capital Region and the board may set up offices at other places in India. It shall consist of the Chairman and not three to seven Members, to be appointed by the Central Government.