Current Affairs Quiz - December, 2020

Notes:
US President-elect Joe Biden has recently appointed the country’s first all-female White House communications team.
He also appointed Jen Psaki, who earlier served as the spokesperson in Barack Obama administration, as the White House Press Secretary. Six other women who had held important positions, were appointed in the official Press Team.

Notes:
The insurance sector regulator – Insurance Regulatory and Development Authority of India (IRDAI) has accorded “in principle” approval for merger of Bharti AXA General Insurance with ICICI Lombard General Insurance Company.
On successful merger, the consolidated entity would have a market share of 8.7% in non-life business. Bharti Enterprises own 51% share in Bharti AXA General Insurance and the remaining 49% is owned by French insurer AXA.

Notes:
The ‘International day for the abolition of slavery’ is observed every year on December 2, since 1986.
It aims to raise awareness about slavery and put an end to all kinds of slavery including trafficking in persons, sexual exploitation, child labour among others. It marks the date of the adoption of the UN Convention related to trafficking and exploitation.

Notes:
The Union Minister for Tribal Affairs Arjun Munda has launched a virtual edition of the first ever Aadi Mahotsav celebrated in the state of Madhya Pradesh.
This is a festive being celebrated for 10 days. It would be hosted by Tribes India. The key focus on this year’s Aadi Mahotsav is “tribal craft and culture of Madhya Pradesh”.

Notes:
The recent spread of Leaf Fall Disease in rubber plantations of Thailand has been a cause of worry to Indian Plantations.
In November, the total affected area of rubber plantation of Thailand was 90,000 ha and there is a potential production loss of 1.30 lakh tons of rubber. It has been cited by Rubber Board officials that the disease has the potential to spread to India.

Notes:
The United States has issued an order to ban the cotton and cotton products from the Xinjiang Production and Construction Corps (XPCC), one of the largest producers of China.
The U.S. Customs and Border Protection agency issued “Withhold Release Order” to increase economic pressure on the Xinjiang region. US cites the reason for the ban as ‘slave labour’ of detained Uighur Muslims used by China.

Notes:
The Reserve Bank of India (RBI) has recently directed HDFC Bank to temporarily halt all its digital launches and new sourcing of credit card customers.
The country’s largest private sector lender has been asked to stop the digital launches as the bank had faced technical glitches in the past two years. RBI also asked the bank’s board to examine the lapses and fix accountability.

Notes:
As per the Union Ministry of Finance, the Indian Economy is registering a V Shaped recovery of GDP. This was expressed in the latest Monthly Economic Review.
The contraction of GDP in Q1 of current financial year was 23.9% where as the economy has contracted by 7.5 % in Q2. Maximum growth is registered by Agriculture sector followed by Construction.

Notes:
The Chairperson of HCL Technologies Roshni Nadar is listed to be wealthiest woman of India in the year 2020.
The list of 100 leading Wealthy Women in India has been recently released by Kotak Wealth Hurun. Out of the 100 women, 31 self-made women on the list. Biocon founder Kiran Mazumdar Shaw has been ranked second in the list.

Notes:
In the first-of-its-kind study by the Zoological Survey of India (ZSI) under the Union Ministry of Environment, Forest and Climate Change, the Malayan Giant Squirrel is at the verge of extinction.
It has projected that the numbers of the Malayan Giant Squirrel could decline by 90 per cent in India by 2050. If steps are not taken by the Government, the species could become extinct in the country.