Daily Current Affairs 1st Dec 2021 – News, MCQs & Videos

Get All the Important Current Affairs of 1st Dec 2021 in this blog. It covers all important sections like Banking Current Affairs, Finance Current Affairs, Sports Current Affairs, Latest Appointments, Awards and more. In this blog, you also get to solve Important Current Affairs MCQs of 1st Dec 2021.

Daily Current Affairs 1st Dec 2021

Important Days

World AIDS Day is observed across the globe on 1 December every year since 1988.

  • Purpose: to raise awareness of the AIDS (Acquired Immune Deficiency Syndrome) pandemic caused by the spread of HIV (human immunodeficiency virus) infection
  • The theme for the World Aids Day 2021 is End inequalities. End AIDS and End Pandemics

Border Security Force (BSF) is observing its 57th Raising Day on 01 December 2021.

  • BSF was formed on December 1, 1965 as a unified central agency after the Indo-Pak and India-China wars for ensuring the security of the borders of India and for matters connected there with.
  • It is one of the five Central Armed Police Forces of the Union of India and stands as the world’s largest border guarding force.
  • BSF has been termed as the First Line of Defence of Indian Territories.
  • BSF Director General –Pankaj Kumar Singh

International News

American publishing company Merriam-Webster has chosen the word “vaccine” as
its 2021 Word of the Year.

  • Merriam-Webster is America’s most trusted online dictionary for English word definitions, meanings, and pronunciation.
  • It has been declaring the word of the year since 2008.

Vax’ has been chosen as the word of the year by the Oxford English Dictionary
(OED) in 2021.

  • Vax derived from the Latin word vacca, which means cow.
  • Vax is used as a short form for vaccine and means a substance put into a person’s body to prevent them from getting a disease.
  • Due to the Covid-19 pandemic, words related to vaccines saw surge in 2021, including terms like double-vaxxed, unvaxxed and anti-vaxxer.

World Health Organization (WHO) has designated the new, fast-spreading coronavirus
variant, B.1.1.529, which was detected in South Africa named “Omicron” after a letter in the
Greek alphabet, as ‘Variant of Concern (VOC)’.

  • Currently designated VOCs are, Alpha (B.1.1.7), Beta (B.1.351), Gamma (P.1), Delta (B.1.617.2), and Omicron (B.1.1.529).
  • 1.1.529 variant was first reported from South Africa on 24th November 2021 and the first known confirmed B.1.1.529 infection was from a specimen collected on 9 November 2021.


▪ Headquarters: Geneva, Switzerland
▪ Founded: 7 April 1948
▪ Director-General: Tedros Adhanom

South Korea is soon going to get the world’s first floating city, to deal with the problem
of flood due to rising sea levels.

  • The floating city project is a joint effort by the UN Human Settlement Programme (UNHabit) and OCEANIX.
  • The city will be built off the coast of Busan in South Korea and is likely be completed by 2025.
  • The floating city will have ‘flood-proof infrastructure’ and comprise several man-made islands to eliminate the risk of flooding.
  • The self-sufficient city will be specifically designed to withstand natural disasters like tsunamis, floods, and Category 5 hurricanes.

National News

Varanasi, a city in Uttar Pradesh is all set to become the first Indian city to start
ropeway service as a mode of public transport in order to ease the traffic congestion.

  • The proposed ropeway will be constructed between Cantt Railway Station (Varanasi Junction) to Church Square (Godauliya) covering an aerial distance of 3.45 km.
  • Its outlay is over Rs 400 crore which is divided between Central Government and State Government at 80:20.
  • India will be the third country in the world after Bolivia and Mexico to use a ropeway for public transport.

State in News

Kerala Tourism launched the ‘STREET’ project to promote and take tourism deep into
the interiors and rural hinterland of Kerala.

▪ The project would help visitors experience the diversity of offerings in these locales.
▪ The STREET is an acronym
for Sustainable, Tangible, Responsible, Experiential, Ethnic, Tourism hubs.
▪ The project, conceived by the Responsible Tourism Mission, is inspired by the ‘Tourism
for Inclusive Growth’ slogan of The United Nations World Tourism Organization.
▪ Capital: Thiruvananthapuram
▪ Governor: Arif Mohammad Khan
▪ Chief Minister: Pinarayi Vijayan

Banking News

RBI granted its approval to the LIC to increase its holding in Kotak Mahindra Bank up to
9.99%. The approval is valid for a period of 1 year.


▪ As of September 2021, LIC holds a 4.96% stake in Kotak Mahindra Bank.
▪ LIC is the 5th largest shareholder in Kotak Mahindra Bank.
▪ Uday Kotak and family, promoters of the bank, hold a 26% stake in Kotak Mahindra
Bank while Canada Pension Plan Investment Board holds 6.37%.
▪ On 26th November 2021, RBI accepted a working group’s recommendation to increase
promoter stake in private banks till 26% and non-promoter stake to 10%.
▪ Founded: 1956
▪ Headquarters: Mumbai, Maharashtra
▪ Chairperson: M R Kumar

Reserve Bank of India had formed an Internal Working Group (IWG) in June 2020, to
review the extant guidelines on ownership and corporate structure for Indian private
sector banks.

The IWG had 5 members with Shrimohan Yadavas the convenor.
▪ The internal working group of RBI has proposed to raise the cap on promoters’ stake in
private banks from the current 15 % to 26 % in 15 years.
▪ Presently, a promoter of a private bank needs to pare holdings to 20 percent within 10
years, and to 15 percent within 15 years.

Reserve Bank of India imposed a monetary penalty of Rs 1 crore on the Union Bank of
India for violating certain provisions related to the sale of stressed assets and
reporting of frauds.

The RBI inspection revealed non-compliance with rules on classification of an account
as a red flag account despite the presence of early warning signals and also failure to
disclose provisioning for Security Receipts (SRs) in its Annual Report

List of Banks who has been imposed penalty by RBI Recently
▪ RBI fined Axis Bank Rs 5 crore for non-compliance with certain rules
▪ RBI imposed a penalty of Rs 50.35 lakh on Janalaxmi Co-operative Bank
▪ RBI imposed Rs 25 lakh fine on Axis Bank for flouting KYC norms
▪ RBI imposed Rs 2 crore penalty on RBL Bank for breaching deposit, board composition
norms
▪ RBI imposed Rs 1 crore penalty on SBI for non-compliance
▪ RBI imposed a fine of Rs 1.95 crores on Standard Chartered Bank
▪ RBI imposed ₹1 crore penalty on Paytm Payments Bank
▪ RBI imposed a monetary penalty of Rs. 1 crore on the State Bank of India

Committee in News

Ministry of Social Justice and Empowerment has formed a three-member committee to
review the criteria for reservation for the Economically Weaker Sections (EWS) category
in terms of the provisions of the explanation to Article 15 of the Constitution.

The members of the committee are former:
1. Ajay Bhushan Pandey – former finance secretary, GOI (Chairman)
2. Prof. V K Malhotra – Member secretary of Indian Council of Social Science Research
3. Shri Sanjay Sanyal – Principal economic advisor to GOI (Member Convenor)

List of Latest Committee and Headed by
▪ National Steering Committee for NIPUN Bharat Mission: Dharmendra Pradhan
▪ SC’s committee to Probe unauthorized surveillance using Pegasus in India: R V
Raveendran
▪ Reconstituted Economic Advisory Council to the PM: Bibek Debroy
▪ SEBI formed IT Projects Advisory Committee (IT-PAC): Abhay Karandikar
▪ SEBI reconstituted Technical Advisory Committee: Deepak B Phatak
▪ Technology Innovation Group on 6G formed by DoT: K Rajaraman
▪ Committee to determine RoDTEP rates for exports from SEZs, EOUs: Gopal Krishna Pillai

Awards

52nd International Film Festival of India was held from November 20 to 28, 2021 in Goa.

The BRICS nations namely Brazil, Russia, South Africa, China and India were the
‘country of focus’.
▪ Opening Film – The King of All the World (Spain, Mexico) by Carlos Saura
▪ Closing Film – A Hero (Iran, France) by Asghar Farhadi

List of Awards at 52nd International Film Festival of India
Satyajit Ray Lifetime Achievement Award
▪ Martin Scorsese (American filmmaker)
▪ István Szabo (Hungarian filmmaker)
Indian Film Personality of the Year
▪ Hema Malini
▪ Prasoon Joshi
Golden Peacock (Best Film) – Ring Wandering (Japan) by Masakazu Kaneko
Best Director – Vaclav Kadrnka for Saving One Who Was Dead (Czech Republic)
IFFI Best Actor Award (Male) – Jitendra Joshi for Godavari (India)
IFFI Best Actor Award (Female) – Ángela Molina for Charlotte (Paraguay)
Special Jury Award: Nikhil Mahajan for Godavari (India)
ICFT UNESCO Gandhi Medal – Lingui, The Sacred Bonds (Chad, France, Belgium,
Germany) by Mahamat-Saleh Haroun

The internationally co-produced drama film Lingui: The Sacred Bonds has won the ICFTUNESCO Gandhi Medal at IFFI 52 in Goa.
The ICFT-UNESCO Gandhi Medal award is given to the IFFI film that best reflects
Mahatma Gandhi’s ideals of peace, tolerance and non-violence.
Lingui was co-produced by Belgium France Germany and was made in Arabic and
French.
The film reflects the story of the sacred relationship between a mother and daughter
and their survival against the harsh laws set by men.

6th edition of the BRICS Film Festival was held in India, along side 52nd IFFI in Goa from
November 20 to 28, 2021.

Best Film – jointly shared by South African film ‘Barakat’ by Amy Jephta and
Russian film ‘The Sun above Me Never Sets’ by Lyubov Borisova
▪ Best Actor (Male) – Dhanush for Asuran (Hindi)
▪ Best Actor (Female) – Lara Boldorini for On Wheels (Brazil)
▪ Best Director – Lucia Marat for Ana (Brazil)
▪ Special Jury Mention Award – Director Yan Han for A Little Red Flower (China)

International Press Institute (IPI) India Award for Excellence in Journalism 2021

  • Award of 2021 has been awarded jointly to Sreenivasan Jain and Mariyam Alavi of NDTV, and Lakshmi Subramanian and Bhanu Praksh Chandra of The Week.
  • Meanwhile the IPI India Award for Excellence in Journalism 2020 had been awarded to Ritika Chopra of The Indian Express.
  • The award comes with cash prize of Rs 1 Lakh, a trophy and a citation.
  • The Vienna-based International Press Institute (IPI) is a global organisation dedicated to the promotion and protection of press freedom and the improvement of journalism practices.

Appointment

Parag Agrawal, 37, an IIT-Bombay graduate, has replaced Jack Dorsey as the
new Twitter chief executive officer, becoming the youngest CEO in top 500 companies.

Agrawal, an alumnus of the Indian Institute of Technology (IIT) Bombay, was appointed
Twitter CTO on March 8, 2018. He succeeded Adam Messinger, who left the company in
December 2016.


▪ Twitter Founded: March 21, 2006
▪ Headquarters: San Francisco, California, U.S.
▪ Chairman: Patrick Pichette
▪ CEO: Parag Agrawal

List of World’s Top Company and CEOs or MD
▪ Satya Nadella-Microsoft
▪ Tim Cook-Apple
▪ Andy Jassy- Amazon
▪ David M. Solomon-Goldman Sachs
▪ Sundar Pichai-Alphabet
▪ Mark Zuckerberg-Facebook
▪ Doug McMillon-Walmart
▪ Michael Dell-Dell Technologies
▪ Safra Catz-Oracle
▪ Alibaba-Daniel Zhang
▪ Ericsson-Börje Ekholm
▪ Google– Sundar Pichai
▪ HCL Technologies-C Vijayakumar
▪ HSBC-Noel Quinn
▪ IBM-Arvind Krishna
▪ Infosys-Salil Parekh

▪ MasterCard-Ajaypal Singh Banga
▪ Samsung Oh-Hyun Kwon
▪ Tata Consultancy Services-Rajesh Gopinathan
▪ Vodafone-Vittorio Colao
▪ Cognizant-Brian Humphries
▪ Wipro Technologies Limited-Thierry Delaporte
▪ Twitter-Parag Agrawal
▪ Walt Disney-Bob Iger
▪ Sony-Kenichiro Yoshida
▪ KFC-Greg Creed
▪ Honda-Takahiro Hachigo
▪ Yahoo-Marissa Mayer
▪ eBay-Devin Wenig
▪ Toyota-Akio Toyoda
▪ BMW-Oliver zipse

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Current Affairs 1st Dec 2021 – MCQs

Q. Who among the following has been elected as the delegate for Asia in the
executive committee of the International Criminal Police Organization (INTERPOL)?


(a) Praveen Sinha
(b) Jayant Kumar Dash
(c) Kamran Rizvi
(d) R S Sharma
(e) Arun Goel

Answer: Option A
▪ Headquarters: Lyon, France
▪ CBI special director Praveen Sinha was elected the delegate for Asia in the executive
committee of the International Criminal Police Organization (Interpol) following a
tough contest involving China.

Q. Sheikh Sabah Al-Khalid Al-Sabah has been reappointed as the Prime Minister of
which country?

(a) Qatar
(b) Oman
(c) Kuwait
(d) Saudi Arabia
(e) Bahrain

Answer: Option C
▪ Kuwait reappointed Sheikh Sabah Al-Khalid Al-Sabah as the Prime Minister of the
country, he has already been the PM since 2019.
▪ He was reappointed by an Emiri order (Head of the State) issued by Crown Prince
Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah.
▪ Capital: Kuwait City
▪ Currency: Kuwaiti dinar

Q. Which country has announced new development commitments of around Euro
1.2 billion aid to India, in support of India’s fight against climate change?


(a) Russia
(b) UK
(c) Germany
(d) France
(e) Italy

Answer: Option C
➢ This fund will also be used for cooperation on clean energy.
➢ Under its commitments, Germany allotted €713 million for energy, €409 million for
urban development, and €90 million for agroecology & natural resources.
➢ These projects will support India’s targets to expand solar power generation.

Q. Who will head the high-level ‘Central Vista Oversight Committee’ formed by the
Union government for 2 years to monitor and expedite the pace of the project?


(a) H R Nagendra
(b) P Vasudevan
(c) Jayant Kumar Dash
(d) Sudarshan Sen
(e) Ratan P Watal

Answer: Option E
▪ Ministry of Housing and Urban Affairs has formed a five-member committee for timely
completion of various projects executed under the Central Vista Redevelopment Plan.
▪ The committee will be headed by former finance secretary Ratan P Watal.

That is all from us in this blog on Current Affairs 1st Dec 2021.