Banking, Finance & Economy Current Affairs Quiz -December 19, 2022

1. How many products have received the GI label from the government?

[A] 432
[B] 433
[C] 343
[D] 456

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2. What is the purpose of the government’s spending of Rs 75 crore for three years?

[A] To promote Geographical Indications (GI)
[B] To support the promotion of GIs
[C] To raise awareness about GIs
[D] All of the above

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3. Which of the following statements is true about the Reserve Bank of India issuing Sovereign Gold Bonds?

[A] The Reserve Bank of India will issue two tranches of Sovereign Gold Bonds in December and March, which will be open for public subscription.
[B] The Reserve Bank of India will only issue one tranche of Sovereign Gold Bonds in December, which will be open for public subscription.
[C] The Reserve Bank of India will only issue one tranche of Sovereign Gold Bonds in March, which will be open for public subscription.
[D] The Reserve Bank of India will not be issuing any Sovereign Gold Bonds in December or March.

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4. Which of the following statements is true about HDFC Bank’s annual grants program for social startups?

[A] HDFC Bank has announced the launch of its sixth annual grants program for social startups in partnership with the Government of India’s flagship initiative ‘Startup India’.
[B] HDFC Bank has announced the launch of its fifth annual grants program for social startups in partnership with the Government of India’s flagship initiative ‘Startup India’.
[C] HDFC Bank has not announced any annual grants program for social startups in partnership with the Government of India’s flagship initiative ‘Startup India’.
[D] DFC Bank has announced the launch of its seventh annual grants program for social startups in partnership with the Government of India’s flagship initiative ‘Startup India’.

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5. Which of the following statements is true about Bank of Baroda’s plans to sell its majority stake in Nainital Bank?

[A] The board of directors of Bank of Baroda has approved divestment of its majority shareholding in Nainital Bank Limited and authorized the issuance of an advertisement inviting Expressions of Interest through a Preliminary Information Memorandum from interested parties.
[B] The board of directors of Bank of Baroda has approved divestment of its minority shareholding in Nainital Bank Limited and authorized the issuance of an advertisement inviting Expressions of Interest through a Preliminary Information Memorandum from interested parties.
[C] The board of directors of Bank of Baroda has not approved any plans to sell its stake in Nainital Bank Limited.
[D] The board of directors of Bank of Baroda has approved divestment of its majority shareholding in Nainital Bank Limited, but has not authorized the issuance of an advertisement inviting Expressions of Interest through a Preliminary Information Memorandum from interested parties.

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