Banking, Finance & Economy Current Affairs Quiz -February 2,2023
February 2, 2023 February 2, 2023
1. Who releases the world economic outlook?
[A] World Bank
[B] IMF
[C] UNDP
[D] NSE
Show Answer
Correct Answer: B [IMF]
Notes:
The International Monetary Forum recently published the World Economic Outlook. According to the report, India’s inflation rate is expected to drop to 6.8% in March 2023 and further to 5% by the end of the year. In 2024, the inflation rate in India will be 4%. The report also states that the global inflation rate will decrease to 6.6% in 2023, which was 8.8% in 2022.
2. What is the Edelweiss CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index Fund?
[A] India’s first active long-duration index fund
[B] India’s first passive short-duration index fund
[C] India’s first passive long-duration index fund
[D] India’s first active short-duration index fund
Show Answer
Correct Answer: B [India’s first passive short-duration index fund]
Notes:
Edelweiss Asset Management Limited has recently introduced the “Edelweiss CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index Fund”. This is India’s first passive short-duration index fund and is open for subscription from January 27th to February 10th, 2023. This cost-effective index fund is ideal for investors who want to incorporate fixed income into their asset allocation strategy. The Edelweiss CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index Fund is an open-ended index fund that will invest 50% in Indian Government Bonds and 50% in State Development Loans, with some tracking errors.
3. Which of the following statements regarding the Economic Survey of India is true?
[A] The Ministry of Commerce prepares it.
[B] It highlights the contribution of public digital platforms to economic growth in 2022 and the improved performance of the Indian Rupee compared to other developing economies.
[C] It predicts that India’s GDP growth will be less than 6% in 2024.
[D] It was presented a week before the Budget session.
Show Answer
Correct Answer: B [It highlights the contribution of public digital platforms to economic growth in 2022 and the improved performance of the Indian Rupee compared to other developing economies.]
Notes:
A day before the Budget session, the Economic Survey is presented. The Finance Ministry creates the survey. According to the report, India’s GDP will be between 6% and 6.8% in 2024. Public digital platforms significantly contributed to the acceleration of economic growth in 2022.
4. Where will the G20 meeting of the Employment Working Group take place?
[A] Bombay
[B] Guwahati
[C] Udaipur
[D] Jodhpur
Show Answer
Correct Answer: D [Jodhpur]
Notes:
The Indian government has been holding gatherings like Business20 and Think20 in preparation for hosting the G-20 conference in 2023. The G20 Employment Working Group Meeting will now be organised by the GoI. This will take place in Rajasthan’s Jodhpur.
5. Which of the following statements regarding the Memorandum of Understanding (MoU) signed between Garden Reach Shipbuilders and Engineers Limited and Rolls Royce Solutions is true?
[A] The MoU was signed to produce high-quality marine diesel engines in Germany
[B] GRSE is a subsidiary of Rolls Royce Solutions
[C] The MoU was signed to produce high-quality marine diesel engines in India
[D] GRSE is not a Mini Ratna Category 1 Defense PSU
Show Answer
Correct Answer: A [The MoU was signed to produce high-quality marine diesel engines in Germany]
Notes:
A Memorandum of Understanding (MoU) was signed by Garden Reach Shipbuilders and Engineers (GRSE) Limited, a Mini Ratna Category 1 Defense PSU, and Rolls Royce Solutions of Germany to domestically produce Rolls Royce’s high-quality marine diesel engine in India.
