Banking, Finance & Economy Current Affairs Quiz -February 27 ,2023
Published: February 27, 2023
1. Who has been awarded the ‘Entrepreneur of the Year 2022’ title?
[A] Mukesh Ambani
[B] Ratan Tata
[C] Sajjan Jindal
[D] Anand Mahindra
Correct Answer: C [Sajjan Jindal]
Sajjan Jindal, the chairman and managing director of JSW Group, was awarded the EY Entrepreneur of the Year (EOY) 2022. The seven-member jury led by former ICICI Bank chairman K V Kamath selected Jindal as the EOY 2022 winner for his “exceptional entrepreneurial journey in scaling the global conglomerate with presence in steel, cement, infrastructure, energy, and paints to revenues of US$22 billion.
2. What is the name of the news app launched by the founders of Instagram that is now open to everyone?
[A] Artifact News
Correct Answer: A [Artifact News]
Artifact, a new artificial intelligence (AI)-powered personalized news feed application by Instagram co-founders Kevin Systrom and Mike Krieger, is available to everyone, along with new features
3. Who launched the revised norms for the Members of Parliament Local Area Development Scheme (MPLADS) and the new web portal for the Revised Fund Flow Procedure under MPLADS? When will these changes come into effect?
[A] Prime Minister Narendra Modi; April 1, 2023
[B] Minister of State for Statistics and Programme Implementation, Rao Inderjit Singh; April 1, 2023
[C] Minister of Home Affairs, Amit Shah; January 1, 2023
[D] Minister of Finance, Nirmala Sitharaman; January 1, 2023
Correct Answer: B [Minister of State for Statistics and Programme Implementation, Rao Inderjit Singh; April 1, 2023]
The Minister of State for Statistics and Programme Implementation, Rao Inderjit Singh, launched the revised norms for the Members of Parliament Local Area Development Scheme (MPLADS) and the new web portal for the Revised Fund Flow Procedure under MPLADS. These changes will come into effect from April 1, 2023. The revised set of guidelines aims to broaden the scope of the scheme so as to enable the parliamentarians to recommend developmental works as per the changing needs of the community with an emphasis on improving the functioning, implementation and monitoring of the MPLAD scheme.
4. When was the Central Excise Day observed in 2023?
[A] 24th February
[B] 24th March
[C] 24th January
[D] 24th April
Correct Answer: A [24th February]
Every year on February 24, Central Excise Day is observed to recognise and honour the contributions made by the Central Board of Indirect Taxes and Customs (CBIC).
5. Which two companies have recently signed a deal to enhance cross-border payments between India and the Gulf region?
[A] HDFC Bank and ICICI Bank
[B] HDFC Bank and Lulu Exchange
[C] Lulu Exchange and State Bank of India
[D] Axis Bank and Lulu Exchange
Correct Answer: B [HDFC Bank and Lulu Exchange]
HDFC Bank and UAE-based financial services company Lulu Exchange, have partnered to strengthen cross-border payments between India and Gulf Cooperation Council (GCC) region. Both sides have signed a memorandum of understanding (MoU) to enable remittances to India through HDFC’s online and mobile banking powered by LuLu Exchange. In a press release, the bank said they will launch the ‘RemitNow2India’ service for quick money transfers from UAE.
Category: Banking, Finance & Economy Current Affairs Quiz