Banking, Finance & Economy Current Affairs Quiz – February 7,2023
Published: February 7, 2023
1. Who has Appointed Raul Rebello as MD and CEO-Designate?
[A] Axis Bank
[B] Mahindra Finance
[C] Yes Bank
Correct Answer: B [Mahindra Finance]
Mahindra Finance Appointed Raul Rebello as MD and CEO-Designate.
2. Which company in India has accepted digital currency as payment?
[A] Aditya Birla Fashion & Retail
[B] Future Retail
[C] Tata Group
[D] Reliance Retail
Correct Answer: D [Reliance Retail]
Reliance Retail has accepted digital currency for payments, in the process of the adoption of the Central Bank of Digital Currency (CDDC).
3. Which major countries created trilateral cooperation initiatives in domains such as Energy, Defense, and the Economy?
[A] India, France, UAE
[B] South Korea, China, France
[C] USA, France, UAE
[D] France, China, India
Correct Answer: A [India, France, UAE]
India, France, and UAE Establish Trilateral Cooperation Initiatives, in fields including Energy, Defence, and Economy.
4. What was the outcome of the Reserve Bank of India’s decision concerning the Hinduja Group’s shareholding in IndusInd Bank Ltd.?
[A] The Hinduja Group was denied the ability to increase its ownership in IndusInd Bank.
[B] The Hinduja Group was given the green light to acquire a larger stake in IndusInd Bank.
[C] The Hinduja Group’s ownership in IndusInd Bank remained unchanged.
[D] The Hinduja Group’s ownership in IndusInd Bank was reduced.
Correct Answer: B [The Hinduja Group was given the green light to acquire a larger stake in IndusInd Bank.]
The Hinduja Group’s subsidiary, IndusInd International Holdings Ltd. (IIHL), has received provisional approval from the Reserve Bank of India (RBI) to raise its stake in IndusInd Bank Ltd. (IndusInd Bank) to 26%. As a result, the Hinduja Group will contribute over INR 10,000 crore to IndusInd Bank, making it the first bank with a promoter who has increased its ownership to 26%. The RBI revised its private bank ownership guidelines in November 2021 to allow promoter ownership of up to 26%, up from 15%.
5. What was the aim of the MOU signed by four companies in New Delhi?
[A] To improve PACS access to finance and digital services via CSCs
[B] To shut down CSCs in New Delhi
[C] To reduce services offered by CSCs to PACS
[D] To disable PACS and CSCs
Correct Answer: A [To improve PACS access to finance and digital services via CSCs]
The Ministry of Cooperation, Ministry of Electronics and Information Technology, National Bank for Agriculture and Rural Development (NABARD), and CSC e-Governance Services India Limited signed a Memorandum of Understanding to provide services through Common Service Centres (CSCs) to Primary Agricultural Credit Societies (PACS) in Delhi. The MoU was signed by the union Home minister and Minister of Cooperation, Amit Shah, and the Union Minister of Electronics and Information Technology, Ashwini Vaishnaw.
Category: Banking, Finance & Economy Current Affairs Quiz