Banking, Finance & Economy Current Affairs Quiz -January 27, 2023
Published: January 27, 2023
1. Which bank purchased Canara Bank’s entire 40% stake in CBIL?
[A] Axis Bank
Correct Answer: B [SBI]
Canara Bank plans to sell State Bank of India, the other JV partner, its whole 40% investment in the Russian joint venture (JV), Commercial Indo Bank LLC (CIBL) (SBI). The transaction’s cash consideration is worth USD 14.67 million. (114 crore rupees) The deal is anticipated to close on or before March 31, 2023. After the transaction, the State Bank of India would own all of CIBL, a joint venture between SBI and Canara Bank that was founded in Russia in 2003. For a 40% equity transfer from SBI, Canara Bank is anticipated to get $14.67 million, or roughly Rs 114 crore.
2. Which of the following best describes the expected recovery of start-up fundraising in India, according to a paper in the Reserve Bank of India’s (RBI) January 2023 bulletin?
[A] Slow and steady recovery over the next five years
[B] Immediate and substantial recuperation
[C] No recovery, as the market remains unstable
[D] None of the above
Correct Answer: D [None of the above]
According to a paper in the Reserve Bank of India (RBI), January 2023 bulletin titled “What Drives Startup Fundraising in India,” start-up fundraising in India is anticipated to quickly recover from the macroeconomic instabilities experienced over the previous two to three years. Rajas Saroy, Ashish Khobragade, Rekha Misra, Sakshi Awasthy, and Sarat Dhal wrote the essay. According to the report, their growing integration into global supply chains and banking may raise macroeconomic and financial stability concerns.
3. Where was the first G20 conference held?
Correct Answer: C [Gandhinagar]
On the eve of the G20, the B20 Inception Meeting took place in Gandhinagar, Gujarat. At the meeting were the G20 Sherpa, business people, the CEO, the railway minister Ashwini Vaishnaw, the commerce and industry minister Piyush Goyal, and other people.
4. Brazil and which of the aforementioned countries want to work together on economic issues, such as creating a common currency?
Correct Answer: D [Argentina]
Brazil and Argentina aim for greater economic integration, including the development of a common currency, Brazilian President Luiz Inacio Lula da Silva and Argentine leader Alberto Fernandez said in a joint article they penned.
5. Who inaugurated Chennai’s first STEM innovation and learning centre?
[A] American India Foundation
[B] Australian Group
[C] United Nations Organization
[D] Asian Development Bank
Correct Answer: A [American India Foundation]
American India Foundation inaugurated the first STEM innovation and learning centre.
Category: Banking, Finance & Economy Current Affairs Quiz