Banking, Finance & Economy Current Affairs Quiz – January 31, 2023
Published: January 31, 2023
1. How many tonnes of wheat will Centre sell on the open market?
[A] 30 Lakh ton
[B] 40 Lakh ton
[C] 50 Lakh ton
[D] 60 Lakh ton
Correct Answer: A [30 Lakh ton]
The Food Corporation of India (FCI) sells surplus rice and wheat through the Open Market Sale Scheme at predetermined prices. The Indian government has recently ordered the FCI to sell 30 LMT of wheat to curb rising wheat prices. The government will also conduct e-auctions to sell 3000 MT of wheat to bulk buyers or flour millers.
2. Who recently released a report on the Adani Group?
[D] Bloomberg Billionaires Index
Correct Answer: C [Hinderburg]
Hinderburg Research, a financial research company, has released a report on the world’s third-richest man and his business firm, the Adani Group. The report alleges that Adani was involved in fraudulent and “brazen” stock manipulation. The report is based on two years of investigation into Adani and his family members.
3. What modifications has the Ministry of Corporate Affairs made to MCA21 in recent years?
[A] Physical meetings and compliance management
[B] A centre for speeding up corporate exit processes
[C] E-adjudication, compliance management, and e-consultation
[D] All of the above
Correct Answer: C [E-adjudication, compliance management, and e-consultation]
To make ministry services more accessible, the Ministry of Corporate Affairs introduced MCA 21. The government just updated MCA-21 with a few important improvements. They are e-adjudication, e-consultation, and compliance management. Adjudication refers to a decision made in a dispute. E-adjudication is a platform for online dispute resolution. As a result, fewer cases will be submitted to the NCLT (National Company Law Tribunal). Additionally, electronic adjudication will make doing business easier. The e-adjudication facility’s description This facility will reduce the Companies Act’s list of offences. It will aim to lessen the requirements for compliance. Physical meetings have been relaxed to improve the facility’s success rate. Every discussion must be conducted via video conference.
4. What is the objective of Godrej Agrovet’s “Samadhan” programme for oil palm farmers?
[A] To provide comprehensive knowledge and services to farmers
[B] To establish 50 centres across India by 2027
[C] To achieve sustained productivity for farmers
[D] To add 60,000 hectares of new oil palm plantations
Correct Answer: A [To provide comprehensive knowledge and services to farmers]
Godrej Agrovet Ltd. has introduced ‘Samadhan’, a centre for oil palm farmers, to provide a complete package of knowledge, services, tools and solutions. This initiative aims to help farmers optimise their yields and increase productivity by sharing global best practices and supporting farmers to access financing, government subsidies and benefits. Godrej Agrovet became the first company in India to receive certification under the Indian Palm Oil Sustainability Framework.
5. Garden Reach Shipbuilders and Engineers (GRSE) Ltd. has signed a Memorandum of Understanding with Germany’s Rolls Royce Solutions to manufacture which of the following?
[A] Marine diesel engines
[B] Electric vehicles
[C] Electric naval Vasal
Correct Answer: A [Marine diesel engines]
GRSE signs a pact with Rolls Royce Solutions to manufacture marine diesel engines Kolkata-based public sector shipyard, Garden Reach Shipbuilders and Engineers (GRSE) Ltd. has signed an MoU with Rolls Royce Solutions of Germany to locally manufacture the latter’s marine diesel engines.
Category: Banking, Finance & Economy Current Affairs Quiz