Banking, Finance & Economy Current Affairs Quiz -March 18 ,2023
March 18, 2023 March 18, 2023
1. According to the SIPRI report for 2023, which nation was the world’s greatest importer of arms?
[A] India
[B] China
[C] Russia
[D] Pakistan
Show Answer
Correct Answer: A [India]
Notes:
India is still the world’s largest importer of military equipment, despite an 11% decline in arms purchases between 2013–17 and 2018–22, according to a study by the Stockholm International Peace Research Institute (Sipri).
2. According to Ashwini Vaishnaw, minister of railways and telecommunications, the first bullet train in India would commence operation in August of which year?
[A] 2023
[B] 2024
[C] 2025
[D] 2026
Show Answer
Correct Answer: D [2026]
Notes:
According to railways and telecom minister Ashwini Vaishnaw, the first bullet train in India will begin service in August 2026. The project will stimulate the economy because several of the suppliers to the project have begun receiving export orders.
3. In February, India’s WPI inflation falls to what percentage?
[A] 3.85
[B] 2.85
[C] 1.85
[D] 1.85
Show Answer
Correct Answer: A [3.85]
Notes:
Wholesale Price-based Inflation (WPI) for February 2023 eased to two years low of 3.85 per cent against 4.73 per cent recorded in the preceding month.
4. The Competition Commission of India cleared Reliance’s purchase of how much of Metro’s local business?
[A] $444 million
[B] $344 million
[C] $544 million
[D] $644 million
Show Answer
Correct Answer: B [$344 million]
Notes:
India’s competition regulator cleared Reliance Industries Ltd’s 28.50 billion rupees ($346.16 million) acquisition of the Indian business of German retailer Metro AG. Metro has been active in the Indian market since 2003 and reported sales of about 77 billion rupees for the financial year ended September 2022
5. Who has Central Banking designated the “Governor of the Year” for 2023?
[A] Dr Manmohan Singh
[B] Raghuram Rajan
[C] Arvind Subramanian
[D] Shaktikanta Das
Show Answer
Correct Answer: D [Shaktikanta Das]
Notes:
The Reserve Bank of India Governor, Shaktikanta Das has been awarded the title ‘Governor of the Year’ for 2023 by Central Banking, an international economic research journal.
