Banking, Finance & Economy Current Affairs Quiz -November 29, 2022
November 29, 2022 November 29, 2022
1. Recently, the Department of Science and Technology (DST) formed a partnership with which of the following organizations to manufacture e-Vehicle batteries in India?
[A] Centre for Science and Environment (CSE)
[B] The Energy and Resource Institute (TERI)
[C] Wildlife Trust of India (WTI)
[D] Green Future Foundation (GFF)
Show Answer
Correct Answer: A [Centre for Science and Environment (CSE)]
Notes:
The Department of Science and Technology (DST) entered into a partnership with the Center for Science and Environment (CSE) for the production of e-vehicle batteries in India. The DST will collaborate with the CSE to create a platform to assist in the production of electronic vehicle (EV) batteries to meet the country’s requirements. The aim will be to develop a roadmap for new EV battery technology through the creation of an expert industry forum.
2. Which country has the highest FDI inflows into India during April to September 2023?
[A] UAE
[B] Mauritius
[C] Netherlands
[D] Singapore
Show Answer
Correct Answer: D [Singapore]
Notes:
The Department for Promotion of Industry and Internal Trade (DPIIT) launched data that reflected the decline in the Foreign Direct Investment (FDI) inflow during the first half of FY23. The DPIIT data shows that for April-September 2023, the FDI equity inflows in the country declined by 14%. It was recorded at USD 26.9 billion, compared to USD 31.15 billion for the corresponding period in FY22. It mentioned that with an FDI inflow of USD 10 billion, Singapore was the top investor in India for the first half of FY23, followed by Mauritius (USD 3.32 billion) and the UAE (USD 2.95 billion).
3. Which organization recently released the Digifasal do-it-yourself (DIY) crop insurance product?
[A] Absolute
[B] Illumina
[C] Lonza
[D] Biogen
Show Answer
Correct Answer: A [Absolute]
Notes:
Absolute launched a DIY crop insurance product, “Digifasal.” Digifasal was launched by Absolute in collaboration with DigiSafe Insurance. The insurance product will be launched on Absolute’s AgCloud ecosystem, according to Upaj. With services like soil testing, Upaj will provide a one-stop solution to farmers at every stage of crop production. After more than 7 years of research, machine learning and artificial intelligence engineers created Digifasal.
4. Which of the following organizations recently granted Ecofy regulatory clearance to operate as a non-deposit-taking Non-Banking Financial Company (NBFC)?
[A] SEBI
[B] RBI
[C] SIDBI
[D] NABARD
Show Answer
Correct Answer: B [RBI]
Notes:
The Reserve Bank of India (RBI) gave regulatory approval to Ecofy to operate as a non-deposit-taking non-banking financial company (NBFC). The regulatory approval by the RBI makes Ecofy a one-of-a-kind green-only retail NBFC in India. This approval will empower Ecofy to disburse the loan to individuals and small enterprises to enhance the transition to a zero-carbon world.
5. Sany India has inked an MoU with which bank to simplify and streamline the equipment financing process?
[A] Punjab National Bank
[B] Union Bank of India
[C] Bank of India
[D] Bank of Baroda
Show Answer
Correct Answer: B [Union Bank of India ]
Notes:
Sany Heavy Industries India Pvt Ltd signed a Memorandum of Understanding (MoU) with the Union Bank of India (UBI).The agreement was signed by the Chief Operating Officer of Sany India, Dheeraj Panda, and the Chief General Manager (MSME) of UBI, CM Minocha. The MoU between Sany India and the UBI was signed in order to make the process of equipment financing easy and efficient. The partnership will allow the buyers of Sany India equipment to avail of a loan of up to 90% of its cost from the bank.
