Business, Economy & Banking Current Affairs MCQs
41. Which Indian Financial Institution has recently raised ₹10,000 crore through the issue of infrastructure bond?
[A] State Bank of India
[B] Punjab National Bank
[C] Infrastructure Finance Corporation of India
[D] IDBI Bank
Show Answer
Correct Answer: A [State Bank of India]
Notes:
The country’s largest lender – State Bank of India, has raised Rs 10,000 crore at a coupon rate of 7.49 percent through its fourth infrastructure bond issuance.
The investors were from provident funds, pension funds, insurance companies, mutual funds, corporates. The proceeds of bond issue will be utilised in enhancing long-term resources for funding infrastructure and the affordable housing segment.
42. Warehousing Development Regulatory Authority (WDRA) has entered into a MoU with which bank for Loans Against e-NWRs?
[A] Bank of India
[B] Canara Bank
[C] Punjab National Bank
[D] Axis Bank
Show Answer
Correct Answer: A [Bank of India]
Notes:
The Warehousing Development Regulatory Authority (WDRA) has entered into a Memorandum of Understanding (MoU) with the Bank of India to support farmers and traders by providing low-interest rate loans against electronic negotiable warehouse receipts (e-NWRs).
The objective of this partnership is to raise awareness and facilitate funding against e-NWRs.
43. Which institution approved capital- management reforms that will unlock $100 billion in funds over the next 10 years?
[A] AIIB
[B] ADB
[C] World Bank
[D] IMF
Show Answer
Correct Answer: B [ADB]
Notes:
The Asian Development Bank (ADB) approved capital- management reforms that will unlock $100 billion in funds over the next 10 years to support Asia and the Pacific.
The reforms also create a Countercyclical Lending Buffer to support ADB developing member countries (DMCs) facing unexpected crises.
44. Online gaming companies will charge 28% GST on full value of bets, with effect from which date?
[A] October 1, 2023
[B] January 1, 2024
[C] April 1, 2024
[D] October 1, 2024
Show Answer
Correct Answer: A [October 1, 2023]
Notes:
From October 1, online gaming companies will charge 28% GST on full value of bets, while offshore platforms would also be required to have GST registration to operate in India.
The notification was released by the Union Finance Ministry though many states are yet to pass amendments in their respective state GST Laws.
45. When was the ‘Insolvency and Bankruptcy Board of India (IBBI)’ founded?
[A] 2014
[B] 2016
[C] 2018
[D] 2020
Show Answer
Correct Answer: B [2016]
Notes:
The Insolvency and Bankruptcy Board of India was established on 1st October, 2016 under the Insolvency and Bankruptcy Code, 2016 (Code).
IBBI also releases two publications “IBC: Evolution, Learnings and Innovation” and “Navdrishti: Emerging Ideas on IBC” on the occasion of the seventh annual day.
46. Which public sector bank has launched ‘Mobile Handheld Device’ to enhance accessibility and convenience?
[A] Canara Bank
[B] State Bank of India
[C] Punjab National Bank
[D] Indian Bank
Show Answer
Correct Answer: B [State Bank of India]
Notes:
The State Bank of India (SBI) launches Mobile Handheld Device to enhance accessibility and convenience.
This device will provide cash withdrawal, cash deposit, fund transfer, balance inquiry and mini statement at doorsteps of customers. The initiative will particularly benefit customers who face challenges in accessing Bank Branches including Senior citizens and differently abled.
47. Which organisation released Multilateral Treaty to replace National Digital Taxes?
[A] IMF
[B] WEF
[C] OECD
[D] ADB
Show Answer
Correct Answer: C [OECD]
Notes:
The Organisation for Economic Cooperation and Development (OECD) released a multilateral treaty on Wednesday, aiming to replace various national digital services taxes if it gains sufficient international ratification.
The publication increases the pressure on the United States, as its ratification would require a two-thirds majority in the divided Senate.
48. Which bank launched XpressWay- digital platform offering banking products and services?
[A] ICICI Bank
[B] HDFC Bank
[C] SBI
[D] Canara Bank
Show Answer
Correct Answer: B [HDFC Bank]
Notes:
HDFC Bank launched XpressWay, a digital platform offering banking products and services, enabling customers to experience the fastest way to bank.
XpressWay offers Personal Loan, Business Loans, Car Loan, Home Loan, Loan on cards, Credit Card, Savings Accounts among others. XpressWay is a part of HDFC Bank ‘NOW’, an umbrella brand for the Bank’s digital products and services.
49. Ashok Vaswani was appointed as the new Managing Director and chief executive officer of which bank?
[A] State Bank of India
[B] Kotak Mahindra Bank
[C] HDFC Bank
[D] ICICI Bank
Show Answer
Correct Answer: B [Kotak Mahindra Bank]
Notes:
Ashok Vaswani was appointed as the new Managing Director and chief executive officer (MD and CEO) of Kotak Mahindra Bank.
He currently serves as the president of Pagaya, a US-Israeli artificial intelligence fintech, as well as a Non-executive director of the London Stock Exchange Group.
50. ‘Operation Sesha’, which was launched recently, aims to curb the illegal trade of_:
[A] Tortoises
[B] Timber
[C] Exotic Birds
[D] Tusk
Show Answer
Correct Answer: B [Timber]
Notes:
Union Finance Minister launches phase IV of ‘Operation Sesha’ to curb the illegal trade of Timber, including Red Sanders.
She launched this during the inaugural session of the first ever Global Conference on Cooperation in Enforcement Matters (GCCEM) in New Delhi. Delegates representing over 40 Custom Organisations participated in the event.
The above questions are part of Daily Current Affairs 20 MCQs Series in GKToday's Academy Android Application. This series can be subscribed in the app only for Rs. 750/- for entire year.
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