Business, Economy & Banking Current Affairs MCQs
41. With which organization, Systems, Applications & Products in Data Processing (SAP) has announced a strategic collaboration to provide Business Process Transformation-as-aService?
[A] Microsoft
[B] Infosys
[C] Wipro
[D] HDFC Bank
Show Answer
Correct Answer: B [Infosys]
Notes:
To provide Business Process Transformation-as-aService (BPTaaS) to enterprises, Infosys announced a strategic partnership with Systems, Applications & Products in Data Processing (SAP). This collaboration will enable Infosys to use SAP’s business process intelligence (BPI) to identify opportunities and obstacles on the road for transformation, and to develop a roadmap for customers.
42. Who has been appointed as the chairperson of National Bank for Financing Infrastructure and Development (NaBFID)?
[A] Uday Kotak
[B] Shikha Sharma
[C] Aditya Puri
[D] KV Kamath
Show Answer
Correct Answer: D [KV Kamath]
Notes:
The Government of India has appointed Shri. KV Kamath was the first Chairperson of National Bank for Financing Infrastructure and Development (NaBFID).
The NaBFID is being set up as a statutory body (under an act of Parliament) which would act as a development financial institution (DFIs) for infrastructure financing in India. The announcement of this institution was made in the Union Budget 2021-22.
43. Who is the Chairman of the Prime Minister’s Economic advisory council (EAC-PM)?
[A] Bibek Debroy
[B] Rakesh Mohan
[C] Poonam Gupta
[D] T T Ram Mohan
Show Answer
Correct Answer: A [Bibek Debroy]
Notes:
Prime Minister Narendra Modi approved the reconstitution of his Economic advisory council (EAC-PM). Bibek Debroy, President of the Indian Statistical Institute, is the Chairman of the council.
Former RBI deputy governor Rakesh Mohan, along with IIM Ahmedabad Professor T T Ram Mohan, and Director-General of NCAER Poonam Gupta, are the three new members to join the seven-member council. The new advisory council has been appointed for a period of two year. The Chairman of the council and three other members have been retained.
44. Which institution published ‘Statement of Commitment to Support Greening India’s Financial System’?
[A] NITI Aayog
[B] RBI
[C] NABARD
[D] MoEFCC
Show Answer
Correct Answer: B [RBI]
Notes:
The Reserve Bank of India (RBI) recently published its ‘Statement of Commitment to Support Greening India’s Financial System – NGFS.
RBI joined the Central Banks and Supervisors Network for Greening the Financial System (NGFS) as a Member on April 23, 2021. On the occasion of the 2021 United Nations Climate Change Conference (COP26), NGFS agreed to contribute to meet the objectives of the Paris Agreement.
45. As per the Ratings agency ICRA, what is the estimated real GDP Growth of India in FY 2022?
[A] 12.5 %
[B] 11 %
[C] 10%
[D] 9%
Show Answer
Correct Answer: D [9%]
Notes:
The Ratings agency ICRA has maintained its forecast of a 9.0% GDP expansion for India in FY2022. It maintained that a K-shaped divergence will be seen amongst the formal and informal sectors of the economy.
The ratings agency also expects the economy to maintain a similar 9.0% growth in the next fiscal year FY2023.
46. ‘Global Economic Prospects Report’ is the flagship publication of which institution?
[A] World Bank
[B] International Monetary Fund
[C] World Economic Forum
[D] Asian Development Bank
Show Answer
Correct Answer: A [World Bank]
Notes:
‘Global Economic Prospects Report’ is the flagship publication of the World Bank. As per the report, global economic growth will dip sharply from 5.5% in 2021 to 4.1% in 2022 and 3.2% in 2023.
The Bank’s 8.3% growth projection for India in 2021-22 is unchanged from its June 2021 outlook. But the forecast for 2022-23 and 2023-24 has been upgraded to 8.7% and 6.8%, respectively.
47. Which Indian state was ranked third in terms of per capita income in the fiscal year 2021-22?
[A] New Delhi
[B] Sikkim
[C] Haryana
[D] Himachal Pradesh
Show Answer
Correct Answer: A [New Delhi]
Notes:
According to the Economic Survey of Delhi 2021-22, Delhi ranked third in terms of per capita income behind Sikkim and Goa.
As per the survey, Delhi’s per capita income grew 16.81 per cent year-on-year to Rs 4,01,982 in fiscal 2021-22. The per capita income of Delhi was three times higher than the national average in 2021-22.
48. Which bank signed partial guarantee pact with Asian Development Bank (ADB) to support supply chain financing?
[A] State Bank of India
[B] Axis Bank
[C] Yes Bank
[D] HDFC Bank
Show Answer
Correct Answer: B [Axis Bank]
Notes:
Axis Bank has collaborated with Asian Development Bank (ADB) for a partial guarantee programme with initial outlay of USD 150 million
The programme aims at supporting supply chain financing for impact sectors. Under the agreement, special focus will be towards ESG (environmental, social and governance) and other priority sectors.
49. What is India’s retail inflation in April 2022, as it touched its highest point in eight years?
[A] 8.01 %
[B] 7. 85 %
[C] 7.79 %
[D] 7.50 %
Show Answer
Correct Answer: C [7.79 %]
Notes:
India’s retail inflation in April 2022 surged to 7.79 per cent in April, largely driven by rising fuel and food prices, touching its highest point in last eight years.
The previous high was recorded at 8.33 per cent in May 2014. 6.95 per cent inflation is recorded in the month of March. Food inflation accounted for nearly half the consumer price index (CPI) basket, reached high in April. Reserve Bank of India’s (RBI’s) upper tolerance limit for retail inflation is 6 %.
50. Which bank has announced to lend USD 250 million to start-ups in India?
[A] DBS Bank
[B] HSBC India
[C] Citi Bank India
[D] Standard Chartered Bank
Show Answer
Correct Answer: B [HSBC India]
Notes:
Foreign bank HSBC India announced that it will lend USD 250 million to high-growth, tech-led start-ups in India.
India is the third largest start-up ecosystem in the world. Recently there is a rise in the debt needs of the start-ups in India and a ‘funding winter’ is impacting equity funding to the sector. This issue is set to be addressed by the commercial banking vertical of HSBC India.
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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