Banking, Finance & Economy Current Affairs Quiz – October 15, 2022
October 15, 2022 October 15, 2022
1. Which Indian steel manufacturer has signed up to the United Nations Global Compact initiative?
[A] JSW Steel
[B] SAIL
[C] Essar Steel
[D] Tata Steel
Show Answer
Correct Answer: A [JSW Steel]
Notes:
JSW Steel announced that it has joined as the newest participant of the United Nations Global Compact (UNGC) initiative – the world’s largest voluntary corporate sustainability initiative.
2. In recognition of the state government’s pioneering reforms, the World Bank (WB) has provided Andhra’s Learning Transformation (SALT) project an unconditional loan of how much?
[A] USD 250 Million
[B] USD 350 Million
[C] USD 450 Million
[D] USD 550 Million
Show Answer
Correct Answer: A [USD 250 Million]
Notes:
World Bank (WB) has extended an unconditional loan of $250 million to the Supporting Andhra’s Learning Transformation (SALT) project in appreciation of the path-breaking reforms implemented by the State government.
3. How much has the Reserve Bank of India (RBI) raised the net-owned funds (NOFs) requirement for asset reconstruction companies (ARCs)?
[A] Rs. 100 crore
[B] Rs. 200 crore
[C] Rs. 300 crore
[D] Rs. 400 crore
Show Answer
Correct Answer: C [Rs. 300 crore]
Notes:
According to the latest Reserve Bank of India (RBI) rules, Requirement of net-owned funds (NOFs) for asset reconstruction companies (ARCs) has been increased to Rs. 300 crore
4. In October 2022, Oxfam International and Development Finance International (DFI) announced the 2022 Commitment to Reducing Inequality (CRI) Index. Which country rated first?
[A] Sweden
[B] Germany
[C] Finland
[D] Norway
Show Answer
Correct Answer: D [Norway]
Notes:
Norway leads the CRII followed by Germany and Australia. The Index which is prepared by Oxfam International and Development Finance International (DFI) measures governments policies and actions in three areas proven to have a major impact on reducing inequality.
5. How much has the International Monetary Fund (IMF) cut India’s FY22 GDP growth prediction from 7.4%?
[A] 6.6%
[B] 6.8%
[C] 6.9%
[D] 7.1%
Show Answer
Correct Answer: B [6.8%]
Notes:
The International Monetary Fund (IMF) has slashed India’s economic growth forecast to 6.8% for FY22.
