Banking, Finance & Economy Current Affairs Quiz – October 17, 2022
October 17, 2022 October 17, 2022
1. What does the abbreviation AMFI fully stand for?
[A] Association of Marginal Funds of India
[B] Association of Mutual Funds in India
[C] Association of Mixed Funds of India
[D] Association of Mainstream Funds in India
Show Answer
Correct Answer: A [Association of Marginal Funds of India]
Notes:
MD & CEO of Birla Balasubramanian re-elected as the chairman of AMFI. Association of Mutual Funds in India (AMFI) re-elects A. Balasubramanian as its chairman.
2. What is the complete abbreviation for the acronym SWIFT?
[A] Society for Worldwide Interbank Financial Telecommunications
[B] Society for Worldwide Interbank Fiscal Telecommunications
[C] Society for Worldwide Intrabank Financial Telecommunications
[D] Society for Worldwide Intrabank Fiscal telecommunications
Show Answer
Correct Answer: A [Society for Worldwide Interbank Financial Telecommunications]
Notes:
ICICI Bank Limited launched a ‘smart wire’ facility for Inward Remittances. This scheme is an online solution to allow NRI and resident customers to make SWIFT-based remittances. ICICI Bank is the first to introduce a quick and easy solution to receive such remittances.
3. Who leads the International Finance Corporation (IFC)?
[A] Victoria Shortt
[B] Kristalina Georgieva
[C] Makhtar Diop
[D] Ngozi Okonjo-Iweala
Show Answer
Correct Answer: C [Makhtar Diop]
Notes:
World Bank’s private sector investment Anam, international finance Corp bracket open IFC bracket close, has recently launched a new financing facility. IFC has taken this step to increase the private sector’s ability to respond to global food prices. It also aims to support total food production. The core part of this financing will be to augment the trade of food commodities and provide support for efficient food production and inputs to the farmers. Its targeted areas are primarily those countries that are undergoing food crises. This platform will be in supplement the World Bank’s target of USD 30 Billion in response to the ongoing food crisis.
4. Who made the official visit to the Sultanate of Oman as Union Minister, Minister of State, and Ministry of External Affairs?
[A] Siddhant Sibbal
[B] A. Bagchi
[C] S. Jaishankar
[D] V. Muraleedharan
Show Answer
Correct Answer: D [V. Muraleedharan]
Notes:
NPCI & Central Bank of Oman sign MoU to launch India’s Rupay Debit Card in Oman. National Payments Corporation of India and the Central Bank of Oman have inked a significant Memorandum of Understanding to launch the Rupay debit card in Oman for better financial connectivity. Both countries have decided to expand the Indian digital payment ecosystem to the Gulf region. It will facilitate seamless digital remittances which benefits Indian workers and professionals. The trade between India and Oman is increasing, totaling around USD 10 billion in FY 2021-22.
5. Which company has partnered with 75F Smart Innovations India to promote commercial building automation and energy-efficiency solutions?
[A] ReNew Power
[B] Torrent Power
[C] JSW Energy
[D] Tata Power Trading Company
Show Answer
Correct Answer: D [Tata Power Trading Company]
Notes:
Tata Power Trading Company (TPTCL) has signed an agreement with 75F Smart Innovations India to jointly promote automation and energy-efficiency solutions in the commercial building space.
