Banking, Finance & Economy Current Affairs Quiz – November 11,2022
November 7, 2022 November 7, 2022
1. Which bank has signed a Master Risk Participation Agreement with FirstRand Bank (FRB) to facilitate India-Africa trade?
[A] RBI
[B] FICCI
[C] CII
[D] EXIM Bank of India
Show Answer
Correct Answer: D [EXIM Bank of India]
Notes:
The Export-Import Bank of India (India Exim Bank) has signed a Master Risk Participation Agreement with FirstRand Bank (FRB) Limited to assist commercial transactions.
2. India has pledged USD 5 million annual support to UNRWA to serve the schools, health centres and other basic services run by the organization to support whom ?
[A] South Sudan refugees
[B] Palestinian refugees
[C] Syrian refugees
[D] Ukrainian refugees
Show Answer
Correct Answer: B [Palestinian refugees]
Notes:
The Government of India presented USD 2.5 million (second tranche of a total contribution of USD 5 million for the Financial Year 2022-2023) to the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA).
3. Which of the following space technology firms launched the Falcon Heavy, the most powerful active rocket in the world?
[A] Blue Origin
[B] Boeing
[C] SpaceX
[D] Bigelow Aerospace
Show Answer
Correct Answer: C [SpaceX]
Notes:
SpaceX’s Falcon Heavy, the world’s most-powerful active rocket, lifted off on 1 November 2022 for the first time in more than three years through dense fog at Florida’s Cape Canaveral, with Elon Musk’s company sending satellites into orbit for the U.S. Space Force.
4. According to the new SEBI rules, Credit Rating Agencies (CRAs) must report compliance to the standards agreed by their Board of Directors to SEBI within how many months after implementation?
[A] Nine months
[B] One month
[C] Two months
[D] Three months
Show Answer
Correct Answer: D [Three months]
Notes:
The Securities and Exchange Board of India (SEBI) issued a pertaining to the standardization of rating scales used by credit rating agencies (CRAs).
5. Which of the following insurance firms has developed the first satellite index-based Farm Yield Insurance Policy?
[A] SBI General Insurance
[B] United India Insurance
[C] TATA AIC
[D] HDFC ERGO
Show Answer
Correct Answer: D [HDFC ERGO]
Notes:
HDFC ERGO has announced the launch of a technology-backed farm yield insurance policy for farmers. This is a first-of-its-kind insurance solution, where a satellite-based index will be used to provide localized farm level coverage.
