Banking, Finance & Economy Current Affairs Quiz -December 8, 2022
December 8, 2022 December 8, 2022
1. Adani Green Energy Ltd (AGEL), the Adani Group’s renewables business, has completed its third wind-solar hybrid power facility in which location?
[A] Rajasthan
[B] Gujarat
[C] Haryana
[D] Uttar Pradesh
Show Answer
Correct Answer: A [Rajasthan]
Notes:
Adani Green Energy Ltd (AGEL), the renewables arm of Adani Group, has commissioned its third wind-solar hybrid power plant at Jaisalmer in Rajasthan. Earlier, in May 2022, AGEL had operationalised India’s first hybrid power plant of 390 MW.
2. Which bank just exceeded the Rs 5-lakh-crore milestone in personal banking advances?
[A] Bank of Baroda
[B] State Bank of India
[C] Punjab National Bank
[D] Canara Bank
Show Answer
Correct Answer: B [State Bank of India]
Notes:
State Bank of India (SBI) Monday said its has surpassed the Rs 5 lakh crore mark in the personal banking advances.
3. Which telecom company has established a partnership with Meta Platforms, Inc. (Meta) to help the expansion of India’s digital ecosystem?
[A] Airtel
[B] MTNL
[C] Jio
[D] Vi
Show Answer
Correct Answer: A [Airtel]
Notes:
The telecom major Airtel has announced that it has collaborated with Meta Platforms, Inc. (Meta) to support the growth of India’s digital ecosystem.
4. Which of the following banks has partnered with ICICI Lombard to provide Bancassurance?
[A] AU Small Finance Bank
[B] ESAF Small Finance Bank
[C] Capital Small Finance Bank
[D] Fincare Small Finance Bank
Show Answer
Correct Answer: A [AU Small Finance Bank]
Notes:
ICICI Lombard General Insurance Company Ltd. tied up with the AU Small Finance Bank Ltd. for bancassurance. Under this tie-up, the insurer (ICICI Lombard) will utilise the diverse customer base of the bank and boost its penetration across the country. On the other hand, the bank (AU Finance) will boost its general insurance offerings through digital and paperless solutions offered by ICICI Lombard.
5. Which of the following companies collaborated with Axis Bank to enable rural customers to create quick, zero-balance accounts?
[A] DMI Finance
[B] LendingKart
[C] Spice Money
[D] ZestMoney
Show Answer
Correct Answer: C [Spice Money]
Notes:
Spice Money Limited partnered with Axis Bank to facilitate the opening of instant, zero-balance accounts for rural citizens. The primary objective of this tie-up is to bridge the urban-rural divide and boost financial inclusion by providing banking services at the doorstep. The zero-balance savings or current account will be opened instantly through Spice Money Limited’s Adhikari network.
