Banking, Finance & Economy Current Affairs Quiz -December 13, 2022
December 13, 2022 December 13, 2022
1. The Reserve Bank of India (RBI) has signed a Currency Swap Agreement with the Maldives Monetary Authority under the SAARC Currency Swap Framework, under which Maldives may make several tranches up to a maximum of how much amount from the RBI?
[A] USD 200 Million
[B] USD 150 Million
[C] USD 100 Million
[D] USD 50 Million
Show Answer
Correct Answer: A [USD 200 Million]
Notes:
The Reserve Bank of India (RBI) has signed a Currency Swap Agreement with the Maldives Monetary Authority under the SAARC Currency Swap Framework. This agreement will enable the Maldives authority to make drawals in multiple tranches up to a maximum of 200 million dollars from the RBI.
2. Which of the following companies recently collaborated with NIIT Ltd to start a programme aimed at creating a huge pool of developers?
[A] HDFC ERGO GIC
[B] Acko GIC
[C] Bajaj Allianz GIC
[D] Aditya Birla GIC
Show Answer
Correct Answer: A [HDFC ERGO GIC]
Notes:
HDFC ERGO General Insurance Company Ltd. partnered with NIIT Ltd. to launch the HDFC ERGO Technocrat-Advance Dot Net Developer Program to build a large pool of developers. The programme is a joint initiative of the NIIT Institute of Finance, Banking, and Insurance (NIIT-IFBI) and HDFC ERGO. It aims to equip the participants with the knowledge and training they need to handle critical projects and assignments.
3. According to the Ministry of Information and Broadcasting’s new standards, how much would the online registration of PS channels by MSOs cost?
[A] INR 500
[B] INR 1,000
[C] INR 100
[D] Free of Cost
Show Answer
Correct Answer: B [INR 1,000]
Notes:
The Ministry of Information and Broadcasting (MIB) issued guidelines for platform services (PSs) offered by multi-system operators (MSOs). Under the guidelines, the MSO will have to compulsorily apply within the next three months to register as a “company” if they want to provide local news and current affairs programmes as PS on their networks. The online registration process for PS channels by MSOs will cost INR 1,000 per channel, and a maximum of two PS channels will be permitted at the district level.
4. Which of the following gained approval to start an India-based fund from the Central Bank of Ireland?
[A] ASK Capital
[B] GGV Capital
[C] Sequoia Capital
[D] Balderton Capital
Show Answer
Correct Answer: A [ASK Capital]
Notes:
ASK Capital Management Private Limited received approval from the Central Bank of Ireland to launch an India-based fund. The India-based fund will be called the “ASK Indian Entrepreneur Fund”. The fund will be launched through the UCITS (Undertakings for the Collective Investment in Transferable Securities) route. The approval from the Central Bank of Ireland will enable ASK Capital to reach out to investors, family offices, endowments, and pension funds across Europe, Latin America, the Middle East, etc.
5. Which of the following banks recently signed a co-lending deal with SV Creditline Ltd (SVCL) for women borrowers worth 500 billion rupees?
[A] IndusInd
[B] HDFC
[C] ICICI
[D] Canara
Show Answer
Correct Answer: A [IndusInd]
Notes:
IndusInd Bank signed a co-lending agreement with SV Creditline Ltd (SVCL) for INR 500 Cr loan, exclusively for women borrowers.
