Banking, Finance & Economy Current Affairs Quiz – December 22, 2022
December 22, 2022 December 22, 2022
1. Which financial institution has created Roots, a specialized portal that provides in-depth investor education and market analysis?
[A] HDFC Securities
[B] SMC Global Securities
[C] SBICAP Securities
[D] Angel One
Show Answer
Correct Answer: A [HDFC Securities]
Notes:
HDFC Securities launched investor education platform ‘Roots’. Stock brokerage firm HDFC Securities has launched Roots, a dedicated platform providing comprehensive investor education and market analysis.
2. Which of the following banks has introduced ZERO FEE BANKING on savings accounts?
[A] IDFC First Bank
[B] Yes Bank
[C] Federal Bank
[D] HDFC Bank
Show Answer
Correct Answer: A [IDFC First Bank]
Notes:
IDFC FIRST Bank on 17 December announced ZERO Fee Banking on savings accounts and waived fees on 25 commonly used banking services.
3. Reserve Bank of India penalized which of the following foreign banks operating in India Rs. 2.66 crore for not following directions on cyber security framework?
[A] Citi Bank
[B] Bank of Bahrain & Kuwait
[C] HSBC India
[D] Deutsche Bank
Show Answer
Correct Answer: B [Bank of Bahrain & Kuwait]
Notes:
Reserve Bank of India imposed a penalty of Rs 2.66 crore on Bank of Bahrain & Kuwait BSC, India operations for non-compliance with directions on cyber security framework.
4. Bajaj Allianz launched India’s first Surety Bond Insurance products for which of the following purposes?
[A] Accident Insurance
[B] Life Insurance
[C] Infrastructure Projects
[D] Agriculture
Show Answer
Correct Answer: C [Infrastructure Projects]
Notes:
Union Minister for Road Transport and Highways Nitin Gadkari has launched one of India’s first-ever Surety Bond Insurance products from Bajaj Allianz. Surety Bond Insurance will act as a security arrangement for infrastructure projects and will insulate the contractor as well as the principal.
5. In New Delhi, which minister inaugurated India’s first Green Steel Brand “KALYANI FeRRESTA”?
[A] Jyotiraditya Scindia
[B] Kiren Rijiju
[C] Pashu Pati Kumar Paras
[D] Ashwini Vaishnaw
Show Answer
Correct Answer: A [Jyotiraditya Scindia]
Notes:
Union Steel Minister, Jyotiraditya Scindia has launched India’s first Green Steel Brand “KALYANI FeRRESTA” in New Delhi.
