Banking, Finance & Economy Current Affairs Quiz -January 12, 2023
January 12, 2023 January 12, 2023
1. Which financial services company has received in-principle approval from the RBI to operate as an online payment aggregator?
[A] BharatPe
[B] MobiKiwik
[C] MobiKiwik
[D] PayU
Show Answer
Correct Answer: A [BharatPe]
Notes:
Fintech unicorn BharatPe has received in-principle approval from the Reserve Bank of India to operate as an online payment aggregator, joining fintech platforms such as Open, Infibeam, Cashfree, Paysharp and Worldline ePayments which already have such approvals in place.
2. Which bank has updated its agreement with Max Financial Services to acquire an extra 7% share in Max Life?
[A] Yes Bank
[B] HDFC Bank
[C] Axis Bank
[D] ICICI Bank
Show Answer
Correct Answer: C [Axis Bank]
Notes:
Axis Bank enters into a revised pact with Max Financial Services for acquiring an additional 7% stake in Max Life.
3. Which of the following Indian women cricketers has signed a sponsorship agreement with Herbalife Nutrition India Private Limited?
[A] Smriti Mandhana
[B] Deepti Sharma
[C] Radha Yadav
[D] Ekta Bisht
Show Answer
Correct Answer: A [Smriti Mandhana]
Notes:
Nutrition company Herbalife Nutrition India Private Limited is partnering with international women’s cricketer, Smriti Mandhana as a ‘nutrition sponsor’.
4. Who has been appointed as the head of the global business group in India for Meta?
[A] Vikas Purohit
[B] Manish Kumar Verma
[C] Sandhya Devanathan
[D] Ajit Mohan
Show Answer
Correct Answer: A [Vikas Purohit]
Notes:
Vikas Purohit will head Facebook parent Meta’s global business group in India, said the social media platform. Purohit, the former CEO of Tata CLiQ, will lead Meta’s strategic relationship with brands and agencies to drive revenue growth across key channels, the company said in a statement.
5. The Reserve Bank of India (RBI) created a list of six credit rating firms and recommended banks utilize them for risk-weighting their capital adequacy claims. Which of the following credit rating agencies was NOT included on the list?
[A] India Ratings and Research Private Limited
[B] Acuite Ratings & Research Limited
[C] Credit Analysis and Research Limited
[D] Brickwork Ratings India Private Limited
Show Answer
Correct Answer: D [Brickwork Ratings India Private Limited]
Notes:
The Reserve Bank of India released a list of domestic credit rating agencies banks are advised to use for risk weighting their claims about capital adequacy. It listed Acuite Ratings & Research Limited, Credit Analysis and Research Limited (CARE), CRISIL Ratings Limited, ICRA Limited, India Ratings and Research Private Limited, and INFOMERICS Valuation and Rating Pvt Ltd.