Banking, Finance & Economy Current Affairs Quiz -January 20, 2023
January 20, 2023 January 20, 2023
1. Which bank and WDRA recently signed an agreement to support farmers?
[A] Axis bank
[B] ICICI
[C] HDFC
[D] SBI
Show Answer
Correct Answer: D [SBI]
Notes:
A Memorandum of Understanding (MoU) between the Warehousing Development and Regulatory Authority (WDRA) and the State Bank of India (SBI) has been linked to assisting farmers in obtaining loans with low-interest rates. The MoU was signed to raise awareness of the new loan product known as “Produce Marketing Loan” to fund against e-NWRs (electronic Negotiable Warehouse Receipts), which has features like zero processing fee, no additional collateral, and competitive interest rates.
2. How many crores did India spend on locomotives from Siemens Mobility?
[A] Rs 27000 crore
[B] Rs 26000 crore
[C] Rs 28000 crore
[D] Rs 23000 crore
Show Answer
Correct Answer: B [Rs 26000 crore]
Notes:
Indian Railways, which is under the Ministry of Railways of the Government of India, has ordered 1,200 electric locomotives with 9,000 horsepower from Siemens Mobility, which is operated by Siemens AG of Germany, for 3 billion Euros (about Rs 26,000 crore) (HP). This agreement calls for the delivery of locomotives over an 11-year period and calls for 35 years of full-service maintenance. This order for locomotives represents the single largest order ever placed by Siemens Mobility and Siemens India combined.
3. Who published SSAE 3000, “Assurance Engagements on Sustainability Information,” The Standard on Sustainability Assurance Engagements?
[A] DRDO
[B] ICAI
[C] SEBI
[D] NABARD
Show Answer
Correct Answer: B [ICAI]
Notes:
The Standard on Sustainability Assurance Engagements (SSAE) 3000, “Assurance Engagements on Sustainability Information,” was published by the Sustainability Reporting Standards Board (SRSB) of the Institute of Chartered Accountants of India (ICAI).The ICAI created the first audit standard of its sort in the planet’s history to help its members give reporting organizations “reasonable or limited” confidence in sustainable information.
4. Currently, prior approval from the RBI is needed to acquire more than what percentage of a bank’s stock?
[A] 5%
[B] 6%
[C] 3.5%
[D] 7%
Show Answer
Correct Answer: A [5%]
Notes:
Anyone who intends to make an acquisition that is likely to result in a major shareholding in a banking company must first obtain the RBI’s prior approval by submitting an application, according to the Reserve Bank of India (Acquisition and Holding of Shares or Voting Rights in Banking Companies) Directions, 2023″ published on January 16, 2023.
5. Which country signed a green hydrogen development agreement with India?
[A] Saudi Arabia
[B] USA
[C] UAE
[D] Russia
Show Answer
Correct Answer: C [UAE]
Notes:
The agreement on cooperation in the field of Green Hydrogen Development and Investment was signed by the Union Minister of Power and New and Renewable Energy Raj Kumar Singh and UAE’s (United Arab Emirates) Minister of Energy and Infrastructure Suhail Al Mazrouei.
