Banking, Finance & Economy Current Affairs Quiz – January 30, 2023
January 30, 2023 January 30, 2023
1. Which of the following is a key feature of the recently approved Competition (Amendment) Bill, 2022 in India?
[A] Increasing the time limit for approval of mergers & acquisitions
[B] Introducing a limitation period of three years for filing cases
[C] Making reasonable use of intellectual property rights a valid defence against allegations of abuse of dominance
[D] None of the above
Show Answer
Correct Answer: C [Making reasonable use of intellectual property rights a valid defence against allegations of abuse of dominance]
Notes:
The Union Cabinet of India, chaired by Prime Minister Narendra Modi, has approved the reworked Competition (Amendment) Bill, 2022, which seeks to introduce changes in the governing structure of the Competition Commission of India (CCI) and modify the substantive, procedural and institutional provisions in the current competition law to address the needs of new age market.
2. Which ministry organised the six-day mega event “Bharat Parv” on the lawns of the Red Fort?
[A] Ministry of Tourism
[B] Ministry of Education
[C] Ministry of Environment and Forests
[D] Ministry of Culture
Show Answer
Correct Answer: A [Ministry of Tourism]
Notes:
Ministry of Tourism organized a 6-day mega event “Bharat Parv” at Red Fort lawns. The six-day mega event Bharat Parv will be organized at Red Fort in Delhi from the 26th to the 31st of this month as part of the Republic Day Celebrations.
3. Which ministry is proposing tax-paid bonds?
[A] Ministry of Power
[B] Ministry of foreign affairs
[C] Finance Ministry
[D] Ministry of Commerce
Show Answer
Correct Answer: A [Ministry of Power]
Notes:
The Government of India has implemented the use of green bonds as a means to develop the clean energy sector within the country. These bonds serve as a type of loan security and are typically tax-free to incentivise more green projects. However, the Power Ministry recently proposed imposing taxes on these bonds.
4. Which bank has launched Vikram credit card?
[A] Bank of Baroda
[B] SBI
[C] Axis bank
[D] HDFC
Show Answer
Correct Answer: A [Bank of Baroda]
Notes:
Bob Financial Solutions Limited (BFSL), a subsidiary of Bank of Baroda, has launched a new contactless credit card called ‘Vikram’. It is specifically designed for Indian defence, paramilitary, and police personnel. The card was launched on January 26, 2023, the 74th Republic Day in India.
5. Which of the following companies launched a USD 10 billion investment in OpenAI, whose artificial intelligence application ChatGPT?
[A] Apple
[B] Amazon
[C] Tesla
[D] Microsoft
Show Answer
Correct Answer: D [Microsoft]
Notes:
Microsoft Corp. is investing $10 billion in OpenAI, whose artificial intelligence tool ChatGPT. The deal will give a boost to Microsoft’s Azure cloud, while providing OpenAI with additional specially designed supercomputers to run its complex AI models and fuel its research.
