Banking, Finance & Economy Current Affairs Quiz -December 1, 2022
December 1, 2022 December 1, 2022
1. How many percentage points lower does S&P’s prediction for India’s GDP growth arrive out to in 2022-23?
[A] 4%
[B] 5%
[C] 6%
[D] 7%
Show Answer
Correct Answer: D [7%]
Notes:
Standard & Poor (S&P) Global Ratings in a report released on 28 November 2022 has lowered India’s GDP growth forecast for 2022-23 by 30 bps to 7 percent.
2. Recently, SEBI issued a consistent framework for OTC trades involving non-convertible securities. The new regulation would become effective on what date?
[A] 1 April 2023
[B] 1 June 2023
[C] 1 October 2023
[D] 1 January 2023
Show Answer
Correct Answer: D [1 January 2023]
Notes:
SEBI has recently released uniform format for OTC trades in non-convertible securities. The new guideline would come into force from 1 January 2023.
3. With whom did BSE sign an agreement to guarantee that the BSE is equipped with the greatest possible degree of cybersecurity?
[A] WeSecureApp
[B] Hicube Infosec
[C] Skylark
[D] TAC Security
Show Answer
Correct Answer: D [TAC Security]
Notes:
Risk and vulnerability management company TAC Security announced that it signed an agreement with the oldest stock exchange to ensure that the BSE is empowered with the highest possible level of cybersecurity. BSE will get a holistic view of their risk-vulnerability management on a single platform using TAC Security’s ESOF (Enterprise Security in One Framework).
4. Which of the following banks was the first to introduce Loan Against Deposits (LAD) and Dollar Bonds for NRI clients at its GIFT City, Gujarat branch?
[A] ICICI Bank
[B] Yes Bank
[C] HDFC Bank
[D] SBI
Show Answer
Correct Answer: A [ICICI Bank]
Notes:
ICICI Bank has launched two new products– Loan Against Deposits (LAD) and Dollar Bonds– for NRI customers at its branch in GIFT City, the Gujarat-based emerging global financial and IT services hub. ICICI Bank is the first bank to offer these products in GIFT City.
5. India was awarded the International Electrotechnical Commission (IEC) Vice Presidency and Strategic Management Board (SMB) Chair for 2023-25. Who will represent India as Vice President of the IEC?
[A] Sudeep Sarkar
[B] Ajay Mahajan
[C] Charu Mathur
[D] Vimal Mahendru
Show Answer
Correct Answer: D [Vimal Mahendru]
Notes:
India won the International Electrotechnical Commission, IEC Vice Presidency and Strategic Management Board (SMB) Chair for the 2023-25 term. Mr. Vimal Mahendru will be the IEC Vice President representing India.
