Banking, Finance & Economy Current Affairs Quiz -December 19, 2022
December 19, 2022 December 19, 2022
1. How many products have received the GI label from the government?
[A] 432
[B] 433
[C] 343
[D] 456
[B] 433
[C] 343
[D] 456
Correct Answer: A [432]
Notes:
The Assam Gamosa, the Telangana Tandur Redgram, and a Ladakh apricot variety are just a few of the items that have received the Geographical Indications (GI) label from the government. The overall number of GI has reached 432.
The Assam Gamosa, the Telangana Tandur Redgram, and a Ladakh apricot variety are just a few of the items that have received the Geographical Indications (GI) label from the government. The overall number of GI has reached 432.
2. What is the purpose of the government’s spending of Rs 75 crore for three years?
[A] To promote Geographical Indications (GI)
[B] To support the promotion of GIs
[C] To raise awareness about GIs
[D] All of the above
[B] To support the promotion of GIs
[C] To raise awareness about GIs
[D] All of the above
Correct Answer: D [All of the above]
Notes:
The government approved spending of Rs 75 crore for three years for GI promotion at awareness programmes, supporting the promotion of GIs. A GI is primarily a produced product (handicrafts and industrial goods), an agricultural product, or a natural product that comes from a specific geographic region. Such a name typically carries a
The government approved spending of Rs 75 crore for three years for GI promotion at awareness programmes, supporting the promotion of GIs. A GI is primarily a produced product (handicrafts and industrial goods), an agricultural product, or a natural product that comes from a specific geographic region. Such a name typically carries a
3. Which of the following statements is true about the Reserve Bank of India issuing Sovereign Gold Bonds?
[A] The Reserve Bank of India will issue two tranches of Sovereign Gold Bonds in December and March, which will be open for public subscription.
[B] The Reserve Bank of India will only issue one tranche of Sovereign Gold Bonds in December, which will be open for public subscription.
[C] The Reserve Bank of India will only issue one tranche of Sovereign Gold Bonds in March, which will be open for public subscription.
[D] The Reserve Bank of India will not be issuing any Sovereign Gold Bonds in December or March.
[B] The Reserve Bank of India will only issue one tranche of Sovereign Gold Bonds in December, which will be open for public subscription.
[C] The Reserve Bank of India will only issue one tranche of Sovereign Gold Bonds in March, which will be open for public subscription.
[D] The Reserve Bank of India will not be issuing any Sovereign Gold Bonds in December or March.
Correct Answer: A [The Reserve Bank of India will issue two tranches of Sovereign Gold Bonds in December and March, which will be open for public subscription.]
Notes:
The Reserve Bank of India is to issue two tranches of Sovereign Gold Bonds, which will open for public subscription in December and March. The Reserve Bank of India is to issue two tranches of Sovereign Gold Bonds, which will open for public subscription in December and March. Sovereign Gold Bonds (SGBs) 2022-23-Series III will open for subscription during December 19-December 23 and 2022-23-Series IV during March 06-10, 2023. These bonds are issued by the Reserve Bank of India (RBI) on behalf of the government.
The Reserve Bank of India is to issue two tranches of Sovereign Gold Bonds, which will open for public subscription in December and March. The Reserve Bank of India is to issue two tranches of Sovereign Gold Bonds, which will open for public subscription in December and March. Sovereign Gold Bonds (SGBs) 2022-23-Series III will open for subscription during December 19-December 23 and 2022-23-Series IV during March 06-10, 2023. These bonds are issued by the Reserve Bank of India (RBI) on behalf of the government.
4. Which of the following statements is true about HDFC Bank’s annual grants program for social startups?
[A] HDFC Bank has announced the launch of its sixth annual grants program for social startups in partnership with the Government of India’s flagship initiative ‘Startup India’.
[B] HDFC Bank has announced the launch of its fifth annual grants program for social startups in partnership with the Government of India’s flagship initiative ‘Startup India’.
[C] HDFC Bank has not announced any annual grants program for social startups in partnership with the Government of India’s flagship initiative ‘Startup India’.
[D] DFC Bank has announced the launch of its seventh annual grants program for social startups in partnership with the Government of India’s flagship initiative ‘Startup India’.
[B] HDFC Bank has announced the launch of its fifth annual grants program for social startups in partnership with the Government of India’s flagship initiative ‘Startup India’.
[C] HDFC Bank has not announced any annual grants program for social startups in partnership with the Government of India’s flagship initiative ‘Startup India’.
[D] DFC Bank has announced the launch of its seventh annual grants program for social startups in partnership with the Government of India’s flagship initiative ‘Startup India’.
Correct Answer: A [HDFC Bank has announced the launch of its sixth annual grants program for social startups in partnership with the Government of India’s flagship initiative ‘Startup India’.]
Notes:
HDFC Bank announced the launch of its sixth annual grants program for social startups in partnership with the Government of India’s flagship initiative ‘Startup India’. HDFC Bank announced the launch of its sixth annual grants program for social startups in partnership with the Government of India’s flagship initiative ‘Startup India’. Known as Parivartan SmartUp Grants, the program aims to identify startups working in the social impact space and support them through monetary grants to their incubators.
HDFC Bank announced the launch of its sixth annual grants program for social startups in partnership with the Government of India’s flagship initiative ‘Startup India’. HDFC Bank announced the launch of its sixth annual grants program for social startups in partnership with the Government of India’s flagship initiative ‘Startup India’. Known as Parivartan SmartUp Grants, the program aims to identify startups working in the social impact space and support them through monetary grants to their incubators.
5. Which of the following statements is true about Bank of Baroda’s plans to sell its majority stake in Nainital Bank?
[A] The board of directors of Bank of Baroda has approved divestment of its majority shareholding in Nainital Bank Limited and authorized the issuance of an advertisement inviting Expressions of Interest through a Preliminary Information Memorandum from interested parties.
[B] The board of directors of Bank of Baroda has approved divestment of its minority shareholding in Nainital Bank Limited and authorized the issuance of an advertisement inviting Expressions of Interest through a Preliminary Information Memorandum from interested parties.
[C] The board of directors of Bank of Baroda has not approved any plans to sell its stake in Nainital Bank Limited.
[D] The board of directors of Bank of Baroda has approved divestment of its majority shareholding in Nainital Bank Limited, but has not authorized the issuance of an advertisement inviting Expressions of Interest through a Preliminary Information Memorandum from interested parties.
[B] The board of directors of Bank of Baroda has approved divestment of its minority shareholding in Nainital Bank Limited and authorized the issuance of an advertisement inviting Expressions of Interest through a Preliminary Information Memorandum from interested parties.
[C] The board of directors of Bank of Baroda has not approved any plans to sell its stake in Nainital Bank Limited.
[D] The board of directors of Bank of Baroda has approved divestment of its majority shareholding in Nainital Bank Limited, but has not authorized the issuance of an advertisement inviting Expressions of Interest through a Preliminary Information Memorandum from interested parties.
Correct Answer: A [The board of directors of Bank of Baroda has approved divestment of its majority shareholding in Nainital Bank Limited and authorized the issuance of an advertisement inviting Expressions of Interest through a Preliminary Information Memorandum from interested parties.]
Notes:
State-owned Bank of Baroda (BoB) said it plans to sell its majority stake in Nainital Bank. The board of directors of the bank has approved divestment of its majority shareholding in Nainital Bank Limited (NBL), and authorised issuance of an advertisement inviting Expressions of Interest (EOI) through a Preliminary Information Memorandum (PIM) from interested parties (IPs).
State-owned Bank of Baroda (BoB) said it plans to sell its majority stake in Nainital Bank. The board of directors of the bank has approved divestment of its majority shareholding in Nainital Bank Limited (NBL), and authorised issuance of an advertisement inviting Expressions of Interest (EOI) through a Preliminary Information Memorandum (PIM) from interested parties (IPs).