Banking, Finance & Economy Current Affairs Quiz -December 24, 2022
December 24, 2022 December 24, 2022
1. Which of the following payment solution companies has requested that the RBI temporarily halt the onboarding of new clients for their payment processing business?
[A] PayTm
[B] GooglePay
[C] RazorPay
[D] PhonePay
Show Answer
Correct Answer: C [RazorPay]
Notes:
The Reserve Bank of India has asked Razorpay and Cashfree to temporarily stop the onboarding of new customers for their payment processing businesses. It is a temporary move and has no impact on Razorpay’s existing business operations or current merchants. According to Razorpay, they received in-principle approval from the RBI in July for a payment aggregator and payment gateway license, and the company is now required to share additional details with the RBI to aid in the final licence process.
2. Which of the following banks has announced that it has entered into a corporate agency arrangement with HDFC Life for soliciting insurance plans for HDFC Life through the bancassurance business model?
[A] Capital Small Finance Bank
[B] AU Small Finance Bank
[C] Equitas Small Finance Bank
[D] Jana Small Finance Bank
Show Answer
Correct Answer: B [AU Small Finance Bank ]
Notes:
AU Small Finance Bank announced that it has entered into a corporate agency arrangement with HDFC Life for soliciting insurance plans for HDFC Life through the bancassurance business model. This partnership would enable diverse customers of AU Small Finance Bank to access the entire range of life insurance products offered by HDFC Life, thus fulfilling their need for financial protection.
3. HDFC Securities recently announced the New Learn Platform, which is powered by Google Search. What is the name of the platform?
[A] Udacity
[B] Learnify
[C] Google learn
[D] Roots
Show Answer
Correct Answer: D [Roots]
Notes:
Stock brokerage firm HDFC Securities has launched Roots, a dedicated platform providing comprehensive investor education and market analysis. The site offers multiple forms of valuable information, including articles, bite-sized tips, podcasts by experts, video tutorials and explainers, and a live social media feed on the Indian financial markets. The biggest USP of the platform is that it produces content that is being searched on Google by current or prospective investors and traders.
4. Which of the following financial institutions recently introduced “Zero Free Banking” on savings accounts?
[A] SBI Bank
[B] IDFC First Bank
[C] UCO bank
[D] Canara Bank
Show Answer
Correct Answer: B [IDFC First Bank]
Notes:
Private sector IDFC First Bank has announced a waiver of charges on a number of customer-centric services such as cash deposits, withdrawals, demand drafts, IMPS, and SMS alerts, among others, ahead of its Foundation Day. Bank has announced “zero-fee banking” on savings accounts. Customers with as little as Rs 10,000 in average monthly balance in savings accounts and Rs 25,000 in average monthly balance in current accounts will be eligible for these services at no cost.
5. FuelBuddy has partnered with which firm to offer its automotive and industrial lubricant, ‘SERVO,’ to customers throughout the country?
[A] Indian Oil Corporation
[B] Hindustan Petroleum
[C] Oil and Natural Gas Corporation
[D] Steel Authority of India Limited
Show Answer
Correct Answer: A [Indian Oil Corporation]
Notes:
Doorstep fuel delivery service provider, FuelBuddy has announced a partnership with Indian Oil Corp. Ltd. (IOCL) for the supply of its automotive and industrial lubricant, ‘SERVO’, to customers across the country.
