Banking, Finance & Economy Current Affairs Quiz – December 3, 2022
December 3, 2022 December 3, 2022
1. Who topped Forbes’ 2022 list of India’s 100 richest with $150 billion?
[A] Hinduja Brothers
[B] Gautam Adani
[C] Cyrus Poonawalla
[D] Mukesh Ambani
Show Answer
Correct Answer: B [Gautam Adani]
Notes:
The top 10 richest Indians are worth a cumulative $385 billion. Adani Group chairman Gautam Adani has bagged the top spot on the list with a net worth of $150 billion.
2. Who released the “Carbon Capture, Utilization, and Storage (CCUS) Policy Framework and its Deployment Mechanism in India” report?
[A] Central Pollution Control Board (CPCB)
[B] National Green Tribunal (NGT)
[C] United Nations Environment Programme (UNEP)
[D] NITI Aayog
Show Answer
Correct Answer: D [NITI Aayog]
Notes:
The National Institution for Transforming India (NITI) Aayog released a report titled “Carbon Capture, Utilization, and Storage (CCUS) Policy Framework and its Deployment Mechanism in India.” The report has been prepared by MN Dastur and Company Pvt. Ltd., which received financial assistance from NITI Aayog under the research scheme. The report explores the role of CCUS as a strategy for emission reduction and to achieve decarbonization in hard-to-abate sectors.
3. SEBI recently increased the mutual fund investment limit in debt securities issued by a single user to?
[A] 10%
[B] 12%
[C] 15%
[D] 17 %
Show Answer
Correct Answer: B [12%]
Notes:
The Securities and Exchange Board of India (SEBI) increased the investment limit of mutual funds in debt instruments issued by a single user. The investment limit was increased from 10% to 12% of the net asset value (NAV) and became effective on November 29, 2022. The new regulation was issued by SEBI in the exercise of its powers conferred under Section 11 (1) of the SEBI Act 1992 along with the provisions of Regulation 77 of the SEBI (Mutual Funds) Regulations 1996. For the enhanced limit, mutual funds will require prior approval from the Board of Trustees and Directors of the Asset Management Company (AMC).
4. Which of the following organizations recently unveiled Asia’s first end-to-end embedded financial platform, Zwitch?
[A] HSBC India
[B] Woori Bank
[C] DBS Bank India
[D] SBM Bank India
Show Answer
Correct Answer: D [SBM Bank India]
Notes:
The Securities and Exchange Board of India (SEBI) increased the investment limit of mutual funds in debt instruments issued by a single user. The investment limit was increased from 10% to 12% of the net asset value (NAV) and became effective on November 29, 2022. The new regulation was issued by SEBI in the exercise of its powers conferred under Section 11 (1) of the SEBI Act 1992 along with the provisions of Regulation 77 of the SEBI (Mutual Funds) Regulations 1996.
5. Who issued the “Review of Maritime Transport-2022” report?
[A] NITI Aayog
[B] UNCTAD
[C] IMF
[D] WTO
Show Answer
Correct Answer: B [UNCTAD]
Notes:
The United Nations Conference on Trade and Development (UNCTAD) published a report titled “Review of Maritime Transport 2022.” According to the Review of Maritime Transport 2022 report, the pace of global shipping activity will decrease in 2023. According to the report, global maritime trade will grow by 1.4% in 2022 and remain stable in 2023.
