Banking, Finance & Economy Current Affairs Quiz – December 31, 2022
December 31, 2022 December 31, 2022
1. The Government of India initially introduced the one rank one pension plan in which year?
[A] 2013
[B] 2014
[C] 2015
[D] 2016
Show Answer
Correct Answer: C [2015]
Notes:
The One Rank One Pension (OROP) scheme’s revision of the pensions for retired members of the armed forces and their families was approved by the Union Cabinet, which is presided over by Prime Minister (PM) Narendra Modi.
2. Who is the new president and chief executive officer of Suryoday Small Finance Bank?
[A] Ganesh Rao
[B] V. L. Ramakrishnan
[C] Vinay Kumar
[D] Baskar Babu Ramachandran
Show Answer
Correct Answer: D [Baskar Babu Ramachandran]
Notes:
Baskar Babu Ramachandran has been reappointed by the Reserve Bank of India (RBI) as the Managing Director (MD) and Chief Executive Officer (CEO) of Suryoday Small Finance Bank (SFB) Limited for a new term of three years beginning on January 23, 2023.
3. In accordance with the most recent RBI Report on Trends and Progress in Banking in India, 2021–22, the GNPA of the Indian Bank fell from 9% to what percentage?
[A] 6%
[B] 6.5%
[C] 5%
[D] 8%
Show Answer
Correct Answer: C [5%]
Notes:
The Gross Non-Performing Assets (GNPA) percentage of Scheduled Commercial Banks (SCBs) decreased to 5% in September 2022 from 9% in 2017–18, according to the Reserve Bank of India’s (RBI) Report on Trend and Progress of Banking in India 2021–22, published on December 27, 2022. This annual report complies with Section 36(2) of the Banking Regulation Act of 1949 and is a statutory publication.
4. How many members have been appointed to the High Power Steering Committee on Cyber Security (HPSC-CS) by the Securities and Exchange Board of India (SEBI)?
[A] Seven
[B] Eight
[C] Nine
[D] Ten
Show Answer
Correct Answer: B [Eight]
Notes:
To reinforce cyber security frameworks and cyber resilience standards, the Securities and Exchange Board of India (SEBI) expanded its High Powered Steering Committee on Cyber Security (HPSC-CS) and Information Systems Security Committee (ISSC). The number of members on this committee has increased from six to eight. Navin Kumar Singh, the DG of the National Critical Information Infrastructure Protection Center, will continue to serve as its chair (NCIIPC).
5. Which hydropower project in Bhutan was recently handed over to the DGPC by India?
[A] Chukha Hydropower Project
[B] Mangdechhu Hydroelectric Power Project
[C] Jaldhaka Power Project
[D] Both a and b
Show Answer
Correct Answer: B [Mangdechhu Hydroelectric Power Project]
Notes:
The Druk Green Power Corporation (DGPC) of Bhutan has received the 720-Megawatt Mangdechhu Hydroelectric Power Project, developed with India’s help. The two nations have successfully completed four mega hydroelectric power projects with this handover.
