Banking, Finance & Economy Current Affairs Quiz -February 6,2023
February 6, 2023 February 6, 2023
1. How many crore rupees were issued by the Indore Municipal Corporation as secured, redeemable NCDs?
[A] 250
[B] 244
[C] 234
[D] 267
Show Answer
Correct Answer: B [244]
Notes:
The Indore Municipal Corporation has issued Non-Convertible Debentures (NCDs) with a face value of Rs 1000 each, for a total of Rs 122 crore, with the option to retain over-subscription up to Rs 122 crore, making the total issue size Rs 244 crore.
2. Which bank has recently implemented the first phase of the RBI’s digital currency?
[A] Kotak Mahindra Bank
[B] Axis Bank
[C] HDFC
[D] SBI
Show Answer
Correct Answer: A [Kotak Mahindra Bank]
Notes:
Kotak Mahindra Bank Limited has started the first phase of the Central Bank Digital Currency (CBDC) project, which is known as “Digital Rupee” (e₹), a form of digital currency that is legally equivalent to paper money and coins. The Reserve Bank of India has selected KMBL as one of eight banks to participate in the pilot project for the issuance of e₹.
3. What year did the FAME scheme initiate?
[A] 2015
[B] 2016
[C] 2017
[D] 2018
Show Answer
Correct Answer: A [2015]
Notes:
Faster Adoption and Manufacturing of Electric and Hybrid Vehicles, or FAME, was introduced in 2015 to boost the nation’s sales of electric automobiles. The National Electric Mobility Mission began the programme. The GoI budgeted Rs 5,172 crores for the fiscal year 2024 at the Union Budget 2023. When compared to the 2022 budget, this is 78% more.
4. What is the prime focus of India’s BIND (Broadcasting Infrastructure and Network Development) Scheme?
[A] To improve the quality of broadcast content for private satellite stations
[B] To increase the number of channels available on DTH
[C] To promote society-related programs through public service broadcasting
[D] To expand the reach of All India Radio to 80% of the population
Show Answer
Correct Answer: D [To expand the reach of All India Radio to 80% of the population]
Notes:
Recently, the Broadcasting Infrastructure and Network Development scheme was introduced to give Prasar Bharati, India’s state broadcaster, financial help.t intends to strengthen the infrastructure of the nation’s public broadcasters, including Doordarshan, All India Radio, and others. Prasar Bharati gets a facelift! For the recently announced Broadcasting Infrastructure and Network Development (BIND) Scheme, which has a total outlay of over Rs 2,500 crore, Rs 600 crore has been set aside from the expected Rs 1,100 crore for the Ministry of Information and Broadcasting.
5. Which of the following General Atomics Aeronautical Systems, Inc. (GA-ASI) initiatives was not launched by GA-ASI in India after the launch of the India-US initiative on Critical and Emerging Technology (iCET)?
[A] Partnership with 114ai to create next-gen AI technologies
[B] Partnership with the Indian start-up 3rdiTech in the field of semiconductors
[C] Partnership with a sports company to promote physical fitness
[D] Partnership with Bharat Forge Limited in the field of aerostructure manufacturing
Show Answer
Correct Answer: C [Partnership with a sports company to promote physical fitness]
Notes:
The US-based company General Atomics Aeronautical Systems, Inc. (GA-ASI) has started three important projects in India in the areas of AI, drones, and semiconductors following the launch of a joint US-India initiative on Critical and Emerging Technology (iCET).
