Banking, Finance & Economy Current Affairs Quiz -January 17, 2023
January 17, 2023 January 17, 2023
1. According to ICRA, gross bond issuances by Indian banks reached a record of Rs. how many crores in the first nine months (April to December) of the fiscal year 2022-23?
[A] 70,000 crore
[B] 90,000 crore
[C] 95,000 crore
[D] 91,500 crore
Show Answer
Correct Answer: D [91,500 crore]
Notes:
Gross bond issuances by Indian banks hit a record of Rs. 91,500 crores in the first nine months (April to December) of the fiscal year 2022–23, according to a study from credit rating agency ICRA Limited (previously Investment Information and Credit Rating Agency of India Limited) (FY23).
2. Who has been appointed as the Director of Global Business Group’s India operations?
[A] RS Sodhi
[B] Vikas Purohit
[C] Michael Debabrata Patra
[D] Chetan Sharma
Show Answer
Correct Answer: B [Vikas Purohit]
Notes:
Facebook’s parent firm, Meta, on 9th January 2023, announced the appointment of Vikas Purohit as the Director of Global Business Group for its India operations.
3. Which of the following statements most accurately defines the Pradhan Mantri Garib Kalyan Ann Yojana (PMGKAY)?
[A] A scheme to provide free education to poor children in India
[B] A scheme to provide free healthcare to poor people in India
[C] An integrated food security scheme launched by the Central Government of India to provide free foodgrains to more than 80 crore poor people across the country
[D] A scheme to provide financial assistance to small and medium businesses in India
Show Answer
Correct Answer: C [An integrated food security scheme launched by the Central Government of India to provide free foodgrains to more than 80 crore poor people across the country]
Notes:
An integrated food security program called Pradhan Mantri Garib Kalyan Ann Yojana (PMGKAY) was introduced by the Indian Central Government in January 2023. More than 80 crore underprivileged individuals in the country are to receive free food grains as part of the program. The program was implemented in response to opposition criticism of the government’s decision to end the free monthly distribution of 5 kilograms of food grains to the impoverished under the PMGKAY program. In reaction to the coronavirus pandemic, the previous program began in April 2020 and lasted until December 2022.
4. Which of the following best describes the recent incentive scheme approved by the Indian government?
[A] A scheme to promote the use of electric vehicles in India
[B] A scheme to provide financial assistance to farmers in India
[C] An incentive scheme worth Rs 2,600 crore to promote Rupay debit card and low-value BHIM-UPI transactions in the current financial year
[D] A scheme to promote the use of renewable energy sources in India
Show Answer
Correct Answer: C [An incentive scheme worth Rs 2,600 crore to promote Rupay debit card and low-value BHIM-UPI transactions in the current financial year]
Notes:
The Indian government recently approved an incentive scheme worth Rs 2,600 crore to encourage low-value BHIM-UPI transactions and Rupay debit cards used in the current fiscal year. A meeting of the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, was where the decision was reached.
5. Who publishes the Global Economic Prospects report?
[A] World Bank
[B] IMF
[C] US Financial Department
[D] Both a and b
Show Answer
Correct Answer: A [World Bank]
Notes:
The newest Global Economic Prospects report from the World Bank details a slowdown in global growth as a result of several issues, including increased inflation, higher interest rates, less investment, and interruptions brought on by Russia’s invasion of Ukraine.
