Banking, Finance & Economy Current Affairs Quiz – January 18, 2023
January 18, 2023 January 18, 2023
1. According to the National Payments Corporation of India (NPCI), what types of bank accounts are currently eligible for UPI transactions?
[A] Savings accounts
[B] Checking accounts
[C] Non-Resident External (NRE) and Non-Resident Ordinary (NRO) accounts linked to foreign mobile numbers
[D] Corporate accounts
Show Answer
Correct Answer: C [Non-Resident External (NRE) and Non-Resident Ordinary (NRO) accounts linked to foreign mobile numbers]
Notes:
The Non-Resident External (NRE) and Non-Resident Ordinary (NRO) bank accounts, which are linked to foreign mobile numbers, are now eligible for UPI (Unified Payments Interface) transactions, according to the National Payments Corporation of India (NPCI).
2. What is the main objective of the Global South Centre of Excellence that Indian Prime Minister Narendra Modi recently announced?
[A] To improve infrastructure development in rural areas
[B] To promote foreign trade
[C] To research development strategies for underdeveloped nations
[D] To increase the budget for education
Show Answer
Correct Answer: C [To research development strategies for underdeveloped nations]
Notes:
India will launch a Global South Centre of Excellence, according to Prime Minister Narendra Modi, to research development strategies for underdeveloped nations. The provisional direct tax collection data, according to the finance ministry, show a continued steady rise.
3. What is the name of the Ministry of Health and Family Welfare’s (MoHFW) most recent report?
[A] The National Health Statistics Report 2021-22
[B] The Urban Health Statistics Report 2021-22
[C] The Rural Health Statistics Report 2021-22
[D] The Health and Wellness Statistics Report 2021-22
Show Answer
Correct Answer: C [The Rural Health Statistics Report 2021-22]
Notes:
The Ministry of Health and Family Welfare (MoHFW) recently released the Rural Health Statistics Report 2021-22, which provides an overview of rural healthcare infrastructure and human resources in India.
4. What was the value of trade between China and India, which hit an all-time high in 2022?
[A] USD 135.98 billion
[B] USD 135.78 billion
[C] USD 135.38 billion
[D] USD 135.58 billion
Show Answer
Correct Answer: A [USD 135.98 billion]
Notes:
The tremendous growth of India-China commerce since the turn of the century has led China to become India’s top partner for goods trade by 2008, according to an official brief on trade provided on the Indian Embassy website in Beijing. Bilateral commerce between China and India increased by 75.30% between 2015 and 2021, growing by an average of 12.55% per year.
5. Which bank cooperated with Garuda Aerospace on financing 150 drones?
[A] SBI
[B] Union Bank of India
[C] Axis Bank
[D] HDFC Bank
Show Answer
Correct Answer: B [Union Bank of India]
Notes:
The Union Bank of India and India’s top drone company, Garuda Aerospace, have announced their collaboration. About 150 Garuda Agri Kisan drones have been approved for drone loans under the Kisan Pushpak Scheme due to the agreement.
