Banking, Finance & Economy Current Affairs Quiz -January 5, 2023
January 5, 2023 January 5, 2023
1. Which of the following banks is designated as a D-SIB by the Reserve Bank of India?
[A] HDFC
[B] SBI
[C] ICICI
[D] All of the above
Show Answer
Correct Answer: D [All of the above]
Notes:
The Reserve Bank of India has designated the three largest lenders in India – State Bank of India, ICICI Bank, and HDFC Bank – as Domestic Systemically Important Banks (D-SIBs).
2. According to the recent RBI data, how much CAD was there in Q2FY23?
[A] USD 50.40 billion
[B] USD 36.40 billion
[C] USD 35.40 billion
[D] USD 33.40 billion
Show Answer
Correct Answer: B [USD 36.40 billion]
Notes:
India’s current account deficit widened in Q2 of the fiscal year 2022–23, according to preliminary statistics from the RBI, as a result of a wider trade imbalance brought on by high commodity prices and a depreciating rupee.
3. Which state has signed an Rs. 2,275 billion deal with ADB to upgrade the electricity distribution network?
[A] Maharashtra
[B] Tripura
[C] Assam
[D] Meghalaya
Show Answer
Correct Answer: B [Tripura]
Notes:
The Asian Development Bank (ADB) and the Tripura government have entered into a Rs 2,275 crore deal to upgrade and increase the effectiveness of Tripura’s power distribution system.
4. Which MoRD challenge was recently launched to change the rural economy?
[A] Prajjwala challenge
[B] Rural Revolution
[C] Utkarsh 2.0
[D] Village economics
Show Answer
Correct Answer: A [Prajjwala challenge]
Notes:
The Ministry of Rural Development’s Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM) has launched the ‘Prajjwala Challenge’ to invite ideas, solutions, and actions that can transform the rural economy.
5. What was the average Purchasing Managers’ Index (PMI) for the three months of October to December, according to the S&P Global India Manufacturing Purchasing Managers’ Index (PMI)?
[A] 56.3
[B] 57.5
[C] 55
[D] 70
Show Answer
Correct Answer: A [56.3]
Notes:
According to the S&P Global India Manufacturing Purchasing Managers’ Index (PMI), December 2022 saw the manufacturing sector’s largest production increase in 13 months. The PMI averaged 56.3 for the three months of October to December, the highest reading in a year. It suggests that the manufacturing industry is doing well and might be helping to create jobs.
