Banking, Finance & Economy Current Affairs Quiz -November 18, 2022
November 18, 2022 November 18, 2022
1. Who has been named a full-time member of the NITI Aayog?
[A] Arvind Virmani
[B] Bhagwan Lal Sahni
[C] Rekha Sharma
[D] Priyank Kanungo
Show Answer
Correct Answer: A [Arvind Virmani]
Notes:
Former Chief Economic Advisor, Arvind Virmani has been appointed as a full time member of NITI Aayog. The other existing Members of NITI Aayog are VK Saraswat, Ramesh Chand and VK Paul.
2. The Reserve Bank of India (RBI) has selected five banks to participate in the CBDC retail experiment. What does CBDC mean?
[A] Central bank deferred currency
[B] Central bank deposit currency
[C] Central bank digital currency
[D] Central bank digital code
Show Answer
Correct Answer: C [Central bank digital currency]
Notes:
State Bank of India, HDFC Bank, ICICI Bank and IDFC First Bank are on a shortlist of at least five lenders that the Reserve Bank of India (RBI) has roped in to work on the retail pilot of its central bank digital currency (CBDC).
3. Which nation is the second largest producer of steel?
[A] China
[B] India
[C] Russia
[D] United states
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Correct Answer: B [India]
Notes:
Union Minister of Steel Jyotiraditya Scindia has said that the country which was earlier a net importer of the steel has now become a net exporter. He informed that India has also moved from 4th largest producer of steel to the second largest producer of steel at global scale.
4. Which country fined Air India $1.4 million for refund delays?
[A] United States
[B] Russia
[C] China
[D] Ukraine
Show Answer
Correct Answer: A [United States]
Notes:
The US Department of Transportation (DOT) has fined Air India $1.4 million (around Rs 11.3 crore) for delaying refunds worth $121.5 million (around Rs 985 crore) to passengers whose flights were cancelled during the Covid-19 pandemic.
5. By which year may 5G contribute up to 2% of India’s GDP?
[A] 2030
[B] 2031
[C] 2032
[D] 2034
Show Answer
Correct Answer: A [2030]
Notes:
The launch of 5G services will strengthen India’s position as an economic and technology powerhouse globally and is expected to boost 2% of the country’s gross domestic product (GDP), amounting to approximately $180 billion by 2030, according to a new report by industry body Nasscom.
