Banking, Finance & Economy Current Affairs Quiz -November 28, 2022
November 28, 2022 November 27, 2022
1. Which of the following organizations recently issued a circular on the calculation of the LCR?
[A] RBI
[B] SEBI
[C] NABARD
[D] SIDBI
Show Answer
Correct Answer: A [RBI]
Notes:
The Reserve Bank of India (RBI) announced that overnight balances under the Standing Deposit Facility (SDF), held by banks with the RBI, were eligible for Liquidity Coverage Ratio (LCR) computation. It will be eligible as Level 1 High-Quality Liquid Assets (HQLA) for LCR computation. The circular by the RBI came after the central bank received concerns from the banks regarding the treatment of SDF under the Liquidity Risk Management Framework.
2. CRISIL has updated its estimate of India’s real gross domestic product (GDP) growth for the current fiscal year (2022-23) from what percentage to seven percent ?
[A] 7.1 per cent
[B] 7.2 per cent
[C] 7.3 per cent
[D] 7.4 per cent
Show Answer
Correct Answer: C [7.3 per cent]
Notes:
CRISIL has revised its forecast for India’s real gross domestic product (GDP) growth to 7 per cent for the current fiscal (2022-23) from 7.3 per cent estimated previously.
3. Which one of the following The 7th edition of the knowledge summit ‘Evolve’ for MSMEs was just started by banks ?
[A] SBI bank
[B] Paytm Bank
[C] ICICI bank
[D] Axis bank
Show Answer
Correct Answer: D [Axis bank]
Notes:
Axis Bank launches 7th edition of knowledge summit ‘Evolve’ for MSMEs The current edition is focused on the broader theme of ‘Indian SMEs: Shifting Gears for Next Level Growth’ with sub-themes such as ‘Digitalization to Building Indian SMEs’ and ‘Export Opportunities for SMEs in the New World Order’.
4. According to the Reserve Bank of India’s Handbook of Statistics on Indian Statistics, Karnataka has the most installed grid-interactive renewable power capacity in India, with a total installed capacity of how many megawatts?
[A] 10,045 megawatts
[B] 15,463 megawatts
[C] 11,547 megawatts
[D] 20,001 megawatts
Show Answer
Correct Answer: B [15,463 megawatts]
Notes:
Karnataka came at the top position while comparing the total installed capacity of grid-interactive renewable power of all the states of the country.
5. Which country assumed the leadership of the Global Partnership on Artificial Intelligence (GPAI) in November 2022?
[A] Canada
[B] United Kingdom
[C] Germany
[D] France
Show Answer
Correct Answer: D [France]
Notes:
India will take over the chair of the Global Partnership on Artificial Intelligence (GPAI). The minister of state for Electronics and IT, Rajeev Chandrasekhar will represent India at the GPAI meeting. It will be held on 21 November in Tokyo for the symbolic takeover from France, which is the outgoing Council Chair.
