1. Which organisation collaborated with Arthimpact Digital Loans (ARTH) to deliver end-to-end fintech solutions as well as other support such as skills and micro-financial services?
[A] NABARD
[B] SIDBI
[C] SBI Insurance
[D] HDFC Bank
Show Answer
Correct Answer: A [NABARD]
Notes:
The National Bank for Agriculture and Rural Development (NABARD) has entered into a partnership agreement with Arthimpact Digital Loans (ARTH).
2. Which state launched the ‘Apna Kangra’ app?
[A] Kerala
[B] Himachal Pradesh
[C] Maharashtra
[D] Arunachal Pradesh
Show Answer
Correct Answer: B [Himachal Pradesh]
Notes:
Recently , The Chief Minister of Himachal Pradesh, Jai Ram Thakur launched the ‘Apna Kangra’ app.The app was launched to grant a hassle-free experience to the tourists and enhance the sale of local handicrafts.
3. J&K has signed a Memorandum of Understanding with which country to modernize the sheep farming sector?
[A] Sri Lanka
[B] Fiji
[C] Norway
[D] New Zealand
Show Answer
Correct Answer: D [New Zealand]
Notes:
The Jammu and Kashmir government has signed MoU with New Zealand. The MoU was signed to transform the sheep farming sector in the UT.
4. Fisdom has partnered with which bank to provide wealth management products and services to the bank’s customers?
[A] Canara Bank
[B] Bank of Maharashtra
[C] Dena Bank
[D] UCO Bank
Show Answer
Correct Answer: B [Bank of Maharashtra]
Notes:
Fisdom has partnered with the Bank of Maharashtra in this partnership both the entities aim to offer wealth management products and services to the bank’s customers. Fisdom is a wealth tech company.
5. PM Narendra Modi inaugurated the Gobar-Dhan (Bio-CNG) Plant in which state, with a capacity of 550 tonnes and a budget of Rs 150 crore?
[A] Nagpur, Maharashtra
[B] Surat, Gujarat
[C] Indore, Madhya Pradesh
[D] Rohtak, Haryana
Show Answer
Correct Answer: C [Indore, Madhya Pradesh]
Notes:
Prime Minister Narendra Modi has inaugurated a 550-tonne capacity of Gobar-Dhan (Bio-CNG) Plant in Indore, Madhya Pradesh via video.
6. Which of the following recently signed a Memorandum of Understanding to build 27 carriageway double-lane galvanized modular bridges?
[A] Border Roads Organization
[B] Garden Reach Shipbuilders & Engineer
[C] Both
[D] None
Show Answer
Correct Answer: C [Both]
Notes:
Border Roads Organization (BRO) and state-owned warship building firm Garden Reach Shipbuilders & Engineers (GRSE) Ltd. has recently signed MoU to construct 27 carriageway double lane galvanized modular bridges of 7.5 meters. The contract will be for 2 years. The cost of the bridge is Rs. 60 crores. The bridge was constructed on strategically important “Flag Hill-Dokala” road in Sikkim at an altitude of 11,000 feet under Project Swastik of BRO.
7. For the fiscal year 2022-23, Finance Minister Nirmala Sitharaman recommended a budget of Rs 1.42 lakh crore for which union territory?
[A] Jammu and Kashmir
[B] Andaman and Nicobar Islands
[C] Dadra and Nagar Haveli and Daman and Diu
[D] Chandigarh
Show Answer
Correct Answer: A [Jammu and Kashmir]
Notes:
In the Lok Sabha, Finance Minister Nirmala Sitharaman proposed a Rs 1.42 lakh crore budget for the union territory of Jammu and Kashmir for the fiscal year 2022-23, despite opposition pleas for more time to review the plans. Sitharaman also tabled the Union Territory’s additional demands for the fiscal year 2021-22, totaling Rs 18,860.32 crore, and moved a resolution to suspend certain norms to allow the House to take up the debate on the same day.
8. Which firm has introduced the world’s first crypto-backed payment card in collaboration with Mastercard and DiPocket?
[A] Torque
[B] Aave
[C] Nuo
[D] Nexo
Show Answer
Correct Answer: D [Nexo]
Notes:
London-based Cryptocurrency lender, Nexo has joined hands with global payments company Mastercard to launch the world’s first “crypto-backed” payment card. Electronic money firm DiPocket is Nexo’s card issuer. The card requires no minimum repayments, monthly, or inactivity fees. There are no FX fees for up to 20,000 euros per month. Interest remains at 0% for customers who maintain a loan-to-value ratio of 20% or below.
9. Who was appointed as the new Managing Director (MD) of State Bank of India (SBI) recently?
[A] Harsh Shringla
[B] Urjit Patel
[C] Alok Kumar Choudhary
[D] Sitaram Yechury
Show Answer
Correct Answer: C [Alok Kumar Choudhary]
Notes:
Alok Kumar Choudhary has took charge as the new Managing Director (MD) of State Bank of India (SBI). His appointment comes in the wake of the superannuation of Ashwani Bhatia as Managing Director on May 31, 2022. Choudhary was previously Deputy Managing Director (Finance) at the bank. As the new MD, he will be handling retail business and operations.
10. In May 2022, India’s inflation rate, as measured by the wholesale price index (WPI), reached how much?
[A] 13.78%
[B] 19.29%
[C] 15.88%
[D] 12.54%
Show Answer
Correct Answer: C [15.88%]
Notes:
Wholesale price inflation spiked to 15.88% in May, the highest since September 1991 as a surge in price pressure in food and fuel overwhelmed a moderation in the dominant manufactured product segment.
