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Banking QuizCA Quizzes (English)

Current Affairs Quiz: February 15, 2024

  1. Where was the 6th boat and marine expo held from Feb 8-10, 2024?
    A) Karnataka
    B) Kochi
    C) Chandigarh
    D) Kanpur
    E) Lucknow
    View Answer
    Option B

    The sixth edition of India Boat and Marine Show (IBMS), which highlights the country’s boating, marine and water sports industry-related expo, began at Bolgatty Palace Event Centre

  2. Open Network for Digital Commerce collaborated with National Cooperative Consumers’ Federation Shiprocket to deliver Bharat branded staples in Delhi-NCR. Within how many hours the order will be delivered?
    A) 24 hours
    B) 6 hours
    C) 12 hours
    D) 20 hours
    E) none of the above
    View Answer
    Option A

    Consumers in the Delhi-NCR region will be able to order Bharat brand rice, wheat flour and lentils through the Open Network for Digital Commerce (ONDC). Orders are shipped within 24 hours and are free of delivery charges

  3. India to account for over one-third of global oil demand growth by which year?
    A) 2025
    B) 2027
    C) 2028
    D) 2030
    E) None of the above
    View Answer
    Option D

    India is on track to post an increase of almost 1.2 mb/d (millions of barrels per day), accounting for more than one-third of the projected 3.2 mb/d global gains, to reach 6.6 mb/d by 2030, according to an India Market Outlook analysis by the International Energy Agency (IEA).

  4. The United States of America, China, Germany and Japan are the largest economies in the world, as per their latest Gross Domestic Product (GDP) data. Which place does India hold as per the government data released for 2023?
    A) Sixth
    B) Fifth
    C) tenth
    D) eleventh
    E) none of the above
    View Answer
    Option B

    The United States of America, China, Germany, Japan, and India are the largest economies in the world, as per their latest Gross Domestic Product (GDP) data. Japan has slipped to the world’s fourth-largest economy as government data released showed it fell behind the size of Germany’s in 2023.

  5. Who is the Prime Minister of UK?
    A) Rishi Sunak
    B) Akshata Murthy
    C) Lee Hsien Loong
    D) Sheikh Hasina
    E) None of the above
    View Answer
    Option A

    Britain is in recession, official data showed, dealing another blow to embattled Prime Minister Rishi Sunak, whose Conservative party is forecast to lose a general election expected this year

  6. Insolvency regulator IBBI has now made it mandatory for liquidators to present fortnightly progress or status reports. What is stipulated period for liquidation process?
    A) 70 or 210 days
    B) 80 or 240 days
    C) 60 or 180 days
    D) 90 or 270 days
    E) None of the above
    View Answer
    Option D

    Insolvency regulator IBBI has now made it mandatory for liquidators to present fortnightly progress or status reports that would spell out the reasons for not completing the liquidation process within the stipulated period of 90 days or 270 days. It has for this amended its existing regulations on voluntary liquidations

  7. RBI has asked card networks such as Visa and Mastercard to stop commercial card transactions under the Business Payment Solution Providers (BPSP) business. Who is the Chairman of RBI?
    A) Shakti Kant Das
    B) Swaminathan J
    C) M. Rajeshwar Rao
    D) M.D. Patra
    E) None of the above
    View Answer
    Option A

    RBI has asked card networks such as Visa and Mastercard to stop commercial card transactions under the Business Payment Solution Providers (BPSP) business, citing concerns about the legitimacy and inadequacy of merchant KYC and the end use of funds.

  8. Standing Committee on Finance headed by whom has recommended the introduction of an ‘open architecture’ concept for insurance agents so as to facilitate a larger outreach of insurance products and a stronger distribution infrastructure in the country?
    A) Dr. Harsh Vardhan
    B) Jayant Sinha
    C) Shri Gajendra Singh Shekhawat
    D) Giriraj Singh
    E) None of the above
    View Answer
    Option B

  9. The Reserve Bank of India conducted two VRR auctions to infuse liquidity in the banking system as overall liquidity deficit widened. What does ‘V’ stands for in VRR?
    A) Variation
    B) Vivid
    C) Variable
    D) Vesting
    E) None of the above
    View Answer
    Option C

    The Reserve Bank of India(RBI) conducted two variable rate repo (VRR) auctions to infuse liquidity in the banking system as overall liquidity deficit widened

  10. Karnataka Bank has launched its centenary campaign, ‘Bharat Ka Karnataka Bank’ to mark its 100 years of service in banking. What is the tagline of Karnataka bank?
    A) Zindagi k sath bhi, zindagi k baad bhi
    B) Your Family Bank Across India
    C) Name You Can Bank Upon
    D) Pure Banking, Nothing Else
    E) None of the above
    View Answer
    Option B

    Karnataka Bank has launched its centenary campaign, ‘Bharat Ka Karnataka Bank’ to mark its 100 years of service in banking

  11. The Reserve Bank of India planned to introduce additional additional functionalities of programmability in CBDC retail payments. What does “B” stands for in CBDC?
    A) Budget
    B) Banking
    C) Bank
    D) Beneficiary
    E) None of the above
    View Answer
    Option C

    The Reserve Bank of India plans to introduce additional additional functionalities of programmability in CBDC (Central Bank Digital Currency) retail payments to facilitate transactions for specific/targeted purposes, and allow offline capability to enable these transactions in areas with poor or limited Internet connectivity.

  12. The Competition Commission of India has approved the Zurich Insurance Company Ltd’s acquisition of 70 percent stake in Kotak Mahindra General Insurance Company Ltd. What percent stake does Zurich Insurance Company Ltd’ already hold?
    A) 51%
    B) 25%
    C) 33.33%
    D) 20%
    E) None of the above
    View Answer
    Option A

    The Competition Commission of India (CCI) has approved the Zurich Insurance Company Ltd’s acquisition of 70 percent stake in Kotak Mahindra General Insurance Company Ltd (KMGIC) In November last year, the Switzerland-based Zurich Insurance Group had agreed to acquire a 51 percent stake in KMGIC for about ₹4,051 crore through a combination of fresh capital infusion and share purchase.

  13. The Reserve Bank of India (RBI) has projected FY25 GDP growth by what percent?
    A) 6.0%
    B) 5.5%
    C) 7.0%
    D) 4.%
    E) None of the above
    View Answer
    Option C

    The Reserve Bank of India (RBI) has projected FY25 GDP growth and CPI inflation at 7.0 per cent and 4.5 per cent, respectively

  14. Which company launched the ‘India Research Chapter’ which aims to provide India-oriented research and reports?
    A) EY
    B) Delloite India
    C) PWC
    D) S&P Global India
    E) None of the above
    View Answer
    Option D

    With the Indian economy growing at a faster rate than other economies, S&P Global has announced the launch of the ‘India Research Chapter’. It aims to provide India-oriented research and reports.

  15. JSW Steel announced plans to set up a grain oriented electrical steel manufacturing facility through a joint venture with JFE Steel Corporation. What is the estimated investment?
    A) 5,500 crore
    B) 4,500 crore
    C) 3,500 crore
    D) 2,500 crore
    E) None of the above
    View Answer
    Option A

    JSW Steel announced plans to set up a grain oriented electrical steel manufacturing facility through a joint venture with JFE Steel Corporation at an estimated investment of ₹5,500 crore.

  16. Singapore-based aircraft leasing company BOC Aviation announced a new partnership for four Airbus A320NEO aircraft with which India carrier?
    A) Spice Jet
    B) Indigo
    C) Vistara
    D) Air India
    E) None of the above
    View Answer
    Option B

    Singapore-based aircraft leasing company BOC Aviation and Indian low-cost carrier IndiGo have announced a new partnership for four Airbus A320NEO aircraft.

  17. Who has recently been appointed as additional director of Axis Bank?
    A) Pranam Wahi
    B) S.A. Panse
    C) B A Prabhakar
    D) Sanjiv Misra
    E) None of the above
    View Answer
    Option A

    The Board of Directors of Axis Bank has appointed Pranam Wahi as an additional independent director of the bank for four years with effect from February 15.

  18. The Board of One 97 Communications Ltd. announced the formation of a Group Advisory Committee chaired by M Damodaran to work with the Board in further strengthening compliance and regulatory matters. M Damodaran was former chairman of which organization?
    A) Reserve Bank of India
    B) State Bank of India
    C) Security Exchange Board of India
    D) Punjab National Bank
    E) None of the above
    View Answer
    Option C

    The Board of One 97 Communications Ltd. announces the formation of a Group Advisory Committee chaired by former SEBI Chairman M Damodaran to work with the Board in further strengthening compliance and regulatory matters.

  19. Sundaram Asset Management has appointed whom as Chief Executive Officer?
    A) Laxman Narasimhan
    B) Nikesh Arora
    C) Anand Radhakrishnan
    D) Vasant Narasimhan
    E) None of the above
    View Answer
    Option C

    Sundaram Asset Management, a leading finance and investment company, has announced the appointment of Anand Radhakrishnan as its new CEO.
  20. Who has been appointed as Managing Director & Chief Executive Officer of SBI Capital?
    A) Salil Parekh
    B) Shantanu Narayen
    C) Virendra Bansal
    D) Nikesh Arora
    E) None of the above
    View Answer
    Option C

    Virendra Bansal has been appointed as the new Managing Director & Chief Executive Officer of SBI Capital Markets (SBICAPS), the wholly-owned subsidiary and investment banking arm of State Bank of India (SBI).

  21. Which Bank won IBA’s banking technology awards?
    A) State Bank of India
    B) Bank of India
    C) City Union Bank
    D) Punjab National Bank
    E) None of the above
    View Answer
    Option C

    Old private sector lender City Union Bank (CUB) has won seven awards in various categories in the recently concluded ‘19th Banking Technology Conference, Expo & Citations 2023’ by the Indian Banks Association (IBA) in Mumbai.

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