Weekly Current Affairs (Economy) Quiz (02-08 December 2023)
1. What percentage of stake has the Reserve Bank of India (RBI) approved for SBI Mutual Fund (SBI MF) to acquire in Karur Vysya Bank Ltd (KVB)?
A. 9.99%
B. 10.50%
C. 8.50%
D. 12.0%
- View Answer
- Answer: A
2. What percentage of India's fiscal deficit has been reached in relation to the annual target as of the first seven months of the financial year 2023-24?
A. 25%
B. 35%
C. 45%
D. 55%
- View Answer
- Answer: C
3. What is the main reason behind Foxconn's $1.5 billion investment in India?
A. To support Apple's expansion in the Indian market
B. To strengthen its presence in China
C. To diversify its manufacturing beyond China
D. To compete with technological rivals in India
- View Answer
- Answer: C
4. What is the reason behind the $2.5 billion surge in India's foreign exchange reserves reported by the Reserve Bank of India (RBI)?
A. Increased government capital spending
B. Foreign portfolio flows into the debt market
C. Rise in exports
D. Reduction in imports
- View Answer
- Answer: B
5. What percentage of ₹2,000 banknotes has the Reserve Bank of India (RBI) successfully withdrawn from circulation as of May 19, 2023?
A. 97.26%
B. 98.26%
C. 99.02%
D. 96.79%
- View Answer
- Answer: A
6. With which institution did the Reserve Bank of India (RBI) sign a Memorandum of Understanding (MoU) on bond clearing settlement?
A. International Monetary Fund
B. World Bank
C. European Central Bank
D. Bank of England
- View Answer
- Answer: D
7. Who has introduced a strategic initiative to scale up climate financing through securitization, led by the Private Sector Investment Lab (PSIL)?
A. Christine Lagarde
B. Ajay Banga
C. Jim Yong Kim
D. David Malpass
- View Answer
- Answer: B
8. Which business group became the fifth conglomerate to breach Rs.10 lakh crore in market capitalization?
A. Tata Group
B. Reliance Industries
C. HDFC Bank
D. Bajaj Group
- View Answer
- Answer: D
9. Which financial institution partnered with Water.org to offer water, sanitation, and hygiene loans in India?
A. AU Small Finance Bank
B. HDFC Bank
C. Axis Bank
D. Ujjivan Small Finance Bank
- View Answer
- Answer: D
10. Which telecommunications company recently became the 8th company to surpass Rs.6 lakh crore market capitalization?
A. Reliance Jio
B. Bharti Airtel
C. Vodafone Idea
D. BSNL
- View Answer
- Answer: B
11. In which Indian state Tata Motors opened its fourth Registered Vehicle Scrapping Facility (RVSF), emphasizing environmental sustainability?
A. Maharashtra
B. Punjab
C. Gujarat
D. Karnataka
- View Answer
- Answer: B
12. Which Indian company secured the fourth position globally in terms of life and accident & health reserves in S&P Global's 2022 Insurance Report?
A. Allianz SE
B. ICICI Prudential Life Insurance
C. Life Insurance Corporation
D. Nippon Life Insurance
- View Answer
- Answer: C
13. Which global professional services company has partnered with Union Bank of India for digital transformation?
A. Accenture
B. Deloitte
C. IBM
D. Microsoft
- View Answer
- Answer: A
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