Weekly Current Affairs (Economy) Quiz (19-25 August 2023)

Below are the useful current affairs practice questions in Economy for competitive exams like APPS, TSPSC Groups and UPSC Civil Services, prepared by sakshi education.

1. Which bank has partnered with the Reserve Bank Innovation Hub (RBIH) to introduce two groundbreaking lending products?
A. State Bank of India
B. Axis Bank
C. ICICI Bank
D. HDFC Bank

• View Answer
  • Answer: B

2. How many new branches does the State Bank of India (SBI) plan to open in this current financial year?
A. 100
B. 200
C. 300
D. 400

• View Answer
  • Answer: C

3. What is the name of the portal launched by the Reserve Bank of India (RBI) to help individuals locate unclaimed deposits?
A. UDGAM Portal
B. Lost Funds Portal
C. Money Locator Portal
D. SUGAM Portal

• View Answer
  • Answer: A

4. What is the projected GDP growth rate for India in fiscal year 2024 according to Crisil?
A. 6.0%
B. 7.4%
C. 8.2%
D. 6.5%

• View Answer
  • Answer: A

Also Read: Weekly Current Affairs (Economy) 12-18 August 2023 Bitbank

5. With which organization Rajasthan Urja Vikas Nigam Limited has entered into an Agreement for the supply of 300 MW Solar Power in Rajasthan?
A. Tata Power Company Limited
B. Adani Power Limited
C. Reliance Power Limited
D. NLC India Limited

• View Answer
  • Answer: D

6. What percentage of Jan Dhan accounts are owned by women?
A. 56 Percent
B. 58 Percent
C. 54 Percent
D. 44 Percent

• View Answer
  • Answer: A

7. Which bank in India has launched Kisan Credit Card (KCC) and unsecured Micro, Small & Medium Enterprises (MSME) loans?
A. Axis Bank
B. State Bank of India
C. HDFC Bank
D. ICICI Bank

• View Answer
  • Answer: A

8. Which bank launched the UPI Interoperable Digital Rupee mobile application as part of RBI's Central Bank Digital Currency pilot project?
A. State Bank of India
B. HDFC Bank
C. ICICI Bank
D. Canara Bank

• View Answer
  • Answer: D

9. What is the deficit amount of India's banking system liquidity as of August 2023?
A. 236 billion rupees
B. 100 billion rupees
C. 500 billion rupees
D. 1 trillion rupees

• View Answer
  • Answer: A

Also Read: Weekly Current Affairs (Economy) 5-11 August 2023 Bitbank

10. What percentage of stake has Life Insurance Corporation (LIC) acquired in Jio Financial Services (JFSL) recently?
A. 6.66%
B. 9.09%
C. 7.50%
D. 8.80%

• View Answer
  • Answer: A

11. What is the total banking transaction value at GIFT International Financial Services Centre (IFSC) until July 2023?
A. USD 508 billion
B. USD 412 billion
C. USD 632 billion
D. USD 1 trillion

• View Answer
  • Answer: A

12. What is the maximum amount of funds that Union Bank plans to raise through the QIP?
A. Rs 500 crores
B. Rs 5,000 crores
C. Rs 50,000 crores
D. Rs 5 lakhs crores

• View Answer
  • Answer: B

13. How much amount the International Finance Corporation is set to invest in IIFL Home Finance Limited?
A. Up to $50 million
B. Up to $100 million
C. Up to $200 million
D. Up to $500 million

• View Answer
  • Answer: B

14. What is the projected GDP growth rate for India in the first quarter of fiscal year 2023 (FY24) according to the ICRA Ratings report?
A. 8.5%
B. 6.1%
C. 7.0%
D. 9.5%

• View Answer
  • Answer: A

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Published date : 21 Sep 2023 05:26PM