Important Current Affairs Quiz for Bank Mains Exams 2022- 7th January

Q1. Which of the bank will acquire up to 9.95 per cent stake in India International Clearing Corporation (IFSC) Ltd subject to a maximum investment of Rs 34.03 crore?
(a) IDFC First Bank
(b) Bank of Baroda
(c) State Bank of India
(d) HDFC Bank
(e) None of the above

Q2. Name the Edtech platform firm has acquired UPSC-focused ed-tech platform StudyIQ Education for $20 million (150 crores) in a cash and stock deal.
(a) Byju’s
(b) Adda247
(c) Vedantu
(d) Unacademy
(e) None of the above

Q3. Which company has acquired a 4.93 percent equity share in Indian Gas Exchange (IGX) Limited?
(a) ONGC
(b) Hindustan Petroleum Corporation Limited
(c) BPCL
(d) Indian Oil Corporation Limited
(e) None of the above

Q4. Bharti Airtel has partnered with which organization to launch ‘Airtel India Startup Innovation Challenge’ for startups to develop solutions in 5G, IoT?
(a) NITI Aayog
(b) Invest India
(c) National Development Council
(d) Common Service Centres
(e) None of the above

Q5. Which tech company recently announced that it will acquire Austin, Texas-headquartered Edgile for USD 230 million?
(a) HCL Tech
(b) Infosys
(c) Wipro
(d) Tech Mahindra
(e) None of the above

Q6. Which Payments Bank has partnered with NPCI Bharat BillPay Limited (NBBL) to facilitate pan India doorstep bill payments service?
(a) Paytm Payments Bank
(b) Airtel Payments Bank
(c) India Post Payments Bank
(d) Fino Payments Bank
(e) None of the above

Q7. Which of the following banks has acquired a minority stake in JSW Cement Limited?
(a) Axis Bank
(b) ICICI Bank
(c) HDFC Bank
(d) SBI
(e) UCO Bank

Q8. Which of the company has announced the Digital Payments Utsav for 500 villages in India?
(a) Mastercard
(b) Amazon
(c) WhatsApp
(d) Google
(e) None of the above

Q9. Which international agency has approved a $500 million loan to the Government of India to help improve the quality of the country’s school education?
(a) Asian Development Bank
(b) World Bank
(c) New Development Bank
(d) International Monetary Fund
(e) None of the above

Q10. Life Insurance Corporation of India (LIC) has received approval from the Reserve Bank of India to increase its stake to 9.99 per cent in which bank?
(a) ICICI Bank
(b) IndusInd Bank
(c) Karnataka Bank
(d) Punjab National Bank
(e) None of the above

Solutions

S1.Ans(c)
Sol. State Bank of India will acquire up to 9.95 per cent stake in India International Clearing Corporation (IFSC) Ltd subject to a maximum investment of Rs 34.03 crore.

S2.Ans (b)
Sol. Edtech platform firm Adda247 has acquired UPSCfocused ed-tech platform StudyIQ Education for $20 million (150 crores) in a cash and stock deal.

S3.Ans(d)
Sol. Indian Oil Corporation limited has acquired a 4.93 percent equity share in Indian Gas Exchange (IGX) Limited.

S4.Ans (b)
Sol. Bharti Airtel and Invest India, National Investment Promotion and Facilitation Agency jointly launched ‘Airtel India Startup Innovation Challenge’ for Startups to develop solutions in 5G, IoT.

S5.Ans(c)
Sol. Wipro has signed an agreement to acquire Edgile, a transformational cyber security consulting provider, for $230 million.

S6.Ans(c)
Sol. India Post Payments Bank has partnered with NPCI Bharat BillPay Limited (NBBL) to facilitate pan India doorstep bill payments service.

S7.Ans(d)
Sol. State bank of India has acquired a minority stake in JSW Cement Limited.

S8.Ans(c)
Sol. WhatsApp has announced the Digital Payments Utsav for 500 villages in India. WhatsApp’s Digital Payments Utsav is a pilot program that promotes digital payments to empower individuals and businesses.

S9.Ans(a)
Sol. The Asian Development Bank (ADB) has approved a $500 million loan to the Government of India to help improve the quality of the country’s school education and mitigate the impact of the Covid-19) pandemic on students’ learning.

S10.Ans(b)
Sol. Life Insurance Corporation of India (LIC) has received approval from the Reserve Bank of India to increase its stake to 9.99 per cent in IndusInd Bank.