Exercise :: Business - Latest Current Affairs
- Business - Latest Current Affairs
| 1. | Airtel Payments Bank partnered with this insurance company to offer "Smart Plan Shop Package Policy". |
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Answer: Option B Explanation: Airtel Payments Bank has entered into a partnership with Bharti AXA General Insurance to offer the latter's affordable and newly launched shop insurance product namely "Smart Plan Shop Package Policy" for financial protection of the bank's retailers and merchants. The policy will provide financial protection in case of damage to assets inside the shop due to fire and allied perils and burglary, among others, as covered in the product. The insurance policy has a flexible sum insured option, starting from Rs 2 lakh up to Rs 25 lakh.
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| 2. | Oman India Joint Investment Fund Acquired how much percentage of stake in DCB Bank? |
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Answer: Option A Explanation: Oman India Joint Investment Fund(OIJIF) II acquired 5.07 million (50,69,903) shares or 1.63% stake in DCB Bank Limited(DCB Bank)through a block trade (bulk deal) on stock exchanges. The stake is valued at Rs 42 crore. The shares were purchased at an average price of Rs 81.90 valuing the transaction at Rs 41.52 crore.
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| 3. | UAE starts its first-ever nuclear reactor "Barakah" at Abu Dhabi in a joint venture with the Emirates Nuclear Energy Corporation (ENEC) and __________. |
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Answer: Option B Explanation: Oil-rich Gulf state UAE finally starts its first-ever nuclear reactor "Barakah" at Abu Dhabi on the Gulf coast. Developed in a joint venture with the Emirates Nuclear Energy Corporation (ENEC) and Korea Electric Power Corporation (KEPCO) Barakah means "blessing" in Arabic.
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| 4. | Which of the following become World's first Large Scale Chemical Production Plant to completely run on Renewable Energy? |
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Answer: Option D Explanation: SABIC in Spain, is set to become the World's first large scale industry to completely run on renewable power on signing a major agreement with Iberdrola, an electricity utility company to secure power from solar power projects. The Facility is expected to become fully operational by 2024 and support SABIC to achieve its clean energy target by 2025. This new plant will contribute 80,000 tonne annual reduction in the indirect emission of carbon dioxide supporting the climate change initiatives like EU 2030.
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| 5. | NTPC signs the MoU with which organisation to seek investment opportunities in areas like renewable energy, power distribution and other areas of mutual interest in India? |
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Answer: Option C Explanation: NTPC (formerly known as National Thermal Power Corporation Limited) signs the Memorandum of Understanding with National Investment and Infrastructure Fund(NIIF), acting through National Investment and Infrastructure Fund Limited(NIIFL) to seek investment opportunities in areas like renewable energy, power distribution and other areas of mutual interest in India.
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