Exercise :: Business - Latest Current Affairs
- Business - Latest Current Affairs
| 1. | Who has been appointed as the managing director of Sundaram Finance Ltd? |
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Answer: Option A Explanation: The board of Sundaram Finance has named Rajiv Lochan as the managing director with effect from April 1.
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| 2. | Who has signed an agreement with the JPCL to takeover the Rangit - IV Hydroelectric Project in Sikkim? |
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Answer: Option C Explanation: The National Hydropower Corporation (NHPC) has signed a definitive agreement with Jalpower Corporation Ltd (JPCL) for taking over the 120 MW Rangit - IV Hydro Electric Project in Sikkim.
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| 3. | Indian Oil signed MoU for hydrogen-generation technology with which institute? |
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Answer: Option A Explanation: The Indian Institute of Science (IISc) and the Research and Development Centre of Indian Oil Corporation Limited have signed an MoU to develop and demonstrate biomass gasification-based hydrogen generation technology for producing fuel cell-grade hydrogen at an affordable price. Under this MOU, which was signed on October 29, the IISc and Indian Oil will work jointly on the optimisation of both biomass gasification and hydrogen purification processes, the IISc said in a statement.
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| 4. | 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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| 5. | 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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