Exercise :: Business - Latest Current Affairs
- Business - Latest Current Affairs
| 1. | Who launched 'Selfie Wala KYC' feature for first-time mutual fund investors, recently? |
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Answer: Option C Explanation: FundzBazar online mutual fund investment platform launched by Prudent, launched 'Selfie Wala KYC' feature. It is applicable for the first-time mutual fund investors. Investors can complete their KYC (Know your Customer) process at any place.
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| 2. | Which of the following organisation has bagged Rs. 1187.82 crore contract for manufacturing of Varunastra for Indian Navy? |
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Answer: Option B Explanation: Indian Navy and Bharat Dynamics Limited (BDL) have signed a contract recently worth Rs. 1187.82 crore for supply of heavyweight torpedo Varunastra to Indian Navy. Varunastra is basically a ship-launched, electrically-propelled underwater weapon equipped with one of the most advanced automatic and remote-controlled guidance systems.
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| 3. | Which company has launched an initiative "Tech Bee" to trains and hires students who have completed XII standard? |
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Answer: Option D Explanation: HCL Technologies is all set to roll out "Tech Bee" programme, a company initiative under which it trains and hires students who have completed XII standard, across several states. Tech Bee is a HCL's early career programme in which company provides students an opportunity to start early and become financially independent and trendsetters. Enrolled students are paid stipend of Rs 10,000 per month.
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| 4. | According to TRA Research, which company has emerged as the most trusted brand in India in 2019? |
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Answer: Option B Explanation: According to a report released by brand analytics firm TRA Research, "Dell" has emerged as the most trusted brand in India in 2019. With 31% Brand Trust Index (BTI) difference from Dell, auto brand Jeep makes a dramatic entry in the second spot. LIC and Amazon are ranked on the third and fourth spots and Apple iPhone emerged as India's fifth most trusted brand.
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| 5. | Name the insurance company which has launched a unique proprietary tool named 'My Protection Quotient' (MyPQ) to ensure financial protection in the country. |
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Answer: Option B Explanation: Max Life Insurance Company launched a unique proprietary tool named 'My Protection Quotient' (MyPQ) to ensure financial protection in the country. Max Life Insurance Company is one of the fastest growing life insurance companies in India. It is a smart tool designed for individuals to provide financial protection and to promote awareness and importance of term plans in protecting the financial future of families. It helps the consumers to measure their preparedness for their life stage goals and gives protection against unplanned eventualities of life. The final output will be a quotient reflected on a scale of 100. Score from 0-25 indicates extremely poor financial protection, 25-50 reflects a poor score, 50-75 a moderate and 75-100 indicates a reasonable quotient. It had earlier launched 'India Protection Quotient' survey in association with Kantar IMRB to understand where India stands with regards to life and term insurance ownership.
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