Current Affairs - Business

Exercise :: Business - Latest Current Affairs

  • Business - Latest Current Affairs
26. 

The Shivalik Small Finance Bank Limited has received the license under which Section of the RBI Act to begin operating as SFB?

A. Section 22 (1)
B. Section 20 (1)
C. Section 21 (1)
D. Section 25 (1)

Answer: Option A

Explanation:

The Shivalik Small Finance Bank Limited has received the licence from RBI under Section 22 (1) of the Banking Regulation Act, 1949 to carry on the business of small finance bank in India.

27. 

Who has been appointed as the managing director of Sundaram Finance Ltd?

A. Rajiv Lochan
B. Girish Kumar
C. Poonam Yadav
D. Preeti Paul

Answer: Option A

Explanation:

The board of Sundaram Finance has named Rajiv Lochan as the managing director with effect from April 1.

28. 

Who has signed an agreement with the JPCL to takeover the Rangit - IV Hydroelectric Project in Sikkim?

A. GHPC
B. NTPC
C. NHPC
D. MHPC

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.

29. 

Indian Oil signed MoU for hydrogen-generation technology with which institute?

A. IISc
B. IIT Kanpur
C. DTU
D. None of these

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.

30. 

Airtel Payments Bank partnered with this insurance company to offer "Smart Plan Shop Package Policy".

A. Bajaj Allianz General Insurance
B. Bharti AXA General Insurance
C. TATA AIG Insurance Company
D. HDFC ERGO General Insurance Company

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.