Current Affairs - Business

Exercise :: Business - Latest Current Affairs

  • Business - Latest Current Affairs
61. 

Recently, RBI selects this company for developing mobile app for visually impaired.

A. XeliumTech Solutions
B. Aricent Technologies
C. Rapidsoft Technologies
D. Daffodil Software

Answer: Option D

Explanation:

The Reserve Bank of India (RBI) selected Daffodil Software Pvt Ltd to develop a mobile phone-based application for visually impaired people to identify currency notes. It informed the Bombay High Court that an internet connection would not be required for its proposed mobile application. Out of the 16 vendors, 5 made into the final ranking to develop the application.

62. 

Name the company which become the first Indian original equipment manufacturer (OEM) to meet the BS-VI emission norms.

A. Larsen & Toubro
B. Tata Motors
C. Ashok Leyland
D. Mahindra & Mahindra

Answer: Option C

Explanation:

Ashok Leyland Ltd has become the first Indian original equipment manufacturer (OEM) to meet the BS-VI emission norms. It met the BS-VI emission norms across the full range of heavy-duty trucks - Gross Vehicle Weight (GVW) 16.2 tonnes and above. The company received the certificates, confirming compliance to BS-VI emission standard, from Automotive Research Association of India (ARAI).

63. 

First North American countries in which OYO has just entered is?

A. Mexico
B. Cuba
C. Canada
D. Greenland

Answer: Option A

Explanation:

Hospitality firm OYO has entered Mexico as part of its expansion plans in Latin American markets.

64. 

Reserve Bank of India barred this small finance bank from opening new branches.

A. Equitas Small Finance Bank
B. Ujjivan Small Finance Bank
C. L & T Finance Limited
D. Birla Global Finance Limited

Answer: Option A

Explanation:

The apex bank of the country, the Reserve Bank of India (RBI) barred the Equitas Small Finance Bank (ESFB) from opening new branches. The decision comes after ESFB missed the deadline to list its shares on stock exchanges. It also froze the salary of ESFB's Managing Director (MD) and Chief Executive Officer (CEO), Vasudevan PN. As per the RBI's licensing conditions issued in November 2014, a small finance bank's shares have to be mandatorily listed on the stock exchanges within 3 years of touching a net worth of Rs 500 crore & 3-year period of ESFB lapsed on September 4, 2019. It had received the license in July 2016.

65. 

Which company sells Global Village Tech Park for 2,800 cr to Blackstone?

A. Larsen and Tourbo
B. Coffee Day
C. Ashok Leyland
D. Reliance Industries

Answer: Option B

Explanation:

Coffee Day Enterprises Ltd (CDEL) closed the deal to sell the Global Village Technology Park in Bengaluru to New York-based private equity giant Blackstone Group Llp. CDEL owns Coffee Day Global Ltd (coffee business), Sical Logistics Ltd (integrated logistics), Tanglin Developments Ltd ,Way2Wealth (financial services), and Coffee Day Hotels and Resorts Ltd (hospitality)obligations of at least ₹7,653 crore.