Business and Economics - General Knowledge Questions

A)
Toyota
B)
Hero MotoCorp
C)
Maruti Suzuki
D)
Hyundai Motor Company

Correct Answer :   Maruti Suzuki

Maruti Suzuki India has installed a 20 MW solar carport at its Manesar, Haryana, site. The project is projected to provide the organisation with 28,000 MWh of electricity per year.

According to the firm, the energy generated by this initiative will be similar to the energy required to create nearly 67,000 cars every year. This is Asia’s largest solar carport, according to the business..

Source : F T L

A)
Bajaj Finserv
B)
Muthoot Finance
C)
Manappuram Finance Limited
D)
Mahindra Finance

Correct Answer :   Muthoot Finance

Airtel Payments Bank has partnered with Muthoot Finance to offer gold loans through Airtel Thanks app.

There will be no-processing charge on the loan.

Muthoot Finance will provide up to 75% of the pledged gold value as a loan.

The loan facility will be available at the 5 lakh banking points for Airtel Payments Bank.

Gold Loans are secured loans that can be availed to cater to a variety of needs, from personal to professional.

Source : F T L

A)
$5 trillion
B)
$7 trillion
C)
$10 trillion
D)
$20 trillion

Correct Answer :   $10 trillion

According to the latest study which was conducted by digital payments firm PhonePe and Boston Consulting Group (BCG) states that India's digital payment market is expected to more than triple to $10 trillion by 2026.
 
Presently, 40% of all transactions in India are digital, and payments worth $3 trillion were processed by digital instruments in 2021.
 
India's UPI continues to grow, clocking $5.95 billion transactions worth Rs $10.41 lakh crore in May 2022..

Source : F T L

A)
Supriya Paul
B)
Radhika Aggarwal
C)
Falguni Nayar
D)
Rashmi Sahoo

Correct Answer :   Rashmi Sahoo

Director of Ruchi Foodline, Eastern India’s leading food brand and Odisha’s No.1 spices company, Rashmi Sahoo has been presented the Times Business Award 2022. She was given the award by renowned Bollywood actor and social activist "Sonu Sood".

The award was given in the category of Eastern India’s Leading READY -TO-EAT brand.
 
About the Rashmi Sahoo :

* While working as director of Ruchi Foodline, she started and established Frozit – Odisha’s first frozen food company.

* She not only revolutionized the food processing segment in Odisha but also changes the lives of thousands of women by proving employment opportunities.

* Sahoo and Frozit have won various accolades across the world for their innovative food product line, quality and hygiene standards.
 
About Frozit :

* Gradually Frozit has made a name of itself nationally and internationally in the category of ready to eat food and bakery and which are not only healthy but also cost-effective.

* Frozit now serves various food of India as well as traditional Odia foods like Biryani, Pasta, Ghee-Rice, Mutton Kasa, Laccha Paratha, Mughlai Chicken, Veg Pulao, Kadai Soyabin, Chana Masala, Friend Rice, Tandoori Mushroom, Garlic Mushroom, Zeera Rice, Mix Veg, Pada Pitha, and Kheer.

A)
FIEO
B)
ECGC
C)
FICCI
D)
FSSAI

Correct Answer :   FIEO

The Federation of Indian Export Organisations (FIEO) has launched the first-of-its-kind online marketplace for Indian exporters and foreign buyers. The marketplace – Indian Business Portal – will act as a B2B digital marketplace to help micro, small and medium enterprises (MSME) exporters, artisans and farmers to identify new markets for their products and grow their sales globally. Minister of State for Commerce & Industry Anupriya Patel, was present at the launch.
 
The marketplace has been designed and developed in partnership with GlobalLinker, which already provides a business networking platform for SMEs and startups. The portal will digitize Indian exporters and help them become discoverable online, promote exports from all Indian states, and showcase a wider range of products and services. More than 2,000 small businesses have already joined, listing over 40,000 products and services. FIEO will promote the marketplace worldwide..

Source : Money Control

A)
IRDA
B)
SEBI
C)
NSDL
D)
NABARD

Correct Answer :   SEBI

* SEBI has withdrawn the recognition granted to the Indian Commodity Exchange Limited (ICEX).

* The withdrawal of recognition follows an order passed by SEBI on May 10 after finding the bourse non-compliant on several grounds like net worth and infrastructural requirements.

* After this, the ICEX has been directed to transfer the money available in the Investor Protection Fund and Investor Services Fund of ICEX to Sebi's Investor Protection and Education Fund.

Source : Economic Times

A)
Tata Capital Ltd
B)
LIC Housing Finance
C)
L&T Financial Services
D)
Bajaj Finserv Ltd.

Correct Answer :   Tata Capital Ltd

The Tata Capital Ltd has launched ‘Loan Against Shares’ an end-to-end integrated digital financial offering.

Aims : To provide customers with an easy and seamless experience

Through this facility the customers can avail loans up to ₹5 crores by simply pledging their dematerialised shares online, facilitated by NSDL.

The loan amount can be customized based on the value of shares in the portfolio of the customer..

Source : Mint

A)
PayPal
B)
BharatPe
C)
Paytm
D)
PhonePe

Correct Answer :   Paytm

Digital financial services firm One97 Communications NSE 7.62 %, which operates under Paytm brand, on Saturday(21st May 2022) said it has formed a joint venture general insurance company in which it has committed to invest Rs 950 crore over a period of 10 years.
 
The proposal to set up joint venture firm Paytm General Insurance Limited (PGIL) was approved by the board on 20th May 2022, the company said in a regulatory filing.
 
Initially, One97 Communications (OCL) will hold a 49 per cent stake in PGIL while the rest of the 51 per cent stake is to be owned by OCL's managing director Vijay Shekhar Sharma owned and controlled company VSS Holding Private Limited (VHPL).
 
Post the investment, Paytm will hold 74 per cent stake in PGIL, reducing VHPL's stake in the company to 26 per cent..

Source : Economic Times

A)
Paytm
B)
BharatPe
C)
PhonePe
D)
PayPal

Correct Answer :   PhonePe

Walmart-backed PhonePe on Wednesday said it is acquiring two wealth management platforms WealthDesk and Open IQ. While PhonePe did not disclose the deal size, sources aware of the development said that the total deal is in the range of USD 75 million."PhonePe is acquiring WealthDesk ('Wealth Technologies & Services Private Limited'). The founder and the entire team will be working as a part of the PhonePe group and both the platforms will remain independent," Phonepe said.
 
* A PhonePe spokesperson said that WealthDesk will continue to remain an open platform for all players, and the founder Ujjwal Jain will continue defining the vision for his company.
 
* The valuation of Wealthdesk is over USD 50 million, the source said.
 
* PhonePe is also acquiring OpenQ (Quantech Capital Investment Advisors Private Limited), subject to necessary regulatory approvals..

Source : Zee News

A)
Telecom Egypt
B)
MTN Group
C)
Absa Group Limited
D)
Etisalat Group

Correct Answer :   Etisalat Group

Emirates Telecommunications Group Company PJSCe&" (Etisalat Group) has acquired approximately 2,766 million shares in Vodafone Group Plc aggregating to $4.4 billion.

The shares represent 9.8% of Vodafone's issued share capital.

The transaction is in process with e&’s ambition to be a global player in telecom and technology.

Vodafone Headquarters : Berkshire, United Kingdom;

Chairman : Jean-Françols van Boxmeer

Source : Live Mint