Latest Business and Economics General Knowledge(GK) Questions and answers

1 .

Who is Reconstituted its Advisory Committee on Market Data?

A)

RBI

B)

NSDL

C)

SEBI

D)

IRDA

Correct Answer : SEBI

* SEBI has restructured the advisory committee on market data that recommends policy measures pertaining to areas like securities market data access and privacy.

* The committee is headed by M S Sahoo (Professor at National Law University, Delhi and former chairperson, Insolvency and Bankruptcy Board of India (IBBI)).

* The panel will now have 21 members.

* Nithin Kamath; Ranjit Pawar; Sreekanth Nadella; Suhas Tuljapurkar are also included in the committee.

Source : Business Standard

2 .

Who among the following overtook Warren Buffet to become the fifth richest person in the world in April 26th 2022?

A)

Gautam Adani

B)

Mukesh Ambani

C)

Larry Ellison

D)

Michael Bloomberg

Correct Answer : Gautam Adani

* Adani, 59, achieved the feat by overtaking legendary investor Warren Buffett

* Adani's estimated USD 123.7 billion net worth makes him the richest person in India

* He wealthier than Mukesh Ambani who is the chairman of Reliance Industries

Gautam Adani, the chairperson of Adani Group, has become the fifth-richest person in the world, according to Forbes data. Adani, 59, achieved the feat by overtaking legendary investor Warren Buffett.

Adani's net worth surged to USD 123.7 billion as of Friday's market close while Warren Buffett's (91) net worth stood at USD 121.7 billion.

Adani's estimated USD 123.7 billion net worth makes him the richest person in India, USD 19 billion wealthier than the country's number 2, Mukesh Ambani who is the chairman of Reliance Industries. His net worth is estimated to be USD 104.7 billion, according to Forbes.

Adani surpassed Buffett as shares of the famed investor's Berkshire Hathaway dropped by 2 per cent on Friday amid a broad drop in the US stock market.

There are now only four people on the planet richer than Adani, according to Forbes' real-time billionaire tracker. The four persons who are richer than Adani include Microsoft co-founder Bill Gates (worth an estimated USD 130.2 billion), French luxury goods king Bernard Arnault (USD 167.9 billion), Amazon founder Jeff Bezos (USD 170.2 billion) and Tesla and SpaceX chief Elon Musk (USD 269.7 billion).

Source : India TV News

3 .

How many billion dollars will Elon Musk buy Twitter in 2022?

A)

35 billion dollars

B)

44 billion dollars

C)

51 billion dollars

D)

60 billion dollars

Correct Answer : 44 billion dollars

* Twitter's board has accepted an offer to sell its social media company to the world’s richest man Elon Musk for 44 billion dollars.

* Under the terms of the deal, shareholders will receive 54.20 dollars in cash for each share of Twitter stock they own.

* The acquisition deal goes through regulatory and other approvals then the social media giant will be taken private.

* Earlier, Musk had acquired a 9.2% stake in Twitter.

Source : Indian Express

4 .

Which nation has become the second one to launch Trade and Technology Council with the European Union?

A)

China

B)

Japan

C)

Canada

D)

India

Correct Answer : India

Prime Minister Narendra Modi and European Commission President Ursula von der Leyen agreed on Monday(25th Apr 2022) to launch the EU-India Trade and Technology Council, a strategic coordination mechanism to tackle challenges at the nexus of trade, trusted technology and security.

India has become the second trade and technology council involving the 27-nation European Union (EU) after its first one with the United States.

The decision to launch the new platform was taken during talks between Modi and von der Leyen. The two leaders deliberated on a plethora of key issues, including the situation in war-hit Ukraine.

In a tweet, Modi said he was delighted to hold talks with the European leader and that both sides reviewed the ''full range of India-EU ties including economic and cultural linkages''..

Source : Business Today

5 .

Sri Lankan inflation rose to how much in March 2022?

A)

18.7 percent

B)

20.5 percent

C)

21.5 percent

D)

25.8 percent

Correct Answer : 21.5 percent

Debt-ridden Sri Lanka's nationwide inflation rose to 21.5 percent in March from 17.5 percent in February 2022, as per official data released by the Department of Census and Statistics on April 22, 2022. Sri Lankan Finance Minister Ali Sabry met IMF officials in Washington to negotiate a bailout package for the country.

6 .

For Rs 184 crore, how much interest will HDFC sell on HDFC Capital to the Abu Dhabi Investment Authority?

A)

10%

B)

12%

C)

14%

D)

15%

Correct Answer : 10%

India's leading mortgage lender HDFC has sold its 10% stake in HDFC Capital to a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) for about Rs 184 crore.

ADIA is also the primary investor in alternative investment funds managed by HDFC Capital. Established in 1976, the Abu Dhabi Investment Authority is a globally-diversified investment institution of Government of Abu Dhabi.

HDFC Capital, a wholly-owned subsidiary of Housing Development Finance Corporation (HDFC), is in the business of managing private equity funds focused on the real estate sector in India.

Set up in 2016, HDFC Capital is the investment manager to HDFC Capital Affordable Real Estate Funds 1, 2 & 3; and is aligned with the Government of India’s goal to increase housing supply and support the Pradhan Mantri Awas Yojana..

Source : Economic Times

7 .

Who is reconstituted its advisory committee for leveraging regulatory and technology solutions?

A)

RBI

B)

SEBI

C)

IRDA

D)

NSDL

Correct Answer : SEBI

SEBI has reconstituted its advisory committee, which provides guidance on enhancing the regulator's technological capabilities and on exploring appropriate technological solutions for early detection of market anomalies.

The Advisory Committee for Leveraging Regulatory and Technology Solutions (ALeRTS) will now be headed by Sunil Bajpai, former Principal Advisor (Information Technology) at the Telecom Regulatory Authority of India (TRAI), an update with Sebi showed on Tuesday.

The seven-member committee, which was set-up by the Securities and Exchange Board of India (Sebi) in December 2021, was earlier chaired by Madhabi Puri Buch, current chief of the regulator.

Other members in the panel include Puneet Narang, head of corporate banking technology India at Deutsche Bank, Girish Keshav Palshikar, Principal Scientist at TCS Research and Innovation, Ratnakar Pandey Senior Data Scientist at Amazon, Rohan Rao Senior Data Scientist at H2O.ai, Subir Saha, Head of Compliance at ICICI Group and Harini Balaji CGM, ISD at Sebi..

Source : Business Standard

8 .

The GDP growth rate projection of the world economy as per World Bank for 2022 is estimated at ________ percent.

A)

2.7%

B)

3.2%

C)

4.5%

D)

5.7%

Correct Answer : 3.2%

* The World Bank has lowered the global growth forecast for 2022 to 3.2%. Earlier this was estimated at 4.1%.

* The downward revision is due to the impact of Russia’s invasion of Ukraine on the world economy. The reason for lowering the projection is that people are facing reduced commercial activity and trade, and the debt crisis and currency depreciations have placed a heavy burden on the poor.

* The world is also facing reversals in development in education, health and gender equality.

9 .

India's gold imports increased by 33.34% to _____ billion in 2021-22.

A)

Rs 32.57 billion

B)

Rs 39.21 billion

C)

Rs 40.63 billion

D)

Rs 46.14 billion

Correct Answer : Rs 46.14 billion

According to the official data, the import of gold in India has been rose by 33.34% to Rs 46.14 billion on account of higher demand in 2021-22. The import of gold in 2020-21 was about Rs 34.62 billion. The increase in gold imports has contributed to the widening of the trade deficit to $192.41 billion, against $102.62 billion in 2020-21.

India is the world’s second-biggest gold consumer after China. The imports are largely driven by the jewellery industry. The export of gems and jewellery grew by about 50% to about $39 billion during 2021-22.

10 .

The World Trade Organisation has downgraded the global GDP forecast for FY 2022 to how much?

A)

2.0 percent

B)

2.3 percent

C)

2.8 percent

D)

3.4percent

Correct Answer : 2.8 percent

The World Trade Organization (WTO) has downgraded its forecast for global GDP growth in Financial Year 2022 to 2.8 percent from the previously predicted 4.1 percent. The world GDP is expected to grow by 2.8% in 2022, down by 1.3 percentage points from the previous forecast, as per WTO report. The report stated that the global GDP growth should pick up to 3.2 percent in 2023.