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

1 .

Which company announced the creation of a fastest new graphics Dynamic Random-Access Memory (DRAM) Chip?

A)

Google

B)

Apple

C)

Microsoft

D)

Samsung

Correct Answer : Samsung

Samsung said on Thursday(14th July 2022) it has developed a new graphics "Dynamic Random-Access Memory (DRAM)" chip with a faster speed and improved power efficiency.

The 24-gigabit Graphics Double Data Rate 6 (GDDR6) adopts third-generation, 10-nanometer technology and boasts a data processing speed that is over 30 per cent faster than existing products, the company said in a statement.

The new DRAM chip can process graphic images at a rate of up to 1.1 terabytes per second, which Samsung claims is the fastest in the world and equivalent to processing 275 full HD movies in a second.

Graphics DRAMs are widely used in high-powered 3D games, personal computers, notebooks or devices that play videos with a high resolution.

In the future, it is also expected to be used in high performance computing, electric cars and autonomous vehicles, reports Yonhap news agency.

As the new chip meets the JEDEC industry standards, artificial intelligence and graphics companies will likely adopt it easily, Samsung added.

The JEDEC Solid State Technology Association is a semiconductor organisation in charge of standardisation of chips.

Using the so-called dynamic voltage scaling technology, the GDDR6 DRAM also improves power efficiency more than 20 percent, Samsung said..

Source : Business Standard

2 .

Which company has unveiled India's first indigenously developed lithium ion cell?

A)

OLA Electric

B)

Ather Energy

C)

Tata Power

D)

Mahindra Electric

Correct Answer : OLA Electric

Ola Electric on Tuesday(12th July 2022) unveiled India’s first indigenously developed lithium-ion cell, NMC 2170, and said it will start mass production from its upcoming Gigafactory by 2023.

“A cell is the heart of the EV revolution. Ola is building the world’s most advanced cell research center that will enable us to scale and innovate faster, and build the most advanced and affordable EV products in the world with speed,” Bhavish Aggarwal, Founder and CEO, Ola Electric, said in a statement.

“Our first indigenously made Li-ion cell is also the first of many in our cell technology roadmap. Having a robust local EV ecosystem is important for India to become a global EV hub,” Aggarwal said.

The state-of-the-art High Nickel Cylindrical Ola Cell uses NMC on the cathode side; and Graphite and Silicon on the Anode side. The use of specific chemistry and materials enables the cell to pack more energy in a given space and also improves the overall life cycle of the cell. The cell has been developed keeping the indigenous conditions at the core.

Source : The Print

3 .

The International Monetary Fund(IMF) has warned that Ukraine's economy will shrink by what percent in 2022?

A)

32%

B)

35%

C)

38%

D)

41%

Correct Answer : 35%

The International Monetary Fund(IMF) has estimated Ukraine’s GDP will collapse by 35 percent this year(2022), while Russia’s output will shrink by 8.5 percent in 2022.

But IMF Chief Economist Pierre-Olivier Gourinchas told a news briefing a tightening of sanctions against Russia to include restrictions on energy exports could double Russia’s GDP decline to 17 percent by 2023.

Spillovers from higher energy prices, a loss of confidence, and financial market turmoil would cut another two percentage points off of global growth forecasts, Gourinchas said.

The war, which Russia has described as a "special military operation", has caused a humanitarian crisis in Eastern Europe, displacing about five million Ukrainians to neighbouring countries, the IMF said..

Source : Aljazeera

4 .

Which company has signed an MoU with Tamil Nadu government to invest Rs 3,000 crore for setting up a greenfield 4GW solar cell and 4 GW solar module manufacturing?

A)

Reliance Power

B)

JSW Energy

C)

Tata Power

D)

Power Grid Corporation of India

Correct Answer : Tata Power

Tata Power on Monday(4th July 2022) announced that it has inked a pact with the Tamil Nadu government to invest Rs 3,000 crore for setting up a new facility to manufacture solar cells and modules in Tirunelveli district of the state.

"Tata Power, one of India's largest integrated power companies, has signed a Memorandum of Understanding (MoU) with the Tamil Nadu government to invest approximately Rs 3,000 crore for setting up a greenfield 4GW solar cell and 4GW solar module manufacturing plant in Tirunelveli district of Tamil Nadu," a company statement said.

The investment in the plant will be made over a period of 16 months and will directly or indirectly create over 2,000 employment opportunities with majority of them for women, it informed.

The MoU was signed by S Krishnan, additional chief secretary to government of Tamil Nadu, Industries Department, and Praveer Sinha, CEO & MD, Tata Power, in the presence of state chief minister M K Stalin and senior officials of the state..

Source : Business Standard

5 .

Who has approved Google International LLC's proposed acquisition of a minority and non-controlling stake of 1.28% of equity capital of Bharti Airtel Limited?

A)

Competition Commission of India (CCI)

B)

Telecom Regulatory Authority of India (TRAI)

C)

National Human Rights Commission of India (NHRCI)

D)

Securities and Exchange Board of India (SEBI)

Correct Answer : Competition Commission of India

The Competition Commission of India (CCI) approved the proposed combination on the basis of modifications offered by the Acquirer.

Google International LLC (Acquirer) is a wholly owned subsidiary of Google LLC, (collectively with all Google LLC subsidiaries, “Google”). Google LLC is a Delaware limited liability company and wholly owned subsidiary of Alphabet Inc. The Acquirer is a holding company and does not own / operate any of Google’s products/ services. Google, however, offers various products and services, including its flagship search service, its Android operating system, and its Play app store.

Bharti Airtel Limited (BAL/ Target), headquartered in India, is an international communications solutions provider with over 480 million customers in 17 countries across South Asia and Africa. BAL’s retail portfolio includes, amongst others, high speed mobile broadband, Airtel Xstream Fiber, streaming services (music and video), digital payments and financial services. For enterprise customers, BAL offers solutions including secure connectivity, cloud and data centre services, cyber security, IoT, advertising services, and cloud-based communication.

The Acquirer and Target have executed an Investment Agreement (IA) per which the Acquirer proposes to acquire a minority and non-controlling stake of 1.28% of equity share capital in the Target. Along with the IA, the Acquirer and the Target through their affiliates have also entered into certain commercial deals. The Parties also intend to enter into certain other commercial arrangements in future..

Source : PIB

6 .

Who joined hands with Tata Motors formed a strategic partnership to design, develop and manufacture semiconductor solutions for domestic and global markets?

A)

Kioxia

B)

Infineon

C)

Murata Manufacturing

D)

Renesas Electronics Corp

Correct Answer : Renesas Electronics Corp

Japanese chipmaker "Renesas Electronics Corp" and India's Tata Motors have formed a strategic partnership to design, develop and manufacture semiconductor solutions for domestic and global markets, the companies said on Wednesday(29th June 2022).

Renesas will collaborate with Tata Motors, India's biggest manufacturer of electric cars, on developing "next-generation automotive electronics" to accelerate the growth of electric and connected vehicles, the companies said in a statement.

As part of the partnership, Renesas will also work with Tejas Networks, a Tata Group company, on wireless network solutions including 5G. The products will initially be for India with an aim to expand to global markets..

Source : Business Standard

7 .

Which govt signs MoU with Adani Energy for 11000 MW power generation in June 2022?

A)

Telangana

B)

Gujarat

C)

Karnataka

D)

Maharashtra

Correct Answer : Maharashtra

The Maharashtra government's Energy department on Tuesday(28th June 2022) signed a Memorandum of Understanding with Adani Green Energy Group Ltd (AGEL) to generate 11000 MW green power in the next five years.

It would entail an investment of Rs 60,000 crore and provide employment to 30,000 persons, a statement from the government said.

The state will reap many benefits from PSPs which will generate or store electricity with the help of non-conventional energy sources, it said, adding that they will be especially useful for immediate power generation in case of shortage.

The MoU was signed by Narayan Karad, Deputy Secretary, Department of Energy, Maharashtra and Ajit Barodia, Senior Vice President, Adani Industries Group.

Under secretary Nanasaheb Dhone and Associate Vice-President of AGEL Akshay Mathur were also present on the occasion.

The MoU was signed with AGEL in the presence of Energy Minister Dr Nitin Raut and Principal Secretary for Energy, Dinesh Waghmare..

Source : Business Standard

8 .

Who is launches wearable ATM cards and offline UPI?

A)

paypal

B)

Acemoney

C)

Stripe

D)

Payoneer

Correct Answer : Acemoney

* Acemoney has launched UPI 123Pay payment and wearable ATM cards.

* UPI 123Pay : Allow people to carry out cashless transactions without smartphones or internet connections by using feature phones only.

* Wearable ATM cards : It is designed as key chains and rings that allows people to carry out cashless transactions without ATM cards and phones.

* Acemoney is India's first company to launch UPI 123Pay services in Malayalam and Tamil.

* RBI had launched UPI 123Pay in March 2022..

Source : The Hindu Businessline

9 .

Which company has commissioned India's largest floating solar power project of 101.6 Megawatt Peak (MWp) in Kerala backwaters?

A)

Adani Group

B)

Azure Power Global Limited

C)

Tata Power Solar Systems

D)

Websol Energy Systems Ltd.

Correct Answer : Tata Power Solar Systems

Tata Power Solar Systems, a wholly-owned subsidiary of Tata Power, has accomplished a remarkable feat by commissioning India's largest floating solar power project in Kayamkulam, Kerala on a 350-acre water body, backwaters area, having an installed capacity of 101.6 Megawatt Peak.

This installation was completed within the stipulated period, despite the arduous challenges of variable water depths, high sea tides, and severe water salinity concerns faced throughout the project's construction duration.

Tata Power Solar successfully built a scaffolding platform on the water body to make the entire solar plant float on water. This project is the first one in the Floating Solar Photovoltaic (FSPV) through Power Purchase Agreement category. This plant boasts a floating inverter platform having a 5 Megawatt (MW) capacity.

The large-scale installation and commissioning of this 101.6 MWp capacity solar plant have been the fastest in the FSPV category, with ready a Commercial Operation Date (CoD) certification, which means the project has been nodded as complete and operational. The entire project is anchored to the waterbed of Kerala backwater using 134 cast pile foundations that are bored to a depth of 20 meters underwater to support the Central Monitoring and Control Stations (CMCS) and the 33/220 kilovolts switchyard. All this was done by dredging soil strata underwater, wherein the high groundwater was also a deterrent..

Source : Business Standard

10 .

Which company to acquire Blinkit for Rs 4,447 crore in all-stock deal?

A)

Zomato

B)

Talabat

C)

Swiggy

D)

McDonald's

Correct Answer : Zomato

Online food delivery platform Zomato on Friday announced the acquisition of Blinkit, which was earlier known as Grofers, in an all-stock deal of Rs 4,447 crore.

Zomato said it would acquire up to 33,018 equity shares of Blink Commerce Pvt Ltd from its shareholders for a total purchase consideration of Rs 4,447.48 crore at a price of Rs 13.45 lakh per equity share. The decision was taken at a board meeting today. “This acquisition is in line with our strategy of investing in the quick commerce business,”

Zomato said, adding that the transaction would be carried out through issuance and allotment of up to 62.85 crore fully paid-up equity shares of Zomato, having face value of Re 1 each at a price of Rs 70.76 per equity share. Zomato already holds one equity share and 3,248 preference shares, presently in the online quick commerce startup.

Zomato said it would also buy the warehousing and ancillary services business from Blinkit's parent company Grofers International for Rs 60.7 crore..

Source : India Times