AffairsCloud brings you the complete and important daily Current Affairs Quiz 8 October 2022 to achieve more marks in Banking, Insurance, UPSC, SSC, CLAT, Railways and all other competitive Exams. We have prepared the current affairs quiz question from our daily current affairs 2022 updates.
Our Current Affairs June 2022 events will help you to get more marks in Banking, Insurance, SSC, Railways, UPSC, CLAT and all State Government Exams. Also, try our Current Affairs Quiz.
- Which of the following statements is/are “Correct” with respect to the Credit Guarantee Scheme for Startups (CGSS), established recently (in Oct’22) by the Department for Promotion of Industry and Internal Trade (DPIIT)?
A.The intention of the CGSS is to provide credit guarantees up to a specific limit against loans issued by MIs to finance eligible borrowers.
B.The credit guarantee coverage would be transaction-based and umbrella-based.
C.Transaction-based guarantees will encourage lending by Banks/ NBFCs to eligible startups.
1) Only A
2) Only B
3) Only C
4) None of the Above
5) All the AboveAnswer-5) All the Above
Explanation:
The Credit Guarantee Scheme for Startups (CGSS) offers collateral-free loans up to a specified limit.
i.The intention of the CGSS is to provide credit guarantees up to a specific limit against loans issued by MIs to finance eligible borrowers.
ii.Under the scheme, the credit guarantee coverage would be transaction-based and umbrella-based.
iii.Transaction-based guarantees will encourage lending by Banks/ NBFCs to eligible startups.
iv.The umbrella-based guarantee cover would give guarantees to Venture Debt Funds (VDF) established under SEBI’s AIF regulations (a rising area of funding in the Indian startup ecosystem), based on the nature of the funds collected and debt financing provided by them. - What is the name of the SupTech app launched by the Reserve Bank of India (RBI) recently (in Oct’22) to improve Supervisory Monitoring System?
1) HomeCredit
2) DAKSH
3) Dhani
4) Kissht
5) NAVIAnswer-2) DAKSH
Explanation:
On October 6, 2022, the Governor of the Reserve Bank of India (RBI) launched a new SupTech initiative named ‘दक्ष (DAKSH) – Reserve Bank’s Advanced Supervisory Monitoring System’ to further strengthen the supervisory processes.
• The meaning of DAKSH is efficient and competent. - Which Private Sector Bank collaborated with Mintoak Innovations India to launch SmartHub Vyapar App to fulfil everyday business needs of merchants?
1) Axis Bank
2) HDFC Bank
3) Federal Bank
4) ICICI Bank
5) Karur Vysya BankAnswer-2) HDFC Bank
Explanation:
On 6th October 2022 HDFC Bank in collaboration with Mintoak Innovations India, a merchant SaaS platform launched SmartHub Vyapar Merchant app, a one-stop merchant solution app designed to fulfil everyday business needs of merchants.
• The app facilitates instant, digital, and 100 % paperless merchant onboarding for existing HDFC bank customers along with 24×7 support with EVA chatbot, to address any issues. - Which bank has recently (in Oct’22) launched Shagun 501, a special Fixed Deposit (FD) scheme with attractive interest rates?
1) Unity Small Finance Bank Limited
2) Capital Small Finance Bank Limited
3) Suryoday Small Finance Bank Limited
4) Utkarsh Small Finance Bank Limited
5) Equitas Small Finance Bank LimitedAnswer-1) Unity Small Finance Bank Limited
Explanation:
Unity Small Finance Bank Limited (Unity Bank), a digital first bank, has launched Shagun 501, a special Fixed Deposit (FD) scheme at attractive interest rates.
• This scheme will be made available for the money deposited on or before 31st October 2022.
• Under the scheme, the Unity Bank offers a 7.9 percent interest rate on a FD of 501 days for general customers and 8.4 percent for senior citizens. - Name the 1st bank in India that recently (in Oct’22) launched ‘Smart Wire’, an operation for quick and easy online solution to receive inward remittances?
1) IDBI Bank Ltd
2) Kotak Mahindra Bank Ltd
3) Federal Bank Ltd
4) ICICI Bank Ltd
5) Axis Bank LtdAnswer-4) ICICI Bank Ltd
Explanation:
On 7th October 2022 ICICI Bank Limited launched ‘Smart Wire’, an online solution to allow Non Resident Indian (NRI)’s and resident customers to make SWIFT (Society for Worldwide Interbank Financial Telecommunications) based inward remittances through online.
ICICI Bank is the 1st bank in India to introduce such a quick and easy online solution to receive inward remittances. - What is the revised percentage of Gross Domestic Product (GDP) growth forecast for India in 2022-23 (FY23) report released (in Oct’22) by the World Bank?
1) 7.5%
2) 7%
3) 6.1%
4) 6.5%
5) 6.8%Answer-4) 6.5%
Explanation:
On October 6, 2022, the World Bank (WB) in its latest South Asia Economic Focus titled ‘Coping with Shocks: Migration and the Road to Resilience’ has declined the real Gross Domestic Product (GDP) growth forecast for India for 2022-23 (FY23) to 6.5%, from an earlier estimate of 7.5%.
• For FY23-24, this projection is 7%, and for FY24-25 it will be 6.1%. - With which Maharatna Company did GE Gas Power recently (in Oct’22) sign a MoU for demonstrating hydrogen co-firing in gas turbines?
1) Bharat Petroleum Corporation Limited
2) National Thermal Power Corporation
3) Hindustan Petroleum Corporation Limited
4) Gas Authority of India Limited
5) Power Grid Corporation of India LimitedAnswer-2) National Thermal Power Corporation
Explanation:
On 6 October 2022, National Thermal Power Corporation (NTPC) signed a first-of-its-kind Memorandum of Understanding (MoU) with GE Gas Power to explore the feasibility of hydrogen (H2) co-firing blended with natural gas in GE’s 9E gas turbines installed at NTPC’s Kawas gas power plant in Gujarat.
• The agreement is in the direction to meet the objectives under the National Hydrogen Mission (NHM). - Find the Indian Women Cricketer recently (in Oct’22) appointed as Gulf Oil India’s new Brand Ambassador.
1) Mithali Raj
2) Jhulan Goswami
3) Harmanpreet Kaur
4) Jemimah Rodrigues
5) Smriti Shriniwas MandhanaAnswer-5) Smriti Shriniwas Mandhana
Explanation:
On 6th October 2022, Gulf Oil India, a lubricant manufacturer appointed Smriti Shriniwas Mandhana, an Indian cricket star as its new Brand Ambassador. She will join famous cricketers and current brand ambassadors Mahendra Singh Dhoni and Hardik Himanshu Pandya.
About Smriti Mandhana:
i. Smriti Mandhana was born on 18 July 1996 in Mumbai, Maharashtra, a professional Indian cricketer who plays for the Indian Women’s National team.
ii.She received the honourable ‘Arjuna Award’ in 2018 and the Rachael Heyhoe Flint Trophy for the International Cricket Council (ICC) Women’s Cricketer of the Year 2021. - Who was recently (in Oct’22) appointed as the Chief Executive Officer of Bank of India Investment Managers Private Ltd?
1) Mallikarjuna Rao
2) Mohit Bhatia
3) Sanjiv Chadha
4) Atanu Kumar Das
5) A. S. RajeevAnswer-2) Mohit Bhatia
Explanation:
• Bank of India Investment Managers Private Ltd, a wholly-owned subsidiary of Bank of India appointed Mohit Bhatia as the new Chief Executive Officer (CEO)with effect from October 04, 2022.
• Prior to this appointment he served as the head of sales & marketing in Canara Robeco Asset Management Company. - When was The World Cotton Day (WCD) 2022 observed across the globe?
1) 4th October
2) 8th October
3) 7th October
4) 5th October
5) 6th OctoberAnswer-3) 7th October
Explanation:
The United Nations (UN)’s World Cotton Day (WCD) is annually observed across the globe on 7 October to show the enduring positive impact on Cotton and raise awareness of the importance of cotton and cotton-related products.
• According to the Food and Agriculture Organisation (FAO) of the United Nations, the theme for World Cotton Day 2022 is ‘Weaving a better future for Cotton’.
i. World Cotton Day 2022 is opened by QU Dongyu, FAO Director-General, to highlight the crucial role the cotton sector plays for Members as well as its broader economic and social relevance around the world.
- Which of the following statements is/are “Correct” with respect to the Credit Guarantee Scheme for Startups (CGSS), established recently (in Oct’22) by the Department for Promotion of Industry and Internal Trade (DPIIT)?
AffairsCloud Recommends Oliveboard Mock Test
AffairsCloud Ebook - Support Us to Grow
Govt Jobs by Category
Bank Jobs Notification
