Tuesday 26 January 2016

Weekly Update: FINANCE/ECONOMY: Week4, January 2016

Finance/Economy during the fourth week of Jan 2016 i.e. 17/01/2016 to 23/01/2016


Ques. Which state's commercial tax department has signed a Memorandum of Understanding (MoU) with Directorate General of Foreign Trade (DGFT) for sharing of foreign exchange realization data?
Ans. Bihar

Ques. Which among the following is the wholly-owned subsidiary of Reserve Bank of India (RBI) in which it has increased its shareholding by contributing Rs.1,000 crore towards its paid-up capital?
Ans. National Housing Bank

Ques. With which company the Cochin Port Trust has entered into an MoU for the running of weekly container train service from Irugur ICD, Coimbatore to ICTT Vallarpadam, Cochin Port.
Ans. CONCOR

Ques. India has been elected to the board of directors of-?
Ans. Asian Infrastructure Investment Bank

Ques. In which sector does BTI Payments operate from which the technology giant IBM has bagged a 7-year deal worth USD 40 million?
Ans. a white Label ATM (WLA) operator

Ques. How many girls are there among twenty five children, who have been selected for the National Bravery Awards for 2015?
Ans. 3


Ques. Which company has taken over the management and control of Pipavav Defence and Offshore Engineering Co Ltd (PDOC)?
Ans. Reliance Infrastructure Ltd

Ques. The International Monetary Fund cut its global economic growth forecast for 2016 to-?
Ans. 3.4 percent

Ques. How much expenditure has been approved by the Cabinet for Solar projects?
Ans. Rs. 5,050 crore

Ques. The Reserve Bank of India (RBI) allowed banks to sell India Gold Coins (IGC) with ------------------ manufactured by public sector MMTC Ltd.
Ans. Ashok Chakra

Ques. What is the medium term and long term duration of Gold Monetisation Schemes for which the RBI has allowed depositors to withdraw pre-maturely after the minimum lock-in period? 
Ans.  5-7 year and 12-15 years

Ques. ONGC Videsh Ltd, has entered into an agreement with which African Nation for cooperation in upstream hydrocarbon sector?
Ans. Equatorial Guinea


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