eco and finance Flashcards by Kanaksha Kataria

_________, a 1983-batch retired IRS officer

has been appointed as the chairperson of the PMLA Adjudicating Authority located in the national capital.

Vinodanand Jha

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The Prevention of Money Laundering Act (PMLA) was enacted by the Indian Parliament in_____ to prevent
money laundering in India. The PMLA was enacted in _____ and it came into force in______. . The PLMA has been amended three times, that is, in_________. Under the PMLA,
the burden of proof lies with the ______ who has to prove that the suspect property/assets have not been
obtained through proceeds of crime.

2002 ;2005; 2009, 2009 and 2012; accused,

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____ emerges as largest exporters of cucumber, gherkins in the world

India

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World’s largest cryptocurrency exchange __________launched its first ever Indian NFT collection inspired by
Indian mythology and Southeast Asian, Japanese and Chinese folklore. A series of ______ based on
blended Indian and Chinese mythology, with MetaMasters Mahadev being the first among them. Metamasters was created by _______ and ______

Binance ; MetaMasters; Sourav Roy and Sandeep Bhatia

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_____ to invest up to $1 billion in Bharti Airtel.

Google;

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_______ has emerged as the first Indian PSU to win the Global Healthy Workplace Award 2021 in the ‘Large Scale Industry‘ category.

Indian Oil Corporation Limited (IndianOil);

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________ has highest number of SC entrepreneur

Maharashtra; Tamil Nadu; Rajasthan

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Social media giant______ has under its #SheMeansBusiness programme, partnered with industry body ____ to support_____ women-led small businesses across India.

Meta; FICCI ; five lakh

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Indian economy estimated to grow by____ percent in real terms in 2021-22 (as per first advanced estimates)
subsequent to a contraction of 7.3 percent in 2020-21.

9.2%

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GDP projected to grow by____ percent in real terms in 2022-23

8- 8.5

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Projection comparable with World Bank and Asian Development Bank‘s latest forecasts of real GDP
growth of ___ percent and ___ percent respectively for 2022-23.

8.7 ; 7.5

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As per IMF‘s latest World Economic Outlook projections, India‘s real GDP projected to grow at ___ percent in 2021-22 and 2022-23 and at __ percent in 2023-2024, which would make India the fastest growing major economy in the world for all 3 years

9 ; 7.1

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Agriculture and allied sectors expected to grow by __ percent; industry by __ percent and services sector
by ___ percent in 2021-22.

3.9; 11.8 ; 8.2

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On demand side, consumption estimated to grow by ___ percent, Gross Fixed Capital Formation (GFCF) by
___ percent, exports by __ percent and imports by ___ percent in 2021-22

7.0 ; 15 ; 16.5 ; 29.4

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The first Economic Survey of India was presented in ___ as part of the Union Budget._______ is the current Chief Economic Adviser

1950-51; Dr V Anantha Nageswaran

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Prime Minister Narendra Modi hailed India‘s startups ecosystem, acknowledging____ startups turned
unicorns, or a startup valued at $1 billion or more, in 2021. He announced that _______ will be celebrated
as National Startup day. . India is the third largest Unicorn ecosystem in the world after US and China.

Prime Minister Narendra Modi hailed India‘s startups ecosystem, acknowledging 42 startups turned
unicorns, or a startup valued at $1 billion or more, in 2021. He announced that January 16 will be celebrated
as National Startup day.

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______ launched ―Saa thi‖ – a mobile app on

investor education in Mumbai

Markets regulator Securities and Exchange Board of India (SEBI) launched ―Saa thi‖ – a mobile app on
investor education in Mumbai

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Bengaluru-based ed-tech startup ________ launched the world‘s first ‗neoschool‘, an after-school online
initiative that aims to teach students things that they would not learn in regular schools

Bengaluru-based ed-tech startup StayQrious launched the world‘s first ‗neoschool‘, an after-school online
initiative that aims to teach students things that they would not learn in regular schools

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The Reserve Bank of India has approved the appointment of ______, former Comptroller and Auditor General (CAG) of India as independent chairman of Unity Small Finance Bank Limited (Unity Bank)

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The Reserve Bank of India has approved the appointment of Vinod Rai, former Comptroller and Auditor General (CAG) of India as independent chairman of Unity Small Finance Bank Limited (Unity Bank)

______ and Gujarat-based Adani group have joined hands to forge a $5 billion partnership to
explore setting up a greenfield integrated steel mill and other businesses in Gujarat‘s Mundra

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Korean steel maker (posco) and Gujarat-based Adani group have joined hands to forge a $5 billion partnership to
explore setting up a greenfield integrated steel mill and other businesses in Gujarat‘s Mundra

Asia‘s first exchange-traded fund (ETF) is likely to be launched in____ soon. ______ a joint venture between Mumbai-based _________ and Hyderabad-based _______, has inked a Memorandum of Understanding with the BSE‘s international arm India _____ to develop digital asset-based products in India. By the end of this fiscal, this service should be available in GIFT City, a central business center in Gandhinagar, Gujarat.

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Asia‘s first exchange-traded fund (ETF) is likely to be launched in India soon. Torus Kling Blockchain
IFSC, a joint venture between Mumbai-based Cosmea Financial Holdings and Hyderabad-based Kling
Trading India, has inked a Memorandum of Understanding with the BSE‘s international arm India INX to
develop digital asset-based products in India. By the end of this fiscal, this service should be available in GIFT
City, a central business centre in Gandhinagar, Gujarat.

Power Grid Corporation of India Ltd has signed a joint development agreement with _____ a panAfrican infrastructure investment platform to continue to develop the Kenya Transmission Project

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Power Grid Corporation of India Ltd has signed a joint development agreement with Africa50, a panAfrican infrastructure investment platform to continue to develop the Kenya Transmission Project

India‘s richest families saw their wealth reach a record high in 2021, even as___ per cent of Indian
households saw an income decline amid the pandemic, according to a report from non-profit Oxfam India
titled_______ . It said the richest ___ Indians own the same wealth as the bottom_____ million people. The number of Indian billionaires grew during the year from __ to____, according to the report published
ahead of the World Economic Forum‘s Davos Agenda. It called for higher taxation on the richest 10 per
cent of the Indian population to help fund measures to reduce inequality. This could cover schemes for
education, health care, and social security, according to the report titled ‗Inequality Kills‘. The wealth of the
top 100 families is now _____, according to the report.
 A separate analysis of the data from the World Inequality Report suggests that taxing the top 10 per cent
would cover families with significantly lower wealth than the top 100. The average wealth of the top 100
families is Rs 5.7 trillion going by the Oxfam numbers. The average wealth of the top 10 per cent is Rs 63-65
lakh, shows a Business Standard analysis of the data from the World Inequality Report. India was described as
‗very unequal,‘ with the top 10 of the country holding 57 per cent of the wealth, while the share of the bottom half is 13 per cent. The report had also pointed out the role of higher taxation globally to reduce inequality

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India‘s richest families saw their wealth reach a record high in 2021, even as 84 per cent of Indian
households saw an income decline amid the pandemic, according to a report from non-profit Oxfam India
titled ‗Inequality Kills‘. It said the richest 98 Indians own the same wealth as the bottom 552 million people.
 The number of Indian billionaires grew during the year from 102 to 142, according to the report published
ahead of the World Economic Forum‘s Davos Agenda. It called for higher taxation on the richest 10 per
cent of the Indian population to help fund measures to reduce inequality. This could cover schemes for
education, health care, and social security, according to the report titled ‗Inequality Kills‘. The wealth of the
top 100 families is now Rs 57.3 trillion, according to the report.
 A separate analysis of the data from the World Inequality Report suggests that taxing the top 10 per cent
would cover families with significantly lower wealth than the top 100. The average wealth of the top 100
families is Rs 5.7 trillion going by the Oxfam numbers. The average wealth of the top 10 per cent is Rs 63-65
lakh, shows a Business Standard analysis of the data from the World Inequality Report. India was described as
‗very unequal,‘ with the top 10 of the country holding 57 per cent of the wealth, while the share of the bottom
half is 13 per cent. The report had also pointed out the role of higher taxation globally to reduce inequalit

Mumbai-based\_\_\_\_\_\_ has become the first major Indian multinational conglomerate to roll out an 
electric vehicle (EV) policy for its employees.

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Mumbai-based JSW Group has become the first major Indian multinational conglomerate to roll out an 
electric vehicle (EV) policy for its employees.

IndusInd Bank has joined hands with the________ for offering realtime cross-border remittances to India using UPI IDs for its Money Transfer Operator (MTO) partners

IndusInd Bank has joined hands with the National Payments Corporation of India (NPCI) for offering realtime cross-border remittances to India using UPI IDs for its Money Transfer Operator (MTO) partners

India looks set to overtake _____ next year and then ______in 2023 to regain its place as the world‘s______ biggest economy. The British consultancy CEBR said the world‘s economic output will exceed 100 trillion dollar for the first time next year and it will take China a little longer than previously thought to overtake the United States as the No.1 economy. CEBR predicted China will become the world‘s top economy in dollar terms in____ two years later than forecast in last year‘s World Economic League Table report. The report showed Germany was on track to overtake ____ in terms of economic output in 2033. Russia could become a _____economy by 2036 and Indonesia looks on track for ninth place in______

India looks set to overtake France next year and then Britain in 2023 to regain its place as the world‘s sixth biggest economy. The British consultancy CEBR said the world‘s economic output will exceed 100 trillion dollar for the first time next year and it will take China a little longer than previously thought to overtake the United States as the No.1 economy.  CEBR predicted China will become the world‘s top economy in dollar terms in 2030, two years later than forecast in last year‘s World Economic League Table report.  The report showed Germany was on track to overtake Japan in terms of economic output in 2033. Russia could become a Top 10 economy by 2036 and Indonesia looks on track for ninth place in 2034

India has welcome______ as the fourth new member of BRICS New Development Bank._______, _______ and ______joined in September 2021 The BRICS brings together______ of the largest developing countries of the world, representing __ per cent of the global population, ____ per cent of the global GDP and _____ per cent of the global trade. ``` The bank is headquartered in____. ______ is President of the New Development Bank (NDB). ```

India has welcomed Egypt as the fourth new member of BRICS New Development Bank. Bangladesh, UAE, and Uruguay joined in September 2021 The BRICS brings together five of the largest developing countries of the world, representing 41 per cent of the global population, 24 per cent of the global GDP and 16 per cent of the global trade. The bank is headquartered in Shanghai, China. Marcos Troyjo is President of the New Development Bank (NDB).

______ announces launch of 'green fixed deposits‘

IndusInd Bank announces launch of 'green fixed deposits‘

India‘s largest lender,_______ is set to embrace new recommended interest rate benchmarks necessitated as the traditional rate gauge ___________

India‘s largest lender, State Bank of India (SBI) is set to embrace new recommended interest rate benchmarks necessitated as the traditional rate gauge London Interbank Offered Rate (LIBOR)

________ will acquire about 10 per cent stake in the India International Clearing Corporation (IICC). IICC is the first international clearing corporation set up at GIFT-IFSC t

State Bank of India will acquire about 10 per cent stake in the India International Clearing Corporation (IICC). IICC is the first international clearing corporation set up at GIFT-IFSC t

Corporate houses, which are not allowed to own a bank, can now pick up____ per cent stake in commercial banks through their________  This is because the Reserve Bank of India (RBI) has allowed non-promoters to hold up to____ per cent in private sector banks, following the recommendation of an internal working group (IWG) that was set up to review the existing guidelines on ownership and corporate structure for these entities.

Corporate houses, which are not allowed to own a bank, can now pick up 15 per cent stake in commercial banks through their non-banking financial companies (NBFCs).  This is because the Reserve Bank of India (RBI) has allowed non-promoters to hold up to 15 per cent in private sector banks, following the recommendation of an internal working group (IWG) that was set up to review the existing guidelines on ownership and corporate structure for these entities.

_______ is stepping up the game to amaze new travelers on a wider scale by becoming the first global virtual NFT platform based on a real-world map.

Metaverse Dubai is stepping up the game to amaze new travelers on a wider scale by becoming the first global virtual NFT platform based on a real-world map.

LIC unveils digital zone in _______

LIC unveils digital zone in Mumbai

_________ has become the latest entity to join the green hydrogen rush by initiating the process of setting up a______ green hydrogen plant at its pumping station _____ district of Assam.  Though a small pilot as compared to more ambitious projects planned by its oil sector siblings, OIL‘s proposed plant is significant as it will deploy_____ technology for the first time in the country and will be first such project in the northeast

Oil India Ltd has become the latest entity to join the green hydrogen rush by initiating the process of setting up a 100 kw green hydrogen plant at its pumping station No. 3 in Jorhat district of Assam.  Though a small pilot as compared to more ambitious projects planned by its oil sector siblings, OIL‘s proposed plant is significant as it will deploy AEM technology for the first time in the country and will be first such project in the northeast

Bloomberg Billionaires Index

1) Elon Musk 2) Bezos 3) Arnault 4) bill 5) larry paige azim- 33 gautam adani - 14 zhong shansan-13

__________ sets up a committee for creating a framework for transfer of stressed loans from domestic lenders to financial institutions in IFSC. Former executive director of ___ ____________ would be chairing the committee which will also include representative from law firm and other market participants possessing expertise in banking and legal issues

The International Financial Services Centres Authority (IFSCA) sets up a committee for creating a framework for transfer of stressed loans from domestic lenders to financial institutions in IFSC. Former executive director of RBI G Padmanabhan would be chairing the committee which will also include representative from law firm and other market participants possessing expertise in banking and legal issues

_____ announced that it is auctioning the world‘s first SMS as a non-fungible token (NFT). Now, the company has announced that a bidder has paid _____ euros for the replica of the first communication protocol of a short message, perpetuated as a NFT

Vodafone announced that it is auctioning the world‘s first SMS as a non-fungible token (NFT). Now, the company has announced that a bidder has paid 107,000 euros for the replica of the first communication protocol of a short message, perpetuated as a NF

______ announced that it has won the number one position in overall digital transactions among large banks for FY20-21.

Bank of Baroda announced that it has won the number one position in overall digital transactions among large banks for FY20-21.

RBL Bank MD and CEO_______ steps down, _________ takes over

RBL Bank MD and CEO Vishwavir Ahuja steps down, Rajeev Ahuja takes over

The Reserve Bank of India has approved the Life Insurance Corporation of India (LIC) to raise its stake in IndusInd Bank by up to______ per cent. current stake- ______

The Reserve Bank of India has approved the Life Insurance Corporation of India (LIC) to raise its stake in IndusInd Bank by up to 9.99 per cent. 4.95%

. The Life insurance Corporation of India was established on _________, when the Parliament of India passed the Life Insurance of India Act that nationalized the insurance industry in India. Over 245 insurance companies and provident societies were merged to create the state-owned Life Insurance Corporation of India. It is based in __________

. The Life insurance Corporation of India was established on September 1, 1956, when the Parliament of India passed the Life Insurance of India Act that nationalized the insurance industry in India. Over 245 insurance companies and provident societies were merged to create the state-owned Life Insurance Corporation of India. It is based in Mumbai

North India‘s first Centre of Entrepreneurship in Medi Electronics and Health Informatics to start operations in _________

North India‘s first Centre of Entrepreneurship in Medi Electronics and Health Informatics to start operations in Lucknow

_________ has joined hands with_________ launched bob World Wave, a wearable line of products for payments, integrated with a complete health ecosystem. max amt- ________

Bank of Baroda (BOB) has joined hands with National Payments Corporations of India (NPCI) launched bob World Wave, a wearable line of products for payments, integrated with a complete health ecosystem. 5000

______ district ranks first in export of engineering goods

Pune district ranks first in export of engineering goods

Two of ITC‘s signature hotels in South India have been bestowed with a rare distinction. The hospitality group‘s flagship _______ in______, and______ in _______ , have been certified with the US Green Building Council (USGBC)‘s LEED Zero Carbon Certification The acronym LEED stands for_________

The acronym LEED stands for ‗Leadership in Energy and Environmental Design‘. itc chola, chennai and itc windsor, bengaluru

________ first carmaker in India to launch NFT

MG Motors first carmaker in India to launch NFT

India‘s first Green Hydrogen Microgrid Projects to be set up at ________ in _______ National Thermal Power Corporation Limited, NTPC said,

India‘s first Green Hydrogen Microgrid Projects to be set up at Simhadri in Andhra Pradesh. National Thermal Power Corporation Limited, NTPC said,

eco and finance Flashcards

(47 cards)