ECONOMIC AND FINANCE

Question 1

——- became the first person ever to lose $200 billion

Answer 1

Elon Musk became the first person ever to lose $200 billion

Question 2

———————————– has announced the launch of ARENAVerse, a metaverse platform for
the business‘ ARENA showroom network, in an effort to improve its position in the metaverse world.

Answer 2

Maruti Suzuki India Limited (MSIL) has announced the launch of ARENAVerse, a metaverse platform for
the business‘ ARENA showroom network, in an effort to improve its position in the metaverse world.

Question 3

———– to launch first National NFT Marketplace

Answer 3

china

Question 4

India‘s first-ever coal gasification based Talcher Fertiliser plant in ——— will be ready by
October 2024

Answer 4

odisha

Question 5

—————–became the country‘s first carbon-neutral power
exchange,

Answer 5

 Energy trading platform Indian Energy Exchange (IEX) became the country‘s first carbon-neutral power
exchange,

Question 6

Union Government approved for listing of the—————- on
the Stock Exchanges. IREDA is currently a wholly owned Government of India, Mini-ratna (Category-I)
CPSE incorporated in 1987 and is engaged in financing of Renewable Energy and Energy Efficiency
projects in India. It is registered as a Non-banking Financial Company (NBFC) with the Reserve Bank of
India.

Answer 6

Union Government approved for listing of the Indian Renewable Energy Development Agency (IREDA) on
the Stock Exchanges. IREDA is currently a wholly owned Government of India, Mini-ratna (Category-I)
CPSE incorporated in 1987 and is engaged in financing of Renewable Energy and Energy Efficiency
projects in India. It is registered as a Non-banking Financial Company (NBFC) with the Reserve Bank of
India.

Question 7

Twitter‘s new CEO ——

Answer 7

Twitter‘s new CEO Linda Yaccarino

Question 8

Government appoints ———as CCI Chairperson

Answer 8

Government appoints Ravneet Kaur as CCI Chairperson

Question 9

HDFC Mutual Fund launches India‘s first ——–fund

Answer 9

HDFC Mutual Fund launches India‘s first defence fund

Question 10

Cabinet clears Rs ——- cr-IT Hardware PLI Scheme 2.0

Answer 10

Cabinet clears Rs 17,000 cr-IT Hardware PLI Scheme 2.0

Question 11

——– Foundation Launches World‘s First Skill Centre in Metaverse

Answer 11

Adani Foundation Launches World‘s First Skill Centre in Metaverse

Question 12

———- set to acquire assets of First Republic Bank after its closure

Answer 12

JP Morgan set to acquire assets of First Republic Bank after its closure

Question 13

————named as first CEO of India‘s largest insurer LIC

Answer 13

Veteran Mohanty named as first CEO of India‘s largest insurer LIC

Question 14

——–has become Europe‘s largest supplier of refined fuels

Answer 14

India has become Europe‘s largest supplier of refined fuels

Question 15

Indian-origin ———-is next World Bank president

Answer 15

Indian-origin Ajay Banga is next World Bank president

Question 16

India‘s Go First airline files for bankruptcy, blames———-
 Cash-strapped Indian airline Go First filed for bankruptcy proceedings, blaming ―faulty‖ Pratt & Whitney
engines for the grounding of about half its fleet. T

Answer 16

India‘s Go First airline files for bankruptcy, blames Pratt & Whitney
 Cash-strapped Indian airline Go First filed for bankruptcy proceedings, blaming ―faulty‖ Pratt & Whitney
engines for the grounding of about half its fleet. T

Question 17

 The IIT——- will get a PARAM supercomputer of 833 Tera Flops (TF) high performance computing
(HPC) system by September this year. It will be the first supercomputer in —-

Answer 17

IIT-Patna to get state‘s first supercomputer
 The IIT-Patna will get a PARAM supercomputer of 833 Tera Flops (TF) high performance computing
(HPC) system by September this year. It will be the first supercomputer in Bihar.

Question 18

Softone unveils ———— India‘s first ultra-modern hearing machine

Answer 18

Softone unveils ‗Re-Hear‘, India‘s first ultra-modern hearing machine

Question 19

,———–Indian Navy conduct successful trial of indigenous air droppable container

Answer 19

DRDO, Indian Navy conduct successful trial of indigenous air droppable container

Question 20

TN: Engineering students from———- develop India‘s first hydrogen-powered energy boat

Answer 20

TN: Engineering students from Coimbatore develop India‘s first hydrogen-powered energy boat

Question 21

World‘s first Bugatti Residences launched in ——

Answer 21

World‘s first Bugatti Residences launched in Dubai

Question 22

Virtuzone launches ——— – World‘s first AI-powered UAE corporate tax assistant

Answer 22

Virtuzone launches TaxGPT – World‘s first AI-powered UAE corporate tax assistant

Question 23

Virtuzone launches ——— – World‘s first AI-powered UAE corporate tax assistant

Answer 23

Virtuzone launches TaxGPT – World‘s first AI-powered UAE corporate tax assistant

Question 24

———has been ranked ‗most miserable country‘ in the Hanke‘s Annual Misery Index (HAMI) 2022.
The country‘s staggering level of misery has been attributed to the policies implemented by President
Emmerson Mnangagwa, representing the ZANU-PF party————-secured the 35th position on the list of the
world‘s most miserable countries.

Answer 24

Zimbabwe has been ranked ‗most miserable country‘ in the Hanke‘s Annual Misery Index (HAMI) 2022.
The country‘s staggering level of misery has been attributed to the policies implemented by President
Emmerson Mnangagwa, representing the ZANU-PF party. Pakistan secured the 35th position on the list of the
world‘s most miserable countries.

Question 25

------- India‘s first social currency payment car

Answer 25

WYLD; India‘s first social currency payment car

Question 26

India plans to host first global insurance summit to attract investment

Question 27

---------token Unveils the World‘s First Crypto Block chain to the World

Answer 27

MetGain Token Unveils the World‘s First Crypto Block chain to the World

Question 28

Japan awards Mitsubishi Heavy Industries contracts worth------------ to develop new missile force

Answer 28

Japan awards Mitsubishi Heavy Industries contracts worth 2.84 billion dollars to develop new missile force

Question 29

5 Indian-origin women feature in ‗100 Most Influential Women in US Finance‘ list

Question 30

ost of Rs. 3,000 crore. ONGC Videsh wins $190 million arbitral awards against ------

Answer 30

ost of Rs. 3,000 crore. ONGC Videsh wins $190 million arbitral awards against Sudan 

Question 31

United States hosts war planning exercises in Germany for -----------

Answer 31

United States hosts war planning exercises in Germany for Ukraine

Question 32

-------- to set up 10-gigawatt solar energy project in A.P

Answer 32

Reliance to set up 10-gigawatt solar energy project in A.P

Question 33

----------------- receives the first all India BIS license to produce Structural Weather Resistant Steel

Answer 33

Tata Steel Jamshedpur plant receives the first all India BIS license to produce Structural Weather Resistant Steel

Question 34

----------- 12th highest-paid female athlete in world, only Indian and badminton player in top 25

Answer 34

PV Sindhu 12th highest-paid female athlete in world, only Indian and badminton player in top 25

Question 35

Indian female wrestler -------------- nominated for United World Wrestling Rising Star of the Year honour

Answer 35

Indian female wrestler Antim Panghal nominated for United World Wrestling Rising Star of the Year honour

Question 36

------------‘ creates history; SRK-starrer is the first Indian film to be released in ICE format

Answer 36

‗Pathaan‘ creates history; SRK-starrer is the first Indian film to be released in ICE format

Question 37

StocX.in launches India‘s first private market index

Question 38

Razorpay becomes India‘s first payment gateway to support credit cards on UPI

Question 39

Finance Minister Nirmala Sitharaman, 5 other Indians among Forbes‘ World‘s 100 Most Powerful Women

Question 40

 Four Indian-origin women, including Jayshree Ullal and Indra Nooyi, have been named by Forbes among America‘s 100 richest self-made women, with a combined net worth of a whopping USD 4.06 billion. President and CEO of Arista Networks, a computer networking firm; Jayshree Ullal, co-founder of IT consulting and outsourcing firm Synte; Neerja Sethi, co-founder and former chief technology officer (CTO) of cloud company Confluent; Neha Narkhede and PepsiCo‘s former chair and CEO Indra Nooyi made it to Forbes list of ‗America‘s Richest Self-Made Women‘. ―Bolstered in part by a rebound in the stock market, they are cumulatively worth a record USD 124 billion, up nearly 12 per cent from a year ago,‖ Forbes said last month at the release of its ninth annual list.  Ullal, ranked 15th on the list, has a net worth of USD 2.4 billion. She has been president and CEO of the publicly-traded Arista Networks since 2008 and owns about 2.4 per cent of its stock. Arista recorded revenue of nearly USD 4.4 billion in 2022. She is also on the board of directors of Snowflake, a cloud computing company that went public in September 2020. Sethi, ranked 25th on the list, has a net worth of USD 990 million.  Syntel, co-founded in 1980 by Sethi and her husband Bharat Desai, was bought by French IT firm Atos SE for USD 3.4 billion in October 2018. Sethi got an estimated USD 510 million for her stake.  Nooyi, the former chair and CEO of PepsiCo, retired in 2019 after 24 years with the company, half of which she spent in the top job. The 67-year-old has a net worth of USD 350 million and is ranked 77th on the list. As CEO, the 67-year-old thwarted a bid to break up PepsiCo, nearly doubled sales and introduced healthier products and environmentally friendly practices. Her fortune stems from stock she was granted while working at PepsiCo.  Diane Hendricks, Cofounder, ABC Supply--one of the largest wholesale distributors of roofing, siding and windows in America-- with a $15 billion net worth, retained the top slot followed by musician Rihanna, having a net worth of $1.4 billion. This year‘s list has eight entrants, including television producer Shonda Rhimes and Insitro CEO Daphne Koller. ―Bolstered in part by a rebound in the stock market, they are cumulatively worth a record USD 124 billion, up nearly 12 per cent from a year ago,‖ Forbes said.

Question 41

Researchers discovered an ultra-hot exo-planet which acts like a mirror in space. The exo-planet, which means it‘s located outside our solar system, is covered by reflective metallic clouds, making it the shiniest exoplanet ever found.  The planet, named LTT9779b, was discovered during the ESA‘s exoplanet mission ‗Cheops‘. ―Aside from the Moon, the brightest object in our night sky is planet Venus, whose thick cloud layer reflects around 75% of the Sun‘s light. Meanwhile the Earth only reflects 30% of the sunlight,‖ ESA said in its blog. However, this newly discovered exoplanet reflects a whopping 80% of the light shone on it by its host star, acting like a ―mirror‖ and making it the universe‘s most reflective object known.