Weekly Business Quiz: August 30, 2024

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Weekly Business Quiz with Answers: August 30, 2024

Questions

1. Who is the Moroccan Minister of Transport and Logistics?
2. Who is the Senegalese counterpart of Mohammed Abdeljalil?
3. Where was the meeting between Moroccan and Senegalese ministers held?
4. What was the main focus of the meeting between Moroccan and Senegalese ministers?
5. Which news agency reported the meeting between Moroccan and Senegalese ministers?
6. What was the purpose of the Senegalese delegation’s visit to Morocco?
7. From which dates did the Senegalese delegation visit Morocco?
8. What is the projected CAGR of India’s e-commerce market?
9. What is the estimated value of India’s e-commerce market by 2028?
10. What is driving the growth of India’s e-commerce market?
11. Which two government initiatives are driving the future of e-commerce payments in India?
12. What is the current growth rate forecast for India’s e-commerce market for this year?
13. Which company provided the data and analytics for the e-commerce market forecast in India?
14. How much did Zepto secure in its latest financing round?
15. What is Zepto’s valuation after the recent financing round?
16. Which company led the financing round for Zepto?
17. Name two new investors who joined the financing round for Zepto.
18. Who are the existing investors that increased their stakes in Zepto?
19. Who is the Co-founder and CEO of Zepto?
20. What was the rationale behind Zepto’s follow-on financing?
21. In which year was Zepto founded?
22. Who founded Zepto?
23. Where is Zepto headquartered?
24. How many products does Zepto deliver?
25. How many stores does Zepto plan to increase its network to?
26. When does Zepto plan to launch its IPO?
27. Which agency raised its forecast for India’s GDP growth for 2024?
28. What is the revised forecast for India’s GDP growth for 2024?
29. What was the previous GDP growth forecast for India by Moody’s?
30. What achievement did IREDA secure recently?
31. Which credit rating agency assigned ratings to IREDA?
32. What long-term and short-term issuer credit ratings did IREDA receive?
33. What will the rating enable IREDA to do in the international market?
34. Which agency rated IREDA one notch above the starting point for rating finance companies in India?
35. What relief did the Maharashtra government provide to property buyers?
36. What jurisdictional change did the Maharashtra government make regarding property registration?
37. Where can property registration now be done in Greater Mumbai?

Answers

1. The Moroccan Minister of Transport and Logistics is Mohammed Abdeljalil.
2. The Senegalese counterpart of Mohammed Abdeljalil is Malick Ndiaye.
3. The meeting between Moroccan and Senegalese ministers was held in Rabat.
4. The main focus of the meeting was on promoting transport cooperation, particularly in the railway sector.
5. The meeting between Moroccan and Senegalese ministers was reported by Xinhua news agency.
6. The purpose of the Senegalese delegation’s visit to Morocco was to promote transport cooperation.
7. The Senegalese delegation visited Morocco from August 27-29.
8. The projected CAGR of India’s e-commerce market is 18.7%.
9. The estimated value of India’s e-commerce market by 2028 is $292.3 billion.
10. The growth of India’s e-commerce market is driven by the growing consumer preference for online shopping and strong internet penetration.
11. The government initiatives driving the future of e-commerce payments in India are ‘Make in India’ and ‘Startup India.’
12. The current growth rate forecast for India’s e-commerce market for this year is 23.8%.
13. GlobalData provided the data and analytics for the e-commerce market forecast in India.
14. Zepto secured $340 million in its latest financing round.
15. Zepto’s valuation after the recent financing round is $5 billion.
16. General Catalyst led the financing round for Zepto.
17. Two new investors who joined the financing round for Zepto are Dragon Fund and Epiq Capital.
18. Existing investors that increased their stakes in Zepto are StepStone, Lightspeed, DST, and Contrary.
19. The Co-founder and CEO of Zepto is Aadit Palicha.
20. The rationale behind Zepto’s follow-on financing was to maintain financial discipline and support growth.
21. Zepto was founded in 2021.
22. Zepto was founded by Stanford University dropouts Aadit Palicha and Kaivalya Vohra.
23. Zepto is headquartered in Mumbai.
24. Zepto delivers over 10,000 products.
25. Zepto plans to increase its network of stores from 350 to 700.
26. Zepto plans to launch its IPO in the next two to three years.
27. Moody’s Ratings raised its forecast for India’s GDP growth for 2024.
28. The revised forecast for India’s GDP growth for 2024 is 7.2%.
29. The previous GDP growth forecast for India by Moody’s was 6.8%.
30. IREDA recently achieved the milestone of securing its international credit rating.
31. The credit rating agency that assigned ratings to IREDA is S&P Global Ratings Limited.
32. IREDA received ‘BBB-‘ long-term and ‘A-3’ short-term issuer credit ratings.
33. The rating will enable IREDA to expand its reach in the international market and secure funds at lower interest rates.
34. S&P Global rated IREDA one notch above the starting point for rating finance companies in India.
35. The Maharashtra government provided relief to property buyers by removing jurisdictional limits for property registration.
36. The Maharashtra government made the jurisdictional change that property registration can be done from anywhere in Greater Mumbai.
37. Property registration can now be done at any sub-registrar’s office anywhere in Greater Mumbai.

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Weekly Business Quiz: July 15, 2024

Questions

1. What did the Reserve Bank of India issue on Monday?
2. What do the revised Master Directions emphasize for banks and NBFCs?
3. On what basis were the new Master Directions prepared by the RBI?
4. By how much has the area under kharif crop sowing increased this season?
5. How much area was covered by kharif sowing last year?
6. What is the increase in pulse cultivation in the current Kharif season compared to last year?
7. How many hectares are reported under oilseeds cultivation this year?
8. Which company announced the acquisition of Pureit from Hindustan Unilever?
9. When is the acquisition of Pureit by A.O. Smith Corporation expected to close?
10. How much investment is expected from the agreements signed by the Ministry of Coal for three coal mines?
11. Who are the successful bidders for the coal mines auctioned in the second attempt of the 7th round?
12. What was the Supreme Court’s decision regarding the review petition on the Adani-Hindenburg controversy?
13. What initiative has the Adani Group joined with the Madhya Pradesh government?
14. What is the Adani Group’s commitment under the ‘Ek Ped Maa Ke Naam’ campaign?
15. How many saplings will the Adani Group provide for the tree-planting initiative in Indore?
16. What is the Adani Group’s pledge on the World Economic Forum’s “Trillion Trees Platform”?
17. By what percentage did electronic goods exports increase in June year-on-year?
18. How much did electronic goods exports increase in April this year?
19. Which country’s President met with Papua New Guinea’s Prime Minister to discuss cooperation in various fields?
20. How much did Apple’s sales grow in India in the last fiscal year (FY24)?
21. What trend drove the growth of Apple’s sales in India?

Answers

1. The Reserve Bank of India issued three revised Master Directions on fraud risk management for banks, NBFCs, and housing finance companies.
2. The revised Master Directions emphasize the need for robust internal audit and controls framework in banks and NBFCs.
3. The new Master Directions were prepared based on a comprehensive review of the earlier directions, circulars, and emerging issues.
4. The area under kharif crop sowing has increased by 10.3 per cent this season.
5. Last year, kharif sowing covered 521.25 lakh hectares.
6. Pulse cultivation increased by 26 per cent in the current Kharif season compared to last year.
7. 140.43 lakh hectares are reported under oilseeds cultivation this year.
8. A.O. Smith Corporation announced the acquisition of Pureit from Hindustan Unilever.
9. The acquisition is expected to close by the end of this year.
10. The agreements are expected to bring in an investment of Rs 4,500 crore.
11. The successful bidders are NLC India Limited, Gujarat Mineral Development Corporation Limited, and Tamil Nadu Generation and Distribution Corporation Limited.
12. The Supreme Court dismissed the review petition, finding no error apparent on the face of the record.
13. The Adani Group has joined hands with the Madhya Pradesh government to provide 11 lakh saplings for the tree-planting initiative in Indore.
14. The Adani Group’s commitment is to plant and nurture 100 million trees by FY30.
15. The Adani Group will provide 11 lakh saplings for the initiative in Indore.
16. The Adani Group’s pledge on the World Economic Forum’s “Trillion Trees Platform” is to grow 100 million trees by 2030.
17. Electronic goods exports increased by 16.91 per cent in June year-on-year.
18. In April, electronic goods exports increased by 25.8 per cent.
19. Indonesian President Joko Widodo met with Papua New Guinea Prime Minister James Marape.
20. Apple’s sales in India grew by nearly 33 per cent in the last fiscal year (FY24).
21. The growth of Apple’s sales in India was driven by the premiumisation trend, particularly for iPhones.

Weekly Business Quiz: June 1, 2024

One-Liner Questions:

1. Who praised Rameshbabu Praggnanandhaa for his performance at the 2024 Norway Chess tournament?
2. Against which chess players did Praggnanandhaa win in the Norway Chess tournament?
3. In which round did Praggnanandhaa defeat Magnus Carlsen?
4. What was the reason for Ashneer Grover and his wife being stopped at Delhi airport?
5. What product is Kumar Dharmasena launching?
6. How is Jourdan Johnson raising funds for Gaza residents?
7. What action has the country’s antitrust regulator taken against 12 companies?
8. What are these companies accused of in relation to Samsung SDS?
9. Which chocolate brand is celebrating its 75th year in India?
10. Who is the biggest investor in WeWork?
11. What significant acquisition has the Hinduja Group recently made?
12. What historical use did the Old War Office have?
13. What might the SK Group chairman’s divorce affect?
14. How much did the appellate court order Chey to pay his wife in their divorce?
15. What year did Chey Tae-won and Roh So-young get married?
16. What new functionality has the EPFO operationalized on its website?
17. What can PF members now update online through the EPFO website?

Answers:

1. Gautam Adani praised Rameshbabu Praggnanandhaa.
2. Praggnanandhaa won against Magnus Carlsen and Fabiano Caruana.
3. Praggnanandhaa defeated Magnus Carlsen in Round 3.
4. They were stopped because of a Look Out Notice issued by the Economic Offences Wing of the Delhi Police.
5. Kumar Dharmasena is launching a perfume brand named “UNANDUWA.”
6. Jourdan Johnson is using the Watermelon filter on TikTok to raise funds.
7. The antitrust regulator imposed fines totaling 10.46 billion won on 12 companies.
8. The companies colluded to fix bidding prices for a Samsung SDS project.
9. Cadbury Dairy Milk is celebrating its 75th year in India.
10. Softbank is the biggest investor in WeWork.
11. The Hinduja Group acquired the Old War Office for £1.3 billion.
12. The Old War Office was used by Winston Churchill as a war office.
13. Chey Tae-won’s divorce might affect his grip on SK Group’s governance.
14. Chey was ordered to pay 1.38 trillion won in property division.
15. They got married in 1988.
16. EPFO has operationalized new software functionality for online data rectification.
17. PF members can update their profile details like name, gender, date of birth, etc., online.

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Additional One-Liner Questions:

18. What significant tournament did Rameshbabu Praggnanandhaa compete in recently?
19. What is the significance of the building the Hinduja Group acquired?
20. What type of content does Jourdan Johnson create on TikTok?
21. How is the EPFO improving accessibility for its members?
22. What incident caused the antitrust regulator to impose the fine?
23. Who is affected by the antitrust regulator’s recent decision?
24. How much is the fine that the 12 companies have to pay collectively?
25. What is the new business venture that Kumar Dharmasena has announced?
26. What notable role did the Old War Office have during wartime?
27. What does the EPFO’s new software functionality allow members to do specifically?
28. Which notable chess player did Praggnanandhaa defeat in Round 5 of the Norway Chess tournament?
29. How long have Cadbury Dairy Milk been in India according to the celebration mentioned?
30. What financial challenge might arise for Chey Tae-won following his divorce?
31. How is the community supporting Gaza residents through Jourdan Johnson’s initiative?

Additional Answers:

18. Rameshbabu Praggnanandhaa competed in the 2024 Norway Chess tournament.
19. The building is now a hotel, restaurants, and premium residences.
20. Jourdan Johnson creates content using various filters, specifically the Watermelon filter for fundraising.
21. EPFO has introduced online functionality for updating personal data.
22. The event involves collusion among companies to fix bidding prices for a Samsung SDS project.
23. The decision affects 12 domestic companies and potentially the competitive practices in their industry.
24. The collective fine for the 12 companies is 10.46 billion won.
25. Kumar Dharmasena announced the launch of his perfume brand “UNANDUWA.”
26. It served as Winston Churchill’s war office.
27. The functionality allows updates to personal details such as name, gender, date of birth, and more.
28. Fabiano Caruana was defeated by Praggnanandhaa in Round 5.
29. Cadbury Dairy Milk has been in India for 75 years.
30. The financial challenge involves paying a substantial alimony and property division sum.
31. The community supports through donations triggered by TikTok views using the Watermelon filter.

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