Call Support +91-85588-96644

Exam Categories

International Tests

View More

Defence & Para Military

Assessment-I

View More

Assessment-II

View More

Placement & IT Sector

Assessment-III

View More

Aptitude/GK/Vocational Skill Tests

View More
TCYonline

Login

Sign Up

Please enter a Username or Email ID
Please enter a password
Keep me logged in
Forgot Password?
Please enter your name
Please enter your mobile number
You can't leave Captcha Code empty
By submitting this form, you agree to the Terms & Privacy Policy.
Already Registered? Login Here
OR

Sign Up via Facebook

Sign Up via Google

Sign Up via Twitter

Download Software
Tests given

Download TCY App

App Image
Subscribe to Unlock Test Prep Material close
Choose Exam Category

Unlock All Services and Enjoy The Premium Benefits

1 Month Plan

US$ 10

Subscribe Now

Valid For 1 Month

2 Month Plan

US$ 13

Subscribe Now

Valid For 2 Months

3 Month Plan

US$ 15

Subscribe Now

Valid For 3 Months

4 Month Plan

US$ 17

Subscribe Now

Valid For 4 Months

5 Month Plan

US$ 19

Subscribe Now

Valid For 5 Months

6 Month Plan

US$ 20

Subscribe Now

Valid For 6 Months

7 Month Plan

US$ 21

Subscribe Now

Valid For 7 Months

8 Month Plan

US$ 22

Subscribe Now

Valid For 8 Months

9 Month Plan

US$ 23

Subscribe Now

Valid For 9 Months

10 Month Plan

US$ 24

Subscribe Now

Valid For 10 Months

11 Month Plan

US$ 25

Subscribe Now

Valid For 11 Months

12 Month Plan

US$ 26

Subscribe Now

Valid For 12 Months

  • Payment made in INR entitles you to use Test in INDIA only
  • Each test can be attempted only once
 
loading

General Awareness

googleplus facebook

BUSINESS AND ECONOMY - September 2015

Sep 2015

Mar 19, 2022

BBB Recommends A. Manimekhalai to MD & CEO Post at Union Bank of India

  • The Banks Board Bureau (BBB) recommended A. Manimekhalai for the position of managing director and chief executive (MD & CEO) of Union Bank of India. She is cuurenty Executive Director at Bengaluru-based Canara Bank.
  • Rajkiran Rai. G, the incumbent MD & CEO of Union Bank, will complete his term by May end. The government had extended his term beyond June 30, 2020.
  • BBB also recommended Ajay Kumar Srivastava's name as MD & CEO in Chennai-based Indian Overseas Bank and Swaroop Kumar Saha for post of MD & CEO in Delhi-based Punjab & Sindh Bank.
 

IIT Madras, RBI Innovation Hub Join Hands to Boost Fintech Start-ups

  • India's leading deep-tech start-up hub spearheaded by IIT Madras Incubation Cell (IITMIC) and RBI Innovation Hub (RBIH), a wholly owned subsidiary of Reserve Bank of India, signed a Memorandum of Understanding (MoU) to work together in developing the ecosystem necessary to support and scale fintech start-ups in India.
  • Through this strategic collaboration, the two organizations will jointly provide incubation support and nurture early-stage start-ups with innovative and disruptive solutions and accelerate their scale-up journey.

NREGA Wages See Highest Jump in Meghalaya, Nil in Kerala, Lakshadweep

  • In all, 22 States and UTs saw an increase of less than Rs 10, whereas 12 states and UTs registered a hike of over Rs. 10 this time.
  • Meghalaya registered the highest increase in MGNREGS wages — a jump of Rs. 23 from Rs. 203 in 2020-21 to Rs. 226 — for 2021-2022, while there was no increase in Kerala and Lakshadweep, according to the "state-wise wage rate for unskilled manual workers" notified by the Ministry of Rural Development.
  • Under sub-section (1) of Section 6 of the Mahatma Gandhi National Rural Employment Guarantee Act, 2005, the Centre fixes state-wise wage rates for unskilled manual workers, who work under the rural job guarantee scheme — the rates are are fixed according to changes in the CPI-AL (Consumer Price Index- Agriculture Labor) reflecting inflation in rural areas.

Mar 18, 2022

Singapore Exchange Selects TCS as Strategic Partner for NSE IFCS-SGX Connect

  • Tata Consultancy Services (TCS) announced that TCS BaNCS was selected by Singapore Exchange (SGX) to power the NSE IFSC-SGX Connect (Gift Connect), its program to connect to NSE IFSC, a fully owned subsidiary of the National Stock Exchange of India (NSE), for trade execution and clearing of Nifty products on behalf of its members in Singapore and globally.
  • To enable international access to Indian capital markets and create a larger liquidity pool of international and domestic participants, SGX has set up SGX India Connect IFSC Private Limited, a special purpose vehicle at Gujarat International Finance Tec-City (Gift City), a special economic zone in Gandhinagar, India.

Adani Adds $49 bn Wealth in 2021, Higher than Jeff Bezos, Elon Musk

  • According to the 2022 M3M Hurun Global Rich List, Gautam Adani, India's and Asia's second-richest person, added USD 49 billion to his wealth last year - more than the net addition of wealth by the top three global billionaires Elon Musk, Jeff Bezos and Bernard Arnault.
  • Mukesh Ambani, who runs the oil-to-retail conglomerate Reliance Industries, continues to be the richest Indian with a wealth of USD 103 billion, a 24 per cent rise year-on-year.
  • Adani, the head of ports-to-energy conglomerate Adani Group, is a close second with his wealth surging 153 per cent to USD 81 billion.

Reliance Capital CEO Dhananjay Tiwari Resigns

  • Reliance Capital Ltd's chief executive officer Dhananjay Tiwari resigned.
  • The debt-laden company promoted by Anil Ambani is undergoing a corporate insolvency resolution process (CIRP) at the Mumbai Bench of the National Company Law Tribunal (NCLT).
  • The Reserve Bank had in November 2021 superseded the board of Reliance Capital Ltd in view of payment defaults and serious governance issues.

Mar 17, 2022

MCL Becomes the Largest Coal Producing Company in India

  • The Mahanadi Coalfields Limited (MCL), a unit of the CIL, crossed 157 million tonne (MT) in coal production in the financial year of 2021-22, to become the leading coal producing company in the country.
  • Chairman-cum-Managing Director of the company, OP Singh congratulated all officers, staff, employees of contracted companies and other stakeholders for their contribution in making MCL the leading coal producing company in the country.
  • Surpassing all previous records, MCL despatched over 166 MT dry fuel to the consumers, registering 22 per cent growth over a previous financial year while it has also removed 195 MCuM (million cubic meters) of over burden registering 19 per cent growth over the last financial year.

BBB Recommends A. Manimekhalai to MD & CEO Post at Union Bank of India

  • The Banks Board Bureau (BBB) recommended A. Manimekhalai for the position of managing director and chief executive (MD & CEO) of Union Bank of India. She is cuurenty Executive Director at Bengaluru-based Canara Bank.
  • Rajkiran Rai. G, the incumbent MD & CEO of Union Bank, will complete his term by May end. The government had extended his term beyond June 30, 2020.
  • BBB also recommended Ajay Kumar Srivastava's name as MD & CEO in Chennai-based Indian Overseas Bank and Swaroop Kumar Saha for post of MD & CEO in Delhi-based Punjab & Sindh Bank.

DBS Bank India Launches Green Deposits Programme

  • In line with its focus on responsible banking, DBS Bank India announced the launch of its Green Deposit Programme for corporate clients providing a simple way for companies to support environmentally-friendly projects or avenues.
  • DBS Bank is one of the few banks globally to integrate Sustainable Development Goals by offering lending & trade credit solutions to sustainable and environmentally-friendly green sectors and now offering a Green Deposit product.
  • The Green Deposits proposition combines all the benefits of a regular fixed deposit with a commitment from DBS to support green and sustainable loans disbursed by the bank. Green Deposits serve as an ideal opportunity for corporates looking to include sustainability agenda into their treasury activities or those having limited options for investing in environmentally-beneficial projects.

Highest Number of Frauds at Kotak Mahindra Bank in 2021, followed by ICICI Bank

  • As per Govt. data, Kotak Mahindra Bank was hit by the highest number of frauds at 642, involving Rs. 1 lakh and above, in the first nine months of 2021-22, followed by ICICI Bank and IndusInd Bank at 518 and 377, respectively.
  • Directions issued by the Reserve Bank of India to banks, and the government instituted wide-ranging structural and procedural reforms have helped check frauds in banks over the last five years and the amount involved has come down sharply.

Softbank Representative Munish Varma Resigns from Paytm, PB Fintech Boards

  • Softbank managing partner Munish Ravinder Varma has resigned from the board of the digital financial services company One97 Communications, which operates under the Paytm brand, and PB Fintech.
  • Softbank Vision Funds India Holdings (Cayman) holds a 17.47 per cent stake in Paytm.
  • PB Fintech owns brands like Policy Bazaar, Paisa Bazaar.

Mar 16, 2022

LivQuik, First to Achieve RBI's PPI Interoperability Guidelines

  • Prepaid Payment Instrument (PPI) issuer LivQuik achieved full Interoperability as mandated by the Reserve Bank of India for their Prepaid payments Instruments.
  • The company is also the first PPI issuer to have achieved full interoperability.
  • RBI guidelines mandate PPI Issuers to facilitate interoperability for full-KYC wallets by March 31, 2022.

Myanmar to Initiate Rupee Convertibility for Trade along Indian Border

  • The Myanmar government intends to initiate the currency convertibility for the Indian rupee for trade along the border it shares with India, following the Southeast Asian country's agreement this month to deal in Thai baht with neighbours and the kyat-baht initiative for border trade with China.
  • The Myanmar government has agreed to accept the Thai baht as an official currency for settling border trade starting this month. Thailand is the second country after China to permit its national currency to be exchangeable with the Myanmar kyat for border trade activities.
  • Myanmar and China commenced kyat-renminbi settlement for border trades in January 2022.
 

Flipkart Health+ Names Prashant Jhaveri as CEO

  • Flipkart Health+ appointed Prashant Jhaveri as its chief executive officer (CEO) to lead Flipkart's foray in the fast-growing healthcare sector in India.
  • Prior to joining Flipkart Health+ Jhaveri was the chief business officer at Apollo Health and Lifestyle Limited, where he was responsible for growth, partnerships and creating cross-functional synergies across different consumer-facing businesses and touchpoints. He also served as the chief executive officer of MediBuddy, and chief business officer for the Medi Assist Group in his earlier stints.
  • Jhaveri has over 17 years of experience in the health, health insurance and other allied healthcare sectors.

Bajaj Allianz General Insurance's MD & CEO, Tapan Singhel Gets 5-Year Extension

  • Bajaj Allianz General Insurance announced a five-year tenure extension of its managing director and CEO Tapan Singhel.
  • The new term will be effective from April 1, 2022.
  • Under Singhel's leadership, the company has emerged as one of the largest and most profitable private general insurers in the country ensuring growth, profitability and customer-centricity.

ICICI Bank Launches Co-branded Credit Cards with Emirates Skywards

  • ICICI Bank launched 'Emirates Skywards ICICI Bank Credit Card' in partnership with Emirates Skywards, the loyalty programme of Emirates and flydubai. The bouquet of cards allows the customers to earn reward points – called Skywards Miles – on travel, lifestyle and everyday spends.
  • These cards offer best-in-class rewards and benefits and are a perfect fit for affluent customers who regularly travel abroad.
  • ICICI Bank is the first Indian lender to partner with Emirates Skywards to offer the exclusive range of credit cards in the country.
  • Powered with Visa, the co-branded credit cards are available in three variants – 'Emirates Skywards ICICI Bank Emerald Credit Card', 'Emirates Skywards ICICI Bank Sapphiro Credit Card' and 'Emirates Skywards ICICI Bank Rubyx Credit Card'.

Mar 15, 2022

HAL Signs Pact with SASMOS to Work Together in Aerospace Domain

  • Hindustan Aeronautics Limited (HAL) signed an MoU with Bengaluru-based company SASMOS to work together on advanced electronics, electrical and fibre optic interconnections in the aerospace domain.
  • HAL's subsidiary Naini Aerospace Limited (NAeL) was also a signatory to the MoU.
  • The MoU is intended to explore business cooperation, especially in the northern India, through utilization of capacity and capabilities of NAeL to bring their expertise in fibre optics, electronics and electrical interconnected system in the aerospace domain through the support from HAL and SASMOS.
  • Under the MoU, HAL and SASMOS will "work together in the field of advanced electronics, electrical and fibre optics interconnections in the aerospace domain.

N. Chandrasekaran, Tata Sons Chief, is Chairman of Air India

  • N. Chandrasekaran, chairman of Tata Sons, was appointed as the chairman of Air India by the airline's board.
  • Salt-to-software conglomerate Tata Group had in October 2021 won the bid to acquire debt-laden state-run Air India by offering Rs. 18,000 crore for it.
  • Tata Sons is yet to appoint the chief executive officer and managing director (CEO&MD) of Air India.
  • Chandrasekaran's appointment as the chairman of the airline was cleared by its board last week.

Paytm Payments Bank Can't Onboard New Customers

  • RBI banned Paytm Payments Bank from onboarding new customers with immediate effect, citing 'material supervisory concerns' observed at the bank. It has also directed the payments bank arm to appoint an external firm to conduct a comprehensive IT audit. RBI indicated it will make a call on allowing the onboarding of customers by Paytm Payments Bank only after reviewing the IT audit report.
  • According to the RBI, the action followed material supervisory issues at the payments bank.
  • The latest bar on the Paytm Payments Bank will not have any impact on the existing Paytm users. They will be able to do their app-related transactions as usual.
  • However, the latest RBI action comes at a time when Paytm was eyeing to upgrade its payments bank to a small finance bank licence, after completing five years of operation in May this year.

BoB, BNP Paribas Announce MF JV with Suresh Soni as CEO

  • Bank of Baroda and BNP Paribas announced a joint venture to form 'Baroda BNP Paribas Mutual Fund'.
  • Bank of Baroda will have a 50.1 per cent stake in the asset management company (AMC), while BNP Paribas Asset Management will hold the remaining 49.9 per cent stake.
  • Suresh Soni was appointed the CEO of the merged entity.
  • The new entity will leverage on the strengths that each partner has developed, to offer products specifically designed for retail and institutional clients in India.
  • In 2019, Bank of Baroda had announced the merger of Baroda Asset Management India with BNP Paribas Asset Management India and there was no cash consideration in the proposed transaction.
Share on
Keep Yourself updated on Latest PTE Exam Pattern

Avail Free Topic-wise Tests and various other offers.

Later Allow