Weekly Business Quiz # 562

India

Q1. Which Bank’s Chairman has said that they will protect their people balance sheet rather than their finance balance sheet because they have lost employees to COVID ? The bank lost 17 employees between March 2020 to March 2021 and lost a similar number in just 1 month of April.

Ans. Kotak Mahindra Bank

Q2. The advertising agency Rediffusion will cease to exist and will become part of the acquiring company. Who has acquired Rediffusion ?

Ans. Mogae Media

Q3. Rahul Bajaj after a long stint as the Chairman of Bajaj Auto has stepped down. His position has been taken by Niraj Bajaj. Niraj Bajaj besides being a businessman had been a champion sportsperson. In which sport was he a National Champion ?

Ans. Table Tennis

Q4. As per the new SEBI guidelines to promote the concept of ‘skin in the game’ what % of a mutual fund employee’s compensation has to be made in the form of units of the fund with a lock-in of 3 years ?

Ans. 20 %

Q5. For what special purpose have the courts allowed the opening of the Sterlite Copper Plant in Tuticorin for a limited period ?

Ans. Oxygen for medical purposes

Q6. RBI has issued new guidelines for CEO tenures in banks. What is the maximum tenure for a bank CEO , after which he/she has to having a cooling off period of 3 years after which the person is eligible to become a CEO again ?

Ans. 15 years maximum

Global

Q7. Identify this world’s youngest crypto-billionaire

Ans. Vitalik Buterin

Compiled by G.Mohan

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