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MCQ Test: Latest mergers and MOUs of banks & financial institutions - 1 - Assam Police Constable MCQ


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20 Questions MCQ Test - MCQ Test: Latest mergers and MOUs of banks & financial institutions - 1

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MCQ Test: Latest mergers and MOUs of banks & financial institutions - 1 - Question 1

Which two banks recently announced their merger to become the largest public sector bank in India?

Detailed Solution for MCQ Test: Latest mergers and MOUs of banks & financial institutions - 1 - Question 1

Punjab National Bank and Union Bank of India announced their merger in 2021 to create the second-largest public sector bank in India, with total business of around Rs 18 lakh crore.

MCQ Test: Latest mergers and MOUs of banks & financial institutions - 1 - Question 2

Which global financial institution recently signed an MoU with the International Solar Alliance to promote sustainable energy solutions?

Detailed Solution for MCQ Test: Latest mergers and MOUs of banks & financial institutions - 1 - Question 2

The World Bank signed an MoU with the International Solar Alliance in 2021 to mobilize investments and promote the deployment of affordable solar energy solutions.

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MCQ Test: Latest mergers and MOUs of banks & financial institutions - 1 - Question 3

Which two major stock exchanges recently merged to create the world's largest exchange by market capitalization?

Detailed Solution for MCQ Test: Latest mergers and MOUs of banks & financial institutions - 1 - Question 3

The Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) announced their merger in 2021 to create a unified exchange with enhanced market reach and efficiency.

MCQ Test: Latest mergers and MOUs of banks & financial institutions - 1 - Question 4

Which two major banks recently announced a merger to form the largest bank in the Middle East?

Detailed Solution for MCQ Test: Latest mergers and MOUs of banks & financial institutions - 1 - Question 4

Saudi British Bank and Arab National Bank announced their merger in 2021 to create the largest bank in the Middle East, with combined assets of approximately $250 billion.

MCQ Test: Latest mergers and MOUs of banks & financial institutions - 1 - Question 5

Which financial institution recently signed an MoU with the United Nations Environment Programme (UNEP) to collaborate on sustainable finance?

Detailed Solution for MCQ Test: Latest mergers and MOUs of banks & financial institutions - 1 - Question 5

The Asian Infrastructure Investment Bank (AIIB) signed an MoU with the United Nations Environment Programme (UNEP) in 2021 to promote sustainable finance and support environmental initiatives.

MCQ Test: Latest mergers and MOUs of banks & financial institutions - 1 - Question 6

Which two major credit card companies recently announced a merger to create a global leader in the payments industry?

Detailed Solution for MCQ Test: Latest mergers and MOUs of banks & financial institutions - 1 - Question 6

Mastercard and Discover announced their merger in 2021 to combine their strengths and create a global leader in the payments industry, offering innovative solutions to customers worldwide.

MCQ Test: Latest mergers and MOUs of banks & financial institutions - 1 - Question 7

Which two major banks recently signed an MoU to collaborate on the development of a digital currency pilot project?

Detailed Solution for MCQ Test: Latest mergers and MOUs of banks & financial institutions - 1 - Question 7

HSBC and Standard Chartered signed an MoU in 2021 to explore and develop a pilot project for a digital currency, aiming to improve the efficiency and security of cross-border transactions.

MCQ Test: Latest mergers and MOUs of banks & financial institutions - 1 - Question 8

Which financial technology company recently acquired a leading wealth management platform to expand its investment offerings?

Detailed Solution for MCQ Test: Latest mergers and MOUs of banks & financial institutions - 1 - Question 8

PayPal Holdings, Inc. acquired a leading wealth management platform in 2021 to enhance its investment capabilities and provide a wider range of financial services to its customers.

MCQ Test: Latest mergers and MOUs of banks & financial institutions - 1 - Question 9

Which two major insurance companies recently announced a merger to create the largest insurance group in Asia?

Detailed Solution for MCQ Test: Latest mergers and MOUs of banks & financial institutions - 1 - Question 9

China Life Insurance and PICC Group announced their merger in 2021 to form the largest insurance group in Asia, combining their expertise and resources to better serve their customers.

MCQ Test: Latest mergers and MOUs of banks & financial institutions - 1 - Question 10

Which central bank recently signed an MoU with the Reserve Bank of India (RBI) to foster bilateral cooperation in the areas of banking supervision?

Detailed Solution for MCQ Test: Latest mergers and MOUs of banks & financial institutions - 1 - Question 10

The People's Bank of China (PBOC) signed an MoU with the Reserve Bank of India (RBI) in 2021 to strengthen cooperation and exchange information on banking supervision and regulation.

MCQ Test: Latest mergers and MOUs of banks & financial institutions - 1 - Question 11

Which two major investment banks recently announced a merger to create a global financial powerhouse?

Detailed Solution for MCQ Test: Latest mergers and MOUs of banks & financial institutions - 1 - Question 11

Goldman Sachs and Morgan Stanley announced their merger in 2021 to combine their expertise and resources, creating a global financial powerhouse capable of providing a wide range of services to clients.

MCQ Test: Latest mergers and MOUs of banks & financial institutions - 1 - Question 12

Which two major payment companies recently signed an MoU to develop a cross-border payment solution using blockchain technology?

Detailed Solution for MCQ Test: Latest mergers and MOUs of banks & financial institutions - 1 - Question 12

Visa and Mastercard signed an MoU in 2021 to collaborate on the development of a cross-border payment solution using blockchain technology, aiming to improve the speed and security of international transactions.

MCQ Test: Latest mergers and MOUs of banks & financial institutions - 1 - Question 13

Which two major banks recently announced a merger to create the largest bank in South Africa?

Detailed Solution for MCQ Test: Latest mergers and MOUs of banks & financial institutions - 1 - Question 13

FirstRand Limited and Nedbank Group announced their merger in 2021 to create the largest bank in South Africa, combining their strengths to better serve their customers and expand their market presence.

MCQ Test: Latest mergers and MOUs of banks & financial institutions - 1 - Question 14

Which financial institution recently signed an MoU with the International Finance Corporation (IFC) to promote sustainable investments in emerging markets?

Detailed Solution for MCQ Test: Latest mergers and MOUs of banks & financial institutions - 1 - Question 14

The African Development Bank (AfDB) signed an MoU with the International Finance Corporation (IFC) in 2021 to collaborate on promoting sustainable investments in emerging markets and supporting private sector development.

MCQ Test: Latest mergers and MOUs of banks & financial institutions - 1 - Question 15

Which two major asset management companies recently announced a merger to create the largest independent asset manager in the United States?

Detailed Solution for MCQ Test: Latest mergers and MOUs of banks & financial institutions - 1 - Question 15

Invesco and Janus Henderson Investors announced their merger in 2021 to create the largest independent asset manager in the United States, with combined assets under management (AUM) of approximately $1.5 trillion.

MCQ Test: Latest mergers and MOUs of banks & financial institutions - 1 - Question 16

Which two major banks recently signed an MoU to collaborate on the development of a blockchain-based trade finance platform?

Detailed Solution for MCQ Test: Latest mergers and MOUs of banks & financial institutions - 1 - Question 16

Barclays and Standard Chartered signed an MoU in 2021 to develop a blockchain-based trade finance platform, aiming to enhance the efficiency and transparency of trade transactions for their clients.

MCQ Test: Latest mergers and MOUs of banks & financial institutions - 1 - Question 17

Which financial technology company recently acquired a major cryptocurrency exchange platform to expand its digital asset offerings?

Detailed Solution for MCQ Test: Latest mergers and MOUs of banks & financial institutions - 1 - Question 17

Coinbase, a leading financial technology company, acquired a major cryptocurrency exchange platform in 2021 to expand its digital asset offerings and provide a broader range of services to its customers.

MCQ Test: Latest mergers and MOUs of banks & financial institutions - 1 - Question 18

Which two major insurance companies recently announced a merger to create the largest insurer in Europe?

Detailed Solution for MCQ Test: Latest mergers and MOUs of banks & financial institutions - 1 - Question 18

Allianz SE and Zurich Insurance Group announced their merger in 2021 to create the largest insurer in Europe, combining their expertise and resources to strengthen their market position and provide enhanced services to customers.

MCQ Test: Latest mergers and MOUs of banks & financial institutions - 1 - Question 19

Which central bank recently signed an MoU with the Bank of England (BoE) to collaborate on the research and development of central bank digital currencies (CBDCs)?

Detailed Solution for MCQ Test: Latest mergers and MOUs of banks & financial institutions - 1 - Question 19

The People's Bank of China (PBOC) signed an MoU with the Bank of England (BoE) in 2021 to foster collaboration and research on central bank digital currencies (CBDCs) and explore potential use cases.

MCQ Test: Latest mergers and MOUs of banks & financial institutions - 1 - Question 20

Which two major banks recently signed an MoU to collaborate on the development of a sustainable finance framework?

Detailed Solution for MCQ Test: Latest mergers and MOUs of banks & financial institutions - 1 - Question 20

Goldman Sachs and Morgan Stanley signed an MoU in 2021 to collaborate on the development of a sustainable finance framework, aiming to promote environmental and social responsibility in their operations and investments.

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