Current Affairs - Finance

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Here you can find objective type Current Affairs Finance questions and answers for interview and entrance examination. Multiple choice and true or false type questions are also provided.

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You can easily solve all kind of Current Affairs questions based on Finance by practicing the objective type exercises given below, also get shortcut methods to solve Current Affairs Finance problems.

Exercise :: Finance - Latest Current Affairs

  • Finance - Latest Current Affairs
1. 

Monetary Policy Committee (MPC) has decided to reduce the policy repo rate, what is the rate now?

A. 5.15%
B. 5.40%
C. 5.55%
D. 5.40%

Answer: Option A

Explanation:

Monetary Policy Committee has decided to reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points to 5.15 % from 5.40 %.

2. 

Which of the following banks has signed a MoU with Indian Army for customized services?

A. Indian bank
B. Bank of Baroda
C. Canara Bank
D. State Bank of India

Answer: Option B

Explanation:

Bank of Baroda has signed a MoU with the Indian Army under which the bank would offer customized services along with a host of facilities to account holders.

3. 

What is the minimum subscription amount per investor for a private placements to align it with the regulations for corporate bonds ?

A. Rs 10 lakh
B. Rs 20 lakh
C. Rs 30 lakh
D. Rs 40 lakh

Answer: Option A

Explanation:

The existing regulations (withdrawn now) allow issuance of only revenue bonds with a minimum tenure of 3 years and a maximum of 5 years, if it is a public issue. In case of private placements, the minimum subscription amount per investor currently at Rs 25 lakh has been reduced to Rs 10 lakh to align it with the regulations for corporate bonds. Any offer (private placement) or invitation made to qualified institutional buyers shall not be considered while calculating the limit of 200 persons.

4. 

Which of the following best describes the balance sheet?

A. It includes a listing of assets at their market values.
B. It includes a listing of assets, liabilities, and stockholders' equity at their market values.
C. It provides information pertaining to a company's assets and the claims against sources of financing for those assets.
D. It provides information pertaining to a company's liabilities for a period of time.

Answer: Option B

Explanation:

Balance Sheet includes a listing of assets, liabilities, and stockholders' equity at their market values.

5. 

When was the Securities and Exchange Board of India (SEBI) founded?

A. 12 April 1988
B. 30 Jan 1992
C. 26 Jan 1992
D. 30 Mar 1992

Answer: Option A

Explanation:

Securities and exchange Board of India (SEBI) was first established in the year 1988 as a non-statutory body for regulating the securities market. It became an autonomous body by The Government of India on 12 May 1992 and given statutory powers in 1992 with SEBI Act 1992 being passed by the Indian Parliament.