Exercise :: Finance - Latest Current Affairs
- Finance - Latest Current Affairs
| 1. | Which Insurance Policy is basically launched to cover the hospitalisation expenses of the COVID-19 patients? |
|||||||
Answer: Option D Explanation: The Insurance Regulatory and Development Authority of India (IRDAI) has provided guidelines for the health insurance providers to implement Arogya Sanjeevani Insurance Policy. The "Arogya Sanjeevani Insurance Policy" guidelines was basically launched to cover the hospitalisation expenses of the COVID-19 patients.
|
| 2. | How much allowances have been approved by the government for JK, Ladakh employees? |
|||||||
Answer: Option A Explanation: The Centre approved allowances worth Rs.4,800 crore for 4.5 lakh of its employees in Jammu & Kashmir and Ladakh under the 7th Pay Commission. The announcement was made by the Minister of State for Home G Kishan Reddy. Since J&K and Ladakh are UTs now, all the 7th Central Pay Commission (CPC) pay and allowances will be given to all the government employees working in these UTs.
|
| 3. | Cabinet approves hike in authorized capital of India Infrastructure Finance Company Limited (IIFCL) from Rs 6,000 crore to? |
|||||||
Answer: Option C Explanation: The cabinet has also approved increasing the authorised capital of India Infrastructure Finance Company Ltd (IIFCL) from Rs 6,000 crore to Rs 25,000 crore. The Union Cabinet on December 11 approved infusing additional Rs 5,300 crore capital into IIFCL through recapitalisation bonds in the current fiscal year.
|
| 4. | Monetary Policy Committee (MPC) has decided to reduce the policy repo rate, what is the rate now? |
|||||||
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 %.
|
| 5. | Which of the following banks has signed a MoU with Indian Army for customized services? |
|||||||
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.
|