Current Affairs - Business

Exercise :: Business - Latest Current Affairs

  • Business - Latest Current Affairs
26. 

The central government extended Rs.50 lakh insurance scheme for healthcare workers for one year. Which company will implement the scheme?

A. New India Assurance Company Limited
B. United India Insurance Company Limited
C. Oriental Insurance Company Limited
D. National Insurance Company Limited

Answer: Option A

Explanation:

After an unprecedented spike in covid-19 positive cases, the Centre extended the Rs 50 lakh insurance scheme for about 22 lakh healthcare providers for another year with immediate effect. The scheme implemented by New India Assurance was slated to end

27. 

Aceware FinTech Services, a fintech services company launched its first neobank in which state?

A. Assam
B. TamilNadu
C. Kerala
D. Karnataka

Answer: Option C

Explanation:

Aceware FinTech Services, a fintech services company based out of Kerala has launched the state's first neobank, Ace Money Neobank in partnership with the Yes Bank and ICICI Bank.

28. 

The Shivalik Small Finance Bank Limited has received the license under which Section of the RBI Act to begin operating as SFB?

A. Section 22 (1)
B. Section 20 (1)
C. Section 21 (1)
D. Section 25 (1)

Answer: Option A

Explanation:

The Shivalik Small Finance Bank Limited has received the licence from RBI under Section 22 (1) of the Banking Regulation Act, 1949 to carry on the business of small finance bank in India.

29. 

Who has been appointed as the managing director of Sundaram Finance Ltd?

A. Rajiv Lochan
B. Girish Kumar
C. Poonam Yadav
D. Preeti Paul

Answer: Option A

Explanation:

The board of Sundaram Finance has named Rajiv Lochan as the managing director with effect from April 1.

30. 

Who has signed an agreement with the JPCL to takeover the Rangit - IV Hydroelectric Project in Sikkim?

A. GHPC
B. NTPC
C. NHPC
D. MHPC

Answer: Option C

Explanation:

The National Hydropower Corporation (NHPC) has signed a definitive agreement with Jalpower Corporation Ltd (JPCL) for taking over the 120 MW Rangit - IV Hydro Electric Project in Sikkim.