Current Affairs - Economy

Exercise : Economy - Latest Current Affairs
  • Economy - Latest Current Affairs
101.
How much amount is the International Finance Corporation set to invest in IIFL Home Finance Limited?
Up to $50 million
Up to $100 million
Up to $200 million
Up to $500 million
Answer: Option
Explanation:
International Finance Corporation, a member of the World Bank Group is set to invest up to $100 million in IIFL Home Finance Limited, in a move aimed at increasing access to housing finance for economically weaker sections (EWS).

102.
What is the amount of approved budget for the North East Special Infrastructure Development Scheme for the period 2022-2023 to 2025-2026?
Rs. 8139.50 crore
Rs. 18139.50 crore
Rs. 13,000 crore
Rs. 2300 crore
Answer: Option
Explanation:
The Ministry of Development of the North Eastern Region announced the continuation of the North East Special Infrastructure Development Scheme (NESIDS) with an approved budget of Rs. 8139.50 crore for the period 2022-2023 to 2025-2026.

103.
What is the name of the Indian government's invoice incentive scheme for enhancing transparency in financial transactions?
Swachh Bill Abhiyan
Bill in India Scheme
Mera Bill Mera Adhikar
Sabka Saath Sabka Bill
Answer: Option
Explanation:
In a significant move towards enhancing transparency in financial transactions and empowering consumers, the Indian government is set to launch the ‘Mera Bill Mera Adhikar‘ invoice incentive scheme.

104.
What is the name of the platform launched by Cashfree Payments and API banking solutions introduced to help businesses optimize?
Customer Payments
Vendor Payments
Supplier Payments
Payment Efficiency
Answer: Option
Explanation:
Cashfree Payments, India’s leading provider of payments and API banking solutions, introduced ‘Vendor Payments,’ a comprehensive platform that enables businesses to optimize and manage their purchase-to-pay cycle, increasing efficiency and lowering processing time.

105.
What is the deficit amount of India's banking system liquidity as of August 2023?
236 billion rupees
100 billion rupees
500 billion rupees
1 trillion rupees
Answer: Option
Explanation:
Banking system liquidity stood at a deficit of 236 billion rupees ($2.84 billion) as of Aug. 21, according to RBI data. India's banking system liquidity has slipped into deficit for the first time in this financial year.