Current Affairs - Finance
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Exercise : Finance - Latest Current Affairs
- Finance - Latest Current Affairs
1.
Which company partnered with ESAF Small Finance Bank for tailored vehicle financing solutions?
Answer: Option
Explanation:
Ashok Leyland has entered into a partnership with ESAF Small Finance Bank to provide customized vehicle financing solutions. This collaboration aims to offer flexible loan options with tailored monthly repayment plans, making vehicle ownership more accessible for customers. ESAF Bank will also provide a range of comprehensive financial services to Ashok Leyland’s customers, strengthening the partnership's value proposition and enhancing customer convenience.
Date : 2025-01-22
2.
What is the export target set by India for the Food & Beverage, agriculture, and marine sectors within five years?
Answer: Option
Explanation:
India has set an ambitious export target of $100 billion for the Food & Beverage (F&B), agriculture, and marine sectors over the next five years. Union Minister Piyush Goyal announced this during Indusfood 2025, emphasizing the need for 14-15% annual growth to meet this goal. The success of Indusfood 2025 and the initiatives by APEDA and MPEDA have been instrumental in achieving last year’s $50 billion in exports, highlighting India’s strong position in global trade. This target also reflects India’s focus on leveraging its agricultural and marine strengths for economic growth.
Date : 2025-01-12
3.
Which insurance company launched the Sustainable Wealth 50 Index Fund?
Answer: Option
Explanation:
Axis Max Life Insurance launched the Sustainable Wealth 50 Index Fund, which focuses on companies with consistent cash flow generation. The fund is built on the proprietary Sustainable Yield Index, collaboratively developed by Axis Max Life and NSE Indices Limited. This initiative underscores Axis Max Life's innovative approach to sustainable investing. Headquartered in New Delhi, Axis Max Life is recognized as the largest non-bank private-sector life insurer in India.
Date : 2025-01-04
4.
Which organization signed two crucial loans with the Government of India to support infrastructure and sustainable growth?
Answer: Option
Explanation:
The Asian Development Bank (ADB) signed two key loans with the Government of India, totalling USD 850 million. The first loan of USD 500 million will support green and sustainable infrastructure through the India Infrastructure Finance Company Limited (IIFCL), addressing areas like urban projects, education, and healthcare. The second loan of USD 350 million under the SMILE program focuses on enhancing India's manufacturing sector and logistics efficiency, promoting economic growth, and fostering gender inclusion. These initiatives align with India's climate commitments and economic development goals.
Date : 2025-01-01
5.
Which company recently launched Dual Rate Home Loans with a fixed interest rate for the first three years?
Answer: Option
Explanation:
Bajaj Housing Finance has introduced Dual Rate Home Loans and Loans Against Property, featuring a fixed interest rate for the initial three years. This structure ensures predictable EMIs for borrowers during the initial period. After three years, the loans switch to a floating interest rate tied to BHFL’s Floating Rate Reference (FRR), offering market-linked benefits. This innovative product aims to provide stability and flexibility, making it easier for individuals to manage homeownership or property investments effectively.
Date : 2024-12-23
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