Current Affairs - Finance

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Exercise : Finance - Latest Current Affairs
  • Finance - Latest Current Affairs
1.
Which organization launched the insurance product 'Amritbaal'?
ICICI Prudential
SBI Life
HDFC Life
LIC
Answer: Option
Explanation:
The Life Insurance Corporation of India (LIC) introduced 'Amritbaal', a Non-Linked, Non-Participating, Individual, Savings, Life Insurance plan. This product, tailored for children, aims to address their financial needs, particularly for education and other significant expenses, marking LIC's commitment to offering comprehensive financial solutions for diverse demographics.

2.
Which company has been recognized as India's most valuable unlisted firm according to the Burgundy Private Hurun India 500 list?
Parle Products
Serum Institute Of India
Railtel Ltd
Divi’s Laboratories
Answer: Option
Explanation:
Serum Institute Of India (SII) led by Adar Poonawalla, has been named India's most valuable unlisted firm with a valuation of Rs 1.92 lakh crore according to the Burgundy Private Hurun India 500 list. This reflects SII's significant role in healthcare and its economic impact.

3.
Which company has partnered with NPCI to introduce the 'Credit Lines on UPI' feature for merchants?
Razorpay
PayU
PhonePe
Google Pay
Answer: Option
Explanation:
PayU, a fintech giant, has collaborated with NPCI to introduce the innovative 'Credit Lines on UPI' feature for merchants. This integration within the PayU application enhances digital payment acceptance by providing pre-sanctioned credit lines, offering financial flexibility to merchants and consumers alike.

4.
Which company is exploring transitioning its payments service into a third-party payment app (TPAP) to ensure uninterrupted access to the Unified Payments Interface (UPI) for its customers?
One97 Communications
Google
Facebook
Microsoft
Answer: Option
Explanation:
One97 Communications, the parent company of Paytm, is exploring transitioning its payments service into a third-party payment app (TPAP) to ensure uninterrupted access to the Unified Payments Interface (UPI) for its customers.

5.
Which countries are set to introduce India's Unified Payments Interface (UPI) and RuPay card services on February 12?
Bangladesh and Nepal
Sri Lanka and Mauritius
Nepal and Mauritius
Sri Lanka and Bangladesh
Answer: Option
Explanation:
Sri Lanka and Mauritius are poised to introduce India's UPI and RuPay card services on February 12, underlining efforts to bolster digital financial integration. This initiative aims to facilitate seamless digital transactions for Indian nationals in these countries and Mauritian nationals visiting India, emphasizing cross-border financial connectivity.