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Exercise :: Finance - Latest Current Affairs

  • Finance - Latest Current Affairs
1. 

How much allowances have been approved by the government for JK, Ladakh employees?
A. Rs.4,800 crores
B. Rs.3,800 crores
C. Rs.2,800 crores
D. Rs.1,800 crores

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.
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2. 

Cabinet approves hike in authorized capital of India Infrastructure Finance Company Limited (IIFCL) from Rs 6,000 crore to?
A. Rs 45,000 crore
B. Rs 35,000 crore
C. Rs 25,000 crore
D. Rs 55,000 crore

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.
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3. 

Monetary Policy Committee (MPC) has decided to reduce the policy repo rate, what is the rate now?
A. 5.15%
B. 5.40%
C. 5.55%
D. 5.40%

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 %.
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4. 

Which of the following banks has signed a MoU with Indian Army for customized services?
A. Indian bank
B. Bank of Baroda
C. Canara Bank
D. State Bank of India

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.
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5. 

What is the minimum subscription amount per investor for a private placements to align it with the regulations for corporate bonds ?
A. Rs 10 lakh
B. Rs 20 lakh
C. Rs 30 lakh
D. Rs 40 lakh

Answer: Option A

Explanation:

The existing regulations (withdrawn now) allow issuance of only revenue bonds with a minimum tenure of 3 years and a maximum of 5 years, if it is a public issue. In case of private placements, the minimum subscription amount per investor currently at Rs 25 lakh has been reduced to Rs 10 lakh to align it with the regulations for corporate bonds. Any offer (private placement) or invitation made to qualified institutional buyers shall not be considered while calculating the limit of 200 persons.
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