Current Affairs - Finance

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Exercise : Finance - Latest Current Affairs
  • Finance - Latest Current Affairs
1.
Which company launched the Nifty India Tourism Index Fund?
HDFC
SBI
Tata
ICICI
Answer: Option
Explanation:
Tata Asset Management has introduced India's first tourism index fund, which tracks the Nifty Tourism Index comprising prominent companies from the Nifty 500. This innovative fund aims to capitalize on the growth potential of India's burgeoning tourism sector, expected to reach $406 billion by 2030. Targeting high-growth firms in travel, tourism, and hospitality, Tata's initiative seeks to provide investors with opportunities aligned with the expanding infrastructure and technological advancements in the tourism industry.

2.
Which organization secured a 5-year green loan amounting to 31.96 billion Japanese yen?
SBI
NTPC
IRFC
REC
Answer: Option
Explanation:
REC Limited, a major lender in the power sector, secured a 5-year green loan of 31.96 billion Japanese yen (approximately $200 million) through Deutsche Bank’s Gift City branch. This funding is dedicated to financing environmentally sustainable projects across India. The initiative is part of REC's commitment to advancing green energy finance and sustainable development, aligning with global efforts for environmental responsibility.

3.
Which country received a $2.5 million line of credit from India for a solar plant?
Bangladesh
Sri Lanka
Maldives
Guyana
Answer: Option
Explanation:
India provided a $2.5 million line of credit to Guyana for the installation of a solar photovoltaic power plant at Cheddi Jagan International Airport. The agreement, facilitated by the Export-Import Bank of India, stipulates that at least 75% of the project's contract value will be sourced from Indian suppliers. This initiative underscores India's commitment to promoting renewable energy infrastructure in partner countries, enhancing energy security, and fostering bilateral relations through strategic investments in sustainable development projects.

4.
With whom did Aadhar Housing Finance Limited (AHFL) partner to expand housing loans for low-income women in India?
World Bank
International Monetary Fund
Asian Development Bank
International Finance Corporation
Answer: Option
Explanation:
The Asian Development Bank (ADB) partnered with Aadhar Housing Finance Limited (AHFL) through a $60 million financing agreement aimed at providing housing loans to low-income women in India. This initiative addresses the financing gap in affordable housing and promotes financial inclusion, particularly in states like Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Odisha, Rajasthan, Uttar Pradesh, and West Bengal. ADB's support underscores its commitment to inclusive and sustainable development across Asia and the Pacific region, focusing on critical sectors such as housing and infrastructure.

5.
Which financial institution increased its stake in IDFC First Bank to 2.68%?
HDFC Bank
Life Insurance Corporation of India
HDFC Life Insurance
Aditya Birla Life Insurance
Answer: Option
Explanation:
Life Insurance Corporation of India (LIC) raised its stake in IDFC First Bank to 2.68% by acquiring additional shares through a private placement offer. This move underscores LIC's strategy to strengthen its investment portfolio in the banking sector, enhancing its position as a major shareholder in IDFC First Bank.