Current Affairs - Finance

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Exercise :: Finance - Latest Current Affairs

  • Finance - Latest Current Affairs
1. 

According to India's International Investment Position data as at end-March 2020, released by RBI, FDI in the country has raised by how much?

A. $13 billion
B. $15 billion
C. $19 billion
D. $11 billion

Answer: Option C

Explanation:

In accordance with the India's International Investment Position data as at end-March 2020, released by RBI, FDI in the country has raised by $19 billion while portfolio investment declined by $13.7 billion during 2019-20.

2. 

The Cabinet has also approved a scheme for interest subvention of how much percent for a period of 12 months to all Shishu loan accounts under Pradhan Mantri Mudra Yojana to eligible borrowers?

A. 4%
B. 3%
C. 2%
D. 1%

Answer: Option C

Explanation:

The Cabinet has also approved a scheme for interest subvention of 2% for a period of 12 months to all Shishu loan accounts under Pradhan Mantri Mudra Yojana (PMMY) to eligible borrowers w.e.f. June 01, 2020 till May 31, 2021. The estimated cost of the Scheme is approximately Rs 1,542 crore and will be implemented through the Small Industries Development Bank of India (SIDBI).

3. 

Hyundai Motor India Limited partnered with which bank to offer industry 1st online auto retail financing on its end-to-end online automotive retail platform, 'Click to Buy' to the customers?

A. HDFC Bank
B. Axis Bank
C. DCB Bank
D. Federal Bank

Answer: Option A

Explanation:

Hyundai Motor India Limited partnered with HDFC Bank to offer industry 1st online auto retail financing on its end-to-end online automotive retail platform, 'Click to Buy' to the customers.

4. 

Which Insurance Policy is basically launched to cover the hospitalisation expenses of the COVID-19 patients?

A. LIC Jeevan Saral
B. Jeevan Saral
C. JeevanAnand
D. Arogya Sanjeevani Insurance Policy

Answer: Option D

Explanation:

The Insurance Regulatory and Development Authority of India (IRDAI) has provided guidelines for the health insurance providers to implement Arogya Sanjeevani Insurance Policy. The "Arogya Sanjeevani Insurance Policy" guidelines was basically launched to cover the hospitalisation expenses of the COVID-19 patients.

5. 

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.