Current Affairs - Finance

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Exercise :: Finance - Latest Current Affairs

  • Finance - Latest Current Affairs
1. 

Government aims to gradually increase the public health expenditure to what percent of Gross Domestic Product by 2025?

A. 1.5%
B. 3.5%
C. 4.5%
D. 2.5%

Answer: Option D

Explanation:

In a meeting with the 15th Finance Commission the Union Health Minister Harsh Vardhan highlighted that the government aims to gradually increase the public health expenditure to 2.5% of Gross Domestic Product by 2025.

2. 

Who has been appointed as the 1st chairman of the International Financial Services Centre Authority for a 3 years term?

A. Injeti Srinivas
B. Sumanta Chaudhury
C. Anant Narayan Nanda
D. Arun Goel

Answer: Option A

Explanation:

Government appointed former corporate affairs secretary and IAS officer, Injeti Srinivas as the 1st chairman of the International Financial Services Centre Authority(IFSCA) for a 3 years term. IFSCA regulates all financial services in international financial services centres (IFSCs) in Gandhinagar.

3. 

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.

4. 

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).

5. 

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.