Current Affairs - Finance
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Exercise : Finance - Latest Current Affairs
- Finance - Latest Current Affairs
1.
Which fintech company launched India’s first RBI repo rate–linked savings account with UPI-first banking features?
Answer: Option
Explanation:
Slice introduced India’s first savings account directly linked to the RBI repo rate, marking a significant innovation in digital banking. The account calculates interest on a daily basis and credits it in line with real market rates, ensuring transparency and fairness for customers. With features such as instant UPI access, no minimum balance requirement, and immediate liquidity, the solution is designed for convenience and efficiency. Powered by a cost-efficient digital model, Slice’s offering aligns consumer profitability with equitable banking practices, setting a new benchmark for modern, UPI-first financial products in India.
Date : 2026-01-30
2.
Which fintech company became India’s first unicorn of the year 2026 after securing a Series D follow-on investment at a $1.2 billion valuation?
Answer: Option
Explanation:
Juspay achieved unicorn status in 2026 after raising $50 million in a Series D follow-on round led by WestBridge Capital, reaching a valuation of $1.2 billion. This milestone made it the first company in India to enter the unicorn club that year and the 127th unicorn overall in the country. The company specializes in enterprise payment solutions such as UPI, payment orchestration, and infrastructure, processing nearly 300 million transactions daily with an annual total payment value of about $1 trillion. The funding also supported global expansion and provided liquidity to early investors and ESOP holders.
Date : 2026-01-30
3.
Which international financial institution approved ₹5,700 crore in technical and financial assistance for the Jal Sanrakshit Haryana Project?
Answer: Option
Explanation:
The World Bank has approved substantial technical and financial assistance amounting to ₹5,700 crore to support the Jal Sanrakshit Haryana Project. This initiative is aimed at achieving water self-reliance through large-scale restoration and modernisation of canal infrastructure across the state. The funding will be released in phases between 2026 and 2032 and will contribute to upgrading hundreds of canals. Along with support from state funds and NABARD, the World Bank’s involvement highlights its role in strengthening water resource management, improving irrigation efficiency, and promoting sustainable agricultural and water practices in the region.
Date : 2026-01-29
4.
Which fintech company’s POS arm received RBI approval to operate as an Offline Payment Aggregator (PA-P) in India?
Answer: Option
Explanation:
Razorpay has achieved an important regulatory milestone with its POS division receiving approval from the Reserve Bank of India to function as an Offline Payment Aggregator. This authorisation allows the company to facilitate in-store digital transactions, onboard offline merchants, and manage settlement processes in compliance with RBI norms. With this approval, the company now holds licences for online, cross-border, and offline payment aggregation, giving it a comprehensive presence across the digital payments value chain. The move strengthens its ability to support retailers, SMEs, and service providers as India rapidly adopts cashless and contactless payment solutions.
Date : 2026-01-24
5.
What was the total value of India’s electronics exports recorded in FY2025?
Answer: Option
Explanation:
India recorded a historic milestone in FY2025 by achieving electronics exports worth $47 Billion, reflecting the rapid expansion of its manufacturing ecosystem. A major contributor to this growth was smartphone manufacturing under the Production Linked Incentive (PLI) scheme, which alone accounted for nearly $30 billion in exports. Electronics emerged as India’s third-largest export category, highlighting the success of initiatives such as Make in India. Since 2014–15, electronics exports have grown eleven-fold, generating around 25 lakh jobs, with significant participation from women and MSMEs, and boosting domestic production nearly six times.
Date : 2026-01-21
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