Current Affairs - Finance

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Exercise : Finance - Latest Current Affairs
  • Finance - Latest Current Affairs
1.
Which regulatory body has proposed major reforms to India’s mutual fund fee structure to enhance transparency and investor protection?
RBI
SEBI
IRDAI
PFRDA
Answer: Option
Explanation:
The Securities and Exchange Board of India (SEBI) has proposed an overhaul of the mutual fund fee framework to promote transparency, fairness, and investor protection. The consultation paper suggests that taxes and government levies such as STT, GST, and stamp duty be excluded from the Total Expense Ratio (TER) and charged separately to investors. It also proposes removing the additional 5 basis points expense for Asset Management Companies (AMCs) on Assets Under Management (AUM). These reforms aim to simplify cost structures, improve investor clarity, and ensure better governance in India’s mutual fund industry.

2.
Which country launched the world’s first yen-pegged stablecoin, JPYC, marking a major milestone in digital finance?
Japan
South Korea
China
Singapore
Answer: Option
Explanation:
Japan has introduced the world’s first yen-pegged stablecoin, JPYC, on October 27, 2025, through Tokyo-based startup JPYC Inc. Fully backed by Japanese yen and government bonds, the stablecoin aims to enhance digital payments and global financial interoperability while maintaining a 1:1 value with the yen. This move positions Japan as a pioneer in digital currency innovation, breaking the dominance of U.S. dollar-backed stablecoins. By promoting low-cost, fast, and secure transactions, Japan’s initiative reflects its broader goal of integrating fintech advancements with monetary stability and economic modernization in the Asia-Pacific region.

3.
What percentage of Provident Fund (PF) balance can subscribers now withdraw under the new EPFO reforms approved by Union Labour Minister Mansukh Mandaviya?
100%
75%
60%
50%
Answer: Option
Explanation:
The Employees’ Provident Fund Organisation (EPFO) has implemented a landmark reform allowing subscribers to withdraw 100% of their Provident Fund (PF) balance. This decision, approved under the leadership of Union Labour Minister Mansukh Mandaviya, benefits over 7 crore members across India. The reform enhances financial flexibility for workers, simplifies withdrawal procedures, and minimises bureaucratic hurdles. By enabling full access to PF savings, the initiative supports individuals in managing urgent financial needs, encourages transparency, and aligns with the government’s broader goal of improving ease of living for employees in both organised and unorganised sectors.

4.
In which city did the 6th edition of the Global Fintech Fest (GFF) 2025 commence?
Bengaluru
Delhi
Hyderabad
Mumbai
Answer: Option
Explanation:
The 6th Global Fintech Fest (GFF) 2025 was inaugurated at the Jio World Centre in Mumbai, marking one of the largest gatherings of global financial innovators and leaders. The three-day event, themed “Empowering Finance for a Better World Powered by AI,” focuses on fostering collaboration among regulators, fintech companies, and investors. It aims to drive innovation, explore emerging technologies in finance, and discuss strategies for inclusive financial growth. Hosting the event in Mumbai, India’s financial capital, underscores the city’s strategic importance in fintech development and global financial connectivity.

5.
In which city did Union Finance Minister Nirmala Sitharaman launch the 'Aapki Punji Aapka Adhikar' campaign?
Chennai
Mumbai
New Delhi
Gandhinagar
Answer: Option
Explanation:
Union Finance Minister Nirmala Sitharaman launched the ‘Aapki Punji Aapka Adhikar’ campaign in Gandhinagar, Gujarat. The initiative focuses on helping citizens claim their rightful unclaimed financial assets from banks, insurance companies, and other financial institutions. With over ₹1.82 lakh crore worth of unclaimed assets lying dormant across the country, the campaign seeks to create awareness and streamline the process of reclaiming funds. Launching the campaign in Gandhinagar, a hub of financial and administrative activity, highlights the government’s commitment to improving financial inclusion and ensuring citizens have rightful access to their financial resources.