Current Affairs - Finance
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Exercise : Finance - Latest Current Affairs
- Finance - Latest Current Affairs
1.
Which organisation partnered with Schoolnet India Limited to provide a USD 10 million financing package for expanding digital education infrastructure in India?
Answer: Option
Explanation:
The Asian Development Bank (ADB) partnered with Schoolnet India Limited to provide a USD 10 million financing package aimed at strengthening digital education infrastructure across India. The initiative seeks to benefit approximately 4.5 million students by supporting digital learning in 30,000 government schools. Key objectives include establishing computer laboratories in at least 1,000 schools, creating 58,000 digital classrooms, and training over 56,000 teachers in digital pedagogy and equitable teaching practices. The project is notable as ADB’s first private sector financing initiative for a digital education project in India, highlighting its commitment to enhancing human capital development through technology-enabled learning.
Date : 2026-06-22
2.
Which city hosted the launch of UPI at the Galeries Lafayette department store to facilitate digital payments for Indian tourists?
Answer: Option
Explanation:
Nice, a prominent city in France, became the latest international location to adopt India's Unified Payments Interface (UPI) for seamless digital transactions. The launch took place at Galeries Lafayette Nice Massena, a major retail destination, through a collaboration between NPCI International Payments Limited (NIPL) and the French fintech company Lyra Collect. This initiative expands the global reach of India's digital payment ecosystem and follows the earlier rollout of UPI at the Eiffel Tower in Paris in 2024. The move enhances convenience for Indian travellers while strengthening cross-border payment interoperability and showcasing India's leadership in digital financial innovation on the global stage.
Date : 2026-06-20
3.
Which digital wallet application was the most downloaded worldwide in 2025?
Answer: Option
Explanation:
PhonePe emerged as the most downloaded digital wallet application in the world in 2025, reflecting India's growing dominance in the digital payments ecosystem. India recorded more than 440 million digital wallet app downloads during the year, accounting for nearly one-fourth of global downloads. The country's rapid adoption of digital payment platforms has been driven by the success of the Unified Payments Interface (UPI), which processed 228.5 billion transactions worth ₹299.7 trillion in 2025. Along with Google Pay, PhonePe handled over 80% of UPI transactions, highlighting its significant role in promoting cashless payments, financial inclusion, and digital commerce across India.
Date : 2026-06-15
4.
Which company received official certification as a Biller Operating Unit (BOU) under the Bharat Bill Payment System (BBPS) in June 2026?
Answer: Option
Explanation:
Viyona Fintech India received certification as a Biller Operating Unit (BOU) under the Bharat Bill Payment System (BBPS) from NPCI Bharat BillPay Limited (NBBL). This certification authorises the company to facilitate bill payment collection for various sectors, including utilities, education, insurance, and financial services. As a BOU, Viyona Fintech can help expand the reach of the Bharat BillPay network by integrating regional and underserved areas into the interoperable payment ecosystem. The development supports the growth of digital payment infrastructure in India and contributes to greater financial inclusion and convenience for consumers and service providers.
Date : 2026-06-13
5.
Which state is set to receive a proposed investment of ₹1 lakh crore facilitated by the Indian Chamber of Commerce (ICC)?
Answer: Option
Explanation:
The Indian Chamber of Commerce (ICC) proposed an investment of ₹1 lakh crore in West Bengal to boost regional economic growth and industrial development. The investment is expected to be facilitated through ICC member companies and aims to attract large-scale projects across key sectors. The initiative emphasises collaboration between the Central Government, the West Bengal state government, and industry stakeholders to unlock the state's economic potential. Founded in 1925 by Ghanshyam Das Birla and headquartered in Kolkata, the ICC is one of India's oldest industry associations and plays a significant role in promoting business and economic development.
Date : 2026-06-12
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