Current Affairs - Finance

Exercise : Finance - Latest Current Affairs
  • Finance - Latest Current Affairs
41.
How much does the Indian government plan to borrow from the market in the first half of FY25?
Rs 7.5 lakh crore
Rs 9.1 lakh crore
Rs 14.13 lakh crore
Rs 15 lakh crore
Answer: Option
Explanation:
The Indian government plans to borrow Rs 7.5 lakh crore from the market in the first half of FY25, which constitutes approximately 53% of its annual target borrowing for the fiscal year. This borrowing strategy includes auctions of bonds with maturities ranging from 3 years to 50 years, with the issuance of sovereign green bonds worth Rs 12,000 crore as part of the fundraising.

42.
How much Foreign Direct Investment (FDI) has the insurance sector in India attracted in the last 9 years?
Rs 52,000 crore
Rs 53,900 crore
Rs 55,500 crore
Rs 51,200 crore
Answer: Option
Explanation:
The insurance sector in India has attracted a massive Rs 53,900 crore as Foreign Direct Investment (FDI) in the last 9 years, according to Financial Services Secretary Vivek Joshi. This substantial FDI influx reflects investor confidence and interest in the Indian insurance market.

43.
What are the exclusive benefits offered annually by the Titan SBI Card?
₹1,00,000
₹1,50,000
₹1,75,000
₹2,00,000
Answer: Option
Explanation:
The Titan SBI Card, a collaboration between SBI Cards and Payment Services Ltd and Titan Company Ltd, offers exclusive benefits worth ₹2,00,000 annually. These benefits include cashback, gift vouchers, and reward points, making it a highly rewarding credit card option for users.

44.
What is the maximum transaction limit per day using the Airtel Payments Bank Smart Watch?
Rs 5,000
Rs 25,000
Rs 50,000
Rs 10,000
Answer: Option
Explanation:
The Airtel Payments Bank Smart Watch allows users to make transactions ranging from Rs 1 to Rs 25,000 per day. This feature, along with Airtel Payments Bank's collaboration with Noise and Mastercard, highlights the bank's commitment to digital payment solutions, providing users with a convenient and innovative way to make contactless payments.

45.
What is the reported amount of India's outward foreign direct investment (FDI) in February 2024?
$2.82 Billion
$3.47 Billion
$2.18 Billion
$1.71 Billion
Answer: Option
Explanation:
In February 2024, India's outward foreign direct investment (FDI) reached $3.47 billion, marking a notable rise from the previous year. This increase, reported by the Reserve Bank of India (RBI), indicates a growing trend of higher financial commitments by Indian entities in foreign markets, encompassing equity, debt, and guarantees.