Current Affairs - Finance

Exercise : Finance - Latest Current Affairs
  • Finance - Latest Current Affairs
66.
What percentage of financial assistance is provided for the capital cost of solar rooftop projects under the National Rooftop Solar Scheme?
40%
30%
50%
20%
Answer: Option
Explanation:
The National Rooftop Solar Scheme extends significant support, offering 40% financial assistance for the capital cost of solar rooftop projects. This initiative, coupled with the 'Pradhan Mantri Suryodaya Yojana,' aims to foster self-reliance in energy and encourages widespread adoption of rooftop solar installations.

67.
Which organization received the esteemed ‘Plaque’ under the 'Financial Services Sector (Other than Banking and Insurance)' category at the ICAI Awards for Excellence in Financial Reporting?
PFC Limited
REC Limited
NABARD
SIDBI
Answer: Option
Explanation:
REC Limited received the prestigious ICAI award for financial reporting, securing the 'Plaque' under the 'Financial Services Sector (Other than Banking and Insurance)' category at the ICAI Awards for Excellence in Financial Reporting. The recognition from the Institute of Chartered Accountants of India (ICAI) highlights REC Limited's excellence in financial reporting for the year 2022-23.

68.
Which organization surpassed the State Bank of India (SBI) to become the most valuable Public Sector Undertaking (PSU) with a market capitalization of ₹5.8 Lakh Crore?
ONGC
BHEL
LIC
IOCL
Answer: Option
Explanation:
Life Insurance Corporation of India (LIC) achieved a significant milestone by surpassing the State Bank of India (SBI) in market capitalization. With LIC's share price rising over 2% to reach 52-week highs of ₹919.45, its market cap exceeded ₹5.8 Lakh Crore, making it the most valuable PSU. The article explores LIC's impressive comeback, its journey since listing, and the contributing factors to its remarkable revival.

69.
Which bank has launched a mobile banking app called ‘Money2India (Canada)’ to facilitate 24/7 fund transfers to India?
HDFC Bank
Axis Bank
State Bank of India
ICICI Bank
Answer: Option
Explanation:
The ‘Money2India (Canada)’ app is a distinctive offering from ICICI Bank Canada, specifically designed to streamline cross-border fund transfers to India for Canadian customers. It enables 24/7 transactions without requiring an account with ICICI Bank Canada, providing a user-friendly and accessible platform.

70.
Which exchange retained its position as the world's largest exchange in 2023, particularly in the global derivative exchange?
Bombay Stock Exchange
National Stock Exchange
New York Stock Exchange
London Stock Exchange
Answer: Option
Explanation:
The National Stock Exchange (NSE) maintained its dominance as the world's largest exchange in the global derivative segment for the fifth consecutive year in 2023, reaffirming its top position according to statistics from the Futures Industry Association (FIA).