Current Affairs - Finance

Exercise : Finance - Latest Current Affairs
  • Finance - Latest Current Affairs
71.
What is the new name of the Poonawalla housing finance company that recently underwent a rebranding after being acquired by TPG Capital Asia?
Apex Housing Finance
Shelter Housing Finance
Grihum Housing Finance
Prime Housing Finance
Answer: Option
Explanation:
Poonawalla Housing Finance has transformed into Grihum Housing Finance following its acquisition by TPG Capital Asia, which now holds a substantial 99.02% equity stake in the company.

72.
Which financial institution has approved a USD 200 million loan for the Swachh Bharat Mission-Urban 2.0?
World Bank
Asian Development Bank
International Monetary Fund
Reserve Bank of India
Answer: Option
Explanation:
The Asian Development Bank (ADB) has taken a significant step in sustainable urban development by allocating a USD 200 million loan to support the Swachh Bharat Mission-Urban 2.0, aiming for garbage-free cities in India by 2026.

73.
In collaboration with Imperial College London, which global steel leader has committed a substantial investment of ₹100 crore for the establishment of the Centre for Innovation in Sustainable Design and Manufacturing in London?
ArcelorMittal
POSCO
Tata Steel
Nippon Steel
Answer: Option
Explanation:
Tata Steel has committed a significant investment of ₹100 crore for the establishment of the Centre for Innovation in Sustainable Design and Manufacturing in London in collaboration with Imperial College London.

74.
Which scheme, launched to support urban street vendors, has emerged as a crucial initiative by disbursing micro-credit loans to beneficiaries?
PM SVANidhi
PM Mudra Yojana
PM Bhartiya Janaushadhi Pariyojana
PM Matru Vandana Yojana
Answer: Option
Explanation:
The PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) scheme, designed as a micro-credit program, has disbursed an impressive total of Rs 9,790 crore in loans to urban street vendors during the COVID-19 outbreak, according to the government's disclosure in the Rajya Sabha.

75.
Which Maharatna Central Public Sector Enterprise (CPSE) under the Ministry of Power signed a 200 million Euro loan agreement with the German bank KfW for distribution sector reforms?
NTPC Limited
Power Grid Corporation of India
NHPC Limited
REC Limited
Answer: Option
Explanation:
REC Limited, a Maharatna CPSE under the Ministry of Power, signed a significant 200 million Euro loan agreement with the German bank KfW. This step, as part of the Indo-German Development Cooperation, highlights REC's commitment to bolstering the distribution infrastructure of DISCOMs in line with the Government of India's Revamped Distribution Sector Scheme (RDSS).