Current Affairs - Finance

Exercise : Finance - Latest Current Affairs
  • Finance - Latest Current Affairs
106.
Under the recent directive from the Reserve Bank of India, Bajaj Finance is instructed to halt loans for which two lending products?
‘QuickCash’ and ‘SwiftLoan’
‘FlexPay’ and ‘RapidCredit’
‘LoanExpress’ and ‘SpeedyFund’
‘eCOM’ and ‘Insta EMI’
Answer: Option
Explanation:
The Reserve Bank of India (RBI) directed Bajaj Finance to immediately cease the sanction and disbursal of loans under the lending products 'eCOM' and 'Insta EMI Card.' This action was taken due to the company’s non-adherence to the existing provisions outlined in the Digital Lending Guidelines of the Reserve Bank of India.

107.
With whom did SIDBI collaborate to introduce the 'Sumpoorn' MSME Economic Activity Index?
Jocata
Alviere
Jade ThirdEye
Finastra
Answer: Option
Explanation:
SIDBI partnered with Jocata, a digital lending transformation platform, to launch the innovative 'Sumpoorn' MSME Economic Activity Index, offering a real-time snapshot of India’s essential MSME sector, contributing significantly to the country’s Gross Value Added (GVA) and exports.

108.
Which group of investors is now allowed to freely invest in the Government's Sovereign Green Bonds for 2023-24?
Resident Indians
Non-Resident Indians
Foreign Institutional Investors
Qualified Foreign Investors
Answer: Option
Explanation:
The Reserve Bank of India (RBI) has issued a notification, granting Non-Resident Indians (NRIs) unrestricted investment access to the Government’s Sovereign Green Bonds for the fiscal year 2023-24.

109.
What is the daily fine that the RBI will impose on credit bureaus for failing to resolve customer complaints within 30 days?
₹50
₹100
₹150
₹200
Answer: Option
Explanation:
The RBI has directed credit bureaus to resolve customer complaints within 30 days or risk incurring a daily fine of ₹100. This is a significant move to protect the interests of consumers and ensure that their credit information is accurate and up-to-date. The fine will be imposed for each day that the complaint remains unresolved beyond the 30-day deadline. This will incentivize credit bureaus to resolve complaints quickly and efficiently.

110.
Which bank introduced the GO Savings Account, a subscription-based digital banking model offering high interest rates of up to 7.5% per annum?
HDFC Bank
ICICI Bank
State Bank of India
RBL Bank
Answer: Option
Explanation:
RBL Bank introduced the GO Savings Account, a revolutionary subscription-based digital banking model offering high interest rates of up to 7.5% per annum. The subscription-based model offers customers several benefits, including high-interest rates, no minimum balance requirement, and a variety of value-added services.