IndiaBIX

Current Affairs - Finance

Exercise : Finance - Latest Current Affairs
  • Finance - Latest Current Affairs
151.
Which institution has partnered with KarmaLife to offer micro-loans for gig workers?
Fintech Platform
Onion Life Private Limited
Asian Bank
SIDBI
Answer: Option
Explanation:
SIDBI, the Small Industries Development Bank of India, has partnered with KarmaLife to provide micro-loans for gig workers, leveraging KarmaLife's mobile app technology to streamline loan access and enhance financial inclusion for this segment.
Date : 2024-04-08
152.
Which entity has received approval from the Competition Commission of India (CCI) for acquiring a stake in Max Life Insurance?
Axis Bank
HDFC Bank
ICICI Bank
State Bank of India
Answer: Option
Explanation:
Axis Bank has received approval from the Competition Commission of India (CCI) for its stake acquisition in Max Life Insurance, aligning with its strategic growth plans and enhancing Max Life's capabilities in the insurance sector.
Date : 2024-04-04
153.
What was the total value of transactions processed by UPI in FY24?
₹150 Lakh Crore
₹199 Lakh Crore
₹126 Lakh Crore
₹180 Lakh Crore
Answer: Option
Explanation:
In FY24, UPI processed transactions worth ₹199 Lakh Crore, showcasing its substantial contribution to the digital payment landscape. This achievement reflects the growing adoption and trust in UPI as a convenient and secure payment method in India.
Date : 2024-04-02
154.
Which regulatory body launched the "T+0 settlement" beta version on an optional basis?
Reserve Bank of India
Securities and Exchange Board of India
Insurance Regulatory and Development Authority of India
Competition Commission of India
Answer: Option
Explanation:
The Securities and Exchange Board of India (SEBI) introduced the beta version of the T+0 settlement, allowing same-day settlement on an optional basis to enhance market efficiency and reduce transactional risks in India's capital markets.
Date : 2024-04-01
155.
Which mutual fund acquired a 3% stake in Savita Oil Technologies through a block deal?
SBI Mutual Fund
HDFC Mutual Fund
ICICI Prudential Mutual Fund
Axis Mutual Fund
Answer: Option
Explanation:
SBI Mutual Fund acquired a 3% stake in Savita Oil Technologies through a block deal on March 26, 2024. This transaction resulted in a reduction of the promoter group's stake in the company.
Date : 2024-04-01
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