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Current Affairs - Finance

Exercise : Finance - Latest Current Affairs
  • Finance - Latest Current Affairs
221.
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.
Date : 2023-12-12
222.
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).
Date : 2023-12-11
223.
Which sections of the Banking Regulation Act, of 1949 were cited in the cancellation of the license of Kolhapur's Shankarrao Pujari Nutan Nagari Sahakari Bank?
Sections 11(1) and 22(3)(d)
Sections 5(a) and 55
Sections 5(b) and 56
Sections 21(1) and 60
Answer: Option
Explanation:
The RBI revoked the license of Shankarrao Pujari Nutan Nagari Sahakari Bank under the Banking Regulation Act, 1949 Sections 5(b) and 56, which pertain to deposit acceptance and repayment.
Date : 2023-12-05
224.
Which financial institution partnered with Water.org to offer water, sanitation, and hygiene loans in India?
State Bank of India
HDFC Bank
Axis Bank
Ujjivan SFB
Answer: Option
Explanation:
Ujjivan Small Finance Bank (Ujjivan SFB) has formed a strategic partnership with Water.org, a global non-profit, to provide affordable financing for water, sanitation, and hygiene solutions, addressing the critical issues in India, which has the world's highest population.
Date : 2023-12-05
225.
Who, as the President of the World Bank, has introduced a strategic initiative to scale up climate financing through securitization, led by the Private Sector Investment Lab (PSIL)?
Christine Lagarde
Ajay Banga
Jim Yong Kim
David Malpass
Answer: Option
Explanation:
The President of the World Bank, Ajay Banga, is spearheading a strategic initiative through the Private Sector Investment Lab (PSIL) to scale up climate financing via securitization, attracting substantial investments for climate-related projects.
Date : 2023-12-04
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