Finance current affairs

Finance current affairs

Question 1 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
Recently, Reserve Bank of India cancelled the certificate of registrations of how many non-banking finance companies (NBFCs)?
A
25
B
31
C
42
D
48
Question 1 Explanation: 
The Reserve Bank of India cancelled the certificate of registrations of as many as 31 non-banking finance companies (NBFCs) for unspecified reasons. A majority 27 of the 31 companies which lost their licences are from Bengal. Bengal is followed by Uttar Pradesh, which has seen four NBFC licence cancellations. A majority of voluntary application for licence cancellation are also from Bengal. This can be seen from the fact that it also cancelled the certificate of registrations of 17 NBFCs following a request by them for the same.






Question 2 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
Ministry of Finance approves ..... to upgrade Doordarshan and All India Radio.
A
Rs 850 crore
B
Rs 720 crore
C
Rs 680 crore
D
Rs 500 crore
Question 2 Explanation: 
Finance ministry has approved Rs 850 crore investment to upgrade Doordarshan (DD) and All India Radio (AIR). The sanctioned amount will be invested over FY19 and FY20. Decision came after Centre has started a manpower audit of Prasar Bharati, acting on the recommendation of an expert committee in 2014 led by Sam Pitroda which recommended that Prasar Bharati 'undertake a comprehensive manpower audit and human resources planning exercise to map workforce requirements for the future, in line with the public broadcaster's mandate'.
Question 3 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
Which bank signed a loan agreement of USD 83 million line of credit to Congo to finance 3 solar power projects?
A
Dena Bank
B
National Housing Bank
C
Exim Bank
D
Central Bank of India
Question 3 Explanation: 
Export-Import Bank of India (Exim Bank) signed a loan agreement on behalf of the government of USD 83.11 million to Congo for financing three solar power projects in the central African country. It aims to provide support for financing three solar photovoltaic power projects with a total capacity of 35 megawatts in the three provinces - Karawa, Mbandaka, and Lusambo.






Question 4 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
Who was appointed as the Controller, Assistant Secretary-General for Programme Planning, Finance and Budget in the Department of Management Strategy, Policy and Compliance by United Nations Secretary?
A
Kiran Mazumdar-Shaw
B
Cyrus S. Poonawalla
C
Chandramouli Ramanathan
D
Dilip Shanghvi
Question 4 Explanation: 
Chandramouli Ramanathan of India was appointed as the Controller, Assistant Secretary-General for Programme Planning, Finance and Budget in the Department of Management Strategy, Policy and Compliance by United Nations Secretary-General Antonio Guterres. Mr. Ramanathan has led high level management initiatives, including implementation of IPSAS(International Public Sector Accounting Standards) and Umoja(the United Nations Enterprise Resource Planning solution). He has also served as Acting Controller since September 2018, along with his position as Assistant Secretary-General for Enterprise Resource Planning since 2016. He previously served as Deputy Controller, Director of Accounts Division, and Chief of Service, IT Services Division.
Question 5 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
The government approved a pact between the ..... and Chartered Professional Accountants, Canada.
A
IMA
B
ASFE
C
FICCI
D
ICAI
Question 5 Explanation: 
The government approved a pact between the Institute of Chartered Accountants of India (ICAI) and Chartered Professional Accountants, Canada. The MoU includes collaboration on the definition, learning, and evaluation of the professional qualities and skills and competencies of Chartered Accountants. It will provide an opportunity for the ICAI members to expand their professional horizon.






Question 6 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
Name the small finance bank that has received the Reserve Bank approval to operate as scheduled bank making it the fifth scheduled bank that operates from Kerala?
A
Jana Small Finance Bank
B
AU Small Finance Bank
C
ESAF Small Finance Bank
D
Manapuram Small Finance Bank
Question 6 Explanation: 
The Thrissur, Kerala-based ESAF Small Finance Bank has received the Reserve Bank approval to operate as scheduled bank making it the fifth scheduled bank that operates from Kerala after Federal Bank, South Indian Bank, Catholic Syrian Bank, and Dhanlaxmi Bank. The ESAF Small Finance Bank Ltd has received the RBI's approval for inclusion in the second schedule of the RBI Act, 1934 paving its way to operate as scheduled bank. In 2016, RBI gave approval to ESAF MFI along with 9 other applicants to start banking operations as a small finance bank and within two years of its commencement of operations, it has received the scheduled bank tag. On the operation front, the ESAF Small Finance Bank has a network of 432 outlets across 13 states with 2.6 million customers and a loan book of Rs 4, 660 crore and deposits if over Rs 3, 300 crore. Its capital- to-risk-weighted-asset (CRAR) ratio stands at 27.39 per cent.
Question 7 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
What amount of financial assistance will be granted to the pregnant women who undergo institutional delivery under Maternity Benefit Scheme as per Budget 2017?
A
Rs 2000
B
Rs 4000
C
Rs 6000
D
Rs 8000






Question 8 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
Which Bank acquired 9.9% stake in Kisan Finance for cash consideration of Rs 17.82 crore?
A
Kotak Mahindra Bank
B
ICICI Bank
C
Axis Bank
D
HDFC Bank
Question 8 Explanation: 
ICICI Bank announced that it will buy 1.49 crore shares to acquire 9.9% stake in the non-banking finance company (NBFC) Kisan Finance for Rs 17.82 crore.The acquisition is expected to be over by the end of March 2019.Incorporated in December 2017, Kisan Rural Finance Ltd (Kisan Finance) had registered a net loss of Rs 48 lakh in 2017-18 at a revenue of Rs 4 lakh. iii. The deal will involve the acquisition of roughly 1.49 crore equity shares with a face value of Rs 10 per share at a premium of Rs 2 per share.
Question 9 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
Who has been appointed as the Finance Secretary, recently?
A
Anant Narayan Nanda
B
Rajesh Kotecha
C
Tarun Shridhar
D
Subhash Chandra Garg
Question 9 Explanation: 
The Appointments Committee of the Cabinet has approved designating Shri Subhash Chandra Garg, lAS, Secretary, Department of Economic Affairs, Ministry of Finance as Finance Secretary. Former finance secretary Ajay Narayan Jha superannuated on February 28. Garg, 58, a 1983 batch IAS officer of Rajasthan cadre, has been working as the Secretary in Department of Economic Affairs since June 2017.






Question 10 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
Who among the following has been appointed as the interim finance and corporate affairs minister by the President of India?
A
Shri Piyush Goyal
B
Shri Naresh Iyer
C
Shri Suresh Prabhu
D
Shri Vikram Singh
Question 10 Explanation: 
President of India appointed Piyush Goyal as the interim finance and corporate affairs minister because of Arun Jaitely's health issues. Piyush Goyal's tenure as an interim Finance Minister will be till August 2019. Jaitley will be designated as a minister without a portfolio during his period of indisposition. Being the interim finance and corporate affair minister, he will present the budget on February.
Question 11 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
Name the small Finance Bank Launches Current Account with Unique Auto-Sweep Facility.
A
Jana Small Finance Bank
B
Equitas Small Finance Bank
C
Suryoday Small Finance Bank
D
Ujjivan Small Finance Bank
Question 11 Explanation: 
Jana Small Finance Bank launched Current Account with Auto-Sweep facility. The facility will enable bank's existing and potential new customers to auto sweep-in and sweep-out the idle funds in the current account to Sweep Fixed Deposit and earn high interest. For a tenor of 365 days on sweep deposit, the customers will be able to earn interest of 8.5 percent.






Question 12 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
Finance Minister Shri Arun Jaitley and Union Minority Affairs Minister Shri Mukhtar Abbas Naqvi inaugurated Hunar Haat exhibitions in .....
A
Surat
B
Hyderabad
C
New Delhi
D
Bengaluru
Question 12 Explanation: 
Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley and Union Minister of Minority Affairs Shri Mukhtar Abbas Naqvi inaugurated the Hunar Haat Exhibition at State Emporia Complex in New Delhi. The Hunar Haat exhibition will be organized from 12th January 2019 to 20th January 2019. Hunar Haat aims at "Development with Dignity"of the artisans and craftsman from the minority community.
Question 13 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
Finance Ministry increased interest rates for non-governmental provident funds, gratuity and superannuation on 13th October 2018. The increased interest rate is;
A
8%
B
8.30%
C
7.50%
D
8.70%
Question 13 Explanation: 
The Finance Ministry increased interest rates for non-governmental provident funds, gratuity and superannuation to 8 percent from existing 7.6 percent. Also, the interest rates for small savings schemes has been hiked by 40 basis points. These include: Public Provident Fund (PPF), Sukanya Samriddhi Scheme, National Savings Certificate and post office time deposits. The changes are effective from October 1, 2018 to December 31, 2018, for the 3rd quarter.






Question 14 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
Which insurance company has come up with India's first ever insurance cover for individual victims of cyber crime?
A
ICICI
B
Muthoot Finance
C
LIC
D
Bajaj Allianz
Question 14 Explanation: 
Insurance firm Bajaj Allianz has come up with India's first ever insurance cover for individual victims of cyber crime. Under this policy, insurance cover will be provided against online fraud, identity theft, cyber-stalking and extortion, phishing and malware attack.
Question 15 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
Which small finance bank launches personal loan facility for salaried individuals?
A
Equitas Small Finance Bank
B
Ujjivan Small Finance Bank
C
Small Indus Development Finance Bank
D
Jana Small Finance Bank
Question 15 Explanation: 
he Ujjivan small finance bank a wholly owned subsidiary of Ujjivan Financial Services Limited introduced a new personal loan scheme for salaried individuals. The 14 tier I and tier II locations where the product will be launched are Ahmedabad, Bengaluru, Delhi, Kolkata, Pune, Surat, Mumbai, Mysore, Ankaleshwar, Coimbatore, Kochi, Chennai and Vadodara. Personal loans starting from Rs 50, 000up to Rs 15 lakhs will be offered to salaried professionals who are earning a monthly salary above Rs 15, 000.






Question 16 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
With which state government IIFL Home Finance signed an MoU for building houses under PMAY?
A
Gujarat
B
Rajasthan
C
Maharashtra
D
Punjab
Question 16 Explanation: 
An MoU (Memorandum of Understanding) was signed between IIFL Home Finance and the Maharashtra government for building affordable houses through credit-linked subsidy scheme (CLSS) under Pradhan Mantri Awas Yojana (PMAY). Through this MoU, the Housing Department of Maharashtra will provide permissions and enable IIFL Home Finance (IIFL HFL) to spread awareness among customers about the benefits of PMAY through presentations, counselling, calls and messages.
Question 17 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
Which country signed an Agreement with Exim Bank to Finance Infrastructure Projects?
A
Sri Lanka
B
Mauritius
C
Maldives
D
Singapore
Question 17 Explanation: 
Maldives finance ministry has signed an agreement with India's Export-Import Bank (EXIM) for line of credit (LOC) of 800 million US dollars to finance the new government's infrastructure projects. The agreement was signed in presence of External Affairs Sushma Swaraj who was on a 2-day visit to Male. The LOC is part of 1.4 billion US dollars finance assistance announced by the Indian government during President Ibrahim Mohamed Solih's state visit in December 2018. The EXIM Bank loans come with a 1.75% interest rate and a 15-year repayment period after five years of moratorium.






Question 18 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
IDFC's Infrastructure Finance Limited was acquired by:
A
SEBI
B
NIIF
C
Bajaj Capital Limited
D
L & T Finance
Question 18 Explanation: 
The National Investment and Infrastructure Fund (NIIF) of India had acquired IDFC Infrastructure Finance Limited (IDFC-IFL). IDFC-IFL is a non-banking finance company registered with the Reserve Bank of India as an infrastructure debt fund. The government had set up the NIIF in 2015 as an investment vehicle for funding greenfield, brownfield and stalled infrastructure projects.
Question 19 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
The Ministry of Finance has started which series on Twitter to educate general public about the budgetary process?
A
Know Budgetary Process
B
Know Your Economy
C
Know Your Budget
D
Know Making of Budget
Question 19 Explanation: 
The Union Ministry of Finance has started 'Know Your Budget' fortnight series on its Twitter handle to educate general public about the budgetary process. The series would explain the importance of Union Budget and its making, and would continue for about a fortnight. In the first series of tweets, the Ministry explained the terms - Union Budget and Vote on Account. These are as follows: The Budget is the most comprehensive report of the government's finances in which revenues from all sources and outlays for all activities are consolidated. The Budget also contains estimates of the government's accounts for the next fiscal year called Budget estimates. The Vote on Account is defined as a grant made in advance by Parliament for expenditure for a part of the next financial year.






Question 20 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
Srei Equipment Finance and this bank jointly collabrated to provide equipment financing under co-lending arrangement.
A
IDBI Bank
B
Yes Bank
C
Axis Bank
D
Syndicate Bank
Question 20 Explanation: 
Srei Equipment Finance, a wholly-owned subsidiary of Srei Infrastructure Finance, has collaborated with Syndicate Bank to provide equipment financing under co-lending arrangement for various equipment categories like construction, mining, material handling, commercial vehicles, medical and farm equipment. The arrangement requires Syndicate Bank to utilise its low-cost funds and co-lend equipment loans with Srei at a rate which has been mutually agreed on. It has been done under the aegis of Reserve Bank of India (RBI) circular dated September 21, 2018 that allows banks to collaborate with non-banking finance companies (NBFCs) to co-originate loans for the creation of assets for priority sector. Loans under this programme will be sourced by iQuippo a Kanoria Foundation initiative- India's first digital marketplace for construction equipment, machinery and services.
Question 21 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
The Ministry of Finance constituted a Group of Ministers (GoM) for boosting the Real Estate Sector under the GST regime. It consists of how many members?
A
4
B
5
C
9
D
7
Question 21 Explanation: 
The Ministry of Finance on January 15, 2019 constituted a 7-Member Group of Ministers (GoM) for boosting the Real Estate Sector under the GST regime. The GoM was constituted in pursuance of the decision of GST Council taken in the 32nd meeting held on January 10, 2019 at New Delhi. The group has been tasked to provide a Composition Scheme for Residential Construction Units. The Secretary of the GoM will be Manish Sinha, Joint Secretary (TRU-II), Central Board of Indirect taxes and Customs (CBIC).






Question 22 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
Which small finance bank Partners With Suryoday SFB to offer Sweep Account Facility?
A
Aditya Birla Payments Bank
B
Airtel Payments Bank
C
Fino Payments Bank
D
India Post Payments Bank
Question 22 Explanation: 
Fino Payments Bank Partners With Suryoday SFB to offer Sweep Account Facility.
Question 23 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
Name the person who took over as the Revenue Secretary in the Finance Ministry.
A
Hasmukh Adhia
B
Dr. Ajay Bhushan Pandey
C
Dr. Rajinish Kumar
D
Mansoor Ahmed
Question 23 Explanation: 
UIDAI(Unique Identification Authority of India) CEO Dr. Ajay Bhushan Pandey took over as the Revenue Secretary in the Finance Ministry after Hasmukh Adhia retires. Dr. Ajay Bhushan Pandey, a 1984-batch IAS officer of Maharashtra cadre with over 34 years of experience in state and Central governments, was welcomed to his new office by the outgoing Finance and Revenue Secretary Hasmukh Adhia.






Question 24 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
How much amount will be provided by NITI Aayog to every district to encourage digital payment system?
A
Rs 1 lakh
B
Rs 2 lakh
C
Rs 5 lakh
D
Rs 10 lakh
Question 25 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
Who among the following became the Member of the 15th Finance Commission, recently?
A
Vijay P. Bhatkar
B
Jayant Narlikar
C
Anil Kakodkar
D
Ajay Narayan Jha
Question 25 Explanation: 
Shri Ajay Narayan Jha joined the 15th Finance Commission as its Member in place of Shri Shaktikanta Das who had resigned as a Member of the Commission after being appointed as Governor of the Reserve Bank of India (RBI). A 1982 batch IAS officer of Manipur cadre, he was the Finance Secretary to the Government of India and has also served as Secretary to the 14th Finance Commission, headed by former RBI Governor, Shri Y.V. Reddy. The 15th Finance Commission was constituted by a Presidential Order in November, 2017 under the Chairmanship of Shri N. K. Singh to decide the formula for devolution of revenue between Centre and States, for a period of 5 years - April, 2020 to March, 2025.






Question 26 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
Who of the following has been appointed as new Finance Secretary?
A
Surendra Kumar Solanki
B
Poma Tudu
C
Ajay Narayan Jha
D
Parikipandla Narahari
Question 26 Explanation: 
Ajay Narayan Jha, the Secretary of Department of Expenditure, has been appointed as new Finance Secretary to succeed Hasmukh Adhia who retired on November 30. Fifty-nine-year old Jha is a 1982-batch IAS officer of Manipur Tripura cadre. An alumnus of St Stephens College, he passed with first class in Graduation and Post Graduation in History.
Question 27 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
As per reports, India received the Foreign Direct Investment (FDI) of what amount between April 2000 and September 2016?
A
150 billion US dollar
B
300 billion US dollar
C
640 billion US dollar
D
900 billion US dollar
There are 27 questions to complete.

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