Finance
B. Shriram Finance
C. Manappuram Finance Limited
D. Mahindra Finance
✅ Answer: C. Manappuram Finance Limited
Explanation:
RBI imposed the penalty for non-compliance with regulatory guidelines .
8. Public Sector Banks earned over ₹28,600 crore in the past five years mainly through:
A. Interest on loans
B. Treasury operations
C. Government subsidies
D. Distribution of third-party financial products
✅ Answer: D. Distribution of third-party financial products
Explanation:
PSBs earned income by selling insurance, mutual funds, credit cards, and demat services .
9. Which fintech company launched the world’s first payments Agent Studio using the Claude Agent SDK?
A. Paytm
B. PhonePe
C. Razorpay
D. Pine Labs
✅ Answer: C. Razorpay
Explanation:
Razorpay launched the Agent Studio for payments built using AI technology from Anthropic.
10. The National Stock Exchange of India recently advanced plans related to which major financial development?
A. Launch of new derivatives exchange
B. Digital currency platform
C. Initial Public Offering (IPO)
D. Global bond issuance
✅ Answer: C. Initial Public Offering (IPO)
Explanation:
NSE moved closer to its long-awaited IPO by appointing key intermediaries for the listing process .
11. Which bank raised a USD 500 million syndicated loan through its IFSC unit in GIFT City ?
A. SBI
B. ICICI Bank
C. Bank of Baroda
D. Axis Bank
✅ Answer: C. Bank of Baroda
Explanation:
The loan was raised via its unit at GIFT City to strengthen international banking operations.
12. Which bank launched EPF payment services through its internet banking platform SIBerNet ?
A. Federal Bank
B. South Indian Bank
C. HDFC Bank
D. IDFC First Bank
✅ Answer: B. South Indian Bank
Explanation:
The service enables customers to pay Employees’ Provident Fund contributions through online banking .
13. According to Ministry of Statistics and Programme Implementation, retail inflation in February 2026 increased to:
A. 2.21%
B. 2.74%
C. 3.21%
D. 4.01%
✅ Answer: C. 3.21%
Explanation:
Retail inflation increased from 2.74% in January 2026 to 3.21% in February 2026 .
14. Which Indian Navy sailing vessel reached Valletta, Malta during the expedition “Lokayan-26”?
A. INS Tarangini
B. INS Sudarshini
C. INS Vikrant
D. INS Kolkata
Month: Current Affairs - March 16, 2026
Category: