General Awareness Questions for IBPS
Mains Exams – Day 10
1. Defence Minister Arun Jaitley on August 27,
2017 over long-range surface-to-air missile to the Indian Navy. The
missiles have been developed jointly by India and ______.
a) Israel
b) USA
c) Germany
d) France
e) Russia
Answer: A)
Explanation: Defence Minister Arun Jaitley handed over the
Long-Range Surface-to-Air Missile (LRSAM) jointly developed by India and
Israel, to the Indian Navy, at Bharat Dynamics Ltd (BDL) in Hyderabad. LRSAM is
an advanced combat suit for missile defence against air targets and missiles,
and has full capabilities of air and surface surveillance, threat alert and
fire control. Public sector BDL is the missile production agency for the three
armed forces.
2. Under the 'Kanyashree Prakalpa' scheme girls get an
annual scholarship of Rs. ______.
a) 750
b) 850
c) 950
d) 650
e) 550
Answer: A)
Explanation: Under the 'Kanyashree Prakalpa' scheme girls
get an annual scholarship of Rs. 750. if annual income of her both parents
is up to Rs. 1,20,000. The age range of girls is between 13 years to 18 years.
3. The new Rs. 50 note has a dimension of _______.
a) 67 mm x 134 mm
b) 62 mm x 130 mm
c) 68 mm x 139 mm
d) 66 mm x 135 mm
e) 65 mm x 133 mm
Answer: D)
Explanation: The note has geometric patterns aligning with
the overall colour scheme, both at the obverse and reverse. Dimension of the
banknote will be 66 mm x 135 mm and will bear motif of Hampi with chariot and
will carry the signature of Urjit R. Patel, Governor, Reserve Bank of India.
The base colour of the note is Fluorescent Blue.
4. The 2016 Biju Patnaik Award for Scientific
Excellence was awarded to _________ .
a) Sunita Lakra
b) Purnima Hembram
c) Namita Toppo
d) Srabani Nanda
e) None of these
Answer: E)
Explanation: Odisha Chief Minister Naveen Patnaik
conferred Biju Patnaik Award for Scientific Excellence for the year 2016 to
Prof Digambar Behera. Behera is senior professor & Head, Department of
Pulmonary Medicine, PGIMER in Chandigarh. The award is given to an Odia Scientist
working any where in India or abroad each year for his/her lifetime research
contributions in field of science & technology.
5. Who won the 2017 UNESCO Peace Prize?
a) Louis Renault
b) Betty Williams
c) Giuseppina Nicolini
d) Mairead Corrigan
e) Norman E. Borlaug
Answer: C)
Explanation: The UNESCO has awarded its Peace Prize to
Giuseppina (Giusi) Nicolini, the mayor of the Italian island of Lampedusa, for
her commitment to saving the lives of migrants and refugees. Lying closer to
Tunisia than it does to Sicily, Lampedusa is the first European landfall for
people fleeing war and economic hardship in Africa and the Middle East.
6. RTGS stands for ________
a) Real Time Gross settlements
b) Reduced Time Gross Settlements
c) Relative Time Gross Settlements
d) Real Total Gross Settlements
e) None of the above
Answer: A)
Explanation: “RTGS” stands for Real Time Gross Settlement.
It is a funds transfer mechanism where transfer of money takes place from one
bank to another on a “real time” and on “gross” basis. The minimum amount to be
remitted is Rs 2 lakh. There is no upper ceiling for transactions, though
individual banks may set a limit.
7. An IPO is _________
a) Initial price offered by a private limited
company to its shareholders
b) An offer by an unlisted company for sale of its
shares for the first time to the public
c) Used to increase the share capital of an unlisted
company
d) A book building process
e) None of the above
Answer: A)
Explanation: An initial public offering (IPO) is the first
time that the stock of a private company is offered to the public. IPOs are
often issued by smaller, younger companies seeking capital to expand, but they
can also be done by large privately owned companies looking to become publicly
traded. Some recent and upcoming IPOs are: Cochin Shipyard IPO, SBI Life Insurance
IPO, Khadim India IPO, etc.
8. A decreasing current ratio indicates ________
a) A stable liquidity
b) An increasing liquidity
c) A strained liquidity
d) Satisfactory current solvency
e) None of the above
Answer: C)
Explanation: The current ratio is a commonly used
liquidity ratio that measures a company's ability to pay its current
liabilities with its current assets (Current ratio = current assets/current
liabilities).
For example, suppose for a firm X, total current
assets = 1000 and total current liabilities = 2000. Therefore, current ratio = 1000/2000
= ½. It means that the company has only Rs ½ in current assets to pay for every
Rs 1 of liability.
This is clearly not a healthy situation for the
firm. Therefore, a decreasing current ratio indicates that the liquidity of the
firm is under strain. Contrarily, an increasing current ratio indicates a
strengthening liquidity.
9. The RBI reviews its credit and monetary policy at regular
intervals and also in between. What is the purpose of the same?
(1) To ensure that inflation does not cross the limit.
(2) To ensure that banks have enough liquidity.
(3) To ensure that cost of the fund does not reach a very high level.
a) Only (1)
b) Only (2)
c) All (1), (2) and (3)
d) Only (2) and (3)
e) None of the above
Answer: C)
Explanation: The objectives of the monetary policy of
India, as stated by RBI, are: maintaining price stability, controlled expansion
of bank credit, promotion of fixed investment, restriction of inventories and
stocks, promoting efficiency of the financial system, and reducing rigidity in
operations.
10. Basel-II norms are associated with which of the
following aspects of the banking industry?
a) Risk management
b) Manpower planning
c) Retirement benefits for the employees
d) Corporate Governance
e) None of the above
Answer: A)
Explanation: Basel II is a set of international banking
regulations put forth by the Basel Committee on Bank Supervision. It
established risk and capital management requirements to ensure that a bank has
adequate capital for the risk the bank exposes itself to through its lending,
investment and trading activities. It is intended to enhance the quality of
risk management and supervision.
11. When is the International Mother Language Day observed?
a) February 20
b) February 21
c) February 23
d) February 22
e) February 25
Answer: B)
Explanation: International Mother Language Day (IMLD) is a
worldwide annual observance held on 21 February to promote awareness of
linguistic and cultural diversity and multilingualism. First announced by
UNESCO on 17 November 1999, it was formally recognized by the United Nations
General Assembly in its resolution establishing 2008 as the International Year
of Languages. It was a social movement built on the spirit to defend the
rights to write in one's mother language.
12. Which of the following is the official currency of
Bermuda?
a) Bermudian
b) Bermuda Koram
c) Bermuda Dollar
d) Bermuda Peso
e) None of these
Answer: C)
Explanation: The Bermudian dollar (informally called the
Bermuda dollar) is the official currency of the British Overseas Territory of
Bermuda.
13. Which of the following countries have Capital 'Zagreb'?
a) Cuba
b) Czec Republic
c) Egypt
d) Netherland
e) None of the above
Answer: E)
Explanation: Croatia - Zagreb
Cuba - Havana
Czech Republic - Prague
Egypt - Cairo
Netherlands - Amsterdam
14. Hemis National Park is related to which state of India?
a) Jammu & Kashmir
b) Sikkim
c) Assam
d) Arunachal Pradesh
e) None of these
Answer: A)
Explanation: Hemis National Park is a high altitude
national park in the eastern Ladakh region of the state of Jammu and Kashmir in
India. World famous for being the best place to see the snow leopard in the
wild, it is believed to have the highest density of snow leopards of any
protected area in the world.
15. Rajiv Gandhi Wildlife Sanctuary is located in which
state?
a) Andhra Pradesh
b) Maharashtra
c) Himachal Pradesh
d) Haryana
e) None of these
Answer: A)
Explanation: Nagarjunsagar-Srisailam Tiger Reserve is the
largest tiger reserve in India. The reserve spreads over five districts,
Nalgonda District, Mahbubnagar district, Kurnool District, Prakasam District
and Guntur District. It was renamed as Rajiv Gandhi Wildlife Sanctuary in 1992.
