General Awareness
Questions for IBPS Mains Exams – Day 4
1. Cuba and ____________ have recently signed an
agreement to re-establish diplomatic ties after a time period of 37 years.
a) Spain
b) Morocco
c) Tunisia
d) Portugal
e) Algeria
Explanation: As per the statement released by
Cuban Foreign Ministry recently, Cuba and Morocco have together signed an
agreement to reestablish diplomatic ties after a gap of 37 years.
2. _______________ involves corporations,
financial institutions and private investors buying stakes or positions in
foreign companies that trade on a foreign stock exchange.
a) Foreign Indirect Investment
b) Portfolio Investment
c) NRI Investment
d) FDI
e) None of these
Answer: A)
Explanation: The purchase of shares and bonds of
Indian company by Foreign international Investors is called Foreign Indirect
Investment. Foreign direct investments (FDIs) are the physical investments and
purchases made by a company in a foreign country, typically by opening plants
and buying buildings, machines, factories and other equipment in the foreign
country.
3. The term ‘statement of financial position’ is
also known as:
a) Income and Expenditure Account
b) Receipt and Payment
c) Balance Sheet
d) Prospectus
e) None of these
Answer: C)
Explanation: The ‘statement of financial
position’ is also known as balance sheet. It is one of the
main financial statements and it reports an entity’s assets, liabilities and
the difference in their totals. The amounts reported on the statement of
financial position are the amounts as of the final moment of an accounting
period.
4. As per the prediction of International Monetary
Fund (IMF), the global economy would grow at __________ in 2017.
a) 3%
b) 3.1%
c) 3.3%
d) 3.5%
e) 3.55%
Answer: D)
Explanation: The International Monetary Fund (IMF)
has predicted that the global economy would grow at 3.5 percent in 2017, up
from 3.1 percent last year and 3.6 percent in 2018. The IMF expects the U.S.
economy to grow 2.3 per cent, up from 1.6 per cent in 2016; the 19-country
eurozone to expand 1.7 per cent, the same as last year; Japan to grow 1.2 per
cent, up from 1 per cent; and China to expand 6.6 per cent, down from 6.7 per
cent in 2016.
5. ________________ will be featured as a full
sport at the 2022 Asian Games.
a) Video Gaming
b) Car Racing
c) Street Fighting
d) Chess Playing
e) None of these
Answer: A)
Explanation: Computer gaming will be a medal sport
at the 2022 Asian Games after the Olympic Council of Asia (OCA) signed an
agreement with Alisports, the sports wing of Chinese e-commerce giants Alibaba.
6. Prior approval of RBI is required for opening:
a) Branch Office
b) Liaison Office
c) Project Office
d) All the above
e) None of these
Answer: D)
Explanation: As the per new norms of the Reserve
Bank of India, an applicant outside India for opening of a branch office,
liaison office or project office in India will need to take prior approval of
RBI in cases where the principal business of the applicant is in one the four
sectors Defence, Telecom, Private Security and Information and Broadcasting.
7. The Committee constituted under the
chairmanship of which person, has recently submitted its report to the
Government to strengthen border protection and address vulnerabilities in
fencing along the Indo-Pakistan border?
a) Radha Krishna Mathur
b) Nasim Zaidi
c) Madhkar Gupta
d) Nand Kumar Sai
e) None of these
Answer: C)
Explanation: The Committee constituted under the
Chairmanship of Shri Madhukar Gupta, has recently submitted its report to the
Government to strengthen border protection and address vulnerabilities in
fencing along the Indo-Pakistan border.
8. Mobile network operator company, Idea has
recently merged with Vodafone to create India’s largest, world’s 2nd largest
telecom company. In the combined entity, Vodafone will own what percent of
shares?
a) 45.1%
b) 45.2%
c) 45.3%
d) 45.4 %
e) 45.5%
Answer: A)
Explanation: Mobile network operator company, Idea
has recently merged with Vodafone to create India’s largest, world’s 2nd
largest telecom company. In
the combined entity, Vodafone will own 45.1 percent of shares.
9. Which of the following states has recently
launched the 'Gauvansh Chikitsa Mobile Vans' service?
a) Goa
b) Uttarakhand
c) Punjab
d) Uttar Pradesh
e) Madhya Pradesh
Answer: D)
Explanation: Uttar Pradesh Deputy Chief Minister
Keshav Prasad Maurya has recently launched the 'Gauvansh Chikitsa Mobile Vans'
service. The ambulance will rescue injured and ill cows and then take them to
'gau shalas' or a veterinary clinic for treatment.
10. Haji Abdul Salam, a renowned politician has
passed away recently. He was representing which of the following states in the
Rajya Sabha?
a) Goa
b) Manipur
c) Tamil Nadu
d) Punjab
e) Madhya Pradesh
Answer: B)
Explanation: Congress leader and Rajya Sabha
member Haji Abdul Salam passed away recently after following a brief illness.
He was 69 years of age.
11. The BSBDA accounts holders with a bank are
allowed a maximum of how many withdrawals, in month including ATM withdrawals?
a) Two
b) Three
c) Four
d) Five
e) Six
Answer: C)
Explanation: In Basic Savings Bank Deposit Account
(BSBDA), banks are required to provide free of charge maximum four withdrawals,
through ATMs and other mode including RTGS, NEFT, Clearing, Branch cash
withdrawal, transfer, internet debits, standing instructions, EMI etc It is
left to the banks to either offer free or charge for additional withdrawal/s.
12. Which of the following rivers in India is to
get world’s highest Railway Bridge?
a) Tapti
b) Ganga
c) Bhramaputra
d) Chenab
e) None of these
Answer: D)
Explanation: In around two years from now, the
Chenab River in Jammu and Kashmir will be spanned by the world’s highest
railway bridge that is expected to be 35 meters taller than the Eiffel Tower.
13. Commercial paper is an unsecured, short-term
debt instrument issued by a corporation, typically for the financing of
accounts receivable, inventories and meeting short-term liabilities. Maximum
period for which a commercial paper can be issued is:
a) 6 months
b) 3 months
c) 1 year
d) 1 year 6 months
e) 2 years
Answer: C)
Explanation: The maturity period of Commercial
paper in the Commercial Paper market ranges between minimum of 7 days and
maximum of 1 year from the date of issue.
14. The Indian Financial System Code (IFS Code) is
an alphanumeric code that uniquely identifies a bank branch. It consists of how
many alphanumeric characters?
a) 09
b) 10
c) 11
d) 07
e) 13
Answer: C)
Explanation: The Indian Financial System Code (IFS
Code or IFSC) is an alphanumeric code that facilitates electronic funds transfer
in India. A code uniquely identifies each bank branch participating in the two
main Payment and settlement systems in India: the Real Time Gross Settlement
(RTGS) and the National Electronic Fund Transfer (NEFT) systems. The IFSC is an
11-character code with the first four alphabetic characters representing the
bank name, and the last six characters (usually numeric, but can be alphabetic)
representing the branch. The fifth character is 0 (zero) and reserved for
future use. Bank IFS Code is used by the NEFT & RTGS systems to route the
messages to the destination banks/branches.
15. Which of the following countries has recently
made contribution of $250,000 to the UN programme for helping countries to hold
elections and develop their electoral systems?
a) China
b) India
c) Russia
d) Japan
e) None of these
Answer: B)
Explanation: India has recently made contribution
of $250,000 to the UN programme for helping countries to hold elections and
develop their electoral systems. Eenam Gambhir, a First Secretary in India’s
Mission to the UN, presented the cheque to Kyoko Shiotani, Chief of the Office
of the Under-Secretary-General at the UN Department of Political Affairs.
