General Awareness Questions for IBPS Mains Exams – Day 6
1. The Fund
of Fund for Start-ups (FFS) is being managed and operated by ________.
(a) SEBI
(b) SIDBI
(c) IRDAI
(d) RBI
Answer: B)
Explanation: FFS is being managed and operated
by SIDBI. The government decided to tweak the Fund of Funds (FFS) of startups
to enable greater flow of resources. It had set up the fund with an initial
corpus of Rs 1,000 crore but the tough rules had made disbursals difficult. As
a result, the cabinet as now decided to allow Alternate Investment Funds (AIFs)
supported by FFS to invest at least twice the amount of contribution received
from FFS in qualified startups.
2. The
instruments of capital markets are
(a) Bonds
(b) Debentures
(c) Shares
(d) All of the
above
(e) None of the
above
Answer: D)
Explanation: Capital Market are institutional
arrangements for facilitating the borrowing and lending of long-term funds.
Usually, stress is laid on the markets for long-term debt and equity claims,
government securities, bonds, mortgages, and other instruments of long-term
debts. This capital market encircles the system through which the public takes
up long-term securities, either directly or through intermediaries.
3. The term
‘Twin deficit’ in an economy means-
(a) High budget
deficit and high fiscal deficit.
(b) High
current account deficit and high capital account deficit.
(c) High
capital account deficit and high fiscal deficit.
(d) High
current account deficit and high fiscal deficit.
(e) Loss in
foreign reserve
Answer: D)
Explanation: Twin deficit basically refers to a
situation where the country runs relatively large current account and fiscal
deficits.
4. Who won
the 2017 Goldman Environmental Prize?
(a) Prafulla
Samantara
(b) Bibhuprasad
Mohapatra
(c) Satya
Narayan Bohidar
(d) Adikanda
Mahanta
(e) Keshab
Chandra Dash
Answer: A)
Explanation: Prafulla Samantara, the face of
people’s resistance against Vedanta’s plan to mine bauxite from Niyamgiri hills
in Odisha, has been honoured with this year’s Goldman Environmental Prize.The
prize, also known as Green Nobel prize, was announced in San Francisco on April
24.Samantara is only the sixth Indian to win the prize.
5. The
world’s First International Zip Line connects Spain and ______.
(a) Portugal
(b) France
(c) Germany
(d) Italy
(e) Switzerland
Answer: A)
Explanation: In a first of its kind development
of a cross-border zip line in the world, a an international zip line named as
Limite Zero has been created to connect Spain and Portugal. The 2,362-foot-long
zipline will connect Sanlucar de Guadiana, in Andalucia, Spain, to Alcoutim, in
Algarve, Portugal whose time zone is an hour behind than that of Spain.
6. Which
cricket association, lost its permanent voting status due to changes made in
the constitution of the BCCI?
(a) Bihar
(b) Delhi
(c) Goa
(d) Kerala
(e) Mumbai
Answer: E)
Explanation: Mumbai has lost its permanent
voting status as per the new constitution of the Indian Cricket Board finalized
by the Committee of Administrators (COA) appointed by the Supreme Court of
India.
7. The RBI
has proposed to limit the amount stored in pre-paid payment instruments
(PPIs) to Rs. ________ lakh.
(a) 1.5
(b) 1
(c) 2
(d) 2.5
(e) 3
Answer: B)
Explanation: The Reserve Bank of India (RBI) has
proposed to fix the upper limit of amount stored in pre-paid payment
instruments (PPIs), including smart cards and mobile wallets, at Rs 1 lakh in
view of growing usage of PPIs for purchase of goods and services. According to
the RBI’s new draft norms for PPIs, amount in a PPI should not exceed Rs 1 lakh
at any point of time if the customer provides full KYC and Rs 20,000 if the
customer provides minimum KYC details to the PPI issuing entity.
8. Which
state has become the first state to shift to Jan-Dec financial year?
(a) Uttar
Pradesh
(b) Tripura
(c) Gujarat
(d) Madhya
Pradesh
(e) Delhi
Answer: D)
Explanation: Madhya Pradesh has become the first
state to switch to the Jan-Dec financial year from the existing April-March
cycle.The move breaks a 150-year tradition as India started adopting the
April-March financial year from 1867.The central govt had constituted a
high-level committee under former CEA Shanker Acharya to examine “desirability
and feasibility” of having a new financial year.
9. Dong is
a currency of which country?
(a) Thailand
(b) Zimbabwe
(c) Turkey
(d) Philippines
(e) None of the
above
Answer: E)
Explanation: The dong has been the currency of
Vietnam since May 3, 1978. Issued by the State Bank of Vietnam, it is
represented by the symbol "₫".
10. Who won
the 2016 Dadasaheb Phalke Award?
(a) Manoj Kumar
(b) Kasinathuni
Viswanath
(c) Soumitra
Chatterjee
(d) V. K.
Murthy
(e) Adoor
Gopalakrishnan
Answer: B)
Explanation: Renowned filmmaker and actor
Kasinadhuni Viswanath, best known for his award-winning movies in Telugu, Tamil
and Hindi, has won the Dadasaheb Phalke award for the year 2016.He will be the
48th recipient of the award, the highest recognition in Indian cinema, which
consists of a golden lotus, a cash prize of ₹10 lakh and a shawl.
11. Yusra
Mardini who has been appointed as the UNHCR Goodwill Ambassador, is
originally from which country?
(a) Iraq
(b) Jordan
(c) Saudi
Arabia
(d) Syria
(e) Egypt
Answer: D)
Explanation: UNHCR, the UN Refugee Agency,
announced the appointment of Syrian refugee and Olympic athlete Yusra Mardini
as a Goodwill Ambassador. Since her selection for the Rio 2016 Olympic Games,
Mardini has worked closely with UNHCR, highlighting with her own inspiring
performances the first-ever Refugee Olympic Team and the wider global refugee
crisis. Yusra studies full time in Germany.
12. Recently
introduced mental health bill decriminalises which of the following?
(a) Culpable
homicide by a mentally ill person
(b) Kidnap by a
mentally ill person
(c) Attempt to
commit suicide by a mentally ill person
(d) Rape
committed by a mentally ill person
(e) All of the
above
Answer: C)
Explanation: Attempts to commit suicide by a
mentally ill person will not be punishable under a new law that has got assent
from President. The law also prohibits use of electro-convulsive therapy,
referred to as shock therapy, without the use of muscle relaxants and anaesthesia
on a patient. The new law has been enacted to align with a United Nations
Convention on Rights of Persons with Disabilities.
13. Scientists
from the University of Kerala have discovered a new species of tree dwelling
crabs. They have been given the name ________.
(a) Kani
maranjandu
(b) Aratus
pisonii
(c) Cardisoma
guanhumi
(d) Discoplax
hirtipes
(e) Coenobita
compressus
Answer: A)
Explanation: A new species of tree crabs named
Kani maranjandu after the Kani tribe in Kerala. The characteristic traits
of the crab include the structure of its hard upper shell, its male abdominal
structure and reproductive parts and diagnostic elongated walking legs, which
no other genus has. The finding was published in The Journal of Crustacean
Biology.
14. Who is
the author of the book, “Indian Railway- The weaving of a National Tapestry”?
(a) Suresh
Prabhakar
(b) Sanjay
Chadha
(c) Vinay Mehta
(d) Avinash
Patil
(e) None of the
above
Answer: B)
Explanation: “Indian Railway- The weaving of a
National Tapestry” is jointly authored by Shri Bibek Debroy (Member, NITI
Aayog) Shri Sanjay Chadha (Joint Secretary, Ministry of Commerce) & Ms.
Vidya Krishnamurthi. The theme of this book is the historical development of
railways in India, organized into chapters dealing with different periods of
development in chronological order.
15. Which
country will host the 2017 World Women's Youth Boxing Championship?
(a) Finland
(b) Denmark
(c) India
(d) Namibia
(e) Australia
Answer: C)
Explanation: India will host the World Women's
Youth Boxing Championship in November this year, the first major international
event to be held in the country since 2010. In 2010, India had hosted the
Commonwealth Championships followed by the Commonwealth Games. The country has
not hosted a major boxing event since then, primarily because of the
administrative turmoil that gripped the sport in 2012.
