General Awareness Questions for IBPS Mains Exams – Day 7
1. Who was
the head of 7th Pay commission?
(a) Vinod Rai
(b) Sushil
Kumar
(c) A K Mathur
(d) Arun
Jaitley
Answer: C)
Explanation: Pay commissions are formed after
every 10 years to recommend hike in govt. employees salary. 7th PC submitted
its report to the government in December 2015, recommending 23.55 per cent
overall hike in pay. It came into effect from June 2016.
2. As per a
report published by Centre for Media Studies, ________ is the most corrupt
state in India.
(a) Karnataka
(b) Haryana
(c) Jharkhand
(d) Himachal
Pradesh
(e) Gujarat
Answer: A)
Explanation: Karnataka occupies the first slot
in a list of states perceived to be corrupt on the basis of people's experience
in paying bribes for public services. Karnataka is followed by Andhra Pradesh,
Tamil Nadu, Maharashtra, Jammu & Kashmir and Punjab. Himachal Pradesh,
Kerala and Chhattisgarh are least corrupt. The report was published by Centre
for Media Studies.
3. FATCA
compliance has been laid down by
(a) India
(b) France
(c) USA
(d) China
(e) Germany
Answer: C)
Explanation: The FATCA of USA makes it mandatory
for overseas financial institutions to give information about non-resident US
account holders or face withholding tax. Mutual fund investors, bank account
holders and insurance investors, cannot operate if they are not compliant with
FATCA.
4. Who was
crowned Miss Teen Universe 2017?
(a) Supriya
Aiman
(b) Lymaraina
D'Souza
(c) Rewati
Chetri
(d) Akanksha
Dhiman
(e) Srishti
Kaur
Answer: E)
Explanation: Srishti Kaur has been crowned Miss
Teen Universe 2017. In addition, she also bagged an award for the best national
costume. Her costume featured a peacock, the Indian national bird. Miss Teen
Universe pageant was started six years ago. The pageant is organized by the
Miss Universe organisation for teens aged 15 to 19.
5. Regional
Rural Banks were established in which year?
(a) 1968
(b) 1970
(c) 1975
(d) 1977
(e) None of the
above
Answer: C)
Explanation: Regional Rural Banks were first
established in the year 1975.
6. Shakti-IV
is a joint military exercise of India and
(a) Singapore
(b) Thailand
(c) Indonesia
(d) Italy
(e) Canada
Answer: C)
Explanation: India and Indonesia conducted their
Joint Military Exercise Shakti IV from March 10-23 inIndonesia.
7. ‘Sensitive
sector’ as defined by RBI include(s)
(a) Capital
market
(b) Real estate
(c) Commodities
(d) All of
these
(e) None of
these
Answer: D)
Explanation: Sensitive sector, as defined by the
Reserve Bank of India (RBI), includes capital market, real estate and
commodities. Public sector bank loan to sensitive sector has increased at a
dramatic rate compared to private sector bank
8. In which
month will "Water Day" be celebrated in India?
(a) April 19
(b) April 12
(c) April 13
(d) April 14
(e) April 15
Answer: D)
Explanation: Lauding the contribution of Dr. B R
Ambedkar in water resources management of the country Union Minister for Water
Resources, River Development and Ganga Rejuvenation Sushri Uma Bharti has
announced that his birth day 14th April will be celebrated as “Water Day”.
Underlining the role of water in different plans and schemes the Union Water
Resources Minister said there is a need to reform the water resources
management in the country and those who are misusing the water should be
punished.
9. Which of
the following organizations gave the license for the operation of Small and
Payment Banks?
(a) NABARD
(b) RBI
(c) SEBI
(d) SBI
(e) None of the
above
Answer: B)
Explanation: These banks are collectively known
as differentiated banks. RBI created a framework for licensing small banks
and other differentiated banks. Differentiated banks serving niche interests,
local area banks, payment banks etc. are contemplated to meet credit and
remittance needs of small businesses, unorganized sector, low income
households, farmers and migrant work force.
10. Which
institution provides long run finance to industries?
(a) UTI
(b) LIC
(c) GIC
(d) IDBI
(e) All of
these
Answer: D)
Explanation: IDBI Bank is an Indian government - owned
financial service company, formerly known as Industrial Development Bank of
India, headquartered in Mumbai, India. It was established in 1964 by an Act of
Parliament to provide credit and other financial facilities for the development
of the fledgling Indian industry.
11. Which
of the following are the instruments of Credit Control in the hands of the RBI?
I. Lowering or raising the discount and
interest rates.
II. Raising the minimum support price of
the major agro products.
III. Lowering or raising the minimum cash
reserves maintained by the commercial banks.
Select the
correct answer using the codes given below
(a) Only I
(b) Only II
(c) Only III
(d) Both I and
III
(e) Both II and
III
Answer: D)
Explanation: The following are the instrument of
credit control in the hands of RBI
- Lowering
or raising the discount and interest rates.
- Lowering
or raising the minimum cash reserves maintained by the commercial banks
12. As per
the 2011 census, which state of India has registered the highest increase in
population in percentage terms?
(a) Bihar
(b) Maharashtra
(c) Madhya
Pradesh
(d) Himachal
Pradesh
(e) Chhattisgarh
Answer: A)
Explanation: The decadal growth rate is a vital
part of Census operations. This gives an overview of the percentage of total
population growth in a particular decade. India showed a decadal growth rate of
17.64 % for 2011. The state of Bihar showed the highest decadal growth rate in
between the years 2001 to 2011 with an increase of 25.10% in population.
13. Foreign
funding for NGOs comes under which Act?
(a) FEMA
(b) FCRA
(c) FRBM
(d) ETA
(e) FAI
Answer: B)
Explanation: Foreign funding for NGOs comes
under the Foreign Contribution Regulation Act(FCRA). On April 20 the
government has barred an NGO from receiving foreign funding including from Bill
and Melinda Gates Foundation for alleged violation of the law. The home
ministry has cancelled the FCRA registration of Delhi-based Public Health
Foundation of India (PHFI). As per the government rules, an organisation that
intends to receive foreign funds has to register under the FCRA.
14. Which
state has become the first state to launch Automated Weather System?
(a) Gujarat
(b) Rajasthan
(c) Bihar
(d) Punjab
(e) Maharashtra
Answer: E)
Explanation: In Maharashtra, as an effective
measure towards understanding weather cycles and crop patterns that would
benefit farmers, Automated Weather Stations or AWS, will be set up.State has
collaborated with Skymet Weather Private Ltd, a private weather forecasting
firm, for the project Mahavedh under which a network of AWS will be
launched.2,065 such stations will come up in the state on PPP
15. Which
is not the official language of the United Nations(UN)?
(a) Arabic
(b) German
(c) Chinese
(d) Russian
(e) Spanish
Answer: B)
Explanation: The United Nations conducts its
business in six languages. The current official and working languages of the
United Nations are:
- Arabic
- Chinese
- English
- French
- Russian
- Spanish
