General Awareness Questions for IBPS Mains Exams – Day 9
1. Where is
Insurance sector placed under GST slab rate?
(a) 0%
(b) 5%
(c) 12%
(d) 18%
Answer: D)
Explanation: With a hike in post-GST rates to
18% from the current 15%, the insurance sector is poised to get more expensive
after July 1, 2017. Impact of GST will increase the premiums especially for
families that pay for health, life and a car insurance.
2. The
recent demonetization was done by govt. under which section of RBI Act?
(a) Section 15
(b) Section 26
(c) Section
10
(d) Section 20
(e) Section 21
Answer: B)
Explanation: Demonetisation was earlier done in
1978 when the government demonetised Rs. 1000, Rs. 5000 and Rs. 10000 notes.
This was done under the High Denomination Bank Note (Demonetisation) Act, 1978.
The difference between 1978 and 2016 Demonetisation is that the currency in
circulation (of the higher denomination) is higher in 2016 than was in 1978.
The current demonetization has been done by government under section 26(2) of
the Reserve Bank of India Act.
3. What is
the component of Manufactured products in WPI?
(a) 50%
(b) 35%
(c) 65%
(d) 30%
(e) None of the
above
Answer: C)
Explanation: WPI
includes three components
1.
Manufactured products = 65% approx.
2.
Primary articles = 20% approx.
3.
Fuel and power = 15% approx
The
WPI basket includes 697 commodities in total- all of these are only goods and
whose prices are captured at the wholesale/producer level. The CPI considers
inflation at the retail end, while also including services.
4. The
govt. has notified an inflation target of ‘X’ till 2021 with an upper/lower
band of 2 percent?
(a) 5%
(b) 3%
(c) 4%
(d) 6%
(e) None of the
above
Answer: C)
Explanation: The government has notified an
inflation (Consumer Price Index) target of 4% till 2021 with an upper/lower
tolerance of 2 points.
5. Kristalina
Ivanova is associated with which agency?
(a) SBI
(b) IMF
(c) WTO
(d) World Bank
(e) NATO
Answer: D)
Explanation: Kristalina Ivanova is a Bulgarian
politician and the current chief executive officer of the World Bank. Until
2017, she was European Commissioner for Budget and Human Resources in the
college of the Juncker Commission.
6. Free
Charge has been bought recently by
(a) Flipkart
(b) AXIS Bank
(c) SBI
(d) Amazon
(e) Mobikwik
Answer: B)
Explanation: Axis Bank has announced that it has
agreed to buy mobile payments wallet provider FreeCharge from e-commerce
company Snapdeal for Rs 385 crore.
7. India
has recently purchased Guardian drones from which country?
(a) Germany
(b) Russia
(c) USA
(d) China
(e) Israel
Answer: C)
Explanation: The US has cleared the sale of 22
unmanned Guardian drones to India on 23rd of June 2017. The deal, estimated to
be worth $2 to $3 billion and has been approved by the State Department. The
sale of 22 predator drones are being manufactured by General Atomics and it
reform the US-India relations as it operationalises the status of “major
defence partner.”
8. eVIN app
has been developed by which of the following ministries?
(a) MSME
(b) Ministry of
Steel
(c) Ministry of
Finance
(d) Ministry of
Defence
(e) Ministry of
Health
Answer: D)
Explanation: Indigenously developed mobile
application for digitising vaccine logistics, eVIN, has won the prestigious
GSMA Asia Mobile Award 2017 (AMO) on 29th June 2017. It has won for outstanding
contribution to the UNs sustainable development goals in Asia. The Electronic
Vaccine Intelligence Network (eVIN) is an online real-time vaccine logistics
management system developed and implemented by the Ministry of Health and the
United Nations Development Programme (UNDP).
9. Vikram
Limaye has been appointed as the chief of
(a) NSE
(b) BSE
(c) SEBI
(d) IRDA
(e) None of the
above
Answer: A)
Explanation: Markets regulator SEBI has cleared
the appointment of Vikram Limaye. He is currently the MD of IDFC. He will be
the next MD & CEO of National Stock Exchange. The post of MD at NSE had
fallen vacant after Chitra Ramakrishna quit the exchange on December 2.
10. Which
of the following companies has bought the retail giant Whole Foods?
(a) Walmart
(b) Carrefour
(c) Flipkart
(d) Amazon
(e) None of the
above
Answer: D)
Explanation: Amazon is buying Whole Foods in a
deal valued at about $13.7 billion. Amazon already offers grocery-delivery
services in five markets, but the Whole Foods purchase would let it expand to
many more.
11. Sainj
Hydro Power Project has been commissioned in which state?
(a) Himachal
Pradesh
(b) Gujarat
(c) Tamil Nadu
(d) Maharashtra
(e) None of the
above
Answer: A)
Explanation: The first 50 MW unit of 100 MW
Sainj Hydro Power project of Himachal Pradesh Power Corporation Limited (HPPCL)
has commissioned with northern grid through Parvati-Kol Dam transmission line.
The impounding of water in the reservoir was started on February 2 this year
and the mechanical testing was done successfully on April 25. Sainj Hydro Power
Project has been constructed on Sainj River, a tributary of Beas River.
12. What is
the projected growth of World Economy in 2017 as per the World Bank?
(a) 1.5%
(b) 5%
(c) 2.7%
(d) 3.6%
(e) None of the
above
Answer: C)
Explanation: As per
World Bank's Global Economic Prospects (GEP) report released on June 4, 2017,
the global economy is expected to grow at 2.7% in 2017 and 2.9% in 2018.
13. Which
of the following banks is setting up 100 digital villages across the country?
(a) HDFC
Bank
(b) Canara Bank
(c) Vijaya Bank
(d) SBI
(e) PNB
Answer: C)
Explanation: Vijaya Bank
is set up to develop 100 digital villages in various States of the country. Its
aim is to promote digital banking among the rural population.
14. Which
country has become the first to contribute $100000 to UN Trust Fund for
International Cooperation in Tax Matters?
(a) USA
(b) India
(c) France
(d) Germany
(e) China
Answer: B)
Explanation: India has contributed $100,000 to
UN Trust Fund for International Cooperation in Tax Matters (UN Tax Fund) and
has thereby become the first country to make the contribution. The UN Tax Trust
Fund aims to support the work of the Committee of Experts on International
Cooperation in Tax Matters (the UN Tax Committee).
15. Tobe
Hooper who passed away on August 27, 2017 was a _______.
(a) Sportsperson
(b) Politician
(c) Businessman
(d) Scientist
(e) None of the
above
Answer: E)
Explanation: Tobe Hooper
was an American film director. He best known for his work in the horror
film genre. He rose to prominence after his 1974 fantasy thriller
"The Texas Chainsaw Massacre."He continued working in television and
film throughout the 1990s and 2000s.He made his directorial debut with the
movie, "Eggshells" in 1969.
