General
Awareness Practice Questions for IBPS Mains Exams – Day 11
1. Central govt. bears what percentage of wage
cost of unskilled manual labor cost under MGNREGA?
(a) 60%
(b) 75%
(c) 100%
(d) 90%
Answer: C)
Explanation: The central government bears the 100
percent wage cost of unskilled manual labour and 75 percent of the material
cost including the wages of skilled and semi-skilled workers.
2. Who on August 31, 2017 was appointed
as new Union Home Secretary?
(a) Rajiv Mehrishi
(b) Ashish Mehra
(c) Jayaraman Chandrasekhar
(d) Rajiv Gauba
(e) None of the above
Answer: D)
Explanation: Senior IAS officer Rajiv Gauba took
charge as the new Union Home Secretary for a fixed two-year tenure. Gauba, who
succeeded Rajiv Mehrishi, is a 1982-batch IAS officer of the Jharkhand cadre.
Gauba served as Urban Development Secretary before being replaced by former
Additional secretary Durga Shanker Mishra during the bureaucratic reshuffle in
June. Gauba’s name was confirmed after government ordered a major bureaucratic
reshuffle involving appointment of secretaries in 16 ministries.
3. Which company is building and maintaining the
GST network for first five years?
(a) Flipkart
(b) TCS
(c) Wipro
(d) Infosys
(e) Reliance
Answer: D)
Explanation: India has awarded a contract worth
Rs. 1,380 crore to Infosys Ltd to build and maintain the technology network
crucial for implementing the proposed goods and services tax (GST) system
across the country for five years.
4. Balphakram National Park is located in which
state?
(a) Mizoram
(b) Meghalaya
(c) Manipur
(d) Assam
(e) Arunachal Pradesh
Answer: B)
Explanation: Balpakram National Park is a national
park ranging from under 200 to over 800 meters above sea level, near the Garo
Hills in Meghalaya, India. it is newest national park in india.
5. In Corporate Hedging, which one of the
following types of risks can be covered?
(a) Liquidity risk
(b) Currency risk
(c) Credit risk
(d) Transaction risk
(e) None of these
Answer: A)
Explanation: Corporate hedging covers liquidity
risk as it helps the firm to sail through price fluctuation and thus ensure
stability in the business. Hedging in general refers to reducing susceptibility
to risk and is widely used in share, commodity and currency market. In
addition, corporate hedging involves future contracts, where by parties involve
agree to transact business at a decided - rate and time, in future.
6. Credit Rating ________
(a) is used to rate the borrowers while
giving advances
(b) is used to work out performance of
the employees.
(c) is used to calculate the number of
excellent audit rated branches.
(d) is not used in any Bank
(e) is necessary before giving promotion
to employees
Answer: A)
Explanation: Credit rating is a yardstick to
ascertain the probability of a borrower to return the amount taken in the
stipulated time. It helps the lender to evaluate the default risk on the
advance given and accordingly arrive at an interest rate to be charged. Credit
rating, generally can be of three types - sovereign, corporate and short &
long term.
7. Which of the following initiative is/are taken
by the Government of India to boost the development of agriculture?
A) Accelerated Irrigation
Benefit Programme
B) Fertiliser Subsidy
Scheme
C) Public Distribution
System (PDS)
(a) Only A
(b) Only B
(c) Only C
(d) Only A and B
(e) All A, B and C
Answer: D)
Explanation: The Central Government launched the
Accelerated Irrigation Benefit Programme (AIBP) from 1996-97 for extending loan
assistance to states for the completion of near complete irrigation scheme. For
sustained agricultural growth and to promote balanced nutrient application, it
is imperative that fertilizers are made available to farmers at affordable
prices and for this the govt of India provides Fertiliser Subsidy to the
farmers.
8. As per the IMD's World Competitiveness
list, India ranks ______.
(a) 44th
(b) 43rd
(c) 42nd
(d) 40th
(e) 45th
Answer: E)
Explanation: India has been ranked 45th, down 4
notches from last year in IMD's World Competitiveness list.Hong Kong topped the
list while Switzerland and Singapore were ranked 2nd and 3rd respectively.USA
stood at 4th spot - Its lowest position in five years.As India slid, China
improved its position by seven places to 18th.Cyprus and Saudi Arabia made
their first appearance on the list this year.
9. What is the capital of Libya?
(a) Tripoli
(b) Tbilisi
(c) Bishkek
(d) Muscat
(e) None of these
Answer: A)
Explanation: Tripoli is the capital city and the
largest city of Libya. Tripoli, with its metropolitan area, has a population of
about 1.1 million people. The city is located in the northwestern part of Libya
on the edge of the desert, on a point of rocky land projecting into the
Mediterranean and forming a bay.
10. 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.
