General
Awareness Practice Questions for IBPS Mains Exams – Day 12
1. ______
on September 10, 2017 allowed OTP for opening online insurance account.
(a) RBI
(b) SEBI
(c) IRDA
(d) RoC
Answer: C)
Explanation: Regulator Irdai has permitted usage
of OTP or one time password for opening e-insurance account (eIA) as an
alternative to electronic signature. As part of its ongoing effort to improve
insurance penetration, the Insurance Regulatory and Development Authority of
India (Irdai) has also permitted e-KYC facility offered by UIDAI which provides
the unique Aadhaar numbers.
2. ‘Charting the Course for the Next 25 years’,
this was the theme for
(a) G-20 Summit 2017
(b) BRICS Summit 2017
(c) SAARC Summit 2017
(d) World Economic Forum 2017
(e) None of the above
Answer: E)
Explanation: External Affairs Minister Sushma
Swaraj has inaugurated the 9th edition of Delhi Dialogue on 4th of July 2017.
The theme for Delhi Dialogue 9 is India-ASEAN relations: Charting the Course
for the Next 25 Years.
3. Which company has acquired Yahoo Inc.?
(a) Verizon
(b) Acer
(c) Micrososft
(d) IBM
(e) Xerox
Answer: A)
Explanation: Verizon has completed its $4.48
billion acquisition of Yahoo's core internet business and said that Marissa
Mayer is stepping down. The assets, which include Yahoo Finance, will be
combined with AOL brands such as the Huffington Post under a new subsidiary
called Oath.
4. Who won the 2017 Sickle Cell Advocate of
the Year award?
(a) Haribar Bipra
(b) Mulji Jagmal Sawaria
(c) Sudam Kate
(d) K. C. Venugopal
(e) None of the above
Answer: C)
Explanation: Sickle Cell 101, an organisation that
specialises in Sickle Cell education has honoured Dr Sudam Kate for his
extraordinary work in sickle cell screening and research with prestigious
Sickle Cell Advocate of the Year award.
5. Who launched a portal on weather
information that will help discoms manage power distribution accordingly?
(a) Arun Jaitley
(b) Piyush Goyal
(c) Manohar Parrikar
(d) Ravi Shankar Prasad
(e) Nitin Gadkari
Answer: B)
Explanation: Union Minister, Piyush Goyal launched
a portal on weather information that will help discoms manage power
distribution. The Portal has been launched in association with POSOCO and IMD.
It will help in better planning for infrastructure availability to ensure cost
effective and reliable supply.
6. A short-term government security paper is
called?
(a) Treasury Bill
(b) Share
(c) Debenture
(d) Mutual Fund
(e) None of these
Answer: A)
Explanation: Treasury bills are instrument of
short-term borrowing by the Government of India, issued as promissory
notes under discount. The interest received on them is the discount, which is
the difference between the price at which they are issued and their redemption
value.
7. Non-Banking Financial Institutions comprise of
(a) Development Finance Institutions
(DFIs)
(b) Insurance Companies
(c) Non-Banking Financial Companies
(NBFCs), Primary Dealers (PDs) and capital market intermediaries, e.g. mutual
funds.
(d) All of the above
(e) None of these
Answer: D)
Explanation: A Non-banking financial
institution (NBFI) is a financial institution that does not have
a full banking license or is not supervised by a national or
international banking regulatory agency. NBFCS, PDS and capital market,
DFIs, and Insurance companies are Non-Banking Financial Institutions.
8. The Industrial Finance Corporation of India
Provides loans to ________?
(a) Industries in public sector only
(b) Industries set up for export
promotion
(c) Joint-stock companies in the public
or private or joint sector or co-operative sector
(d) All of the above
(e) None of these
Answer: C)
Explanation: The IFCI is authorized to advance
long and medium term finance only to those companies which are engaged in
manufacturing, mining, shipping and generation and distribution of electricity.
9. Who is heading the GST Council panel formed to
select National Anti-profiteering Authority?
(a) CK Khanna
(b) Pradeep Kumar Sinha
(c) Krishnaswamy Kasturirangan
(d) Madhav Chitale
(e) None of the above
Answer: B)
Explanation: The Goods and Service Tax (GST) has
formed a selection committee headed by the Cabinet Secretary Pradeep Kumar
Sinha to identify and recommend eligible persons for appointment as the
chairman and members of the National Anti-profiteering Authority.
10. As per a report by the NGO, Child Rights and
You (CRY) which state has the highest number of child labourers?
(a) Maharashtra
(b) Bihar
(c) Rajasthan
(d) Uttar Pradesh
(e) Tamil Nadu
Answer: D)
Explanation: According to CRY's Report, more than
8 lakh children between the age group of 5 and 6 years in India are engaged in
child labour. Uttar Pradesh has the highest number of 2,50,672 children engaged
in labour, followed by Bihar and Maharashtra.
