GA Revision for All Banking And Other Exams – 954

  1. Which city’s sovereign wealth fund (SWF) is first notified fund to get 100% income-tax exemption in India?
    A) Jerusalem
    B) Muscat
    C) Abu Dhabi
    D) Dubai
    View Answer
    Option C
    Explanation:
    In line with the Budget announcement, the government has allowed income-tax exemption to Abu Dhabi’s sovereign wealth fund (SWF), MIC Redwood 1 RSC, for making long-term investments in India in specified priority sectors of infrastructure. It is the first foreign SWF to get 100 per cent tax exemption.

  2. Where is the HQ of Data Security Council of India situated?
    A) Pune
    B) Noida
    C) Bangalore
    D) Hyderabad
    View Answer
    Option B
    Explanation:
    Chairman – Rajendra S Pawar, CEO – Rama Vedashree

  3. Which state is poised to feature on country’s aviation map with a greenfield airport coming in one of its districts?
    A) Arunachal Pradesh
    B) Tripura
    C) Meghalaya
    D) Sikkim
    View Answer
    Option A
    Explanation:
    Arunachal Pradesh is poised to feature on country’s aviation map with a greenfield airport at Hollongi. With estimated cost of 650 crore rupees, the project includes the development work, construction of airport pavements, air side work, terminal Building and city side works.

  4. Which of the following is not a valid tenor of T-bills in India?
    A) 91 days
    B) 182 days
    C) 364 days
    D) 45 days
    View Answer
    Option D

  5. The world’s largest pink diamond mine in Australia named what has stopped production?
    A) Aikhal Mine
    B) Orapa Mine
    C) Argyle Mine
    D) Catoca Mine
    View Answer
    Option C
    Explanation:
    The world’s largest pink diamond mine has shut its doors after exhausting its reserves of the expensive gems, global mining giant Rio Tinto said.
    The Argyle mine, in the remote Kimberley region of Western Australia, churned out more than 90% of the world’s pink diamonds – sought after for their incredible rarity.

  6. Finance Minister Nirmala Sitharaman announced a special festival advance of how much amount to all government employees there by announcing Leave Travel Concession (LTC) cash voucher scheme?
    A) Rs 25,000
    B) Rs 15,000
    C) Rs 20,000
    D) Rs 10,000
    View Answer
    Option D
    Explanation:
    Finance Minister Nirmala Sitharaman announced a Leave Travel Concession (LTC) cash voucher scheme and a special festival advance of Rs 10,000 to all government employees to increase consumer spending.

  7. Which bank launched SmartHub Merchant Solutions 3.0, India’s first comprehensive banking and payment solution for merchants?
    A) ICICI Bank
    B) HDFC Bank
    C) Axis Bank
    D) Yes Bank
    View Answer
    Option B
    Explanation:
    The private sector lender, HDFC Bank announced the launch of SmartHub Merchant Solutions 3.0, India’s first comprehensive banking and payment solution for merchants.

  8. Where did Prime minister Narendra Modi launched ‘Har Ghar Nal Yojna’ (tap water to every household)?
    A) Prayagraj
    B) Aligarh
    C) Sonbhadra
    D) Gorakhpur
    View Answer
    Option C
    Explanation:
    Prime minister Narendra Modi launched ‘Har Ghar Nal Yojna’ (tap water to every household), for Sonbhadra and Mirzapur in Vindhya region of Uttar Pradesh via video conference.

  9. Which fintech company launched Payout Links for businesses, enabling them to instantly process payouts to customers, employees and vendors, without collecting their bank details?
    A) PhonePe
    B) Paytm
    C) MobiKwik
    D) Freecharge
    View Answer
    Option B
    Explanation:
    Paytm has launched Payout Links for businesses, enabling them to instantly process payouts to customers, employees and vendors, without collecting their bank details.

  10. World day for International Justice is observed on___?
    A) 17 July
    B) 15 july
    C) 11 July
    D) 23 July
    View Answer
    Option A

  11. Haveri Railway Station situated where has been renamed after the freedom fighter Mailara Mahadevappa?
    A) Tamil Nadu
    B) Maharashtra
    C) Odisha
    D) Karnataka
    View Answer
    Option D
    Explanation:
    The Karnataka government notified the naming of Haveri Railway Station after the freedom fighter Mailara Mahadevappa. Following a request by the state government, the union home ministry has approved the name change of the railway station.

  12. Which insurance company partnered with PayBima, the digital arm of Mahindra Insurance Brokers Ltd., as a Broker to distribute its industry-leading life insurance solutions?
    A) Tata AIA Life Insurance
    B) PNB MetLife India Insurance
    C) ICICI Prudential Life Insurance
    D) Bajaj Allianz Life Insurance
    View Answer
    Option A
    Explanation:
    Tata AIA Life Insurance (Tata AIA Life), one of India’s leading providers of Pure Protection Solutions, announced that it has partnered with PayBima, the digital arm of Mahindra Insurance Brokers Ltd., as a Broker to distribute its industry-leading life insurance solutions.

  13. When the word Bearer is cancelled on a cheque the cheque becomes ______ cheque.
    A) Semi Bearer
    B) Stale
    C) Hidden
    D) Order
    View Answer
    Option D
    Explanation:
    Order Cheque is a cheque whereby the printed word Bearer on the cheque is cancelled.

  14. Which state launched “Abhayam” mobile phone application which helps women and children travelling in taxis and autorickshaws to raise an alarm in case of any emergency?
    A) Madhya Pradesh
    B) Andhra Pradesh
    C) Goa
    D) Odisha
    View Answer
    Option B
    Explanation:
    Chief Minister Y.S. Jagan Mohan Reddy launched “Abhayam” mobile phone application which helps women and children travelling in taxis and autorickshaws to raise an alarm in case of any emergency.

  15. Where was the 4-day second World Health Expo held?
    A) Hubei
    B) Beijing
    C) Wuhan
    D) Jingzhou
    View Answer
    Option C
    Explanation:
    The 4-day second World Health Expo was inaugurated in Wuhan, the capital city of Central China’s Hubei Province.

  16. Which of the following Secretary flagged off the first Varunastra, the heavy weight torpedo, which was delivered to the Indian Navy, at a ceremony held at BDL, Visakhapatnam unit?
    A) ISRO
    B) CSIR
    C) CDRI
    D) DRDO
    View Answer
    Option D
    Explanation:
    Secretary, Department of Defence R&D and Chairman, DRDO, G. Satheesh Reddy, flagged off the first Varunastra, the heavy weight torpedo, which was delivered to the Indian Navy, at a ceremony held at BDL, Visakhapatnam unit.

  17. What is the rank of India among 200 countries with respect to Body Mass Index (BMI) as per a global analysis of data spanning 34 years, according to the international medical journal ‘The Lancet’ led by Imperial College London?
    A) 182nd
    B) 188th
    C) 193rd
    D) 196th
    View Answer
    Option D
    Explanation:
    India has been ranked 196th among 200 countries with respect to Body Mass Index (BMI) as per a global analysis of data spanning 34 years, according to the review published in the international medical journal ‘The Lancet’ led by Imperial College London.
    Nineteen-year-old Indian boys and girls have a BMI of 20.1, whereas China that ranks 88th for its boys who have a BMI of 23 and 119th for its girls at 22.2. A normal BMI range is between 20 and 25.

  18. What is tagline of Life Insurance Corporation of India (LIC)?
    A) Karo Jyada ka Iraada
    B) Jiyo Befikar
    C) Sar utha ke jiyo
    D) Yogakshemam Vahamyaha
    View Answer
    Option D
    Explanation:
    HQ – Mumbai

  19. Which country launched its ‘Chang’e-5 lunar probe’ to collect samples from the moon’s surface and return to earth?
    A) China
    B) Russia
    C) Japan
    D) Italy
    View Answer
    Option A
    Explanation:
    China successfully launched its first unmanned space mission ‘Chang’e-5 lunar probe’ to collect samples from the moon’s surface and return to earth, the country’s maiden attempt to retrieve materials from an extra-terrestrial body.

  20. The promoter’s minimum initial contribution to the paid-up equity capital of payments bank shall at least be ____ per cent for the first five years from the commencement of its business.
    A) 20%
    B) 30%
    C) 40%
    D) 50%
    View Answer
    Option C
    Explanation:
    The promoter’s minimum initial contribution to the paid-up equity capital of such payment bank shall at least be 40 per cent for the first five years from the commencement of its business.

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