GA Revision for Banking and Other Exams – 1036

  1. In July 2021, the National Commodity Derivatives Exchange (NCDEX) launched two agriculture-focused commodity indices named NCDEX Soydex and what?
    A) NCDEX Cornex
    B) NCDEX Wheatex
    C) NCDEX Guarex
    D) NCDEX Barlex
    View Answer
    Option C
    Explanation:
    The National Commodity Derivatives Exchange (NCDEX) has launched two agriculture-focused commodity indices NCDEX Guarex and NCDEX Soydex.
    Guarex will track price movement in Guar Seed and Guar Gum Refined Splits. Soydex for Soybean and Refined Soy Oil.
  2. Where is the 7 new Ekalavya Vidyalayas going to set up?
    A) Assam
    B) West Bengal
    C) Odisha
    D) Nagaland
    View Answer
    Option A
    Explanation:
    The Centre has decided to set up 7 new Ekalavya Vidyalayas in Assam. Assam Chief Minister Himanta Biswa Sarma said this after a meeting with Union Tribal Affairs minister Arjun Munda in Guwahati. Mr. Munda also presented the Van Dhan Award 2020-2021 to Chief Minister Himanta Biswa Sarma.
  3. Who regulates Venture Capital Fund Company in India?
    A) IRDAI
    B) Ministry of Finance
    C) SEBI
    D) RBI
    View Answer
    Option C
    Explanation:
    Securities and Exchange Board of India (SEBI)
  4. The Reserve Bank of India canceled the license of Karnala Nagari Sahakari Bank Limited. Where is this bank based?
    A) Kharghar
    B) Ratnagiri
    C) Alibag
    D) Raigad
    View Answer
    Option D
    Explanation:
    The Reserve Bank has canceled the license of Raigad based Karnala Nagari Sahakari Bank Limited in Maharashtra. RBI said the bank has been directed to cease all its operations from 13th August.
  5. In August 2021, Asian Development Bank (ADB) allocated over Rs 831 crore (USD 112 million) loan to finance water supply infrastructure in which state?
    A) Odisha
    B) West Bengal
    C) Jharkhand
    D) Bihar
    View Answer
    Option C
    Explanation:
    Multilateral funding agency Asian Development Bank (ADB) has okayed an over Rs 831 crore (USD 112 million) loan to finance water supply infrastructure in Jharkhand.
  6. Where is North Eastern Development Finance Corporation Ltd. situated?
    A) Guwahati, Assam
    B) Shillong, Meghalaya
    C) Gangtok, Sikkim
    D) Kohima, Nagaland
    View Answer
    Option A
  7. India signed an agreement with which country on the recruitment of Indian citizens to work in that European country?
    A) Ethiopia
    B) Portugal
    C) Fiji
    D) Maldives
    View Answer
    Option B
    Explanation:
    The Union Cabinet approved the signing of an agreement between India and Portugal on the recruitment of Indian citizens to work in that European country.
  8. Which bank unveiled a mega Brand Campaign titled ‘BADLAAV Humse Hai’?
    A) Jio Payments Bank
    B) IndusInd Bank
    C) Karnataka Bank
    D) AU Small Finance Bank
    View Answer
    Option D
    Explanation:
    AU Small Finance Bank has unveiled a mega Brand Campaign, aptly titled ‘BADLAAV Humse Hai’. This is the first integrated marketing communication campaign from AU Bank since its inception – a creative endeavor that will showcase the bank’s passion for innovation.
  9. Bhitarkanika National Park is in which state?
    A) Kerala
    B) Odisha
    C) Gujarat
    D) Madhya Pradesh
    View Answer
    Option B
  10. Paras Khadka who announced his retirement from international cricket hails from which country?
    A) Sri Lanka
    B) Pakistan
    C) Nepal
    D) Bangladesh
    View Answer
    Option C
    Explanation:
    Former Nepal cricket team captain Paras Khadka announced retirement from international cricket.
  11. Which e-commerce company tied up with Kuvera to offer wealth management services to 50 million customers in India?
    A) Amazon
    B) Nykaa
    C) Snapdeal
    D) Flipkart
    View Answer
    Option A
    Explanation:
    Global retail giant Amazon will offer wealth management services in India, a first for one of the world’s most valued companies. Its wholly owned subsidiary Amazon Pay has tied up with homegrown investment advisory services startup Kuvera to offer wealth management services to 50 million customers in India.
  12. What does the First 4 characters of a SWIFT code represent?
    A) Country Code
    B) Branch Code
    C) Bank Code
    D) Location Code
    View Answer
    Option C
    Explanation:
    SWIFT codes can be from 8 to 11 characters in length. It’s structured as follows:
    • The first four characters identify the particular institution or bank to which the transfer will be made
    • The next two characters specify the country
    • The following two identify the location – usually the city
    • The final three characters are usually numerical and indicate a particular branch or office
    When the final three characters are not included, the transfer goes to the head office or branch.
  13. In August 2021, the Export-Import Bank of India (Exim Bank) has entered into an agreement for USD 100 million line of credit to which country for procurement of defence items from India?
    A) Mauritius
    B) Bhutan
    C) Sri Lanka
    D) Indonesia
    View Answer
    Option A
    Explanation:
    The Export-Import Bank of India (Exim Bank) has entered into an agreement for USD 100 million line of credit to Mauritius for procurement of defence items from India, the RBI said in a release.
  14. The US Men’s National Team defeated which country to win 2021 Concacaf Gold Cup?
    A) Brazil
    B) Mexico
    C) Argentina
    D) Spain
    View Answer
    Option B
    Explanation:
    In football, the U.S. Men’s National Team defeated Mexico 1-0 in extra time, to be crowned champion of the 2021 Concacaf Gold Cup. This is the seventh Gold Cup title for the USA.
  15. Azim Premji is the owner of which Indian multinational corporation?
    A) Aditya Birla Group
    B) Dabur
    C) Wipro
    D) Bharti Enterprises
    View Answer
    Option C
    Explanation:
    CEO – Thierry Delaporte, Founded – 1945, India, Headquarters – Bengaluru, Founder – M.H. Hasham Premji

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