GA Revision for Banking and Other Exams – 1057

1. In August 2021, which state government signed an MoU with Invest India of the Ministry of Commerce and Industry to boost trade and industries in the state?
   A) Meghalaya
   B) Arunachal Pradesh
   C) Assam
   D) Tripura
   
   View Answer

   Option A
   Explanation: Meghalaya State Investment Promotion Society (MSIP) signed an MoU with Invest India of the Ministry of Commerce and Industry to boost trade and industries in the state.
2. Who launched the Initiative for the Resilient Island States (IRIS) for developing infrastructure of small island nations?
   A) Joe Biden
   B) Narendra Modi
   C) Nitin Gadkari
   D) Boris Johnson
   
   View Answer

   Option B
   Explanation: Prime Minister Narendra Modi launched the Initiative for the Resilient Island States (IRIS) for developing infrastructure of small island nations, saying it gives a new hope, a new confidence and satisfaction of doing something for the most vulnerable countries.
3. The information regarding UFCE of individual borrowers shall be reported on a quarterly basis to all the four CICs by the lending bank. What does U stands for in UFCE?
   A) Undertaking
   B) Underlying
   C) Unified
   D) Unhedged
   
   View Answer

   Option D
   Explanation: Unhedged Foreign Currency Exposures (UFCE).
4. In October 2021, Which country is set to host its largest naval exercise, Ex Milan?
   A) USA
   B) France
   C) India
   D) UAE
   
   View Answer

   Option C
   Explanation: India is set to host its largest naval exercise, Ex Milan, early next year for which 46 countrieshave been invited, a senior defence official said.
5. Which state/UT became the first state in the country to provide 1% reservation for the ‘transgender’ community in all the government services?
   A) Delhi
   B) Maharashtra
   C) Karnataka
   D) Haryana
   
   View Answer

   Option C
   Explanation: Karnataka has become the first state in the country to provide one per cent reservation for the ‘transgender’ community in all the government services.
6. Hastinapur Wild Life Sanctuary is located in which state?
   A) Maharashtra
   B) Rajasthan
   C) Bihar
   D) Uttar Pradesh
   
   View Answer

   Option D
   Explanation:
7. Where did the Union Minister for Civil Aviation Jyotiraditya Scindia launched the Medicines from the Sky project to send medicines to Primary Health Care Centres using drones?
   A) Telangana
   B) Goa
   C) Odisha
   D) Karnataka
   
   View Answer

   Option A
   Explanation: Union Minister for Civil Aviation Jyotiraditya Scindia has launched the Medicines from the Sky project to send medicines to Primary Health Care Centres using drones. The project was launched at Vikarabad in Telangana.
8. Which state government launched Go to Village 2.0?
   A) Nagaland
   B) Tripura
   C) Assam
   D) Manipur
   
   View Answer

   Option D
   Explanation: In Manipur, the State Government revived its initiative to deliver governance at doorstep and bring inclusive development in the state with launching the Go to Village 2.0 in Thoubal district.
9. Who launched the Indian Space Association (ISpA), an industry body of government and private companies which aims to supplement the Centre’s efforts in commercial space exploration and space-based communication?
   A) K Sivan
   B) Amit shah
   C) Narendra Modi
   D) Jyotiaditya Scindia
   
   View Answer

   Option C
   Explanation: Prime Minister Narendra Modi launched the Indian Space Association (ISpA), an industry body of government and private companies which aims to supplement the Centre’s efforts in commercial space exploration and space-based communication.
10. To open more Ayush colleges in the country, the government increased the financial support from 9 crores to what amount?
    A) Rs. 22 Crore
    B) Rs. 70 Crore
    C) Rs. 75 Crore
    D) Rs. 68 Crore
    
    View Answer

    Option B
    Explanation: Union Minister Sarbananda Sonowal has said that the government has increased the financial support from nine crore to 70 crore rupees to ensure more Ayush colleges are opened across the country.
11. Who secured India’s first medal at the ongoing AIBA Men’s World Championships 2021?
    A) Ranjan Agnihotri
    B) Dheeraj Chaturvedi
    C) Manu Sharma
    D) Akash Kumar
    
    View Answer

    Option D
    Explanation: Hardened by the difficult circumstances of his personal life, young boxer Akash Kumar (54kg) secured India’s first medal at the ongoing AIBA Men’s World Championships by advancing to the semifinals with a superb win over former Olympic silver-medallist Yoel Finol Rivas of Venezuela.
12. Which state government launched ‘Desh Ke Mentor’ Programme for career guidance?
    A) Delhi
    B) Uttar Pradesh
    C) Maharashtra
    D) Kerala
    
    View Answer

    Option A
    Explanation: Chief Minister Arvind Kejriwal launched a programme under which students of Delhi government schools will be provided guidance on career choices by citizens who are successful in their respective fields.
13. Where is the headquarters of Advertising Standards Council of India situated?
    A) Pune
    B) Jaipur
    C) Gurugram
    D) Mumbai
    
    View Answer

    Option D
    Explanation:
14. Indian Government in partnership with which country launched ‘Centre of Excellence on Offshore Wind’ as part of Green Strategic Partnership?
    A) UK
    B) Netherlands
    C) Denmark
    D) Italy
    
    View Answer

    Option C
    Explanation: India, Denmark jointly launch ‘Centre of Excellence on Offshore Wind’ as part of Green Strategic Partnership.
15. What is the metric that measures whether or not a firm has enough resources to meet its short-term obligations known as?
    A) Acid test ratio
    B) Current ratio
    C) Overtrading
    D) Financial accounting
    
    View Answer

    Option B
    Explanation: The current ratio is called “current” because, unlike some other liquidity ratios, it incorporates all current assets and liabilities.
    The current ratio is also known as the working capital ratio.
    Current Ratio = Current Assets / Current Liabilities

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