GA Revision for LIC and NHB – 471

GA Revision Questions for LIC and NHB and other exams.

  1. Recently Finance Minister V Vishwanatha Menon passed away.He was the former finance minister of which state?
    A)Kerala
    B)Uttar Pradesh
    C)Sikkim
    D)Gujarat
    E)Bihar
    View Answer
    Option A
    Explanation:

    Former CPI-M Kerala Finance Minister V. Vishwanatha Menon passed away at a private hospital in Kochi. He was 92. Finance Minister in the E.K. Nayanar cabinet from 1987-91, Menon was one of the tallest leaders in Ernakulam, and was popularly referred to as Ambadi Viswan.
  2. Recently,India’s pharmaceutical exports rose by How much percent in 2018-19?
    A)10 percent
    B)15 percent
    C)11 percent
    D)12 percent
    E) 14 percent
    View Answer
    Option C
    Explanation:

    The country’s pharmaceutical exports rose by 11 per cent to USD 19.2 billion in 2018-19, mainly driven by higher demand in regions such as North America and Europe, as per a commerce ministry data.
  3. Recently WHO collaborated with IFBA to eliminate industrially produced trans fat by Which year?
    A)2023
    B)2025
    C)2026
    D)2030
    E)2028
    View Answer
    Option A
    Explanation:

    WHO (World Health organization) collaborated with the International Food and Beverage Alliance (IFBA) to eliminate industrially produced trans fat (iTFA) from food supply worldwide by 2023. Trans fat-intake leads to coronary heart disease, due to which globally 5,00,000 deaths occur every year.
  4. The 14th edition of the annual Sino Indian border trade opened up in which state?
    A)Nagaland
    B)Assam
    C)Sikkim
    D)Mizoram
    E)Tripura
    View Answer
    Option C
    Explanation:

    The 14th edition of the annual Sino-Indian border trade opened at Nathu La in Sikkim. A function was held to mark the occasion. The Principal Secretary of Commerce and Industries Department, Dr Thomas Chandy, along with officers of various central agencies were present on the occasion.
  5. Iran and which other country have agreed to set up a joint border reaction force following a number of deadly attacks by militants?
    A)Afghanistan
    B)Sri Lanka
    C)Israel
    D)Pakistan
    E)China
    View Answer
    Option D
    Explanation:

    Iran and Pakistan have agreed to set up a joint border “reaction force” following a number of deadly attacks by militant groups on their frontier, Iranian President Hassan Rouhani announced after talks with visiting Pakistani Prime Minister Imran Khan.
  6. When the actions can lead to the entire financial system coming to a standstill, it is called
    A) Systematic risk
    B) Market risk
    C) Equity risk
    D) Business risk
    E) Reputational risk
    View Answer
    Option A
    Explanation:

    It can also be stated as the possibility that default or failure by one financial institution can cause domino effects among its counter parties and others, threatening the stability of the financial system as a whole.

  7. What is the rank of India in latest ICC T20 team rankings?
    A)5th
    B)4th
    C)3rd
    D)2nd
    E)6th
    View Answer
    Option A
    Explanation:

    India dropped 3 places to be the fifth-ranked team in T20Is. On the other hand, reigning T20 World Cup champions Pakistan have consolidated their top spot and are now on 286 points while the next four teams are within two points of each other- South Africa (262), England (261), Australia (261) and India (260).
  8. Where is the HQ of World Customs Organisations?
    A)Geneva
    B)Rome
    C)New York
    D)Brussels
    E)Singapore
    View Answer
    Option D

  9. Which company has edge towards $1 trillion valuation boosted by cloud business?
    A)Microsoft
    B)Amazon
    C)Apple
    D)Walmart
    E)Oracle
    View Answer
    Option A
    Explanation:

    Microsoft Corp.’s cloud computing business fueled quarterly sales and profit that topped analysts’ estimates, boosted by several new deals with large corporate clients. The company’s shares rose as much as 5.1 per cent in New York, briefly pushing its valuation across $1 trillion before pulling back slightly.
  10. Which Company has endorsed Virat Kohli and Anushka Sharma as their first brand ambassadors?
    A)Myntra
    B)Jabong
    C)Shoppers Stop
    D)Biba
    E)Snapdeal
    View Answer
    Option A
    Explanation:

    Flipkart-owned fashion e-commerce platform Myntra announced that it had appointed celebrity couple Virat Kohli and Anushka Sharma as its first brand ambassadors. This is would be the couple’s second big brand endorsement deal after men’s ethnic wear brand Manyavar, which they have been associated with since 2017.
  11. Which of the following is a term used for a contract to buy or sell an asset on a future date at a price specified today?
    A) Swaps
    B) Forwards
    C) Futures
    D) Options
    E) Opportunity
    View Answer
    Option C
    Explanation:

    In finance, a futures contract (more colloquially, futures) is a standardized forward contract, a legal agreement to buy or sell something at a predetermined price at a specified time in the future.
  12. Recently which organisation reduced the minimum subscription requirements for Real Estate Investment Trusts and Infrastructure Investment Trusts?
    A)IRDA
    B)NABARD
    C)SEBI
    D)RBI
    E)SBI
    View Answer
    Option C
    Explanation:

    Markets regulator SEBI has reduced the minimum subscription requirement as well as defined trading lots for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). REITs have to offer their units in lots worth at least Rs 50,000 in initial and follow on public offers.
  13. The 20th WCO Regional Heads of Customs Administration held in Which city?
    A)Kochi
    B)Chennai
    C)Mumbai
    D)Lucknow
    E)Jaipur
    View Answer
    Option A
    Explanation:

    The World Customs Organization (WCO), the world body for Customs agencies of various countries, called for enhancing cross border trade and international logistics. The call was made by the representatives of various customs agencies from around 33 countries in the Asia Pacific region at a meeting held in Kochi ahead of the 20th WCO Regional Heads of Customs Administration (RHCA), which will begin in Kochi.
  14. Recently ,who resigned from the post of president of Wipro banking financial services and insurance unit?
    A)Kaniya Shekh
    B)Shaji Farooq
    C)Angan Guha
    D)R Saha
    E) Ramesh Singh
    View Answer
    Option B
    Explanation:

    Shaji Farooq, president of Wipro’s banking financial services and insurance (BFSI) business unit, has stepped down from the role five years after he was elevated to it. His direct reportee, Angan Guha, will take over as senior VP and global head of the BFSI unit effective July 1.
  15. What is the currency of Portugal?
    A)Euro
    B)Peso
    C)Dollar
    D)Won
    E)Rufiya
    View Answer
    Option A

  16. Recently,Tribal Welfare Minister Kidari Sravan Kumar resigned.He was the former tribal welfare minister of which state?
    A)Telangana
    B)Andhra Pradesh
    C)Odisha
    D)Tamil Nadu
    E)Rajasthan
    View Answer
    Option B
    Explanation:

    Tribal welfare minister of Andhra Pradesh, Kidari Sravan Kumar resigned from his ministerial post recently. He was given the charge of the ministry on November 11, 2018, after the sudden demise of his father KS Rao.
  17. Which country’s central bank is the first central bank in the Asia Pacific Region to begin interest rate easing cycle?
    A)India
    B)Pakistan
    C)China
    D)Indonesia
    E)Sri Lanka
    View Answer
    Option A
    Explanation:

    The Reserve Bank of India is the first central bank in the Asia-Pacific region to begin an explicit interest rate easing cycle buoyed by benign food inflation and easier global financial condition.
  18. Which company recently acquired iconic British toy retailer Hamleys from Chinese fashion wear firm C Banner?
    A)BigBazaar
    B)Reliance Industries
    C)Google
    D)HomeShop18
    E)Flipkart
    View Answer
    Option B
    Explanation:

    In a bid to become a dominant player in the global toy retail industry, Mukesh Ambani-led Reliance Industries Limited (RIL) announced it has acquired iconic British toy retailer Hamleys from Chinese fashion wear firm C Banner International for an undisclosed sum.
  19. Which application launched India first UPI Bahi Khata for merchants?
    A)PhonePe
    B)BharatPe
    C)Paytm
    D)Mobikwik
    E)GooglePay
    View Answer
    Option B
    Explanation:

    BharatPe – India’s first Fintech start-up enabling payments for merchants through interoperable UPI QR codes, has announced its foray into merchant services with a new app. The app allows merchants to record their cash/credit (Udhar) sales customer wise, request accounts receivable from customers via SMS payment links, and keep track of accounts payable to suppliers, among other services.
  20. Recently Kirpal Singh passes away.He was related to which field?
    A)Actor
    B)Writer
    C)Professor
    D)Singer
    E)Director
    View Answer
    Option C
    Explanation:

    Prof Kirpal Singh, the first chronicler of Partition, who started building an archive in 1954, passed away at 95 in Chandigarh. He began his journey in Partition’s historiography in 1953 as a young lecturer at Khalsa College, Amritsar.

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