GA Revision for SBI Clerk and other exams – 882

  1. Which mutual funds provider has launched ‘Any Day SIP’ feature in is schemes?
    A) Quatum Mutual
    B) Kotal Mutual Fund
    C) Motilal Oswal
    D) Sundaram Mutual
    View Answer
    Option D
    Explanation:
    Sundaram Mutual has introduced ‘Any Day SIP’ feature in all open-ended schemes of the fund house, except in liquid schemes. This is effective from July 29, 2020.

  2. Which of the following is not true about Aadhaar-enabled payment system (AEPS)?
    A) AEPS enables bank customers to access their Aadhaar-linked bank accounts through the Aadhaar authentication
    B) For a transaction through AEPS, only Aadhaar number and fingerprint captured during the enrolment are required
    C) AEPS allows inter-operability among different systems adopted by different banks in a safe and secured manner
    D) Customers can find out their account balance, deposit cash, withdraw money and transfer funds to other Aadhaar-linked bank accounts through the help of business correspondents of the bank they have account in
    View Answer
    Option D
    Explanation:
    Aadhaar Enabled Payment System or AEPS is a new payment service offered by the National Payments Corporation of India to banks, financial institutions using Aadhaar number and online UIDAI authentication through their respective Business correspondent service centres.
    AEPS allows four types of banking transactions: Balance Enquiry, Cash Withdrawal, Cash Deposit, and Aadhaar to Aadhaar Funds Transfer

  3. The Secretariat of Network for Greening the Financial System (NGFS) is permanently provided by the central bank of which country?
    A) USA
    B) China
    C) France
    D) Australia
    View Answer
    Option C

  4. Which bank partnered with Bajaj Allianz Life to offer life insurance solutions to the bank’s customers?
    A) Federal Bank
    B) Lakshmi Vilas BANK
    C) Bandhan Bank
    D) Karur Vysya Bank
    View Answer
    Option D
    Explanation:
    Karur Vysya Bank (KVB) entered into a corporate agency partnership with Bajaj Allianz Life, one of India’s leading life insurance companies, to offer life insurance solutions to the bank’s customers.

  5. Where is the headquarters of Care Ratings situated
    A) Mumbai
    B) Jaipur
    C) Delhi
    D) Gurugram
    View Answer
    Option A

  6. According to a survey by Randstad Employer Brand Research (REBR) 2020, which company has been named as the most attractive employer brand in India?
    A) Amazon
    B) Samsung
    C) Microsoft
    D) Google
    View Answer
    Option C
    Explanation:
    According to Randstad Employer Brand Research (REBR) 2020,Technology giant Microsoft India has emerged as the country’s most attractive employer brand, followed by Samsung India and Amazon India in the second and third place, respectively, says a survey.

  7. In which of the following General Insurance Companies has the govt. decided to infuse Rs 12,450 Crore halting their merger?
    A) National Insurance, New India Assurance and Oriental Insurance
    B) Oriental Insurance, Liberty General Insurance and United India Insurance
    C) National Insurance, Oriental Insurance and United India Insurance
    D) United India Insurance, National Insurance and Liberty General Insurance
    View Answer
    Option C
    Explanation:
    The Union Cabinet decided to halt the merger process of three state-owned general insurance companies, National Insurance, Oriental Insurance and United India Insurance, for the moment and approved fund infusion of Rs 12,450 crore to improve their financial health.
    The cabinet headed by Prime Minister Narendra Modi also decided to increase the authorised share capital of National Insurance Company Limited (NICL) to Rs 7,500 crore and that of United India Insurance Company Limited (UIICL) and Oriental Insurance Company Limited (OICL) to Rs 5,000 crore each to give effect to the capital infusion decision.

  8. What is the extended deadline after which hallmarking of Gold Jewellery will be mandatory?
    A) March 31, 2021
    B) May 1, 2021
    C) November 30, 2021
    D) June 1, 2021
    View Answer
    Option D
    Explanation:
    The government announced the extension of a deadline for mandatory hallmarking of gold jewellery and artefacts by over four months till June 1, 2021.
    Accordingly, from June 1 next year, jewellers will be allowed to sell only 14, 18 and 22 carats of gold jewellery.

  9. What does NCLT stand for in the context of the insolvency code?
    A) National Company Liquidation Tribunal
    B) National Corporate Liquidation Tribunal
    C) National Company Law Tribunal
    D) None of these
    View Answer
    Option C
    Explanation:
    The Central Government has constituted National Company Law Tribunal (NCLT) under section 408 of the Companies Act, 2013 (18 of 2013) w.e.f. 01st June 2016.

  10. To Support Start-ups and Farmer Groups, Govt. has set up an Agri-Infra Fund of how much amount?
    A) Rs 4 Lakh Cr
    B) Rs 1 Lakh Cr
    C) Rs 3 Lakh Cr
    D) Rs 2 Lakh Cr
    View Answer
    Option B
    Explanation:
    The government approved setting up an agriculture infrastructure fund with a corpus of Rs 1 lakh crore to provide financial support to entrepreneurs, start-ups, agri-tech players and farmer groups for infrastructure and logistics facilities.

  11. According to the changes in foreign direct investment (FDI) rules notified by the finance ministry, NRI’s can now acquire how much percent stake in Air India?
    A) 99%
    B) 100%
    C) 49%
    D) 70%
    View Answer
    Option B
    Explanation:
    The finance ministry has notified changes in foreign direct investment (FDI) rules which permit non-resident Indians (NRIs) to acquire upto 100% in Air India.

  12. Where is the HQ of World Meteorological Organization located?
    A) Vienna, Austria
    B) Rome, Italy
    C) Sydney, Australia
    D) Geneva, Switzerland
    View Answer
    Option D
    Explanation:
    Founded – 1950, Secretary General – Petteri Taalas

  13. In July 2020, Reliance Industries Limited has become the first company in the country to cross how much M-cap Mark?
    A) Rs 15 Lakh
    B) Rs 10 Lakh
    C) Rs 18 Lakh
    D) Rs 12 Lakh
    View Answer
    Option D
    Explanation:
    RIL added another feather to its cap as its market valuation crossed Rs 12 lakh crore mark, a first by any domestic company.
    The company’s market valuation rose by Rs 40,508.8 crore to Rs 11,73,677.35 crore at close of trade on the BSE.

  14. ___________and Vijay Sundar Prashanth won their first doubles title of the season at the Lawn Tennis Association’s British Tour in Surrey in July 2020?
    A) Vijay Amritraj
    B) Akhtar Ali
    C) Divij Sharan
    D) Zeeshan Ali
    View Answer
    Option C
    Explanation:
    Divij Sharan and Vijay Sundar Prashanth won their first doubles title of the season at the Lawn Tennis Association’s British Tour in Surrey.

  15. Which Union Territory govt. launched an initiative called M.O.D.I. to steer the UT on a sustainable path?
    A) Ladakh
    B) Chandigarh
    C) Delhi
    D) Puducherry
    View Answer
    Option A
    Explanation:
    Ladakh Lieutenant Governor RK Mathur has e-launched Mission Organic Development Initiative (M.O.D.I) and a Greenhouse Project to steer the Union Territory on a sustainable path.

  16. Indian sportsperson Rajat Bhatia announced his retirement from which sports?
    A) Cricket
    B) Football
    C) Chess
    D) Kabaddi
    View Answer
    Option A
    Explanation:
    Veteran domestic all-rounder and former Kolkata Knight Riders star Rajat Bhatia has announced his retirement from all forms of cricket, bringing an end to a 20-year long career.

  17. According to the International Monetary Fund, India is at which position in case of foreign exchange reserves?
    A) 4th
    B) 5th
    C) 1st
    D) 7th
    View Answer
    Option B
    Explanation:
    India has accumulated the world’s fifth-largest foreign exchange reserves after China, Japan, Switzerland and Russia, according to the International Monetary Fund.

  18. Where is the headquarters of Asian Infrastructure Investment Bank situated?
    A) Beijing, China
    B) Manila, Philippines
    C) Naypyidaw, Myanmar
    D) Paris, France
    View Answer
    Option A
    Explanation:
    The Asian Infrastructure Investment Bank (AIIB) is an multilateral development bank that aims to support the building of infrastructure in the Asia-Pacific region. The bank currently has 56 member states while another 24 are prospective members for a total of 80 approved members and was proposed as an initiative by the government of China.

  19. Who has been appointed as the new Chief Executive Officer of Paytm Money?
    A) Varun Srishar
    B) Rishi Kumar
    C) Pravin Jadhav
    D) Kartik Pandey
    View Answer
    Option A
    Explanation:
    Paytm Money, the subsidiary of One97 Communications Ltd which operates Paytm, has appointed Varun Sridhar as its new CEO.

  20. What is the currency of Qatar?
    A) Peso
    B) Riyal
    C) Dollar
    D) Franc
    View Answer
    Option B
    Explanation:
    Capital – Doha

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