GA Revision for Syndicate and Canara Bank Exams — Set 108

GA Revision Questions for upcoming IBPS RRB PO/Clerk Main 2017, IBPS PO Main 2017, OICL AO Main 2017, RBI Assistant Main 2017 and other upcoming exams.

  1. How much amount of funds could be transferred using NEFT?
    A) Rs 50,000
    B) Rs 1 Lakh
    C) Rs 2 Lakh
    D) No Such Limit
    View Answer
      Option D
    Explanation:
    There is no limit – either minimum or maximum – on the amount of funds that could be transferred using NEFT. However, maximum amount per transaction is limited to Rs 50,000/- for cash-based remittances within India and also for remittances to Nepal under the Indo-Nepal Remittance Facility Scheme.
  2. Name the newly appointed MD & CEO of National Commodity & Derivatives Exchange Limited (NCDEX)?
    A) Tushar Arora
    B) Aniruddhh Vyas
    C) Satyendra Sharma
    D) Vijay Kumar
    View Answer
      Option D
    Explanation:
     Market regulator Sebi has approved appointment of Vijay Kumar as Managing Director and CEO of the country’s largest agri-commodity bourse NCDEX.
  3. The Mathikettan Shola National Park is located in which state?
    A) Telangana
    B) Kerala
    C) Andhra Pradesh
    D) Tamil Nadu
    View Answer
      Option B 
  4. India’s largest floating solar power plant with a capacity of 500 kilowatts has been unveiled in which state?
    A) Assam
    B) Maharashtra
    C) Uttar Pradesh
    D) Kerala
    View Answer
      Option D
    Explanation:
    Kerala Electricity Minister MM Mani inaugurated India’s largest floating solar power plant at the Banasura Sagar dam in Wayanad district. The plant, worth approximately Rs9.25 crore, floats on 6,000 square metres of water surface. With a capacity of 500 kilowatts, the plant comprises 1,938 solar panels and 17 inverters.
  5. Bogota is the capital of which country?
    A) Ecuador
    B) Georgia
    C) Colombia
    D) Kosovo
    View Answer
      Option C
    Explanation:
    Currency-Colombian Peso
  6. What does C stands for in ECB?
    A) Commercial
    B) Currency
    C) Capital
    D) Cash
    View Answer
      Option A
    Explanation:
    External commercial borrowing (ECBs) are loans in India made by non-resident lenders in foreign currency to Indian borrowers. They are used widely in India to facilitate access to foreign money by Indian corporations and PSUs (public sector undertakings).
  7. What is the rank of India in the 2018 Global Intellectual Property (IP) index?
    A) 53
    B) 29
    C) 30
    D) 44
    View Answer
      Option D
    Explanation:
    India has substantially improved its ranking, to 44, in the latest Global Intellectual Property (IP) index released by the US Chambers of Commerce. India’s overall score is 30 per cent (12.03 out of 40) in the latest edition of the index. 
  8. Kikkli is a famous folk dance form of which state?
    A) Jharkhand
    B) Haryana
    C) Himachal Pradesh
    D) Punjab
    View Answer
      Option D
  9. Which section of the RBI Act 1934 obligates RBI to conduct Central Government’s banking transaction?
    A) Section 17
    B) Section 20
    C) Section 22
    D) Section 24
    View Answer
      Option B
    Explanation:
    In terms of Section 20 of the RBI Act 1934, RBI has the obligation to undertake the receipts and payments of the Central Government and to carry out the exchange, remittance and other banking operations, including the management of the public debt of the Union. Further, as per Section 21 of the said Act, RBI has the right to transact Government business of the Union in India.
  10. Which among the following BRICS nations has planned to create an independent internet infrastructure for BRICS countries to reduce vulnerability to attack?
    A) Russia
    B) India
    C) Brazil
    D) China
    View Answer
      Option A
    Explanation:
    The Russian Security Council has asked the Russian government to develop a separate infrastructure for BRICS countries’ internet needs while still being linked to the World Wide Web, which they claim will continue services in the event of a global internet infrastructure collapse. The plan has a deadline set for August 1, 2018.
  11. The boundary line between North Vietnam and South Vietnam before two were united was known as _____
    A) 17th Parallel
    B) 19th Parallel
    C) 21st Parallel
    D) 11th Parallel
    View Answer
      Option A
  12. Which among the following technology firms has joined hands with NCERT to initiate course on Digital Citizenship and Safety at schools level?
    A) Apple
    B) Google
    C) Microsoft
    D) IBM
    View Answer
      Option B
    Explanation:
    Reiterating its commitment to make the web a safer place for everyone, Google India announced its collaboration with NCERT to integrate a course on “Digital Citizenship and Safety” in the Information and Communication Technology (ICT) curriculum in schools.
  13. A Commercial Paper (CP) can be issued in denomination of Rs _____and multiples
    A) Rs 50,000
    B) Rs 1 lakh
    C) Rs 5 lakh
    D) Rs 2 lakh
    View Answer
      Option C
    Explanation:
    CP can be issued in denominations of Rs 5 lakh or multiples thereof.
  14. Who has been appointed as India’s G 20 Sherpa for the Development Track of the G20 till December 31, 2018?
    A) Suresh Prabhu
    B) Arvind Panagariya
    C) Shaktikanta Das
    D) Montek Singh Ahluwalia
    View Answer
      Option C
    Explanation:
    Shri Shaktikanta Das, Former Secretary, Department of Economic Affairs, has been appointed as India’s G 20 Sherpa till December 31, 2018 for the Development Track of the G20.
  15. The Duleep Trophy is given for which sports?
    A) Tennis
    B) Cricket
    C) Hockey
    D) Football
    View Answer
      Option B
    Explanation:
    The Duleep Trophy is a domestic first-class cricket competition played in India and named after Kumar Shri Duleepsinhji of Nawanagar
  16. “Smart Banking 24×7” e-Lobbies has been launched by which bank to provide smoother access to banking facility to its Mumbai customers?
    A) Axis Bank
    B) Kotak Mahindra Bank
    C) State Bank of India
    D) Yes Bank
    View Answer
      Option B
    Explanation:
    Kotak Mahindra Bank (Kotak) has launched 24 hour accessible e-Lobbies in the Mumbai suburbs of Juhu and Powai. Keeping the convenience of customers in mind, Kotak is expanding the touchpoints available for customers with a new format – “Smart Banking 24×7” e-Lobbies.
  17. The start-up incubation centre named Centre for Entrepreneurship Opportunities and Learning (CEOL) has recently been inaugurated in which state?
    A) Telanaga
    B) Tamil Nadu
    C) Karnataka
    D) Goa
    View Answer
      Option C
    Explanation:
    Nirmala Sitharaman has launched a start-up incubation centre called the Centre for Entrepreneurship Opportunities and Learning (CEOL) in Mangaluru, Karnataka. She has allocated Rs. 1.5 crore from her MPLAD (Member of Parliament’s Local Area Development) scheme for the development of CEOL.
  18. A medium enterprise is one where the investment in plant and machinery cannot exceed Rs._____ crore.
    A) Rs 1 crore
    B) Rs 2.5 crore
    C) Rs 5 crore
    D) Rs 10 crore
    View Answer
      Option D
    Explanation:
    A medium enterprise is an enterprise where the investment in plant and machinery is more than Rs.5 crore but does not exceed Rs.10 crore.
  19. Name the project recently launched by the government for financial inclusion of the un-banked rural populations by March 2018
    A) DARPAN
    B) DEEP
    C) DARSH
    D) DEEKSHA
    View Answer
      Option A
    Explanation:
    Government launched project ‘DARPAN’- Digital Advancement of Rural Post Office for a New India in New Delhi. DARPAN will provide low-power technology solution which will enable each of around 1.29 Lakhs Branch Post Offices to improve the level of services being offered to rural customers. It is targeted to complete the project by March 2018.
  20. Emmerson Mnangagwa is the newly appointed President of which country?
    A) Zimbabwe
    B) Vietnam
    C) Germany
    D) Indonesia
    View Answer
      Option A
    Explanation:
    Zimbabwe’s former Vice President Emmerson Mnangagwa has been sworn in as President, succeeding friend-turned-foe Robert Mugabe.

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