GA Revision for Syndicate and Canara Bank Exams — Set 117

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. Which among the following techniques is used by the Banks to read code on cheques?
    A) OMR
    B) OCR
    C) MICR
    D) LCR
    View Answer
      Option C
    Explanation:
    Magnetic Ink Character Recognition Code (MICR Code) is a character-recognition technology used mainly by the banking industry to ease the processing and clearance of cheques and other documents
  2. Who is the first women to be appointed as the Secretary General of the Lok Sabha?
    A) Meenakshi Lekhi
    B) Snehlata Shrivastava
    C) Kothapalli Geetha
    D) Ranee Narah
    View Answer
      Option B
    Explanation:
    Snehlata Shrivastava has been appointed as the new Secretary General of the Lok Sabha.
    She will be the first woman secretary general of the Lok Sabha and will assume charge on 1 December.
    Her tenure will end on 30 November, 2018.
  3. The Nashik city in Maharashtra is situated along the bank of which river?
    A) Savitri
    B) Narmada
    C) Kaveri
    D) Godavari
    View Answer
      Option D
  4. Which of the following foundations has committed Rs 10 crore for the conservation and restoration of Chhatrapati Shivaji Maharaj Terminus (CSTM) of Mumbai?
    A) SBI Foundation
    B) HDFC Foundation
    C) PNB  Foundation
    D) ICICI Foundation
    View Answer
      Option A
    Explanation:
    SBI Foundation has committed Rs 10 crore for the conservation and restoration of Chhatrapati Shivaji Maharaj Terminus (CSTM) of Mumbai over the period of 3-5 years. 
  5. Which among the given committees is related to Small Finance Bank?
    A) Shivraman Committee
    B) Usha Thorat Committee
    C) Gadgil Committee
    D) Nariman Committee
    View Answer
      Option B
  6. How many banks are classified as Domestic Systemically Important Banks (D-SIBs) by RBI?
    A) 1
    B) 2
    C) 3
    D) 4
    View Answer
      Option C
    Explanation:
    In addition to the SBI and ICICI Bank, which continue to be identified as Domestic Systemically Important Banks (DSIBs), the Reserve Bank of India has also identified HDFC Bank as a D-SIB. SBI in basket 3 and ICICI &HDFC Bank in Basket 1; There are 5 baskets of which basket 5 is of higest pripority and 1 of lowest priority.
  7. Who is regarded as the Father of DNA finger printing in India?
    A) Lalji Singh
    B) Jayant Narlikar
    C) Raghunath Mashelkar
    D) Anil Kakodkar
    View Answer
      Option A
    Explanation:
    Eminent scientist and ‘Father of DNA finger printing in India’, Lalji Singh has passed away after suffering a massive heart attack.
  8. The International Maritime Organization (IMO) is headquartered in which country?
    A) London, United Kingdom
    B) Washington D.C, United States
    C) Geneva, Switzerland
    D) Paris, France
    View Answer
      Option A
  9. Cheque is defined in which section in Negotiable Instrument Act 1881?
    A) Section 4
    B) Section 5
    C) Section 6
    D) Section 7
    View Answer
      Option C
    Explanation:
    A cheque is bill of exchange drawn on a specified banker and not expressed to be payable otherwise than on demand and it includes the electronic image of a truncated cheque and a cheque in the electronic form.
  10. When is the National Press Day observed?
    A) January 21
    B) November 16
    C) December 9
    D) February 2
    View Answer
      Option B
  11. The IndusInd Bank received the approval of the Competition Commission of India for the merging with which Micro-finance company?
    A) Annapurna Microfinance Private Limited
    B) BSS Microfinance Private Limited
    C) Bharat Financial Inclusion Ltd
    D) Share Microfin Limited
    View Answer
      Option C
    Explanation:
    Fair trade regulator CCI has approved the scheme of amalgamation between IndusInd Bank and Bharat Financial Inclusion. IndusInd Bank in October decided to acquire country’s leading microfinance player Bharat Financial Inclusion Ltd (BFIL). 
  12. Yakshagana is the folk dance of which of the following states?
    A) Karnataka
    B) Rajasthan
    C) Himachal Pradesh
    D) West Bengal
    View Answer
      Option A
  13. What is the validity period of Kisan Credit Card?
    A) 5 Years
    B) 4 Years
    C) 3 Years
    D) 6 Years
    View Answer
      Option A
    Explanation:
    Kisan Credit Card. The Kisan Credit Card (KCC) scheme is a credit scheme introduced in August 1998 by Indian banks. … The premium is borne by both the bank and borrower in a 2:1 ratio. The validity period is five years, with an option to extend for up to three more years.
  14. The digibank, which is India’s first mobile-only bank was launched by which bank?
    A) HDFC Bank
    B) HSBC
    C) DBS Bank
    D) RBL Bank
    View Answer
      Option C
    Explanation:
    DBS Bank, Singapore’s largest bank and a leading bank in Asia, officially unveiled digibank, India’s first mobile-only bank.
    digibank is India’s first paperless, signatureless, branchless bank
  15. Who among the following has been appointed as the MD & CEO of Infosys?
    A) Nandan Nilekani
    B) U B Pravin Rao
    C) Salil S. Parekh
    D) Vishal Sikka
    View Answer
      Option C
    Explanation:
    IT bellwether Infosys has appointed Salil S. Parekh as its Chief Executive Officer and Managing Director with effect from January 2, 2018 for a five-year term. He will succeed U.B. Pravin Rao
  16. What does L stands for in SLBC with respect to committees of Bank?
    A) Life
    B) Level
    C) Listed
    D) Line
    View Answer
      Option B
    Explanation:
    State Level Banker Committees
  17. Who is the author of the book ‘Advantage India: From Challenge to Opportunity’?
    A) Mahatma Gandhi
    B) Chetan Bhagat
    C) A.P.J. Abdul Kalam
    D) Aravind Adiga
    View Answer
      Option C
  18. Name the head of the Standing Committee on External Affairs formed to examine the relations between India and China?
    A) Shashi Tharoor
    B) P Chidambaram
    C) Rakesh Yadav
    D) Rupesh Sinha
    View Answer
      Option A
    Explanation:
    The Standing Committee on External Affairs, which will examine the relations between the two Asian powers – India and China, is headed by Shashi Tharoor, Congress member of the Lok Sabha.
  19. YONO is an integrated digital banking platform launched by which bank?
    A) State Bank of India
    B) ICICI bank
    C) Axis Bank
    D) Bank of Baroda
    View Answer
      Option A
    Explanation:
    YONO (You Only Need One) is an integrated digital banking platform offered by State Bank of India (SBI) to enable users to access a variety of financial and other services such as taxi bookings, online shopping, or medical bill payments. Currently, YONO is offered as a smartphone app for both Android and iOS.
  20. Which of the following banks cannot issue Priority Sector Lending Certificates (PSLC)?
    A) Regional Rural Banks (RRBs)
    B) Local Area Banks (LABs)
    C) Small Finance Banks
    D) Payments Bank
    View Answer
      Option D
    Explanation:
    Payments Bank cannot buy/sell PSLC.
    Scheduled Commercial Banks (SCBs), Regional Rural Banks (RRBs), Local Area Banks (LABs), Small Finance Banks (when they become operational) and Urban Co-operative Banks who have originated PSL eligible category loans subject to such regulations as may be issued by the Bank.

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