GA Revision for Canara Bank Exam — Set 122

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 Indian state has achieved the top position in the Logistics Ease Across Different States (LEADS) index meant to assess international trade logistics across states and Union territories?
    A) Karnataka
    B) Gujarat
    C) Punjab
    D) Andhra Pradesh
    View Answer
      Option B
    Explanation:
    Gujarat has topped a perception-based index of mobility of goods and efficiency of logistics chain, closely followed by Punjab and Andhra Pradesh. 
  2. What is the capital of Ukraine?
    A) Kiev
    B) Lome
    C) Sanaa
    D) Juba
    View Answer
      Option A
    Explanation:
    Currency- Hryvna
  3. The 18th All India Whips’ Conference was held in which city?
    A) Kolkata
    B) New Delhi
    C) Udaipur
    D) Ahmedabad
    View Answer
      Option C
    Explanation:
    The 18th All India Whips’ Conference was inaugurated by Shri Ananthkumar, Union Minister for Parliamentary Affairs and Chemical & Fertilizers at Udaipur, Rajasthan. The two-day conference is hosting around 90 Delegates belonging to 19 States and Centre.
  4. The Foreign Exchange Management Act was enacted in which year?
    A) 1999
    B) 2000
    C) 2002
    D) 1995
    View Answer
      Option A
    Explanation:
    The Foreign Exchange Management Act, 1999 (FEMA) is an Act of the Parliament of India “to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India”.
  5. Name the newly appointed MD & CEO of National Payments Corporation of India (NPCI)?
    A) A.P.Hota
    B) Ravi Venkatesan
    C) Rajkiran Rai G
    D) Dilip Asbe
    View Answer
      Option D
    Explanation:
    Payment utility major National Payments Corporation of India (NPCI) announced the appointment of Dilip Asbe as its Managing Director and CEO with immediate effect.
  6. Where is the headquarter of Canara Bank located?
    A) Chennai
    B) Bengaluru
    C) Mangalore
    D) Kochi
    View Answer
      Option B
    Explanation:
    Tagline – Together We Can
  7. Under whose chairmanship, a high level ministerial committee has been formed by the government to look into issues related to stuck shipping projects which have become unviable?
    A) Arun Jaitley
    B) Rajnath Singh
    C) Narendra Modi
    D) Suresh Prabhu
    View Answer
      Option A
    Explanation:
    The government formed a ministerial committee headed by finance minister Arun Jaitley to decide what to do with old, pre-existing projects in ports, which have become unviable. 
  8. Systemically important NBFCs are those whose asset size is of Rs _____ crore or more
    A) ₹ 100 crore
    B) ₹ 200 crore
    C) ₹ 300 crore
    D) ₹ 500 crore
    View Answer
      Option D
    Explanation:
    NBFCs whose asset size is of ₹ 500 cr or more as per last audited balance sheet are considered as systemically important NBFCs.
  9. Who has recently been appointed to the post of Economic Relations Secretary in the Ministry of External Affairs?
    A) A.M. Gondane
    B) Vikas Swarup
    C) T S Tirumurti
    D) Vijay Keshav Gokhale
    View Answer
      Option C
    Explanation:
    India’s High Commissioner to Kuala Lumpur T S Tirumurti has been appointed as the Secretary (Economic Relations) in the External Affairs Ministry by the government.
  10. Veer Savarkar International Airport is in which state/UT?
    A) Assam
    B) West Bengal
    C) Andaman and Nicobar Islands
    D) Madhya Pradesh
    View Answer
      Option C
    Explanation:
    Veer Savarkar International Airport also known as Port Blair Airport, is a customs airport located 2 km south of Port Blair and is the main airport of the Andaman and Nicobar Islands of India. It is named after Vinayak Damodar Savarkar
  11. Which of the following Payments Bank has signed an MoU with the Indian Institute of Corporate Affairs (IICA) for the training of employees of the bank in the area of payment banking?
    A) India Post Payments Bank
    B) Paytm Payments Bank
    C) Airtel Payments Bank
    D) Fino Payments Bank
    View Answer
      Option A
    Explanation:
    The Indian Institute of Corporate Affairs (IICA) and India Post Payments Bank signed an agreement for the training of employees of the latter in the area of payment banking.
  12. Which of the following is not the function of the bank?
    A) Depositing & lending money
    B) Sale of post cards and postal stamps
    C) Issue bank draft
    D) Provide locker services for valuable items
    View Answer
      Option B
  13. The Chah Bagichar Dhan Puraskar Mela 2017-18 launched by the Assam government aims to encourage which of the following initiatives
    A) Life Insurance Scheme
    B) Financial Inclusion Scheme
    C) Rural Self Employment
    D) Loans to SC/ST/Women entrepreneurs for greenfield enterprises
    View Answer
      Option B
    Explanation:
    In a bid to add more dynamism to Assam government’s initiatives of financial inclusion and bringing all sections of the people under the ambit of banking sector and cashless transaction, Chief Minister Sarbananda Sonowal ceremonially launched the ‘Chah Bagichar Dhan Puraskar Mela 2017-18’ by distributing cheques to beneficiaries at a function held at Sarbananda Singha auditorium in Tinsukia, Assam.
  14. The Kishtwar National Park is located in which state?
    A) Haryana
    B) Rajasthan
    C) Bihar
    D) Jammu & Kashmir
    View Answer
      Option D
    Explanation:
    Kishtwar National Park is a national park located in the Kishtwar district of Jammu and Kashmir
  15. The Union Cabinet has approved an MoU with which country to  improve public transportation system of India?
    A) France
    B) United States
    C) United Kingdom
    D) Germany
    View Answer
      Option C
    Explanation:
    Approved the signing and implementation of the Memorandum of Understanding (MoU) between Ministry of Road Transport and Highways, India, and Transport for London (TFL), United Kingdom (UK), to improve public transport in the country. The MoU will improve passenger services and promote the use of high-capacity buses in India.
  16. A company which pools money from investors and invests in stocks, bonds, shares is called _____
    A) Mutual Fund
    B) Bank
    C) Bancassurance
    D) Insurance Company
    View Answer
      Option A
    Explanation:
    A company which pools money from investors and invests in stocks, bonds, shares is called Mutual Fund
  17. The surface-to-surface Harba Naval Cruise Missile was successfully test fired by which country in January 2018 to demonstrate its high tech weaponry?
    A) India
    B) China
    C) Pakistan
    D) Russia
    View Answer
      Option C
    Explanation:
  18. The Srisailam Dam in Andhra Pradesh is built across which river?
    A) Tungabhadra
    B) Godavari
    C) Krishna
    D) Penna
    View Answer
      Option C
    Explanation:
    The Srisailam Dam is constructed across the Krishna River in Kurnool district, Andhra Pradesh near Srisailam temple town and is the 2nd largest capacity working hydroelectric station in the country.
  19. Name the first country of the world to legalize equal pay law?
    A) Iceland
    B) United States
    C) Peru
    D) Zimbabwe
    View Answer
      Option A
    Explanation:
    A new law making it illegal to pay men more than women has taken effect in Iceland. The legislation makes Iceland the first country in the world to legalise equal pay between men and women.
  20. The Commodities Derivatives Market is regulated by ________
    A) RBI
    B) SEBI
    C) IRDAI
    D) FCI
    View Answer
      Option B
    Explanation:
    The Securities and Exchange Board of India (Sebi), regulates the commodity derivatives market

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