GA Revision for NABARD, RBI Grade B, SBI Clerk — Set 125

GA Revision Questions for upcoming RBI Grade B 2018, SBI Clerk 2018, NABARD 2018 and other upcoming exams.

  1. What is the applicable limit for education loans under priority sector?
    A) ₹ 5 crore
    B) ₹ 10 lakh
    C) ₹ 28 lakh
    D) ₹ 15 crore
    View Answer
      Option B
    Explanation:
    Loans to individuals for educational purposes including vocational courses upto ₹ 10 lakh irrespective of the sanctioned amount are eligible for classification under priority sector.
  2. What is the rank of India in the WEF’s 2018 Energy Transition Index (ETI)?
    A) 97
    B) 33
    C) 59
    D) 78
    View Answer
      Option D
    Explanation:
    India has been ranked at the 78th position in the World Economic Forum’s (WEF) report on Energy Transition Index (ETI). The report, titled ‘Fostering Effective Energy Transition’, benchmarks historic and current performance of energy systems of 126 countries on 18 indicators, covering the three core dimensions of energy- access and security, sustainability and contribution to economic growth, and development.
  3. Shigmotsav is a popular spring festival celebrated in which Indian state?
    A) Punjab
    B) Assam
    C) Goa
    D) Haryana
    View Answer
      Option C
    Explanation:
    Shigmotsav has been organized enthusiastically in Goa. Shigmotsav or Shigmo is one of the several cultural festivals of the coastal state and is celebrated through colours, costumes, music, dance and parades. Shigmo parades offer glimpses of Goan life depicted through folk dance and music performances by locals.
  4. What is the theme of the 2018 World Heritage Day?
    A) Heritage for Generations
    B) Cultural Heritage and Sustainable Tourism
    C) Heritage of Sport
    D) Agricultural Heritage
    View Answer
      Option A
    Explanation:
    April 18 is International Day For Monuments and Sites, also called World Heritage Day.Theme 2018: “Heritage for Generations”
  5. The European Investment Bank (EIB) is located in _______
    A) Belgium
    B) Luxembourg
    C) Germany
    D) France
    View Answer
      Option B
  6. Who is the Minister of State (Independent Charge) of the Ministry of Tourism?
    A) Alphons Kannanthanam
    B) Giiraj Singh
    C) Pon Radhakrishnan
    D) Ashwini Kumar Choubey
    View Answer
      Option A
  7. How much amount of fund has been released by the Government under Mahatma Gandhi National Rural Employment Guarantee Scheme for FY19?
    A) Rs. 20,100 crore
    B) Rs. 22,125 crore
    C) Rs. 23,147 crore
    D) Rs. 27,158 crore
    View Answer
      Option C
    Explanation:
    In the current Financial Year, Ministry of Rural Development has released Rs. 23,147 crore to various States/UTs under Mahatma Gandhi National Rural Employment Guarantee Scheme. The funds, besides clearing all wage and payment liabilities of previous year, will also ensure smooth implementation of the scheme in the coming months of FY 2018-19.
  8. The Banking Codes and Standards Board of India (BCSBI) was set up under which of the following acts?
    A) Reserve Bank of India Act, 1934
    B) Societies Registration Act, 1860
    C) Companies Act, 1956
    D) Banking Regulation Act, 1949
    View Answer
      Option B
    Explanation:
    The Banking Codes and Standards Board of India (BCSBI) is an independent and autonomous body, registered as a separate society under the Societies Registration Act, 1860 on February 18, 2006.
  9. Veteran musician Dilip Roy died of old age. He was a legendary player of which musical instrument?
    A) Guitar
    B) Sitar
    C) Flute
    D) Violin
    View Answer
      Option D
    Explanation:
    Legendary musician and violinist Dilip Roy has passed away following old age complications. The West Bengal government had conferred the Sangseet Samman award on him for his contribution to music.
  10. How many NBFC Ombudsman have been appointed till date?
    A) 7
    B) 5
    C) 4
    D) 2
    View Answer
      Option C
    Explanation:
    As on date, four NBFC Ombudsman have been appointed with their offices located at Chennai, Kolkata, New Delhi and Mumbai.
  11. Which state has recently launched scheme named ‘Rupashree’ to provide one time financial support for the marriage of poor women of the state?
    A) West Bengal
    B) Odisha
    C) Haryana
    D) Rajasthan
    View Answer
      Option A
    Explanation:
    The West Bengal government has rolled out Chief Minister Mamata Banerjee’s dream project ‘Rupashree’ which provides one time financial support to the marriages of poor women.
  12. The Cabinet has approved setting up of the NFRA as an independent regulator for the auditing profession. What is the full form of NFRA?
    A) National Financial Reporting Authority
    B) National Finance Report Audit
    C) National Financial Regulating Agency
    D) National Fiscal Regulator Authority
    View Answer
      Option A
    Explanation:
    Union Cabinet has approved the establishment of National Financial Reporting Authority (NFRA). NFRA will act as an independent regulator for the auditing profession which was one of the key changes brought in by the Companies Act 2013.
  13. The Indian Institute of Engineering Science and Technology (IIEST) is located in which state?
    A) Maharashtra
    B) West Bengal
    C) Haryana
    D) Telangana
    View Answer
      Option B
    Explanation:
    Indian Institute of Engineering Science and Technology, Shibpur is a public engineering and research institution located at Shibpur, Howrah district, West Bengal. It is classified as an Institute of National Importance.
  14. Who has been appointed as the first Director General of National Testing Agency (NTA)?
    A) Alok Verma
    B) Tapan Misra
    C) Rekha Sharma
    D) Vineet Joshi
    View Answer
      Option D
    Explanation:
    The former chairman of the Central Board of Secondary Education (CBSE), Vineet Joshi, was appointed the first director-general of the National Testing Agency (NTA), an independent body dedicated to conducting entrance tests for higher education in India.
  15. What is the maximum limit for investment in Sovereign Gold Bond (SGB) 2018 for an individual?
    A) 5kg
    B) 2 kg
    C) 4 kg
    D) 7 kg
    View Answer
      Option C
    Explanation:
    The Bonds are issued in denominations of one gram of gold and in multiples thereof. Minimum investment in the Bond shall be one gram with a maximum limit of subscription of 4 kg for individuals, 4 kg for Hindu Undivided Family (HUF) and 20 kg for trusts and similar entities notified by the government from time to time per fiscal year (April – March).
  16. The government of India has sanctioned an agreement with UN for re-construction of earthquake hit homes of which country?
    A) Mexico
    B) Nepal
    C) North Korea
    D) Bhutan
    View Answer
      Option B
    Explanation:
    In a reconstruction bid for earthquake-ravaged Nepal, the Government of India has sealed an agreement with United Nations Development Program (UNDP) and United Nations Office for Project Services (UNOPS) to build 50, 000 homes for quake victims. The agreement signed will provide socio- technical facilitation to the earthquake victims of Gorkha, the epicenter of 2015’s earthquake and the Nuwakot district of Nepal.
  17. Who has been appointed as the head of the 5 member committee formed by the government to look into rising bank frauds and strengthening SWIFT system?
    A) Nandkumar Saravade
    B) Y H Malegam
    C) Bharat Doshi
    D) S Rama
    View Answer
      Option B
    Explanation:
    In the wake of the Rs 11,300 crore fraud at the Punjab National Bank, the Reserve Bank of India has constituted a five member panel under former board member Y H Malegam to look into the wide divergence by banks in asset classification and provisioning and reasons for frauds and measures to prevent it and also asked them to strengthen the SWIFT (Society for Worldwide Interbank Financial Telecommunication) operating environment.
  18. How much amount has been fixed by the Government of India as agriculture credit target for the fiscal year 2018-19?
    A) Rs 11 lakh
    B) Rs 9 lakh
    C) Rs 12 lakh
    D) Rs 10 lakh
    View Answer
      Option A
    Explanation:
    The government has fixed the agriculture credit target of 11 lakh crore rupees for the year 2018-19 against last year’s target of 10 lakh crore rupees.
  19. The Indian Financial System Code (IFSC) is a ___________ digit code.
    A) 12
    B) 9
    C) 14
    D) 11
    View Answer
      Option D
    Explanation:
    IFSC or Indian Financial System Code is an alpha-numeric code that uniquely identifies a bank-branch participating in the NEFT system. This is an 11 digit code with the first 4 alpha characters representing the bank, and the last 6 characters representing the branch. The 5th character is 0 (zero). 
  20. The Ministry of Commerce & Industry has launched a digital platform named FIEO GlobalLinker for MSME exporters to digitise their businesses. FIEO stands for________
    A) Federation of Indian Export Organisations
    B) Federation of Industrial Export Office
    C) Federation of Import Export Organisation
    D) Federation of Investment & Export Operation
    View Answer
      Option A
    Explanation:
    The Minister of Commerce & Industry Shri Suresh Prabhu launched the FIEO GlobalLinker– a digital platform for MSME exporters to digitise their businesses and join a global community of growing businesses today in New Delhi. The Minister congratulated Federation of Indian Export Organisations (FIEO) for coming out with the interesting idea. 

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