GA Revision for Dena Bank PO, RBI Grade B, SBI PO/Clerk — Set 141

GA Revision Questions for upcoming RBI Grade B 2018, SBI PO/Clerk 2018, Bank of India, Dena Bank PO 2018, NABARD 2018 and other upcoming exams.

1. A banking system performing all banking activities except borrowing and lending on the basis of interest is known as_________________
   A) Universal Banking
   B) Narrow Banking
   C) Islamic Banking
   D) Retail Banking
   
   View Answer

     Option C
   Explanation: An Islamic Bank is a deposit taking banking institution whose scope of activities includes all currently known  banking activities, excluding borrowing and lending on the basis of interest.
2. When is the Day of Remembrance for all Victims of Chemical Warfare observed annually?
   A) April 28
   B) April 29
   C) April 27
   D) April 26
   
   View Answer

     Option B
   Explanation: In November 2005 the UN decided to observe a memorial “Day of Remembrance for all Victims of Chemical Warfare” on April 29 each year. The date April 29 was chosen for this observance because it was when the Chemical Weapons Convention came into force.
3. Prakash Apte has recently been appointed as the part time Chairman of which bank?
   A) Kotak Mahindra Bank
   B) HDFC Bank
   C) Axis Bank
   D) Yes Bank
   
   View Answer

     Option A
   Explanation: Kotak Mahindra Bank announced the appointment of Prakash Apte as part-time chairman of the Bank for a period up to December 31, 2020, subject to regulatory approvals. The announcement follows the retirement of incumbent part-time chairman Dr. Shankar Acharya.
4. The Bhaduriya Saila Dance is a popular dance form of which state?
   A) Assam
   B) Himachal Pradesh
   C) West Bengal
   D) Punjab
   
   View Answer

     Option C
   Explanation: Bhaduriya Saila Dance is a popular dance form of West Bengal. It is performed during the Makar Sankranti festival. This dance form is performed exclusively by men folk.
5. Name the winner of the 2018 Stuttgart Open.
   A) Karolina Pliskova
   B) Simona Halep
   C) Coco Vandeweghe
   D) Sloane Stephens
   
   View Answer

     Option A
   Explanation: The Czech Republic’s Karolina Pliskova clinched the Stuttgart Open title after defeating the US wildcard Coco Vandeweghe. This was Pliskova’s first title of 2018 and the tenth of her career.
6. Which among the following is not one of three pillars of Basel III framework?
   A) Minimum capital standards
   B) Supervisory review
   C) Reputational Security
   D) Market Discipline
   
   View Answer

     Option C
   Explanation: Three pillars are: minimum capital, supervisor review and market discipline.
7. Which is the incorrect statement.
   A) Maharashtra government has signed an MoU with the British Council to strengthen educational and cultural cooperation.
   B) Haryana government has launched the ‘Gobardhan Scheme’ to convert waste into bio energy, gas and compost.
   C) Ministry of Drinking Water and Sanitation in association with Ministry of Human Resource Development and Ministry of Youth Affairs and Sports has launched the Swachh Bharat Summer Internship.
   D) All are correct
   
   View Answer

     Option D
8. The National Media Faculty Development Centre has recently been inaugurated by Cabinet Minister Smriti Irani in which of the following institutions?
   A) K.C. College of Arts, Science and Commerce, Mumbai
   B) Indian Institute of Mass Communication (IIMC), New Delhi
   C) Symbiosis Institute of Media & Communication, Pune
   D) Manipal Institute of Communications, Manipal
   
   View Answer

     Option B
   Explanation: Information and Broadcasting Minister Smriti Irani inaugurated the National Media Faculty Development Centre at the Indian Institute of Mass Communication (IIMC) in New Delhi.
9. Mario Abdo Benitez has been appointed as the President of which country?
   A) Paraguay
   B) Costa Rica
   C) Argentina
   D) Lebanon
   
   View Answer

     Option A
   Explanation: Paraguay’s ruling Colorado Party candidate Mario Abdo Benitez has won the presidential election.
10. Under ______market, the funds are transacted by banks on an overnight basis.
    A) Money Market
    B) Call Money Market
    C) Notice Money Market
    D) Term Money Market
    
    View Answer

      Option B
11. Name the mobile app launched by the government for allotment of General Pool Residential Accommodation (GPRA) through Automated System of Allotment (ASA)?
    A) m-Awas
    B) m-Niwas
    C) m-Basera
    D) m-Makaan
    
    View Answer

      Option A
    Explanation: Sh. Hardeep Puri, Minister of State for Housing and Urban Affairs (I/C) launched a Mobile App (m-Awas) for allotment of Government accommodations in General Pool Residential Accommodation (GPRA) in Delhi under the control of the Directorate of Estates.
12. The Dampa Tiger Reserve is located in__________
    A) Arunachal Pradesh
    B) Mizoram
    C) Kerala
    D) Goa
    
    View Answer

      Option B
    Explanation: Dampa Tiger Reserve is the largest wildlife sanctuary in Mizoram
13. Which country has topped the 2018 World Press Freedom Index?
    A) Singapore
    B) Netherlands
    C) Switzerland
    D) Norway
    
    View Answer

      Option D
    Explanation: Norway tops the chart, while North Korea has the worst press freedom in the world. India stands at 138, one place above Pakistan.
14. As per the government data, the tax collected from Goods and Services Tax (GST) in the first year for the period ending March 31, 2018 stood at_____________
    A) Rs 7.51 trillion
    B) Rs 7.61 trillion
    C) Rs 7.41 trillion
    D) Rs 7.31 trillion
    
    View Answer

      Option C
    Explanation:  India collected Rs 7.41 trillion in taxes in the first year of the Goods and Services Tax (GST) for the period ending March 31, 2018. However, the revenues for a good part of four months have not been accounted for because of the mid-year rollout and an accounting lag.
15. Apart from amounts maintained as Cash Reserve Ratio (CRR) with the Reserve Bank on its outside demand and time liabilities, a Payments Bank will be required to invest minimum _____ percent of its “demand deposit balances” in Statutory Liquidity Ratio(SLR) eligible Government securities/treasury bills with maturity up to one year
    A) 75%
    B) 25%
    C) 50%
    D) 60%
    
    View Answer

      Option A
    Explanation: Apart from amounts maintained as Cash Reserve Ratio (CRR) with the Reserve Bank on its outside demand and time liabilities, it will be required to invest minimum 75 per cent of its “demand deposit balances” in Statutory Liquidity Ratio(SLR) eligible Government securities/treasury bills with maturity up to one year and hold maximum 25 per cent in current and time/fixed deposits with other scheduled commercial banks for operational purposes and liquidity management.
16. How many agencies have been given the Letters of Intent (LOI) by the government for 22 monuments under its Adopt a Heritage project?
    A) 5
    B) 7
    C) 11
    D) 9
    
    View Answer

      Option D
    Explanation: Adopt Heritage project: Government awards LoI to 9 agencies for 22 monuments awarded Adopt Heritage project: Government awards LoI to 9 agencies for 22 monuments o protect, preserve and market the heritage of India. The scheme “Adopt a Heritage: Apni Dharohar, Apni Pehchaan” was originally launched on 27th September 2017 to preserve the rich cultural and natural heritage and to promote tourism across the length and breadth of our country. 
17. Which among the given Indian organisation/institution has been awarded the 2018 National Intellectual Property (IP) Award in the ‘Top R&D Institution/Organisation for Patents and Commercialisation category?
    A) Defence Research and Development Organization (DRDO)
    B) The Department of Atomic Energy
    C) Council of Scientific and Industrial Research (CSIR)
    D) Ministry of New and Renewable Energy
    
    View Answer

      Option C
    Explanation: The Council of Scientific and Industrial Research (CSIR) was on Thursday awarded the National Intellectual Property (IP) Award 2018 in the category ‘Top R&D Institution/Organisation for Patents and Commercialisation.
18. Where is the headquarters of Economic Cooperation Organization Trade and Development Bank (ETDB) situated?
    A) Istanbul, Turkey
    B) Moscow, Russia
    C) Lausanne, Switzerland
    D) Rome, Italy
    
    View Answer

      Option A
    Explanation:Headquarters: Şişli, Istanbul, Turkey ;Founded: 2005
19. Who has been sworn in as the Senior Colonel Commandant of the Army Medical Corps (AMC) recently?
    A) Lt Gen Satish Walia
    B) Lt Gen Bipin Puri
    C) Lt Gen Ranbir Singh
    D) Lt Gen J.K. Sharma
    
    View Answer

      Option B
    Explanation: Lt Gen Bipin Puri has taken over as Senior Colonel Commandant of the Army Medical Corps (AMC) on 26 April, 2018. He assumed the appointment of Director General Armed Forces Medical Services (DGAFMS) on 01 November 2017.
20. Which of the following extension of abbreviation does not match:
    A) BCSBI- Banking Codes and Standards Board of India
    B) BCBS- Banking Codes and Banking Standards
    C) BFS- Board for Financial Supervision
    D) BIFR- Board for Industrial and Financial Reconstruction
    
    View Answer

      Option B
    Explanation: BCBS-Basel Committee on Banking Supervision

Click here for Daily Current Affairs Questions

Click here for GA Revision Section