GA Revision for SBI PO/Clerk, RBI Grade B — Set 150

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. Currently, Reserve Bank acts as banker to all the State Governments in India except ___________-.
    A) Sikkim
    B) Mizoram
    C) Nagaland
    D) Tripura
    View Answer
      Option A
    Explanation:
    Currently, the Reserve Bank acts as banker to all the State Governments in India (including Union Territory of Puducherry), except Sikkim. For Sikkim, it has limited agreement for management of its public debt. Since Sikkim joined the Indian Union in 1975, it has been granted special status under Article 371 F of the constitution. So RBI’s Jurisdiction doesn’t extend to Sikkim.
  2. Where is the headquarters of European Investment Bank situated?
    A) Romania
    B) Netherlands
    C) Slovenia
    D) Luxembourg
    View Answer
      Option D
    Explanation:
    The European Investment Bank (EIB) is the world’s largest international public lending institution. It is the European Union’s nonprofit long-term lending institution established in 1958 under the Treaty of Rome.
  3. Who among the following has recently been awarded the ‘Shanti Doot Award’ by the Sankat Mochan Mandir in Varanasi?
    A) Shabana Azmi
    B) Aamir Khan
    C) Javed Akhtar
    D) Rahul Bose
    View Answer
      Option C
    Explanation:
    Poet, litterateur, author, lyricist and activist Javed Akhtar has been awarded the ‘Shanti Doot’ award by one of the most revered temples in India — the Sankat Mochan Hanuman Mandir in Varanasi, Uttar Pradesh. The award has been instituted a peace price to honour exceptional messengers of peace.
  4. What does D stands for in FSDC in the financial sector of India?
    A) Demonstrate
    B) Discussion
    C) Development
    D) Dedicated
    View Answer
      Option C
    Explanation:
    Financial Stability and Development Council (FSDC) is an apex-level body constituted by the government of India. The idea to create such a super regulatory body was first mooted by the Raghuram Rajan Committee in 2008. Finally in 2010, the then Finance Minister of India, Pranab Mukherjee, decided to set up such an autonomous body dealing with macro prudential and financial regularities in the entire financial sector of India.
  5. Who among the following has been awarded the Best Actor award (female) at the 65th National Film Awards?
    A) Manisha Koirala
    B) Divya Dutta
    C) Sridevi
    D) Bhumi Pednekar
    View Answer
      Option C
    Explanation:
    Actor Sridevi posthumously won the Best Actress Award for her role in Hindi film Mom while Bengali actor Riddhi Sen got the Best Actor award for Nagar Kirtan. The Best Feature Film award went to Assamese film Village Rockstars. Actor Vinod Khanna was awarded the Dadasaheb Phalke Award.
  6. The 969- MW Neelum Jehlum Hydropower Project has been inaugurated in which of the following countries?
    A) Pakistan
    B) China
    C) Sri Lanka
    D) India
    View Answer
      Option A
    Explanation:
    Pakistan Prime Minister Shahid Khaqan Abbasi has inaugurated the first unit of a key hydropower mega project built with the financial and technical support of China in Pakistan-occupied Kashmir. The 969- MW Neelum Jehlum Hydropower Project near Muzaffarabad was announced more than 12 years ago.
  7. Assets that are no longer required for the operation of a business are called _______
    A) No Purpose Asset
    B) Current Assets
    C) Operating Assets
    D) Non-Core Assets
    View Answer
      Option D
    Explanation:
    Non-core assets are assets that are either not essential or simply no longer used in a company’s business operations. They usually serve companies best when extra cash is needed as they can often be sold. Some businesses sell their non-core assets in order to pay down their bank debt.
  8. What is the limit of fund transfer using UPI?
    A) Rs 20,000
    B) Rs 10,000
    C) Rs 50,000
    D) Rs 1 Lakh
    View Answer
      Option D
    Explanation:
    At present, the upper limit per UPI transaction is Rs. 1 Lakh.
  9. The 2018 World Robot Conference will be held in which country?
    A) United States
    B) India
    C) China
    D) Russia
    View Answer
      Option C
    Explanation:
    The 2018 World Robot Conference will be held in Beijing from August 15 to 19.
  10. Obligations under Prevention of Money Laundering Act 2002 is defined under which section?
    A) Section 6
    B) Section 8
    C) Section 10
    D) Section 12
    View Answer
      Option D
    Explanation:
    Section 12 of PMLA 2002
  11. World’s largest Indian Flag has recently been unfurled in which city of India as a tribute to the first war of the India’s independence?
    A) Hyderabad
    B) Guwahati
    C) Bengaluru
    D) Chandigarh
    View Answer
      Option A
    Explanation:
    Actor-turned-politician and Jana Sena Party founder Pawan Kalyan unfurled the national flag in Hyderabad, claimed to be the world’s largest Indian tricolour, to commemorate the first war of the country’s independence that took place in 1857. According to a party release, the flag was 122 feet in length and 183 feet in width.
  12. Where is the headquarters of Suryoday Small Finance Bank Ltd located?
    A) Ahmedabad
    B) Jaipur
    C) Mumbai
    D) Bengaluru
    View Answer
      Option C
    Explanation:
    Suryoday Micro Finance Private Ltd., Navi Mumbai
  13. Which country has clinched the four-nation Under-16 Football Tournament 2018 held in Serbia?
    A) Jordan
    B) Tajikistan
    C) Serbia
    D) India
    View Answer
      Option D
    Explanation:
    The Indian U-16 football team was crowned champions at the Four-Nation Tournament held in Serbia after they defeated Tajikistan 4-2 in the finals. The four-nation tournament was played between India, Serbia, Tajikistan and Jordan.
  14. Which bank has launched India’s first social media based cross border remittance facility for NRIs named Social Pay?
    A) ICICI Bank
    B) Federal Bank
    C) Axis Bank
    D) Yes Bank
    View Answer
      Option A
    Explanation:
    ICICI Bank has launched a cross-border remittance facility that can be used by NRIs for sending money to their friends and family in India through social media like WhatsApp and e-mail. Christened ‘Social Pay’, a sender needs to register on the remittance service application Money2India to transfer money to someone in India.
  15. The researchers have recently discovered the world’s longest sandstone cave named Krem Puri in which of the following states of India?
    A) Manipur
    B) Arunachal Pradesh
    C) Meghalaya
    D) Assam
    View Answer
      Option C
    Explanation:
    A 24,583-metre-long cave that was discovered in 2016 in Meghalaya has been found to be the world’s longest sandstone cave by the Meghalaya Adventurers’ Association. Called Krem Puri, it is also the second largest cave in India. It is over 6,000 metres longer than the current world record-holder for the longest sandstone cave, the Cueva Del Saman in Zulia, Venezuela.
  16. Which among the following has become North India’s first city to install Automatic Speed Gun Cameras with digital displays for traffic management?
    A) Patna
    B) Indore
    C) New Delhi
    D) Chandigarh
    View Answer
      Option D
    Explanation:
    Chandigarh has become the 1st city in North India to install Automatic Speed Gun Cameras with digital displays for traffic management. The high-tech speed cameras are equipped with night vision technology and will record the speed of oncoming traffic, helping Chandigarh Police to issue challans to anyone driving above the city speed limits.
  17. Name the mission launched by the government of Assam to spread message for toilet construction
    A) Mission Sambhav
    B) Mission Swacchta
    C) Mission Swavlambi
    D) Mission Suraksha
    View Answer
      Option A
    Explanation:
    Assam Chief Minister Sarbananda Sonowal launched the ‘Mission Sambhav’ campaign, which aims at spreading the message of toilet construction in 33 districts of the state. The scheme aims to promote mass mobilisation through public representatives, local units of security forces, NGOs, and colleges.
  18. Which among the given entities has recently launched two new services named Gold Gifting and Gold Savings Plan in an effort to enhance its wealth management offerings?
    A) Paytm
    B) Reliance Industries
    C) ICICI Bank
    D) Tata Group
    View Answer
      Option A
    Explanation:
    Mobile application based financial services platform Paytm has announced the launch of two new services – Gold Gifting and Gold Savings Plan as part of its wealth management offering, Paytm Gold. The company said the customers can now send 24K 999.9 purity gold to each other instantly – offering them a convenient gifting solution.
  19. Which among the following banks has collaborated with technology giant Google has collaborated with which bank to integrate its UPI based mobile app “Tez” to provide smoother access to bank’s customers?
    A) Federal Bank
    B) Bank of Baroda
    C) State Bank of India
    D) Union Bank of India
    View Answer
      Option C
    Explanation:
    Google announced a deeper integration with the State Bank of India (SBI) for its digital payment app “Tez” that will allow users to now create a SBI UPI Id — @oksbi and get access to exclusive offers for the SBI customers. “Tez” is built on the Unified Payments Interface (UPI), allowing users make payments from their bank accounts to other accounts from over 70 UPI-enabled banks.
  20. When is the World Day of Social Justice observed?
    A) February 19
    B) February 21
    C) February 20
    D) February 18
    View Answer
      Option C
    Explanation:
    Social Equality Justice day is a day recognizing the need to promote efforts to tackle issues such as poverty, exclusion and unemployment and is observed every year on 20th February. 

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