GA Revision for IBPS Clerk and RBI Exams — Set 26

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. Under which Act, AU Small Finance Bank has received the approval from Reserved Bank of India (RBI) to operate as Scheduled Commercial Bank?
    A) Banking Companies (Legal Practitioner Clients’ Accounts) Act–1949
    B) Banking Regulation Act, 1949
    C) Reserve Bank of India Act, 1934
    D) Industrial Finance Corporation of India Act–1948
    View Answer
      Option C
    Explanation:
    AU Small Finance Bank received approval from Reserved Bank of India (RBI) to operate as Scheduled Commercial Bank. AU Small Finance Bank’s name has now been included in the Second Schedule of Reserve Bank of India Act, 1934.
  2. Who headed the committee constituted to select the candidate for the post of editor-in-chief of Rajya Sabha TV (RSTV)?
    A) A Rama Krishna
    B) A Mohan Kataria
    C) A Mukund Lal
    D) A Surya Prakash
    View Answer
      Option D
    Explanation:
    A five-member committee, headed by Prasar Bharati Chairman A Surya Prakash, has been formed to select the candidate for the post of editor-in-chief of Rajya Sabha TV (RSTV).
  3. What is Gross Domestic Product?
    A) Cost of production of all final goods and services made in the country
    B) Cost of services made within the borders of a country in a year
    C) Market value of all final goods and services made in the country
    D) Market value of all final goods and services made within the borders of a country in a year
    View Answer
      Option D
  4. Which among the following days is observed on November 25?
    A) National Milk Day (India)
    B) Transgender Day of Remembrance
    C) International Day for the Elimination of Violence against Women
    D) International Day for Tolerance
    View Answer
      Option C
  5. Who has been appointed as the new CEO of the Association of Mutual Funds in India (AMFI)?
    A) Y.C. Deveshwar
    B) Bhaskar Bhatt
    C) NS Venkatesh
    D) R. Sridhar
    View Answer
      Option C
    Explanation:
    NS Venkatesh has been appointed as chief executive of the Association of Mutual Funds in India (AMFI).
  6. A book titled “Dreamnation: Uniting a Country with Handwritten Dreams” containing inspiring words of Dr A.P.J. Abdul Kalam has been co-authored by whom?
    A) John Nyren and Robert Nye
    B) Jeff Nuttall and Dorothy Mills
    C) Bryan Magee and Martin Madan
    D) Jubie John and Saji Mathew
    View Answer
      Option D
    Explanation:
    The book is co-authored by Saji Mathew and Jubie John and published by Bloomsbury in collaboration with NGO LetterFarms.
  7. Which of the following has become the first nation to accept Bitcoins as payment for its ‘investment citizenship’ program?
    A) Soloman Islands
    B) Philippines
    C) Vanuatu
    D) Greenland
    View Answer
      Option C
    Explanation:
    Vanuatu, a South Pacific archipelago, has become the first nation to accept Bitcoins as payment for its ‘investment citizenship’ program.
  8. Name the e-commerce company which has tied up with Union Textile Ministry to work directly with weavers and elevate their economic stature.
    A) Snapdeal
    B) Amazon
    C) Jabong
    D) Myntra
    View Answer
      Option D
    Explanation:
    E-commerce major Myntra launched its CSR initiative in association with the Union Textile Ministry, to work directly with weavers and elevate their economic stature.
  9. Commercial paper are issued by
    A) Company to a bank
    B) Banks to companies
    C) Bank to banks
    D) Company to its suppliers
    View Answer
      Option C=
  10. Birsa Munda Tribal University has been inaugurated in which country?
    A) Gujarat
    B) Rajasthan
    C) Bihar
    D) Jharkhand
    View Answer
      Option A
    Explanation:
    Gujarat Minister of State for Tribal Welfare Shabdasharan Tadvi inaugurated the Birsa Munda Tribal University in the tribal dominated Rajpipla town in Narmada district about 90 kms from Vododra.
  11. Kidambi Srikanth is associated with which sports?
    A) Tennis
    B) Golf
    C) Snooker
    D) Badminton
    View Answer
      Option D
    Explanation:
    Srikanth Kidambi is an Indian badminton player.
    Born: 7 February 1993, Guntur
    Coach: Pullela Gopichand
  12. What is the currency of Italy?
    A) European Franc
    B) European Peso
    C) European Dollar
    D) European Euro
    View Answer
      Option D
    Explanation:
  13. In the context of banking, what is CRAR?
    A) Current Risk and Return
    B) Current Ratio and Risk
    C) Capital to Risk Weighted Assets Ratio
    D) Capital to Risk and Return
    View Answer
      Option C
  14. Who among the following has been selected to be honoured with the 2017’s Indira Gandhi Prize for Peace, Disarmament and Development?
    A) Narendra Modi
    B) Manmohan Singh
    C) Atal Bihari Vajpayee
    D) Pratibha Patil
    View Answer
      Option B
    Explanation:
    Former Prime Minister Manmohan Singh will receive the Indira Gandhi Prize for Peace, Disarmament and Development this year for his leadership of the country between 2004 and 2014 and for enhancing India’s stature globally.
  15. Legendary poet Kunwar Narain who passed away on November 15, 2017 used to write in which language?
    A) Bengali
    B) Urdu
    C) Hindi
    D) Marathi
    View Answer
      Option C
    Explanation:
    Noted Hindi poet Kunwar Narain, who had been writing consistently for well over five decades, has passed away at the age of 90.
  16. Basel-II norms are associated with which of the following aspects of the banking industry?
    A) Risk Management
    B) Manpower Planning
    C) Retirement benefits for the employees
    D) Corporate Governance
    View Answer
      Option A
  17. The 2017 International Seminar on Indian Space Industry was held in which city?
    A) Kolkata
    B) New Delhi
    C) Mumbai
    D) Hyderabad
    View Answer
      Option B
    Explanation:
    A two-day international seminar focusing on the opportunities in the Indian space industry was held in New Delhi from November 21.
  18. The 2017 Asia Cup hockey championship has been won by which country?
    A) Pakistan
    B) China
    C) India
    D) Belarus
    View Answer
      Option C
    Explanation:
    The India women’s hockey team today qualified for next year’s World Cup by winning the Asia Cup hockey title. In a nail-biting final at Kakamigahara in Japan, they overcame China 5-4. 
  19. Dhirubhai Ambani Solar Park is situated in which state?
    A) Madhya Pradesh
    B) Rajasthan
    C) Maharashtra
    D) Haryana
    View Answer
      Option B
    Explanation:
    The Dhirubhai Ambani Solar Park at Dhursar village near Pokhran in the Jaisalmer district of Rajasthan is a 40 megawatt photovoltaic power station, commissioned in 2012.
  20. Which nationalised bank was the first to sponsor a Regional Rural Bank (RRB) in India?
    A) Syndicate Bank
    B) Bank of India
    C) Union Bank of India
    D) Central Bank of India
    View Answer
      Option A

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