GA Revision for IBPS Clerk and RBI Exams — Set 33

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. Identify the true statement with respect to IMPS.
    A) Charges for remittance through IMPS are decided by NPCI
    B) Payment once initiated cannot be stopped
    C) IMPS service is not available on Sunday
    D) Customer cannot link the same mobile number to more than one account
    View Answer
      Option B
    Explanation:
    The charges for remittance through IMPS are decided by the individual member banks. IMPS service is available 24*7 all days of the year. The customer can link the same mobile number to more than one account subject to feasibility provided by the bank.
  2. The ‘Single Click Pension Delivery’ scheme has been launched by which state government?
    A) Madhya Pradesh
    B) Haryana
    C) Uttar Pradesh
    D) Goa
    View Answer
      Option A
    Explanation:
    Madhya Pradesh Chief Minister Shivraj Singh Chouhan launched ‘Single Click Pension Delivery’ scheme, wherein the money will go directly into the account of the beneficiaries. 
  3. Marble Palace is located at which of the following city?
    A) Kanpur
    B) Kolkata
    C) Varanasi
    D) Hyderabad
    View Answer
      Option B
    Explanation:
    Marble Palace is a palatial nineteenth-century mansion in North Kolkata.
  4. A Payments Banks is licensed as payments banks under which of the following acts?
    A) Companies Act, 2013
    B) Payment and Settlement Systems Act, 2007
    C) Banking Regulation Act, 1949
    D) Reserve Bank of India Act, 1934
    View Answer
      Option C
    Explanation:
    The banks will be licensed as payments banks under Section 22 of the Banking Regulation Act, 1949 as well as the Small Finance Banks are also licensed under Section 22 of the Banking Regulation Act, 1949. 
  5. Who among the following has been crowned as Miss India Australia 2017?
    A) Navneet Kaur
    B) Aarzu Singh
    C) Nibedita Pal
    D) Zenia Starr
    View Answer
      Option B
    Explanation:
    Aarzu Singh of Gold Coast, Queensland, has been crowned Miss India Australia 2017 in Sydney. Mallika Raj from Canberra was the runner-up.
  6. Name the first Indian state which has decided to set up a Scheduled Caste Advisory Council to look into the development of the Scheduled Caste population in the state
    A) Odisha
    B) Assam
    C) Andhra Pradesh
    D) West Bengal
    View Answer
      Option D
  7. Dr Shyama Prasad Mukherjee Stadium located in which state?
    A) Odisha
    B) Goa
    C) Kerala
    D) Madhya Pradesh
    View Answer
      Option B
  8. The Reserve Bank of India has decided to raise the shareholding limit of Asset Reconstruction Companies (ARCs). Earlier the ARC limit was capped at what percent?
    A) 26 Percent
    B) 30 Percent
    C) 20 Percent
    D) 16 Percent
    View Answer
      Option A
    Explanation:
    The RBI has decided to allow asset reconstruction companies to have higher holding than the 26 per cent cap set earlier with regard to limits on shareholding of the post-converted equity of a borrower company under reconstruction.
  9. How many banks merged with the State Bank of India on April 1, 2017?
    A) 4
    B) 5
    C) 6
    D) 7
    View Answer
      Option C
    Explanation:
    5 associate banks and 1 Bhartiya Mahila Bank
  10. Name the head of the panel that annually decides the awardees of Indira Gandhi Prize for Peace, Disarmament and Development
    A) Rajnath Singh
    B) Narendra Modi
    C) Pranab Mukherjee
    D) Sushma Swaraj
    View Answer
      Option C
    Explanation:
    A panel of jury, headed by former President Pranab Mukherjee, made the decision on the same. This award is given annually to individuals and organisations, recognising their efforts toward promoting international peace, development and a new international economic order.
  11. Which among the given days is not observed on 31 October?
    A) World Stroke Day
    B) World Savings Day
    C) Rashtriya Ekta Diwas
    D) World Cities Day
    View Answer
      Option A
  12. The government has decided to increase the New Fund Offer (NFO) size of Bharat 22 ETF from Rs. 8,000 crore to Rs. _______crore to fulfill the demand of retail investors and retirement funds.
    A) 21,500
    B) 17,500
    C) 14,500
    D) 15,500
    View Answer
      Option C
    Explanation:
    As per a notification from Department of Investment and Public Asset Management (DIPAM), in view of positive response from investors, the government has decided to increase the New Fund Offer (NFO) size of Bharat 22 ETF from Rs. 8,000 crore to Rs. 14,500 crore, to cater to the demand of retail investors and retirement funds.
  13. Name the 29th Chief Justice of India who passed away recently due to health issues
    A) Aziz Mushabber Ahmadi
    B) Sam Piroj Bharucha
    C) Madan Mohan Punchhi
    D) Adarsh Sen Anand
    View Answer
      Option D
    Explanation:
    Former Chief Justice of India (CJI) Adarsh Sen Anand has passed away after prolonged illness. He served as the 29th Chief Justice of India from 10 October 1998 to 31 October 2001
  14. What does E stands for in ECCS with respect to cheque clearing?
    A) Enabled
    B) Express
    C) Established
    D) Encrypted
    View Answer
      Option B
    Explanation:
    Express Cheque Clearing System (ECCS)
  15. India’s first Tribal Entrepreneurship Summit took place in which state?
    A) Punjab
    B) Haryana
    C) Uttar Pradesh
    D) Chhattisgarh
    View Answer
      Option D
    Explanation:
    India’s first Tribal Entrepreneurship Summit was organised at Dantewada in the Bastar region of Chhattisgarh. The event was organized by NITI Aayog in partnership with Government of United States of America. The event was a part of 8th Global Entrepreneurship Summit
  16. Who is the newly appointed President of the Indian Weightlifting Federation (IWLF)?
    A) Praful Patel
    B) Thomas Bach
    C) Birendra Prasad Baishya
    D) Narayana Ramachandran
    View Answer
      Option C
    Explanation:
    Birendra Prasad Baishya has been re-elected president of the Indian Weightlifting Federation (IWLF) in the Annual General Body Meeting.
  17. Where is the headquarters of Asian Infrastructure Investment Bank situated?
    A) Beijing, China
    B) Manila, Philippines
    C) Naypyidaw, Myanmar
    D) Paris, France
    View Answer
      Option A
    Explanation:
    The Asian Infrastructure Investment Bank (AIIB) is an multilateral development bank that aims to support the building of infrastructure in the Asia-Pacific region.
  18. The 2017 Bhimsen Joshi Award has been conferred upon whom?
    A) Bismillah Khan
    B) Ram Narayan
    C) Manik Bhide
    D) Sarita Pal
    View Answer
      Option C
    Explanation:
    Noted vocalist Manik Bhide has been chosen for the prestigious Bharatratna Pandit Bhimsen Joshi award for year 2017-18 for her contribution in the field of music.
  19. Kanjia Lake is a natural lake situated in which state?
    A) Odisha
    B) Kerala
    C) Goa
    D) Karnataka
    View Answer
      Option A
  20. A book titled “Dreamnation: Uniting a Country with Handwritten Dreams” contains the inspiring words of which leader?
    A) Pranab Mukherjee
    B) Narendra Modi
    C) Atal Bihari Vajpayee
    D) A.P.J. Abdul Kalam
    View Answer
      Option D
    Explanation:
    A book titled “Dreamnation: Uniting a Country with Handwritten Dreams” containing inspiring words of Dr A.P.J. Abdul Kalam is co-authored by Saji Mathew and Jubie John and published by Bloomsbury in collaboration with NGO LetterFarms.

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