GA Revision for IBPS Clerk and RBI Exams — Set 68

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. Which state will host the 105th Session of the Indian Science Congress in 2018?
    A) Manipur
    B) Meghalaya
    C) Assam
    D) Mizoram
    View Answer
      Option A
    Explanation:
    Manipur Central University, Imphal, will host the 105th Session of the Indian Science Congress during March 18-22, 2018. 
  2. The 2017 World Conference on Vedas, “Vishwa Ved Sammelan” was inaugurated in which city?
    A) Mumbai
    B) Kolkata
    C) Varanasi
    D) New Delhi
    View Answer
      Option D
    Explanation:
    Vice President of India, M. Venkaiah Naidu, inaugurated the World Conference on Vedas, “Vishwa Ved Sammelan”, in New Delhi. 
  3. A market structure in which the market is dominated by a single buyer is known as_____
    A) Micropony
    B) Monopcoly
    C) Monopsony
    D) Microsony
    View Answer
      Option C
    Explanation:
    A monopsonist has the market power to set the price of whatever it is buying (from raw materials to labour)
  4. Which of the following words has been declared as the Word of the Year 2017 by Oxford English Dictionaries?
    A) Fake News
    B) Youthquake
    C) Feminism
    D) Populism
    View Answer
      Option B
    Explanation:
    The Oxford English has come out with its Word of the Year, and it’s a word called — youthquake. Oxford’s definition is as follows: “A significant cultural, political, or social change arising from the actions or influence of young people.”
  5. Only those non-bank entities which have been authorised by RBI under the ______________________ can issue Pre-paid Payment Instrument (PPI) wallets.
    A) Banking Regulation Act, 1949
    B) Reserve Bank of India Act, 1934
    C) Companies Act, 1956
    D) Payment and Settlement Systems Act, 2007
    View Answer
      Option D
    Explanation:
    On March 31, 2017, RBI issued advisory on E-wallets.
    It told the users of Pre-paid Payment Instruments (PPIs), including mobile and electronic wallets, that only non-bank entities authorised by it under the Payment and Settlement Systems Act, 2007 can issue PPI wallets for purchase of goods and services from third parties and money transfer within India.
  6. Name the first Indian state to implement the social audit law making social audit of government programmes and schemes a part of government practice
    A) Sikkim
    B) Gujarat
    C) Meghalaya
    D) Haryana
    View Answer
      Option C
    Explanation:
    Meghalaya became the first state in India to operationalise a law that makes social audit of government programmes and schemes a part of government practice after the state government launched ‘The Meghalaya Community Participation and Public Services Social Audit Act, 2017’.
  7. The Rangpo city in Sikkim is situated along the bank of the river _______
    A) Teesta
    B) Mutha
    C) Ulhas
    D) Koshi
    View Answer
      Option A
  8. Which country hosted the first ever International Wheelchair Cricket Tournament?
    A) Sri Lanka
    B) Bangladesh
    C) India
    D) Nepal
    View Answer
      Option D
    Explanation:
    The first ever International Wheelchair Cricket Tournament was organised in Nepal’s Kathmandu. The tournament has participation of teams from Nepal, India and Bangladesh.
  9. Define Acid test ratio
    A) Ratio that measures the number of times that a firm pays off its suppliers during the accounting period
    B) Ratio that measures the ability of a company to use its near cash or quick assets to extinguish or retire its current liabilities
    C) Ratio that measures whether or not a firm has enough resources to meet its short-term obligations
    D) Ratio that measures how long a firm will be deprived of cash if it increases its investment in resources in order to expand customer sales
    View Answer
      Option B
    Explanation:
    The quick ratio or acid test ratio is a liquidity ratio that measures the ability of a company to pay its current liabilities when they come due with only quick assets. Quick assets are current assets that can be converted to cash within 90 days or in the short-term.
  10. The President of India, Shri Ram Nath Kovind, laid the foundation stone of the Nyaya Gram project of which High Court in December 2017?
    A) Allahabad High Court
    B) Bombay High Court
    C) Delhi High Court
    D) Patna High Court
    View Answer
      Option A
    Explanation:
    The President of India, Shri Ram Nath Kovind, laid the foundation stone of the Nyaya Gram project of the High Court of Allahabad in Allahabad
  11. Accra is the capital of which country?
    A) Czech Republic
    B) Ethiopia
    C) Ghana
    D) Fiji
    View Answer
      Option C
  12. Name the telecom company that has entered into understanding with Tata group to takeover Consumer Mobile Businesses (CMB) of Tata Teleservices
    A) Vodafone
    B) Reliance Communications
    C) Aircel
    D) Bharti Airtel
    View Answer
      Option D
    Explanation:
    Bharti Airtel and Tata have entered into an understanding to merge Consumer Mobile Businesses (CMB) of Tata Teleservices Ltd (TTSL) and Tata Teleservices Maharashtra Ltd (TTML) into Bharti Airtel.
  13. The Institute for Development and Research in Banking Technology (IDRBT) is situated in______
    A) Mumbai
    B) Mangalore
    C) Hyderabad
    D) Bhopal
    View Answer
      Option C
    Explanation:
    The Institute for Development & Research in Banking Technology (IDRBT) is a unique institution exclusively focused on Banking Technology. Established by the Reserve Bank of India (RBI) in 1996, the Institution works at the intersection of Banking and Technology. It is located in Hyderabad, India.
  14. India’s first ever design university, World University of Design, has been inaugurated in which state?
    A) Maharashtra
    B) Haryana
    C) Karnataka
    D) Punjab
    View Answer
      Option B
    Explanation:
    India’s first and only design university, World University of Design opened it campus at Sonipat, Haryana. The campus is situated on NH1 in Rajiv Gandhi Education City (NCR), Sonipat, the largest planned integrated city for education in India.
  15. Kathakali, one of the most attracting classical Indian dance, originated in which state?
    A) Kerala
    B) Tamil Nadu
    C) Andhra Pradesh
    D) Karnataka
    View Answer
      Option A
  16. The Government of India has signed loan agreement worth USD _______ million with the World Bank for the Tamil Nadu Irrigated Agriculture Modernization Project
    A) USD 305 million
    B) USD 300 million
    C) USD 350 million
    D) USD 318 million
    View Answer
      Option D
    Explanation:
    The Government of India, along with the Government of Tamil Nadu signed a USD 318 million loan agreement with the World Bank, for the Tamil Nadu Irrigated Agriculture Modernization Project to promote climate resilient agriculture technologies, improve water management practices, and increase market opportunities for small and marginal farmers.
  17. IIBs are debt market securities offered by the government, and even some corporations with a view to protect your savings from inflation. What does middle letter I stands for in IIB?
    A) Inflation
    B) Indexed
    C) Information
    D) Investment
    View Answer
      Option B
    Explanation:
    Inflation-indexed bonds 
  18. Which state has launched free household power connection scheme named ‘Prakash hai to vikas hai’ for the poor in the state?
    A) Uttar Pradesh
    B) Madhya Pradesh
    C) Bihar
    D) Haryana
    View Answer
      Option A
    Explanation:
    Uttar Pradesh government has launched a free household power connection scheme ‘Prakash hai to vikas hai’ for the poor in the state to mark former prime minister Atal Bihari Vajpayee’s birthday on 25th December. Under the news scheme the government has a target of covering 16 million by the end of 2018.
  19. Where is the Veer Savarkar International Airport located?
    A) Gujarat
    B) Andaman & Nicobar Islands
    C) Bihar
    D) Madhya Pradesh
    View Answer
      Option B
  20. The start-up incubation centre named Centre for Entrepreneurship Opportunities and Learning (CEOL) has recently been inaugurated in which state?
    A) Telanaga
    B) Tamil Nadu
    C) Karnataka
    D) Goa
    View Answer
      Option C
    Explanation:
    Nirmala Sitharaman has launched a start-up incubation centre called the Centre for Entrepreneurship Opportunities and Learning (CEOL) in Mangaluru, Karnataka. She has allocated Rs. 1.5 crore from her MPLAD (Member of Parliament’s Local Area Development) scheme for the development of CEOL.

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