GA Revision for IBPS Clerk and Syndicate Bank Exams — Set 83

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 incorrect statement(s)
    i.There is no limit on transaction through NEFT
    ii.The minimum amount that can be transacted through RTGS is Rs 2 lakh.
    iii.UPI is based on the Immediate Payment Services (IMPS) infrastructure
    iv. BHIM allows daily transaction limit of Rs 20,000
    A) Only iv
    B) Only iii
    C) Both iii & iv
    D) All are Correct
    View Answer
      Option D
  2. Based on the report by Nomura, the current account deficit (CAD) of India for the financial year 2017-18 is expected to be around ________ percent of gross domestic product (GDP)
    A) 2.1 %
    B) 1.5 %
    C) 1.0 %
    D) 2.9 %
    View Answer
      Option B
    Explanation:
    According to the Japanese financial services major, Nomura’s report, India’s current account deficit (CAD) for this financial year is expected to be around $40 billion, or 1.5% of gross domestic product (GDP).
  3. The Salim Ali Bird Sanctuary is located in which state of India?
    A) Maharashtra
    B) Uttar Pradesh
    C) Goa
    D) Punjab
    View Answer
      Option C
  4. The DBS Bank has lowered India’s GDP forecast for 2017-18 to _______ percent from previous estimate of 6.8 percent.
    A) 6.6 Percent
    B) 6.9 Percent
    C) 6.7 Percent
    D) 6.5 Percent
    View Answer
      Option A
    Explanation:
    Singapore’s DBS Bank lowered India’s GDP growth forecast for the current fiscal to 6.6 per cent from the previous 6.8 per cent, citing that businesses were “still adjusting” to the new GST regime and there were “limited room” for fiscal support. The bank, however, expects that the Indian economy will recover in fiscal 2019 and achieve a growth rate of 7.2 per cent.
  5. Mount Kosciuszko is the highest mountain peak of which continent?
    A) Europe
    B) Asia
    C) North America
    D) Australia
    View Answer
      Option D
  6. According to the report by the Central Statistics Office (CSO), India’s GDP growth recovered by how much percent in the second quarter (July-September) of 2017-18?
    A) 6.3 Percent
    B) 6 Percent
    C) 6.7 Percent
    D) 6.5 Percent
    View Answer
      Option A
    Explanation:
    The data released by the Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation estimated GDP for the second quarter (July-September) Q2 of 2017-18. According to it, India’s Gross Domestic Products (GDP) surged by 6.3 percent in the September quarter, thus indicating healing in the Indian economy from the shake off of Demonetisation and Goods and Services Tax (GST) last year.
  7. India’s first mobile app for merchants, Eazypay, to accept payments on mobile phone through multiple digital modes was launched by which bank?
    A) Federal Bank
    B) Dhanalakshmi Bank
    C) ICICI Bank
    D) Yes Bank
    View Answer
      Option C
    Explanation:
    A first-of-its kind application, ‘Eazypay’ offers customers the improved convenience of paying by using their mobile phone through Unified Payment Interface (UPI), any credit / debit card & internet banking, and ‘Pockets’, digital wallet of ICICI Bank.
  8. In Fitch’s December Global Economic Outlook, India’s GDP growth has been lowered to ____ percent from the previous 6.9 percent for the FY18.
    A) 6.8 %
    B) 6.7 %
    C) 6.5 %
    D) 6.6%
    View Answer
      Option B
    Explanation:
    According to Fitch’s December Global Economic Outlook (GEO), the global ratings agency reduced the growth forecast for the fiscal year to end-March 2018 (FY18) to 6.7% from 6.9%. It has also lowered India’s growth forecast for FY’19 to 7.3% from 7.4% earlier.
  9. The Scissor Cup is associated with which sports?
    A) Football
    B) Hockey
    C) Golf
    D) Table Tennis
    View Answer
      Option A
  10. The Reserve Bank of India has projected the real GVA growth of India for FY18  at ____ percent in its fifth bi-monthly policy review of current fiscal
    A) 6 %
    B) 6.5 %
    C) 6.7 %
    D) 6.9 %
    View Answer
      Option C
    Explanation:
    RBI has maintained its projection for FY18 real GVA growth at 6.7 per cent, saying the risks are evenly balanced. RBI also expects the inflation to stay in 4.3-4.7 per cent in December and March quarters.
  11. When is the Braille Day observed?
    A) December 19
    B) January 4
    C) January 11
    D) December 7
    View Answer
      Option B
    Explanation:
    World Braille Day is annually celebrated on January 4 to commemorate the birthday of Braille inventor, Louis Braille.
  12. According to the global financial services major Morgan Stanley, what is the projected GDP growth rate of Indian economy for the year 2018?
    A) 7.4%
    B) 7.1%
    C) 7.7%
    D) 7.5%
    View Answer
      Option D
    Explanation:
    According to global financial services major Morgan Stanley, the Indian economy is expected to witness cyclical growth recovery, with real gross domestic product (GDP) growth likely to accelerate from 6.4% this year to 7.5% in 2018 and further to 7.7% in 2019.
  13. What is the tag line of Dena Bank?
    A) Trusted Family Bank
    B) One Family One Bank
    C) Your Tech-Friendly Bank
    D) Honours Your Trust
    View Answer
      Option A
  14. As per Nomura’s latest prediction, India’s economy is expected to grow at ______ percent in 2018.
    A) 7%
    B) 7.2%
    C) 7.5%
    D) 7.7%
    View Answer
      Option C
    Explanation:
    Global investment bank Nomura has predicted India’s economy to register a 7.5 per cent growth rate in 2018, saying it is on the cusp of a cyclical recovery.
  15. Appeal against NCLAT (National Company Law Appellate Tribunal) is defined under which section of the Companies Act, 2013?
    A) Section 370
    B) Section 410
    C) Section 480
    D) Section 350
    View Answer
      Option B
  16. Based on the 2018 World Economic Situation and Prospects report by UN, India’s GDP is projected to grow by how much percent in the year 2018?
    A) 7.2%
    B) 7.3%
    C) 7.4%
    D) 7.5%
    View Answer
      Option A
    Explanation:  
    According to UN’s ‘World Economic Situation and Prospects 2018’ report, Indian economy is likely to grow by 7.2% in 2018 and go up further to 7.4% in the following year on the back of strong private consumption, public investment and the ongoing structural reforms.
  17. The International Maritime Organization is located in which country?
    A) Paris, France
    B) New York, United States
    C) Vienna, Austria
    D) London, United Kingdom
    View Answer
      Option D
  18. In its recent prediction, the Asian Development Bank (ADB) has lowered India’s GDP growth for 2017-18 from previous 7 percent to _____ percent.
    A) 6.6 percent
    B) 6.7 percent
    C) 6.5 percent
    D) 6.4 percent
    View Answer
      Option B
    Explanation:
    The Asian Development Bank (ADB) lowered its Indian GDP forecast for the current financial year to 6.7 per cent citing tepid growth in the first half, demonetisation and transitory challenges posed by implementation of GST. It also revised its Indian Gross Domestic Product outlook for the 2018-19 fiscal down to 7.3 per cent, from 7.4 per cent.
  19. In a Post Office Savings Bank (POSB) Account, at least _____ transaction of deposit/withdrawal in _____ financial years is necessary to keep the account active.
    A) 1, 2
    B) 2, 3
    C) 1, 3
    D) 2, 1
    View Answer
      Option C
    Explanation:
    At least one transaction of deposit or withdrawal in three financial years is necessary to keep the account active.
  20. In its recent predictions the United Nation has projected India’s GDP for the year 2018 at ____ percent
    A) 7.2 Percent
    B) 7 Percent
    C) 7.5 Percent
    D) 7.7 Percent
    View Answer
       Option A
    Explanation:
    The UN, in its latest report, projected India’s growth rate to be 7.2 per cent in 2018 and 7.4 per cent in 2019. India can achieve an 8% growth rate for the next two decades by promoting investment and improving the living conditions of its people.

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