GA Revision for Syndicate and Canara Bank Exams — Set 84

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. The Lead Bank was introduced based on the recommendations of which committee?
    A) Narasimham committee
    B) Gadgil Study Group
    C) RH Khan Committee
    D) Usha Thorat Committee
    View Answer
      Option B
    Explanation:
    Lead Bank was introduced in 1969, based on the recommendations of the Gadgil Study Group on the organizational framework for the implementation of social objectives.
  2. According to Nomura’s Composite Leading Index (CLI) released recently, India’s GDP growth is likely to be around ______percent for 2018
    A) 7.4 Percent
    B) 7.2 Percent
    C) 7.5 Percent
    D) 7.1 Percent
    View Answer
      Option C
    Explanation:
    According to Japanese financial services major Nomura’s Composite Leading Index (CLI), Indian economy is expected to witness a sharp recovery in the January-March quarter and its GDP growth likely to be around 7.5 per cent for 2018.
  3. Where is the headquarters of World Chess Federation situated?
    A) Lausanne, Switzerland
    B) Moscow, Russia
    C) Ottawa, Canada
    D) Sydney, Australia
    View Answer
      Option A
    Explanation:
    The Federation Internationale des Echecs or World Chess Federation is an international organization that connects the various national chess federations around the world and acts as the governing body of international chess competition. It is usually referred to as FIDE
  4. Which of the following term is used for Sending money in UPI?
    A) PULL
    B) PUSH
    C) TRANSFER
    D) PUT
    View Answer
      Option B
  5. As per the recent data of the Comptroller General of Accounts (CGA), India’s fiscal deficit for the first eight months (April-November) of 2017-18 was pegged at _____ percent of the full year’s target.
    A) 112 percent
    B) 98 percent
    C) 122 percent
    D) 86 percent
    View Answer
      Option A
    Explanation:
    The data furnished by the Comptroller General of Accounts (CGA) showed that India’s budgetary fiscal deficit for the first eight months (April-November) of 2017-18 stood at 112 per cent — Rs 6.12 lakh crore — of the full year’s target of Rs 5.46 lakh crore.
  6. According to the 2018 Global Economics Prospect released by the World Bank, what is the projected GDP growth rate of India for the year 2018?
    A) 7.6%
    B) 7.5%
    C) 7.4%
    D) 7.3%
    View Answer
      Option D
    Explanation:
    World Bank has projected India’s growth rate at 7.3% in 2018 and 7.5% for the next two years. In its 2018 Global Economics Prospect released in Washington last night, the World Bank said, India has enormous growth potential compared to other emerging economies as an ambitious government undertakes comprehensive reforms.
  7. What is the currency of Yemen?
    A) Franc
    B) Dinar
    C) Rial
    D) Manat
    View Answer
      Option C
    Explanation:
    Capital: Sana’a
  8. India’s longest river bridge, Bhupen Hazarika Setu, in Assam is built over which river?
    A) Subansiri River
    B) Lohit River
    C) Brahmaputra River
    D) Dayang River
    View Answer
      Option B
  9. What is the expected growth rate of India’s GDP for the year 2018-19 according to the latest HSBC report?
    A) 7.8%
    B) 7.2%
    C) 7.5%
    D) 7.0%
    View Answer
      Option D
    Explanation:
    According to an HSBC report, India’s GDP growth rate is expected to accelerate to 7.0 per cent in 2018-19 from 6.5 per cent in this fiscal and improve further to 7.6 per cent by 2019-20 as key sectors would revive from disruptions related to the implementation of GST and demonetisation.
  10. According to the latest prediction by India Ratings and Research, India’s GDP is expected to grow at ________ percent in FY19 as compared to 6.5 percent in the current fiscal
    A) 6.7%
    B) 6.9%
    C) 7.1%
    D) 7.0%
    View Answer
      Option C
    Explanation:
    India Ratings and Research (Ind-Ra) has predicted that India’s gross domestic product (GDP) will grow at 7.1 per cent in FY19.
  11. Gaganjeet Bhullar is related to which sports?
    A) Shooting
    B) Wrestling
    C) Golf
    D) Football
    View Answer
      Option C
  12. What is the authorized capital of National Payments Corporation of India (NPCI)?
    A) Rs 100 crore
    B) Rs 200 crore
    C) Rs 250 crore
    D) Rs 300 crore
    View Answer
      Option D
    Explanation:
    Paid up capital-Rs 137 crore
  13. According to the latest government notification, the 8% Savings Bonds Scheme (RBI Bonds Scheme) is being replaced by _____ Savings Bonds Scheme
    A) 7.00%
    B) 7.75%
    C) 7.25%
    D) 7.50%
    View Answer
      Option B
    Explanation:
    The Department of Economic Affairs (DEA) has announced that the 8 per cent GoI savings bond is not closed but has been replaced by 7.75 per cent scheme. The news came a day after the government notified that the 8 per cent GOI Savings bond, 2003 shall cease for subscription from January 2, 2018.
  14. Who among the following is regarded as the Rocket Man of the Indian Space Research Organisation (ISRO)?
    A) Shailesh Nayak
    B) K Sivan
    C) Madhavan Chandradathan
    D) A. Sivathanu Pillai
    View Answer
      Option B
  15. The expected growth rate of Indian economy as estimated by India Inc for the year 2017-18 is above _____ percent due to favourable base effect
    A) 7.0%
    B) 6.9%
    C) 6.5%
    D) 6.4%
    View Answer
      Option C
    Explanation:
    India Inc expects the country’s 2017-18 economic growth to be above the 6.5 per cent-mark due to a favourable base effect.
  16. BSR of Scheduled Commercial Banks in India provides data on different dimensions of deposits and credit of the banking sector. What does S stands for in BSR?
    A) Saving
    B) Share
    C) Stock
    D) Statistical
    View Answer
      Option D
  17. According to the Central Statistics Office’s (CSO’s) latest estimate for India’s GDP growth rate, Indian economy is expected to grow at slower ____ percent in 2017-18 compared to the 7.1 per cent in 2016-17
    A) 6.9%
    B) 6.5%
    C) 6.8%
    D) 6.6%
    View Answer
      Option B
    Explanation:
    According to the estimate of national income for 2017-18 released by the Central Statistics Office (CSO), the Indian economy is expected to grow at a slower 6.5 per cent in 2017-18 compared to the 7.1 per cent in 2016-17.
  18. Kota in Rajasthan is situated along the banks of the river ____________
    A) Chambal
    B) Ganges
    C) Mahi
    D) Sabarmati
    View Answer
      Option A
  19. The Economic Research Department of State Bank of India (SBI) has estimated India’s GDP to grow at _____ percent in FY18 compared to 7.1 percent in FY17
    A) 6.4%
    B) 7.5%
    C) 6.5%
    D) 6.9%
    View Answer
      Option C
    Explanation:
    According to the Economic Research Department of State Bank of India (SBI), the GDP FY18 estimates are likely to grow at 6.5 percent compared to the growth rate of 7.1 percent in FY17.
  20. According to the latest report by the International Monetary Fund (IMF) in January 2018, what is the estimated growth rate of India for the year 2018?
    A) 7.8%
    B) 7.6%
    C) 7.5%
    D) 7.4%
    View Answer
      Option D
    Explanation:
    The International Monetary Fund (IMF) has projected India’s growth at 7.4 percent for 2018, as against China’s 6.8 percent, making it the fastest growing country among emerging economies. The IMF has also projected a 7.8 percent growth rate for India in 2019.

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