GA Revision for IBPS 2017 and other Exams — Set 08

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. ECB is a means of raising funds from overseas. What is its full form?
    A) External Credit and Business
    B) Essential Commodities Borrowing
    C) External Commercial Borrowing
    D) Essential Commodity Buyers
    View Answer
      Option C
    Explanation:
    External commercial borrowing (ECBs) are loans in India made by non-resident lenders in foreign currency to Indian borrowers. They are used widely in India to facilitate access to foreign money by Indian corporations and PSUs (public sector undertakings).
  2. The Global Entrepreneurship Summit 2017 will be held in which of the following city?
    A) New Delhi
    B) Mumbai
    C) Bhopal
    D) Hyderabad
    View Answer
      Option D
    Explanation:
    The Global Entrepreneurship Summit to be held between 28th to 30th of November in Hyderabad will be inaugurated by Prime Minister Narendra Modi and Advisor to the US President, Ivanka Trump, who leads the U.S. delegation.
  3. RBI has increased foreign portfolio investors’ limit on investment in government bonds by___ Crore in October 2017.
    A) Rs 12,200
    B) Rs 13,200
    C) Rs 14,200
    D) Rs 15,200
    View Answer
      Option C
  4. What is the current Statutory Liquidity Ratio (SLR) as announced by the Monetary Policy Committee (MPC) of the Reserve Bank of India in October, 2017?
    A) 19.75%
    B) 19.50%
    C) 20.00%
    D) 20.50%
    View Answer
      Option B
    Explanation:
    Repo Rate: Unchanged at 6%
    Revrese Repo Rate: Unchanged at 5.75%
    Marginal Standing Facility (MSF) Rate: Unchanged at 6.25%
    Bank Rate: Unchanged at 6.25%
    Cash Reserve Ratio: Unchanged at 4%
    Statutory Liquidity Ratio (SLR): Changed by 50 basis points to 19.5%
  5. Who is the appointing authority for the banking ombudsman?
    A) RBI
    B) Finance Ministry
    C) PMO
    D) Team of PM, Finance Minister and RBI Governor
    View Answer
      Option A
  6. Project Nishchay has been launched by which of the following banks to improve its financial performance ?
    A) SIDBI
    B) IDBI Bank
    C) ICICI Bank
    D) Axis Bank
    View Answer
      Option B
    Explanation:
    Public sector lender IDBI Bank has initiated a turnaround plan – ‘Project Nishchay’ in consultation with The Boston Consulting Group (BCG). The project aims to accelerate the struggling lender’s turnaround programme and improve financial performance. The project will be led by senior management at IDBI Bank along with BCG.
  7. Federal Reserve is the Central Bank of which among the given countries?
    A) USA
    B) Russia
    C) Britain
    D) Canada
    View Answer
      Option A
    Explanation:
    The Federal Reserve System is the central banking system of the United States.
  8. Union Home Minister Rajnath Singh has launched a web portal called ‘PENCIL’. Expand PENCIL.
    A) Platform for Effective Enforcement for Never Child Labour
    B) Platform for Effecient Enforcement for No Child Labour
    C) Platform for Effective Enrollment for No Child Labour
    D) Platform for Effective Enforcement for No Child Labour
    View Answer
      Option D
    Explanation:
    Union Home Minister Rajnath Singh has launched a web portal called ‘PENCIL’ for effective implementation of the National Child Labour Project, (NCLP) in the National Conference on Child Labour organized by Ministry of Labour & Employment.
  9. India is collaborating with which of the following country to build the Roppur nuclear power plant in Bangladesh?
    A) China
    B) Pakistan
    C) Russia
    D) USA
    View Answer
      Option C
    Explanation:
    India is collaborating with Russia to build the Roppur nuclear power plant in Bangladesh, the first initiative under a Indo-Russia deal to undertake atomic energy projects in third countries.
  10. Name the player to win the Singapore Grand Prix.
    A) Lewis Hamilton
    B) Sebastian Vettle
    C) Valtteri Bottas
    D) Michael Kors
    View Answer
      Option A
    Explanation:
    Three times world champion Lewis Hamilton has registered victory at the Singapore Grand Prix.
  11. What would be the estimated percentage of Non-Performing Asset by March 2018 according to Crisil Rating?
    A) 10.5%
    B) 10.6%
    C) 10.7%
    D) 10.8%
    View Answer
      Option A
    Explanation:
    Crisil Ratings said the 9.5 per cent NPA figure for March 2017 recognized by banks includes only two-thirds of the overall stressed assets or non-performing assets, and estimated the bad loan ratio to rise by 1 percentage point to 10.5 per cent by March 2018.
  12. Rana Pratap Sagar Dam is located in which state?
    A) Sikkim
    B) Punjab
    C) Rajasthan
    D) Jammu & Kashmir
    View Answer
      Option C
  13. Dalkhai is the most popular folk dance of which of the following Indian state?
    A) Assam
    B) Odisha
    C) Kerala
    D) Arunachal Pradesh
    View Answer
      Option B
  14. Who has been awarded the Nobel Prize in economics for the year 2017?
    A) Richard H. Thaler
    B) Oliver Hart
    C) Bengt Holmström
    D) Angus Deaton
    View Answer
      Option A
    Explanation:
    The Nobel economics prize has been awarded to Richard H. Thaler “for his contributions to behavioural economics”.
  15. What is the budget of first ever All India Institute of Ayurveda (AIIA), an apex institute under the ministry of AYUSH?
    A) Rs 175 crore
    B) Rs 167 crore
    C) Rs 145 crore
    D) Rs 157 crore
    View Answer
      Option D
    Explanation:
    The All India Institute of Ayurveda, set up on a total area of 10.015 acres on a budget of Rs 157 crore, is the first medical institute under the AYUSH ministry to hold the coveted National Accreditation Board for Hospitals and Healthcare Providers (NABH) accreditation.
  16. Which country will host the 2nd World Congress on Marxism in May 2018?
    A) China
    B) India
    C) USA
    D) Pakistan
    View Answer
      Option A
    Explanation:
    The 2nd World Congress on Marxism is scheduled to be held in Peking University in Beijing, China in May 2018.
  17. Name the player to win ‘The Best FIFA Men’s Player’ award at the 2017 Best FIFA Awards.
    A) Neymar
    B) Gonzalo Higuain
    C) Lionel Messi
    D) Cristiano Ronaldo
    View Answer
      Option D
    Explanation:
    Real Madrid star Cristiano Ronaldo won ‘The Best FIFA Men’s Player’ award, while Lieke Martens was named best female player and Oliver Giroud won best goal.
  18. Chimmini Wildlife sanctuary is situated in which state?
    A) Tamil Nadu
    B) Kerala
    C) Karnataka
    D) Maharashtra
    View Answer
      Option B
  19. Name the first Indian state to grant Indian citizenship to Hindu families who migrated from Pakistan several years ago.
    A) Maharashtra
    B) Chhattisgarh
    C) Bihar
    D) Haryana
    View Answer
      Option B
    Explanation:
    As many as 51 Hindu families who had migrated from Pakistan several years ago and have been living on the outskirts of Raipur were granted Indian citizenship. Chhattisgarh has become the first state in the country to award citizenship after Prime Minister Narendra Modi granted the power to states to do so.
  20. Which of the following is a term used for a contract to buy or sell an asset on a future date at a price specified today?
    A) Swaps
    B) Forwards
    C) Futures
    D) Options
    View Answer
      Option C
    Explanation:
    In finance, a futures contract (more colloquially, futures) is a standardized forward contract, a legal agreement to buy or sell something at a predetermined price at a specified time in the future.

 

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