General Awareness Questions for IBPS Mains Exams – Day 1

Mentor for Bank Exams
General Awareness Questions for IBPS Mains Exams – Day 1
1. Book on Virat Kohli's consistency and winning formula "Winning like Virat: Think & Succeed like Kohli" is written by?
a) Devendra Prabhudesa
b) Vijay Lokapally
c) Abhirup Bhattacharya
d) Biswadeep Ghosh
e) Gulu Ezekiel
Answer: C)
Explanation: Book on Virat Kohli's consistency and winning formula "Winning like Virat: Think & Succeed like Kohli" is written by Abhirup Bhattacharya. The book discloses the secrets of the cricketer’s consistent form, while attempting to decode his philosophy towards life.

2. Which among the following company has acquired corporate travel services provider Air Travel Bureau?
a) Paytm
b) MakeMyTrip
c) Expedia
d) Yatra
e) Trivago
Answer: D)
Explanation: Online travel firm Yatra Online has acquired corporate travel services provider Air Travel Bureau. Yatra has agreed to acquire all outstanding shares of ATB and assume its debt. Acquisition will significantly strengthen the Yatra's position in the large and growing corporate travel market in India. ATB is India’s largest corporate travel services provider with gross bookings of Rs 1,500 cr.

3. Life Insurance Corporation (LIC) has signed an MoU with which bank to sell its insurance products?
a) Allahabad Bank
b) Central Bank of India
c) UCO Bank
d) Vijaya Bank
e) Karnataka Bank
Answer: E)
Explanation: Karnataka Bank Ltd has entered into a memorandum of understanding (MoU) with Life Insurance Corporation (LIC) of India for selling life insurance products of LIC. LIC is the largest insurer of the country with a death claim settlement ratio of over 99.90%.The bank will be able to provide vast choice of life insurance products to its customers across all its 769 branches with this MoU.

4. New India Assurance has tied up with which bank for distribution of its insurance products?
a) Canara Bank
b) Kotak Mahindra Bank
c) State Bank of India
d) Bank of Baroda
e) ICICI Bank
Answer: A)
Explanation: Canara Bank and New India Assurance Company have entered into a corporate agency arrangement for distribution of insurance products. Under the agreement, New India Assurance will offer leading general insurance products to the customers of Canara Bank. Tie-up will also offer personal products such as motor insurance, home insurance besides commercial policy coverages like fire insurance.

5. ______ has won the APQN Quality Award 2017 for International Co-operation in Quality Assurance?
a) National Assessment and Accreditation Council
b) Department of Higher Education
c) University Grants Commission
d) Distance Education Council
e) Rehabilitation Council of India
Answer: A)
Explanation: National Assessment and Accreditation Council has received APQN Quality Award 2017.NAAC has been awarded for its pro-active role in international quality assurance scenario. APQN Quality Award are among the most prestigious International Awards in quality assurance of higher education NAAC is an organisation that assesses and accredits institutions of higher education in India.

6. The technique used for printing ‘RESERVE BANK OF INDIA’ appearing on the face of the Indian currency notes is
a) Intaglio printing
b) Micro lettering
c) Latent printing
d) Screen printing
e) Laser Printing
Answer: A)
Explanation: Intaglio printing is the opposite of relief printing, in that the printing is done from ink that is below the surface of the plate. The design is cut, scratched, or etched into the printing surface or plate, which can be copper, zinc, aluminum, magnesium, plastics, or even coated paper.

7. Which committee has been formed for Desiltation of Ganga?
a) Chitale Committee
b) Bikbek Debroy Committee
c) KS Valdiya Committee
d) Injeti Srinivas Committee
e) Sivaramakrishnan committee
Answer: A)
Explanation: Chitale committee on Desiltation of Ganga has recommended a slew of measures which include Study reach wise sediment transport processes and establish annual sediment budgets to guide de-silting activities. The committee was constituted in July 2016 to prepare guidelines for desiltation of river Ganga.

8. Which of the following is not an area designated by RBI with respect to consumer rights relating to banking services?
a) Fair treatment and transparency
b) Fair and honest dealing
c) Right to maximum interest
d) Right to suitability
e) None of the above
Answer: C)
Explanation: The areas on which the RBI will be conducting surveys and supervision are - right to privacy, right to fair treatment & transparency, fair & honest dealing, right to suitability & right to grievance redress & compensation.

9. 1st World Tuna Day was celebrated on
a) May 2
b) May 3
c) May 1
d) April 19
e) None of the above
Answer: A)
Explanation: The United Nations has marked the 1st World Tuna Day on May 2nd with calls to conserve one of the globe's most popular fish to be caught and eaten. Tuna plays a critical role in sustainable development, food security, economic opportunity, and livelihoods of people around the world. The General Assembly established World Tuna Day in Dec to reinforce its importance to nations around the globe.

10. ‘Manimala’ is a banking scheme related to which of the following banks?
a) Bandhan Bank
b) IDBI Bank
c) Allahabad Bank
d) KarurVysya Bank
e) None of the above
Answer: D)
Explanation: KVB MANIMALA is a Monthly Deposit scheme meant for the persons who wish to invest a fixed sum of money every month with an intention to get a lump sum amount on the maturity of the deposits.

11. What is the theme for the 2017 World Oceans Day?
a) Healthy Oceans, Healthy Planet
b) Our Oceans, Our Future
c) Together we have the power to protect the ocean
d) Youth: the Next Wave for Change
e) Oceans of Life: Pick your favourite
Answer: B)
Explanation: World Oceans Day takes place every June 8 to remind everyone of the major role oceans have in everyday life. They are the lungs of our planet, providing most of the oxygen we breathe. World Oceans Day was officially recognized by UN in 2008. Oceans cover about two-thirds of surface of the Earth and are the very foundations of life. Theme for World Oceans Day 2017 is 'Our Oceans, Our Future'.

12. e-KYC is possible only for those who have
a) PAN number
b) Driving License
c) Ration Card
d) Aadhaar Number
e) Other than those given as options
Answer: D)
Explanation: While using the e-KYC service, one has to authorize through the Unique Identification Authority of India (UIDAI), by directly providing identity/address through biometric authentication to the bank or any business correspondent 

13. Large-scale naval drills “Joint Sea 2017” is being conducted between which two countries in the Baltic Sea?
a) China and Iraq
b) US and Australia
c) Russia and China
d) China and Pakistan
e) UK and US
Answer: C)
Explanation: China and Russia have started their large-scale naval drills - “Joint Sea 2017” in the Baltic Sea. Chinese-Russian military drills have been held every year since 2012, but they are conducting them in the Baltic for the first time. The Chinese destroyer, frigate and supply ship will spend a week training with the Russian navy off Kaliningrad.

14. Which of the following is not a member of Monetary Policy Committee?
a) PamiDua
b) Ravindra Dholakia
c) Chetan Ghate
d) Arvind Subramaniam
e) None of the above
Answer: D)
Central Government in September 2016 constituted the MPC as under:
1. Governor of the Reserve Bank of India – Chairperson, ex officio;
2. Deputy Governor of the Reserve Bank of India, in charge of Monetary Policy – Member, ex officio;
3. One officer of the Reserve Bank of India to be nominated by the Central Board – Member, ex officio;
4. Shri Chetan Ghate, Professor, Indian Statistical Institute (ISI) – Member;
5. Professor PamiDua, Director, Delhi School of Economics – Member; and
6. Dr. Ravindra H. Dholakia, Professor, Indian Institute of Management, Ahmedabad – Member.

15. Atal Pension Yojan is available to all citizens of India in the age group of
a) 18-45
b) 18-50
c) 18-40
d) 18-38
e) 18-36
Answer: C)
Explanation: APY is available to all citizens of India in the age group of 18-40 years. The subscribers base under Atal Pension Yojana has reached about 53 Lakhs. At present 235 Banks and Department of Post are involved in implementation of the scheme.