General Awareness Questions for IBPS Mains Exams – Day 5

Mentor for Bank Exams
General Awareness Questions for IBPS Mains Exams – Day 5
1. Who amongst the following has acted in the 'Black Prince'?
a)    Shabana Azmi
b)    Priyanka Chopra
c)     Deepika Padukone
d)    Irfan Khan
e)    Anupam Kher
Answer: A)
Explanation: Hollywood film 'The Black Prince', featuring Satinder Sartaaj and Shabana Azmi, was awarded the Special Jury Remi Award at the Worldfest-Houston International Film Festival.

2. The Securities and Exchange Board of India (SEBI), on March 25 barred which company from dealing in equity derivatives futures and options segment for a period of one year?
a)    Aditya Birla
b)    Reliance
c)     Essar
d)    Sahara
e)    Wadia
Answer: B)
Explanation: SEBI barred Reliance Industries(RIL), the country's second most valued firm, and 12 other entities from dealing in equity derivatives futures and options segment for a period of one year, directly or indirectly, for allegedly indulging in fraudulent trades in Reliance Petroleum in 2007.

3. Most Literate Union Territory in India according to census 2011 is?
a)    Lakshdweep
b)    Andaman and nicobar
c)     Dadar and Nagar Haveli
d)    Puducherry
e)    Daman and Deev
Answer: A)
Explanation: Most Literate Union Territory in India according to census 2011 is Lakshdweep (91.85 %).

4. Which of the following committees was set up to oversee recalibration of ATM machines?
a)    Nachiket Mor Committee
b)    NR VIshwanathan Committee
c)     SS Mundra Committee
d)    Urjit Patel Committee
e)    None of these
Answer: C)
Explanation: Reserve Bank of India (RBI) had set up a task force under Deputy Governor SS Mundra to oversee the recalibration of ATM machines after the government introduced new Rs 500 and Rs 2, 000 notes.

5. Name the commission setup by the Haryana government to probe the violence during the 2016 Jat quota agitation.
a)    Nachiket Commission
b)    Jha Commission
c)     Punchi Commission
d)    Sinha Commission
e)    Rajput Commission
Answer: B)
Explanation: The Jha Commission is probing the violence during the Jat quota agitation. On April 21 it got a second extension of six months to complete its investigation into the conspiracy angle in the violence. The commission is headed by SN Jha and NC Padhi.

6. 'Kesar; is a variety of which fruit for which India is famous?
a)    Apple
b)    Banana
c)     Guava
d)    Pear
e)    Mango
Answer: E)
Explanation: For the first time, Australia will sell 'Kesar' variety of Indian mangoes.Kesar mango is grown in the foothills of Girnar in India. The mango is known for its bright orange coloured pulp and was given the geographical indication status in 2011.

7. In which country is the International Cricket Council (ICC) headquartered?
a)    United Arab Emirates
b)    UK
c)     Australia
d)    New Zealand
e)    South Africa
Answer: A)
Explanation: The International Cricket Council (ICC) is headquartered in Dubai, United Arab Emirates. It is the international governing body of cricket. It was founded as the Imperial Cricket Conference in 1909 by representatives from England, Australia and South Africa, renamed the International Cricket Conference in 1965, and took up its current name in 1989. The ICC has 106 members: 10 Full Members that play Test matches, 38 Associate Members, and 57 Affiliate Members.

8. India on signed a $2 billion defence deal with which country for supplying advanced medium-range surface-to-air missile systems (MRSAM)?
a)    USA
b)    Russia
c)     Israel
d)    France
e)    Sweden
Answer: C)
Explanation: Israel has signed a $2 billion contract with India to supply it with missile defence systems. Israel Aerospace Industries (IAI) in an announcement said that it has been awarded its largest defence contract of almost $2 billion for supplying advanced medium-range surface-to-air missile systems (MRSAM) to India.

9. Many times we read a term ‘Hot Money’ in newspapers. What is/are the characteristics of Hot Money?
I. The term is used for fresh currency notes issued by the RBI.
II. It is the fund which flows in the market to take advantage of high interest rates.
III. It is the fund which is thrown in the market to create imbalance in the stock markets.
Select the correct answer using the codes given below
a)    Only I
b)    Only II
c)     Only III
d)    All of these
e)    None of these
Answer: B)
Explanation: “Hot money” refers to funds that are controlled by investors who actively seek short-term returns. These investors scan the market for short-term, high interest rate investment opportunities. A typical short-term investment opportunity that attracts "hot money" is the certificate of deposit.

10. What does PIN stands for?
a)    Password Identification Number
b)    Public Identification Number
c)     Private Identification Number
d)    Personal Identification Number
e)    None of these
Answer: D)
Explanation: PIN stands for Personal Identification Number which is allocated to an individual and used to validate electronic transactions.

11. Valmiki National Park and Wildlife Sanctuary is situated in
a)    Bihar
b)    Jharkhand
c)     Uttarakhand
d)    Uttar Pradesh
e)    Haryana
Answer: A)
Explanation: Valmiki National Park and Wildlife Sanctuary is located in the West Champaran district of Bihar state, India. The extensive forest area of Valmikinagar was previously owned by the Bettiah Raj and Ramanagar Raj until the early 1950s.

12. Where is the headquarters of the Bank for International Settlement (BIS) situated?
a)    Manila
b)    Chicago
c)     Switzerland
d)    Washington D.C
e)    Kuala Lumpur
Answer: C)
Explanation: Bank for International Settlement (BIS) situated in Basle, Switzerland.

13. The insurance companies collect a fixed amount from its customers at a fixed interval of time. What is it called?
a)    Premium
b)    EMI
c)     Contribution
d)    Instalment
e)    None of the above
Answer: A)
Explanation: Premium is the total cost to buy an option, which gives the holder the right but not the obligation to buy or sell the underlying financial instrument at a specified strike price.

14. ​India's first smart and green highway is being built on
a)    Eastern Peripheral Expressway
b)    Western Peripheral Expressway
c)     Northern Peripheral Expressway
d)    Southern Peripheral Expressway
e)    Central Peripheral Expressway
Answer: A)
Explanation: India's first smart and green highway, Eastern Peripheral Expressway will be ready by August this year. It has been built at a cost of Rs. 11000 crore. At least 2.5 lakh trees will be on the both sides of the roads with solar panels. 

15. The Fund of Fund for Start-ups (FFS) is being managed and operated by ________.
a)    SEBI
b)    SIDBI
c)     IRDAI
d)    RBI
e)    Finance Ministry
Answer: B)
Explanation: FFS is being managed and operated by SIDBI. The government decided to tweak the Fund of Funds (FFS) of startups to enable greater flow of resources. It had set up the fund with an initial corpus of Rs 1,000 crore but the tough rules had made disbursals difficult. As a result, the cabinet as now decided to allow Alternate Investment Funds (AIFs) supported by FFS to invest at least twice the amount of contribution received from FFS in qualified startups.