General Awareness Questions for IBPS Mains Exams – Day 6

Mentor for Bank Exams
General Awareness Questions for IBPS Mains Exams – Day 6
1. 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. 
2. The instruments of capital markets are
(a)  Bonds
(b)  Debentures
(c)  Shares
(d)  All of the above
(e)  None of the above
Answer: D)
Explanation: Capital Market are institutional arrangements for facilitating the borrowing and lending of long-term funds. Usually, stress is laid on the markets for long-term debt and equity claims, government securities, bonds, mortgages, and other instruments of long-term debts. This capital market encircles the system through which the public takes up long-term securities, either directly or through intermediaries. 
3. The term ‘Twin deficit’ in an economy means-
(a)  High budget deficit and high fiscal deficit.
(b)  High current account deficit and high capital account deficit.
(c)  High capital account deficit and high fiscal deficit.
(d)  High current account deficit and high fiscal deficit.
(e)  Loss in foreign reserve
Answer: D)
Explanation: Twin deficit basically refers to a situation where the country runs relatively large current account and fiscal deficits.
4. Who won the 2017 Goldman Environmental Prize?
(a)  Prafulla Samantara
(b)  Bibhuprasad Mohapatra
(c)  Satya Narayan Bohidar
(d)  Adikanda Mahanta
(e)  Keshab Chandra Dash
Answer: A)
Explanation: Prafulla Samantara, the face of people’s resistance against Vedanta’s plan to mine bauxite from Niyamgiri hills in Odisha, has been honoured with this year’s Goldman Environmental Prize.The prize, also known as Green Nobel prize, was announced in San Francisco on April 24.Samantara is only the sixth Indian to win the prize.
5. The world’s First International Zip Line connects Spain and ______.
(a)  Portugal
(b)  France
(c)  Germany
(d)  Italy
(e)  Switzerland
Answer: A)
Explanation: In a first of its kind development of a cross-border zip line in the world, a an international zip line named as Limite Zero has been created to connect Spain and Portugal. The 2,362-foot-long zipline will connect Sanlucar de Guadiana, in Andalucia, Spain, to Alcoutim, in Algarve, Portugal whose time zone is an hour behind than that of Spain.
6. Which cricket association, lost its permanent voting status due to changes made in the constitution of the BCCI?
(a)  Bihar
(b)  Delhi
(c)  Goa
(d)  Kerala
(e)  Mumbai
Answer: E)
Explanation: Mumbai has lost its permanent voting status as per the new constitution of the Indian Cricket Board finalized by the Committee of Administrators (COA) appointed by the Supreme Court of India. 
7. The RBI has proposed to limit the amount stored in pre-paid payment instruments (PPIs) to Rs. ________ lakh.
(a)  1.5
(b)  1
(c)  2
(d)  2.5
(e)  3
Answer: B)
Explanation: The Reserve Bank of India (RBI) has proposed to fix the upper limit of amount stored in pre-paid payment instruments (PPIs), including smart cards and mobile wallets, at Rs 1 lakh in view of growing usage of PPIs for purchase of goods and services. According to the RBI’s new draft norms for PPIs, amount in a PPI should not exceed Rs 1 lakh at any point of time if the customer provides full KYC and Rs 20,000 if the customer provides minimum KYC details to the PPI issuing entity.
8. Which state has become the first state to shift to Jan-Dec financial year?
(a)  Uttar Pradesh
(b)  Tripura
(c)  Gujarat
(d)  Madhya Pradesh
(e)  Delhi
Answer: D)
Explanation: Madhya Pradesh has become the first state to switch to the Jan-Dec financial year from the existing April-March cycle.The move breaks a 150-year tradition as India started adopting the April-March financial year from 1867.The central govt had constituted a high-level committee under former CEA Shanker Acharya to examine “desirability and feasibility” of having a new financial year.

9. Dong is a currency of which country?
(a)  Thailand
(b)  Zimbabwe
(c)  Turkey
(d)  Philippines
(e)  None of the above
Answer: E)
Explanation: The dong has been the currency of Vietnam since May 3, 1978. Issued by the State Bank of Vietnam, it is represented by the symbol "₫".
10. Who won the 2016 Dadasaheb Phalke Award?
(a)  Manoj Kumar
(b)  Kasinathuni Viswanath
(c)  Soumitra Chatterjee
(d)  V. K. Murthy
(e)  Adoor Gopalakrishnan
Answer: B)
Explanation: Renowned filmmaker and actor Kasinadhuni Viswanath, best known for his award-winning movies in Telugu, Tamil and Hindi, has won the Dadasaheb Phalke award for the year 2016.He will be the 48th recipient of the award, the highest recognition in Indian cinema, which consists of a golden lotus, a cash prize of ₹10 lakh and a shawl. 
11. Yusra Mardini who has been appointed as the UNHCR Goodwill Ambassador, is originally from which country?
(a)  Iraq
(b)  Jordan
(c)  Saudi Arabia
(d)  Syria
(e)  Egypt
Answer: D)
Explanation: UNHCR, the UN Refugee Agency, announced the appointment of Syrian refugee and Olympic athlete Yusra Mardini as a Goodwill Ambassador. Since her selection for the Rio 2016 Olympic Games, Mardini has worked closely with UNHCR, highlighting with her own inspiring performances the first-ever Refugee Olympic Team and the wider global refugee crisis. Yusra studies full time in Germany.
12. Recently introduced mental health bill decriminalises which of the following?
(a)  Culpable homicide by a mentally ill person
(b)  Kidnap by a mentally ill person
(c)  Attempt to commit suicide by a mentally ill person
(d)  Rape committed by a mentally ill person
(e)  All of the above
Answer: C)
Explanation: Attempts to commit suicide by a mentally ill person will not be punishable under a new law that has got assent from President. The law also prohibits use of electro-convulsive therapy, referred to as shock therapy, without the use of muscle relaxants and anaesthesia on a patient. The new law has been enacted to align with a United Nations Convention on Rights of Persons with Disabilities.
13. Scientists from the University of Kerala have discovered a new species of tree dwelling crabs. They have been given the name ________.
(a)  Kani maranjandu
(b)  Aratus pisonii
(c)  Cardisoma guanhumi
(d)  Discoplax hirtipes
(e)  Coenobita compressus
Answer: A)
Explanation: A new species of tree crabs named Kani maranjandu after the Kani tribe in Kerala. The characteristic traits of the crab include the structure of its hard upper shell, its male abdominal structure and reproductive parts and diagnostic elongated walking legs, which no other genus has. The finding was published in The Journal of Crustacean Biology.
14. Who is the author of the book, “Indian Railway- The weaving of a National Tapestry”?
(a)  Suresh Prabhakar
(b)  Sanjay Chadha
(c)  Vinay Mehta
(d)  Avinash Patil
(e)  None of the above
Answer: B)
Explanation: “Indian Railway- The weaving of a National Tapestry” is jointly authored by Shri Bibek Debroy (Member, NITI Aayog) Shri Sanjay Chadha (Joint Secretary, Ministry of Commerce) & Ms. Vidya Krishnamurthi. The theme of this book is the historical development of railways in India, organized into chapters dealing with different periods of development in chronological order.
15. Which country will host the 2017 World Women's Youth Boxing Championship?
(a)  Finland
(b)  Denmark
(c)  India
(d)  Namibia
(e)  Australia
Answer: C)
Explanation: India will host the World Women's Youth Boxing Championship in November this year, the first major international event to be held in the country since 2010. In 2010, India had hosted the Commonwealth Championships followed by the Commonwealth Games. The country has not hosted a major boxing event since then, primarily because of the administrative turmoil that gripped the sport in 2012.