General Awareness Questions for IBPS Mains Exams – Day 7

Mentor for Bank Exams
General Awareness Questions for IBPS Mains Exams – Day 7
1. Who was the head of 7th Pay commission?
(a)  Vinod Rai
(b)  Sushil Kumar
(c)  A K Mathur
(d)  Arun Jaitley
(e)  Suresh Prabhu
Answer: C)
Explanation: Pay commissions are formed after every 10 years to recommend hike in govt. employees salary. 7th PC submitted its report to the government in December 2015, recommending 23.55 per cent overall hike in pay. It came into effect from June 2016.
2. As per a report published by Centre for Media Studies, ________ is the most corrupt state in India.
(a)  Karnataka
(b)  Haryana
(c)  Jharkhand
(d)  Himachal Pradesh
(e)  Gujarat
Answer: A)
Explanation: Karnataka occupies the first slot in a list of states perceived to be corrupt on the basis of people's experience in paying bribes for public services. Karnataka is followed by Andhra Pradesh, Tamil Nadu, Maharashtra, Jammu & Kashmir and Punjab. Himachal Pradesh, Kerala and Chhattisgarh are least corrupt. The report was published by Centre for Media Studies.
3. FATCA compliance has been laid down by
(a)  India
(b)  France
(c)  USA
(d)  China
(e)  Germany
Answer: C)
Explanation: The FATCA of USA makes it mandatory for overseas financial institutions to give information about non-resident US account holders or face withholding tax. Mutual fund investors, bank account holders and insurance investors, cannot operate if they are not compliant with FATCA.
4. Who was crowned Miss Teen Universe 2017?
(a)  Supriya Aiman
(b)  Lymaraina D'Souza
(c)  Rewati Chetri
(d)  Akanksha Dhiman
(e)  Srishti Kaur
Answer: E)
Explanation: Srishti Kaur has been crowned Miss Teen Universe 2017. In addition, she also bagged an award for the best national costume. Her costume featured a peacock, the Indian national bird. Miss Teen Universe pageant was started six years ago. The pageant is organized by the Miss Universe organisation for teens aged 15 to 19.
5. Regional Rural Banks were established in which year?
(a)  1968
(b)  1970
(c)  1975
(d)  1977
(e)  None of the above
Answer: C)
Explanation: Regional Rural Banks were first established in the year 1975.
6. Shakti-IV is a joint military exercise of India and
(a)  Singapore
(b)  Thailand
(c)  Indonesia
(d)  Italy
(e)  Canada
Answer: C)
Explanation: India and Indonesia conducted their Joint Military Exercise Shakti IV from March 10-23 inIndonesia.
7. ‘Sensitive sector’ as defined by RBI include(s)
(a)  Capital market
(b)  Real estate
(c)  Commodities
(d)  All of these
(e)  None of these
Answer: D)
Explanation: Sensitive sector, as defined by the Reserve Bank of India (RBI), includes capital market, real estate and commodities. Public sector bank loan to sensitive sector has increased at a dramatic rate compared to private sector bank
8. In which month will "Water Day" be celebrated in India?
(a)  April 19
(b)  April 12
(c)  April 13
(d)  April 14
(e)  April 15
Answer: D)
Explanation: Lauding the contribution of Dr. B R Ambedkar in water resources management of the country Union Minister for Water Resources, River Development and Ganga Rejuvenation Sushri Uma Bharti has announced that his birth day 14th April will be celebrated as “Water Day”. Underlining the role of water in different plans and schemes the Union Water Resources Minister said there is a need to reform the water resources management in the country and those who are misusing the water should be punished.

9. Which of the following organizations gave the license for the operation of Small and Payment Banks?
(b)  RBI
(c)  SEBI
(d)  SBI
(e)  None of the above
Answer: B)
Explanation: These banks are collectively known as differentiated banks. RBI created a framework for licensing small banks and other differentiated banks. Differentiated banks serving niche interests, local area banks, payment banks etc. are contemplated to meet credit and remittance needs of small businesses, unorganized sector, low income households, farmers and migrant work force.
10. Which institution provides long run finance to industries?
(a)  UTI
(b)  LIC
(c)  GIC
(d)  IDBI
(e)  All of these
Answer: D)
Explanation: IDBI Bank is an Indian government - owned financial service company, formerly known as Industrial Development Bank of India, headquartered in Mumbai, India. It was established in 1964 by an Act of Parliament to provide credit and other financial facilities for the development of the fledgling Indian industry.
11. Which of the following are the instruments of Credit Control in the hands of the RBI?
I. Lowering or raising the discount and interest rates.
II. Raising the minimum support price of the major agro products.
III. Lowering or raising the minimum cash reserves maintained by the commercial banks.
Select the correct answer using the codes given below
(a)  Only I
(b)  Only II
(c)  Only III
(d)  Both I and III
(e)  Both II and III
Answer: D)
Explanation: The following are the instrument of credit control in the hands of RBI
  • Lowering or raising the discount and interest rates.
  • Lowering or raising the minimum cash reserves maintained by the commercial banks
12. As per the 2011 census, which state of India has registered the highest increase in population in percentage terms?
(a)  Bihar
(b)  Maharashtra
(c)  Madhya Pradesh
(d)  Himachal Pradesh
(e)  Chhattisgarh
Answer: A)
Explanation: The decadal growth rate is a vital part of Census operations. This gives an overview of the percentage of total population growth in a particular decade. India showed a decadal growth rate of 17.64 % for 2011. The state of Bihar showed the highest decadal growth rate in between the years 2001 to 2011 with an increase of 25.10% in population.
13. Foreign funding for NGOs comes under which Act?
(a)  FEMA
(b)  FCRA
(c)  FRBM
(d)  ETA
(e)  FAI
Answer: B)
Explanation: Foreign funding for NGOs comes under the Foreign Contribution Regulation Act(FCRA). On April 20 the government has barred an NGO from receiving foreign funding including from Bill and Melinda Gates Foundation for alleged violation of the law. The home ministry has cancelled the FCRA registration of Delhi-based Public Health Foundation of India (PHFI). As per the government rules, an organisation that intends to receive foreign funds has to register under the FCRA.
14. Which state has become the first state to launch Automated Weather System?
(a)  Gujarat
(b)  Rajasthan
(c)  Bihar
(d)  Punjab
(e)  Maharashtra
Answer: E)
Explanation: In Maharashtra, as an effective measure towards understanding weather cycles and crop patterns that would benefit farmers, Automated Weather Stations or AWS, will be set up.State has collaborated with Skymet Weather Private Ltd, a private weather forecasting firm, for the project Mahavedh under which a network of AWS will be launched.2,065 such stations will come up in the state on PPP
15. Which is not the official language of the United Nations(UN)?
(a)  Arabic
(b)  German
(c)  Chinese
(d)  Russian
(e)  Spanish
Answer: B)
Explanation: The United Nations conducts its business in six languages. The current official and working languages of the United Nations are:
  • Arabic
  • Chinese
  • English
  • French
  • Russian
  • Spanish