General Awareness Questions for IBPS Mains Exams – Day 9

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General Awareness Questions for IBPS Mains Exams – Day 9
1. Where is Insurance sector placed under GST slab rate?
(a)  0%
(b)  5%
(c)  12%
(d)  18%
(e)  28%
Answer: D)
Explanation: With a hike in post-GST rates to 18% from the current 15%, the insurance sector is poised to get more expensive after July 1, 2017. Impact of GST will increase the premiums especially for families that pay for health, life and a car insurance.
2. The recent demonetization was done by govt. under which section of RBI Act?
(a)  Section 15
(b)  Section 26
(c)  Section 10 
(d)  Section 20
(e)  Section 21
Answer: B)
Explanation: Demonetisation was earlier done in 1978 when the government demonetised Rs. 1000, Rs. 5000 and Rs. 10000 notes. This was done under the High Denomination Bank Note (Demonetisation) Act, 1978. The difference between 1978 and 2016 Demonetisation is that the currency in circulation (of the higher denomination) is higher in 2016 than was in 1978. The current demonetization has been done by government under section 26(2) of the Reserve Bank of India Act.
3. What is the component of Manufactured products in WPI?
(a)  50%
(b)  35%
(c)  65%
(d)  30%
(e)  None of the above 
Answer: C)
Explanation: WPI includes three components
1. Manufactured products = 65% approx.
2. Primary articles = 20% approx.
3. Fuel and power = 15% approx
The WPI basket includes 697 commodities in total- all of these are only goods and whose prices are captured at the wholesale/producer level. The CPI considers inflation at the retail end, while also including services.
4. The govt. has notified an inflation target of ‘X’ till 2021 with an upper/lower band of 2 percent?
(a)  5%
(b)  3%
(c)  4%
(d)  6%
(e)  None of the above
Answer: C)
Explanation: The government has notified an inflation (Consumer Price Index) target of 4% till 2021 with an upper/lower tolerance of 2 points.
5. Kristalina Ivanova is associated with which agency?
(a)  SBI
(b)  IMF
(c)  WTO
(d)  World Bank
(e)  NATO
Answer: D)
Explanation: Kristalina Ivanova is a Bulgarian politician and the current chief executive officer of the World Bank. Until 2017, she was European Commissioner for Budget and Human Resources in the college of the Juncker Commission.
6. Free Charge has been bought recently by
(a)  Flipkart
(b)  AXIS Bank
(c)  SBI
(d)  Amazon
(e)  Mobikwik
Answer: B)
Explanation: Axis Bank has announced that it has agreed to buy mobile payments wallet provider FreeCharge from e-commerce company Snapdeal for Rs 385 crore.
7. India has recently purchased Guardian drones from which country?
(a)  Germany
(b)  Russia
(c)  USA
(d)  China
(e)  Israel
Answer: C)
Explanation: The US has cleared the sale of 22 unmanned Guardian drones to India on 23rd of June 2017. The deal, estimated to be worth $2 to $3 billion and has been approved by the State Department. The sale of 22 predator drones are being manufactured by General Atomics and it reform the US-India relations as it operationalises the status of “major defence partner.”

8. eVIN app has been developed by which of the following ministries?
(a)  MSME
(b)  Ministry of Steel
(c)  Ministry of Finance
(d)  Ministry of Defence
(e)  Ministry of Health
Answer: D)
Explanation: Indigenously developed mobile application for digitising vaccine logistics, eVIN, has won the prestigious GSMA Asia Mobile Award 2017 (AMO) on 29th June 2017. It has won for outstanding contribution to the UNs sustainable development goals in Asia. The Electronic Vaccine Intelligence Network (eVIN) is an online real-time vaccine logistics management system developed and implemented by the Ministry of Health and the United Nations Development Programme (UNDP).
9. Vikram Limaye has been appointed as the chief of
(a)  NSE
(b)  BSE
(c)  SEBI
(d)  IRDA
(e)  None of the above
Answer: A)
Explanation: Markets regulator SEBI has cleared the appointment of Vikram Limaye. He is currently the MD of IDFC. He will be the next MD & CEO of National Stock Exchange. The post of MD at NSE had fallen vacant after Chitra Ramakrishna quit the exchange on December 2.
10. Which of the following companies has bought the retail giant Whole Foods?
(a)  Walmart
(b)  Carrefour
(c)  Flipkart
(d)  Amazon
(e)  None of the above
Answer: D)
Explanation: Amazon is buying Whole Foods in a deal valued at about $13.7 billion. Amazon already offers grocery-delivery services in five markets, but the Whole Foods purchase would let it expand to many more.
11. Sainj Hydro Power Project has been commissioned in which state?
(a)  Himachal Pradesh
(b)  Gujarat
(c)  Tamil Nadu
(d)  Maharashtra
(e)  None of the above
Answer: A)
Explanation: The first 50 MW unit of 100 MW Sainj Hydro Power project of Himachal Pradesh Power Corporation Limited (HPPCL) has commissioned with northern grid through Parvati-Kol Dam transmission line. The impounding of water in the reservoir was started on February 2 this year and the mechanical testing was done successfully on April 25. Sainj Hydro Power Project has been constructed on Sainj River, a tributary of Beas River.
12. What is the projected growth of World Economy in 2017 as per the World Bank?
(a)  1.5%
(b)  5% 
(c)  2.7%
(d)  3.6%
(e)  None of the above
Answer: C)
Explanation: As per World Bank's Global Economic Prospects (GEP) report released on June 4, 2017, the global economy is expected to grow at 2.7% in 2017 and 2.9% in 2018. 
13. Which of the following banks is setting up 100 digital villages across the country?
(a)  HDFC Bank 
(b)  Canara Bank
(c)  Vijaya Bank
(d)  SBI 
(e)  ​PNB
Answer: C)
Explanation: Vijaya Bank is set up to develop 100 digital villages in various States of the country. Its aim is to promote digital banking among the rural population.
14. Which country has become the first to contribute $100000 to UN Trust Fund for International Cooperation in Tax Matters?
(a)  USA
(b)  India
(c)  France 
(d)  Germany
(e)  China
Answer: B)
Explanation: India has contributed $100,000 to UN Trust Fund for International Cooperation in Tax Matters (UN Tax Fund) and has thereby become the first country to make the contribution. The UN Tax Trust Fund aims to support the work of the Committee of Experts on International Cooperation in Tax Matters (the UN Tax Committee).
15. Tobe Hooper who passed away on August 27, 2017 was a _______.
(a)  Sportsperson
(b)  Politician
(c)  Businessman
(d)  Scientist
(e)  None of the above
Answer: E)
Explanation: Tobe Hooper was an American film director. He best known for his work in the horror film genre. He rose to prominence after his 1974 fantasy thriller "The Texas Chainsaw Massacre."He continued working in television and film throughout the 1990s and 2000s.He made his directorial debut with the movie, "Eggshells" in 1969.