General Awareness Practice Questions for IBPS Mains Exams – Day 11

Mentor for Bank Exams
General Awareness Practice Questions for IBPS Mains Exams – Day 11
1. Central govt. bears what percentage of wage cost of unskilled manual labor cost under MGNREGA?
(a)  60%
(b)  75%
(c)  100%
(d)  90%
(e)  80%
Answer: C)
Explanation: The central government bears the 100 percent wage cost of unskilled manual labour and 75 percent of the material cost including the wages of skilled and semi-skilled workers.

2. Who on August 31, 2017 was appointed as new Union Home Secretary?
(a)  Rajiv Mehrishi
(b)  Ashish Mehra
(c)  Jayaraman Chandrasekhar
(d)  Rajiv Gauba
(e)  None of the above
Answer: D)
Explanation: Senior IAS officer Rajiv Gauba took charge as the new Union Home Secretary for a fixed two-year tenure. Gauba, who succeeded Rajiv Mehrishi, is a 1982-batch IAS officer of the Jharkhand cadre. Gauba served as Urban Development Secretary before being replaced by former Additional secretary Durga Shanker Mishra during the bureaucratic reshuffle in June. Gauba’s name was confirmed after government ordered a major bureaucratic reshuffle involving appointment of secretaries in 16 ministries.

3. Which company is building and maintaining the GST network for first five years?
(a)  Flipkart
(b)  TCS
(c)  Wipro
(d)  Infosys
(e)  Reliance
Answer: D)
Explanation: India has awarded a contract worth Rs. 1,380 crore to Infosys Ltd to build and maintain the technology network crucial for implementing the proposed goods and services tax (GST) system across the country for five years.

4. Balphakram National Park is located in which state?
(a)  Mizoram
(b)  Meghalaya
(c)  Manipur
(d)  Assam
(e)  Arunachal Pradesh
Answer: B)
Explanation: Balpakram National Park is a national park ranging from under 200 to over 800 meters above sea level, near the Garo Hills in Meghalaya, India. it is newest national park in india.

5. In Corporate Hedging, which one of the following types of risks can be covered?
(a)  Liquidity risk
(b)  Currency risk
(c)  Credit risk
(d)  Transaction risk
(e)  None of these 
Answer: A)
Explanation: Corporate hedging covers liquidity risk as it helps the firm to sail through price fluctuation and thus ensure stability in the business. Hedging in general refers to reducing susceptibility to risk and is widely used in share, commodity and currency market. In addition, corporate hedging involves future contracts, where by parties involve agree to transact business at a decided - rate and time, in future.

6. Credit Rating ________
(a)  is used to rate the borrowers while giving advances
(b)  is used to work out performance of the employees.
(c)  is used to calculate the number of excellent audit rated branches.
(d)  is not used in any Bank
(e)  is necessary before giving promotion to employees
Answer: A)
Explanation: Credit rating is a yardstick to ascertain the probability of a borrower to return the amount taken in the stipulated time. It helps the lender to evaluate the default risk on the advance given and accordingly arrive at an interest rate to be charged. Credit rating, generally can be of three types - sovereign, corporate and short & long term.

7. Which of the following initiative is/are taken by the Government of India to boost the development of agriculture?
A) Accelerated Irrigation Benefit Programme
B) Fertiliser Subsidy Scheme
C) Public Distribution System (PDS)
(a)  Only A
(b)  Only B
(c)  Only C
(d)  Only A and B
(e)  All A, B and C
Answer: D)
Explanation: The Central Government launched the Accelerated Irrigation Benefit Programme (AIBP) from 1996-97 for extending loan assistance to states for the completion of near complete irrigation scheme. For sustained agricultural growth and to promote balanced nutrient application, it is imperative that fertilizers are made available to farmers at affordable prices and for this the govt of India provides Fertiliser Subsidy to the farmers.

8. As per the IMD's World Competitiveness list, India ranks ______.
(a)  44th
(b)  43rd
(c)  42nd
(d)  40th
(e)  45th
Answer: E)
Explanation: India has been ranked 45th, down 4 notches from last year in IMD's World Competitiveness list.Hong Kong topped the list while Switzerland and Singapore were ranked 2nd and 3rd respectively.USA stood at 4th spot - Its lowest position in five years.As India slid, China improved its position by seven places to 18th.Cyprus and Saudi Arabia made their first appearance on the list this year.

9. What is the capital of Libya?
(a)  Tripoli
(b)  Tbilisi
(c)  Bishkek
(d)  Muscat
(e)  None of these
Answer: A)
Explanation: Tripoli is the capital city and the largest city of Libya. Tripoli, with its metropolitan area, has a population of about 1.1 million people. The city is located in the northwestern part of Libya on the edge of the desert, on a point of rocky land projecting into the Mediterranean and forming a bay. 

10. Who won the 2017 UNESCO Peace Prize?
(a)  Louis Renault
(b)  Betty Williams
(c)  Giuseppina Nicolini
(d)  Mairead Corrigan
(e)  Norman E. Borlaug
Answer: C)
Explanation: The UNESCO has awarded its Peace Prize to Giuseppina (Giusi) Nicolini, the mayor of the Italian island of Lampedusa, for her commitment to saving the lives of migrants and refugees.Lying closer to Tunisia than it does to Sicily, Lampedusa is the first European landfall for people fleeing war and economic hardship in Africa and the Middle East.