General Awareness Practice Questions for IBPS Mains Exams – Day 12

Mentor for Bank Exams
General Awareness Practice Questions for IBPS Mains Exams – Day 12
1. ______ on September 10, 2017 allowed OTP for opening online insurance account.
(a)  RBI
(b)  SEBI
(c)  IRDA
(d)  RoC
(e)  BBB
Answer: C)
Explanation: Regulator Irdai has permitted usage of OTP or one time password for opening e-insurance account (eIA) as an alternative to electronic signature. As part of its ongoing effort to improve insurance penetration, the Insurance Regulatory and Development Authority of India (Irdai) has also permitted e-KYC facility offered by UIDAI which provides the unique Aadhaar numbers.

2. ‘Charting the Course for the Next 25 years’, this was the theme for
(a)  G-20 Summit 2017
(b)  BRICS Summit 2017
(c)  SAARC Summit 2017
(d)  World Economic Forum 2017
(e)  None of the above
Answer: E)
Explanation: External Affairs Minister Sushma Swaraj has inaugurated the 9th edition of Delhi Dialogue on 4th of July 2017. The theme for Delhi Dialogue 9 is India-ASEAN relations: Charting the Course for the Next 25 Years.

3. Which company has acquired Yahoo Inc.?
(a)  Verizon
(b)  Acer
(c)  Micrososft
(d)  IBM
(e)  Xerox
Answer: A)
Explanation: Verizon has completed its $4.48 billion acquisition of Yahoo's core internet business and said that Marissa Mayer is stepping down. The assets, which include Yahoo Finance, will be combined with AOL brands such as the Huffington Post under a new subsidiary called Oath.

4. Who won the 2017 Sickle Cell Advocate of the Year award?
(a)  Haribar Bipra
(b)  Mulji Jagmal Sawaria
(c)  Sudam Kate
(d)  K. C. Venugopal
(e)  None of the above
Answer: C)
Explanation: Sickle Cell 101, an organisation that specialises in Sickle Cell education has honoured Dr Sudam Kate for his extraordinary work in sickle cell screening and research with prestigious Sickle Cell Advocate of the Year award.

5. Who launched a portal on weather information that will help discoms manage power distribution accordingly?
(a)  Arun Jaitley
(b)  Piyush Goyal
(c)  Manohar Parrikar
(d)  Ravi Shankar Prasad
(e)  Nitin Gadkari
Answer: B)
Explanation: Union Minister, Piyush Goyal launched a portal on weather information that will help discoms manage power distribution. The Portal has been launched in association with POSOCO and IMD. It will help in better planning for infrastructure availability to ensure cost effective and reliable supply.

6. A short-term government security paper is called?
(a)  Treasury Bill
(b)  Share
(c)  Debenture
(d)  Mutual Fund
(e)  None of these
Answer: A)
Explanation: Treasury bills are instrument of short-term borrowing by the Government of India, issued as promissory notes under discount. The interest received on them is the discount, which is the difference between the price at which they are issued and their redemption value.

7. Non-Banking Financial Institutions comprise of
(a)  Development Finance Institutions (DFIs)
(b)  Insurance Companies
(c)  Non-Banking Financial Companies (NBFCs), Primary Dealers (PDs) and capital market intermediaries, e.g. mutual funds.
(d)  All of the above
(e)  None of these
Answer: D)
Explanation: A Non-banking financial institution (NBFI) is a financial institution that does not have a full banking license or is not supervised by a national or international banking regulatory agency. NBFCS, PDS and capital market, DFIs, and Insurance companies are Non-Banking Financial Institutions.

8. The Industrial Finance Corporation of India Provides loans to ________?
(a)  Industries in public sector only
(b)  Industries set up for export promotion
(c)  Joint-stock companies in the public or private or joint sector or co-operative sector
(d)  All of the above
(e)  None of these
Answer: C)
Explanation: The IFCI is authorized to advance long and medium term finance only to those companies which are engaged in manufacturing, mining, shipping and generation and distribution of electricity.

9. Who is heading the GST Council panel formed to select National Anti-profiteering Authority?
(a)  CK Khanna
(b)  Pradeep Kumar Sinha
(c)  Krishnaswamy Kasturirangan
(d)  Madhav Chitale
(e)  None of the above
Answer: B)
Explanation: The Goods and Service Tax (GST) has formed a selection committee headed by the Cabinet Secretary Pradeep Kumar Sinha to identify and recommend eligible persons for appointment as the chairman and members of the National Anti-profiteering Authority.

10. As per a report by the NGO, Child Rights and You (CRY) which state has the highest number of child labourers?
(a)  Maharashtra
(b)  Bihar
(c)  Rajasthan
(d)  Uttar Pradesh
(e)  Tamil Nadu
Answer: D)
Explanation: According to CRY's Report, more than 8 lakh children between the age group of 5 and 6 years in India are engaged in child labour. Uttar Pradesh has the highest number of 2,50,672 children engaged in labour, followed by Bihar and Maharashtra.