GA Revision for SBI Clerk and other exams – 877

1. Which bank has agreed to work together with the Qatar based, Education Above All (EAA) Foundation for quality Primary Education for out-of-school children?
   A) New Development Bank
   B) Asian Development Bank
   C) Asian Infrastructure Investment Bank
   D) European Bank for Reconstruction and Development
   
   
   

   
   Option B
   Explanation: The Asian Development Bank (ADB) and the Qatar-based Education Above All (EAA) Foundation have signed an agreement to carry out $100 million in joint projects to put out-of-school and at-risk children into quality primary education.

   
   
2. Where is Bagdogra Airport located?
   A) Darjeeling, West Bengal
   B) Port Blair, Andaman and Nicobar
   C) Vadodra, Gujarat
   D) Varanasi, UP
   
   
   

   
   Option A
   Explanation: The airport is a major stop in the region with flights connecting Kolkata, Chennai, New Delhi, Mumbai, Bangalore and Guwahati and has international linkage connecting with Paro, Kathmandu and Bangkok.

   
   
3. Who has been named the convenor of the committee formed by National Highways Authority of India (NHAI) to set up an InvIT to facilitate investment in the highways sector?
   A) Sanjeev Ranjan
   B) Mukesh Pahwa
   C) Sukhbir Singh Sandhu
   D) Ramesh Mehta
   
   
   

   
   Option C
   Explanation: The NHAI is in the process of setting up an Infrastructure Investment Trust (InvIT) to facilitate investment in the highways sector. This will be the first InvIT to be sponsored by any government entity in the country National Highways Authority of India (NHAI) Chairman Sukhbir Singh Sandhu is the convenor of the committee.

   
   
4. In 2006 United Western Bank Ltd. was merged with which bank?
   A) ICICI Bank
   B) IDBI Bank
   C) HDFC Bank
   D) Axis Bank
   
   
   

   
   Option B
   

   
   
5. Which of the following has partnered with the Ministry of Electronics and Information Technology (MeitY) and Digital India to scale up program for hardware and IoT startups across India?
   A) TLabs
   B) iCreate
   C) GSF Accelerator
   D) T-Hub
   
   
   

   
   Option D
   Explanation: T-Hub will lead Digital India’s Scale Up program for hardware and IoT startups across India.

   
   
6. How much amount of proposal has been cleared by Defence Acquisition Council ( DAC) for Capital acquisitions of various platforms and equipment required by the Indian Armed Forces?
   A) Rs 38900 Crore
   B) Rs 39800 Crore
   C) Rs 32500 Crore
   D) Rs 35200 Crore
   
   
   

   
   Option A
   Explanation: Defence Acquisition Council ( DAC) accorded approval for Capital acquisitions of various platforms and equipment required by the Indian Armed Forces. Proposals for an approximate cost of 38900 Crore rupees were approved.

   
   
7. Where is the HQ of Hockey India located?
   A) Ghaziabad
   B) Jaipur
   C) New Delhi
   D) Jalandhar
   
   
   

   
   Option C
   

   
   
8. Who has been elected president of the 75th session of the UN General Assembly?
   A) Muhammad-Bande
   B) Tijjani Muhammad
   C) Reem Abaza
   D) Volkan Bozkir
   
   
   

   
   Option D
   Explanation: Turkish’s diplomat Volkan Bozkir has been elected president of the 75th session of the UN General Assembly.

   
   
9. Which state/UT govt. has launched mega tree plantation drive under the campaign ‘Paudhe lagao, Paryavaran Bachao’?
   A) Madhya Pradesh
   B) Arunachal Pradesh
   C) Delhi
   D) Kerala
   
   
   

   
   Option C
   Explanation: The Delhi government launched mega tree plantation drive under the campaign ‘Paudhe lagao, Paryavaran Bachao’.

   
   
10. What does U stands for in USSD?
    A) Unified
    B) Unstructured
    C) Unsymmetrical
    D) Undertaking
    
    
    

    
    Option B
    Explanation: Unstructured Supplementary Service Data (USSD).

    
    
11. As per Asian Development Bank,Indian economy to contract by how much percent in FY21?
    A) 4%
    B) 4.5%
    C) 5.0%
    D) 5.5%
    
    
    

    
    Option A
    Explanation: Hit hard by the coronavirus pandemic, the Indian economy is expected to contract by 4 per cent during the current financial year, the ADB said in a supplement to its Asian Development Outlook (ADO).

    
    
12. Which bank has joined the central banks and supervisors Network for Greening the Financial System (NGFS) as an observer?
    A) New Development Bank
    B) China Construction Bank
    C) Asian Infrastructure Investment Bank
    D) Asian Development Bank
    
    
    

    
    Option D
    Explanation: The Asian Development Bank (ADB) has joined the central banks and supervisors Network for Greening the Financial System (NGFS) as an observer.

    
    
13. W hat is the currency of Belarus?
    A) Shilling
    B) Dollar
    C) Won
    D) Ruble
    
    
    

    
    Option D
    Explanation: Capital - Minsk

    
    
14. British Petroleum’s (BP) India is planning to set up a global business service centre in which city?
    A) Pune
    B) Mumbai
    C) Chennai
    D) Lucknow
    
    
    

    
    Option A
    Explanation: British Petroleum’s (BP) India is planning to set up a global business service centre in Pune and hire 2000 people for the same.

    
    
15. Which private sector bank has announced to offer ZipDrive Instant Auto Loans to customers across 1,000 cities across India?
    A) Karur Vyasya Bank
    B) IDFC First Bank
    C) HDFC Bank
    D) ICICI Bank
    
    
    

    
    Option D
    Explanation: Largest private sector lender HDFC Bank announced its plans to offer ZipDrive Instant Auto Loans to customers across 1,000 cities across India.

    
    
16. Which company has launched SARAL – an Affordable Housing Loan Scheme?
    A) LIC HFL
    B) HDFC Ergo
    C) IDBI Federal
    D) ICICI Home Finance
    
    
    

    
    Option D
    Explanation: ICICI Home Finance (ICICI HFC) has launched SARAL – an Affordable Housing Loan. This housing loan will be aimed to fund homes in urban and rural areas.

    
    
17. Which of the following banks has signed the pact with Innoviti Payment Solutions to offer EMIs on it debit cards swiped on Innoviti POS Terminals?
    A) Kotak Mahindra Bank
    B) IndusInd Bank
    C) Bandhan Bank
    D) ICICI bank
    
    
    

    
    Option A
    Explanation: Kotak Mahindra Bank and Innoviti Payment Solutions announced that they have collaborated to offer equated monthly instalments (EMI) billing options on Kotak debit cards swiped on Innoviti POS terminals.

    
    
18. Which of the following is not true about Payments Bank?
    A) Payments bank can issue ATM/debit cards but not credit cards
    B) Initial capital required for a Payments Bank is Rs 100 crore
    C) Payments Bank must maintain Cash Reserve Ration (CRR) as decided by RBI
    D) Payments Bank can give a loan of up to only Rs 1 lakh
    
    
    

    
    Option D
    Explanation: The banks must maintain CRR, minimum 75% of demand deposits in government bonds of up to one year and maximum 25% in current and fixed deposits with other scheduled commercial banks for operational purposes and liquidity management. Payments Bank are not allowed to give loans of any amount.

    
    
19. Which Bank will completely digitize its lending operations including home, agriculture, Micro, Small and Medium Enterprises(MSME), personal and auto loans?
    A) Bank of Baroda
    B) IDBI Bank
    C) Canara Bank
    D) Indian Bank
    
    
    

    
    Option A
    Explanation: India’s 3rd largest lender, Bank of Baroda will completely digitize its lending operations including home, agriculture, Micro, Small and Medium Enterprises(MSME), personal and auto loans.

    
    
20. Where is Dachigam National Park situated?
    A) Chhattisgarh
    B) Andaman and Nicobar Island
    C) Mizoram
    D) Jammu and Kashmir
    
    
    

    
    Option D