GA Revision for SBI Clerk and other exams – 878

1. Which of the following banks has launched ‘Insta Loans against Mutual Funds’ in partnership with ‘Computer Age Management Services’ (CAMS)?
   A) Axis Bank
   B) ICICI Bank
   C) IDBI Bank
   D) DCB Bank
   
   
   

   
   Option B
   Explanation: Private sector lender ICICI Bank has launched a facility that enables retail customers to get loan of up to Rs.1 crore instantly by pledging their holdings in both debt and equity schemes of mutual funds.

   
   
2. Which of the following is not true about Small Finance Bank?
   A) Maximum loan size to a single person cannot exceed 10% of total capital funds; cannot exceed 15% in the case of a group
   B) At least 50% of its loans should constitute loans and advances of up to 25 lakh
   C) Minimum paid-up equity capital requirement of Small Finance Banks is Rs 100 crore
   D) They can set up subsidiaries to undertake non-banking financial service activities
   
   
   

   
   Option D
   Explanation: They cannot set up subsidiaries to undertake non-banking financial service activities.

   
   
3. Which space agency with United Launch Alliance (ULA) has launched Mars 2020 Perseverance Rover Mission to Red Planet?
   A) Space X
   B) NASA
   C) ISRO
   D) JAXA
   
   
   

   
   Option B
   Explanation: NASA’s Mars 2020 Perseverance rover mission is on its way to the Red Planet to search for signs of ancient life and collect samples to send back to Earth.

   
   
4. Where is International Hockey Stadium situated?
   A) Jammu and Kashmir
   B) Himachal Pradesh
   C) Sikkim
   D) Chhattisgarh
   
   
   

   
   Option D
   Explanation: International Hockey Stadium is hockey stadium located in Rajnandgaon, Chhattisgarh. The stadium is Chhattisgarh’s first international astroturf (an artificial grass surface used for sports fields) hockey stadium. Owner: Government of Chhattisgarh Operator: Hockey India

   
   
5. Who among the following has become first Indian to secure a podium place at the first edition of the Virtual Race Across America (vRAAM) 2020?
   A) Lt Col Anil Duhoon
   B) Lt Col Santosh Mahadik
   C) Lt Col Bharat Pannu
   D) Lt Col Ganesh Babu
   
   
   

   
   Option C
   Explanation: Lt Col Bharat Pannu, a serving Indian Army Officer has created history by successfully securing a podium place at the first edition of the Virtual Race Across America (vRAAM) 2020.

   
   
6. Small Industries Development Bank of India (SIDBI) has partnered with whom to launch a portal to help Micro, Small and Medium Enterprises (MSMEs)?
   A) ICRA
   B) CARE Ratings
   C) CRISIL
   D) TransUnion Cibil
   
   
   

   
   Option D
   Explanation: Small Industries Development Bank of India (SIDBI) in association with credit bureau TransUnion Cibil has launched a portal to help Micro, Small and Medium Enterprises (MSMEs), seeking access to finance and also help borrowers manage their credit obligations. while also supporting entrepreneurs towards managing their credit obligations.

   
   
7. Who hass named as the new Prime Minister of France after Edouard Philippe resigned?
   A) Manuel Valls
   B) Jean Castex
   C) Pierre Laval
   D) Bernard Cazeneuve
   
   
   

   
   Option B
   Explanation: French President Emmanuel Macron has named Jean Castex, who coordinated France’s reopening strategy after the coronavirus lockdown, as the country’s new prime minister.

   
   
8. SABIC polycarbonate facility of which country is set to become world’s first-of-its-kind to operate on 100 per cent renewable power?
   A) Denmark
   B) Germany
   C) Spain
   D) Singapore
   
   
   

   
   Option C
   Explanation: SABIC’s polycarbonate facility in Spain is set to become the world’s first large scale chemical production plant which will run entirely on renewable power after a major agreement was signed with Iberdrola, an electricity utility company.

   
   
9. In July 2020, National Highways Authority of India (NHAI) chairman was given six months extension. Name him?
   A) Ajay Tyagi
   B) Arvind Saxena
   C) Arvind Panagariya
   D) Sukhbir Singh Sandhu
   
   
   

   
   Option D
   Explanation: Senior bureaucrat Sukhbir Singh Sandhu was given six months extension, till mid January next year, as the chairman of National Highways Authority of India, a Personnel Ministry order said.

   
   
10. Rs 500 bank note has a motif of ______ . (Issued after demonitization)
    A) Red Fort
    B) Taj Mahal
    C) Mangalyaan
    D) India Gate
    
    
    

    
    Option A
    Explanation: Red Fort-an image of Indian heritage site with Indian flag on the reverse

    
    
11. Prime Minister Narendra Modi along with his counterpart Pravind Jugnauth inaugurated which countries’ new Supreme Court building which has been constructed with Indian assistance.
    A) Maldives
    B) Indonesia
    C) Mauritius
    D) Sri Lanka
    
    
    

    
    Option C
    Explanation: Prime Minister Narendra Modi and his Mauritian counterpart Pravind Jugnauth jointly inaugurated Mauritius’ new Supreme Court building in latter’s capital city Port Louis which has been constructed with Indian assistance.

    
    
12. Rafael Nadal is related to which of the following sports?
    A) Cricket
    B) Badminton
    C) Formula 1
    D) Tennis
    
    
    

    
    Option D
    

    
    
13. For which of her stories was Indian author Kritika Pandey was declared the overall winner of the 2020 Commonwealth Short Story Prize?
    A) Memories in a Water Cooler
    B) Dirty White Strings
    C) The Great Indian Tee and Snakes
    D) The Goddess Who Wants Out
    
    
    

    
    Option C
    Explanation: Indian author Kritika Pandey was declared the overall winner of the 2020 Commonwealth Short Story Prize, for her story The Great Indian Tee and Snakes. The Commonwealth Short Story Prize is administered by the Commonwealth Foundation, through its cultural initiative Commonwealth Writers. The prize is awarded for the best piece of unpublished short fiction. Regional winners receive £2,500 and the overall winner receives £5,000

    
    
14. In July 2020, the government unveiled the new National Education Policy (NEP) to introduce several changes to the India Education System. Which policy will it replace?
    A) National Policy on Education 1986
    B) National Policy on Education 1986
    C) National Policy on Education 1983
    D) National Policy on Education 1990
    
    
    

    
    Option A
    Explanation: The government unveiled the new National Education Policy (NEP) that introduced several changes in Indian education system-from school to college level. The new policy comes after a period of three decades. The NEP will replace the existing National Policy on Education 1986, which was later modified in 1992. The NEP includes the extension of the Right to Education Act 2009 to cover children between the age group of 3 to 18 years. The new policy also seeks to reduce the content load in the school education curriculum.

    
    
15. Playwright Ratnakar Matkari will be posthumously honoured with the Natvarya Prabhakar Panshikar award for lifetime contribution to theatre by which state government?
    A) Kerala
    B) Gujarat
    C) Rajasthan
    D) Maharashtra
    
    
    

    
    Option D
    Explanation: Marathi writer and playwright Ratnakar Matkari will be posthumously honoured with the Natvarya Prabhakar Panshikar award for lifetime contribution to theatre by the Maharashtra government.

    
    
16. Which state government observed Mask Day’ on June 18 to create awareness in the masses about the importance of wearing one amid the Covid pandemic?
    A) Uttar Pradesh
    B) Maharashtra
    C) Karnataka
    D) Kerala
    
    
    

    
    Option C
    Explanation: Karnataka government observed ‘Mask Day’ on June 18 to create awareness in the masses about the importance of wearing one amid the Covid pandemic.

    
    
17. FBIL shall publish rates / prices for the reference rate / asset/derivatives as the case may be for arriving at settlement value in the OTC market. What does B stands for in FBIL?
    A) Branch
    B) Banking
    C) Beneficiary
    D) Benchmark
    
    
    

    
    Option D
    Explanation: Financial Benchmark India Pvt. Ltd. (FBIL)

    
    
18. Where is the headquarters of Innoviti Payment Solutions Pvt. Ltd. situated?
    A) Bengaluru
    B) Chennai
    C) Hyderabad
    D) Pune
    
    
    

    
    Option A
    

    
    
19. What is the capital of Montenegro?
    A) Lusaka
    B) Tashkent
    C) Podgorica
    D) Malabo
    
    
    

    
    Option C
    Explanation: Currency - Euro

    
    
20. which company got approval from Competition Commission of India (CCI) to acquire Metso Minerals business?
    A) Outotec Oyj
    B) Mphasis
    C) Microsoft
    D) Bellings Oc
    
    
    

    
    Option A
    Explanation: The Competition Commission of India (CCI) has approved the acquisition of Metso Oyj’s (Metso) minerals business by Outotec Oyj (Outotec) under Section 31(1) of the Competition Act, 2002.