GA Revision for SBI Clerk and other exams – 879

1. Hamed Bakayoko has been named as the Prime Minister of which country?
   A) Hungary
   B) Ivory Coast
   C) Turkey
   D) Czech Republic
   
   
   

   
   Option B
   Explanation: Ivory Coast’s defence minister, Hamed Bakayoko, has been named prime minister, after acting as interim prime minister since the sudden death of Amadou Gon Coulibaly.

   
   
2. What is the currency of Finland?
   A) Euro
   B) Pound
   C) Loti
   D) Shilling
   
   
   

   
   Option A
   Explanation:

   
   
3. Hardik Satishchandra Shah was being appointed as the Private Secretary (PS) to whom?
   A) Ram Nath Kovind
   B) M. Venkaiah Naidu
   C) Om Birla
   D) Narendra Modi
   
   
   

   
   Option D
   Explanation: 2010-batch IAS officer, Hardik Satishchandra Shah has been appointed the Private Secretary (PS) to Prime Minister Narendra Modi on co-terminus basis. He is is currently serving as a Deputy Secretary in the Prime Minister’s Office (PMO).

   
   
4. For the second consecutive fiscal in 2019-20, which country remained India’s top trading partner?
   A) UK
   B) USA
   C) France
   D) Germany
   
   
   

   
   Option B
   Explanation: The US remained India’s top trading partner for the second consecutive fiscal in 2019-20, which shows increasing economic ties between the two countries.

   
   
5. Reliance Power and JERA signed an agreement with a group of banks for their new gas-fired thermal power generation project in Bangladesh in August 2020. Where is JERA situated?
   A) Russia
   B) Canada
   C) Australia
   D) Japan
   
   
   

   
   Option D
   Explanation: Reliance Power and Japanese energy major JERA have signed an agreement with a group of banks for their new gas-fired thermal power generation project in Bangladesh.

   
   
6. What is the metric which defines operating liquidity available to business known as?
   A) Quick ratio
   B) Accounts payable turnover
   C) Working capital
   D) Cash conversion cycle
   
   
   

   
   Option C
   Explanation: The liquidity metric Working capital is defined simply as the difference between two Balance sheet figures: Working capital = Current assets – Current liabilities.

   
   
7. What is the projected country’s annual median GDP growth for 2020-21 as predicted by Ficci in its Economic Outlook Survey?
   A) – 5.9%
   B) – 3.4%
   C) – 3.8%
   D) – 4.5%
   
   
   

   
   Option D
   Explanation: Industry body Ficci said its Economic Outlook Survey has projected the country’s annual median GDP growth for 2020-21 at (-) 4.5 per cent with a minimum and maximum growth estimate of (-) 6.4 per cent and 1.5 per cent respectively for 2020-21.

   
   
8. Chhau Dance is folk dance of which state?
   A) Uttar Pradesh
   B) Bihar
   C) Manipur
   D) Jharkhand
   
   
   

   
   Option D
   

   
   
9. Which financial products and services company partnered with Fiserv Technology to enable the digitization of their end-to-end card issuance and processing cycle?
   A) All Bank Finance Limited
   B) BOB Financial Solutions Limited
   C) IFCI Financial Services Limited
   D) J P Financial and Investment Services
   
   
   

   
   Option B
   Explanation: BOB Financial Solutions Limited (BFSL), a wholly-owned subsidiary of Bank of Baroda, has selected Fiserv, Inc., to enable the digitization of their end-to-end card issuance and processing cycle and support the unveiling of several new and high-tech products namely contactless credit cards, tokenisation and integration with branded wallets, and virtual credit cards.

   
   
10. With which bank has the Jharkhand government signed a memorandum of understanding to offer digital payment solutions to traffic violators?
    A) HDFC Bank
    B) Axis Bank
    C) Kotak Mahindra Bank
    D) YES Bank
    
    
    

    
    Option A
    Explanation: The Jharkhand government has signed a memorandum of understanding with private lender HDFC Bank to offer digital payment solutions to traffic violators.

    
    
11. Which fintech company has launched personal UPI payment link mpay.me, a UPI payment link service?
    A) PhonePe
    B) PayU
    C) MobiKwik
    D) Paytm
    
    
    

    
    Option C
    Explanation: FinTech company MobiKwik launched mpay.me – a UPI payment link service to send and receive money from any UPI payment app. Through mpay.me, users and merchants can set up a link using their mobile number to start receiving money.

    
    
12. What was the maximum cap on the amount of sum insured for Arogya Sanjeevani policies which has now been removed by IRDAI?
    A) Rs 2 lakhs
    B) Rs 5 lakhs
    C) Rs 6 lakhs
    D) Rs 4 lakhs
    
    
    

    
    Option B
    Explanation: The Insurance Regulatory and Development Authority of India (Irdai) has allowed all general and health insurance companies to increase the sum insured on the standard health insurance product beyond ₹5 lakh with immediate effect. The regulator has now allowed insurers to offer sum insured as low as ₹50,000 with no upper limit. The sum insured has to be in multiples of ₹50,000.

    
    
13. How many angular bleed lines are present on Rs 500 bank note?
    A) 5
    B) 6
    C) 7
    D) 4
    
    
    

    
    Option A
    

    
    
14. Which bank has launched a special two-month campaign called Kona Kona Umeed with offers and discounts across its suite of products, including for loans, savings accounts, etc.?
    A) Federal Bank
    B) Kotak Mahindra Bank
    C) Yes Bank
    D) Lakshmi Vilas Bank
    
    
    

    
    Option B
    Explanation: Kotak Mahindra Bank has launched a special two-month campaign with offers and discounts across its suite of products, including for loans, savings accounts, current accounts, corporate salary accounts as well as curated deals on Kotak debit cards, credit cards and digital payments.

    
    
15. Where is Gurudongmar Lake located?
    A) Assam
    B) Manipur
    C) Sikkim
    D) Arunachal Pradesh
    
    
    

    
    Option C
    

    
    
16. What is the theme of Counter-Terrorism Week 2020?
    A) Strategic and Practical Challenges of Countering Terrorism in a Global Pandemic Environment
    B) Strengthening international cooperation to combat the evolving threat of terrorism
    C) Post COVID-19 World: Contours and Pivot Points and Benefits of Multilateral Collaboration
    D) United Nations Global Counter-Terrorism Coordination Compact Entities
    
    
    

    
    Option A
    Explanation: The Virtual Counter-Terrorism Week was held from 6-10 July and convened under the overarching theme of “Strategic and Practical Challenges of Countering Terrorism in a Global Pandemic Environment”.

    
    
17. Which country launched underground ballistic missiles as part of an exercise “Great Prophet 14”?
    A) Iran
    B) Iraq
    C) Israel
    D) Kuwait
    
    
    

    
    Option A
    Explanation: Iran’s paramilitary Revolutionary Guard launched underground ballistic missiles as part of an exercise “Great Prophet 14” involving a fake aircraft carrier in the Strait of Hormuz, the latest barrage in a drill that saw two American bases temporarily go on alert over the launches.

    
    
18. Whose resignation as its CEO has been accepted by the Board of Control for Cricket in India?
    A) Sourav Ganguly
    B) Jay Shah
    C) Mahim Verma
    D) Rahul Johri
    
    
    

    
    Option D
    Explanation: Rahul Johri, the first chief executive of the Board of Control for Cricket in India (BCCI), will step down by the end of this month after the board accepted his resignation. Johri, who had joined the BCCI on June 1, 2016, had tendered his resignation in December last year. His five-year contract with the world’s richest cricket federation was to end only in May next year.

    
    
19. Under which country’s presidency was the 6th BRICS Environment Ministers’ Meeting held virtually in July 2020?
    A) Brazil
    B) Russia
    C) South Africa
    D) India
    
    
    

    
    Option B
    Explanation: The 6th BRICS Environment Ministers’ Meeting was held under the presidency of Russia. The Environment Ministers of the Federative Republic of Brazil, the Russian Federation, the Republic of India, the People’s Republic of China and the Republic of South Africa participated in the meeting held via the video conference. The meeting was preceded by the BRICS Working Group meeting. India will host the next meeting in 2021.

    
    
20. Which of the following is not true about Immediate Payment Service (IMPS)?
    A) IMPS offers an instant, 24X7, interbank electronic fund transfer service through mobile phones
    B) The facility is provided by National Payments Corporation of India through its existing NFS switch
    C) Internet Banking Account facilitates IMPS to transfer money to any account
    D) To use IMPS, both the account holder and beneficiary needs to have Mobile Money Identifier (MMID)
    
    
    

    
    Option D
    Explanation: One can choose the IMPS method to transfer money using net banking, mobile banking, ATMs or SMSs.D) — As internet banking also facilitates IMPS, so all internet banking account holders can use IMPS to transfer funds. There are 2 options available here – One is through MMID. And another is through IFSC Code of bank branch of beneficiary (to whose account amount to be transferred), in this option MMID of neither is needed to perform transaction.