GA Revision for SBI Clerk and other exams – 884

1. Who has been appointed as the first Indian to be the Group CEO of UK India Business Council (UKIBC)?
   A) Rakesh Mishra
   B) Jayant Krishna
   C) Kuldeep Thakur
   D) Sanjay Gandhi
   
   
   

   
   Option B
   Explanation: The UK India Business Council said Jayant Krishna will take over as its new Group Chief Executive Officer from August 3. He will be the first Indian CEO of UKIBC and the first CEO of the Council to be based in India.

   
   
2. What is the capital city of Cuba?
   A) Paris
   B) Dili
   C) Havana
   D) Conakry
   
   
   

   
   Option C
   Explanation:

   
   
3. In August 2020, which bank got an in-principle approval for setting up a wholly owned non-financial subsidiary?
   A) Kotak Mahindra Bank
   B) Karur Vyasya Bank
   C) Federal Bank
   D) South Indian Bank
   
   
   

   
   Option D
   Explanation: Private sector lender South Indian Bank (SIB) announced that the RBI has given an in-principle approval for setting up a wholly owned non-financial subsidiary for undertaking activities permitted by RBI.

   
   
4. What is the minimum default required to initiate insolvency procedure for corporate debtors under the Insolvency and Bankruptcy Code?
   A) Rs 2,00,000
   B) Rs 5,00,000
   C) Rs 3,00,000
   D) Rs 1,00,000
   
   
   

   
   Option D
   

   
   
5. Which state has launched a mobile application called ‘Self Scan’ to scan documents?
   A) Jharkhand
   B) Gujarat
   C) Maharashtra
   D) West Bengal
   
   
   

   
   Option D
   Explanation: West Bengal Chief Minister Mamata Banerjee launched a mobile application ‘Self Scan’, developed by the state’s information technology department, to scan documents and said it reflects patriotism. It is an alternative to CamScanner.

   
   
6. Which bank partnered collaborated with InstaReM to streamline and improve outward remittance experience for resident Indian customers?
   A) Doha Bank
   B) SBM Bank
   C) Deutsche Bank
   D) Standard Chartered Bank
   
   
   

   
   Option B
   Explanation: SBM Bank India announced a new collaboration to streamline and improve outward remittance experience for resident Indian customers. The Bank partnered with InstaReM, the consumer and SME brand under global fintech platform Nium, to improve existing outbound remittance service offerings from India, including introduction of new remittance corridors, increased frequency of transactions for Outbound Transactions and enhanced delivery timings for transfers.

   
   
7. National Skill Development Corporation (NSDC) has joined hands with which company to provide digital skills to over 1 lakh youth in the country?
   A) Google
   B) Oracle
   C) Microsoft
   D) Capgemini
   
   
   

   
   Option C
   Explanation: The National Skill Development Corporation (NSDC) and Microsoft announced a strategic partnership aimed at providing digital skills to over 1 lakh youth in the country over the next one year.

   
   
8. The Reserve Bank of India (RBI) has extended the existing debt restructuring scheme for stressed micro, small and medium enterprises (MSMEs) till when?
   A) May 31, 2021
   B) March 31, 2022
   C) March 31, 2021
   D) May 31, 2022
   
   
   

   
   Option C
   Explanation: The Reserve Bank of India (RBI) extended the existing debt restructuring scheme for stressed micro, small and medium enterprises (MSMEs) by three months to March 31, 2021, in view of the distress brought upon by the Covid outbreak. The central bank also changed the cutoff date for MSMEs to become standard accounts in order to be eligible under the scheme to March 1, 2020 from January 1, 2020.

   
   
9. Which country has launched ‘Digital Haat’ for online sale and purchase of sacrificial animals?
   A) Bangladesh
   B) Maldives
   C) Singapore
   D) Thailand
   
   
   

   
   Option A
   Explanation: The government of Bangladesh has launched a ‘Digital Haat’ for online sale and purchase of sacrificial animals ahead of the festival of Eid-Ul-Azha.

   
   
10. What is the name of the parliament of the United State of America?
    A) Federal Council
    B) Constituent Assembly
    C) National Council
    D) Congress
    
    
    

    
    Option D
    Explanation: Parliament of India is called Parliament or Sansad.

    
    
11. Vidyarthi Vigyan Manthan, 2020-21 launched by Health and Family Welfare Minister Dr Harsh Vardhan for popularizing science among school students of Class ______ to 11th.
    A) 2nd
    B) 4th
    C) 6th
    D) 8th
    
    
    

    
    Option C
    Explanation: Health and Family Welfare Minister Dr Harsh Vardhan launched ‘Vidyarthi Vigyan Manthan, 2020-21. This initiative is a national programme for popularizing science among school students of Class 6th to 11th. It was designed to identify the bright minds with a scientific aptitude among the student community.

    
    
12. 4th edition of Ministerial on Climate Action held virtually was co-chaired by European Union, China and ?
    A) Sweden
    B) Australia
    C) France
    D) Canada
    
    
    

    
    Option D
    Explanation: The fourth edition of the Ministerial on Climate Action (MoCA) was held, virtually for the first time, due to the ongoing pandemic. Union Environment Minister, Shri Prakash Javadekar, represented India in the meeting. The meeting was co-chaired by European Union, China and Canada.

    
    
13. What is the metric that measures how long a firm will be deprived of cash if it increases its investment in resources in order to expand customer sales known as?
    A) Quick ratio
    B) Accounts payable turnover
    C) Days payable outstanding
    D) Cash conversion cycle
    
    
    

    
    Option D
    Explanation: In management accounting, the Cash conversion cycle (CCC) measures how long a firm will be deprived of cash if it increases its investment in resources in order to expand customer sales. It is thus a measure of the liquidity risk entailed by growth.

    
    
14. The Reserve Bank of India (RBI) has enhanced the amount of loan that banks can give against the pledge of gold ornaments and jewellery for non-agricultural purposes from 75 per cent of the value of gold pledged to what per cent?
    A) 90%
    B) 95%
    C) 80%
    D) 85%
    
    
    

    
    Option A
    Explanation: The Reserve Bank of India (RBI) has enhanced the amount of loan that banks can give against the pledge of gold ornaments and jewellery for non-agricultural purposes from 75 per cent of the value of gold pledged to 90 per cent. It will be applicable till March 2021; move aimed to address Covid-led disruptions.

    
    
15. Where is the headquarters of Care Ratings situated?
    A) Mumbai
    B) Jaipur
    C) Delhi
    D) Gurugram
    
    
    

    
    Option A
    

    
    
16. Which of the following has launched a business intelligence and analytics enabled omni-channel multi-branded loyalty platform, nth Rewards?
    A) NITI Aayog
    B) Atal Innovation Technical Centre
    C) Competition Commission of India
    D) National Payment Corporation of India
    
    
    

    
    Option D
    Explanation: National Payment Corporation of India (NPCI) has launched a business intelligence and analytics enabled omni-channel multi-branded loyalty platform, nth Rewards. It will allow users to earn points through various bank transactions and redeem them on various products, such as e-vouchers, donations, hotel and flight bookings.

    
    
17. Which of the following appointed Harsh Kumar Bhanwala as its Executive Chairman?
    A) Motilal Oswal Group
    B) Muthoot Finance
    C) Eko India Financial Services
    D) Capital India Finance Ltd
    
    
    

    
    Option D
    Explanation: Financial services platform Capital India Finance Ltd announced the appointment of former head of NABARD, Harsh Kumar Bhanwala, as Executive Chairman.

    
    
18. Where is the HQ of International Olympic Committee situated?
    A) Dubai, UAE
    B) Quebec, Canada
    C) Vienna, Austria
    D) Lausanne, Switzerland
    
    
    

    
    Option D
    Explanation:

    
    
19. The central government approved the appointment of whom to head United Nations (UN) crisis response team to prevent non-communicable diseases in 90 countries around the world?
    A) Praveen Pardeshi
    B) Sumit Koushik
    C) Rohit Nangia
    D) Rishabh Saxena
    
    
    

    
    Option A
    Explanation: Praveen Pardeshi will lead the United Nations’ efforts to prevent non-communicable diseases in 90 countries around the world. The Centre formally approved the former BM commissioner’s UN posting.

    
    
20. Where is the headquarters of Swiss National Bank (SNB) situated?
    A) Basel, Switzerland
    B) Geneva, Switzerland
    C) Bern and Zurich, Switzerland
    D) Solothurn, Switzerland
    
    
    

    
    Option C
    Explanation: The Swiss National Bank (SNB) is the central bank of Switzerland, and is therefore responsible for the monetary policy of the nation of Switzerland.