GA Revision for SBI Clerk and Other Exams -986

1. As per recent RBI report, country’s foreign exchange reserves surged to how much amount as on March 31,2021?
   A) USD 650.96 billion
   B) USD 544.85 billion
   C) USD 450.86 billion
   D) USD 576.98 billion
   
   
   

   
   Option D
   Explanation: The country’s foreign exchange reserves surged to USD 576.98 billion as on March 31, 2021 from USD 544.69 billion at September-end last year, an RBI report said.

   
   
2. Under which campaign,PSBs will be pushing co lending with NBFCs and digital agriculture financing companies?
   A) Ease 4.0
   B) Simply 4.0
   C) Excel 2.0
   D) Click 2.0
   
   
   

   
   Option A
   Explanation: State-run banks will focus on co-lending with non-banking firms, digital agriculture financing, synergies and technological resilience for 24×7 banking as part of their reforms agenda for this fiscal, Ease 4.0.

   
   
3. Offense of Money Laundering is defined under _____ of Prevention of Money Laundering Act 2002
   A) Section 2
   B) Section 3
   C) Section 5
   D) Section 6
   
   
   

   
   Option B
   Explanation: Section 3 of PMLA 2002.

   
   
4. Under which country the first Meeting of the BRICS Contact Group on Economic and Trade Issues (CGETI) was held?
   A) South Africa
   B) China
   C) Brazil
   D) India
   
   
   

   
   Option D
   Explanation: The first Meeting of the BRICS Contact Group on Economic and Trade Issues (CGETI) was held under India’s Chairship. The theme of BRICS this year is -“BRICS at 15: Intra BRICS Cooperation for Continuity, Consolidation, and Consensus”.

   
   
5. As per Commerce Ministry data,FDI equity inflows grew by how much percent during 2020-21?
   A) 25%
   B) 28%
   C) 26%
   D) 21%
   
   
   

   
   Option B
   Explanation: FDI equity inflows into the country during April-January 2020-21 grew by 28% to $54.18 billion, according to the Commerce and Industry Ministry data released.

   
   
6. The Kalinga Prize is associated with which field?
   A) Sports
   B) Music
   C) Science
   D) Arts
   
   
   

   
   Option C
   

   
   
7. Which company retained its position as world’s top retailer as per Deloitte report 2021 ranking of global power retail houses?
   A) Walmart
   B) Reliance
   C) Alibaba
   D) Amazon
   
   
   

   
   Option A
   Explanation: Billionaire Mukesh Ambani’s Reliance Retail Ltd has been ranked second fastest growing retailer in the world in the 2021 ranking of global retail power houses by Deloitte, down from top rank secured the previous years.It has been ranked 53rd in the list of Global Powers of Retailing, improvement from 56th earlier, according to the Deloitte report.

   
   
8. What is the minimum free transactions that bank has to allow to its customers for using the bank’s own ATMs at any location?
   A) 3
   B) 5
   C) 6
   D) 4
   
   
   

   
   Option B
   Explanation: Transactions at a bank’s own ATMs at any location: Banks must offer their savings bank account holders a minimum of five free transactions (including both financial and non-financial) in a month, irrespective of the location of ATMs. *RBI has mandated only the minimum number of free transactions at ATMs. Banks may offer more number of transactions free of cost to their customers.

   
   
9. INS Jalashwa reached the port of which country with an Indian Naval training team on-board?
   A) Madagascar
   B) Indonesia
   C) Seychelles
   D) Maldives
   
   
   

   
   Option A
   Explanation: INS Jalashwa reached the port of Antsiranana, Madagascar with an Indian Naval training team on-board. The Indian Naval training team will be deployed in Madagascar for capacity building and training of the Malagasy Special Forces for two weeks.

   
   
10. Who was appointed as new MD and CEO OF Pramerica Life Insurance?
    A) Ritu Taneja
    B) Anushka Shetty
    C) Shruti Seth
    D) Kalpana Sampat
    
    
    

    
    Option D
    Explanation: Gurugram-based Pramerica Life Insurance has named Kalpana Sampat as its new Managing Director & Chief Executive Officer.

    
    
11. Which organisation has launched a hub known as Asia Pacific Tax Hub to create an open and inclusive platform to promote strategic policy dialogue?
    A) International Finance Corporation
    B) world Bank
    C) Asian Development Bank
    D) Asian Infrastructure Investment Bank
    
    
    

    
    Option C
    Explanation: The Asian Development Bank (ADB) has launched a hub to create an open and inclusive platform to promote strategic policy dialogue, improve knowledge sharing and strengthen coordination on tax policy and administration among ADB members and development partners.

    
    
12. Who is the current Governor of Assam?
    A) Ganeshi Lal
    B) Jagdish Mukhi
    C) Baby Rani Maurya
    D) B. D. Mishra
    
    
    

    
    Option B
    Explanation: Capital – Dispur, Chief Minister – Himanta Biswa Sarma

    
    
13. Which airport has India’s first dedicated Express Cargo Terminal exclusively for export and import of international couriers?
    A) Indira Gandhi International Airport
    B) Netaji Subhas Chandra Bose International Airport
    C) Chhatrapati Shivaji International Airport
    D) Kempegowda International Airport
    
    
    

    
    Option D
    Explanation: The Kempegowda International Airport in Bengaluru has India’s first dedicated Express Cargo Terminal exclusively for export and import of international couriers.

    
    
14. IDFs are investment vehicles for channelizing investment into the infrastructure sector. F in IDF stands for?
    A) Finance
    B) Fund
    C) Function
    D) Forum
    
    
    

    
    Option B
    Explanation: Infrastructure Debt Fund (IDFs) are investment vehicles which can be sponsored by commercial banks and NBFCs in India in which domestic/offshore institutional investors, specially insurance and pension funds can invest through units and bonds issued by the IDFs.

    
    
15. Who was appointed as new Chief Election Commissioner of India?
    A) Sushil Chandra
    B) Aneesh Shah
    C) Somnath chatterjee
    D) Gaurav Garg
    
    
    

    
    Option A
    Explanation: President Ram Nath Kovind has appointed Sushil Chandra, the senior-most Election Commissioner, as the Chief Election Commissioner of India.

    
    
16. Which institute has collaborated with members of the Mobile Payment Forum of India (MPFI) to develop voice-based solutions in multiple vernacular languages to enable larger adoption of digital money transactions in the country?
    A) IIT Bombay
    B) IIT Jammu
    C) IIT Madras
    D) IISC Bengaluru
    
    
    

    
    Option C
    Explanation: Indian Institute of Technology (IIT) Madras researchers said that they will collaborate with members of the Mobile Payment Forum of India (MPFI) to develop voice-based solutions in multiple vernacular languages to enable larger adoption of digital money transactions in the country.

    
    
17. Who is appointed as the new Chief Statistician of India (CSI) by the Government of India?
    A) MD Patra
    B) G P Samanta
    C) Kshatrapati Shivaji
    D) R. S. Ratho
    
    
    

    
    Option B
    Explanation: The Indian government appointed Dr G P Samanta as the new Chief Statistician of India (CSI). Samanta will replace 1986-batch IAS officer Dr Kshatrapati Shivaji who was holding additional charge of the post since September 2020.

    
    
18. Where is the HQ of Advertising Standards Council of India situated?
    A) Pune
    B) Jaipur
    C) Gurugram
    D) Mumbai
    
    
    

    
    Option D
    

    
    
19. Who will be conferred with honour of knight of order of arts and letters ,the second highest French civilian honour?
    A) Guneet Monga
    B) AR Rehman
    C) Ashutosh Govarikar
    D) Ram Gopal
    
    
    

    
    Option A
    Explanation: Acclaimed filmmaker Guneet Monga will be conferred with the honour of Knight of the Order of Arts and Letters (Chevalier dans I’Ordre des Arts et des Lettres), the second highest civilian French honour.

    
    
20. Which company announced its collaboration with fintech NIRA as part of its strategy to strengthen its digital footprint?
    A) Mirrae Asset Limited
    B) Motilal Oswal
    C) ICICI Prudential
    D) Muthoot Finance
    
    
    

    
    Option D
    Explanation: The Muthoot Finance Limited announced its collaboration with fintech NIRA as part of its strategy to strengthen its digital footprint.