GA Revision for SBI Clerk and Other Exams -995

1. Which company has picked up a minority stake in Fincare Small Finance Bank for $25 million (about ₹185 crore) through a secondary acquisition?
   A) Paytm Payment Bank
   B) Motilal OswAl
   C) Mirrae Asset Limited
   D) SBI
   
   
   

   
   Option B
   Explanation: Motilal Oswal Private Equity (MOPE) has picked up a minority stake in Fincare Small Finance Bank for $25 million (about ₹185 crore) through a secondary acquisition.

   
   
2. What steps should a customer take in case of failed ATM transaction at other bank/white label ATMs, when his / her account is debited?
   A) Inform the banking ombudsman of his area
   B) Inform the manager of the sponsor bank
   C) Inform the security guard of the ATM
   D) Inform the card issuing bank
   
   
   

   
   Option D
   Explanation: The customer should lodge a complaint with the card issuing bank at the earliest. This process is applicable even if the transaction was carried out at another bank’s/non-bank’s ATM.

   
   
3. Which IT company regained the position as India’s third most-valued information technology (IT) company in terms of market capitalisation?
   A) Accenture
   B) HCL
   C) TCS
   D) Wipro
   
   
   

   
   Option D
   Explanation: IT major Wipro, regained the position as India’s third most-valued information technology (IT) company, surpassing HCL Technologies in terms of market capitalisation (market-cap).

   
   
4. Where is the headquarters of Indian Council of Medical Research (ICMR)?
   A) Chennai
   B) New Delhi
   C) Gurugram
   D) Jaipur
   
   
   

   
   Option B
   Explanation: The Indian Council of Medical Research, the apex body in India for the formulation, coordination and promotion of biomedical research, is one of the oldest and largest medical research bodies in the world. It was founded on 1911.

   
   
5. The Ministry of Defence signed a contract with which company to procure 11 airport surveillance radars for the Indian Navy and the Indian Coast Guard?
   A) Mahindra Telephonics
   B) Bhel
   C) DRDO
   D) Reliance
   
   
   

   
   Option A
   Explanation: The Ministry of Defence signed a contract with Mahindra Telephonics to procure 11 airport surveillance radars for the Indian Navy and the Indian Coast Guard.

   
   
6. Which company has received a debt investment of $150 million/ INR 1,132 crore from World Bank’s International Finance Corporation (IFC)?
   A) TCS
   B) Bajaj Finance
   C) ICICI Prudential
   D) Mphasis Limited
   
   
   

   
   Option B
   Explanation: Bajaj Finance Limited, a non-bank lender has received a debt investment of $150 million/ INR 1,132 crore from World Bank’s International Finance Corporation (IFC). This will make it its third funding deal with the consumer finance company.

   
   
7. Which scheme was recommended by Finance Ministry for small taxpayers, allows filing of returns with reduced late fee?
   A) Amnesty Scheme
   B) Taxpayer Scheme
   C) GSTIn Scheme
   D) Vat
   
   
   

   
   Option A
   Explanation: Finance Minister Nirmala Sitharaman recommended the ‘Amnesty Scheme’ for reducing late fees on returns in the 43rd GST Council meeting. The FM said that small taxpayers can file pending returns via the Amnesty Scheme.

   
   
8. CommBank is the multinational bank of which country?
   A) United Kingdom
   B) United States
   C) New Zealand
   D) Australia
   
   
   

   
   Option D
   Explanation: The Commonwealth Bank of Australia (abbreviated CBA or CommBank) is an Australian multinational bank.

   
   
9. What is the present Rate of Interest in Sukanya Samriddhi Account scheme?
   A) 7.6%
   B) 8.2%
   C) 6.9%
   D) 7.3%
   
   
   

   
   Option A
   

   
   
10. Which state is Building ‘Forest Ponds’ to Harvest Rainwater to Replenish Groundwater?
    A) Odisha
    B) Uttar Pradesh
    C) Andhra Pradesh
    D) Himachal Pradesh
    
    
    

    
    Option D
    Explanation: Forest ponds are being constructed in Himachal Pradesh to check the depletion of groundwater and to harvest rainwater.