GA Revision for SBI Clerk and Other Exams -994

1. Which country will host the Health Ministers from the Group of Seven (G7) countries?
   A) Russia
   B) Britain
   C) USA
   D) India
   
   
   

   
   Option B
   Explanation: Britain will host the Health Ministers from the Group of Seven (G7) countries in Oxford for a two-day summit.

   
   
2. What is R in MDR?
   A) Rate
   B) Ratio
   C) Right
   D) Reserve
   
   
   

   
   Option A
   Explanation: Merchant Discount Rate – The rate charged to a merchant by a bank for providing debit and credit card services.

   
   
3. How many countries are the members of Organization of the Petroleum Exporting Countries (OPEC)?
   A) 12
   B) 13
   C) 15
   D) 17
   
   
   

   
   Option B
   Explanation: The Organization of the Petroleum Exporting Countries is an intergovernmental organization of 13 countries. Founded on 14 September 1960 in Baghdad by the first five members, it has since 1965 been headquartered in Vienna, Austria, although Austria is not an OPEC member state. The current OPEC members are the following: Algeria, Angola, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, the Republic of the Congo, Saudi Arabia (the de facto leader), the United Arab Emirates and Venezuela.

   
   
4. Atal Innovation Mission (AIM) and Embassy of which Country in India signed an agreement to jointly work towards promoting innovation and entrepreneurship?
   A) Australia
   B) China
   C) Sweden
   D) Denmark
   
   
   

   
   Option D
   Explanation: Government think-tank Niti Aayog’s Atal Innovation Mission (AIM) and Embassy of Denmark in India signed an agreement to jointly work towards promoting innovation and entrepreneurship among aspiring entrepreneurs.

   
   
5. Which organisation to set up “One Health” expert-panel to advise on animal disease risks?
   A) UN
   B) UNICEF
   C) ILO
   D) NATO
   
   
   

   
   Option A
   Explanation: The World Health Organization (WHO) announced that WHO along with three other international bodies has put together a team of experts to launch a new One Health High-Level Expert Panel to formulate a global plan for the prevention of the spread of diseases from animals to humans.

   
   
6. IRDAI has notified the extension of its sandbox regulations by how many years ?
   A) 3 Years
   B) 5 years
   C) 4 Years
   D) 2 years
   
   
   

   
   Option D
   Explanation: The Insurance Regulatory and Development Authority of India (Irdai) notified the extension of its sandbox regulations by another two years to enable the completion of the experiment of the existing sandbox proposals and also to allow new sandbox proposals for the experiment.

   
   
7. As per recent RBI monetary policy, GDP growth forecast for FY 22 has been revised to how much percent?
   A) 9.5%
   B) 8.5%
   C) 9.0%
   D) 8.8%
   
   
   

   
   Option A
   Explanation: Reserve Bank of India (RBI) kept the benchmark interest rates unchanged amid COVID-19 uncertainty and fears over inflation. While making the policy statement, RBI Governor Shaktikanta Das said that the projected Gross Domestic Product growth rate will be 9.5 per cent for the current fiscal year.

   
   
8. What is the name of the capital city of Croatia?
   A) Nicosia
   B) Zagreb
   C) Prague
   D) Havana
   
   
   

   
   Option B
   Explanation: Currency- Kuna (HRK), President – Zoran Milanović

   
   
9. Which organization has rolled out a ₹10,000-crore ‘Special Refinance Facility-2021’ (SRF-2021) to provide short term refinance support to housing finance companies (HFCs) ?
   A) RBI
   B) SEBI
   C) NHB
   D) NABARD
   
   
   

   
   Option C
   Explanation: National Housing Bank (NHB) has rolled out a ₹10,000-crore ‘Special Refinance Facility-2021’ (SRF-2021) to provide short term refinance support to housing finance companies (HFCs) and other eligible Primary Lending Institutions (PLIs).

   
   
10. Which of the following is not a major component of Market Risk?
    A) Interest rate risk
    B) Equity risk
    C) Credit risk
    D) Foreign exchange risk
    
    
    

    
    Option C
    Explanation: The major components of Market risk are:: Interest rate risk Equity risk Foreign exchange risk Commodity risk