GA Revision for Banking and Other Exams – 1017

1. NPCI partnered with PayCore to help merchants accept contactless payments. PayCore is based in which country?
   A) Turkey
   B) USA
   C) France
   D) Spain
   
   
   

   
   Option A
   Explanation: The National Payments Corp. of India (NPCI) announced it has onboarded Turkey’s global payment solutions company PayCore as one of the certified partners for RuPay SoftPOS to drive cashless payments across the country.

   
   
2. In May 2021, Union Cabinet has approved the opening of a new Consulate General of India in which country?
   A) Vietnam
   B) SriLanka
   C) Thailand
   D) Maldives
   
   
   

   
   Option D
   Explanation: The Union Cabinet has approved the opening of a new Consulate General of India in Addu City, Maldives in 2021. India and Maldives share ethnic, linguistic, cultural, religious and commercial links steeped in antiquity.

   
   
3. Where is the sree padmanabhaswamy temple located?
   A) Karnataka
   B) Tamil Nadu
   C) Kerala
   D) Odisha
   
   
   

   
   Option B
   Explanation: The Padmanabhaswamy temple is a Hindu temple located in Thiruvananthapuram, the state capital of Kerala, India. The name of the city of Thiruvananthapuram in Malayalam translates to “The City of Lord Ananta”, referring to the deity of the Padmanabhaswamy temple.

   
   
4. The international cooperation and convention centre named “Rudraksh” inaugurated by PM Modi in Varanasi is built with the assistance of which country’s International Cooperation Agency?
   A) Singapore
   B) Germany
   C) Japan
   D) Italy
   
   
   

   
   Option C
   Explanation: Prime Minister Narendra Modi inaugurated a state-of-the-art convention centre named “Rudraksh” at his parliamentary constituency of Varanasi. It has as many as 108 Rudraksha at the centre. Its roof is shaped like a ‘Shiva Linga’. Built on 2.87 hectares of land at Sigra area, the two-storey structure has a seating capacity of 1,200 people. The convention centre has been built with the assistance from Japan International Cooperation Agency.

   
   
5. Which of the following is India’s first official housing price index?
   A) NHB HOSIDEX
   B) NHB RESINDEX
   C) NHB HOUSEX
   D) NHB RESIDEX
   
   
   

   
   Option D
   Explanation: It is India’s first official housing price index, was an initiative of the National Housing Bank (NHB), undertaken at the behest of the Government of India, Ministry of Finance.

   
   
6. ” Savarkar: A contested Legacy (1924-1966)” book has been authored by whom ?
   A) Vikram Seth
   B) Jhumpa Lahiri
   C) Vikram Sampath
   D) Chetan Bhagat
   
   
   

   
   Option C
   Explanation: Decorated historian and author Vikram Sampath has come out with the second and concluding volume of the book on the life and works of Veer Savarkar titled “Savarkar: A contested Legacy (1924-1966)”.

   
   
7. Union Cabinet has granted ex-post facto approval to the Memorandum of Understandings (MoUs) entered into by the Institute of Cost Accountants of India and which other institutite with various foreign countries and Organisations?
   A) ICSE
   B) ICSI
   C) ISC
   D) IFCI
   
   
   

   
   Option B
   Explanation: The Union Cabinet has granted ex-post facto approval to the Memorandum of Understandings (MoUs) entered into by the Institute of Cost Accountants of India and the Institute of Company Secretaries of India with various foreign countries and Organisations.

   
   
8. As per the latest RBI guidelines what amount of fine will be charged by RBI from the banks if the ATMs remain out of cash for more than 10 hours in a month?
   A) Rs 1000
   B) Rs 5000
   C) Rs 10000
   D) Rs 15000
   
   
   

   
   Option C
   Explanation: The RBI will start imposing penalties on banks in case the ATMs remain out-of-cash for a total period of 10 hours in a month from October 1, 2021, onwards. As regards the quantum of penalty, the central bank said "cash-out at any ATM of more than ten hours in a month" will attract a flat penalty of ₹10,000 per ATM.

   
   
9. Where is the India’s first ‘Grain ATM’ set up to avoid long queues for ration and getting less ration from the shopkeeper?
   A) Gurugram
   B) Bhopal
   C) Gandhinagar
   D) Agra
   
   
   

   
   Option A
   Explanation: Consumers in Gurugram will no longer have to stand in long queues, nor worry about the shopkeeper giving less ration, as India’s first ‘Grain ATM’ has been set up in the district as a pilot project.

   
   
10. Which space-tech startup has successfully tested India’s first privately built Hall Thruster?
    A) Bellatrix Aerospace
    B) pixxel
    C) Agnikul Cosmos
    D) Skyroot Aerospace
    
    
    

    
    Option A
    Explanation: The Bengaluru based space-tech startup “Bellatrix Aerospace” has successfully tested India’s first privately built Hall Thruster, which is a highly efficient electric propulsion system for satellite weighing 50 to 500 kg.

    
    
11. Which ministry has decided to set up a National Mission on the use of Biomass in coal based thermal power plants?
    A) Ministry of Rural Development
    B) Ministry of New and Renewable Energy
    C) Ministry of Defence
    D) Ministry of Power
    
    
    

    
    Option D
    Explanation: The Power Ministry has decided to set up a National Mission on the use of Biomass in coal based thermal power plants.

    
    
12. Where Is M. A. Chidambaram International Cricket Stadium Located?
    A) Mumbai
    B) Pune
    C) Chennai
    D) Kanpur
    
    
    

    
    Option C
    

    
    
13. A company that carries on the business of a financial institution as its principal business is known as?
    A) NBFC
    B) Regulator
    C) AIFI
    D) Bank
    
    
    

    
    Option A
    

    
    
14. Which state government signed MoUs with 14 companies to ensure women empowerment and livelihood to six lakh women on a permanent basis?
    A) Jharkhand
    B) Rajasthan
    C) Kerala
    D) Andhra Pradesh
    
    
    

    
    Option D
    Explanation: With an objective to ensure women empowerment and livelihood to six lakh women on a permanent basis through the YSR Cheyutha scheme, the Andhra Pradesh government exchanged MoUs with 14 companies.

    
    
15. What is the capital of Guyana?
    A) Georgetown
    B) Riga
    C) Bamako
    D) Windhoek
    
    
    

    
    Option A
    Explanation: Currency – Guyanese dollar, President – Irfaan Ali