GA Revision for Banking and Other Exams – 1018

1. How much fine was slapped by SEBI on Franklin Templeton AMC for violating regulatory norms in the case of winding up of six debt schemes in 2020?
   A) ₹6 cr
   B) ₹4 cr
   C) ₹2 cr
   D) ₹5 cr
   
   
   

   
   Option D
   Explanation: Sebi barred Franklin Templeton AMC from launching any new debt scheme for two years and fined it Rs 5 crore for violating regulatory norms in the case of winding up of six debt schemes in 2020.

   
   
2. Where is the headquarters of Asian Infrastructure Investment Bank situated?
   A) Beijing, China
   B) Manila, Philippines
   C) Naypyidaw, Myanmar
   D) Paris, France
   
   
   

   
   Option A
   Explanation: The Asian Infrastructure Investment Bank (AIIB) is an multilateral development bank that aims to support the building of infrastructure in the Asia-Pacific region. The bank currently has 56 member states while another 24 are prospective members for a total of 80 approved members and was proposed as an initiative by the government of China.

   
   
3. Which country successfully test fired S-500 next-generation missile system from the Kapustin Yar range?
   A) Germany
   B) Russia
   C) France
   D) UK
   
   
   

   
   Option B
   Explanation: Russia’s S-500 next-generation missile system has struck a fast-moving ballistic target in a training exercise at the Kapustin Yar range.

   
   
4. Which state/UT police launched a first-of-its-kind Drone Forensic Lab and Research Centre with an aim to address the rising concerns of security threat in the country?
   A) Andhra Pradesh
   B) Tamil Nadu
   C) Kerala
   D) Rajasthan
   
   
   

   
   Option C
   Explanation: At a time when drones emerge as a major security threat in the country, the Kerala police launched a first-of-its-kind Drone Forensic Lab and Research Centre with an aim to address the rising concerns in this regard.

   
   
5. What is the capital name of Indonesia?
   A) Port Moresby
   B) Kuala Lumpur
   C) Jakarta
   D) Canberra
   
   
   

   
   Option C
   Explanation: Currency – Rupiah

   
   
6. Which has become the first country to make bitcoin legal tender?
   A) El Salvador
   B) Hungary
   C) Germany
   D) Nigeria
   
   
   

   
   Option A
   Explanation: El Salvador has become the first country to make bitcoin legal tender, a move PresidentNayib Bukele hailed as a historic step towards financial inclusion and economic growth for the poor Central American nation.

   
   
7. What is the maximum amount of collateral free loans than banks can offer to Self Help Groups (SHGs) under DAY-NRLM?
   A) Rs 5 lakh
   B) Rs 10 lakh
   C) Rs 15 lakh
   D) Rs 20 lakh
   
   
   

   
   Option D
   Explanation: Increased from Rs 10 lakh to Rs 20 lakh

   
   
8. Which country successfully test-fired the Zircon hypersonic cruise missile?
   A) Russia
   B) USA
   C) Italy
   D) China
   
   
   

   
   Option A
   Explanation: Russia successfully test-fired the Zircon hypersonic cruise missile. Russia is set to arm warships and submarines with the Zircon missile.

   
   
9. When is World Prediabetes Day observed?
   A) August 15
   B) August 13
   C) August 14
   D) August 17
   
   
   

   
   Option C
   Explanation: To spread awareness about Prediabetes and flatten the curve of diabetes, renowned experts & doctors in the field of Endocrinology & Diabetology will come together to mark a first-time global event on August 14 as World Prediabetes Day.

   
   
10. As per the the 2021 edition of The Economist Intelligence Unit’s (The EIU) Global Liveability Ranking,which city remains the world’s least liveable city?
    A) Lagos
    B) Damascus
    C) Islamabad
    D) Karachi
    
    
    

    
    Option B
    Explanation: Damascus remains the world’s least liveable city and most of the previous ten least liveable cities remain in the bottom ten this year, including Dhaka and Karachi in the Asia-Pacific region, as per the the 2021 edition of The Economist Intelligence Unit’s (The EIU) Global Liveability Ranking.

    
    
11. Which airline will become the first airline in the Middle East to join the IATA (International Air Transport Association) Turbulence Aware platform?
    A) Air New Zealand
    B) Singapore Airlines
    C) Cathay Pacific
    D) Qatar Airways
    
    
    

    
    Option D
    Explanation: Qatar Airways and the International Air Transport Association announced that Qatar Airways will become the first airline in the Middle East to join the IATA Turbulence Aware platform.

    
    
12. Where is the HQ of Indian Council for Cultural Relations (ICCR) situated?
    A) New Delhi
    B) Noida
    C) Pune
    D) Kolkata
    
    
    

    
    Option A
    

    
    
13. Ariel Henry has been elected as the new prime minister of which country?
    A) Guatemala
    B) Haiti
    C) Jamaica
    D) Hawaii
    
    
    

    
    Option B
    Explanation: In Haiti, Ariel Henry has been sworn in as the new prime minister, around two weeks after the country’s President Jovenel Moïse was assassinated.

    
    
14. _____ means financial intermediation outside the reach of standard regulation.
    A) Irregular Banking
    B) Grey Banking
    C) Shadow banking
    D) Soft banking
    
    
    

    
    Option C
    Explanation: A shadow banking system is the group of financial intermediaries facilitating the creation of credit across the global financial system but whose members are not subject to regulatory oversight.

    
    
15. How much amount have been allocated by Jal Shakti Ministry under Swachh Bharat Mission (Grameen) phase -2 towards solid and liquid waste management to support over two lakh villages in the current financial year?
    A) ₹35500 cr
    B) ₹40000 cr
    C) ₹45590 cr
    D) ₹40700 cr
    
    
    

    
    Option D
    Explanation: Jal Shakti Ministry said that Rs 40,700 crore have been allocated under Swachh Bharat Mission (Grameen) phase -2 towards solid and liquid waste management to support over two lakh villages in the current financial year.