GA Revision for Banking and Other Exams – 1042

1. HDFC Bank, ICICI Bank and which other bank have picked up a stake in blockchain technology focussed start-up IBBIC Pvt Ltd.?
   A) DCB Bank
   B) Axis Bank
   C) Bandhan Bank
   D) IndusInd Bank
   
   
   

   
   Option B
   Explanation: Private sector lenders including HDFC Bank, ICICI Bank and Axis Bank have picked up a stake in blockchain technology focussed start-up IBBIC Pvt Ltd.

   
   
2. Which space agency will Launch ‘EnVision’ Mission To Venus In 2030?
   A) JAXA
   B) NASA
   C) ESA
   D) ISRO
   
   
   

   
   Option C
   Explanation: The European Space Agency (ESA), is now developing its own probe to study Venus, for holistic view of planet from its inner core to upper atmosphere.

   
   
3. UPI has been developed by?
   A) RBI
   B) NPCI
   C) MeitY
   D) NOFN
   
   
   

   
   Option B
   Explanation: Unified Payments Interface (UPI) is an instant payment system developed by the National Payments Corporation of India (NPCI), an RBI regulated entity.

   
   
4. In which country,the 2022 Asian Games are to be held?
   A) Thailand
   B) India
   C) China
   D) South Africa
   
   
   

   
   Option C
   Explanation: The 2022 Asian Games is set to be held in Hangzhou, China and will mark the 19th anniversary of the event. The Olympic Council of Asia revealed that eight esports titles will make their debut at the Asian Games.

   
   
5. Where did the 12th Edition of Indo-Russia joint Military Exercise INDRA-2021 held?
   A) Kochi, India
   B) Kazan, Russia
   C) Raipur, India
   D) Volgograd, Russia
   
   
   

   
   Option D
   Explanation: 12th Edition of Indo-Russia joint Military Exercise INDRA-2021 held at Volgograd, Russia from 1st to 13th August.

   
   
6. In which State is the Bornadi Wild Life Sanctuary located?
   A) West Bengal
   B) Odisha
   C) Assam
   D) Bihar
   
   
   

   
   Option C
   Explanation: Bornadi Wildlife Sanctuary is located in Udalguri & Baksa Districtof Assam.

   
   
7. Which International Firm will Build Undersea Cable Firmina to Connect Latin America and the US?
   A) Google
   B) Infosys
   C) Microsoft
   D) None of the above
   
   
   

   
   Option A
   Explanation: Alphabet’s Google said it was building an undersea cable that would connect the United States, Brazil, Uruguay, and Argentina, to bolster Internet connection capacity between these regions.

   
   
8. Which steel making company has commissioned India’s first plant for CO2 capture from blast furnace gas?
   A) Tata Steel
   B) SAIL
   C) Jindal Steel
   D) JSW Steel
   
   
   

   
   Option A
   Explanation: Tata Steel commissioned a 5-tonne per day (TPD) carbon capture plant at its Jamshedpur Works, making it the country’s first steel company to adopt such a carbon capture technology that extracts CO2 directly from the blast furnace gas. Tata Steel will reuse the captured CO2 on site to promote circular carbon economy.

   
   
9. Where did Exercise Cutlass Express 2021 commenced in which Indian Naval Ship (INS) Talwar participated?
   A) East Coast of Africa
   B) Indian Ocean
   C) South China Sea
   D) Gulf of Aden
   
   
   

   
   Option A
   Explanation: Indian Naval Ship (INS) Talwar is participating in Exercise Cutlass Express 2021, which commenced on July 26 along the East Coast of Africa, to improve combined maritime law enforcement capacity and increase interoperability between the regional navies.

   
   
10. Which journalist has been given Pulitzer Prize for the year 2021 under local reporting category?
    A) Kathleen McGrory
    B) Andrew Chung
    C) Vernal Coleman
    D) Brendan McCarthy
    
    
    

    
    Option A
    Explanation: Local Reporting: Kathleen McGrory and Neil Bedi of the Tampa Bay Times

    
    
11. How much growth rate of India has been projected by UNCTAD for year 2021?
    A) 7.5%
    B) 7.1%
    C) 7.0%
    D) 7.2%
    
    
    

    
    Option D
    Explanation: The United Nations Conference on Trade and Development (UNCTAD) has pegged India’s economic growth rate to hit a four-year high of 7.2 per cent for 2021 against a contraction of 7 per cent in 2020.

    
    
12. What is the metric which defines operating liquidity available to business known as?
    A) Quick ratio
    B) Accounts payable turnover
    C) Working capital
    D) Cash conversion cycle
    
    
    

    
    Option C
    Explanation: The liquidity metric Working capital is defined simply as the difference between two Balance sheet figures: Working capital = Current assets – Current liabilities.

    
    
13. Which bank launched an overdraft facility called ‘Dukandar Overdraft Scheme’ for small retailers in partnership with the government’s common service centres CSC SPV that enables government schemes and services through CSCs?
    A) Axis Bank
    B) HDFC Bank
    C) Kotak Mahindra Bank
    D) DCB Bank
    
    
    

    
    Option B
    Explanation: India’s largest private lender HDFC Bank launched an overdraft facility ‘Dukandar Overdraft Scheme’ for small retailers in partnership with the government’s e-governance services delivery arm CSC SPV that enables government schemes and services through common service centres (CSCs). HDFC Bank will approve an overdraft limit from a minimum of Rs 50,000 to a maximum of Rs 10 lakhs based on the statements.

    
    
14. Naftali Bennett is the prime minister of which country?
    A) Germany
    B) Italy
    C) Israel
    D) Africa
    
    
    

    
    Option C
    Explanation: Capital - Jerusalem , Currency - Israeli Shekel, President - Isaac Herzog

    
    
15. Where is the HQ of Khadi and Village Industries Commission (KVIC) situated?
    A) Chennai
    B) Mumbai
    C) Surat
    D) Bareilly
    
    
    

    
    Option B
    Explanation: The Khadi and Village Industries Commission is a statutory body formed in April 1957 by the Government of India, under the Act of Parliament, 'Khadi and Village Industries Commission Act of 1956'. Chairperson - Vinai Kumar Saxena