General Awareness Questions

Q:

The banks avail long-term loans from Reserve Bank of India (RBI) by putting no collateral securities. This loan is availed under which of the following lending rates?

A) Bank rate B) Repo rate
C) Reserve repo rate D) Marginal Standing Facily
 
Answer & Explanation Answer: A) Bank rate

Explanation:

The bank rateis the rate of interest at which banks takelong term loansfrom Reserve Bank of India (RBI) by putting no collateral security. It is the rate at which RBI rediscounts the bills of exchange and government securities held by the commercial banks. For controlling the credit, inflation and money supply, RBI increases the bank rate.

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Q:

In November 2017, a report titled ‘Credit Suisse Global Wealth Report’ was released. As per this report, what was approximate total household wealth of India?

 

A) $ 5 Trillion B) $ 1 Trillion
C) $ 10 Trillion D) $ 15 Trillion
 
Answer & Explanation Answer: A) $ 5 Trillion

Explanation:
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Q:

Which one of the following institutions is also called "World Bank" ?

A) International Bank of Reconstruction and Development B) International Monetary Fund
C) UNICEF D) IFC
 
Answer & Explanation Answer: A) International Bank of Reconstruction and Development

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Q:

The impact of Green Revolution was felt most in the case of

A) Wheat B) Rice
C) Pulses D) Oil seeds
 
Answer & Explanation Answer: A) Wheat

Explanation:
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Q:

Sri Lanka on 9 December, 2017 formally handed over the control of the southern deep sea port of Hambantota to which country for 99 year lease?

 

A) India B) Pakistan
C) China D) Japan
 
Answer & Explanation Answer: C) China

Explanation:
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Q:

Which   of   the   following   statements   are correct about ‘Saakshar Bharat’ scheme?

1.It   is   a   centrally   sponsored   scheme which    was    launched    during    the Eleventh Five-year Plan.

2.The   scheme   applies   to   women   in particular and disadvantaged groups in general.

3.The  scheme  applies  to  persons  above the age of 10 years.

4.The     scheme     is     anchored     with Panchayati  raj  Institutions  and  Local self-Government.Select  the  correct  answer  using  the  code given below.

A) 1, 2 and 3 B) 2, 3 and 4
C) 1,2 and 4 D) 1, 3 and 4
 
Answer & Explanation Answer: C) 1,2 and 4

Explanation:

Saakshar    Bharat    scheme    was launched  on  8th  September  2009 during  the  11th  Five  Year  Plan, with an aim to raise literacy rate to 80%, to bridge gender gap to 10% .The   scheme   is   anchored   with Panchayati   Raj   Institutions   and Local  Self-government  to  decrease regional  and  social  disparities  and to   focus   on   women,   SCs,   STs, minorities and other disadvantaged  groups.  It  focused mainly  on  adult  education,  with emphasis  on  non-literates  in  the age group of 15-36 years.

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Q:

On 9 November 2017, House Building Advance (HBA) rules were revised. Now, under the new rules, the central government employee can barrow a maximum of how much amount from government?

 

A) Rs 50 lakh B) Rs 25 lakh
C) Rs 75 lakh D) Rs 15 lakh
 
Answer & Explanation Answer: B) Rs 25 lakh

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Q:

Which country was, in October 2017, named the best country to visit in 2018, according to Lonely Planet 'Best in Travel 2018' list?

A) India B) Chile
C) Thailand D) South Korea
 
Answer & Explanation Answer: B) Chile

Explanation:
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