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Q:

Which one of the following events is not correctly matched with the year in which it happened?

A) Inauguration of the SWIFT system of electronic inter bank fund transfers worldwide—1985 B) Conclusion of the Uruguay Round of GATT—1994
C) Inauguration of the World Trade Organization—1995 D) Establishment of the first wholly electronic stock exchange (Nasdaq)—1971
 
Answer & Explanation Answer: A) Inauguration of the SWIFT system of electronic inter bank fund transfers worldwide—1985

Explanation:

•SWIFT was founded in the 1970s, based on the ambitious and innovative vision of creating a global financial messaging service, and a common language for international financial messaging.

•The Uruguay Round was the 8th round of multilateral trade negotiations (MTN) conducted within the framework of the General Agreement on Tariffs and Trade (GATT), spanning from 1986 to 1994 and embracing 123 countries as "contracting parties".

•The World Trade Organization (WTO) is an intergovernmental organization that regulates international trade. The WTO officially commenced on 1 January 1995 under the Marrakesh Agreement.

•Founded by the National Association of Securities Dealers, the NASDAQ began trading on February 8, 1971, as the world's first electronic stock market.

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

On 28 July 2017, Lok Sabha passed Indian Institutes of Management (IIM) Bill, 2017. The Bill has a provision to place the Annual report of the IIM’s in the parliament and auditing of their accounts by ______.

 

A) Chief Economic Adviser B) Economic Affairs Secretary
C) Comptroller and Auditor General D) Attorney General
 
Answer & Explanation Answer: C) Comptroller and Auditor General

Explanation:
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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

A man has some hens and some cows. If the total number of heads of hens and cows together is 50 and the nunber of feet of hens and cows together is 142, then the number of cows is

A) 21 B) 25
C) 27 D) 29
 
Answer & Explanation Answer: A) 21

Explanation:
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Filed Under: Quantitative Aptitude - Arithmetic Ability

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Q:

What is the effective discount (in %) on two successive discounts of 20% and 10%?

A) 30 B) 32
C) 35 D) 28
 
Answer & Explanation Answer: D) 28

Explanation:
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Filed Under: Quantitative Aptitude - Arithmetic Ability
Exam Prep: Bank Exams

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Q:

Who was the flag bearer for India at the 2016 Rio Olympics?

A) Abhinav Bindra B) Saina Nehwal
C) Sakshi Malik D) P.V. Sindhu
 
Answer & Explanation Answer: A) Abhinav Bindra

Explanation:
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Filed Under: Sports
Exam Prep: Bank Exams

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Q:

Name the Real Madrid footballer who has been awarded the Globe Soccer Award for 'The Best Player of the Year 2017'.

 

A) Cristiano Ronaldo B) Gareth Bale
C) Sergio Ramos D) Karim Benzema
 
Answer & Explanation Answer: A) Cristiano Ronaldo

Explanation:
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Filed Under: Sports
Exam Prep: Bank Exams

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Q:

Which of the following is a nitrogen-fixing bacteria?

A) Salmonella B) Rhizobium
C) E.coli D) Pseudomonas
 
Answer & Explanation Answer: B) Rhizobium

Explanation:
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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

In 2015 the nominal rate of interest in country was 6%, and the inflation rate then was 1.5%. So real rate of interest in 2015 was

A) 7.50% B) 4.50%
C) 4% D) 0.25%
 
Answer & Explanation Answer: B) 4.50%

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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