Question 1

Public Sector Enterprises (PSEs) is comes under which ministry?

Accepted Answer

The Ministry of Heavy Industries and Public Enterprises is a branch of the Government of India that administers 48 central public sector enterprises (PSEs) and assists them in their effort to improve capacity utilization and increase profitability, generate resources and re-orient strategies to become more competitive.

Question 2

Cheques, Drafts, Pay Orders and Banker’s Cheques are “valid for ___________________ months from the date of instrument.

Accepted Answer

In exercise of the powers conferred by Section 35A of the Banking Regulation Act, 1949, Reserve Bank of India directs that with effect from April 1, 2012, banks should not make payment of cheques/drafts/pay orders/banker’s cheques bearing that date or any subsequent date, if they are presented beyond the period of three months from the date of such instrument. Accordingly, cheques, Drafts, Pay Orders and Banker’s Cheques are “valid for 3 months from the date of instrument”, with effect from 01.04.2012.

Question 3

As per guidelines of the RBI, payments banks can accept demand deposits (savings and current) up to a maximum of _______________ per customer.

Accepted Answer

As per guidelines of the RBI, payments banks can accept demand deposits – savings and current – up to a maximum of ?1 lakh per customer. To overcome this restriction of holding a maximum balance of ?1 lakh per customer, payments banks have entered into tie-ups with mainline banks so that balances over ?1 lakh can be converted into fixed deposits with the latter.

Question 4

IRDAI has directed all third-party insurance companies to include vehicle insurance policies cover to vehicle owners-drivers of all vehicles (two-wheelers, three-wheelers, passenger vehicles and commercial vehicles) for an additional premium of-

Accepted Answer

All vehicle insurance policies will now include personal accident cover worth Rs 15 lakh in case of the death of the owner while driving or riding. This new rule will help the families of accident victims especially two-wheeler riders who are most of the time under-insured. The Insurance Regulatory and Development Authority (IRDAI) in a circular has directed all third-party insurance companies to include this cover to vehicle owners-drivers of all vehicles (two-wheelers, three-wheelers, passenger vehicles and commercial vehicles) for an additional premium of Rs 750 per year (annual insurance policy). This will now be part of the mandatory insurance cover that is a must for all vehicle owners.

Question 5

Which of the following bank will allow its customers to make card-less cash withdrawals at over 100000 ATMs across India?

Accepted Answer

Airtel Payment Bank, India's first payments bank, has announced that its customers can now make cardless cash withdrawals at over 100,000 ATMs.

Question 6

How much amount is available to one account holder of Pradhan Mantri Jan Dhan Yojana per household after six months of satisfactory conduct of the account?

Accepted Answer

A bank account under financial inclusion scheme Pradhan Mantri Jan Dhan Yojana (PMJDY) can be opened in any bank branch or business correspondent outlet. PMJDY is a government-run financial inclusion scheme aimed at ensuring access to services such as banking, savings, deposits, remittance, credit, insurance and pension at an affordable price. Bank accounts under the Jan Dhan scheme can be opened with zero balance. In other words, the account holder need not maintain any particular account balance to keep the account account. The government recently doubled the overdraft limit on Jan Dhan accounts. The overdraft limit of Jan Dhan accounts now stands at Rs 10,000, double than the previous limit of Rs 5,000, according to an official statement released last week.

Question 7

Indian Air Force (IAF) for first time was participated in multinational air exercise_______________ 2018 (PB-18) in Australia hosted Royal Australian Air Force (RAAF).

Accepted Answer

Indian Air Force (IAF) for first time will participate in multinational air exercise Pitch Black – 18 (PB18) in Australia hosted Royal Australian Air Force (RAAF). It will be three week multi-national large force employment exercise (27 July to 17 August 2018) conducted from RAAF Base Darwin and RAAF Base Tindal.

Question 8

While India stands _______________ largest in number in terms of number of World Heritage properties in ASPAC (Asia and Pacific) region

Accepted Answer

India now has overall 37 World Heritage Inscriptions with 29 Cultural, 07 Natural and 01 Mixed sites. While India stands second largest in number after China in terms of number of World Heritage properties in ASPAC (Asia and Pacific) region, it is overall sixth in the world.

Question 9

The _________________ is the second supersonic fighter developed by Hindustan Aeronautics Limited (HAL) after the HAL HF-24 Marut.

Accepted Answer

The Tejas is the second supersonic fighter developed by Hindustan Aeronautics Limited (HAL) after the HAL HF-24 Marut. As of 2016 the Tejas Mark 1 is in production for the Indian Air Force (IAF) and the naval version is undergoing flight tests for Indian Navy (IN).

Question 10

The Reserve Bank of India made a strong case for setting up a ___________________ in India to address the twin balance sheet problem of the banking sector and the corporate sector.

Accepted Answer

The Reserve Bank of India made a strong case for setting up a public credit registry in India to address the twin balance sheet problem of the banking sector and the corporate sector. Public credit registry coverage reports the number of individuals and firms listed in a public credit registry with current information on repayment history, unpaid debts, or credit outstanding. The number is expressed as a percentage of the adult population.

Question 11

What is child sex ratio for 1000 males as per census 2011?

Accepted Answer

As per the Census, 2011 the child sex ratio (0-6 years) has shown a decline from 927 females per thousand males in 2001 to 919 females per thousand males in 2011.

Question 12

BOND-I is given by which institution?

Accepted Answer

The World Bank launched bond-I.

Question 13

Stan Lee, who passed away recently, was a comic writer with which of the following comic works was he as associated?

Accepted Answer

Stan Lee, the legendary writer, editor and publisher of Marvel Comics whose fantabulous but flawed creations made him a real-life superhero to comic book lovers everywhere, has died.

Question 14

What is the minimum paid-up equity capital for small finance banks?

Accepted Answer

The minimum paid-up equity capital for small finance banks shall be Rs. 100 crore.

Question 15

Which of the following country to host the 11th BRICS Summit is scheduled for October 2019?

Accepted Answer

Brazil to host the 11th BRICS Summit, scheduled for October 2019.

Question 16

Who is the committee head of the merger of the public sector banks?

Accepted Answer

The finance minister of india, Mr arun jaitley is the committee head of the merger of the public sector banks.

Question 17

What is the current reverse repo rate of RBI?

Accepted Answer

5.40% is the current reverse repo rate of RBI as of 2019. As of 2018 it is 6.5%.

Question 18

Recently, RBI has declared that how much percentage of demonetized money was back?

Accepted Answer

As much as 99.3 per cent of the junked Rs 500 and Rs 1,000 notes have returned to the banking system, the RBI said today, indicating that just a miniscule percentage of currency was left out of the system after the government's unprecedented note ban aimed at curbing black money and corruption. The Reserve Bank of India (RBI), which has taken an awfully long time to count the currency that was returned in the limited period window provided by the government to exchange or deposit the demonetised currency, said in its Annual Report for 2017-18 that the exercise is finally over.

Question 19

Khelo India Youth Games, formerly Khelo India School Games, meaning Play India Youth Games, held annually in January or February, are the national level multidisciplinary grassroot games in India held for two categories, namely under17 years school …

Accepted Answer

Khelo India Youth Games, formerly Khelo India School Games, meaning Play India Youth Games, held annually in January or February, are the national level multidisciplinary grassroot games in India held for two categories, namely under-17 years school students and under-21 college students. The 1st edition of Khelo India School Games was Conducted at Shiv Chattarpati Sports Complex, Pune (Maharashtra).

Question 20

Who is the Chairman of HDFC Bank?

Accepted Answer

Deepak Parekh is the Chairman of Housing Development Finance Corporation, India's leading housing finance company.

Basic General Knowledge Questions