Basic General Knowledge problems
- 1. Reinsurance is the name given to:
Options- A. An individual taking insurance for the second time
- B. An insurer placing insurance with another insurer
- C. When government by insurance policies for government employees
- D. All the above Also asked in: Bank Exams
Correct Answer: An insurer placing insurance with another insurer
Explanation:
Reinsurance is insurance that is purchased by an insurance company from one or more insurance companies (the "reinsurer") directly or through a broker as a means of risk management.
- 2. Kishori amonkar died recently. He was associated with which of the following fields?
Options- A. Classical Vocalist
- B. Classical Dancer
- C. Sports
- D. Politician Also asked in: Bank Exams
Correct Answer: Classical Vocalist
Explanation:
Kishori amonkar died recently. He was associated with Classical Vocalist.
- 3. Malabo is the capital of which country?
Options- A. Rwanda
- B. Zambia
- C. Equatorial Guinea
- D. Panama Also asked in: Bank Exams
Correct Answer: Equatorial Guinea
Explanation:
Malabo is the capital of Equatorial Guinea.
- 4. What does ?L? stand for in PMLA?
Options- A. Leverage
- B. Limit
- C. Lending
- D. Liberalised Also asked in: Bank Exams
Correct Answer:
Explanation:
PMLA stands for Prevention of Money Laundering Act, 2002. So, L stands for Laundering. Prevention of Money Laundering Act, 2002 is an Act of the Parliament of India enacted by the NDA
government to prevent money-laundering and to provide for confiscation of property derived from money-laundering.
- 5. CBLO, a money market instrument that represents an obligation between a borrower and a lender as to the terms and conditions of a loan. What does 'C' stand for in CBLO?
Options- A. Clearing
- B. Culminative
- C. Collateralized
- D. Credit Also asked in: Bank Exams
Correct Answer: Collateralized
Explanation:
CBLO stands for Collateralized Borrowing and Lending Obligation. CBLO is a money market instrument that represents an obligation between a borrower and a lender as to the
terms and conditions of a loan. So, C stands for Collateralized.
- 6. Which institute launches Bharat Inclusive Initiative?
Options- A. IIT Bombay
- B. IIM Ahmedabad
- C. IIT Kharagpur
- D. IIM Calcutta Also asked in: Bank Exams
Correct Answer: IIM Ahmedabad
Explanation:
IIM Ahmedabad launches Bharat Inclusive Initiative.
IIM-Ahmedabad?s Centre for Innovation, Incubation and Entrepreneurship (CIIE) has launched a Bharat Inclusion Initiative to build knowledge and foster innovation and entrepreneurial activity across areas such as financial inclusion, livelihood, education and
health. Centre for Innovation Incubation and Entrepreneurship (CIIE) at IIM Ahmedabad helps entrepreneurs turn ideas into viable businesses.
- 7. Assumption island is located in which country?
Options- A. Seychelles
- B. Maldives
- C. Mauritius
- D. Sri Lanka Also asked in: Bank Exams
Correct Answer: Seychelles
Explanation:
Assumption Island is located in Seychelles. Assumption Island is a small island situated southwest of Seychelles main and largest island of Mahe. It is situated very close to the Mozambique Channel from where much Indian Ocean maritime routes pass. Its location lends its strategic importance for monitoring shipping in the Mozambique Channel.
- 8. Indira Sagar dam is located in which Indian State/City?
Options- A. Chhattisgarh
- B. Gujarat
- C. Maharashtra
- D. Madhya Pradesh Also asked in: Bank Exams
Correct Answer: Madhya Pradesh
Explanation:
Indira Sagar dam is located in Madhya Pradesh.
- 9. A non-trading company used as a vehicle for various financial manoeuvres or kept dormant for future use in some other capacity?
Options- A. Chit Funds
- B. Shell companies
- C. Nidhi Companies
- D. Indigenous Bankers Also asked in: Bank Exams
Correct Answer: Shell companies
Explanation:
A non-trading company used as a vehicle for various financial manoeuvres or kept dormant for future use in some other capacity is known as shell companies.
- 10. IRDAI has given its approval to LIC for the stake purchase, that will help get a capital support of Rs 10,000- 13,000 crore in which of the following state-owned banks?
Options- A. Union Bank of India
- B. IDBI Bank
- C. United Bank of India
- D. Indian Bank Discuss
Correct Answer: IDBI Bank
Explanation:
Life Insurance Corporation of India is all set to become a knight in shining armour for the ailing IDBI Bank. In a first-of-its-kind transaction, the Insurance Regulatory and Development Authority of India (IRDAI) has approved a proposal allowing the former to acquire a majority stake in the bank.
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