Basic General Knowledge problems
- 1. Which of the following committees has been constituted by Insurance Regulatory and Development Authority (IRDAI) to review regulations governing the Insurance Marketing Firms (IMF)?
Options- A. Balwant Rai Mehta Committee
- B. Veerappa Moily Committee
- C. Ashok Chavan Committee
- D. Sachar Committee Also asked in: Bank Exams
Correct Answer: Sachar Committee
Explanation:
The Insurance Regulatory and Development Authority (IRDAI) has set up a 10-member committee headed by Suresh Mathur (ED-IMF, IRDAI) to review norms related to Insurance
Marketing Firms (IMF) with an aim to increase insurance penetration in the country.
- 2. What is the name of country whose capital is Lusaka and currency is Kwacha?
Options- A. Yemen
- B. Uganda
- C. Zambia
- D. Somalia Also asked in: Bank Exams
Correct Answer: Zambia
Explanation:
The Republic of Zambia is a landlocked country in Southern Africa. The capital city is Lusaka and currency is Kwacha.
- 3. In which of the following states is the Dudhwa National Park located?
Options- A. Arunachal Pradesh
- B. Madhya Pradesh
- C. Uttar Pradesh
- D. Andhra Pradesh Also asked in: Bank Exams
Correct Answer: Uttar Pradesh
Explanation:
The Dudhwa National Park is a national park in the Terai of Uttar Pradesh, India. It is part of the Dudhwa Tiger Reserve.
- 4. Hirakud dam is located in which of the following states?
Options- A. Jharkhand
- B. Chhattisgarh
- C. Odisha
- D. West Bengal Also asked in: Bank Exams
Correct Answer: Odisha
Explanation:
Hirakud dam is located in Odisha on Mahanadi.
- 5. In which one of the following States, Patratu Thermal Power Plant is proposed to be set up?
Options- A. Madhya Pradesh
- B. Bihar
- C. Jharkhand
- D. West Bengal Also asked in: Bank Exams
Correct Answer: Jharkhand
Explanation:
Patratu Thermal Power Station is a coal-based thermal power plant located near Patratu town in Ramgarh district in the Indian state of Jharkhand. The power plant is operated by the Jharkhand State Electricity Board. It has an installed capacity of 840 MW. The generating units of the power plant are very old and are operating at around 10% PLF, generating about 110 MW per day.
- 6. Which among the following is an umbrella organization for all retail payments system in India?
Options- A. RBI
- B. NPCI
- C. SEBI
- D. NITI Aayog Also asked in: Bank Exams
Correct Answer: NPCI
Explanation:
National Payments Corporation of India is the umbrella organisation for all retail payment systems in India, which aims to allow all Indian citizens to have unrestricted access to e-payment services
- 7. Which of the following telecommunication will acquire the business of Telenor India for an undisclosed sum in all seven circles?
Options- A. BSNL
- B. Tata Docomo
- C. Bharti Airtel
- D. MTS India Also asked in: Bank Exams
Correct Answer: Bharti Airtel
Explanation:
Bharti Airtel will acquire the business of Telenor India for an undisclosed sum in all seven circles Andhra Pradesh, Bihar, Maharashtra, Gujarat, UP (East), UP (West) and Assam.
Note: Telenor India (formerly known as Uninor) was an Indian mobile network operator based in Gurgaon, Haryana, India. The company is a wholly owned subsidiary of Telenor Group, a telecommunication company headquartered in Oslo, Norway.
- 8. The 2018 ASEAN India Film Festival was held in which of the following cities?
Options- A. Lucknow
- B. New Delhi
- C. Pune
- D. Gurugram Also asked in: Bank Exams
Correct Answer: New Delhi
Explanation:
The ASEAN India Film Festival 2018 was held in New Delhi. It was inaugurated by Information and Broadcasting Minister Col. (Retd) Rajyavardhan Singh Rathore.
- 9. The Headquarter of The Asian Infrastructure Investment Bank (AIIB) is located in?
Options- A. Beijing
- B. Shanghai
- C. Xinijiang
- D. Hong Kong Also asked in: Bank Exams
Correct Answer: Beijing
Explanation:
Explanation: The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank (MDB) conceived for the 21st century. The Bank's foundation is built on the lessons of experience of existing MDBs and the private sector. Its modus operandi will be lean, clean and green: it is situated in Beijing, China.
- 10. LRS is a facility provided by the Reserve Bank of India for all the resident individuals to freely remit a certain amount in terms of US dollar every financial year for a permissible set of current or capital account transactions. Here ?LRS? stands for ____.
Options- A. Liquidity Remittance Scheme
- B. Liberalised Remittance Scheme
- C. Liberalised Remittance Source
- D. Liberalised Revenue Scheme Also asked in: Bank Exams
Correct Answer: Liberalised Remittance Scheme
Explanation:
LRS stands for - Liberalised Remittance Scheme.
LRS is a facility provided by the Reserve Bank of India for all resident individuals to freely remit certain amount in terms of US dollar every financial year for a permissible set of current or capital account transactions.
Note:
* In April 2018, the Reserve Bank of India (RBI) has tightened reporting norms for the Liberalised Remittance Scheme (LRS) under which individual can transfer up to US $2,50,000 abroad in a year.
* The purpose of tightening of norms is to improve monitoring and to ensure compliance with LRS limits.
* The scheme was introduced in February 2004 and its regulations are provided under Foreign Exchange Management Act (FEMA), 1999.
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