General Awareness Quiz for Bank Mains Exams 2023 -17th June

Q1. The Indian government has announced its intention to sell up to a ______ stake in Coal India Ltd through the offer for sale (OFS) route, according to a recent regulatory filing.
(a) 5%
(b) 3%
(c) 1%
(d) 7%
(e) None of the above

Q2. Which Indian oil refinery company has announced its collaboration with LanzaJet, a leading sustainable fuels technology company, to establish an aviation fuel plant in Haryana?
(a) ONGC
(b) Reliance Industries Ltd.
(c) BPCL
(d) Indian Oil Corp
(e) None of the above

Q3. India’s Tata Group, a leading multinational conglomerate, has entered into an outline deal to construct a lithium-ion cell factory in which Indian state to bolster the country’s electric vehicle (EV) supply chain and reduce its dependence on battery imports?
(a) Andhra Pradesh
(b) Gujarat
(c) Maharashtra
(d) Karnataka
(e) None of the above

Q4. Insurance giant Life Insurance Corporation of India (LIC) has increased its equity shareholding in which IT services provider through a series of open market transactions over a period of more than six months?
(a) Wipro
(b) TCS
(c) Infosys
(d) Tech Mahindra
(e) None of the above

Q5. Global Alliance for Mass Entrepreneurship (GAME) and Small Industries Development Bank of India (SIDBI) have joined forces to introduce the NBFC Growth Accelerator Program (NGAP). Where headquarter of SIDBI is located?
(a) New Delhi, Delhi
(b) Mumbai, Maharashtra
(c) Lucknow, Uttar Pradesh
(d) Hyderabad, Telangana
(e) None of the above

Q6. Which country has emerged as the global leader in digital payments for the year 2022 in terms of both value and volume of transactions?
(a) India
(b) USA
(c) Sweden
(d) Japan
(e) None of the above

Q7. Tata Consultancy Services (TCS), a leading global IT services company, has expanded its partnership with which of the following tech giant and unveiled a new offering called TCS Generative AI?
(a) Meta
(b) Google Cloud
(c) Microsoft
(d) IBM
(e) None of the above

Q8. Which of the following payment app has announced the integration of RuPay credit cards onto the Unified Payments Interface (UPI) platform in collaboration with the National Payments Corporation of India (NPCI)?
(a) Google Pay
(b) PhonePe
(c) Mobikwik
(d) Paytm
(e) None of the above

Q9. The Asian Development Bank (ADB) and the Indian government have recently signed a loan agreement worth $141.12 million to support the development of high-quality internal infrastructure in which Indian state?
(a) Andhra Pradesh
(b) Jharkhand
(c) Assam
(d) Odisha
(e) None of the above

Q10. Which Small Finance Bank has entered into a partnership with IBM Consulting to develop and construct a digital banking platform?
(a) Utkarsh Small Finance Bank
(b) Equitas Small Finance Bank
(c) AU Small Finance Bank
(d) Jana Small Finance Bank
(e) None of the above

Solutions

S1. Ans (b)
Sol. The Indian government has announced its intention to sell up to a 3% stake in Coal India Ltd through the offer for sale (OFS) route, according to a recent regulatory filing.
The OFS will be open for both retail and non-retail investors on June 1 and 2, offering an opportunity to participate in the sale of shares in the renowned coal producer.

S2. Ans (d)
Sol. Indian Oil Corp (IOC), one of India’s largest oil refiners, has announced its collaboration with LanzaJet, a leading sustainable fuels technology company, to establish an aviation fuel plant in Haryana.
With an investment of approximately 23 billion rupees ($280.1 million), this strategic partnership aims to promote the production of sustainable aviation fuel (SAF) in the country.

S3. Ans(b)
Sol. India’s Tata Group, a leading multinational conglomerate, has entered into an outline deal to construct a lithium-ion cell factory in Gujarat, India.
With an investment of approximately 130 billion rupees ($1.58 billion), the plant aims to bolster the country’s electric vehicle (EV) supply chain and reduce its dependence on battery imports.
S4.Ans (d)
Sol. Insurance giant Life Insurance Corporation of India (LIC) has increased its equity shareholding in IT services provider Tech Mahindra through a series of open market transactions over a period of more than six months.
LIC’s stake in Tech Mahindra has risen from 6.869 percent to 8.884 percent, with an increase of 2.015 percent during the period from November 21, 2022, to June 6, 2023.
S5. Ans(c)
Sol. Lucknow, Uttar Pradesh is headquartering of SIDBI.
The program will primarily support NBFCs lending to MSMEs in tier two and tier three cities.
This collaborative initiative aims to address the funding challenges faced by micro, small, and medium enterprises (MSMEs) by focusing on capacity building for smaller Non-Banking Financial Companies (NBFCs).

S6. Ans(a)
Sol. India has emerged as the global leader in digital payments for the year 2022, surpassing other nations in terms of both value and volume of transactions.
The data from the government’s citizen engagement platform, MyGovIndia, reveals India’s dominant position in the digital payment landscape.
S7. Ans(b)
Sol. Tata Consultancy Services (TCS), a leading global IT services company, has expanded its partnership with Google Cloud and unveiled a new offering called TCS Generative AI.
This collaboration aims to leverage Google Cloud’s generative AI services to develop customized business solutions that drive growth and transformation for clients across various industries.
S8. Ans(a)
Sol. Google Pay, in collaboration with the National Payments Corporation of India (NPCI), has announced the integration of RuPay credit cards onto the Unified Payments Interface (UPI) platform.
This new feature allows users to link their RuPay credit cards with Google Pay, enabling them to make payments at both online and offline merchants that accept RuPay credit cards.
S9. Ans(a)
Sol. The Asian Development Bank (ADB) and the Indian government have recently signed a loan agreement worth $141.12 million to support the development of high-quality internal infrastructure in Andhra Pradesh (AP).
The funding will be utilized for the construction of roads, water supply systems, and an electricity distribution network in three industrial clusters within the state.
S10. Ans(b)
Sol. Equitas Small Finance Bank has entered into a partnership with IBM Consulting to develop and construct a digital banking platform.
This collaboration aims to enhance Equitas’ digital product offerings and service capabilities, as the bank adapts its business for the digital-first generation.