General Awareness Quiz for Bank Mains Exams 2023 -19th July

Q1. Who has cancelled the Foreign Contribution Registration Act (FCRA) licence of a Delhi-based non-governmental organisation (NGO) ‘Sadbhavana Trust’?
(a) Securities and Exchange Board of India
(b) Reserve Bank of India
(c) Government of India
(d) EXIM Bank
(e) None of the above

Q2. Which of the following company has recently made history by becoming the first Central Public Sector Enterprise (CPSE) in India to receive certification for its Anti-Bribery Management System (ABMS)?
(a) HPCL
(b) ONGC
(c) Indian Oil
(d) Coal India
(e) None of the above

Q3. 13.5 Crore Indians escape Multidimensional Poverty in 5 years. Which of the following institution/organization has released a report about India’s achievement of remarkable feat in its efforts to reduce multidimensional poverty?
(a) World Bank
(b) United Nations
(c) IMF
(d) NITI Aayog
(e) None of the above

Q4. Who launched a new campaign for banks under Agri Infra Fund name BHARAT (Banks Heralding Accelerated Rural & Agriculture Transformation)?
(a) Shaktikanta Das
(b) Rajesh Kumar
(c) Narendra Modi
(d) Manoj Ahuja
(e) None of the above

Q5. Which payments processor company has announced its acquisition of Brazilian fintech platform Pismo for $1 billion in cash?
(a) Master Card
(b) Visa
(c) American Express
(d) WorldPay
(e) None of the above

Q6. The Indian government has taken a significant step towards establishing India’s first carbon market by notifying a draft framework for the Carbon Credit Trading Scheme, 2023. India has set a goal of achieving net-zero emissions by which year?
(a) 2070
(b) 2030
(c) 2050
(d) 2047
(e) None of the above

Q7. Razor Pay (India’s renowned fintech giant and leading Full-Stack Payments and Business Banking Platform) launches its first international payment gateway in which country?
(a) Singapore
(b) Canada
(c) Germany
(d) Malaysia
(e) None of the above

Q8. In a bid to tackle fake registrations and enhance the integrity of the Goods and Services Tax (GST) system, the GST Council is considering implementing new measures. In which year GST has been implemented to Indian economy?
(a) 2018
(b) 2019
(c) 2017
(d) 2015
(e) None of the above

Q9. The disbursal of loans under the Pradhan Mantri Mudra Yojana (PMMY) in India has seen a significant increase, reaching ₹81,597 crore in the first quarter of FY24. In which year Pradhan Mantri Mudra Yojana was introduced?
(a) 2015
(b) 2018
(c) 2017
(d) 2020
(e) None of the above

Q10. India’s small drugmakers in the micro, small, and medium enterprises (MSME) sector will soon be required to adhere to the good manufacturing practices outlined in Schedule _____________of the Drugs and Cosmetics Act.
(a) Schedule D
(b) Schedule I
(c) Schedule X
(d) Schedule M
(e) None of the above

Solutions

S1. Ans (c)
Sol. The Government of India has cancelled the Foreign Contribution Registration Act (FCRA) license of the Sadbhavana Trust, a Delhi-based non-governmental organization (NGO) that has been actively working to empower Dalit and Muslim women.

S2. Ans (b)
Sol. Oil and Natural Gas Corporation (ONGC) has recently made history by becoming the first Central Public Sector Enterprise (CPSE) in India to receive certification for its Anti-Bribery Management System (ABMS).
ONGC’s commitment to combat bribery was previously demonstrated in 2005 when it became the first organization in India to adopt the Integrity Pact (IP) initiated by Transparency International.

S3. Ans (d)
Sol. According to the latest NITI Aayog report, India has achieved a remarkable feat in its efforts to reduce multidimensional poverty.
Between 2015-16 and 2019-21, a staggering 13.5 crore people moved out of multidimensional poverty, showcasing the country’s commitment to sustainable and equitable development.

S4. Ans (d)
Sol. Agriculture Secretary of the Ministry of Agriculture and Farmers Welfare, Manoj Ahuja launched a new campaign for banks under the Agri Infra Fund name BHARAT (Banks Heralding Accelerated Rural & Agriculture Transformation).

S5. Ans (b)
Sol. Visa, the world’s largest payments processor, has announced its acquisition of Brazilian fintech platform Pismo for $1 billion in cash.
This move aims to enhance Visa’s footprint in Latin America and demonstrates renewed confidence in the region amidst a slowdown in funding.

S6. Ans (a)
Sol. India’s ambitious goal has been set to achieve net-zero emissions by 2070.
The framework outlines the regulatory structure and key stakeholders responsible for the formation and functioning of the carbon market.

S7. Ans (d)
Sol. India’s renowned fintech giant and leading Full-Stack Payments and Business Banking Platform, Razorpay, has made a significant announcement regarding its first-ever international Payment Gateway for the Malaysian market as it acquires Malaysian fintech start-up ‘Curlec‘for $20 million, which has been rebranded as ‘Curlec by Razorpay‘.

S8. Ans (c)
Sol. GST has been implemented in India on 1st July 2017.
These measures include reducing the time period for submission of PAN-linked bank account details, introducing mandatory physical verification for “high-risk” applicants, and amending GST Rules regarding the presence of applicants during verification.

S9. Ans (a)
Sol. Pradhan Mantri Mudra Yojana has been introduced on 8th April 2015.
The surge in disbursals can be attributed to the rising demand for loans in the Tarun category and other factors. It is the highest-ever increase in disbursals during the first quarter since the launch of the scheme.

S10. Ans (d)
Sol. India’s small drugmakers in the micro, small, and medium enterprises (MSME) sector will soon be required to adhere to the good manufacturing practices outlined in Schedule M of the Drugs and Cosmetics Act.
Health Minister Mansukh Mandaviya announced this decision after engaging with industry representatives, emphasizing the need for quality assurance and reducing compliance burdens.