General Awareness Quiz for Bank Mains Exams 2023-24th November

Q1. How much amount of monthly pension would be provided to the beneficiaries of the PMSYM pension scheme?

(a) Rs 3000
(b) Rs 2000
(c) Rs 5000
(d) Rs 4000
(e) Rs 2500

Q2. Recently, the public sector bank, Indian Bank, presented a pre-approved personal loan product under Project WAVE. For what does “E” stand from WAVE?

(a) Expertise
(b) Exposure
(c) Experience
(d) Experiment
(e) Electronic

Q3. Which Indian organization has recently (In Feb 23) acquired the strategic Israeli port of Haifa for USD 1.2 billion?

(a) Adani Group
(b) Hinduja Group
(c) Reliance Industries
(d) Indian Oil Corporation
(e) None of the above

Q4. Who has recently (July 23) assumed charge as Managing Director and Chief Executive Officer of the Bank of Baroda?

(a) Debadatta Chand
(b) Sanjiv Chadha
(c) Rajat Verma
(d) AP Hota
(e) Swaminathan Janakiraman

Q5. Which company created the Threads app, a new text-based microblogging platform, lately (in July ’23)?

(a) Twitter
(b) Meta
(c) IBM
(d) Google
(e) Microsoft

Q6. The National Mission on Libraries is an initiative aimed at the modernization and digital interconnection of almost 9,000 libraries throughout the country. The National Mission on Libraries initiative comes under which union ministry?

(a) Ministry of Electronics and Information Technology
(b) Ministry of Skill Development and Entrepreneurship
(c) Ministry of Education
(d) Ministry of Culture
(e) None of the above

Q7. The Central Board of Indirect Taxes and Customs (CBIC) announced a significant change in India’s Goods and Services Tax (GST) rules. As per the new guidelines, companies with a turnover of more than _________ crore will be required to generate electronic invoices (e-invoices).

(a) ₹1 crore
(b) ₹10 crore
(c) ₹5 crore
(d) ₹20 crore
(e) ₹2 crore

Q8. A Primary (urban) cooperative bank can sanction a loan to a single party up to a maximum amount of _____ its capital.

(a) 20 % of its capital
(b) 15 % of its capital
(c) 10 % of its capital
(d) 5% of its capital
(e) 25% of its capital

Q9. In partnership with which state government, Japan’s renowned hospitality group, Hotel Management International Company Limited (HMI), plans to invest Rs 7200 crore in the state and open 30 new properties?

(a) Kerala
(b) Karnataka
(c) Goa
(d) Maharashtra
(e) Uttar Pradesh

Q10. In a Promissory Note, how many parties are involved?

(a) One
(b) Two
(c) Three
(d) Four

(e) Five

Solutions

S1. Ans. (a)
Sol. Rs 3000 of monthly pension would be provided to the beneficiaries of the PMSYM pension scheme.
Details:

• Effective from February 15, 2019.
• The scheme was created under the Unorganised Workers’ Social Security Act,2008.
• Total outlay for the scheme is Rs 500 crore.
• Age limit is 18 to 40 years.

S2. Ans. (c)
Sol. The public sector bank, The Indian Bank has presented a pre-approved personal loan product under Project WAVE. The Chennai-based bank announced the World of Advance Virtual Experience.

S3. Ans. (a)
Sol. Adani Group has acquired the strategic Israeli port of Haifa for USD 1.2 billion.
Details:

• The deal was signed by Adani Group chairman Gautam Adani in the presence of Israeli PM Benjamin Netanyahu.
• The Haifa Port is the second largest port in Israel in terms of shipping containers and the largest in terms of shipping tourist cruise ships.
• The Adani group will also develop real estate at the port to transform the Haifa skyline.

S4. Ans. (a)
Sol. Debadatta Chand has assumed charge as the managing director and chief executive officer of Bank of Baroda (BoB) today. He takes over from Sanjiv Chadha, whose tenure ended on June 30, 2023.

S5. Ans. (b)
Sol. Threads, an app launched as a new text-based microblogging platform, developed by Meta for sharing text updates and joining public conversations.
Details:

• The new app is rolled out in 100 countries (currently unavailable in the EU region) including India and is available in iOS (iPhone Operating System) and Play Store.
• It is said to be the text-based version of Meta’s photo-sharing app Instagram. Thread users will need an Instagram account to log in.

S6. Ans. (d)
Sol. The National Mission on Libraries is an initiative of the Ministry of Culture under the Government of India, aimed at the modernization and digital interconnection of almost 9,000 libraries throughout the country.
Its primary goal is to grant readers easy access to a vast array of books and information.

S7. Ans. (c)
Sol. On July 28, 2023, the Central Board of Indirect Taxes and Customs (CBIC) announced a significant change in India’s Goods and Services Tax (GST) rules.
As per the new guidelines, companies with a turnover of more than ₹5 crores will be required to generate electronic invoices (e-invoices) for their business-to-business (B2B) transactions or exports.

S8. Ans. (b)
Sol. Primary (urban) cooperative banks are required to fix, with the approval of their Board of Directors, the exposure ceiling in relation to the bank’s capital funds.
(1) the exposure to an individual borrower does not exceed 15 percent of capital funds, and (ii) the exposure to a group of borrowers does not exceed 40 percent of capital funds.

S9. Ans. (e)
Sol. Japanese hotel chain Hotel Management International (HMI) Company Limited has inked an MoU with the Uttar Pradesh government to develop 30 new hotels with an investment of ₹7,200 crores in the state.
Details

• The company has signed an MoU with the UP government to invest Rs 7200 crore at the UP Global Investors Summit.
  Uttar Pradesh Static Facts:

• Capital: Lucknow
• Chief Minister: Yogi Aditya Nath
• Governor: Anandi Ben Patel
• National Parks: Dudhwa National Park
• Folk Dances: Braj Raslila, Charkula, Kathak
• Wildlife Sanctuaries: Kishanpur Sanctuary, Hastinapur Sanctuary, Nawabganj Bird Sanctuary etc.

S10. Ans. (c)
Sol. Every promissory note always consists of three important parties. These include the maker, the payee as well as the holder. Even endorsers and endorsees can be parties in certain cases.