General Awareness Quiz for Bank Mains Exams 2023-30th November

Q1. To provide long-term financial assistance to viable infrastructure projects, the Indian Renewable Energy Development Agency Ltd. (IREDA), a PSU under the Ministry of New & Renewable Energy (MNRE) signed an MoU with a Finance Service Company. What is the name of this company?

(a) Tata Capital Financial Services Limited
(b) Bajaj Finserv
(c) Muthoot Finance
(d) Power Finance Corporation Limited
(e) India Infrastructure Finance Company

Q2. A team of technology experts of BITS Hyderabad, IIT Mumbai and IIT Kharagpur, coordinated by Prof. Prasanta Sahu, has won the grant of USD 3.99 lakh (₹3.32 crore) to develop TUTEM — Technologies for Urban Transit to Enhance Mobility and Safe Accessibility. The grant has been approved by which financial institution?

(a) World Bank
(b) Asian Development Bank
(c) Asian Infrastructure Investment Bank
(d) International Monetary Fund
(e) New Development Bank

Q3. Which state government signed a Memorandum of Understanding (MoU) with DFL Deutsche Fußball Liga GmbH (DFL) to develop the football ecosystem in India?

(a) Odisha
(b) Maharashtra
(c) West Bengal
(d) Madhya Pradesh
(e) Uttar Pradesh

Q4. In August 2023, which central government scheme completed 9 years of its successful implementation?

(a) PMMY
(b) PMJJBY
(c) PMSBY
(d) PMJDY
(e) APY

Q5. Among the following, which Financial Technology company launched the industry-first Soundbox which enables merchants to accept both mobile and card payments across all Visa, Mastercard, Amex, and RuPay networks through Soundbox with a ‘tap and pay’ feature?

(a) PhonePe
(b) CRED
(c) Pine Labs
(d) Paytm
(e) PayU

Q6. The Reserve Bank of India (RBI) circular titled ‘Operation of Pre-Sanctioned Credit Lines at Banks through UPI’ announced the inclusion of pre-sanctioned credit lines as funding accounts in the Unified Payments Interface (UPI).  The circular applies to _______.
Which among the following will fit into the blank?

(a) Payments Banks
(b) Regional Rural Banks
(c) Small Finance Banks
(d) Scheduled Commercial Banks
(e) Non-Banking Financial Companies

Q7. Which public sector bank collaborated with IBM (International Business Machines Corporation) to provide a secure and adaptable computing infrastructure to facilitate the deployment of innovative front-end banking applications?

(a) Indian Overseas Bank
(b) Indian Bank
(c) Bank of India
(d) Bank of Baroda
(e) Punjab National Bank

Q8. A book titled ‘Pitchside: My Life in Indian Cricket’ is an autobiography of which Indian cricketer?

(a) Dilip Vengsarkar
(b) Vikram Rathour
(c) Venkatesh Prasad
(d) Paras Mhambrey
(e) Amrit Mathur

Q9. In September 2023, Indian Air Force (IAF) is set to receive its first C-295 transport aircraft which has a capacity of 9 tonnes and can carry up to 71 troops or 50 paratroopers. The Indian Air Force is receiving these aircraft from which Aerospace Company?

(a) BAE Systems
(b) Airbus
(c) Lockheed Martin
(d) Boeing
(e) Safran

Q10. Which Indian Institute of Technology has signed a Memorandum of Understanding (MoU) with the Indian Council of World Affairs (ICWA) to build capacity/skills in international affairs and foreign policy?

(a) IIT Guwahati
(b) IIT Madras
(c) IIT Bombay
(d) IIT Kanpur
(e) IIT Roorkee

Solutions:

 S1. Ans. (e)
Sol. A Memorandum of Understanding (MoU) has been signed between the Indian Renewable Energy Development Agency Ltd. (IREDA), a PSU under the Ministry of New & Renewable Energy (MNRE), and India Infrastructure Finance Company Ltd (IIFCL), a wholly-owned Government of India company set up in 2006 to provide long-term financial assistance to viable infrastructure projects.

S2. Ans. (b)
Sol. A team of technology experts of BITS Hyderabad, IIT Mumbai, and IIT Kharagpur, coordinated by Prof. Prasanta Sahu, has won Asian Development Bank’s grant of USD 3.99 lakh (₹3.32 crore) to develop TUTEM — Technologies for Urban Transit to Enhance Mobility and Safe Accessibility.
Asian Development Bank Static Facts:

• Founded: 1966
• Headquarters: Mandaluyong, Manila, Philippines
• Member Countries: 68

S3. Ans. (b)
Sol. Maharashtra state government signed a Memorandum of Understanding (MoU) with DFL Deutsche Fußball Liga GmbH (DFL) to develop the football ecosystem in India.

S4. Ans. (d)
Sol. On 28th August 2023, Pradhan Mantri Jan Dhan Yojana (PMJDY), a National Mission for Financial Inclusion (FI) completed 9 years of successful implementation.
Details:

• The PMJDY was announced by Prime Minister Shri Narendra Modi in his Independence Day address on 15th August 2014.
• While launching the programme on 28th August 2014, the Prime Minister had described the occasion as a festival to celebrate the liberation of the poor from a vicious cycle.
• Pradhan Mantri Jan Dhan Yojana (PMJDY) is National Mission for Financial Inclusion to ensure access to financial services, namely, Banking/ Savings & Deposit Accounts, Remittance, Credit, Insurance, Pension in an affordable manner.

S5. Ans. (d)
Sol. Paytm announced the launch of Card Soundbox.
Details:

• The launch of Paytm’s unique device will transform in-store payments by expanding payment acceptance for merchants by combining Soundbox with NFC or contactless debit and credit card payments with mobile payments.
• An industry-first solution, the new Soundbox provides both audio and visual payment confirmation through an LCD display to the merchant and the customer.

S6. Ans. (d)
Sol. The circular applies to Scheduled Commercial Banks.
Details:

• The Reserve Bank of India (RBI) enabled transactions to or from pre-sanctioned credit lines at banks through the Unified Payments Interface (UPI) System, the central bank announced on Monday.
• As of now, only savings accounts, overdraft accounts, prepaid wallets and credit cards can be linked to UPI.
• Under this facility, payments through a pre-sanctioned credit line issued by a Scheduled Commercial Bank to individuals, with prior consent of the individual customer, are enabled for transactions using the UPI System,
  Reserve Bank of India Facts:

• Founded: 1^st April 1935
• Headquarters: Mumbai
• Governor: Shaktikanta Das
• Deputy Governors: Swaminathan Janakiraman, M Rajeshwar Rao, T Rabi Shankar,  M D Patra

S7. Ans. (b)
Sol. Indian Bank collaborated with IBM (International Business Machines Corporation) to provide a secure and adaptable computing infrastructure to facilitate the deployment of innovative front-end banking applications.
Details:

• IBM has collaborated with Indian Bank, a premier public sector bank, to accelerate its modernization path with flexible and secure compute infrastructure for deploying new front-end banking applications, while addressing the business growth of the Core Banking Solution (CBS) workloads for the bank.
  International Business Machines Corporation (IBM) Static Facts:

• Headquarters: New York, USA
• Founded: 1911

S8. Ans. (e)
Sol.  ‘Pitchside: My Life in Indian Cricket’ is an autobiography of Amrit Mathur.
Details:

• An experienced cricket administrator, Mathur was the manager of the India team on the historic tour of South Africa in 1992.
• Later, he was part of PILCOM, the organising committee for the 1996 Cricket World Cup, also Chief Operating Officer of the Delhi Daredevils and General Manager of BCCI.

S9. Ans. (b)
Sol. Indian Air Force (IAF) is set to receive its first C-295 transport aircraft from Airbus.
Details:

• The Indian Air Force (IAF) is set to receive the first C-295 transport aircraft and ahead of it, six pilots have been trained in Seville by Airbus.
• The second C-295 will be delivered in May 2024 followed by seven aircraft in 2024.
• Jorge Madrid is the head of the C-295 India-version development programme.

S10. Ans. (a)
Sol. The Indian Institute of Technology Guwahati has signed a Memorandum of Understanding (MoU) with the Indian Council of World Affairs (ICWA), to build capacity/skills in international affairs and foreign policy.
Details:

• The agreement will be valid for a period of 3 years.
• The Indian Council of World Affairs (ICWA) is India’s premier and oldest think tank on foreign policy and international affairs.