General Awareness Quiz for Bank Mains Exams 2023-9th March

Q1. World Happiness Index 2023 Report will mark its tenth anniversary with this year’s Globe Happiness Reflect. Mark the incorrect statements regarding World Happiness Index 2023.

(a) Finland was named the world’s happiest country for the fourth year in a row, according to the World Happiness Report.

(b) It rates 150 countries (146 in 2023) based on factors such as GDP, life expectancy, and other indicators of quality of life.

(c) The Sustainable Development Solutions Network publishes an annual report called the World Happiness Index 2023.

(d) India is now ranked 136th in the global happiness rankings.

(e) All the given statements are correct.

Q2. The Reserve Bank of India decided to expand the scope of the TReDS platform allowing the use of insurance facilities, permitting entities eligible to undertake factoring business to participate as financiers on TReDS and allowing secondary market operations on the platform. What does ‘R’ stand for in TReDS?

(a) Restart

(b) Receivable

(c) Receipt

(d) Reprogramming

(e) Reversible

Q3. Which power-generating company has been honoured with ‘ATD Best Awards 2023’ by the Association for Talent Development (ATD), USA?

(a) National Hydroelectric Power Corporation

(b) Power Grid Corporation of India

(c) National Thermal Power Corporation

(d) Power Finance Corporation

(e) None of these

Q4. Recently, a glass igloo restaurant has been opened in the middle of the snow-covered mountains in _____________ and has become the center of attraction for tourists in the hill station in Kashmir.

(a) Pahalgam

(b) Srinagar

(c) Yusmarg

(d) Gulmarg

(e) Sirnasar

Q5. Under which operation, India is deploying a field hospital, supplies, and rescue personnel to the earthquake-stricken countries of Turkey and Syria?

(a) Operation Mitra

(b) Operation Yatra

(c) Operation Madad

(d) Operation Dost

(e) None of these

Q6. Aditi Ashok belongs to which discipline?

(a) Table Tennis

(b) Tennis

(c) Golf

(d) Javelin Throw

(e) Football

Q7. According to Telecom and IT Minister Ashwini Vaishnaw, the government would be extending UPI services to NRIs in ___________ nations this year.

(a) five

(b) six

(c) nine

(d) eight

(e) ten

Q8. In which year, Unified Payments Interface (UPI) was introduced?

(a) 2014

(b) 2015

(c) 2018

(d) 2013

(e) 2016

Q9. Quality Council of India was set up in which year?

(a) 1997

(b) 1998

(c) 1999

(d) 2000

(e) 2001

Q10. In the recent Global Quality Infrastructure Index (GQII) 2021, India’s national accreditation system under the Quality Council of India (QCI) has been ranked ___________ in the world.

(a) 2^nd

(b) 4^th

(c) 5^th

(d) 3^rd

(e) 6^th

Solutions

S1. Ans. (a)
Sol. Statement (a) is incorrect as Finland was named the world’s happiest country for the fifth year in a row, according to the World Happiness Report.
Details:

• World Happiness Index 2023 Report will mark its tenth anniversary with this year’s Globe Happiness Reflect.
• Finland was named the world’s happiest country for the fifth year in a row, according to the World Happiness Report.
• The Sustainable Development Solutions Network of the UN has published a new report, which was made public two days prior to the yearly International Day of Happiness.
• It rates 150 countries (146 in 2023) based on factors such as GDP, life expectancy, and other indicators of quality of life.
• India is now ranked 136^th in the global happiness rankings.

S2. Ans. (b)
Sol. TReDS stands for “Trade Receivable Discounting System”.

Details:

• The Reserve Bank of India decided to expand the scope of the TReDS platform allowing the use of insurance facilities, permitting entities eligible to undertake factoring business to participate as financiers on TReDS and allowing secondary market operations on the platform.
• The central bank’s decision is expected to boost the trade of receivables increasing cash flows to MSMEs.

What is TReDS platform?

• TReDS is an electronic platform for facilitating the financing/discounting of trade receivables of Micro, Small, and Medium Enterprises (MSMEs) through multiple financiers.
• TReDS is a payment system authorized under the Payment and Settlement Systems (PSS) Act, 2007.
• It is a platform for uploading, accepting, discounting, trading, and settling invoices/bills of MSMEs and facilitating both receivables as well as payables factoring (reverse factoring)

S3. Ans. (c)
Sol. The country’s largest power generating company, NTPC Limited has been honoured with ‘ATD Best Awards 2023’ by the Association for Talent Development (ATD), USA.

Details:

• This is the sixth time that NTPC Limited has won this award for demonstrating enterprise success in the field of talent development.

Details About National Thermal Power Corporation:

• The NTPC which was earlier known as the National Thermal Power Corporation of India is owned by the Government of India.
• It is a coal-based power plant owned and operated by NTPC.
• Founded: 1975
• Headquarters: New Delhi

S4. Ans. (d)
Sol. Glass igloo restaurant has been opened in the middle of the snow-covered mountains in Gulmarg and has become the center of attraction for tourists in the hill station in Kashmir.

S5. Ans. (d)
Sol. As part of “Operation Dost,” India is deploying a field hospital, supplies, and rescue personnel to the earthquake-stricken countries of Turkey and Syria.

Turkey Static Facts:

• Capital: Ankara
• Currency: Lira

Syria Static Facts:

• Capital: Damascus
• Currency: Pound

S6. Ans. (c)
Sol. Aditi Ashok belongs to Golf.

Recently In News:

• Indian Olympian Aditi Ashok won the 2023 Magical Kenya Ladies Open Title with a final-round score of 74.
• This is the fourth Ladies’ European championship of Aditi Ashok overall.

S7. Ans. (e)
Sol. The government declared that it would be extending UPI services to NRIs in ten nations.

Details:

• The UPI concept is being promoted in Nepal, Singapore, Bhutan, the UK, and the UAE.
• The Reserve Bank of India intended to allow all foreign visitors to India to utilise UPI for their in-country merchant payments.

What is UPI?

• Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one hood.
• It also caters to the “Peer to Peer” collection request which can be scheduled and paid as per requirement and convenience.
• NPCI conducted a pilot launch with 21 member banks on 11^th April 2016.

S8. Ans. (e)
Sol. Unified Payments Interface (UPI) was introduced in 2016.

What is UPI?

• Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one hood.
• It also caters to the “Peer to Peer” collection request which can be scheduled and paid as per requirement and convenience.
• NPCI conducted a pilot launch with 21 member banks on 11^th April 2016.

S9. Ans. (a)
Sol. Quality Council of India (QCI) was set up in 1997 by the Government of India jointly with Indian Industry as an autonomous body under the administrative control of the Department to establish and operate the National Accreditation Structure for conformity assessment bodies; providing accreditation in the field of education, health, and quality promotion.

S10. Ans. (c)
Sol. India’s national accreditation system under the Quality Council of India (QCI) has been ranked 5th in the world in the recent Global Quality Infrastructure Index (GQII) 2021.

Details:

• The GQII ranks the 184 economies in the world on the basis of quality infrastructure (QI).
• According to the report, the top 25 countries in the world are mainly located in Asia-Pacific, North America, and Europe. Some of these include India, Australia, Turkey, and Brazil.