General Awareness Quiz for Bank Mains Exams 2024-05th March

Q1. Which of the following is the tagline of the Pradhan Mantri Vishwakarma Yojana (PMVY) launched by the Ministry of Micro, Small, and Medium Enterprises (MoMSME) in September 2023?
(a) Shakti Sampannata Shivir
(b) Samman Samarthya Samridhi
(c) Vikas Vishwas Vriddhi
(d) Kausal Kshamata Kalpana
(e) Unnati Udyam Utsav

Q2. The Quality Council of India (QCI) and the Khadi and Village Industries Commission (KVIC) recently signed a Memorandum of Understanding (MoU) to enhance the quality of Khadi products and introduce a Made-in-India label for Khadi. In which city was this MoU signed?
(a) Surat, Gujarat
(b) Jaipur, Rajasthan
(c) Kochi, Kerala
(d) Ahmedabad, Gujarat
(e) Bhopal, Madhya Pradesh

Q3. Dr. Arvind Panagariya, the former Vice-Chairman of NITI Aayog, who has been appointed as the Chairman of the 16th Finance Commission of India, served as the Vice-Chairman of NITI Aayog from which year to which year?
(a) 2014 to 2016
(b) 2013 to 2017
(c) 2015 to 2017
(d) 2016 to 2018
(e) 2014 to 2017

Q4. Which Municipal Corporation in India has recently initiated the ‘Cash for Waste’ scheme, where people are paid for their dry waste under a prescribed price list for each item, in line with the theme of converting waste to wealth?
(a) Bengaluru Municipal Corporation
(b) Patna Municipal Corporation
(c) Mumbai Municipal Corporation
(d) Kolkata Municipal Corporation
(e) Delhi Municipal Corporation

Q5. Tata Consultancy Services (TCS) recently announced a partnership with a renowned company for its Living Heart Project, an initiative that brings together cardiovascular researchers, educators, medical device developers, regulatory agencies like the US FDA, and practicing cardiologists to develop and validate realistic digital simulations of the human heart. Which company has TCS partnered with for this project?
(a) IBM
(b) Dassault Systems
(c) Siemens
(d) Intel
(e) Microsoft

Q6. The Central Vigilance Commission (CVC) has reconstituted the Advisory Board on Banking and Financial Frauds (ABBFF), which conducts the first-level examination of bank frauds before making recommendations to investigative agencies. Who is the chairperson of the reconstituted ABBFF?
(a) Rajnish Kumar
(b) Uday Kotak
(c) T M Bhasin
(d) Shikha Sharma
(e) Arundhati Bhattacharya

Q7. The ‘Commodity Markets Outlook Report’, which is published biannually in April and October, offers market analysis for major commodity groups including energy, metals, agriculture, precious metals, and fertilizers. Which organization is responsible for publishing this report?
(a) International Monetary Fund (IMF)
(b) United Nations Conference on Trade and Development (UNCTAD)
(c) World Trade Organization (WTO)
(d) World Bank
(e) Organisation for Economic Co-operation and Development (OECD)

Q8. The Reserve Bank of India (RBI) recently revised the minimum size for non-breakable term deposits. Previously set at Rs. 15 Lakh, the minimum amount has now been increased to what figure, aiming to benefit retail depositors?
(a) Rs. 50 Lakh
(b) Rs. 75 Lakh
(c) Rs. 1 Crore
(d) Rs. 1.5 Crore
(e) Rs. 2 Crore

Q9. Consider the following statements regarding the Automated Permanent Academic Account Registry (APAAR):

1. APAAR will give each student enrolled from pre-primary to higher education a unique identification number.
2. Students will be able to digitally store their exam results, learning outcomes, and co-curricular achievements using APAAR.
3. The enrollment process for students in APAAR will be carried out by the school with the consent of their parents.
How many of the above statements are correct?

(a) Only 1
(b) Only 1 and 2
(c) Only 2 and 3
(d) All 1, 2, and 3
(e) None of the above

Q10. Skill India has recently partnered with a prominent company to launch the Retailer Skill Development Programme, aiming to empower the retailer community in states like Odisha and Uttar Pradesh. Which company has Skill India partnered with for this initiative?
(a) PepsiCo India
(b) Hindustan Unilever Ltd
(c) Coca-Cola India
(d) Nestle India
(e) Procter & Gamble India

Solutions

S1. Ans. (b)
Sol. The tagline of the Pradhan Mantri Vishwakarma Yojana (PMVY) is ‘Samman Samarthya Samridhi’.
This scheme, launched by the Ministry of Micro, Small and Medium Enterprises (MoMSME) in September 2023, focuses on empowering traditional artisans and craftsmen, referred to as ‘Viswakarmas’, by providing them with skill training and development opportunities.
Jammu and Kashmir (J&K) became the first Union Territory in India to implement this scheme.

S2. Ans. (d)
Sol. The Memorandum of Understanding (MoU) between the Quality Council of India (QCI) and the Khadi and Village Industries Commission (KVIC) was signed at Kochrab Ashram in Ahmedabad, Gujarat.
This significant agreement aims to improve the quality of Khadi products, introduce a Made-in-India label for Khadi, and empower Khadi artisans, thereby promoting this traditional industry.

S3. Ans. (c)
Sol. Dr. Arvind Panagariya has been appointed as the Chairman of the 16th Finance Commission of India. He served as the Vice-Chairman of NITI Aayog from January 2015 to August 2017.

S4. Ans. (b)
Sol. The Patna Municipal Corporation has launched the ‘Cash for Waste’ scheme, working on waste to wealth. This innovative initiative is operational at the recently established Material Recovery Facility (MRF), where common people are compensated for their dry waste according to a specific price list for each item.

S5. Ans. (b)
Sol. Tata Consultancy Services (TCS) has partnered with Dassault Systems for the Living Heart Project. This collaboration aims to create and validate realistic digital simulations of the human heart, involving a diverse ecosystem of experts in cardiovascular research, education, medical device development, regulatory agencies, and practicing cardiologists.

S6. Ans. (c)
Sol. T M Bhasin has been re-appointed as the chairman of the Advisory Board on Banking and Financial Frauds (ABBFF) by the Central Vigilance Commission (CVC)​.

S7. Ans. (d)
Sol. The ‘Commodity Markets Outlook Report’ is published by the World Bank.
This report is released twice a year, in April and October, and provides comprehensive market analysis for key commodity groups such as energy, metals, agriculture, precious metals, and fertilizers.

S8. Ans. (c)
Sol. The Reserve Bank of India (RBI) has raised the minimum size for non-breakable term deposits from Rs. 15 Lakh to Rs. 1 Crore.
This move is intended to benefit retail depositors by offering them more flexibility and security with their large deposits.

S9. Ans. (d)
Sol. All the given statements about the Automated Permanent Academic Account Registry (APAAR) are correct.

• APAAR is intended to provide each student with a unique identification number for tracking their academic journey from pre-primary to higher education.
• It also enables digital storage of academic achievements, including exam results, learning outcomes, and co-curricular activities.
• The enrollment in APAAR for students is conducted by schools, with necessary consent from the parents of the students.
• The APAAR card will contain the unique 12-digit APAAR number.

S10. Ans. (c)
Sol. Skill India has partnered with Coca-Cola India to launch the Retailer Skill Development Programme.
This program is focused on empowering the retailer community in states like Odisha and Uttar Pradesh.