General Awareness Quiz for Bank Mains Exams 2024-06th March

Q1. The Pradhan Mantri Ujjwala Yojana, which recently saw the approval of an expansion by the Union Cabinet to release 75 lakh additional LPG connections over three years, was initially launched by Prime Minister Narendra Modi in which year?
(a) 2016
(b) 2017
(c) 2014
(d) 2015
(e) 2018

Q2. The annual ‘Shar Amartala Torgya’ festival, celebrated every year, is a significant cultural event in which Indian state?
(a) Uttarakhand
(b) Himachal Pradesh
(c) Sikkim
(d) Arunachal Pradesh
(e) Assam

Q3. The Angkor Wat temple, recently recognized as the eighth Wonder of the World, surpassing Pompeii in Italy, is located in which country?
(a) Thailand
(b) Indonesia
(c) Vietnam
(d) Cambodia
(e) Myanmar

Q4. The Atal Innovation Mission of NITI Aayog has recently signed an agreement with which country to promote circular economy startups, aiming to foster innovation and entrepreneurship in this sector?
(a) United Kingdom
(b) Japan
(c) Australia
(d) Germany
(e) Canada

Q5. Which Hollywood actor has been honored with the ‘Satyajit Ray Lifetime Achievement’ Award at the 54th International Film Festival of India (IFFI), organized in Goa?
(a) Robert De Niro
(b) Al Pacino
(c) Michael Douglas
(d) Jack Nicholson
(e) Tom Hanks

Q6. The ‘Insurable Interest’ principle in insurance policies states that:
(a) The policyholder must suffer a financial loss if the insured event occurs
(b) The beneficiary must be related to the policyholder
(c) The policyholder must have a legal claim to the insured object
(d) Insurance companies must have an interest in minimizing risk
(e) All policies must have a fixed term of interest

Q7. Which of the following is a characteristic of Whole Life Insurance?
(a) It has a fixed term of coverage
(b) Premiums vary over time
(c) It combines savings with insurance coverage
(d) Coverage ends upon the policyholder’s death
(e) Only applicable to individuals under the age of 50

Q8. Which term refers to the risk of loss due to a policyholder’s dishonesty or the physical loss of property?
(a) Liability Risk
(b) Fidelity Risk
(c) Operational Risk
(d) Market Risk
(e) Strategic Risk

Q9. The ‘Surrender Value’ in a life insurance policy is available only when the policyholder:
(a) Changes the policy term
(b) Fails to pay the premium
(c) Terminates the policy before maturity
(d) Assign the policy to another person
(e) Converts the policy to paid-up

Q10. The cyclone named ‘Michaung’, which formed in the Bay of Bengal, was named by which country?
(a) India
(b) Myanmar
(c) Bangladesh
(d) Thailand
(e) Sri Lanka

Solutions

S1. Ans. (a)
Sol. The Pradhan Mantri Ujjwala Yojana was launched by Prime Minister Narendra Modi on 1 May 2016.
The recent approval by the Union Cabinet for the expansion of this scheme aims to release an additional 75 lakh LPG connections, thereby increasing the total number of beneficiaries to 10.35 crore.

S2. Ans. (d)
Sol. The ‘Shar Amartala Torgya’ festival is an annual event celebrated in Arunachal Pradesh. This festival holds great cultural significance in the region and is celebrated at Thegtse Sangye Choi Long monastery.

S3. Ans. (d)
Sol. Angkor Wat, an iconic temple complex, is located in Cambodia.
It has recently been acclaimed as the eighth Wonder of the World, a distinction that highlights its historical and architectural significance. This recognition places Angkor Wat in a prestigious position, surpassing Pompeii in Italy.

S4. Ans. (c)
Sol. The agreement to promote circular economy startups has been signed between the Atal Innovation Mission of NITI Aayog and Australia.
This collaboration is designed to encourage innovation and entrepreneurship in the circular economy sector, benefiting startups in both India and Australia.

S5. Ans. (c)
Sol. Michael Douglas, a renowned Hollywood actor, has been honored with the prestigious ‘Satyajit Ray Lifetime Achievement Award at the 54th International Film Festival of India (IFFI), which is being organized in Goa.
This award is a recognition of his outstanding contribution to the world of cinema.

S6. Ans. (a)
Sol. The principle of ‘Insurable Interest’ implies that the policyholder must stand to suffer a financial loss if the insured event occurs.

S7. Ans. (c)
Sol. Whole Life Insurance typically combines savings and insurance coverage, providing lifetime protection with a savings component.

S8. Ans. (b)
Sol. Fidelity risk refers to the risk of loss caused by a policyholder’s dishonesty or the physical loss of property.

S9. Ans. (c)
Sol. The ‘Surrender Value’ is the amount the policyholder gets from the insurance company if they decide to exit the policy before maturity.

S10. Ans. (b)
Sol. Cyclone names in the Bay of Bengal and the Arabian Sea are contributed by countries in the region. ‘Michaung’ is the name given by Myanmar.
The naming of cyclones follows a sequential order based on a list contributed by member countries of the World Meteorological Organization/United Nations Economic and Social Commission for Asia and the Pacific (WMO/ESCAP) Panel on Tropical Cyclones.