General Awareness Quiz for Bank Mains Exams 2024-20th January

Q1. What is the new interest percentage announced for the Sukanya Samriddhi Account Scheme (SSAS) following adjustments in returns on specific savings schemes, while the Public Provident Fund (PPF) rate remains unchanged?

(a) 7.6%
(b) 8.5%
(c) 7.1%
(d) 8.2%
(e) 7.9%

Q2. As of January 2024, which of the following countries is NOT among the top four economies in the world?

(a) UAE
(b) China
(c) Japan
(d) United States
(e) Germany

Q3. Which organization has Amazon India signed a Memorandum of Understanding (MoU) with to provide career opportunities for ex-service personnel?

(a) Indian Navy
(b) Indian Army
(c) Indian Air Force
(d) Indian Coast Guard
(e) Central Reserve Police Force

Q4. With which e-commerce platform has the Ministry of Rural Development (MoRD) signed a Memorandum of Understanding (MoU) to empower rural Self-Help Group (SHG) artisans, allowing SHGs of Deendayal Antyodaya Yojana (DAY)-NRLM to be onboarded as sellers onto the platform?

(a) Amazon
(b) Flipkart
(c) JioMart
(d) Myntra
(e) Snapdeal

Q5. Recently, Life Insurance Corporation of India (LIC) has increased the gratuity limit from Rs 3 lakh to:

(a) Rs 4 lakh
(b) Rs 5 lakh
(c) Rs 6 lakh
(d) Rs 7 lakh
(e) Rs 8 lakh

Q6. According to the online blogging platform soic.in, which Indian state has emerged as the largest economy with the largest share of 15.7% in the country’s Gross Domestic Product (GDP)?

(a) Maharashtra
(b) Tamil Nadu
(c) Uttar Pradesh
(d) Gujarat
(e) West Bengal

Q7. Which of the following tennis players has recently been appointed as the ambassador of Infosys Limited?

(a) Novak Djokovic
(b) Rafael Nadal
(c) Iga Świątek
(d) Both a & c
(e) Both b & c

Q8. By what date has the Insurance Regulatory and Development Authority of India (IRDAI) mandated the deployment of Bima Vahaks in each gram panchayat?

(a) October 31, 2024
(b) December 31, 2023
(c) December 31, 2024
(d) October 31, 2025
(e) December 31, 2026

Q9.  In which language is “Everyone is a Hero,” India’s official entry to the Best Foreign Language Film category, made?

(a) Hindi
(b) Bengali
(c) Tamil
(d) Malayalam
(e) Telugu

Q10. As of January 1, 2024, the G7 group of countries has agreed to impose a direct import ban on diamonds from which country?

(a) China
(b) Russia
(c) India
(d) South Africa
(e) Canada

Solutions

S1. Ans. (d)
Sol. The Sukanya Samriddhi Account Scheme (SSAS) will now yield 8.2%, up from the previous 8%, while the 3-year time deposit rate increases marginally to 7.1% from 7%. Despite expectations of a broader reset, the PPF rate remains stagnant at 7.1%.

S2. Ans. (a)
Sol. As of 2024, the UAE is not listed among the top four economies in the world.
The top four economies typically include the United States, China, Germany, and Japan.

S3. Ans. (d)
Sol. Amazon India has signed a Memorandum of Understanding (MoU) with the Indian Coast Guard.
This agreement aims to provide ex-service personnel with work opportunities across the company, aligning with Amazon India’s commitment to an inclusive workplace.
The collaboration is part of Amazon’s efforts to integrate military veterans into the corporate sector, leveraging their experience and skills.

S4. Ans. (c)
Sol. The Ministry of Rural Development (MoRD) has signed a Memorandum of Understanding (MoU) with Reliance Retail’s JioMart.
This collaboration aims to empower rural Self-Help Group (SHG) artisans by allowing SHGs of Deendayal Antyodaya Yojana (DAY)-NRLM to be onboarded as sellers on the JioMart platform.
This partnership is expected to enhance the outreach of products created by SHGs under DAY-NRLM, thereby empowering rural artisans associated with these groups. The initiative is part of MoRD’s efforts to increase the income of SHGs on a sustainable basis.

S5. Ans. (b)
Sol. The Life Insurance Corporation (LIC) of India has increased the gratuity limit for its agents from Rs 3 lakh to Rs 5 lakh.
This increase in gratuity is part of a series of welfare measures aimed at improving the working conditions and benefits for LIC agents.

S6. Ans. (a)
Sol. Maharashtra has emerged as the largest economy, with the largest share of 15.7% in the country’s Gross Domestic Product (GDP), according to the online blogging platform soic.in.​

S7. Ans. (e)
Sol. Infosys Limited, an Indian multinational information technology (IT) company, has signed a three-year partnership with Spanish Tennis Icon Rafael Nadal and women’s tennis World No. 1 Iga Świątek of Poland, appointing them as ambassadors for its brand and Infosys’ Digital Innovation, with a focus on promoting digital innovation and inspiring women worldwide.

S8. Ans. (c)
Sol. The IRDAI has mandated the deployment of Bima Vahaks in each gram panchayat by December 31, 2024.
This is part of the Bima Vistaar scheme, aimed at increasing insurance inclusion and awareness in rural areas. Bima Vahaks will assist in various insurance-related activities to enhance the accessibility and availability of insurance products in rural India.

S9. Ans. (d)
Sol. Tovino Thomas-starrer survival drama Malayalam film ‘2018 – Everyone is a Hero’, which was India’s official entry to the Best Foreign Language Film category, is out of the Oscars race.

S10. Ans. (b)
Sol. The G7 leaders have decided to impose a direct import ban on Russian diamonds starting January 1, 2024.
This action is part of broader efforts to limit financial resources flowing to Russia, particularly in light of geopolitical tensions.
The ban is followed by further phased restrictions targeting Russian diamonds processed in third countries by March 1, 2024.