General Awareness Quiz for Bank Mains Exams 2024-23th february

Q1. The Reserve Bank of India has decided to constitute an external working group on expected credit loss (ECL) based framework for provisioning by Banks to get independent inputs on some of the technical aspects having a bearing on the significant transition involved. How many members will the group consist of?
(a) 4
(b) 5
(c) 6
(d) 7
(e) 8

Q2. In September 2023, the Archaeological Survey of India (ASI) launched “Adopt A Heritage 2.0 Programme” to come forward and help in better upkeep and rejuvenation of India’s rich cultural heritage, in line with the vision of ‘Virasat Bhi, Vikas Bhi’. In which year was the “Adopt A Heritage 1.0 Programme” launched?
(a) 2019
(b) 2015
(c) 2018
(d) 2016
(e) 2017

Q3. According to the S&P Global Market Intelligence, by which year, India, the world’s fifth largest economy in the world, is likely to overtake Japan to become the world’s third-largest economy with a GDP of USD 7.3 trillion?
(a) 2032
(b) 2031
(c) 2034
(d) 2035
(e) 2030

Q4. The objective of the Luna-25 mission is to execute a pinpoint landing near the moon’s south pole. Luna-25 is the first lunar mission by which country?
(a) Israel
(b) Ireland
(c) Denmark
(d) Switzerland
(e) Russia

Q5. In which city was the 3D printed post office inaugurated in August 2023, which is the first commercial building to have used 3D printing technology?
(a) Mumbai
(b) Bengaluru
(c) New Delhi
(d) Shimla
(e) Dehradun

Q6. The RBI has directed the Bank of Baroda (BOB) to suspend onboarding customers through its mobile application. The move was driven by concerns regarding the processes and how BOB has acquired a large number of customers through its digital platform. What is the name of the Mobile Application of Bank of Baroda?
(a) Bob Globe
(b) Bob Sphere
(c) Bob World
(d) Bob Nature
(e) Bob Universe

Q7. Name the former Chief Justice of India who has recently (In September 2023) been appointed as a member of the International Mediator Panel of Singapore International Mediation Centre (SIMC).
(a) N V Ramana
(b) Sharad Arvind Bobde
(c) Ranjan Gogoi
(d) Dipak Misra
(e) Jagdish Singh Khehar

Q8. Name the state government which has launched the Indira Gandhi Smart Phone Scheme, under which free smartphones with three years of data facility will be distributed to 1.3 crore women of the state.
(a) Rajasthan
(b) Madhya Pradesh
(c) Uttar Pradesh
(d) Himachal Pradesh
(e) Gujarat

Q9. In a first, Central Railway’s New Amravati station becomes the third station of Central Railway CR to be a Pink Station to be fully managed by women staff. The new Amravati station is located in which division?
(a) Mumbai Division
(b) Bhusaval Division
(c) Nagpur Division
(d) Solapur Division
(e) Pune Division

Q10. Indian agricultural scientist Swati Nayak became the third Indian agriculture scientist to win the prestigious Norman Borlaug Field Award 2023. Swati Nayak hails from which Indian state?
(a) West Bengal
(b) Bihar
(c) Madhya Pradesh
(d) Uttar Pradesh
(e) Odisha

Solutions

S1. Ans. (e)
Sol. The working group will consist of eight members.
Details:

• The Reserve Bank of India has decided to constitute an external working group on expected credit loss (ECL) based framework for provisioning by Banks to get independent inputs on some of the technical aspects having a bearing on the significant transition involved.
• The key requirement under the proposed ECL based Framework for Provisioning shall be for the banks to classify financial assets (primarily loans, including irrevocable loan commitments, and investments classified as held-to-maturity or available-for-sale) into one of the three categories – Stage 1, Stage 2 and Stage 3.
• The Working Group will be chaired by R Narayanaswamy, former Professor, IIM Bangalore and will consist of eight members – domain experts from academia and industry as well as representatives from select banks.

S2. Ans. (e)
Sol. “Adopt A Heritage 1.0 Programme” was launched in 2017.
Details:

• The Archaeological Survey of India (ASI) launched “Adopt A Heritage 2.0 Programme” to come forward and help in better upkeep and rejuvenation of India’s rich cultural heritage, in line with the vision of ‘Virasat Bhi, Vikas Bhi’.
• The “Adopt A Heritage 2.0” programme is a revamped version of the earlier scheme launched in 2017 and clearly defines the amenities sought for different monuments as per AMASR Act 1958.

S3. Ans. (e)
Sol. India, the world’s fifth largest economy in the world, is likely to overtake Japan to become the world’s third-largest economy with a GDP of USD 7.3 trillion by 2030, S&P Global Market Intelligence said in its latest issue of PMI.
Details:

• India’s gross domestic product (GDP) is expected to grow 6.2-6.3 percent in the fiscal year ending in March 2024, being the fastest-growing major economy this fiscal year.
• Asia’s third-largest economy grew by a stellar 7.8 percent in the April-June quarter.

S4. Ans. (e)
Sol. Luna-25 is the first lunar mission by Russia.
Details:

• If successful, this will be the first lunar mission by Russia to touch down on the moon’s surface in 47 years.
  Russia Static Facts:

• Capital: Moscow
• Currency: Ruble

S5. Ans. (b)
Sol. The 3D printed post office in India was inaugurated at Cambridge Layout in east Bengaluru.
Details:

• This is said to be the first commercial building to have used 3D printing technology.

S6. Ans. (c)
Sol. Bob World is the mobile application of Bank of Baroda.
Details:

• The RBI has directed Bank of Baroda (BOB) to suspend onboarding customers through its BOB World mobile application.
• The move was driven by concerns regarding the processes and the manner in which BOB has acquired a large number of customers through its digital platform.

S7. Ans. (a)
Sol. Former Chief Justice of India (CJI) N.V. Ramana has been appointed as member of the International Mediator Panel of Singapore International Mediation Centre (SIMC).
Details:

• Chairman of SIMC George Lim presented Justice Ramana the letter of appointment in Singapore.

S8. Ans. (a)
Sol. Rajasthan state government launched the Indira Gandhi Smart Phone Scheme.
Details:

• Under the scheme, free smartphones with three years of data facility will be distributed to 1.3 crore women in the state.

S9. Ans. (b)
Sol. In a first, Central Railway’s New Amravati station becomes the first station in Bhusaval Division and third station of Central Railway CR to be a Pink Station to be fully managed by women staff.
Details:

• Central Railway has inaugurated the New Amravati station under the capable management of an all-women team.

S10. Ans. (e)
Sol. Swati Nayak hails from Odisha.
Details:

• Fondly called “Bihana Didi” (Seed Lady) by local communities in Odisha, Indian agricultural scientist Swati Nayak became the third Indian agriculture scientist to win the prestigious Norman Borlaug Field Award 2023.
• The Norman Borlaug Field Award 2023 is presented by the World Food Prize Foundation in memory of the Nobel awardee Dr. Norman Borlaug, for outstanding achievements in international agriculture and food production by individuals under 40.