General Awareness Quiz for Bank Mains Exams 2024-29th March

Q1. The PM YASASVI Scholarship Scheme, aimed at providing scholarships to Other Backward Class (OBCs), Economically Backward Class (EBC), and Denotified Nomadic Tribes (DNT) students, is implemented by which of the following ministries?
(a) Ministry of Social Justice and Empowerment
(b) Ministry of Finance
(c) Ministry of Education
(d) Ministry of Tribal Affairs
(e) Ministry of Human Resource Development

Q2. The Central government aims to stop the transmission of leprosy in India by which year, with the introduction of a new three-drug treatment regimen consisting of dapsone, rifampicin, and clofazimine under the National Leprosy Eradication Programme?
(a) 2023
(b) 2025
(c) 2027
(d) 2030
(e) 2032

Q3. The Digital Advertisement Policy 2023, recently (In November 2023) approved by the Ministry of Information and Broadcasting (MIB), is specifically designed to enable and empower which of the following entities?
(a) Press Information Bureau (PIB)
(b) Doordarshan (DD)
(c) All India Radio (AIR)
(d) Central Bureau of Communication (CBC)
(e) National Film Development Corporation (NFDC)

Q4. In the 2024-25 budget, Finance Minister Nirmala Sitharaman allocated a significant amount for the KHELO India programme, officially known as the National Programme for Development of Sports, which aims to enhance sports culture at the grassroots level. How much budget allocation was made for the KHELO India programme for the year 2024-25?
(a) ₹700 crore
(b) ₹800 crore
(c) ₹900 crore
(d) ₹1000 crore
(e) ₹1100 crore

Q5. Consider the following statements about the Sovereign Gold Bond (SGB) Scheme:
i. The Government of India introduced the Sovereign Gold Bond (SGB) Scheme in November 2015 to offer an alternative investment to physical gold.
ii. Sovereign Gold Bonds, administered by the Reserve Bank of India, are government securities denominated in grams of gold, serving as substitutes for holding physical gold. Investors have to pay the issue price in cash, and the bonds will be redeemed in cash on maturity.
iii. The Bonds are issued by the Reserve Bank of India on behalf of the Government of India.
Which of the following is/are true?
(a) Only statement i is true.
(b) Only statement ii is true.
(c) Both statements i and ii are true.
(d) Statements i, ii, and iii are all true.
(e) Statements ii and iii are true.

Q6. At the 69th Hyundai Filmfare Awards (Filmfare Awards 2024), held in Gujarat International Finance Tec-City (GIFT City) in Gandhinagar, Gujarat, from 27th to 28th January 2024, which Indian Film Director and Editor was conferred with the Lifetime Achievement Award 2024 for his immense contributions to Indian cinema?
(a) David Dhawan
(b) Sanjay Leela Bhansali
(c) Rajkumar Hirani
(d) Anurag Kashyap
(e) Karan Johar

Q7. Under the provisions of the Indian Constitution, Article 280(1) specifically outlines the framework and procedures necessary for the establishment of which critical institution?
(a) Reserve Bank of India
(b) Securities and Exchange Board of India
(c) Finance Commission
(d) Planning Commission
(e) Central Bureau of Investigation

Q8. Defense company Saab AB recently (In November 2023) became the first foreign entity to receive the Government of India (GoI)’s approval for 100% foreign direct investment (FDI) in the defense sector. Saab AB, known for its advanced defense and security solutions, is headquartered in which country?
(a) Sweden
(b) Switzerland
(c) Germany
(d) United States
(e) France

Q9. The Reserve Bank of India (RBI) has revised (In October 2023) the minimum amount for offering Non-Callable Term Deposits (TDs), increasing it from Rs 15 lakh to what new amount, thereby permitting all customers the option to prematurely withdraw money from Fixed Deposits (FD) of up to this limit?
(a) Rs 20 lakh
(b) Rs 50 lakh
(c) Rs 75 lakh
(d) Rs 1 crore
(e) Rs 2 crore

Q10. The inaugural edition of the joint military exercise ‘SADA TANSEEQ’ marked the beginning of a new chapter in defense cooperation, commencing in Mahajan, Rajasthan, and conducted from 29th January to 10th February 2024. This exercise is conducted between India and which country?
(a) United Arab Emirates
(b) Saudi Arabia
(c) Iran
(d) Israel
(e) Qatar

Solutions

S1. Ans. (a)
Sol. The PM YASASVI Scholarship Scheme is implemented by the Ministry of Social Justice and Empowerment, Government of India.
This scheme is designed to support the educational aspirations of students from Other Backward Classes (OBCs), Economically Backward Classes (EBC), and Denotified Nomadic Tribes (DNT) by providing them with scholarships, thereby promoting their academic pursuits and enabling equal educational opportunities for all segments of society.

S2. Ans. (c)
Sol. The Central government has approved a new three-drug treatment regimen for leprosy patients, aiming to stop transmission of the disease in India by 2027.
The new regimen will be implemented for all PB leprosy patients from April 1, 2025 instead of the current two-drug regimen given for 6 months.Top of Form
The aim is to eradicate leprosy in India by 2027, three years before the UN’s Sustainable Development Goals target.

S3. Ans. (d)
Sol. The Digital Advertisement Policy 2023, approved by the Ministry of Information and Broadcasting (MIB), is designed to enable and empower the Central Bureau of Communication (CBC), which is the advertising wing of the Government of India, to undertake campaigns in the Digital Media Space.
The policy will enable CBC to empanel agencies and organizations in the OTT (Over the Top) and Video on Demand Space.
CBC will also recognize the popularity of podcasts and digital audio platforms through the empanelment of digital audio platforms.

S4. Ans. (c)
Sol. For the fiscal year 2024-25, Finance Minister Nirmala Sitharaman allocated ₹900 crore to the KHELO India programme.
KHELO India, a Central government initiative, focuses on enhancing sports culture at the grassroots level was launched in 2018 by former Union Sports Minister Col. Rajyavardhan Singh Rathore, it is officially known as the National Programme for Development of Sports. Top of Form

S5. Ans. (d)
Sol. Statements i, ii, and iii accurately describe the Sovereign Gold Bond (SGB) Scheme.
Introduced in November 2015 by the Government of India, the scheme offers an investment alternative to physical gold.
Sovereign Gold Bonds are government securities denominated in grams of gold and are intended as substitutes for holding physical gold. They are administered by the Reserve Bank of India (RBI), which issues these bonds on behalf of the Government of India, making all three statements true.
The Bonds are issued in denominations of one gram of gold and in multiples thereof.
The minimum investment in the Bond shall be one gram with a maximum limit of subscription of 4 kg for individuals, 4 kg for Hindu Undivided Family (HUF), and 20 kg for trusts and similar entities notified by the government from time to time per fiscal year (April – March).

S6. Ans. (a)
Sol. David Dhawan, an esteemed Indian Film Director and Editor, known for his significant contributions to Indian cinema, was honored with the Lifetime Achievement Award 2024 at the 69th Hyundai Filmfare Awards.
The awards ceremony took place in Gujarat International Finance Tec-City (GIFT City) in Gandhinagar, Gujarat, from the 27th to the 28th of January 2024, celebrating the achievements of individuals who have made substantial contributions to the film industry.

S7. Ans. (c)
Sol. Article 280(1) of the Indian Constitution mandates the establishment of the Finance Commission.
This institution is tasked with assessing and recommending the distribution of financial resources between the Union and the states.

S8. Ans. (a)
Sol. Saab AB, a prominent Swedish defence company, has marked a significant milestone by becoming the first foreign company to gain the Government of India’s approval for 100% foreign direct investment in the defence sector.
The FDI proposal is valued at around Rs 500 crore. With this, Saab is set to establish a facility to manufacture Carl-Gustaf M4 rocket launchers in India.
The facility will support the production of the Carl-Gustaf M4 for the Indian Armed Forces as well as components for users of the system around the world.

S9. Ans. (d)
Sol. The RBI has escalated the minimum threshold for Non-Callable Term Deposits from Rs 15 lakh to Rs 1 crore, effective immediately.
This means all domestic TDs accepted from individuals for amounts of Rs 1 crore and below will have a premature withdrawal facility.
These instructions will be applicable for Non-Resident (External) Rupee (NRE) Deposit / Ordinary Non-Resident (NRO) Deposits.

S10. Ans. (b)
Sol. The ‘SADA TANSEEQ’ joint military exercise between India and Saudi Arabia, conducted in Mahajan, Rajasthan from 29th January to 10th February 2024, underscores the burgeoning defense relations between the two nations.
This inaugural exercise highlights their commitment to enhancing military collaboration, sharing strategic interests, and promoting peace and stability in the region.