General Awareness Quiz for IBPS PO Mains 2022- 21st October

Q1. The government will extend a one-time grant of Rs 22,000 crore to three state-owned fuel retailers to cover for the losses they incurred on selling domestic cooking gas LPG below cost in the last two years. Which one is not included in three of them?
(a) Indian Oil Corporation
(b) Gas Authority of India Limited
(c) Hindustan Petroleum Corporation Ltd
(d) Bharat Petroleum Corporation Ltd
(e) None of the above

Q2. The Reserve Bank of India’s (RBI) card-on-file (CoF) tokenization norms came into effect on which of the period of time to improve the payment experience of cardholders?
(a) 30th September 2022
(b) 1st October 2022
(c) 31st December 2022
(d) 1st August 2022
(e) None of the above

Q3. The Department for Promotion of Industry and Internal Trade (DPIIT) held a national workshop on the topic of “Ease of Doing Business.” at which of the following place in India?
(a) Nagpur
(b) Ahmedabad
(c) New Delhi
(d) Mumbai
(e) None of the above

Q4. Which of the bank has inaugurated their Next-Gen Contact Centre service in order to provide a better and more individualised client experience recently?
(a) Kotak Mahindra Bank
(b) HDFC Bank
(c) Bank of Baroda
(d) State Bank of India
(e) None of the above

Q5. As per the report by WTO, World merchandise trade volume growth is likely to slow to 1 per cent in 2023, down from the previous forecast of 3 per cent made in April this year. Where is headquarter of World Trade Organisation located?
(a) New York, USA
(b) Geneva, Switzerland
(c) London, United Kingdom
(d) Paris, France
(e) None of the above

Q6. The Reserve Bank raised the minimum capital requirement for setting up an asset reconstruction company (ARC) to _________crore from the existing Rs 100 crore with an aim to strengthen the securitisation sector which plays a vital role in the management of distressed financial assets.
(a) Rs 600
(b) Rs 200
(c) Rs 300
(d) Rs 500
(e) None of the above

Q7. Paytm brand has partnered with which of the Small Finance Bank to deploy card machines to further drive digitisation among merchants across the country?
(a) Ujjivan Small Finance Bank
(b) Utkarsh Small Finance Bank
(c) AU Small Finance Bank
(d) Jana Small Finance Bank
(e) None of the above

Q8. Which of the health insurance company has launched it is first-of-its-kind in the industry ‘Active Fit’ which is a comprehensive health insurance plan for young and healthy adults?
(a) Max Life Health Insurance
(b) Aditya Birla Health Insurance
(c) HDFC Life Insurance
(d) Bharti Axa Life Insurance
(e) None of the above

Q9. Former Indian cricket Mahendra Singh Dhoni has launched the made-in-India camera drone with advanced features manufactured by Garuda Aerospace. What is the name given to this drone?
(a) Droni
(b) Dhoni
(c) MSD
(d) Dron7
(e) None of the above

Q10. Which of the following(s) has issued standard operating procedure for inter-operable Regulatory Sandbox (IoRS) to facilitate testing of innovative products falling within the regulatory ambit?
(a) SEBI
(b) NITI Aayog
(c) RBI
(d) a&c both
(e) b&c both

Solutions

S1. Ans(b)
Sol. The Union Cabinet headed by Prime Minister Narendra Modi at a meeting, approved the one-time grant to three oil marketing companies – Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL). GAIL is not included in three of them.

S2.Ans (b)
Sol. The rules and regulations for online payments for debit and credit cards have been changed. The Reserve Bank of India’s (RBI) card-on-file (CoF) tokenization norms came into effect on 1st October 2022. RBI’s CoF tokenization aims to improve the payment experience of cardholders.

S3. Ans(c)
Sol. In New Delhi, the Department for Promotion of Industry and Internal Trade (DPIIT) held a national workshop on the topic of “Ease of Doing Business.”

S4.Ans (d)
Sol. State Bank of India (SBI) chairman Dinesh Kumar Khara inaugurated their Next-Gen Contact Centre service in order to provide a better and more individualised client experience.

S5. Ans(b)
Sol. WTO forecast a slowdown of global trade growth. Geneva, Switzerland is headquarter of World Trade Organisation.

S6. Ans(c)
Sol. The Reserve Bank raised the minimum capital requirement for setting up an asset reconstruction company (ARC) to Rs 300 crore from the existing Rs 100 crore with an aim to strengthen the securitisation sector which plays a vital role in the management of distressed financial assets.

S7. Ans(d)
Sol. Paytm brand has partnered with Jana Small Finance Bank to deploy card machines to further drive digitisation among merchants across the country.

S8. Ans(b)
Sol. Aditya Birla Health Insurance Co. Limited (ABHICL), the health insurance subsidiary of Aditya Birla Capital Limited (ABCL), has launched ‘Active Fit’ which is a comprehensive health insurance plan for young and healthy adults. It is first-of-its-kind in the industry.

S9. Ans(a)
Sol. Former Indian cricket Mahendra Singh Dhoni has launched the made-in-India camera drone named ‘Droni’ with advanced features manufactured by Garuda Aerospace.

S10. Ans(d)
Sol. RBI and SEBI issued standard operating procedure for Inter-Operable Regulatory Sandbox (IoRS).