Quiz 616: Current General Awareness Questions for IBPS Bank PO Examination
First Published: April 30, 2012 | Last Updated:August 4, 2019
1. Barak valley in Assam is famous for which among the following?
[A] Petroleum Production
[B] Tea Cultivation
[C] Bamboo Industry
[D] Cottage Industries
Show Answer
Correct Answer: B [Tea Cultivation]
2. Consider the following statements:
- UN Democracy Fund (UNDEF) was launched in 2005
- India is largest contributor to UN Democracy Fund (UNDEF)
Which among the above statements is / are correct?
[A] Only 1
[B] Only 2
[C] Both 1 & 2
[D] Neither 1 nor 2
Show Answer
Correct Answer: A [Only 1]
Notes:
UNDEF was launched in 2005 by Indian PM Manmohan Singh, the then US President George Bush and former UN Secretary General Kofi Annan in New York in for furtherance of demo-cratic values. India is the second largest contributor to the UNDEF. At the origin of the fund
3. In which year Food Safety and Standards Act was enacted in India?
[A] 2004
[B] 2005
[C] 2006
[D] 2007
Show Answer
Correct Answer: C [2006]
Notes:
The Food Safety and Standards Act was passed in 2006 but came into force in 2011.
4. Consider the following statements:
- Debentures are generally not backed by any collaterals
- Non-Convertible Debentures generally carry higher rates of returns that convertible debentures
Which among the above statements is / are correct?
[A] Only 1 is correct
[B] Only 2 is correct
[C] Both 1 & 2 are correct
[D] Neither 1 nor 2 is correct
Show Answer
Correct Answer: C [Both 1 & 2 are correct]
Notes:
Debentures are issued by big companies and the government with the intent of raising funds and these instruments are not backed by any collaterals. The debenture holders usually have the option of converting their debentures into shares of the company. Non-convertible debentures are those that do not have any such rights and privileges. As these debentures are non-convertible, they usually carry higher rates on interest. The debenture holder has no present or future stake in the company due to the non-convertibility element and therefore earns a higher rate of interest.
5. Which among the following organization was formed before commencement of the World War II?
[A] World Health Organization
[B] Food and Agriculture Organization
[C] International Atomic Energy Agency
[D] Bank for International Settlements
Show Answer
Correct Answer: D [Bank for International Settlements]
Notes:
The BIS was formed in 1930. The main actors in its establishment were the then-Governor of The Bank of England, Montagu Norman, and his German counterpart Hjalmar Schacht, later Adolf Hitler’s finance minister. The Bank was originally intended to facilitate reparation payments imposed on Germany by the Treaty of Versailles after the First World War. The need for the bank was suggested in 1929 by the Young Committee, and was agreed to in August of that year at a conference at the Hague. A charter for the bank was drafted at the International Bankers Conference at Baden Baden in November. The charter was adopted at a second Hague Conference on January 20, 1930
6. Consider the following information in context with RTI Act :
- RTI Act is applicable to all states of India including Jammu & Kashmir
- All NGO’s come under the purview of the RTI Act 2005.
Which among the above statements is / are correct ?
[A] Only 1
[B] Only 2
[C] Both 1 & 2
[D] Neither 1 nor 2
Show Answer
Correct Answer: D [Neither 1 nor 2]
Notes:
The Right to Information Act, 2005 came into force all over India on October 12th 2005 (120th day of enactment on 15th June 2005), the RTI act extends to the whole of India (except the state of Jammu and Kashmir), all bodies which come under government notification come under RTI. Only those NGOs, which are owned, controlled or are substantially financed by the government come under RTI.
7. Consider the following:
- Waste products
- Hormones
- Ions
Circulation of blood is responsible for transport of which among the above in our bodies?
[A] Only 1
[B] 1 & 2
[C] 2 & 3
[D] 1, 2 & 3
Show Answer
Correct Answer: D [1, 2 & 3]
8. What is the share of Government of India in NABARD?
[A] 50%
[B] 51%
[C] 75%
[D] 99%
Show Answer
Correct Answer: D [99%]
Notes:
The National Bank for Agriculture and Rural Development (NABARD) was established in 1982. RBI had sold its stake and now the Government of India (GOI) has 99 percent in it. It was established to provide credit for the promotion of the agriculture, SSI and Cottage and village industry. It is an apex bank for agriculture. Its finances are available to SLDBs, SCBs (state cooperative banks), scheduled commercial banks, and RRBs. It can take loans for GOI, World Bank, and Asian development bank (ADB).
9. Round tripping is used as a ___?
[A] Policy to boost FDI in country
[B] Means of tax evasion
[C] Policy of export promotion
[D] Calculation of National Income
Show Answer
Correct Answer: B [Means of tax evasion]
10. which among the following organizations has the Latin motto, “fiat panis” ?
[A] Food and Agriculture Organization
[B] World Food Programme
[C] World Health Organization
[D] World Meteorological Organization
Show Answer
Correct Answer: A [Food and Agriculture Organization]
Notes:
FAO is also a source of knowledge and information, and helps developing countries and countries in transition modernize and improve agriculture, forestry and fisheries practices, ensuring good nutrition and food security for all. Its Latin motto, fiat panis, translates into English as “let there be bread”
Comments
zapperali
gr8 questions really helpful
PS
Q. 13, although correct, gives wrong explanation. BIMSTEC stands for Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation.
Its members include not only Bangladesh, India, Myanmar, Sri Lanka and Thailand, but also Bhutan and Nepal.
rithishmech
Really its help full to crack down the competitive exams…
Thanks
Rithish
rithishmech
kindly help to crack down the SAIL exam.The General Knowledge is difficult to answer it…
Manoj Banga
GOOD QUES BUT QUATITY IS LESS.
suvadra nayak
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pulkir
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Aneesh Kallara
thanx…..
udoy sankar
nice site for daily knowledge
Dnyaneshwar
Pls give the GK buz regarding weights & measure dept(Legal Metrology)