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General Knowledge(GK) (or) General Awareness

Welcome to the General Knowledge Section of Free Time Learning. As we are aware General Knowledge (GK) is a very important area in all the competitive exams held in the country. Nowadays, a good knowledge of general awareness is very important in clearing any competitive and government recruitment examinations.

These General Knowledge Question are very important and usefull to UPSC, IAS/PCS, UPPSC, IBPS, SBI, RBI, SSC, CGL, Railway, APPSC, TSPSC, KPSC, TNPSC, TPSC, UPPSC, MPSC, RPSC, BPSC, MPPSC, UKPSC, MPSC, and other competitive exams.

1 .
When was the Board for Payment and Settlement Systems established in the RBI?
A)
2003
B)
2005
C)
2007
D)
2008

Correct Answer :   2005

BPSS was established in 2005 to regulate and supervise the payment and settlement systems. It is one of the two assistive bodies to Central Board of Directors.

Published On : June 29, 2021
2 .
Which bank has topped the list released by the Ministry of Electronics & Information Technology "Digital Payment Scorecard" for the consecutive third month?
A)
IndusInd Bank
B)
ICICI Bank
C)
HDFC Bank
D)
SBI

Correct Answer :   SBI

The Ministry of Electronics & Information Technology (MeitY) has released the list of “Digital Payment Scorecard”. In the list, the State Bank of India (SBI) has topped for the third consecutive months.

Published On : June 29, 2021
3 .
What was the name of State Bank of India (SBI) before it was created by SBI Act?
A)
Imperial Bank of Madras
B)
Imperial Bank of Hindustan
C)
Imperial Bank of Bengal
D)
Imperial Bank of India

Correct Answer :   Imperial Bank of India

The Presidency banks viz. Bank of Bengal, Bank of Bombay and Bank of Madras amalgamated on January 27, 1921 and the Imperial Bank of India was formed under the Imperial Bank of India Act, 1920. After Independence, the Imperial Bank of India was nationalized under the State Bank of India Act, 1955 and State Bank of India (SBI) was formed.

Published On : June 29, 2021
4 .
The Global Liveability Index is released by which entity?
A)
World Economic Forum
B)
World Bank
C)
Economist Intelligence Unit
D)
United Nations Development Programmed

Correct Answer :   Economist Intelligence Unit

The Global Livability Index 2021 is released by the Economist's Intelligence Unit to rank 140 cities globally to measure the quality of life of the people, based on the challenges presented to an individual's lifestyle in the past year.

Published On : June 29, 2021
5 .
The RBI has imposed Rs 6 crore aggregate penalties on which of these banks?
A)
BoI and PNB
B)
Union Bank of India and IOB
C)
Indian Bank and UCO Bank
D)
Bank of Maharashtra and Canara Bank

Correct Answer :   BOI and PNB

The RBI has imposed monetary penalty aggregating to Rs 6 crore on Bank of India and Punjab National Bank for contravention of norms related to "Frauds Classification and Reporting".

Published On : June 29, 2021
6 .
What is the full form of BPLR?
A)
Beginners Prime Lending Rate
B)
Benchmark Prime Lending Rate
C)
Beginners Prime Lending Rate
D)
Benchmark Primary Lending Rate

Correct Answer :   Benchmark Prime Lending Rate

Benchmark Prime Lending Rate is the rate at which commercial banks charge their customers who are most creditworthy. According to the Reserve Bank of India (RBI), banks can fix the BPLR with the approval of their Boards.

Published On : June 29, 2021
7 .
Which bank in India has tied with SWIFT to launch 'SWIFT gpi Instant', for cross-border inward payments?
A)
ICICI Bank
B)
HDFC Bank
C)
SBI
D)
Punjab National Bank

Correct Answer :   ICICI Bank

The ICICI Bank has tied up with Society for Worldwide Interbank Financial Telecommunications to offer the facility called 'SWIFT gpi instant', for cross border inward payments.

Published On : June 29, 2021
8 .
Which bank has released a growth report India GDP: Marathon effort ahead?
A)
SBI
B)
Axis Bank
C)
DBS Bank
D)
Yes Bank

Correct Answer :   Yes Bank

The report titled 'India GDP: Marathon effort ahead' prepared by Yes Bank.

Published On : June 29, 2021
9 .
What is the type of banking which involves banking services for high net-worth clients like corporate, commercial banks, mid-size companies etc?
A)
Merchant Banking
B)
Narrow Banking
C)
Wholesale Banking
D)
Retail Banking

Correct Answer :   Wholesale Banking

Wholesale banking involves banking services for high net-worth clients like corporate, commercial banks, mid-size companies etc.

Published On : June 29, 2021
10 .
Which Indian bank has joined hands with NPCI to link its digital wallet Pockets with UPI ID?
A)
SBI
B)
Canara Bank
C)
ICICI Bank
D)
HDFC Bank

Correct Answer :   ICICI Bank

The Private sector lender ICICI Bank has launched a unique facility, which allows linking a UPI ID with its digital wallet, 'Pockets'.

Published On : June 29, 2021