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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 .
What is the revised GDP growth rate projection for India in FY22 by SBI Research?
A)
8.5%
B)
9.0%
C)
9.5%
D)
10.4%

Correct Answer : Option (D) - 10.4%

The State Bank of India (SBI) Research has revised India's GDP growth rate for FY22 (2021-22) to 10.4%.

Published On : June 27, 2021
2 .
Which bank announced to exit operations from India and 12 other countries?
A)
Nainital Bank
B)
Federal Bank
C)
DBS Bank
D)
Citi Bank

Correct Answer : Option (D) - Citi Bank

In a major developemnt, Citi group has decided to exit from consumer banking operations in 13 countries, including India. The move is aimed at global restructuring to allocate resources in markets with scale and with this objctive, Citi group is all set to exit consumer banking operations in India as well as 12 other countries.  
 
The affected businesses include the consumer franchises in India, Australia, Bahrain, China, Indonesia, Korea, Malaysia, the Philippines, Poland, Russia, Taiwan, Thailand and Vietnam.

Published On : June 27, 2021
3 .
What is the full form of NRE account?
A)
National Resident External account
B)
Non Resident External account
C)
National Rural External account
D)
None of the above

Correct Answer : Option (B) - Non Resident External account

The NRE(Non Resident External) account can be credited with remittances from abroad, transfers from existing NRE/ FCNR accounts or by deposit of foreign exchange.

Published On : June 27, 2021
4 .
What shall be the maximum limit of cash-withdrawal per transaction in Full KYC PPI issued by non-Bank PPI issuers?
A)
Rs 10000
B)
Rs 5000
C)
Rs 2000
D)
Rs 1000

Correct Answer : Option (C) - Rs 2000

The Maximum limit of Rs. 2,000 per transaction with an overall limit of Rs. 10,000 per month per PPI.

Published On : June 27, 2021
5 .
The Institute for Development and Research in Banking Technology is managed by which organization?
A)
RBI
B)
SBI
C)
SEBI
D)
NPCI

Correct Answer : Option (A) - RBI

The Reserve Bank of India had set up the Institute for Development and Research in Banking Technology (IDRBT) on June 10, 1996 as a Society under the Society Registration Act, governed by a Governing Council (GC).

Published On : June 27, 2021
6 .
Which of the following is regarded as the fourth element of the financial system?
A)
Financial services
B)
Financial instruments
C)
Financial markets
D)
Financial institutions

Correct Answer : Option (A) - Financial services

Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, etc.

Published On : June 27, 2021
7 .
Which bank has acquired a 10% stake in CSC Grameen e-Store?
A)
IDBI Bank
B)
RBL Bank
C)
ICICI Bank
D)
HDFC Bank

Correct Answer : Option (D) - HDFC Bank

The HDFC Bank has acquired a 10% stake in CSC Grameen e-Store, a special purpose vehicle run by the Ministry of Electronics and Information Technology, for an undisclosed amount.

Published On : June 27, 2021
8 .
Which bank has launched the AI-based chatbot 'Eva' in partnership with Common Services Centres?
A)
ICICI Bank
B)
HDFC Bank
C)
Axis Bank
D)
Yes Bank

Correct Answer : Option (B) - HDFC Bank

HDFC Bank has launched an artificial-intelligence chatbot named 'Eva', in partnership with the Common Services Centres (CSCs) for educating Village Level Entrepreneurs (VLEs) about banks product and services.

Published On : June 27, 2021
9 .
What is call money?
A)
It is loan of above 14 day to 364 days in the money market
B)
It is loan of above 1 day to 14 days in the money market
C)
It is an overnight loan in the money market
D)
None of the above

Correct Answer : Option (C) - It is an overnight loan in the money market

Published On : June 27, 2021
10 .
The RBI has imposed a monetary penalty of Rs.3 crore on which bank?
A)
SBI
B)
YES Bank
C)
ICICI Bank
D)
DBS Bank

Correct Answer : Option (C) - ICICI Bank

The RBI has imposed a monetary penalty of Rs 3 crore against ICICI Bank for violating norms related to classification, valuation and operation of investment portfolio by banks.

Published On : June 27, 2021