General Awareness Exam Bank Po,August 12 Interactive Quiz

1. Twenty-20 matches are played in which of the following

Hockey

Football

Badminton

Tennis

Cricket

Twenty-20 matches are a format of cricket where each team plays a single innings consisting of a maximum of 20 overs. This format was introduced to make the game more fast-paced and exciting. Therefore, the correct answer is cricket.

Explanation

Twenty-20 matches are a format of cricket where each team plays a single innings consisting of a maximum of 20 overs. This format was introduced to make the game more fast-paced and exciting. Therefore, the correct answer is cricket.

2. Which of the following is a type of tax levied by the Govt. on goods and services ?

SAT

NET

PAN

VAT

None of these

VAT stands for Value Added Tax, which is a type of tax levied by the government on goods and services. It is an indirect tax that is added to the price of goods or services at each stage of production or distribution. VAT is commonly used by governments around the world as a way to generate revenue and fund public services.

Explanation

VAT stands for Value Added Tax, which is a type of tax levied by the government on goods and services. It is an indirect tax that is added to the price of goods or services at each stage of production or distribution. VAT is commonly used by governments around the world as a way to generate revenue and fund public services.

3. Heavy Water is normally used by which of the following industries ?

Nuclear Power generation plants

Pharma Industry

Paper Industry

Sugar plants

Tea plantations

Heavy water, also known as deuterium oxide, is a form of water that contains a higher concentration of the isotope deuterium. This heavy water is used as a moderator in nuclear power generation plants. The role of the moderator is to slow down the neutrons produced during nuclear fission reactions, allowing for a sustained chain reaction. Heavy water is an effective moderator because the deuterium atoms in its structure slow down the neutrons more effectively than regular water. Therefore, heavy water is specifically used in the nuclear power industry to help control and maintain the fission reactions in nuclear reactors.

Explanation

Heavy water, also known as deuterium oxide, is a form of water that contains a higher concentration of the isotope deuterium. This heavy water is used as a moderator in nuclear power generation plants. The role of the moderator is to slow down the neutrons produced during nuclear fission reactions, allowing for a sustained chain reaction. Heavy water is an effective moderator because the deuterium atoms in its structure slow down the neutrons more effectively than regular water. Therefore, heavy water is specifically used in the nuclear power industry to help control and maintain the fission reactions in nuclear reactors.

4. Which of the following awards is given for excellence in the field of sports ?

Kalidas Samman

Dhyanchand Award

Shram Vir Award

Shanti Swarup Bhatnagar Award

None of these

The Dhyanchand Award is given for excellence in the field of sports. This award is named after Major Dhyan Chand, an Indian field hockey player who is considered one of the greatest players in the history of the sport. The award recognizes outstanding achievements in sports and is given by the Ministry of Youth Affairs and Sports in India. It is a prestigious honor bestowed upon individuals who have made significant contributions to the field of sports in the country.

Explanation

The Dhyanchand Award is given for excellence in the field of sports. This award is named after Major Dhyan Chand, an Indian field hockey player who is considered one of the greatest players in the history of the sport. The award recognizes outstanding achievements in sports and is given by the Ministry of Youth Affairs and Sports in India. It is a prestigious honor bestowed upon individuals who have made significant contributions to the field of sports in the country.

5. Which of the following does not represent the name of a bank working in India ?

YES

HDFC

TATA

Kotak Mahindra

ICICI

TATA is a well-known Indian conglomerate that operates in various industries such as automotive, steel, and telecommunications. However, it is not a bank and does not represent the name of a bank working in India. The other options, YES, HDFC, Kotak Mahindra, and ICICI, are all well-established banks in India.

Explanation

TATA is a well-known Indian conglomerate that operates in various industries such as automotive, steel, and telecommunications. However, it is not a bank and does not represent the name of a bank working in India. The other options, YES, HDFC, Kotak Mahindra, and ICICI, are all well-established banks in India.

6. As per news items published in various newspapers, Italy has offered its help in developing 'SMEs' in India. What is the full form of 'SME' ?

Small and Monopolistic Economy

Speedy and Mechanical

Small and medium enterprises

Small and Medium Level Economy

None of these

The correct answer is "Small and medium enterprises." This is the full form of SME, which refers to businesses that have a small or medium-sized workforce and revenue. Italy has offered its help in developing SMEs in India, indicating their support and collaboration in promoting and strengthening small and medium-sized businesses in the country.

Explanation

The correct answer is "Small and medium enterprises." This is the full form of SME, which refers to businesses that have a small or medium-sized workforce and revenue. Italy has offered its help in developing SMEs in India, indicating their support and collaboration in promoting and strengthening small and medium-sized businesses in the country.

7. Which of the following deals between India and one major country was put on a hold for some time as India is finding difficult to implement it ?

123 Pact with USA

Fifth generation fighter plane deal with Russia

Heavy Water deal with Iran

Border talks with China

None of these

The correct answer is "123 Pact with USA." This deal between India and the United States was put on hold for some time because India was finding it difficult to implement. The specific reasons for the difficulty in implementation are not mentioned in the question.

Explanation

The correct answer is "123 Pact with USA." This deal between India and the United States was put on hold for some time because India was finding it difficult to implement. The specific reasons for the difficulty in implementation are not mentioned in the question.

8. Many a times we read in newspapers about 'Financial Inclusion'. What does it really mean ? [Pick up correct statement(s)] 1. Allow the merger and acquisition of banks so that only few big banks exist and continue to cater to the need of corporate sector. 2. Expending the network of banks in such a way that people from lower strata of society also get the benefit of services provided by banks. 3. Providing Insurance cover to each and every citizen so that he/she can live a healthy and long life.

Only 1

Only 2

Only 3

Both 1 and 2

All 1, 2 and 3

Financial inclusion refers to the process of providing access to financial services, such as banking, credit, and insurance, to individuals and businesses, especially those from lower income groups or marginalized sections of society. Option 2 correctly states that financial inclusion involves expanding the network of banks in a way that enables people from the lower strata of society to benefit from the services provided by banks. This ensures that financial services are accessible to all, promoting economic growth and reducing poverty.

Explanation

Financial inclusion refers to the process of providing access to financial services, such as banking, credit, and insurance, to individuals and businesses, especially those from lower income groups or marginalized sections of society. Option 2 correctly states that financial inclusion involves expanding the network of banks in a way that enables people from the lower strata of society to benefit from the services provided by banks. This ensures that financial services are accessible to all, promoting economic growth and reducing poverty.

9. Which of the following organizations recently issued some guidelines related to 'Participatory Notes' as used in financial world ?

RBI

IRDA

SEBI

AMFI

None of these

SEBI recently issued guidelines related to 'Participatory Notes' as used in the financial world. Participatory Notes, also known as P-Notes, are financial instruments used by foreign investors who are not registered in India to invest in Indian securities. These guidelines are important as they regulate the use of P-Notes and aim to ensure transparency and prevent money laundering. RBI, IRDA, and AMFI are not directly involved in issuing guidelines related to P-Notes, making SEBI the correct answer.

Explanation

SEBI recently issued guidelines related to 'Participatory Notes' as used in the financial world. Participatory Notes, also known as P-Notes, are financial instruments used by foreign investors who are not registered in India to invest in Indian securities. These guidelines are important as they regulate the use of P-Notes and aim to ensure transparency and prevent money laundering. RBI, IRDA, and AMFI are not directly involved in issuing guidelines related to P-Notes, making SEBI the correct answer.

10. As per the news appeared in some major newspapers India is number two in getting 'PE'. What is the full form of 'PE' as used in the financial world ?

Professional and Ecofriendly

Profitable Equity

Profitable and Economical

Private and Economical

Private Equity

Private Equity refers to investments made in private companies or in public companies that will eventually be delisted from the public stock exchanges. It involves the purchase of shares in private companies with the aim of generating a return on investment through various strategies such as buyouts, mergers, and acquisitions. The term "Private and Economical" does not accurately represent the concept of private equity, making it an incorrect option.

Explanation

Private Equity refers to investments made in private companies or in public companies that will eventually be delisted from the public stock exchanges. It involves the purchase of shares in private companies with the aim of generating a return on investment through various strategies such as buyouts, mergers, and acquisitions. The term "Private and Economical" does not accurately represent the concept of private equity, making it an incorrect option.