Whats-App Discussion SBI/IBPS PO GK 8/8/2017(Tuesday)

Q1: Regional rural banks are designed to work in which of the following ideals?

1) work on basics of commercial banks    2) help the targeted groups.    3) keep lending rates lower than cooperative institutions   4) work on innovative and adoptive ideals

Ans: 2 (Help the targeted groups.)

Explanation: RRBs are based on ideals of helping the targeted groups. Here targeted groups are regional population(which is generally dependent on agriculture activities) 

Q2: Open market operations of central bank are sale and purchase of:

1) foreign currencies   2) corporate securities     3) trade bills      4) government securities

Ans: 3(trade bills)

Explanation: Trade bills include treasury bills, bonds etc. 

Q3: The place where bankers meet and settle their mutual claims and accounts is known as:

1) treasury  2)clearing house    3) collection centre     4)dumping ground

Ans: 2(clearing house)

Clearing house may be at some local branch of a bank. 

Q 4: If CRR is lowered by central bank what will be its effect on on credit creation?

A. Increase

B. Decrease

C. Remain same

D. None of the above 

Ans: A. Increase

Explanation: If CRR is lowered then more money will be available in the market. 

Currently, CRR is 4%

Q5: In order to develop airports in _____________as green airports, Airports Authority of India (AAI) has commenced installation of 1MW solar power plant at two airports in the state.

1.Andhra Pradesh
2.Telangana
3.Punjab
4.Haryana
5.Madhya Pradesh

Answer – 1. Andhra Pradesh
Explanation :
The Government of India encourages development of green airports. In order to develop airports in Andhra Pradesh as green airports, AAI has commenced installation of 1MWp solar power plant at Tirupathi and Vijaywada Airports.

Q6: On August 2, 2017, which entity unanimously adopted a resolution aimed at preventing terrorists from acquiring weapons?

1.NATO
2.ASEAN
3.UN Security Council
4.European Union
5.SAARC

Answer – 3. UN Security Council
Explanation :
The Council strongly condemned the continued flow of weapons, military equipment, unmanned aircraft systems (UASs) and their components, and improvised explosive device (IED) components to and between the Islamic State of Iraq and the Levant (ISIL/Da’esh), Al-Qaida, their affiliates, and associated groups, illegal armed groups and criminals.

Q7: Which public sector bank has hit the international debt market with $400 million bond issue that will have a tenor of 5 years?

1.Canara Bank
2.Punjab National Bank
3.Indian Bank
4.Bank of India
5.Bank of Baroda

Answer – 1.Canara Bank
Explanation :
Canara Bank has hit the international debt market with a benchmark dollar bond issue that will have a tenor of 5 years. Through this issue, Canara Bank will raise $400 million as part of its $2 billion medium-term note programme.

Q8: Indian Railways signed its first Engineering, Procurement and Construction (EPC) contract with which company for large electrification projects?

1.L&T
2.Adani Power
3.Tata Power
4.Reliance Power
5.GMR Infra

Answer – 1.L&T

Explanation: On August 4, 2017, Indian Railways signed its first Engineering, Procurement and Construction (EPC) contract with L&T for large electrification projects. Including this contract, Railways Ministry has signed total nine EPC (engineering, procurement, construction) contracts for electrification of railway lines at a cost of Rs. 2,800 crore. The first EPC contract worth Rs. 1,050 crore was awarded to private sector engineering major L&T for electrifying 781 route kilometres. 

Q9: Which entity has joined hands with the Indian Dental Association (IDA) to start India’s first digital initiative for prevention and early detection of oral cancer?

1.Colgate India Trust
2.Anchor India Trust
3.Tata Memorial Centre
4.Patanjali Ayurved
5.Dabur

Answer – 3.Tata Memorial Centre
Explanation :
Tata Memorial Centre is a known destination for cancer treatment and its dedication to provide latest treatment technology and multi-disciplinary approach especially towards head and neck cancer. The IDA is the largest recognised body of dental professionals in India with a presence in 29 states and seven Union Territories and over 450 local branches spread across the country.

Q10: Where is the venue of 12th G-20 summit? 

Ans. GERMANY.