PO 2024-25 PET General Awareness Economy Banking Knowledge Set -1 - PDF

Here is the converted markdown format of the text in the images. # PO 2024-25 PET General Awareness Economy Banking Knowledge Set -1 | S.N | Question | Choice A | Choice B | Choice C | Choice D | Choice E | Ans | Explanation | | ------------ | ----------------------------------------------------...

Here is the converted markdown format of the text in the images. # PO 2024-25 PET General Awareness Economy Banking Knowledge Set -1 | S.N | Question | Choice A | Choice B | Choice C | Choice D | Choice E | Ans | Explanation | | ------------ | ------------------------------------------------------------------------------------------------------ | ----------------------------------- | ----------------------------------- | ----------------------------------- | ----------------------------------- | ------------------ | --- |-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | 1 | Which of these is not a parameter for "Digital Payments Index (DPI)"? | Payment Enablers | Payment Infrastructure Demand- side factors | Payment Infrastructure Supply-side factors| Payment Performance | Customer Preferences | E | The Reserve Bank of India (RBI) has developed the Digital Payments Index (DPI), to record the expansion of digitisation of payments across the country. The 5 parameters for DPI: 1. Payment Enablers (weightage 20%), 2. Payment Infrastructure Demand- side factors(10%), 3. Payment Infrastructure Supply-side factors(15%), 4. Payment Performance(45%), 5. Consumer Centricity (5%) | | 2 | Shyam Benegal, a legendary filmmaker recently passed away. He worked on which of the films?| Ankur | Arth | Waaris | Yaraana | Ziddi | A | Shyam Benegal was an Indian film director, screenwriter and documentary filmmaker. He recently passed away. Few of his notable films are Ankur, Manthan, Mandi, Zubeida among others | | 3 | Name of the spacecraft which due to some technical issues returned without the astronauts Butch Wilmore and Sunita Williams from the International Space Station? | Spaceliner | Starliner | Techcraft | International Craft | None of these | B | Starliner is the spacecraft which due to some technical issues returned without the astronauts Butch Wilmore and Sunita Williams from the International Space Station. It was launched on June 6 and was piloted by the abovementioned astronauts | | 4 | Gukesh Dommaraju won the World Chess Championship 2024 in Singapore against reigning World Champion............? | Ding Liren | Magnus Carlsen | Vishwanathan Anand | Andy Murray | None of these | A | Gukesh Dommaraju won the World Chess Championship 2024 in Singapore against reigning World Champion Ding Liren. The match took place between 25 No 24 to 12 Dec in Singapore. It was played to abest of 14 games, with tiebreaks if required. | | 5 | Who amongst these recently took charge as the new RBI Governer? | Shaktikanta Das | Sanjay Malhotra | Urijit Patel | Michael Patra | Nirmala Sitharaman | B | Sh sanjay Malhotra, a 1990 batch IAS Officer has took charge as the 26th Governer of RBI for a 3 year term on 11.12.2024 | | 6 | Who has written the book Development as Freedom? | Raghuram Rajan | Abhijeet Banerjee | Amartya Sen | Shaktikant Das | None of these | C | Development as Freedom is book written by Indian economist Amartya Sen in 1999. | | 7 | The tenure of the RBI Governer is three years, with the possibility of extention for an additional ........ Years. | 9M | 1Y | 2Y | 3Y | No extention | C | As per the constitution, the tenure of the RBI Governer is three years, with the possibility of extention for an additional two Years. | | 8 | .......... is someone who transfers or moves illegally acqired money on behalf of someone else.| Money Horse | Money Mule | Money Transferer | Money Supplier | Money Distributor | E | Money Mule accounts are simply fake accounts which are used to transfer stolen funds or launder illicit money. These accounts are used as intermediaries to disguise the origin or destination of illegal transactions | | 9 | Reserve Bank of India (RBI), the Controller of Banking industry in India has ........ Regional Offices. | 14 | 17 | 19 | 21 | 23 | C | Reserve Bank of India (RBI), the Controller of Banking industry in India has 19 Regional Offices and 9 sub offices | 10 | Under the PM SVANIDHI scheme, urban street vendors are sanctioned with working capital credit facilities by banks. What is the Loan amount for 2nd loan cycle of the scheme? | Rs.10,000/- | Rs 12,000/- | Rs. 15,000/- | Rs. 20,000/- | Rs.25,000/- | D | Under the PM SVANIDHI scheme, urban street vendors are sanctioned with working capital credit facilities upto Rs,10,000 per year by the banks for 1st loan cycle .This scheme was launched and cycle loan amount is Rs.20,000/- with max. loan period - 18 M. The Government of India to provide micro-credit facility to street vendors during Covid-19 lockdown | | 11 | What is "black fungus" medically called? | Mucormycete s | Mucormycosis | Onychomycosis | Cutaneous candidiasis | None of these | B | Mucormycosis which is colloquially called as "black fungus" is a serious fungal infection in human beings. This disease often manifests in the skin and also affects the lungs and brain | | 12 | Which state is the largest producer of sugarcane in india? | Uttar Pradesh | Maharashtra | Tamil Nadu | Andhra Pradesh | Karnataka | A | Uttar Pradesh is the largest producer of sugarcane in india having cultivated area of 50% of the cane area in the country. It is followed by Maharashtra, Karnataka among others. | | 13 | Which Bank was named as the Best Bank of India for 2024 by Global Finance Magazine at its 31st Annual Best Bank Awards in Washington. | HDFC | ICICI | SBI | PNB | BOB | C | State Bank of India was named as the Best Bank of India for 2024 by Global Finance Magazine at its 31st Annual Best Bank Awards in Washington. | | 14 | RBI has recently reduced Cash Reserve Ratio (CRR) by 50 basis points from ....% to ....% | 10%, 9.5% | 8%, 7.5% | 6%, 5.5% | 5.5%, 5% | 4.5%, 4% | E | Cash Reserve Ratio (CRR) is a percentage of the total deposits that Commercial Banks have to hold as reserves with the RBI | | 15 | As per the IMF's, what is India's debt to GDP ratio in 2024? | 69 per cent | 75 percent | 78 percent | 83 per cent | 90 percent | D | As per the Fiscal Affairs Department of the International Monetary Fund, India's debt to GDP ratio increased from 69 per cent (pre pandemic level) to 83 per cent which is a significant increase. | | 16 | The GST rate list comprises of different slabs, which amongst these is not the applicable rate of GST ? | 5% | 9% | 12% | 18% | 28% | B | The GST rate list comprises four slabs namely 0%, 5%,12%, 18%, 28%. The GST council has assigned each good and service to one of these five tax slabs. | | 17 | Which company has developed Gen Al tool named Copilot? | Google | Amazon | Microsoft | Tesla | Infosys | C | Microsoft has developed Gen Al tool named Copilot which is an Al powered tool that assists users with a variety of tasks. | | 18 | Which of the following is fiscal policy related to?| Open market operations | Change in Reserve requirements| Liquidity adjustment facility | Taxation and Government spending| None of these | D | Fiscal policy is related to Taxation and Government spending. It is used by the Government to promote strong and sustainable growth and reduce poverty. | | 19 | Who has been awarded the Sahitya Akademy Award 2024 for Hindi?| Vaishali Sinha| Daya Prakash Sinha| Gagan Gill| Gaurav Pandey| Easterine Kire| C | Gagan Gill has been awarded the Sahitya Akademy Award 2024 for Hindi. She received the award for her poetry book Main Jab Tak Aai Bahar | | 20 | Which of these insurance companies is not empanelled in Pradhan Mnatri Fasal Bima Yojana? | Agriculture Insurance Company of India | ICICI Lombard | HDFC ERGO General Insurance Company | IFFCO-Tokio General Insurance Company | Life Insurance Company of India | E | Pradhan Mnatri Fasal Bima Yojana (PMFBY) aims to provide a comprehensive insurance cover against failure of the crop thus helping in stablisiing the income of the farmers. The current empanelled insurance companis are: 1. Agriculture Insurance Company of India 2. ICICI Lombard 3. HDFC ERGO General Insurance Company 4. IFFCO-Tokio General Insurance 5. Cholamandalam MS General Insurance 6. Bajaj Allianz General Insurance 7. Reliance General Insurance 8. Future Generali India Insurance 9. TATA AIG General Insurance 10. SBI General Insurance 11. Universal Sompo General Insurance | | 21 | What is the Capital and Currency of Indonesia? | Jakarta, Indonesian rupiah | Canberra, Manat | Vienna, Taka | Dublin, Cedi Indonesian rupiah | Macedonia, Indonesian rupiah | A | Capital and Currency of Indonesia: Jakarta and Indonesian rupees respectively. | | 22 | Who has been appointed as the 9th Chairperson of National Human Rights Commission? | V. Ramasubramanian | S. P. Kurdukar | Ramkrishna Gavai | Kuldip Singh | Ranjan Gogoi | A | Former Supreme Court judge V. Ramasubramanian has been appointed as the 9th Chairperson of the National Human Rights Commission (NHRC) for a three-year tenure until December 2027. | | 23 | fasa | New Delhi | Chennai | Hyderabad | Bhopal | Lucknow | A | The 29th conferation Indian government of Indian Industry (CII) Partnership Summit 2024was held in New Delhi. The summit focussed on building partnerships and promoting global cooperation for a sustainable future. | | 24 | Which of the follwing countries has India signed first ever Tax Information Exchange Agreement with?| Belize| Bermuda| Guyana| Honduras | None of these | B | India has signed its first ever Tax Information Exchange Agreement with Bermuda, a Caribbean Tax heaven. | | 25 | The GST Council has recently approved a proposal to streamline the registration process for new and small businesses and aims to enable registration within ........ Working days, reducing bureaucratic hurdles. | 1 | 2 | 3 | 4 | 5 | C | The GST Council has recently approved a proposal to streamline the registration process for new and small businesses and aims to enable registration within 3 Working days, reducing bureaucratic hurdles. The primary goal is to simplify the registration process for small businesses. | | 26 | Which book has won the Booker prize for 2024? | Orbital | Held | James | Creational Lake | Stone Yard Devotional | A | Shortlist for Booker Prize 2024: Orbital, Held, James, Creational Lake, The Safekeep and Stone Yard Devotional | | 27 | Syed Mushtaq Ali trophy is associated with which sports? | Kabbadi | Football | Cricket| Badminton | Hockey| C | Syed Mushtaq Ali trophy is a domestic 20-20 cricket championship in India. The Board of Control for Cricket in India (BCCI) organizes the tournament annualy. | | 28 | Phlegraean Fields, which is an active volcanic area located in which country? | Indonesia | Italy| Vietnam| France| India| B | The Phlegraean Fields, near Naple, Italy are a massive supervolcano starting to show signs of activity, raising concerns among scientists. | 29 | Which of these companies is not a Public sector general insurance Company? | National Insurance Company Ltd. | The New India Assurance Company Ltd.| The Oriental Insurance Company Ltd. | United India Insurance Company Ltd. | SBI General Insurance Company ltd. | E | SBI General Insurance Company ltd is not a Public sector general insurance Company. It was founded in 2009 and started operations in 2010, as a joint venture between State Bank of India (SBI) and Insurance Australia Group. | | 30 | Bharat Bill Payment System (BBPS), is a payment channel system conceptualized by which institution? | RBI | NABARD | SBI | SEBI | SIDBI | 1 | BBPS is a Reserve Bank of India (RBI) concept driven by the National Payments Corporation of India (NPCI). It is a platform that allows customers to pay bills online. | | 31 | Hindustan Aeronautics Limited (HAL) is a Public sector undertaking fully owned by Government of India and is into Defence Production. It produces... | Aircrafts | Tanks | Ships | Heavy Machinery | None of these | A | Hindustan Aeronautics Limited (HAL) is a Public sector undertaking fully owned by Government of India. It is under the administrative control of Department of Defence Production, Ministry of Defence. It produces Aircrafts. | | 32 | Which country has developed an intercontinental ballistic missile RS-28 Sarmat? | France | China | Japan | Russia | India | D | Russia has developed an intercontinental ballistic missile RS-28 Sarmat. It plans to deploy these missiles also called Satan 2 to replace older models. It's a three stage, liquid fuelled missile with an 18,000 km range and a 208.1 metric ton launch weight. | | 33 | What is the name of the newly declared district in Uttar Pradesh for the management of the 2025 Mahakumbh in Prayagraj?| Sangam Nagar | Mahakumbh Mela| Triveni Nagar | Mela Puri | Samagam Nagar | B | UP govt declared Maha Kumbh Mela area in Prayagraj as a new district on Dec 1, 24. The decision aims to streamline management for the Maha Kumbh Mela 2025.| | 34 | Due to a breach of the safety ring, the government has decided to handovere the "Comprehensive" security of the Parliament building complex to the: | National Security Guard (NSG) | Border Security Force(BSF) | Central Reserve Police Force (CRPF)| Central Industrial Security Force(CISF)| Delhi Police (DP)| D | Due to a breach of the safety ring, the government has decided to hand overe the "Comprehensive" security of the Parliament building complex to Central Industrial Security Force(CISF). | | 35 | Which country passed the "Online Safety Amendment (Social Media Minimum Age) Bill 2024? | Australia | India | France | Germany | Indonesia | A | Australia passed the "Online Safety Amendment (Social Media Minimum Age) Bill 2024, requiring social media platforms to prevent children under the age of 16 from creating accounts. | | 36 | Which day is celebrated as the National Handloom Day every year?| 05-Aug| 06-Aug| 07-Aug| 08-Aug| 09-Aug| C | National Handloom Day is celebrated every year on August 7, to honor the handloom industry and its contributions to the country's socio economic development. | | 37 | What is the name of scheme that recently exceeded its target of training 6 crore rural individuals in digital literacy? | Pradhan BharatNet Scheme | Pradhan Mantri Gramin Digital Saksharta Abhiyan | Aadhar Digital Programme |Digital India Internship scheme | Digital India banao scheme| B | Pradhan Mantri Gramin Digital Saksharta Abhiyan recently exceeded its target of training 6 crore rural individuals in digital literacy. It was launched to promote digital literacy- rural India. The scheem aimed to train one individual per household in 6 crore rural households. It successfully exceeded its target, training 6.39 crore individuals by 31 Mar, 2024. | | 38 | Which pair of cities are connected by Pamban Bridge (Rail and Road)? | Chennai and Cochin | Howrah and Kolkatta | Rameswaram and Mandapam | Kochi and Thiruvananthapuram| Bengaluru and Chennai | C | The Pamban Bridge connects the town of Rameswaram on Pamban Island to the town of Mandapam on mainland India. | | 39 | What is the full form of MCLR? | Marginal Cost of Funds based Lending Rate | Marginal Cost of Lending Rate | Multiple Cost of Lending Commodity Rate | Marginal Cost Commodity Lending Rate | Multiple Cost of Lending Rate | A | Marginal Cost of Funds based Lending Rate (MCLR) is the minimum interest rate, below which a bank is not permitted to lend. It is an internal rate of reference for banks, to determine the minimum rates of interests for loans. | | 40 | The Indian Army has launched the "Artificial Intelligence Incubation Centre" in which city? | Jaipur | Bengaluru | Chennai | Bhopal | Lucknow| B | The Indian Army has launched the "Artificial Intelligence Incubation Centre" in Bengaluru. The centre reflects the Army's focus on using Artificial Intelligence for operational excellence. It aims to foster innovation in military technology for Al driven solutions. | | 41 | What is the current Statutory Liquidity ratio (SLR) rate in India? | 12% | 15%= | 18% | 21% | 24% | C | The current Statutory Liquidity ratio rate (SLR) in Indiais 18%. SLR means that the Banks in India must maintain liquid assets equivalent to at least 18% of their Net Demand and Time Liabilities (NDTL). | | 42 | Where was the first Export Processing Zone set up in India? | Mumbai | Kandla | Kochi | Mysore | Chennai | B | The first Export Processing Zone was set up in Kandla, Gujarat, India. | | 43 | What is the current GST rate applicable on mobile phones as per the Goods and Services Tax Council? | 5 per cent | 12 per cent| 18 per cent| 28 per cent| 15 per cent | C | The current GST rate applicable on mobile phones as per the Goods and Services Tax Council is 18%. | | 44 | The Union Mistry of Ports, Shipping and Waterways introduced ............. to boost coastal trade. | Coastal Shipping Bill, 2024 | Indian Shipping Bill, 2024 | Maritime Trade Promotion Bill, 2024 | Coastal Trade and Transport Bill, 2024 | Merchant Transport Bill, 2024 | A | The Union Mistry of Ports, Shipping and Waterways introduced the Coastal Shipping Bill, 2024, to boost coastal trade and prioritize Indian flagged vessels for National security and commercial needs. | | 45 | What is the maximum balance that an individual customer can hold with payments banks? | Rs 50000 | Rs 1 lakh | Rs 2 lakhs | Rs 5 lakhs | Rs 3 lakhs | C | The Reserve Bank of India has doubled the limit of maximum balance that an individual customer can hold with payments banks to 2 lakh. | | 46 | As per the Finance Ministry, which type of banks are allowed to participate in government related business? | Regional Rural Banks | Private sector banks | Cooperative Banks | Foreign Banks | Small Finance Banks | B | As per a Finance ministry communication, all private sector banks are allowed to participate in government-related business. | | 47 | The Objective of the Stand-Up India Scheme is to facilitate bank Loans between Rs...lakh and Rs...........lakh to atleast one/SC/ST borrower per branch of all scheduled commercial banks for setting up a greenfield enterprise. | Rs.10 lakh, Rs.100 Lakh| Rs.5 Lakh,Rs.100 Lakh| Rs.1 Lakh,Rs.100 Lakh| Rs.2 Lakh,Rs.200 Lakh| Rs.10 Lakh, Rs.200 Lakh | A | The Objective of the Stand-Up Ind Scheme is to facilitate bank loans between Rs.10 lakh and Rs.100 lakhs to atleast one SC/ST borrower and atleast one Woman borrower per Bank per branch of all scheduled commercial banks for setting up a greenfield enterprise. | | 48 | What is the rank Of India in the Travel & Tourism Development index 2024? | 36th | 37th | 38th | 39th | 40th | D | India was ranked 39th out of 119 countries in the Travel & Tourism Development Index 2024 by the World Economic Fourum (WEF). | | 49 | What is India's net direct tax collection (excluding refunds) for FY 2023-24? | Rs. 16.64Lakh crore | Rs. 17.45 Lakh crore | Rs. 18.45Lakh crore | Rs. 19.58Lakh crore | Rs. 21.55Lakh crore | E | India's net direct tax collection (excluding refunds) for FY 2023-24 stood at Rs. 1958 Lakh crore. | | 50 | Which institution has launched MuleHunter.Al to help financial institutions detect mule bank accounts?| Indian Institute of Finance (IIF) | Department of Economic Affairs | Economic council of India (ECI) | Reserve Bank of India (RBI) | Economic offences Wing (EOW) Of Central Bureau of Investigatio n (CBI) | D | The Reserved Bank of India (RBI HA launched MuleHuntet.AI to hekp financial institutions detect mule accounts and to combat digital fraud Multe accounts are used for money laundering by Criminals/ Fraudsters | | 51 | Sathanur Dam is located in which state?| Tamil Nadu| Maharashtra| Madhya Pradeş| Gujarat | Karnataka| A | Sathanur Dam built on the pennair river near Tiruvannamalai Tamil Nadu, constructed in 1958. Recent cyclone Fengal caused record rains in Pennaiyar river basin, leading to heavy inflows into Sathanaur Dam which was already ar 95% capacity | | 52 | Which organisation has launched an Al model for weather predication called GenCast? | Microsoft | World Bank | Google | World Meterorological organization | Tesla | C | Google has launched an Al Model for weather predication called GenCast. Provides faster and more accurate forecasts up to 15 days ahead, advancing beyond its deterministic predecessor by generating50+ weather scenarios. | | 53 | Under the PM SVANIDHI scheme, urban street vendors are sanctioned with working capital credit facilities by banks. What is the Loan team for 2nd Loan cycle of the scheme? | 12M | 18 M | 24M | 36M | 48M | B | Under the PM SVANIDHI scheme, urban street vendors are sanctioned with working capital credit facilities up to Rs.10000 per year by the banks for 1st loan cycle This scheme was launched by cycle loan amount is Rs20000/- with Max. Lone period 8M. The governments of India to provide credit facility to vendors during covid-19 lockdown.| | 54 | Vibrant Village Programme comes under which ministry? | Ministry of External Affairs| Ministry of External Affairs | ministry of Home Affairs | Ministry of Rural Development | Ministry of Finance| C | Vibrant village Programme has been launched by Ministry of Home Affairs. | | 55 | What is the name of the scheme that intends to provide collateral free loan facility upto Rs.10.00 lacs to eligible Citizens- for business purpose? | PM KISAN | MUDRA Yojana | PM NIDHI Scheme | TLTRO | PM SVANDHI | B | Pradahnmantri Mudra yojana is the name of the scheme that intends to provide collateral free loan facility upto Rs10.00 lacs to eligible Citzens for business purpose. | 56 | who been Appointed as the Rajnish setry | Ranish | Rajnish Kumar | Rajnish Alundhatis | chellais S | Shaktikanta Das | dhajay | C | Sh chella setry has been Appointed as the new charimn | | 57 | Which organization has released the framework for strengthening the grievance redressal mechanism in banks?| SEBI| RBI| Ministry of Finance| IBBI | IRDAI | B | The Reserve bank of India introduced a framework to strengthening the grievance redress mechanism in Banks. | | 58 | What was the theme of the World Red Cross Day 2024 ?| Serve the Earth save he planet | togather | We can -we Always care for Earth | I/I give with jay Togather we Can | toghatarwe Can | D | World Cross day known as wold world 11 1| | 59 | Which ........ GST slab applies to luxury products and services tobacco and tobaco | 0% | 5% | 12% | 18% | 20% | E | 2.70% applies to licit. | | 60 |Where was the Nato summit 2074 height| Geneva| London| Paris| Weashinton Dk | Milan | D | weashing ton|