SBI Clerk Mains Mock Test - 9 - Bank Exams MCQ

PBG accepted President's Silver Trumpet and Trumpet Banner at a ceremony held at the forecourt of Rashtrapati Bhavan.

PBG has the unique distinction of being the only military unit of the Indian Army, privileged to carry the President's Silver Trumpet and Trumpet Banner.

President’s Bodyguard is the Indian Army’s cavalry regiment.

It is the senior-most regiment in the order of precedence of the units of the Indian Army.

It was raised in 1773 at Benares by the then Governor General, Warren Hastings.

CRR is the amount of funds that the banks have to keep with the RBI.

The rate at which RBI lends loans to banks is called as repo rate.

The rate at which banks pack their short term liabilities with RBI is called as reverse repo rate.

The Republican Party gained control of the House of Representatives after a gap of four years.

Now, the Republicans have 218 seats as against 211 of the Democratic Party.

Kevin McCarthy will be the next Speaker of the House of Representatives replacing Nancy Pelosi of Democrat.

The new Congress will be convened on January 3 next year.

Democrats maintained control of the Senate. The Democrats have 50 seats in the Senate and the Republicans have 49 seats.

The legislative branch of the U.S. government is called Congress

(i) Custodian of cash reserves of banks and nation's reserves of foreign exchange

(ii) Carrying out all banking business of the government

(iii) Acting as a nodal agency responsible for issuing the currency and for money supply in the market

Hence option number d is correct.

Union Minister of State Dr. L Murugan said that the government has taken several steps to improve fish production, export, and infrastructure development.

Pradhan Mantri Matsya Sampada Yojana is a central scheme to promote sustainable and responsible development of the fisheries sector.

In 2021-22, the total global production of aquatic animals and algae was 214 million tonnes.

India accounts for 7.96% of the total global fish production.

The world's largest fish producer is China. Andhra Pradesh State is the largest producer of fish in India, followed by West Bengal.

The fishing sector contributes around 1.07% to the GDP of India.

The United Nations General Assembly has declared 2022 the International Year of Artisanal Fisheries and Aquaculture (IYAFA 2022). FAO is the lead agency for celebrating the year in collaboration with other relevant organizations and bodies of the United Nations system.

The scheme, Prime Minister’s Development Initiative for North East Region (PM-DevINE), will apply for the remaining four years of the 15th Finance Commission from 2022-23 to 2025-26.

PM-DevINE will function as a Central Sector Scheme with full 100% funding provided by the union government. The Ministry of Development of the North Eastern Region (DoNER) will implement the scheme.

The PM-DevINE project will provide support to infrastructure and social development projects which require larger outlays.

PM-DevINE will be implemented by the Ministry of DoNER through North Eastern Council or Central Ministries/ agencies. Measures would be taken to ensure adequate operation and maintenance of the projects sanctioned under PM-DevINE so that they are sustainable

The objectives of PM-DevINE are to:

(a) Fund infrastructure convergently, in the spirit of PM Gati Shakti;

(b) Support social development projects based on the felt needs of the NER;

(c) Enable livelihood activities for youth and women;

(d) Fill the development gaps in various sectors.

The new chatbot has enhanced features like checking Aadhaar enrollment/update status, tracking of Aadhaar PVC card status, and information on enrollment centre location.

UIDAI placed top among all Group A ministries, departments and autonomous bodies for resolving public grievances in the rankings report published by the Department of Administrative Reforms and Public Grievances (DARPG) for the month of October 2022.

This is the third month in a row that UIDAI has topped the rankings.

Founder: Government of India , Founded: 28 January 2009, India Headquarters: New Delhi.

In this award, special focus is being given to accelerating development in rural areas along with uplifting their lifestyle. Among the smaller States and Union territories, Andaman and Nicobar secured the first position followed by Dadra and Nagar Haveli, Daman and Diu, and Sikkim.

The Swachh Survekshan Gramin award by the jal shakti ministry ranks states and districts based on their performance attained on key quantitative and qualitative Swachh Bharat Mission Gramin (SBM-G) parameters. It also factors in the engagement of the rural community in the improvement of their sanitation status. Swachhta Hi Sewa (SHS) – is a fortnightly campaign undertaken by the public offering “shramdaan” for sustaining cleanliness in the country.

United India for Swachhata – is a dedicated week-long intensified campaign for complete cleanliness – ‘sampoorna swachhta’ in 9 states across the country. Swachh Bharat Mission Grameen (SBM-G) - It was launched in 2014 by the Ministry of Jal Shakti to accelerate the efforts to achieve universal sanitation coverage and to put focus on sanitation.SBM(G) Phase-II: It emphasizes the sustainability of achievements under phase I and provides adequate facilities for Solid/Liquid & Plastic Waste Management (SLWM) in rural India.

It will be implemented from 2020-21 to 2024-25 in a mission mode with a total outlay of Rs. 1,40,881 crores.

• Open Defecation Free Status

• ODF: An area can be notified or declared as ODF if at any point of the day, not even a single person is found defecating in the open.

• ODF+: This status is given if at any point of the day, not a single person is found defecating and/or urinating in the open, and all community and public toilets are functional and well-maintained.

• ODF++: This status is given if the area is already ODF+ and the fecal sludge/septage and sewage are safely managed and treated, with no discharging or dumping of untreated fecal sludge and sewage into the open drains, water bodies, or areas.

UPI is an instant real-time payment system. It facilitates inter-bank peer-to-peer (P2P) transactions. It was launched in 2016. It was developed by the National Payments Corporation of India (NPCI). National Payments Corporation of India (NPCI) was formed in 2008 by the Reserve Bank of India (RBI) and the Indian Banks’ Association (IBA). It is headquartered in Mumbai.

The Importance of IFSC code are:

The points mentioned below highlight the importance of IFSC code.

• Unique Identification- It helps in identifying a particular bank branch.

• Elimination Errors- It helps to eliminate any discrepancy in the fund transfer process.

• Electronic Payments Made Easier- It is used in electronic payment tools such as RTGS, IMPS, and NEFT.

The EBP program was launched by the Ministry of Petroleum and Natural Gas in 2003, to promote the use of alternative and environment-friendly fuels.Under this program, starting with 5% blending, the government later increased the target to 10% ethanol blending by 2022. India's goal is to grow this ratio to 20% by 2030, but when the NITI Aayog released the ethanol roadmap in 2021, that deadline was advanced to 2025.

At present, 10 percent ethanol is blended in petrol (10 percent ethanol, 90 percent petrol) and the government is looking to double this quantity by 2024-25. The government expects 12 percent ethanol blending in petrol in 2023 at most places. Puri said from 2023, the supply year will change from November to October instead of the present practice of considering the ethanol supply year from December to November.

Under the retail operations, a commercial bank offers various services to its customers like savings and checking accounts, mortgages, personal loans, debit/credit cards and certificates of deposit (CDs).

Under the corporate operations, a bank typically serves a diverse clientele, ranging from small-sized to mid-sized local businesses with a few million in revenues to large conglomerates with billions in sales and offices across the country.

Under the personal banking, a bank provides investment and other financial services to high-net-worth individuals (HNWIs) with high levels of income or sizable assets. The term "private" refers to customer service rendered on a more personal basis than in mass-market retail banking, usually via dedicated bank advisers.

As part of the campaign, the activities will be conducted in 25 gender resource centers in various districts of Kerala. It will be based on Gender Equality and Gender-based Violence. A core committee has been formed at the state level for monitoring the four-week-long campaign. Leaflets, posters, and short films prepared by the NRLM will be used for the awareness programs. The campaign will also include follow-up activities as part of the Sthreepaksha Navakeralam campaign. The 'Sthreepaksha Navakeralam' campaign was launched against dowry-related suicides and murders.

He also unveiled Terminal 2 of Kempegowda International Airport inaugurated by PM Modi in Bengaluru on 11 November. The airport has been constructed at a cost of around Rs 5,000 crore. With its inauguration, the passenger capacity at Kempegowda International Airport is expected to increase to around five-six crore annually. It is currently 2.5 crores per year. The Chennai-Mysuru Vande Bharat Express and Bharat Gaurav Kashi Darshan trains have also been flagged off by Mr. Modi at KSR Railway Station. Prime Minister is on a two-day visit to Karnataka, Tamil Nadu, Andhra Pradesh, and Telangana from 11 to 12 November to launch a series of development projects. The 36th Convocation Ceremony of Gandhigram Rural Institute was also attended by PM at Dindigul in Tamil Nadu on 11 November.

In April 2021, China began construction of its space station with the launch of the Tianhe module, the main living quarters for astronauts. In July this year, it launched Wentian, or "Quest for the Heavens", a laboratory module where scientific experiments will be performed. The 23-tonne Mengtian, also a laboratory module, is expected to dock with an axial port at one end of Tianhe.

Mengtian weighs in at about 20 tons with a length of 17.9 meters (58.7 feet) and a diameter of 4.2 meters (13.8 feet). It will provide space for science experiments in zero gravity, an airlock for exposure to the vacuum of space, and a small robotic arm to support extravehicular payloads. The completion of the Chinese space station, designed for a lifespan of at least 10 years, will be a milestone in China's ambitions in low-Earth orbit, with NASA's aging ISS potentially ceasing operation by the end of the decade. The permanent Chinese station will weigh about 66 tons - a fraction of the size of the International Space Station, which launched its first module in 1998 and weighs around 465 tons.

A circular issued on April 30 stated that, "A scheme for providing services at the premises of a customer within the framework of Section 23 of the Banking Regulation Act, 1949 may be formulated by banks with the prior approval of their board and submitted to the Reserve Bank for approval".

The practice was banned on May 24, 1983 whereby banks were advised not to extend any banking facilities at premises of their customers without prior approval of RBI.

As per the DPIIT notification, loan/debt facilities sanctioned to an eligible borrower on or after 6 October, would be eligible for coverage under the scheme.

According to the ministry, the CGSS is aimed at providing credit guarantees up to a specified limit against loans extended by Member Institutions (MIs) to finance eligible borrowers viz. Startups as defined in the Gazette Notification issued by DPIIT and amended from time to time.

“The credit guarantee cover under the scheme would be transaction-based and umbrella based. The exposure to individual cases would be capped at Rs. 10 crores per case or the actual outstanding credit amount, whichever is less.

The extent of transaction-based cover will be 80% of the amount in default if the original loan sanction amount is up to Rs. 3 crores, 75% of the amount in default if the original loan sanction amount is above Rs.3 crore, and up to Rs.5 crores, and 65% of the amount in default if the original loan sanction amount is above Rs.5 crore (up to Rs.10 crores per borrower).

Startup India is an initiative of the Government of India. The campaign was first announced by Indian Prime Minister, Narendra Modi during his speech on 15 August 2015

Ministry: Ministry of Commerce and Industry.

A doyen of Carnatic music, Ponnammal was a musician who had broken gender stereotypes in classical music and became the first woman student to enroll in the historic Swathi Thirunal College of Music here during the 1940s.

The core of the framework is the automatic exchange of information between countries and mandatory customer identification as part of the due diligence process.

India has backed a global framework to ensure more effective monitoring of transactions in virtual assets.

The Crypto Asset Reporting Framework (CARF) will be presented to G20 finance ministers this week in Washington DC.

The initiative "comes against the backdrop of rapid adoption of the use of crypto assets for a wide range of investment and financial uses.

The G20 had in April 2021 mandated the OECD to develop a framework for the automatic exchange of tax-relevant information on crypto assets.

The CARF defines the relevant crypto assets in scope, transactions, and the intermediaries and other service providers that will be subject to reporting.

The proposed global regime incorporates recent developments in the global anti-money laundering standards of the Financial Action Task Force.

The Organization for Economic Co-operation and Development (OECD) is a unique forum where the governments of 37 democracies with market-based economies collaborate to develop policy standards to promote sustainable economic growth.

Headquarters: Château de la Muette; ‎Paris‎, France, Secretary-General: Mathias Cormann, Established: 16 April 1948 (as OEEC).

With this appointment, SBI, the country's largest bank, has four Managing Directors and a Chairman. The other three MDs are C. S. Setty, Swaminathan Janakiraman, and Ashwini Kumar Tewari.

The payment for Test matches will be 15 lakh rupees, 6 lakh rupees for ODIs, and 3 lakh rupees for T-20.

New Zealand is the first country to start equal pay for women's and men's cricketers.

According to a BCCI announcement made earlier this month, a five-team IPL tournament for women will be held in March 2023 after the Women's T20 World Cup ends in South Africa on February 26.

Around 22 matches will be played. Each team will have 18 players, with a maximum of six players from overseas.

Board of Control for Cricket in India (BCCI): It was established in December 1928. Headquarters: Wankhede Stadium, Mumbai, President: Roger Binny.

The Day is celebrated on December 11 because the United Nations General Assembly created UNICEF on December 11, 1946.

UNICEF stands for "United Nations International Children Emergency Fund".

The 70-year-old UK-based molecular biologist is among six appointments made to the historic order by the late Queen Elizabeth II before her death in September and the first to be appointed by Charles.

The Order of Merit is an exclusive mark of honour conferred by the British sovereign.

Professor Venki was born in Chidambaram in Tamil Nadu and studied biology in the US before moving to the UK where he is the Group Leader of the leading research hub MRC Laboratory of Molecular Biology at Cambridge University.

He received the Nobel Prize in Chemistry in 2009 for his work on ribosomal structure and was knighted by the Queen in 2012. He was President of the UK’s Royal Society from November 2015 until November 2020.

The Order of Merit, founded in 1902 by King Edward VII, is conferred on individuals of exceptional distinction in the armed forces, science, arts, and literature, or for the promotion of culture based on the personal choice of the monarch.