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SBI Clerk Mains Mock Test - 8 - Banking Exams MCQ


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30 Questions MCQ Test - SBI Clerk Mains Mock Test - 8

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SBI Clerk Mains Mock Test - 8 - Question 1

As per the report __________ launched an e-governance portal “Samarth” which will provide all administrative and educational updates including information about entrance exams.

Detailed Solution for SBI Clerk Mains Mock Test - 8 - Question 1
Uttarakhand’s education department launched an e-governance portal – “Samarth” –, which will provide all administrative and educational updates, including information on entrance examinations, salary structures, and appointments from five state universities and 140 public schools.

According to the officials, the initiative has been taken to make the education system in the state more transparent.

The portal also provides access to 40 academic study modules. The minister said that 200 UDs of science subjects will be sent to the Indian Institute of Science Bengaluru for special training, while state university teachers receive training in IIM Kashipur.

SBI Clerk Mains Mock Test - 8 - Question 2

Which state celebrates Utkal Divas on April 1 every year?

Detailed Solution for SBI Clerk Mains Mock Test - 8 - Question 2
Odisha Day, also Odisha Divas and Utkal Divas, is celebrated on April 1 in the Indian state of Odisha in memory of the formation of the state as a separate state out of Bihar and Odisha Province with addition of Koraput and Ganjam from the Madras Presidency on April 1, 1936.
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SBI Clerk Mains Mock Test - 8 - Question 3

As per the report Warehousing Development and Regulatory Authority (WDRA) recently organized a seminar on “e-NWR – An Effective Tool for Promoting Pledge Financing”. What is the Acronym Of 'N' in NWR?

Detailed Solution for SBI Clerk Mains Mock Test - 8 - Question 3
Warehousing Development and Regulatory Authority (WDRA) recently organized a seminar on “e-NWR – An Effective Tool for Promoting Pledge Financing”.

The negotiable warehouse receipt (NWR) system was launched in 2011 allowing the transfer of ownership of a commodity stored in a warehouse without having to deliver it physically.

These receipts are issued in negotiable form, making them eligible as collateral.

This has been enabled by enabling the financing of warehouse receipts through the Warehouse (Development and Regulation) Act, of 2007.

Electronic-Negotiable Warehouse Receipt (e-NWR) will help farmers/FPOs to have access to a large number of buyers across the country.

WDRA was constituted in 2010 under the Warehousing (Development and Regulation) Act, of 2007. It is under the Department of Food and Public Distribution (DFPD).

SBI Clerk Mains Mock Test - 8 - Question 4

In October 2022, Esmayeel Shroff passed away at 62. He was a _______.

Detailed Solution for SBI Clerk Mains Mock Test - 8 - Question 4
Director of many 80s and 90s hits, Esmayeel Shroff is no more. The veteran Bollywood director expired at Kokilaben Dhirubhai Ambani hospital in Mumbai following an illness. He was 62 years old. Esmayeel Shroff was reportedly admitted almost a month ago after suffering a heart attack. Esmayeel hailed from Andhra Pradesh.
SBI Clerk Mains Mock Test - 8 - Question 5

As per the report, _____________ announced the launch of the ‘Mission on Paediatric Rare Genetic Disorders’ (PraGeD).

Detailed Solution for SBI Clerk Mains Mock Test - 8 - Question 5
The Centre for DNA Fingerprinting and Diagnostics (CDFD), Hyderabad, announced the launch of the ‘Mission on Pediatric Rare Genetic Disorders’ (PraGeD).

It is a screening program to decode the unknown genetic mutations causing Pediatric Rare Genetic Disorders (PRaGeD).

The ‘PRaGeD’ is an initiative funded by the Department of Biotechnology (DBT), Ministry of Science and Technology.

The CDFD is collaborating with pediatrics departments of medical colleges, and DBT-UMMID centers to analyze samples from children with rare genetic disorders and their parents.

The main aim of ‘PRaGeD’ is to create awareness, achieve a genetic diagnosis, and develop therapies for pediatric rare genetic diseases in India.

SBI Clerk Mains Mock Test - 8 - Question 6

Which account has to be opened for dealing in shares and stocks?

Detailed Solution for SBI Clerk Mains Mock Test - 8 - Question 6
The word 'Demat' is the colloquial short word for 'Dematerialised Account', which is a type of account where shares and securities are held electronically to enable trading transaction and settlements in stock exchange, thereby eliminating the need of physical financial instrument.
SBI Clerk Mains Mock Test - 8 - Question 7

As per the report, Union Cabinet approved the naming of Hollongi airport, Itanagar as ________.

Detailed Solution for SBI Clerk Mains Mock Test - 8 - Question 7
The Union Cabinet has recently approved the naming of Hollongi Greenfield Airport in Itanagar of Arunachal Pradesh as “Donyi Polo Airport, Itanagar”.

The name reflects the people’s reverence of the Sun as Donyi and the Moon as Polo to symbolize the traditions and rich cultural heritage of the State.

In January 2019, the Central government granted in-principle approval for the development of Hollongi Greenfield Airport.

The project is being developed by the Airports Authority of India with the help of the Central Government and the State Government at ₹646 crores.

With a 2,300-meter runway, the greenfield airport is the first in Arunachal Pradesh to have the capacity to land big aircraft.

The Hollongi airport is the state’s third after Pasighat and Tezu airports and the only airport in the capital city.

The central government had earlier accorded its approval for setting up the “greenfield airport" under the `Capital Connectivity Scheme` to build up a fixed-wing air connectivity facility to the state capital.

The Donyi Polo airport in Itanagar is northeast India`s 16th airport.

SBI Clerk Mains Mock Test - 8 - Question 8

The Central Bank is not expected to perform the function of

Detailed Solution for SBI Clerk Mains Mock Test - 8 - Question 8
RBI is the central bank of India.

In India the Reserve Bank of India acts as the clearinghouse for scheduled banks, which have statutory accounts with it. Through this function the Reserve Bank of India enables the banks to settle their transactions among various banks easily and economically.

The RBI acts as banker to the government the Central as well as state governments. As such, it transacts all banking business of the government, which involves the receipt and payment of money on behalf of the government and carrying out of its exchange, remittance and other banking operations.

The Central Bank also accepts deposits from commercial banks.

However, accepting deposits from general public is the function of commercial banks, and not the central bank.

SBI Clerk Mains Mock Test - 8 - Question 9

As per the report, the following districts are the first districts in the Union Territory of Jammu and Kashmir to cover 100 percent of households under the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana Sehat Scheme (AB PM-JAY SEHAT scheme)?

Detailed Solution for SBI Clerk Mains Mock Test - 8 - Question 9
Shopian, Kulgam, and Ganderbal districts are the first districts in the Union Territory of Jammu and Kashmir to cover 100 percent of households under the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana Sehat Scheme (AB PM-JAY SEHAT scheme).

The scheme is the world’s largest health insurance scheme fully financed by the government and provides a cover of Rs five lakh per family per year for secondary and tertiary care hospitalization.

These districts achieved the milestone due to the special registration drives organized by the State Health Agency (SHA) in all Blocks across the district aimed to cover all families under the ABPMJAY SEHAT scheme in the district.

Notably, State Health Agency recently launched a citizen-friendly facility for citizens to avail of Golden cards in the comfort of their homes. The citizens can visit the address Setu.pmjay.gov.in and register themselves and their families with details of the ration card issued by the Food and Supply Department J&K and download their Golden cards.

The initiative has been taken to ensure all the citizens get golden cards which provide 5 Lakh health insurance coverage.

Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) SEHAT Scheme in Jammu and Kashmir provides health insurance coverage of Rs 5 lakh per family per year to all the residents at impaneled hospitals. The scheme covers up to three days of pre-hospitalization and fifteen days of post-hospitalization expenses including diagnostics and medicines.

Under the initiative of ‘Gaon Gaon Ayushman, State Health Agency (SHA) has also started ’ to reach out to even last-mile villages which remain cut off from the rest of the world due to adverse weather conditions to percolate the benefits of the scheme down to every beneficiary.

SBI Clerk Mains Mock Test - 8 - Question 10

A collection of Prime Minister Narendra Modi's selected speeches titled 'Sabka Saath Sabka Vikas Sabka Vishwas – Prime Minister Narendra Modi Speaks (May 2019-May 2020)' was released in September 2022 by

Detailed Solution for SBI Clerk Mains Mock Test - 8 - Question 10
Former Vice-President M. Venkaiah Naidu in September 2022 released a collection of Prime Minister Narendra Modi's selected speeches. The book titled 'Sabka Saath Sabka Vikas Sabka Vishwas – Prime Minister Narendra Modi Speaks (May 2019-May 2020)' was released in the presence of Kerala Governor Arif Mohammad Khan at a function organised by the Ministry of Information and Broadcasting. The book focuses on 86 speeches of the Prime Minister on various subjects. It portrays the Prime Minister's vision of a 'New India', which is self-reliant, resilient and capable of converting challenges into opportunities.
SBI Clerk Mains Mock Test - 8 - Question 11

Which of the following organization has developed the mobile app named 'Secure Fishing App' which was launched in Odisha?

Detailed Solution for SBI Clerk Mains Mock Test - 8 - Question 11
The fisheries and Animal Resources Development (FARD) department and the United Nations World Food Programme (WFP) in India launched a mobile application “Secure Fishing”.

Launching the new application, FARD Minister Ranendra Pratap Swain said the application developed by WFP in collaboration with the state government seeks to empower the fishermen by providing real-time information, insights, and analytics that directly contribute to their livelihood.

The ‘Secure Fishing’ app is focused on coastal fishing communities for improving their safety, resilience, and daily catch as they are among the most vulnerable groups.

The World Food Programme is the food-assistance branch of the United Nations.

Headquarters: Rome, Italy, Founded: 1961.

SBI Clerk Mains Mock Test - 8 - Question 12

Acquiring, owning, possessing or transferring any money for crime related purposes, directly or indirectly, is known as

Detailed Solution for SBI Clerk Mains Mock Test - 8 - Question 12
Acquiring, owning, possessing or transferring any money for crime related purposes, directly or indirectly, is known as money laundering. Money laundering is an illegal process.

Money obtained from certain crimes, such as extortion, insider trading, drug trafficking, and illegal gambling is "dirty" and needs to be "cleaned" to appear to have been derived from legal activities, so that banks and other financial institutions can deal with it without suspicion. Money can be laundered by many methods which vary in complexity and sophistication.

SBI Clerk Mains Mock Test - 8 - Question 13

As per the report Atal Innovation Mission (AIM) NITI Aayog recently launched the ____________ edition of ‘Innovations for You’ coffee table book featuring 75 successful women entrepreneurs of India.

Detailed Solution for SBI Clerk Mains Mock Test - 8 - Question 13
Atal Innovation Mission (AIM) NITI Aayog recently launched the fourth edition of the ‘Innovations for You’ coffee table book featuring 75 successful women entrepreneurs in India.

'Innovations For You is a Coffee Table Book series with 3 editions being released previously.

The book captures success stories of start-ups supported through Atal Incubation Centres, Atal Community Innovation Centres, and Atal New India Challenges, three flagship programs under the Atal Innovation Mission.

Each edition showcases the journey of entrepreneurs working in different sectors and is dedicated to creating new, disruptive, innovative products, services, and solutions that can pave the path for a sustainable future.

The first edition was focused on the Healthcare sector; the second on Agriculture and the Allied sector and the third on Transport and Mobility.

Out of the 2900 plus startups supported by AIM, more than 850 plus are led by women.

In 2016, Union Cabinet approved the establishment of the Atal Innovation Mission (AIM) and Self-Employment and Talent Utilisation (SETU) in NITI Aayog.

SBI Clerk Mains Mock Test - 8 - Question 14

The real return to the investor sometimes gets reduced due to sudden rise in the prices of the commodities. This phenomenon in financial market is known as

Detailed Solution for SBI Clerk Mains Mock Test - 8 - Question 14
Inflation risk, also called purchasing power risk, is the chance that the cash flows from an investment won't be worth as much in the future because of changes in purchasing power due to inflation. Some securities attempt to address this risk by adjusting their cash flows for inflation to prevent changes in purchasing power. Treasury Inflation Protected Securities (TIPS) are perhaps the most popular of these securities. They adjust their coupon and principal payments for changes in the consumer price index, thereby giving the investor a guaranteed real return.
SBI Clerk Mains Mock Test - 8 - Question 15

As per the report _____________ topped amongst all Ministries/Departments for resolving Public Grievances in the ranking report published by the Department of Administrative Reforms and Public Grievances (DARPG) for August 2022.

Detailed Solution for SBI Clerk Mains Mock Test - 8 - Question 15
The unique Identification Authority of India (UIDAI) has topped amongst all Ministries/Departments for resolving Public Grievances in the ranking report published by the Department of Administrative Reforms and Public Grievances (DARPG) for August 2022.

UIDAI has been a top performer in the resolution of cases received through the Centralized Public Grievance Redress and Monitoring System (CPGRAMS).8.

UIDAI is further committed to serving residents of India and has been a catalyst for both ease of living and ease of doing business.

UIDAI has a robust grievance redressal mechanism in place comprising UIDAI HQ Divisions, Regional Offices, Technology Centre and engaged Contact Centre partners, which is enabling UIDAI to resolve around 92% of CRM Grievances within 7 days.

The organization is dedicated to further strengthening its Grievance Redressal Mechanism and is going to launch State-of-the-art Open Source CRM solution soon. The new Customer Relationship Management (CRM) solution has been designed with advanced features that shall enhance UIDAI service delivery to residents.

SBI Clerk Mains Mock Test - 8 - Question 16

Which of the following committees recommended the revival of Cooperative Credit Institutions in states?

Detailed Solution for SBI Clerk Mains Mock Test - 8 - Question 16
The Government of India constituted the Task Force on Revival of Cooperative Credit Institutions in August 2004. The Chairman of the task force was Prof. A Vaidyanathan, Emeritus Professor, Madras Institute of Development Studies, Chennai. The committee submitted its final report in February 2005.
SBI Clerk Mains Mock Test - 8 - Question 17

As per the report, Cabinet approves the Memorandum of Understanding signed on mutual recognition of academic qualifications between India and the _____________.

Detailed Solution for SBI Clerk Mains Mock Test - 8 - Question 17
The Union Cabinet in its meeting chaired by Hon'ble Prime Minister Shri Narendra Modi granted ex post facto approval for the Memorandum of Understanding between the Government of the Republic of India and the Government of the United Kingdom of Great Britain and Northern Ireland on mutual recognition of academic qualifications.

Mutual Recognition of Qualifications between India and the UK aims to promote academic collaboration and student mobility.

The request from the UK side to grant recognition to their One Year Masters Programme was considered, and during the meeting between the Education Ministers of the two countries held on 16 December 2020 in New Delhi, a decision was taken to set up a joint task force for this purpose.

Professional degrees like Engineering, Medicine, Nursing and Para-Medical Education, Pharmacy, Law, and Architecture are out of the purview of this MoU.

It will also facilitate the establishment of Joint/Dual degree courses between Higher Education Institutions, one of our objectives under NEP 2020 for the Intel-nationalization of Education.

SBI Clerk Mains Mock Test - 8 - Question 18

The Human Development Index (HDI) measures which of the following to decide the rank of a country?

1. Life expectancy

2. Literacy and education

3. Forex reserves as a percentage of total GDP

Detailed Solution for SBI Clerk Mains Mock Test - 8 - Question 18
The Human Development Index (HDI) is a statistic composite index of life expectancy, education, and per capita income indicators, which are used to rank countries into four tiers of human development. A country scores a higher HDI when the lifespan is higher, the education level is higher, and the gross national income GNI (PPP) per capita is higher. It was developed by Pakistani economist, Mahbub ul Haq, with help from Gustav Ranis of Yale University and Meghnad Desai of the London School of Economics, and was further used to measure a country's development by the United Nations Development Programme's (UNDP) Human Development Report Office.
SBI Clerk Mains Mock Test - 8 - Question 19

As per the report Hon’ble President Smt. Droupadi Murmu will virtually launch the Pradhan Mantri TB Mukt Bharat Abhiyaan on September 9th to reinvigorate the mission of TB elimination from the country by _____________-.

Detailed Solution for SBI Clerk Mains Mock Test - 8 - Question 19
Hon’ble President Smt. Droupadi Murmu will virtually launch the Pradhan Mantri TB Mukt Bharat Abhiyaan on September 9th to reinvigorate the mission of TB elimination from the country by 2025.

Prime Minister Shri Narendra Modi gave the clarion call to end TB in the country five years ahead of the SDG target of 2030 at the Delhi End TB Summit in March 2018

The Pradhan Mantri TB Mukt Bharat Abhiyaan has been envisioned to bring together all community stakeholders to support those on TB treatment and accelerate the country’s progress towards TB elimination. The hon’ble President will also launch the Ni-kshay Mitra initiative which forms a vital component of the Abhiyaan.

The Ni-kshay Mitra portal provides a platform for donors to provide various forms of support to those undergoing TB treatment. The three-pronged support includes nutritional, additional diagnostic, and vocational support.

The donors, called Ni-kshay Mitras, could be a wide range of stakeholders from elected representatives, and political parties, to corporates, NGOs, and individuals.

The launch event aims to highlight the need for a societal approach that brings together people from all backgrounds into a Jan Andolan to achieve the ambitious target of eliminating TB from the country by 2025.

Pradhan Mantri TB Mukt Bharat Abhiyaan is a step towards garnering community support for a patient-centric health system.

SBI Clerk Mains Mock Test - 8 - Question 20

Securitisation and Reconstruction of Financial Assets and Enforcement of Security lnterest Act relates to

Detailed Solution for SBI Clerk Mains Mock Test - 8 - Question 20
The Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 (also known as the SARFAESI Act), is an Indian law. It allows banks and other financial institutions to auction residential or commercial properties (of the defaulter) to recover loans. The first asset reconstruction company (ARC) of India, ARCIL, was set up under this act.

Under this act, secured creditors (banks or financial institutions) have many rights for enforcement of security interest under Section 13 of SARFAESI Act, 2002.

SBI Clerk Mains Mock Test - 8 - Question 21

_______________ government will launch an ambitious scheme Indira Gandhi Urban Employment Scheme to provide 100 days of employment to needy families in urban areas on the lines of the rural employment guarantee scheme MGNREGA.

Detailed Solution for SBI Clerk Mains Mock Test - 8 - Question 21
The Rajasthan government will launch an ambitious scheme to provide 100 days of employment to needy families in urban areas on the lines of the rural employment guarantee scheme MGNREGA.

More than 2.25 lakh families have already registered for the Indira Gandhi Urban Employment Scheme which was proposed by chief minister Ashok Gehlot in the state budget this year.

An official said the scheme to be launched on September 9 would cover works like environment protection, water and heritage conservation, garden maintenance, and removing encroachments, illegal sign boards, hoardings, banners, etc. Sanitation, cleanliness, and other such works will also be undertaken under the scheme.

People from the age group of 18 to 60 are eligible for the scheme. Interested families will get 100 days of employment.

The state government has allocated Rs 800 crore for the scheme. Ministers in charge of districts will launch the scheme in their respective areas.

The ratio of material cost and remuneration cost for getting the work approved and executed of a "general nature" will be 25:75, while the ratio will be reversed for the works of a "special nature".

SBI Clerk Mains Mock Test - 8 - Question 22

Which of the following is a foreign rating agency?

Detailed Solution for SBI Clerk Mains Mock Test - 8 - Question 22
Standard & Poor's Financial Services LLC (S&P) is an American financial services company. It is a division of S&P Global that publishes financial research and analysis on stocks, bonds, and commodities. S&P is known for its stock market indices, such as the U.S. based S&P 500, the Canadian S&P/TSX, and the Australian S&P/ASX 200. S&P is considered one of the Big Three credit rating agencies, which also include Moody's Investors Service and Fitch Ratings. Its head office is at New York.
SBI Clerk Mains Mock Test - 8 - Question 23

_____________ launched the online portal of the MRSSA to enhance the security vetting of the tenants and ensure the safety and security of citizens of the state.

Detailed Solution for SBI Clerk Mains Mock Test - 8 - Question 23
Chief Minister Conrad Sangma launched the online portal of the Meghalaya Residents Safety and Security Act (MRSSA) to enhance security vetting of the tenants and ensure the safety and security of citizens of the state.

Initially, the MRSSA will be implemented in seven localities - Nongrim Hills, Lapalang, Nongrah, Nongmensong, Pohkseh, Riat Laban, and Wahdienglieng- in the East Khasi Hills district to prevent anti-social elements from gaining shelter in the State which might be detrimental to peace and tranquility.

Meghalaya Cabinet approved the Meghalaya Ropeway Bill 2022.

The Shillong Peak Ropeway will be the first ropeway in Meghalaya. It will connect Shillong peak to Lawsohtun with an estimated cost of Rs 140 Cr.

The bill will give provide detailed guidelines for the applications of the ropeways. It will also lay guidelines for licenses and safety measures.

Meghalaya Cabinet has also approved Meghalaya State Consumer Protection (Mediation) Rules, 2022.

It will help in resolving consumer protection issues and ensure arbitrations at the District level.

SBI Clerk Mains Mock Test - 8 - Question 24

Which city, in October 2022, started administering an inhalable vaccine against Covid-19, apparently a world first?

Detailed Solution for SBI Clerk Mains Mock Test - 8 - Question 24
Authorities in Shanghai, in October 2022, started administering an inhalable vaccine against Covid-19, apparently a world first. The vaccine was offered for free as a booster dose for previously vaccinated people.

The vaccine is a mist that is sucked in through the mouth.

The inhalable vaccine was developed by the Chinese biopharmaceutical company CanSino Biologics Inc. as an aerosol version of its one-shot adenovirus vaccine, which uses a relatively harmless cold virus.

SBI Clerk Mains Mock Test - 8 - Question 25

As per the report which of the following organization has sought to form a Just Energy Transition Partnership (JETP)?

Detailed Solution for SBI Clerk Mains Mock Test - 8 - Question 25
G7 countries have urged India to be part of the Just Energy Transition Partnership (JETP) that will help finance the quick establishment of clean energy projects in the country.

It is capable of reducing India’s dependence on coal.

India has not responded to the partnership offer. If India will accept the offer, it is likely to be announced during COP27.

The concept of JETP started at COP26 with South Africa when France, UK, the US, Germany, and the EU- the International Partners Group committed to grant $8.5 billion over 3 to 5 years to support the national climate plan of South Africa.

After this G7 in June 2022 announced that G7 is working with India, Indonesia, and Vietnam on similar partnerships

G7 is an international intergovernmental economic organization of the world’s seven advanced economies.

Members- Canada, Japan, Italy, France, Germany, the United States, and the United Kingdom. Its headquarters is located in Taormina, Italy.

SBI Clerk Mains Mock Test - 8 - Question 26

In India, reverse mortgage is a facility offered by banks, generally to

Detailed Solution for SBI Clerk Mains Mock Test - 8 - Question 26
Reverse mortgage is a facility offered by banks, generally to senior citizens.

A reverse mortgage is a mortgage loan, usually secured over a residential property, that enables the borrower to access the unencumbered value of the property. The loans are typically promoted to older homeowners and typically do not require monthly mortgage payments. Borrowers are still responsible for property taxes and homeowner's insurance. Reverse mortgages allow elders to access the home equity that they have built up in their homes now, and defer payment of the loan until they die or sell, or move out of the home. Because there are no required mortgage payments on a reverse mortgage, the interest is added to the loan balance each month.

SBI Clerk Mains Mock Test - 8 - Question 27

As per the report, India will be hosting a maiden MotoGP World Championships race, labeled as ‘Grand Prix of Bharat’, at __________.

Detailed Solution for SBI Clerk Mains Mock Test - 8 - Question 27
In a significant boost for the stagnant Indian motorsport scene, the country will be hosting a maiden MotoGP World Championships race, labeled as the ‘Grand Prix of Bharat’, at the Buddh International Circuit in Greater Noida next year.

MotoGP commercial rights owner Dorna and Noida-based race promoters Fair Street Sports signed a Memorandum of Understanding (MoU) to host the premier two-wheel racing event in India for the next seven years.

Riders from as many as 19 countries will participate in the event, which will give a major push to trade and tourism in the country, besides generating employment.

MotoGP also has plans to also introduce MotoE into the Indian racing scenario which will not only be a first in Asia but a significant green initiative with net zero carbon emissions.

The Buddh International Circuit, which will be hosting the MotoGP race, was once home to the Formula 1 Indian Grand Prix, held for three consecutive years from 2011 to 2013 before it was discontinued due to financial, tax, and bureaucratic hurdles.

SBI Clerk Mains Mock Test - 8 - Question 28

Which of the following is not a commercial bank?

Detailed Solution for SBI Clerk Mains Mock Test - 8 - Question 28
The Reserve Bank of India is India's central banking institution, which controls the issuance and supply of the Indian rupee. Until the Monetary Policy Committee was established in 2016, it also controlled monetary policy in India.
SBI Clerk Mains Mock Test - 8 - Question 29

Recently,___________ announced a sale and leaseback tie-up with U.S.-based Willis Lease Finance Corporation for 34 CFM engines installed on 17 of its Airbus A320 family aircraft.

Detailed Solution for SBI Clerk Mains Mock Test - 8 - Question 29
Air India announced a sale and lease back tie-up with U.S.-based Willis Lease Finance Corporation for 34 CFM engines installed on 17 of its Airbus A320 family aircraft.

The alliance involves Willis Lease buying 34 engines and providing spare and replacement engines, helping the airline avoid costly and unpredictable shop visits, the former national air carrier said in a statement.

Willis Lease will also have an in-country team to coordinate and manage the program and all logistics and transportation involved.

SBI Clerk Mains Mock Test - 8 - Question 30

When was National Housing Bank established?

Detailed Solution for SBI Clerk Mains Mock Test - 8 - Question 30
National Housing Bank (NHB), a Government of India owned entity, was set up on 9 July 1988 under the National Housing Bank Act, 1987. NHB is an apex financial institution for housing. NHB registers, regulates and supervises Housing Finance Company (HFCs), keeps surveillance through On-site & Off-site Mechanisms and co-ordinates with other Regulators.
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