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Q:

Which country has been started world's first carbon capture plant in October 2017?

 

A) China B) Italy
C) Japan D) Iceland

Answer:   D) Iceland



Explanation:
Subject: General Awareness
Exam Prep: Bank Exams
Q:

IRDAI has given its approval to LIC for the stake purchase, that will help get a capital support of Rs 10,000- 13,000 crore in which of the following state-owned banks?

A) Union Bank of India B) IDBI Bank
C) United Bank of India D) Indian Bank
 
Answer & Explanation Answer: B) IDBI Bank

Explanation:

Life Insurance Corporation of India is all set to become a knight in shining armour for the ailing IDBI Bank. In a first-of-its-kind transaction, the Insurance Regulatory and Development Authority of India (IRDAI) has approved a proposal allowing the former to acquire a majority stake in the bank.

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Q:

A non-trading company used as a vehicle for various financial manoeuvres or kept dormant for future use in some other capacity?

A) Chit Funds B) Shell companies
C) Nidhi Companies D) Indigenous Bankers
 
Answer & Explanation Answer: B) Shell companies

Explanation:

A non-trading company used as a vehicle for various financial manoeuvres or kept dormant for future use in some other capacity is known as shell companies.

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Q:

Indira Sagar dam is located in which Indian State/City?

A) Chhattisgarh B) Gujarat
C) Maharashtra D) Madhya Pradesh
 
Answer & Explanation Answer: D) Madhya Pradesh

Explanation:

Indira Sagar dam is located in Madhya Pradesh.

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Q:

Assumption island is located in which country?

A) Seychelles B) Maldives
C) Mauritius D) Sri Lanka
 
Answer & Explanation Answer: A) Seychelles

Explanation:

Assumption Island is located in Seychelles. Assumption Island is a small island situated southwest of Seychelles main and largest island of Mahe. It is situated very close to the Mozambique Channel from where much Indian Ocean maritime routes pass. Its location lends its strategic importance for monitoring shipping in the Mozambique Channel.

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Q:

Which institute launches Bharat Inclusive Initiative?

A) IIT Bombay B) IIM Ahmedabad
C) IIT Kharagpur D) IIM Calcutta
 
Answer & Explanation Answer: B) IIM Ahmedabad

Explanation:

IIM Ahmedabad launches Bharat Inclusive Initiative.
IIM-Ahmedabad’s Centre for Innovation, Incubation and Entrepreneurship (CIIE) has launched a Bharat Inclusion Initiative to build knowledge and foster innovation and entrepreneurial activity across areas such as financial inclusion, livelihood, education and
health. Centre for Innovation Incubation and Entrepreneurship (CIIE) at IIM Ahmedabad helps entrepreneurs turn ideas into viable businesses.

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Q:

CBLO, a money market instrument that represents an obligation between a borrower and a lender as to the terms and conditions of a loan. What does 'C' stand for in CBLO?

A) Clearing B) Culminative
C) Collateralized D) Credit
 
Answer & Explanation Answer: C) Collateralized

Explanation:

CBLO stands for Collateralized Borrowing and Lending Obligation. CBLO is a money market instrument that represents an obligation between a borrower and a lender as to the
terms and conditions of a loan. So, C stands for Collateralized.

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Q:

What does “L” stand for in PMLA?

A) Leverage B) Limit
C) Lending D) Liberalised
 
Answer & Explanation Answer:

Explanation:

PMLA stands for Prevention of Money Laundering Act, 2002. So, L stands for Laundering. Prevention of Money Laundering Act, 2002 is an Act of the Parliament of India enacted by the NDA
government to prevent money-laundering and to provide for confiscation of property derived from money-laundering.

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Q:

Malabo is the capital of which country?

A) Rwanda B) Zambia
C) Equatorial Guinea D) Panama
 
Answer & Explanation Answer: C) Equatorial Guinea

Explanation:

Malabo is the capital of Equatorial Guinea.

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