GK Quiz: For Banking Examinations

Ques.1. Which of the following may be the possible fallout(s) when a life insurance policy is lapsed due to non-payment of the premiums?

1) Death/accident benefit claim will not be available.      

2) Bonus (share of surplus of the insurer) will not be available.

3) If lapsed before it acquires paid-up value, the premiums paid to the insurer are forfeited.

4) If lapsed within the first two years for a conventional   life policy, the income tax rebate claimed earlier is disallowed and the deduction is added as income of the relevant year.

5) All the above

All the above

Ques.2.   Which of the following companies has been ranked on top in the world in the

recently released ‘Fortune 500’ list?

1) Walmart Stores          2) Exxon Mobil

3) Toyota Motors           4) Royal Dutch Shell

5) None of these

Royal Dutch Shell

Ques.3.  Which of the following pairs of Indian companies and their overseas acquisitions is not matched correctly?

1) Tata Motors – Jaguar Land Rover       2) Mahindra and Mahindra – Ssangyong

3) Apollo Tyres – Cooper Tires                  4) Hero Moto Corp – AVL

5) None of these

Hero Moto Corp- AVL

Ques.4.  Examine the following statements with respect to recent announcement made by the market regulator SEBI regarding buyback norms for the companies and choose the correct statement(s):

1) The companies are now required to buy back share amounting to at least 50 per cent of the amount earmarked up from 25 per cent.

2) A fourth of the buy back  proceeds will have to be put in the   escrow account

3) The companies are now barred from further capital- raising for 12 months from the closure of the offer.           

4) All the above

5) None of these

All the above

Ques.5.  Expand the term USOF.          

1) Universal Serial Obligation Fund

2) Universal Service Obligation Fund

3) Universal Serious Obligation Fund

4) Universal Stock Obligation Fund

5) None of these           Ans.) 2

Universal Service Obligation Fund

Ques.6.  India was the world’s largest importer of arms last year and is trying hard to reverse this reality. India aims to procure ………………….per cent of defence supplies locally in a decade.

1) 25     2) 50

3) 75     4) 100

5) None of these

75

Ques.7. Which of the following companies has been ranked on top among Indian firms in the recently release ‘Fortune 500’ list?

1) Reliance Industries     2) Tata Steel

3) Indian Oil                      4) State Bank of India

5) None of these           Ans.) 3

Indian Oil

Ques. 8.  A high-level committee on manufacturing chaired by the Prime Minister has set the target to hike the steel production capacity of the country from current 120mt to            mt by

2025.

1) 150   2) 200

3) 250   4) 300

5) None of these

300

Ques.9. ‘Anna Bhagya’ scheme to distribute 30kg foodgrain at Re1/kg has been launched in which of the following southern states of India?

1) Kerala           2) Karnataka

3) Tamil Nadu    4) Andhra Pradesh

5) None of these

Karnataka

Ques.10. The World Population Day is observed on which of the following days?           

1) Jul 11            2) Jul 12

3) Jul 13            4) Jul 15

5) None of these

Jul 11