IBPS PO General Awareness: General and Banking Awareness questions with solutions

Q1. As per the revised norms by the RBI, the ceiling on the quantum of public deposits held by deposit-taking Housing Finance Companies (HFCs) has been reduced from 3 times of net owned funds to what revised limit?

1. 1.0 times
2. 1.25 times
3. 0.5 times
4. 2.0 times

Answer: 1.25 times

RBI revised the ceiling on public deposits for deposit-taking HFCs from 3 times of net owned funds to 1.25 times. This was done to tighten prudential norms and reduce deposit-related risk.

Q2. The National Centre for Financial Education (NCFE) is a Section 8 (Not-for-Profit) company promoted by all of the following financial sector regulators except:

1. Reserve Bank of India (RBI)
2. Securities and Exchange Board of India (SEBI)
3. Insurance Regulatory and Development Authority of India (IRDAI)
4. Pension Fund Regulatory and Development Authority (PFRDA)

Answer: Pension Fund Regulatory and Development Authority (PFRDA)

NCFE is promoted by RBI, SEBI, IRDAI, and the Ministry of Finance, not by PFRDA. Hence, PFRDA is the exception among the given options.

Q3. As of July 2024, the Indian Railways has made significant progress in implementing the Kavach system, which involves various activities to enhance train safety. According to the latest update, on how many route kilometres has the Kavach system been successfully deployed?

1. 1,220 Route km
2. 1,465 Route km
3. 1,750 Route km
4. 1,305 Route km

Answer: 1,305 Route km

Kavach is Indian Railways' indigenous train collision avoidance system. As of July 2024, it had been deployed on 1,305 route km, making that the correct figure.

Q4. As of March 2024, what was the Gross Merchandise Value (GMV) achieved by the Government e-Marketplace (GeM) during the financial year 2023–24 (FY24), reflecting a significant surge in public procurement?

1. ₹2.01 Lakh Crore
2. ₹3.5 Lakh Crore
3. ₹4 Lakh Crore
4. ₹4.5 Lakh Crore

Answer: ₹4.5 Lakh Crore

GeM reported a sharp rise in procurement during FY24. The GMV achieved was ₹4.5 lakh crore, which matches the latest reported figure in the question.

Q5. As per the Reserve Bank of India's (RBI) four-tiered regulatory framework for Urban Cooperative Banks (UCBs), what are the minimum Capital Adequacy Ratio (CAR) requirements for Tier-1 UCBs and Tier 2–4 UCBs, respectively?

1. 8% for Tier-1 and 10% for Tier 2–4
2. 9% for Tier-1 and 12% for Tier 2–4
3. 10% for Tier-1 and 11% for Tier 2–4
4. 9% for Tier-1 and 10% for Tier 2–4

Answer: 9% for Tier-1 and 12% for Tier 2–4

Under RBI's four-tier framework for UCBs, Tier-1 banks are required to maintain a minimum CAR of 9%, while Tier 2–4 banks must maintain 12%. This reflects stricter norms for larger and more systemically important UCBs.

Q6. In July 2024, Meta announced the release of Llama 3.1, which is claimed to be the "world's largest and most capable openly available foundation model." How many parameters does the most capable version of Llama 3.1 have?

1. 700 billion
2. 100 billion
3. 405 billion
4. 200 billion

Answer: 405 billion

Meta's Llama 3.1 was announced in July 2024, and its most capable version has 405 billion parameters. This made it one of the largest openly available foundation models at the time.

Q7. As of October 2024, the Securities and Exchange Board of India (SEBI) raised the position limit for trading members in index futures and options contracts to what amount, or 15% of the total open interest, whichever is higher?

1. ₹5,700 crore
2. ₹6,500 crore
3. ₹7,100 crore
4. ₹8,200 crore

Answer: ₹8,200 crore

SEBI increased the position limit for trading members in index futures and options to ₹8,200 crore or 15% of total open interest, whichever is higher. This was part of measures related to derivatives market risk management.

Q8. As per the Reserve Bank of India (RBI) regulations, what is the minimum Net Owned Fund (NOF) requirement for a Non-Banking Financial Company (NBFC) in India to ensure financial stability and consumer protection?

1. ₹5 crore
2. ₹8 crore
3. ₹12 crore
4. ₹10 crore

Answer: ₹10 crore

RBI prescribes a minimum Net Owned Fund of ₹10 crore for NBFCs as a basic eligibility requirement. This helps ensure that only adequately capitalized entities operate as NBFCs.

Q9. Grand Central Terminal, Park Avenue, New York is the world's

1. largest railway station
2. highest railway station
3. longest railway station
4. None of the above

Answer: largest railway station

Grand Central Terminal in New York is widely known as the world's largest railway station by area. It is not the highest or longest station, so the correct choice is the one referring to size.

Q10. Entomology is the science that studies

1. Behavior of human beings
2. Insects
3. The origin and history of technical and scientific terms
4. The formation of rocks

Answer: Insects

Entomology is the branch of zoology that studies insects. The other options refer to psychology, etymology, and geology respectively.

Q11. Eritrea, which became the 182nd member of the UN in 1993, is in the continent of

1. Asia
2. Africa
3. Europe
4. Australia

Answer: Africa

Eritrea is located in the Horn of Africa, along the Red Sea. Therefore, its continent is Africa.

Q12. Garampani Sanctuary is located at

1. Junagarh, Gujarat
2. Diphu, Assam
3. Kohima, Nagaland
4. Gangtok, Sikkim

Answer: Diphu, Assam

Garampani Sanctuary is located in Diphu in the Karbi Anglong district of Assam. The other options are in different states.

Q13. For which of the following disciplines is the Nobel Prize awarded?

1. Physics and Chemistry
2. Physiology or Medicine
3. Literature, Peace and Economics
4. All of the above

Answer: All of the above

Nobel Prizes are awarded in Physics, Chemistry, Physiology or Medicine, Literature, Peace, and Economic Sciences. Since all listed disciplines are included, the correct answer is all of the above.

Q14. ICICI is the name of a

1. chemical industry
2. bureau
3. corporation
4. financial institution

Answer: financial institution

ICICI refers to a financial institution in India. It is associated with banking and credit services, so the correct choice is the one describing a financial institution.

Q15. Gilt-edged market means

1. bullion market
2. market of government securities
3. market of guns
4. market of pure metals

Answer: market of government securities

The gilt-edged market is the market for government securities. These instruments are regarded as highly secure, hence the term gilt-edged.

Q16. In the last one decade, which one among the following sectors has attracted the highest foreign direct investment inflows into India?

1. Chemicals other than fertilizers
2. Services sector
3. Food processing
4. Telecommunication

Answer: Telecommunication

Telecommunication has attracted very high FDI inflows in India due to rapid expansion, privatization, and large capital requirements. Compared with the other listed sectors, it has been a major recipient of foreign investment.

Q17. Which of the following societies has instituted an award for an outstanding parliamentarian?

1. Jamanlal Bajaj Foundation
2. Institute of Constitutional and Parliamentary Studies
3. G. B. Pant Memorial Society
4. R. D. Birla Samara Kosh

Answer: G. B. Pant Memorial Society

The G. B. Pant Memorial Society is known for instituting an award for an outstanding parliamentarian. The other options are associated with different institutions or foundations.

Q18. The Centre for Cellular and Molecular Biology is situated at

1. Patna
2. Jaipur
3. Hyderabad
4. New Delhi

Answer: Hyderabad

The Centre for Cellular and Molecular Biology (CCMB) is located in Hyderabad. It is a premier research institute under CSIR.

Q19. Where is the Railway Staff College located?

1. Pune
2. Allahabad
3. Vadodara
4. Delhi

Answer: Vadodara

The Railway Staff College is located in Vadodara, Gujarat. It is the premier training institute for Indian Railways officers.

Q20. The famous Dilwara Temples are situated in

1. Uttar Pradesh
2. Rajasthan
3. Maharashtra
4. Madhya Pradesh

Answer: Rajasthan

The Dilwara Temples are situated in Rajasthan, at Mount Abu. They are renowned for their marble architecture.

Q21. Wadia Institute of Himalayan Geology is located at

1. Delhi
2. Shimla
3. Dehradun
4. Kullu

Answer: Dehradun

The Wadia Institute of Himalayan Geology is located in Dehradun. It is a research institute dedicated to Himalayan geology.

Q22. Bijapur is known for its

1. severe drought condition
2. Gol Gumbaz
3. heavy rainfall
4. statue of Gomateswara

Answer: Gol Gumbaz

Bijapur is best known for Gol Gumbaz, the mausoleum of Muhammad Adil Shah. It is a major historical monument in Karnataka.

Q23. In which decade was the American Institute of Electrical Engineers (AIEE) founded?

1. 1850s
2. 1880s
3. 1930s
4. 1950s

Answer: 1880s

The American Institute of Electrical Engineers (AIEE) was founded in 1884, which falls in the 1880s. The other decades are too early or too late.

Q24. What is part of a database that holds only one type of information?

1. Report
2. Field
3. Record
4. File

Answer: Field

A field is a database component that stores one type of information, such as name or age. A record contains multiple fields, while a file contains many records.