SBI PO 2017 General Awareness Quiz 1

1 . In which year Punjab National Bank was established ? A). 1880 B). 1887 C). 1894 D). 1900 Answer & Explanation Answer : Option C Explanation : Punjab National Bank was established in concurrent list. the year 1894 View Answer 2 . Consider the following statements about Multidimensional Poverty Index (MPI) (A) MPI focuses on education, health & living standard as a supplement to income based measure of poverty (B) India ranks 63rd in MPI based poverty ranking among 104 developing countries. (C) Bihar is the second poorest state in India on the basis of MPI based poverty ranking. Which of above statement(s) is/ are true ? A). Only A and B B). Only B and C C). Only A and C D). All A, B and C Answer & Explanation Answer : Option A Explanation : View Answer 3 . What is the upper limit of RTGS transactions in India ? A). No limit B). Rs. 10 Lacs C). Rs. 50 Lacs D). Rs. 20 Lacs Answer & Explanation Answer : Option A Explanation : View Answer 4 . Open unemployment refers to people- A). Who are not willing to work B). Who are willing but do not get work C). Who leave their jobs in search of better jobs D). None of these Answer & Explanation Answer : Option B Explanation : In Open umemployment people are willing to work but they do not get it. View Answer 5 . 'Open Market Operation' is a part of- A). Income Policy B). Fiscal Policy C). Credit Policy D). Labour Policy Answer & Explanation Answer : Option C Explanation : Credit Policy (also called monetary policy) View Answer 6 . SDR, the currency of the IMF , is in the form of- A). Paper Currency B). Gold C). Silver and Gold both D). Book Keeping entry only Answer & Explanation Answer : Option D Explanation : Book Keeping entry only View Answer 7 . Which of the statements given below is/are incorrect ? (A) United Stock Exchange is the fourth country level exchange of India. (B) It is headquartered at Mumbai. (C) It will trade in six foreign currency derivatives. A). Only A and B B). Only B and C C). Only A and C D). Only C Answer & Explanation Answer : Option D Explanation : United Stock Exchange will function in four currency derivatives. View Answer 8 . In India, National income is estimated by ? A). Planning Commission B). Indian Statistical Institute C). Central Statistical Office D). National Sample Survey Organisation Answer & Explanation Answer : Option C Explanation : Central Statistical Organisation View Answer 9 . Hindu Rate of Growth refers to the rate of growth of A). GDP B). Population C). Foodgrains D). Per Capita Income Answer & Explanation Answer : Option A Explanation : GDP View Answer 10 . Which one of the following is not an objective of fiscal policy of Indian Government ? A). Full employment B). Regulation of Inter-state-trade C). Price stability D). Equitable distribution of wealth and Income Answer & Explanation Answer : Option B Explanation : Regulation of inter-state trade View Answer