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SNAP GK Test - 4

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Which of the following is the correct meaning of ‘IPO price’ in banking terminology?

  1. A notice sent to a client that it must provide money to satisfy a minimum margin requirement set by an Exchange or by a bank/broking firm

  2. Quotation of the Initial Public Offering company’s shares on the stock exchange for trading

  3. The price of share set before being traded on the stock exchange

  4. The date on which Initial Public Offering stocks are first traded on the stock exchange by the public


Correct Option: C

Nuclear units’ lists, which contain the names of nuclear units of the two countries, are exchanged between India and Pakistan as a custom and part of Agreement on Prohibition of Attacks against Nuclear Installations and Facilities. When was this agreement signed?

  1. December 1988

  2. August 1999

  3. April 2003

  4. January 2011


Correct Option: A

Following long negotiations, North and South Korea have decided to reopen their Kaesong joint industrial park, which had been shut during heightened military tensions between the two nations. The idea of the park had come into being through the “sunshine” reconciliation policy initiated in the late 1990s as a symbol of cooperation. Which President of South Korea had initiated this "sunshine" policy?

  1. Kim Dae-jung

  2. Kim Young-sam

  3. Roh Moo-hyun

  4. Kim Yong-dan


Correct Option: A

The Bombay High Court ruled in favour of which mobile service provider in the Rs. 3200 crore tax dispute case?

  1. Vodafone

  2. Bharati Airtel

  3. BSNL

  4. Idea Cellular

  5. Reliance Communications


Correct Option: A
Explanation:

Correct option is (1).

Which of the following banks of Switzerland became the first foreign bank to plead guilty in the United States for the case of tax evasion?

  1. Credit Swiss

  2. Swiss National Bank

  3. Hyposwiss Private Bank

  4. Wegelin & Co


Correct Option: D

In which country is Kaspersky Lab (a cyber security firm, which revealed that India has been one among various nations hit by the cyber spying targeting governmental, diplomatic and scientific research organisations for around 5 years) located?

  1. The US

  2. The UK

  3. France

  4. Russia


Correct Option: D

The National Social Assistance Scheme was launched in August 1995. This scheme comes under

  1. Ministry of Human Resource and Development

  2. Ministry of Health and Family Welfare

  3. Ministry of Rural Development

  4. Ministry of Women and Child Development


Correct Option: C

DGCA has been replaced with a new aviation regulator with full operational and financial autonomy. What is the name of the new regulator?

  1. Aviation Board of India

  2. Aviation Authority of India

  3. Civil Aviation Authority of India

  4. Civil Aviation Authority


Correct Option: D

Marginal Standing Facility (MSF) is a scheme announced by the Reserve Bank of India (RBI) in its Monetary Policy and refers to the penal rate at which banks can borrow money from the central bank over and above what is available to them through the LAF window. In which year did this scheme come into effect?

  1. 2010

  2. 2011

  3. 2012

  4. 2013


Correct Option: B

Who among the following won his maiden ATP Shanghai Masters trophy in October 2014?

  1. Briton Andy

  2. Gilles Simon

  3. Roger Federer

  4. Andy Murray

  5. Julien Benneteau


Correct Option: C
Explanation:

Correct option is (3).

_____ is not a financial regulator.

  1. IRDA

  2. PFRDA

  3. AMFI

  4. SEBI


Correct Option: C
Explanation:

AMFI is not a financial regulator. AMFI was set up in 1997 and market regulator SEBI had asked the organisation to function as an SRO to perform frontline regulation. The Association of Mutual Funds of India has dropped the idea of acting as the industry’s self-regulatory organisation, although such a system is the hallmark of mature markets around the world. 

With reference to the National Policy on Education, consider the following: (1) Universal access and enrolment (2) Universal retention of children up to 16 years of age (3) Revival of Sanskrit and other classical languages for contemporary use

Which of these statements is/are incorrect?

  1. Only 1

  2. Both 1 and 3

  3. Only 3

  4. Only 2


Correct Option: D
Explanation:

Statement 2 is incorrect. National Policy of Education is emphasised on universal retention of children up to 14 years of age.

A democratic government does not try to secure

  1. social equality

  2. political equality

  3. economic equality

  4. equality of work


Correct Option: D
Explanation:

A democratic government does not try to secure equality of work. Democracy is a form of government in which all eligible citizens have an equal say in the decisions that affect their lives. Democracy allows people to participate equally either directly or through elected representatives in the proposal, development and creation of laws.

In which year was the first International Day of the Girl Child observed?

  1. 2009

  2. 2010

  3. 2011

  4. 2012

  5. 2013


Correct Option: C
Explanation:

Correct option is (3).

The administrative control of Forward Markets Commission (FMC), the chief regulator of Forwards and Futures Commodity Markets in India, has been transferred to the Ministry of Finance from which ministry/department by an order of the Government of India?

  1. Ministry of Commerce

  2. Planning Commission

  3. SEBI

  4. Ministry of Consumer Affairs, Food and Public Distribution


Correct Option: D

The Concurrent List or List-III is a list of 47 items given in Part XI of the Constitution of India. Part XI consists of articles on which of the following aspects?

  1. The Scheduled and Tribal Areas

  2. Trade and Commerce within the territory of India

  3. Temporary, Transitional and Special Provisions

  4. Relations between the Union and the States


Correct Option: D

Brazil has overtaken India in the production of which of the following crops to become number one in the world?

  1. Sugarcane

  2. Wheat

  3. Cotton

  4. Rice


Correct Option: A
Explanation:

Brazil led the world in sugarcane production in 2011 with a 734 000 TMT harvest. India was the second largest producer with 342 382 TMT, and China the third largest producer with 115 125 TMT harvest. 

The South East Asian Regional Organisation (SEARO) is one of the six regions of WHO. Where is SEARO headquartered?

  1. New Delhi

  2. Dhaka

  3. Jakarta

  4. Seoul


Correct Option: A

Which Health and Family Welfare Minister launched the National Mental Health Policy of India?

  1. C. P. Thakur

  2. Sushma Swaraj

  3. Harsh Vardhan

  4. Ghulam Nabi Azad

  5. Anbumani Ramadoss


Correct Option: C
Explanation:

Correct option is (3).

Which rank does India hold in the global production of rice?

  1. First

  2. Second

  3. Third

  4. Fourth


Correct Option: B

Consider the following statements regarding the workmen's compensation. The compensation is paid to the worker according to the damage as follows:

(a) In case of death: The family will continue to receive the last monthly wage of the deceased workman as pension till the scheduled date of his retirement. (b) In case of total permanent disablement: 50% of the monthly wage, multiplied by the relevant factor or Rs. 24,000; whichever is more. (c) In case of partial permanent disablement: The compensation is a percentage of that payable in the case of total permanent disablement. The earning capacity is determined by a qualified medical practitioner.

Which of the given statements are true?

  1. Only b and c

  2. Only a and c

  3. Only a and b

  4. All of these

  5. None of these


Correct Option: A

The Man Booker Prize promotes the finest in fiction by rewarding the very best book of the year written by a citizen of the United Kingdom, the Commonwealth or the Republic of Ireland. When was the Man Booker Prize instituted?

  1. 1963

  2. 1969

  3. 1973

  4. 1977


Correct Option: B

What is the definition of repo rate in the banking sector?

  1. The rate at which the central bank of a country lends money to commercial banks in the event of any shortfall of funds

  2. The amount of funds that the banks have to keep with the central bank

  3. The rate at which the central bank borrows money from commercial banks

  4. The amount that the commercial banks are required to maintain in the form of gold or govt. approved securities before providing credit to the customers


Correct Option: A

Which of the following is/are used for deficit financing in India?

  1. Printing new currency
  2. Borrowing from RBI
  3. Borrowing from commercial banks
  1. Only 3

  2. Only 2 and 3

  3. Only 1 and 3

  4. All of these


Correct Option: D
Explanation:

Correct Answer: All of these

Who is/was the first ever woman chairperson of the State Bank of India?

  1. Arundhati Bhattacharya

  2. Naina Lal Kidwai

  3. Shikha Sharma

  4. Renuka Ramnath


Correct Option: A
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