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Question 221

LIC ADO 2019• General Knowledge, Current Affairs and English Language

Who was conferred with highest award to honor foreign nationals by the Maldives Rule of Nishan Izzuddeen’ in 2019?

  1. AOption (a)

    Xi Jinping

  2. BOption (b)

    Narendra Modi

  3. COption (c)

    Imran Khan

  4. DOption (d)

    Ram Nath Kovind

  5. EOption (e)

    Donald Trump

View answer & explanation

Correct answer

Answer: (b)B.

Narendra Modi

Why this answer is correct

The correct answer is Narendra Modi.

  • Narendra Modi was conferred with the highest award to honour foreign nationals by the Maldives Rule of Nishan Izzuddeen in 2019.

Key Points

  • Prime Minister Narendra Modi will be conferred with the Maldives' highest honour "Rule of Nishan Izzuddeen" during his visit to the country.
  • Modi will reach the Indian Ocean archipelago in his first bilateral visit after retaining power in the Lok Sabha polls.
  • "The Most Honourable Order of the Distinguished Rule of Nishan Izzuddeen" is the Maldives' highest honour accorded to foreign dignitaries, Foreign Minister Shahid said on Twitter.
  • Modi said India considers the country as a valued partner with whom it shares deep bonds of history and culture.
  • The prime minister visited the Maldives in November to attend President Ibrahim Solih's swearing-in ceremony.
  • The relations between India and the Maldives deteriorated after the then President Abdulla Yameen imposed an emergency on February 5 last year.
  • However, ties were back on track under Solih's presidency.

Additional Information

CountryCapitalPresidentPrime Minister
IndiaNew DelhiRam Nath KovindNarendra Modi
PakistanIslamabadArif AlviShehbaz Sharif
ChinaBeijingXi Jinping-
NepalKathmanduBidhya Devi BhandariSher Bahadur Deuba

Question 222

LIC ADO 2019• General Knowledge, Current Affairs and English Language

Who among the following became the first Lokpal of India?

  1. AOption (a)

    Dilip B Bhosale

  2. BOption (b)

    Pradip Kumar Mohanty

  3. COption (c)

    Pinaki Chandra Ghose

  4. DOption (d)

    Ajay Kumar Tripathi

  5. EOption (e)

    Meera Kumar

View answer & explanation

Correct answer

Answer: (c)C.

Pinaki Chandra Ghose

Why this answer is correct

The correct answer is Pinaki Chandra Ghose.

Key Points

  • Pinaki Chandra Ghose became the first Lokpal of India.
  • Pinaki Chandra Ghose was the first Lokpal of India since 23rd March 2019 to 2023
  • He is a retired judge of the Supreme Court of India.

Important Points

  • A Lokpal is an anti-corruption authority or body of ombudsman who represents the public interest in the Republic of India.
  • The Lokpal has jurisdiction over the central government to inquire into allegations of corruption against its public functionaries and for matters connected to corruption.
  • The Lokpal is responsible for enquiring into corruption charges at the national level while the Lokayukta performs the same function at the state level.
  • The Lokpal consists of a Chairperson and eight members. Four of the judicial members have been former Chief Justices of different High Courts and the four non-judicial members have been from All India Services/Central Services.

Question 223

LIC ADO 2019• General Knowledge, Current Affairs and English Language

Which bank has been merged with the Vijaya Bank, Dena Bank, and ______

  1. AOption (a)

    State Bank of India

  2. BOption (b)

    Indian Overseas Bank

  3. COption (c)

    State Bank of Mysore

  4. DOption (d)

    Bank of Baroda

  5. EOption (e)

    Union Bank of India

View answer & explanation

Correct answer

Answer: (d)D.

Bank of Baroda

Why this answer is correct

The correct answer is Bank of Baroda.

  • The amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda (BoB) came into effect from 1 April 2019.
  • With amalgamation with BOB to create India's third-largest bank.
  • According to the Amalgamation Scheme, Vijaya Bank shareholders would earn 402 BoB equity shares for every 1,000 shares owned.
  • In Dena Bank's case, its shareholders will receive 110 BoB shares per 1,000 shares.
  • The three-way merger announcement was among many reform initiatives undertaken by Financial Services Secretary Rajiv Kumar to make public-sector banks (PSBs) stable, robust and competitive globally.

Question 224

LIC ADO 2019• General Knowledge, Current Affairs and English Language

Which Indian cricket bowler has become the fastest Indian to claim 100 wickets in One-day Internationals?

  1. AOption (a)

    Mohammed Shami

  2. BOption (b)

    Umesh Yadav

  3. COption (c)

    Ishant Sharma

  4. DOption (d)

    Jasprit Bumrah

  5. EOption (e)

    Bhuvneshwar Kumar

View answer & explanation

Correct answer

Answer: (a)A.

Mohammed Shami

Why this answer is correct

  • Indian cricket bowler Mohammed Shami became the fastest Indian to claim 100 wickets in One-day Internationals on 23 January 2019.
  • He took 100 wickets in 56 ODI matches.
  • Before Shami, Irfan Pathan reached the 100-wicket mark in 59 ODIs, while Zaheer Khan in 65 matches, Ajit Agarkar in 67 matches, and Javagal Srinath in 68 matches.

Question 225

LIC ADO 2019• General Knowledge, Current Affairs and English Language

Where was a conference on 'The Future of Indian Banking' held on 22 February 2019?

  1. AOption (a)

    Chennai

  2. BOption (b)

    Lucknow

  3. COption (c)

    Noida

  4. DOption (d)

    New Delhi

  5. EOption (e)

    Patna

View answer & explanation

Correct answer

Answer: (d)D.

New Delhi

Why this answer is correct

  • A conference on 'The Future of Indian Banking' was held in New Delhi on 22 February 2019.
  • It was organised by NITI Aayog and the Foundation for Economic Growth and Welfare (EGROW Foundation).
  • The aim of the conference was to increase and elevate the discourse on the banking sector in India, and help develop insights to inform the continued evolution of the Indian banking sector

Question 226

LIC ADO 2019• General Knowledge, Current Affairs and English Language

The Narasimham Committee-I was set-up to suggest some recommendations for improvement in the

  1. AOption (a)

    efficiency and productivity of the financial institution

  2. BOption (b)

    banking reform process

  3. COption (c)

    export of IT sector

  4. DOption (d)

    fiscal reform process

  5. EOption (e)

    None of the above

View answer & explanation

Correct answer

Answer: (b)B.

banking reform process

Why this answer is correct

The Narasimham Committee was established under former RBI Governor M. Narasimham in August 1991 to look into all aspects of the financial system in India. The report of this committee had comprehensive recommendations for financial sector reforms including the banking sector and capital markets.

Question 227

LIC ADO 2019• General Knowledge, Current Affairs and English Language

Which of the following countries is not a member of the 'Quad' group?

  1. AOption (a)

    Japan

  2. BOption (b)

    USA

  3. COption (c)

    Germany

  4. DOption (d)

    Australia

  5. EOption (e)

    None of the above

View answer & explanation

Correct answer

Answer: (c)C.

Germany

Why this answer is correct

The correct answer is Germany.

  • The Quad Group is a group consisting of India, Japan, the USA, and Australia.
  • Thus, Germany is not a member of the Quad.

Additional Information

  • The Quadrilateral Security Dialogue (the Quad) is an informal strategic forum between the United States, Japan, Australia, and India.
  • The grouping is maintained by semi-regular summits, information exchanges, and military drills between member countries.
  • The forum was initiated as a dialogue in 2007 by Prime Minister Shinzo Abe of Japan, with the support of Vice President Dick Cheney of the US, Prime Minister John Howard of Australia, and Prime Minister Manmohan Singh of India.
  • The dialogue was paralleled by joint military exercises of an unprecedented scale, titled Exercise Malabar.
  • The diplomatic and military arrangement was widely viewed as a response to increasing Chinese economic and military power, and the Chinese government responded to the Quad by issuing formal diplomatic protests to its members.

Question 228

LIC ADO 2019• General Knowledge, Current Affairs and English Language

What is the capital of Vietnam?

  1. AOption (a)

    Ho Chi Minh

  2. BOption (b)

    Phnom Penh

  3. COption (c)

    Naypyidaw

  4. DOption (d)

    Hanoi

  5. EOption (e)

    Vinh Long

View answer & explanation

Correct answer

Answer: (d)D.

Hanoi

Why this answer is correct

Hanoi is the capital of Vietnam and the country's second largest city. The city lies on the right bank of the Red River. Hanoi is 1,760 km (1,090 mi) north of Ho Chi Minh City and 120 km (75 mi) west of Hai Phong city.

Question 229

LIC ADO 2019• General Knowledge, Current Affairs and English Language

Directions: Read the passage given below and answer the questions that follow by choosing the correct/most appropriate options:

Foxconn, which makes iPhones for Apple, says it is deepening its investment in a US electric pick-up truck firm, which could challenge Tesla's Cybertruck. The technology giant is spending up to $170m (£147.8m) on shares in the loss-making start-up Lordstown Motors. The major cash injection comes as the company aims to ramp up production of its debut model., the Endurance. Lordstown recently began building the vehicle at a former General Motors plant in the US state of Ohio. Under the deal, the world's biggest contract manufacturer of electronics bought a more than 18% stake in Lordstown, Making it the biggest investor in the company.

"Since announcing our first transaction with Foxconn more than a year ago, it has been our objective to develop a broad strategic partnership that leverages the capabilities of both companies," Lordstown's executive chairman Daniel Ninivaggi said. "Foxconn's latest investment is another step in that direction," he added. The two companies also said they would jointly develop an electric vehicle together, although they did not give further details of the plan. The tie-up came after the world's biggest electric carmaker Tesla, which is owned by multi-billionaire Elon Musk, was earlier this month reported by the Reuters news agency to be planning to start mass production of its Cybertruck at the end of 2023. That would be two years after the original target for the highly-anticipated pick-up truck that Mr. Musk unveiled in 2019.

Taiwan-based Foxconn's investment is the latest cash injection into Lordstown as it continues to run at a loss. Separately on Monday, figures for the three months to the end of September showed a net loss of $154.4m, wider than the $95.8m loss the company reported for the same time last year. Shares in Lordstown rose by almost 18% in extended trading in New York after the announcements.

Last week Foxconn agreed to a deal with Saudi Arabia's sovereign wealth fund to produce electric vehicles in the kingdom. The joint venture will operate under the brand name 'Ceer', which sounds like the Arabic word for "drive". Ceer will license technology from Germany's BMW and aims to start selling its electric vehicles in 2025.

The deal is part of Saudi Arabia's push to move its economy away from its dependence on fossil fuels. Last month Foxconn's chairman Liu Young-way said he hopes the company will one day make cars for Tesla as it ramps up electric vehicle manufacturing operation. Speaking at the company's annual Tech Day, he said the firm aimed to replicate its success in manufacturing consumer devices as it expands into making electric vehicles for major motor industry brands$.

What can be inferred about Lordstown Motors' financial situation from the comparison of its third quarter net loss to the same period last year?

  1. AOption (a)

     Lordstown Motors reported a net profit in the third quarter

  2. BOption (b)

    Lordstown Motors' net loss in the third quarter decreased from last year

  3. COption (c)

    Lordstown Motors' net loss in the third quarter remained unchanged from last year

  4. DOption (d)

    Lordstown Motors' net loss in the third quarter was wider than last year

  5. EOption (e)

    Lordstown Motors' net loss in the third quarter was smaller than last year

View answer & explanation

Correct answer

Answer: (d)D.

Lordstown Motors' net loss in the third quarter was wider than last year

Why this answer is correct

The correct answer is Option 4 (Lordstown Motors' net loss in the third quarter was wider than last year)

 

Key Points

  • The fourth paragraph states that
  • Lordstown Motors reported a net loss of $154.4 million in the three months to the end of September, which is wider than the $95.8 million loss it reported for the same period last year.
  • Therefore, the correct answer is D, Lordstown Motors' net loss in the third quarter was wider than last year.

Question 230

LIC ADO 2019• General Knowledge, Current Affairs and English Language

Directions: Read the passage given below and answer the questions that follow by choosing the correct/most appropriate options:

Foxconn, which makes iPhones for Apple, says it is deepening its investment in a US electric pick-up truck firm, which could challenge Tesla's Cybertruck. The technology giant is spending up to $170m (£147.8m) on shares in the loss-making start-up Lordstown Motors. The major cash injection comes as the company aims to ramp up production of its debut model., the Endurance. Lordstown recently began building the vehicle at a former General Motors plant in the US state of Ohio. Under the deal, the world's biggest contract manufacturer of electronics bought a more than 18% stake in Lordstown, Making it the biggest investor in the company.

"Since announcing our first transaction with Foxconn more than a year ago, it has been our objective to develop a broad strategic partnership that leverages the capabilities of both companies," Lordstown's executive chairman Daniel Ninivaggi said. "Foxconn's latest investment is another step in that direction," he added. The two companies also said they would jointly develop an electric vehicle together, although they did not give further details of the plan. The tie-up came after the world's biggest electric carmaker Tesla, which is owned by multi-billionaire Elon Musk, was earlier this month reported by the Reuters news agency to be planning to start mass production of its Cybertruck at the end of 2023. That would be two years after the original target for the highly-anticipated pick-up truck that Mr. Musk unveiled in 2019.

Taiwan-based Foxconn's investment is the latest cash injection into Lordstown as it continues to run at a loss. Separately on Monday, figures for the three months to the end of September showed a net loss of $154.4m, wider than the $95.8m loss the company reported for the same time last year. Shares in Lordstown rose by almost 18% in extended trading in New York after the announcements.

Last week Foxconn agreed to a deal with Saudi Arabia's sovereign wealth fund to produce electric vehicles in the kingdom. The joint venture will operate under the brand name 'Ceer', which sounds like the Arabic word for "drive". Ceer will license technology from Germany's BMW and aims to start selling its electric vehicles in 2025.

The deal is part of Saudi Arabia's push to move its economy away from its dependence on fossil fuels. Last month Foxconn's chairman Liu Young-way said he hopes the company will one day make cars for Tesla as it ramps up electric vehicle manufacturing operation. Speaking at the company's annual Tech Day, he said the firm aimed to replicate its success in manufacturing consumer devices as it expands into making electric vehicles for major motor industry brands$.

Which of the following can be inferred from the fourth paragraph?

  1. AOption (a)

    Operating at a loss.

  2. BOption (b)

    The collaboration to produce electric vehicles.

  3. COption (c)

    Building a strategic partnership.

  4. DOption (d)

    Foxconn's investment and its aim.

  5. EOption (e)

    Pushing to move the economy in a different genre.

View answer & explanation

Correct answer

Answer: (b)B.

The collaboration to produce electric vehicles.

Why this answer is correct

The correct answer is '​The collaboration to produce electric vehicles.'

Key Points

  • Let us explore the given paragraphs:
  • The first paragraph is all about Foxconn's investment and its aim.
  • The second paragraph is all about building a strategic partnership.
  • The third paragraph is all about Foxconn operating at a loss.
  • The fourth paragraph is all about the collaboration to produce electric vehicles.
  • The fifth paragraph is all about pushing the economy to move in a different genre.
  • Therefore, from the given options, the second option can be inferred from the fourth paragraph.

Hence, the only possible answer is option 2.