RBI OFFICER GRADE ‘B’ PHASE-I EXAM Held on : 17.06.2017(Part-II)

Total Questions: 50

1. 'Aparna Popat' is a famous Indian

Correct Answer: (4) Badminton Player
Solution:Aparna Popat is a former Indian badminton player. She was India's national champion for a record equalling nine times when she won all the senior national champion-ships between 1997 and 2006. She was conferred the Arjuna Award in 2005.

2. A nationwide campaign 'Darwaza Band' to promote use and freedom from open defecation across the villages of the country has recently (May 2017) been launched by the

Correct Answer: (3) Ministry of Drinking Water and Sanitation
Solution:The Ministry of Drinking Water and Sanitation, in May 2017, launched 'Darwaza Band' campaign to promote toilet use and freedom from open defecation across the villages of the country. The campaign will run under the Swachh Bharat Mission. The campaign is supported by the World Bank.

3. The Tarun Ramadorai panel set up by the Reserve Bank of India (RBI) has been tasked to look at the various facets of the

Correct Answer: (1) Household finance in India
Solution:The RBI, in August 2016, constituted Dr. Tarun Ramadorai committee to study various facets of household finance in Indiaand to bench-mark the country's position vis-à-vis both peer countries and advanced countries. The committee will be chaired by Tarun Ramadorai, Professor of Financial Economics at University of Oxford.

4. The 'Bandodkar Gold Trophy' is associated with the game of

Correct Answer: (3) Football
Solution:Bandodkar Gold Trophyis a prestigious national level football competition organized in Goa. It was founded and first played in 1970, before the tournament's first run was brought to an end in 1994, after 24 years. The Goa Football Association (GFA)reinstated it as a U21 level championship in 2015.

5. Which of the following Indian wrestlers clinched a Gold medal in the 65 kg category in the 2017 Asian Wrestlang Championships final recently (May 2017)?

Correct Answer: (1) Bajrang Punia
Solution:Bajrang Punia of India defeated Lee Seung-chul of Korea 6-2 to win the gold medal in the men's 65 kg freestyle category at the Asian Wrestling Championship in New Delhi in May 2017. Bajrang, who has been mentored by Olympic bronzemedallist Yogeshwar Dutt, made a dramatic come-back in the second round of the contest to win the title.

6. The RBI recently asked banks to follow the instructions of government organisation CERT-In to prevent attack by which ransomware

Correct Answer: (3) WannaCry
Solution:The RBI, on 15 May 2017, asked banks to follow the instructions of government organisation CERT-In to prevent attack by ransomware, 'Wan-naCry', which impacted various IT networks in over 150 countries. The ransomware targeted computers running the Microsoft Windows operating system by encrypting data and demanding ransom payments in the Bitcoin cryptocurrency.

7. The government recently took away the task of selecting candidates to run state-run financial institutions from which body ?

Correct Answer: (3) Banks Board Bureau
Solution:The government, in May 2017, took away the task of selecting candidates to run state-run financial institutions from the Banks Board Bureau. A committee headed by financial services secretary Anjuly Chib Duggal will now select CEOs for four financial institutions where the posts are lying vacant.

8. Which of the following is not a money market instrument?

Correct Answer: (5) None of these given as options
Solution:Money market instruments include treasury bills, commercial paper, bankers' accep-tances, deposits, certificates of deposit, bills of exchange, repurchase agreements, federal funds, and short-lived mort-gage and asset-backed securities. Money market instruments give businesses, financial institutions and governments a means to finance their short-term cash requirements.

9. The '2017 World Table Tennis Championships was recently (29 May- 5 June 2017) held in which of the following country ?

Correct Answer: (3) Germany
Solution:The 2017 World Table Tennis Championships was held in Düsseldorf, Germany, from 29 May to 5 June 2017.It was the 54th edition of the competition, and the seventh time that it has been staged in Germany. China topped the med-al table, followed by Japan and Chinese Taipei at second and third positions respectively.

10. The statutory base for the Depositor Education and Awareness Fund (DEAF) constituted by the Reserve Bank of India is provided by

Correct Answer: (4) Section 26A of the Banking Regulation Act, 1949
Solution:The statutory basis of Depositor Education and Aware- ness Fund (DEAF) is Section 26 A of the Banking Regulation Act, 1949. Under the scheme, the credit of any account in India with any bank that has not been operated for 10 years or any deposit or any amount remaining unclaimed for more than 10 years has to be credited to the fund within three months from the expiry of the said period of 10 years.