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RBI OFFICER GRADE ‘B’ ONLINE EXAM Held on : 25.08.2013 (Part-I)

📆 August 21, 2025

Total Questions: 50

21. Which of the following categories does not come under Priority Sector Lending in India?

Correct Answer: (4) Health
Solution:Priority sector refers to those sectors of the economy which may not get timely and
adequate credit in the absence of this special dispensation. Priority Sector includes the
following categories: Agriculture, Micro and Small Enterprises, Education, Housing,
Export Credit and Others. Certain categories of weaker sections of the society also
come under priority sector.

22. What was the number of banking licence applicants before the reserve Bank of India for opening of new banks by 31 May 2013?

Correct Answer: (2) 26
Solution:In all, the Reserve Bank of India has received 26 applications. Anand Sinha, Deputy
Governor of the Reserve Bank of India (RBI), said all banking licence applicants will
have to comply with the requisite norms. Financial inclusion is a precondition for
such banks.

23. As per a new circular by the Reserve Bank of India in July 2013, for High Risk Customers/entities, Banks will now be required to update KYC data only once in

Correct Answer: (5) 2 years
Solution:As per a guideline issued by the Reserve Bank of India on 23 July 2013, Banks will now be required to update KYC data only once in two years for high risk entities, and just once in 10 years for low-risk clients. For medium risk individuals and entities it has been relaxed to at least every eight years, from not less than once in two years.

24. To whom is the Pre-Shipment Finance given in India?

Correct Answer: (2) Exporters
Solution:Pre-shipment/Packing Credit also known as 'Packing credit' is a loan/ advance
granted to an exporter for financing the purchase, processing, manufacturing or
packing of goods prior toshipment. Packing credit can also be extended as working
capital assistance to meet expenses such as wages, utility payments, travel expenses etc;
to companies engaged in ex- port or services.

25. With which of the following countries is the Nifty Index associated?

Correct Answer: (3) India
Solution:The key index of National Stock Exchange (NSE) is the S&P CNX Nifty, now known as
the NSE NIFTY (National Stock Exchange Fifty). It is an index of fifty major stocks
weighted by market capitalization.

26. The abbreviation RIDF stands for

Correct Answer: (1) Rural Infrastructure Development Fund
Solution:RIDF stands for Rural Infrastructure Development Fund. RIDF was set up by the
Government in 1995-96 for financing ongoing rural infrastructure projects. The Fund is
maintained by the National Bank for Agriculture and Rural Development (NABARD).

27. In which month of the year is Income Tax Return filed in India where the assessee is a Company?

Correct Answer: (4) October
Solution:The due dates for filing Income Tax returns are: (a) Where the assessee is a Company: 31st October of the Assessment Year; (b) Where the assessee is a person other
than a company: where accounts of the assessee are to be audited or a working partner of a firm whose accounts are required to be audited under the Income Tax Act or any
other law: 31st October of the Assessment Year.

28. With which sport is Akshay B. Gaikwad associated?

Correct Answer: (4) Weightlifting
Solution:Akshay B Gaikwad is an Indian weightlifter. He clinched three gold medals at the 15th Asian Youth Weight-lifting Championships in Doha in May 2013. Akshay won gold each in snatch and clean and jerk with efforts of 109kg and 135kg respectively to secure first place overall in the 62 kg category

29. The 'Father of Mouse' died recently. Who was he?

Correct Answer: (2) Douglas Engelbart
Solution:Douglas Engelbart, father of the computer mouse, died at the age of 88 in July 2013.
Engelbart unveiled the mouse in 1968, before an audience of 1,000 leading technologists in San Francisco. The mouse was popularized by Xerox PARC and Apple, which began to ship the mouse with the Apple's Lisa in 1983.

30. On which day is the World Consumer Rights Day celebratd across the world?

Correct Answer: (2) 15 March
Solution:The World Consumer Rights Day was established in 1983 to promote the basic
rights of consumers everywhere. Every year on 15 March, the global consumer
movement unites around a common theme to deliver an exciting array of campaigning
activities. 'Consumer Justice Now!' is the theme of World Consumer Rights Day 2013.
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