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

Total Questions: 50

21. As per recent guidelines issued by the Reserve Bank of India, how much will a customer have to pay for checking account balance at a white label ATM?

Correct Answer: (3) Rs. 5

22. A segment of the financial market in which financial in- struments with high liquidity and very short maturities are traded is known as

Correct Answer: (1) Money Market

23. Which state legislature of India recently announced to go paperless with funding from the World Bank?

Correct Answer: (2) Andhra Pradesh

24. Which US city recently filed for Chapter 9, Title 11 of the United States Code bankruptcy protection?

Correct Answer: (2) Detroit

25. To which category of banking sector does SIFO, which was in the recent news, belong?

Correct Answer: (4) Residuary Non-Banking Company

26. In order to reflect a bank's actual financial health in its balance sheet with respect to Non Performing Assets (NPAs), the Reserve Bank of India has introduced prudential norms in a phased manner. This has been done in accordance with the recommendations of

Correct Answer: (3) Narasimham Committee
Solution:This has been done as per the recommendations made by the Committee on Financial System under M. Narasimham. The Reserve Bank of India has introduced, in a phased manner, prudential norms for income recognition, asset classification and provisioning for the advances portfolio of the banks.

27. Indraprastha Gas Limited (IGL) Suraksha Yojana, which was in recent news, is a group accident insurance scheme for

Correct Answer: (2) Drivers
Solution:IGL Suraksha Yojana is the group accident insurance scheme for around 2.5 lakh drivers of CNG-run public transport vehicles in Delhi. The insurance policy has been issued through Oriental Insurance Company for the first year. IGL will pay premium for the policy to cover drivers. The
scheme is absolutely free for the drivers

28. The Employee Unique Identification Number (EUIN) is not applicable to

Correct Answer: (1) Registration of Systematic Withdrawal Plan
Solution:EUIN is applicable for: Purchases, Switches, Registration of Systematic Investment Plan (SIP) and Registration of Systematic Transfer Plan
(STP). EUIN is not applicable for: Registration of Systematic Withdrawal Plan, Ongoing installments under SIP/STP/ SWP, Dividend Reinvestments, allotment of Bonus Units and Redemption.

29. The government recently red- flagged over 250 dubious banking transactions. Most of such transactions are related to

Correct Answer: (2) Ponzi Schemes
Solution:The Finance Ministry has red-flagged over 250 suspicious banking transactions, most of them related to Multi Level Marketing (MLM) or ponzi schemes. A Ponzi scheme is a swindle in which a quick return on an investment is offered. The Sarada scam of West Bengal brought these transactions to limelight.

30. Who, among the following, is the author of ‘Ignited Minds'?

Correct Answer: (4) A.P.J. Abdul Kalam
Solution:'Ignited Minds' is a book written by scientist-patriot Dr. A. P. J Abdul Kalam who was the President of India. The full title of the book is Ignited
Minds - Unleashing the Power Within India. Ignited Minds is a logical step forward from Dr. Kalam's earlier book, India 2020 - A Vision for the
New Millennium.