RBI OFFICER GRADE ‘B’ PHASE-I EXAM Held on : 04.09.2016 (Shift-II)(Part-I)

Total Questions: 50

31. The 'International Court of Justice', the principal judicial branch of United Nations (UN) is situated in

Correct Answer: (5) The Hague, Netherlands
Solution:The International Court of Justice is based in the Peace Palace in The Hague, Nether-lands. It is the primary judicial branch of the United Nations (UN). It settles legal disputes submitted to it by states and provides advisory opinions on legal questions sub-mitted to it by duly authorized international branches, agencies, and the UN General Assembly.

32. Under the interest subvention scheme, farmers can get loan for a period of one year at a concessional interest rate. The upper limit for such loans however is:

Correct Answer: (4) Rs. 3 lakhs
Solution:Under the Interest Subven-tion scheme, banks have to provide interest concession of in short term crop loans of up to Rs 3 lakh to farmers. Besides, additional interest subvention of is available to farmers for repaying the loan promptly from the date of disbursement of the crop loan.

33. The 'Ngultrum' is the currency of

Correct Answer: (3) Republic of Bhutan
Solution:Ngultrum has been the currency of Bhutan since 1974. It replaced the Indian Rupee as the currency of Bhutan in 1974. The ngultrum is equal in value to the Indian rupee. It is subdivided into 100 chhertum (called chetrums on coins until 1979).

34. The proposed long-distance, fully unreserved, superfast train service, for the common man, to be operated on dense routes shall be known as

Correct Answer: (1) Antyodaya Express
Solution:The Union Budget 2016 an-nounced to introduce Antyodaya Express as a long-distance, fully unreserved, super-fast train service, for the com-mon man to be operated on dense routes. The reason be-hind starting this new train for unreserved passengers is to ensure that those belonging to the 'Antodaya class' (very poor people) can also travel by train.

35. Under the 4th tranche of the Gold Bond scheme opened in July 2016, the price for gold has been fixed at Rs. 3,319 per gram and the maximum subscription ceiling is retained at

Correct Answer: (4) 500 gm per person
Solution:Maximum subscription ceiling has been retained at 500 gm per person under the 4th tranche of Gold Bond Scheme. The minimum subscription has been reduced from 2 grams to 1 gram with the view to enlarge the subscriber base.

36. The 'Small Industries Development Bank of India' (SIDBI) is headquartered in

Correct Answer: (1) Lucknow, Uttar Pradesh
Solution:The Small Industries Development Bank of India (SIDBI) is headquartered in Lucknow, Uttar Pradesh. It is an independent financial institution aimed to aid the growth and development of micro, small and medium-scale enterprises. It was set up on April 2, 1990 under Small Industries Development Bank of India Act.

37. The high-level committee formed to prepare road map for the restructuring of the University Grants Commission (UGC) and All India Council for Technical Education (AICTE) is headed by

Correct Answer: (1) Arvind Panagariya
Solution:The Government recently constituted a high-level committee, headed by Niti Aayog Vice Chairman Arvind Panagariya, to prepare a road map for reforming the two regulatory bodies in the field of education- the University Grants Commission (UGC) and the All India Council for Technical Education (AICTE).

38. In a bid to foster curiosity, creativity and imagination among youth innovators, NITI Aayog proposes to set up the Atal Tinkering Labs (ATL). For the first 10 such ATLs, It has recently (July, 2016) signed a two year statement of intent (SOI) with techgiant

Correct Answer: (4) Intel India
Solution:In a bid to foster curiosity, creativity and imagination among young innovators, NITI Aayog, in July 2016, signed a two-year statement of intent (SOI) with tech giant Intel India to set up the first 10 Atal Tinkering Labs (ATLs) in the country. Over a period of five years, million are set to be spent on building and managing 500 ATLs in schools and communities around the country and these first 10 ATLs will act as exemplars for the remaining 490.

39. The "Mission Indradhanush" launched by the Government of India is aimed at

Correct Answer: (4) full immunisation of all children in the country
Solution:Mission Indradhanush aims to immunize all children under the age of 2 years and pregnant women against seven vaccine preventable diseases namely diphtheria, whooping cough, tetanus, poliomyelitis, tuberculosis, measles and Hepatitis B by 2020. It was launched by Union Health Minister J.P Nadda on 25 December 2014.

40. The microfinance institutions (MFI) registered as Non-Banking Finance Companies (NBFC) are presently regulated by

Correct Answer: (2) Reserve Bank of India
Solution:Microfinance Institutions (MFIs) registered as non-banking financial companies (NBFCs) are regulated by the Reserve Bank of India. There were recent talks of making Micro Units Development and Refinance Agency (MUDRA) Bank a unified regulator for all MFIs. However, the Finance Ministry, in January 2016, clarified that MFIs will continue to be regulated by RBI.