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

Total Questions: 50

1. According to the 2011 census, the Indian State that has the dubious distinction of having the worst male-female ratio is

Correct Answer: (5) Haryana
Solution:According to the 2011 Census, Haryana has the lowest sex ratio among states in India with 861 females per 1000 males. Daman and Diu has the worst sex ratio or 710 among all the states and UTs combined. Kerala has the highest sex ratio of 1084 females per 1000 males.

2. The 'IFSC Code' is an alphanumeric comprising of 11 characters that facilitates electronic fund transfer in the country. The alphabet 'I' in the abbreviation 'IFSC' stands for

Correct Answer: (2) Indian
Solution:IFSC stands for Indian Financial System Code. It is a 11-character code for identifying the bank and branch which an account is held. The first four characters represent the name of the bank; the fifth character of the code is zero (0); the last six characters rep-resents the bank's branch The IFSC code is used by the NEFT, RTGS and IMPS finance transfer systems.

3. Which of the following has recently (August 2016) been ap- pointed as head of a legal panel by the BCCI to help implementation of the Justice Lodha Committee reforms?

Correct Answer: (4) Justice Markandey Katju
Solution:The BCCI, in August 2016, appointed former Supreme Court judge Markandey Katju as the head of a fourmember legal panel to act as the "single-point interface" to coordinate with the Justice Lodha committee and advise and guide the cricketing body. Justice Katju was a judge in the Supreme Court from 2006 to 2011 apart from being the chairman of Press Council of India.

4. The first Indian captain to score a double century in a Test match outside India is

Correct Answer: (4) Virat Kohli
Solution:Indian test team captain Virat Kohli, in July 2016, became the first Indian captain to score a double century outside India. He achieved this feat after scoring 200 runs against West Indies on second day of the first Test at the Sir Vivian Richards stadium in Antigua, North Sound.

5. 'Kudsi Ergüner', musician player of the 'ney' (reed flute) has recently been named as the UNESCO artist for peace 2016. He is a well-known musicologist and composer from

Correct Answer: (5) Turkey
Solution:Kudsi Ergüneris a Turkish musician. He is considered a master of traditional Mevlevi Sufi music and is one of the best-known players of the Turkish ney flute. The Director-General of UNESCO, Irina Bokova, appointed him as UNESCO Artist for Peace at the opening ceremony of the 40th session of the World Heritage Committee in Istanbul on 10 July 2016.

6. The 'International meeting on Counter Terrorism' was recently (August 2016) held in

Correct Answer: (2) Bali, Indonesia
Solution:The International Meeting on Counter Terrorism" was held at Bali, Indonesia on 10 August 2016. It was first of its kind meeting for strengthening the international cooperation net-work in addressing the growing threat of cross-border movement of terrorism. It was themed "Countering Cross-Border movement of Terrorism."

7. India's first 'International Financial Services Centre' (IFSC) banking unit, set up by YES Bank has started operations at GIFT city in the Indian state of

Correct Answer: (2) Gujarat
Solution:YES Bank on 27 October 2015 announced commence-ment of operations of its IFSC Banking Unit (IBU) at the country's first IFSC coming up at the Gujarat International Finance Tec-City (GIFT). Four more banks, State Bank of India, IDBI Bank, IndusInd Bank and Federal Bank, have re-ceived final approval from the RBI for commencing IBU operations.

8. The Human Rights activist from India who is amongst the winners of 2016 Raman Magsaysay Award is

Correct Answer: (3) Bezwada Wilson
Solution:Two Indians, human rights activist Bezwada Wilson and classical musician TM Krishna, were, in August 2016, conferred the Ramon Magsaysay Award for 2016. Wilson won the award for 'asserting the inalienable right to a life of human dignity.' He is the founder of Safai Karmachari Andolan, that works towards eradicating manual scavenging from Indian villages.

9. Under the Pradhan Mantri Suraksha Bima Yojana (PMS- BY), the risk coverage is Rs. 2 lakh for accidental death and full disability, and Rs. 1 lakh for partial disability. The cover is however not available to

Correct Answer: (4) Individuals below 18 years of age
Solution:PMSBY is available only to individual bank account holders in the 18-70 year age group. Accidents, any death or disability resulting from natural calamities is covered under PMSBY. While death due to suicide is not covered, that from murder is covered. Partial disability without irrecoverable loss of an eyesight or loss of use of one hand or foot is not covered.

10. In India 'Commodities Derivatives Market' is regulated by

Correct Answer: (4) SEBI
Solution:Exchange traded equity and commodity derivatives markets in India are regulated by Securities and Exchange Board of India (SEBI). Prior to the merging of FMC with SEBI on 28 September 2015, the Forward Markets Commission (FMC) regulated the exchange traded commodity derivatives market in India.