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

Total Questions: 50

41. SMERA Ratings Limited is a joint initiative of Dun and Bradstreet Information Services India Private Limited (D&B), leading public/private sector banks in India and

Correct Answer: (3) SIDBI
Solution:SMERA Ratings Ltd is a Small Industries Development Bank of India (SIDBI), Dun & Bradstreet Information Servic-es India Private Limited (D&B) and leading banks of the country. The agency was founded in 2005. Headquartered in Mumbai, it is a full service credit rating agency exclusively set up for micro, small and medium enterprises (MSME).

42. Reserve Bank of India (RBI) has introduced ______ from April 1, 2016. It is a new methodology of setting lending rate by commercial banks, and will replace the existing method.

Correct Answer: (3) MCLR
Solution:The Marginal Cost of Funds Based Lending Rate (MCLR) methodology for fixing interest rates for advances was introduced by the RBI from April 1, 2016. This new methodology has replaced the base rate system introduced in July 2010. MCLR refers to the minimum interest rate of a bank below which it cannot lend, except in some cases allowed by the RBI.

43. With a view to train 1.24 lac youth from Jammu & Kashmir in vocational courses under the skill development initiative 'Himayat Programme', the Government of India has recently (July 2016) allocated an amount of ______ for the programme.

Correct Answer: (2) Rs. 1601 crore
Solution:The Centre, in July 2016, approved Rs 1601 crore for Jammu and Kashmir under skill development initiative Himayat to train 1.24 lakh local youths in vocational courses. Under the scheme, for the next three years, six-months, nine-months and one year job-ori-ented training in residential and non-residential courses will be imparted to the aspirants by the designated PIAs.

44. The 'Rabobank' is a Dutch multinational financial banking company headquartered in

Correct Answer: (2) Utrecht
Solution:Rabobank is a Dutch multinational banking and financial services company headquartered in Utrecht, Netherlands. It is a global leader in food and agriculture financing and sustainability-oriented banking. Rabobank is the second-largest bank in the Netherlands in terms of total assets.

45. 'M-Pesa', a mobile based money transfer and payment service, was launched by Vodafone in the year 2007. In India, Vodafone India launched it in 2013 in association with

Correct Answer: (5) ICICI Bank
Solution:Vodafone India and ICICI Bank, in April 2013, announced the launch of 'M-Pesa' - a mobile money transfer and payment service. M-Pesa (M for mobile, 'pesa' is Swahili for money) was developed by Safaricom in East Africa, Kenya. It has become the most successful mobile phone based financial service in the developing world since its launch in March 2007.

46. State Bank of India (SBI) has initiated the process of merging its five associate banks with itself. The merged entity would create a financial sector powerhouse, with total assets estimated to be worth around

Correct Answer: (1) Rs. 37 lakh crore
Solution:In a definitive push for consolidation in the banking sector, the State Bank of India (SBI) merged with its five associate lenders and Bharatiya Mahila Bank on 1 April 2017. With the merger of all the five associates, SBI is expected to become a lender of global proportions with an asset base of Rs 37 trillion (Rs 37 lakh crore), 22,500 branches and 58,000 ATMs.

47. According to RBI guidelines, a non-banking entity seeking authorisation as Bharat Bill Payment Operating Unit (BBPOU) under the proposed Bharat Bill Payment System (BBPS) should have a minimum net worth of at least

Correct Answer: (5) Rs. 100 crore
Solution:The eligibility criteria for non-bank entities seeking to operate as BBPOUs is as follows:
  • The entity should be a company incorporated in India and registered under the Companies Act 1956 / Companies Act 2013
  • The Memorandum of Association (MOA) of the applicant entity must cover the proposed activity of operating as a BBPOU
  • The applicant entity should have a net worth of at least Rs.100 crore as per the last audited balance sheet and the same has to be maintained at all times.

48. Eminent litterateur 'Mahim Bora' who died recently (August 2016) at the age of 92 was a well-known literary figure and educationalist from the Indian State of

Correct Answer: (3) Assam
Solution:Mahim Bora was an Indian writer and educationist from Assam. He was awarded with most notably with the Padma Shri in 2011, the Sahitya Akademi Award in 2001 and the Assam Valley Literary Award in 1998. He passed away in Guwahati, Assam, on 5 August 2016.

49. The operation 'Raahat' was an operation of the Indian Armed Forces to evacuate Indian citizens and other foreign nationals from ______ in 2015.

Correct Answer: (3) Yemen
Solution:Operation Raahat was an operation of the Indian Armed Forces to evacuate Indian citizens and other foreign nationals from Yemen during the 2015 military intervention by Saudi Arabia and its allies in that country during the Yemeni Crisis. More than 4640 Indian citizens in Yemen were evacuated along with 960 foreign nationals of 41 countries.

50. The 'Srisail Dam' is constructed across the Krishna river in the Indian State of

Correct Answer: (2) Telangana and Andhra Pradesh
Solution:The Srisailam Dam is constructed across the Krishna River on the border of Mahabubnagar District, Telangana and Kurnool district, Andhra Pradesh. It is located near Srisailam temple town in Kurnool. It is the 2nd largest capacity working hydroelectric station in the country