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

Total Questions: 50

21. Which of the following is not the part of the structure of the financial system in India?

Correct Answer: (4) Personal Finance
Solution:The Financial System of India refers to the system of borrowing and lending of funds or the demand for and the supply of funds to all individuals, institutions, companies, and of the government. The financial system is classified into:
• Industrial Finance: Funds required for the conduct of industry and trade;
• Agricultural Finance: Funds needed and supplied for the conduct of agriculture and allied activity;
• Development Finance: Funds needed for development; actually, it includes both industrial finance and agricultural finance; and
• Government Finance: Relates to the demand for and supply of funds to meet government expenditure.

22. Prior to the establishment of Reserve Bank of India, the Government banking business was conducted by which of the following organizations?

Correct Answer: (3) Imperial Bank of India
Solution:Prior to establishment of RBI, the functions of a central bank were virtually being done by the Imperial Bank of India, which was established in 1921 by merging three Presidency banks. It was mainly a commercial bank but also served as banker to the government to some extent.

23. Which expert committee has been constituted to explore alternatives to pellet guns as nonlethal weapons?

Correct Answer: (3) TVSN Prasad Committee
Solution:Union Home Minister Shri Rajnath Singh, in July 2016, constituted a seven-member Expert Committee under the chairmanship of Shri T V S N Prasad, Joint Secretary, Ministry of Home Affairs for exploring the other possible alternatives to pellet guns as non-le- thal weapons.

24. Which of the following is not a general credit control measure?

Correct Answer: (4) regulation of margin requirements on advances against agricultural commodities
Solution:Credit control a major weapon of the monetary policy used to control the demand and supply of money (liquidity) in the economy. Bank rate, variable reserve ratios and open market operations are some of the quantitative credit control measures. Regulating the Marginal Requirements on Security Loans is a qualitative or selective method of credit control.

25. Which State Government has recently signed pact with Japan to develop food value chain in the state?

Correct Answer: (4) Andhra Pradesh
Solution:Andhra Pradesh government, on 30 July 2016, signed a MoU with Ministry of Agriculture, Forestry and Fisheries (MAFF) of Japan to develop a food value chain in the state. MAFF will encourage direct investments by Japanese companies in the fields of agriculture and food-related industry in the state.

26. The process of the total valuation of the financial capital assets of a country is known as

Correct Answer: (4) Net wealth of the country
Solution:National (net) wealth, also known as national net worth, is the total sum value of monetary assets minus liabilities of a given nation. It refers to the total value of wealth or financial assets possessed by the citizens of a nation at a set point in time. This figure is an important indicator of a nation's ability to take on debt and sustain spending.

27. The 2016 India International Footwear Fair (IIFF) has started in which of the following cities?

Correct Answer: (1) New Delhi
Solution:The 2016 International Footwear Fair (IIFF) was held at Pragati Maidan in New Delhi in August 2016. It was organised with support of Council for Leather Exports (CLE), Central Leather Research Institute (CLRI), Indian Shoe Federation (ISF), Footwear Design and Development Institute (FDDI) and Indian Foot- wear Components Manufacturers Association (IFCOMA) and Indian Finished Leather Manufacturers' Association (IFLMEA).

28. The term 'hyper-inflation' means

Correct Answer: (3) a 'runway' or 'galloping' inflationary situation where the monetary unit becomes almost worthless.
Solution:Hyperinflation occurs when a country experiences very high and usually accelerating rates of inflation, rapidly eroding the real value of the local currency, and causing the population to minimize their holdings of local money. The price increases are so out of control that the currency becomes worth- less. Hyperinflation is also known as galloping inflation.

29. Which state tourism has recently (August, 2016) organised a 'Freedom Ride'?

Correct Answer: (3) Goa
Solution:The Goa Tourism organized 'Freedom Ride', an exclusive bike rally, on 15 August 2016. The Freedom Ride rally gave bikers an experience of Goa's beautiful landscape during the monsoons while exploring its treasures packed with churches, rivers, beaches, temples, villages and much more.

30. The world's tallest girder rail bridge will come up in which of the following state of India?

Correct Answer: (2) Manipur
Solution:Indian Railways is building India's longest tunnel and world's tallest girder rail bridge on the Jiribam-Tupul-Imphal new broad gauge railway line in Manipur. The 111-km long line already has 37 tunnels on it. The new tunnel will be 11.55 km long, more than the famous Pir Panjal tunnel on the Banihal-Qazigund line.