RBI OFFICER GRADE ‘B’ PHASE-I EXAM Held on : 09.07.2023(Part-III)

Total Questions: 50

21. How many invitee countries participated in the 2nd meeting of G20 Finance Ministers and Central Bank Governors (FMCBG) under the Indian G20 Presidency that was held in April 2023?

Correct Answer: (4) 13
Solution:

The second meeting of G20 Finance Ministers and Central Bank Governors (FMCBG) under the Indian G20 Presidency was held on 12-13 April 2023, on the margins of the 2023 Spring Meetings of the International Monetary Fund and the World Bank Group.
● The meeting saw participation of around 350 delegates from G20 members, 13 invitee countries, and various international and regional organisations.
● The theme of the G20 summit to be held in September 2023 under the Chairmanship of India was “Vasudhaiva Kutumbakam” or “One Earth, One Family”. It means “One Earth One Family, One Future”. The inspiration for this theme is taken from the ancient Sanskrit text of Maha Upanishad. This theme reflects environmental sustainability, both at the level of individual lifestyle and national development.

22. Which of the following has the highest weightage in the Index of Eight Core Industries?

Correct Answer: (5) Refinery
Solution:

Refinery Products have the highest weight of 28.04 percent in the Index of Eight Core Industries.
● In terms of weightage, it is followed by electricity (with a weightage of 19.85%), Steel (17.92%), Coal (10.33%), Crude Oil (8.98%), Natural gas (6.88%), Cement (5.37%), and Fertilizers (2.63%).

23. What is the focus area of PM Kisan Sampada Yojana?

Correct Answer: (4) Infrastructure 
Solution:

Pradhan Mantri Kisan SAMPADA Yojana is a comprehensive package which will result in creation of modern infrastructure with efficient supply chain management from farm gate to retail outlet.
● The scheme aims to modernize and strengthen the food processing sector in the country.
● Full form of SAMPADA: Scheme for Agro-Marine Processing and Development of Agro-Processing Clusters.
● Under this scheme, allocation of Rs. 4600 crore is approved till march 31, 2026.

24. Pradhan Mantri Matsya Sampada has been approved at a total estimated investment of _____.

Correct Answer: (3) Rs. 20,050 crore
Solution:

Pradhan Mantri Matsya Sampada Yojana (PMMSY) has been approved at a total estimated investment of Rs. 20,050 crores comprising of Central share of Rs. 9,407 crores, State share of Rs 4880 crores and Beneficiaries contribution of Rs. 5,763 crores.
● PMMSY aims to bring about the Blue Revolution through sustainable and responsible development of the fisheries sector in India.

25. The largest state-owned oil and gas company, ONGC, will become Net-Zero by ____.

Correct Answer: (4) 2038
Solution:

India's top oil and gas producer ONGC, in May 2023, announced to invest Rs 1 lakh crore by 2030 on energy transition projects as it targets net zero carbon emissions by 2038.
● Net-zero for a company means achieving a balance between the quantum of greenhouse gases it places into atmosphere and the amount it takes out.

26. How many insurance companies were recognized as Domestic Systemically Important Insurers as of 31 March 2023?

Correct Answer: (3) Three
Solution:

India's Insurance Regulatory and Development Authority (IRDAI) has declared three state-run insurers - Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC), and New India Assurance -- as Domestic Systemically Important Insurers (D-SIIs).

27. On which of the following dates is the National Financial Awareness Day celebrated?

Correct Answer: (2) 14th August
Solution:

National Financial Awareness Day is celebrated on August 14th every year.
● This day aims to increase financial awareness and reflect on and plan for the financial future.

28. To which of the following countries does the GLONASS satellite navigation system belong?

Correct Answer: (5) Russia
Solution:

GLONASS is a Russian satellite navigation system operating as part of a radionavigation-satellite service.
● It provides real time position and velocity determination for military and civilian users.
● It provides an alternative to Global Positioning System and is the second navigational system in operation with global coverage and of comparable precision.

29. What is the full form of DLS?

Correct Answer: (3) Deep Learning System
Solution:

DLS stands for Deep Learning System.
● It is a subset of machine learning that uses neural networks to simulate and analyze data.
● It is an artificial intelligence technology that is used for complex data analysis and decision-making processes.

30. How many digits are there in the Legal Entity Identifier?

Correct Answer: (4) 20 digits
Solution:

The Legal Entity Identifier (LEI) is a 20-character alphanumeric code used to uniquely identify parties to financial transactions worldwide.
● It has been implemented to improve the quality and accuracy of financial data reporting systems for better risk management.