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

Total Questions: 50

31. Which type of scheme is Pradhan Mantri Fasal Bima Yojana?

Correct Answer: (1) Insurance
Solution:

Pradhan Mantri Fasal Bima Yojana is a government-backed crop insurance scheme in India that aims to provide financial protection to farmers against crop loss due to natural disasters, pests, and diseases.

  • The scheme was launched in 2016 by the Ministry of Agriculture and Farmers’ Welfare.

32. How many State bicameral legislations are in India?

Correct Answer: (2) Six
Solution:

If a state legislature has both the Legislative Assembly and the Legislative Council, it is called a bicameral legislature.
● 6 out of 28 states have bicameral legislatures, namely Andhra Pradesh, Bihar, Karnataka, Maharashtra, Telangana, and Uttar Pradesh, with the remaining states having a unicameral one.
● Article 168 of the Indian Constitution provides for the legislature in the state. According to article 169, a Legislative Council can be formed a state.

33. What does dark pattern target?

Correct Answer: (1) User interface
Solution:

Dark Patterns are unethical UI/UX (user interface/user experience) interactions that are designed to mislead or trick users to make them do something they don’t want to do.
● In turn, they benefit the company or platform employing the designs.

34. With which of the following entities is SWAMIH Fund registered?

Correct Answer: (2) SEBI
Solution:

The Special Window for Affordable and Mid-Income Housing (SWAMIH) Investment Fund is a social impact fund specifically formed for completing stressed and stalled residential projects.
● It is a government backed fund, set up as a Category-II AIF (Alternate Investment Fund) Debt Fund registered with SEBI (Securities and Exchange Board of India).

35. When was Green Hydrogen Mission approved?

Correct Answer: (1) January 2023 
Solution:

The Union Cabinet, on 4 January 2023, approved the National Green Hydrogen Mission with an outlay of Rs. 19,744 crore from FY 2023-24 to FY 2029-30.
● The overarching objective of the Mission is to make India a global hub for production, usage and export of Green Hydrogen and its derivatives.

36. Which of the following types of assets does Hedging Fund deal with?

Correct Answer: (2) Liquid assets
Solution:

A hedge fund is a pooled investment fund that trades in relatively liquid assets and is able to make extensive use of more complex trading, portfolio-construction, and risk management techniques in an attempt to improve performance, such as short selling, leverage, and derivatives.

37. Who is the target beneficiary of Svanidhi scheme?

Correct Answer: (4) Street vendors
Solution:

The PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) was launched by the Ministry of Housing and Urban Affairs on 1 June 2020 for providing affordable Working Capital loan to street vendors to resume their livelihoods that had been adversely affected due to Covid-19 lockdown.
● This scheme targets to benefit over 50 lakh Street Vendors.

38. In which year was Project Tiger initiated?

Correct Answer: (2) 1973
Solution:

Project Tiger is a wildlife conservation movement initiated in India in 1973 to protect Bengal tigers.
● The Government of India’s Ministry of Environment, Forest and Climate change launched Project tiger on April 1, 1973. The project was initiated at Jim Corbett National park in Uttarakhand. The project’s first director was Kailash Sankhala.
● In the initial years of this project, there were only nine tiger reserves in India.
● At present, there are 47 such reserves located in 18 tiger range states of India.

39. Under which Act is NBFC registered in India?

Correct Answer: (1) Companies Act, 1956
Solution:

A Non-Banking Financial Corporation (NBFC) is a company that is registered under the Companies Act, 1956.
● It is involved in the lending business, hire-purchase, leasing, insurance business, receiving deposits in some cases, chit funds, stocks, and shares acquisition.
● NBFC does not include any institution whose principal business is that of agriculture activity, industrial activity, purchase or sale of any goods (other than securities) or providing any services and sale/purchase/construction of immovable property.
● NBFCs are regulated by the Reserve Bank of India (RBI).

40. Which of the following sections is the beneficiary of Swanari TechSprint?

Correct Answer: (4) Women
Solution:

The Reserve Bank Innovation Hub’s (RBIH) Swanari TechSprint is a program which provides a platform to conceptualize, develop and support innovations in technology that enhance access, usage and quality of financial services for all women in India.
● Through this, RBIH aims to create an ecosystem of fintechs and tech providers who are bridging the gender divide in financial services responsibly and transparently.