RBI OFFICER GRADE ‘B’ PHASE-I EXAM Held on : 17.06.2017(Part-I)

Total Questions: 50

21. Asian Infrastructure Investment Bank (AAIB) has recently approved a loan of USO 160 million for a power project in the Indian State of

Correct Answer: (3) Andhra Pradesh
Solution:Asian Infrastructure Investment Bank, in May 2017, approved $ 160 million loan for a power project in Andhra Pradesh, the first credit from the bank for an Indian project. The 24×7 Power for All project, that aims to strengthen the power transmission and distribution system in the state, is part of Government of India's 'Power for All programme' that was launched in 2014.

22. Payment solutions providers 'Oxigen Services' and 'PayU India' have been granted in-principle approval from Reserve Bank of India (RBI), to operate as

Correct Answer: (5) Bharat Bill Payments Operating Unit
Solution:Oxigen Services and PayU India, in May 2016, received in principle approval from the RBI to set up and operate Bharat Bill Payment System (BBPS). BBPS offers interoperable and accessible bill payment service to customers, enabling multiple payment modes through a network of agents which can provide instant confirmation of payments.

23. The archaeological site of the Paleolithic period, the 'Bhimbetka rock shelters' is situated in the Indian State of

Correct Answer: (3) Madhya Pradesh
Solution:The Bhimbetka rock shelters arelocated in the Raisen District of Madhya Pradesh. Situated inside the Ratapani Wildlife Sanctuary, these rock shelters are an archaeological site of the Paleolithic, exhibiting the earliest traces of hu-man life on the Indian Subcontinent, and thus the beginning of the Indian Stone Age.

24. The 'Shri Shiv Chhatrapati Sports Complex' also known as Balewadi Stadium, is situated in

Correct Answer: (5) Pune, Maharashtra
Solution:The Shree Chhatrapati Shivaji Sports Complex is located in Pune, Maharashtra. It is an Indian sports complex, which includes the Shree Shiv Chhatrapati Sports Complex Stadium. This complex was the venue for the 2008 Common-wealth Youth Games.

25. The 'Cash and ATM Management Companies' are now not required to comply with the Private Security Agencies (Regulation) Act (PSARA). As a result, they may not be allowed to attract Foreign Direct Investment (FOi) up to

Correct Answer: (5) 100 per cent
Solution:Cash and ATM management companies will be allowed to attract 100 per cent foreign direct investment as they are not required to comply with the Private Security Agencies (Regulation) Act (PSARA). There are about a dozen cash management players in the country, including Writer Safeguard, SIS Securitas, CMS, Secure Value, Logicash, Brinks Arya, Securitrans and Scientific Security Management Services.

26. At any one time, the maximum balance in a BSBDA Small Account should not exceed

Correct Answer: (2) Rs. 50,000
Solution:As notified by the Government of India on 16 December 2010, maximum balance in a BSBDA-Small Account should not exceed fifty thousand rupees at any time. Total credits in such accounts should not exceed one lakh rupees in a year. The total of debits by way of cash withdrawals and transfers will not exceed ten thousand rupees in a month. There is no requirement for any initial deposit for opening a BSB-DA.

27. The Union Cabinet has recently approved the public testing of five state-owned general insurance companies and making the government's stake in them from 100% to

Correct Answer: (1) 75 per cent
Solution:The Union Cabinet, in January 2017, approved the public listing of five state-owned non-life insurance companies and reducing the government's stake in them to 75% from 100%. Oriental Insurance Company, National Insurance Company, New India Assurance, United India Insurance and national reinsurer General Insurance Corporation of India, or GIC Re, are the five companies that will be listed on stock exchanges.

28. In India the Credit rating agencies are regulated by

Correct Answer: (1) SEBI
Solution:In India, the capital markets regulator, the Securities and Exchange Board of India (SEBI), regulates the rating agencies in the country. A credit rating agency provides an opinion relating to future debt repayments by borrowers. A credit rating represents the rating agency's opinion on the likelihood of a rated debt obligation being repaid in full and on time.

29. The Dadasaheb Phalke Academy Award in the newly introduced 'Internationally Acclaimed Actress' Category has recently been awarded to film actress

Correct Answer: (3) Priyanka Chopra
Solution:Bollywood actress Priyanka Chopra was, on 1 June 2017, honoured with the Dadasaheb Phalke Award, in the new category of Internationally Acclaimed Actress. She is the first recipient of this award. Priyanka rose to international fame with the American tele-vision series Quantico in which she plays the role of a spy, Alex Parish.

30. The HCL Asian junior Tennis Championship 2017 was recently (27th May 2017 - 3rd June 2017) held in

Correct Answer: (2) Pune, India
Solution:Global conglomerate HCL hosted the HCL Asian Junior Tennis Championship 2017, the most reputed tennis championship in the Asian circuit for the U/18 category in association with the Maharashtra State Lawn Tennis Associationat the Shri Shiv Chhatrapati Sports Complex, Balewa-di in Pune, Maharashtra, in May-June 2017.