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

Total Questions: 50

41. The 'Ease of Doing Business Index' is an index proposed by the

Correct Answer: (5) World Bank Group
Solution:The ease of doing business index is an index created by the World Bank Group. It is an aggregate figure that includes different parameters which define the ease of doing business in a country. Higher rankings (allow numerical value) indicate better, usually simpler, regulations for businesses and stronger protections of property rights.

42. The Reserve Bank of India has been opening the bank license window only periodically. Under the 'un-top' mechanism, however an application can be made

Correct Answer: (3) at any time subject to conditions
Solution:Under the 'on tap' mechanism, an application can be made at any time subject to certain conditions. According to the RBI guidelines, non-banking finance companies and resident individuals or professionals with 10 years of experience in banking and finance will be eligible to apply.

43. In a breakthrough in military aviation technology, its largest indigenously built transport aircraft Y-20, was inducted by

Correct Answer: (3) China
Solution:China, on 6 July 2016, in-ducted its largest indigenously-built transport aircraft Y-20, a breakthrough in military aviation technology for the PLA that allows the world's largest force to transport cargo and troops over long distances in diverse weather conditions. The plane is comparable to the Russian-made IL-76 and the US C-17.

44. The two-day 'G7 Summit 2017' was recently (May 2017) held in

Correct Answer: (1) Italy
Solution:The 43rd G7 summit was held on May 26-27, 2017 in Taormina (ME), Sicily, Italy. It was the first summit for British Prime Minister Theresa May, French President Emmanuel Macron, Italian Prime Minister Paolo Gentiloni, and U.S. President Donald Trump.

45. In order to move towards a cashless economy, the RBI has recently prohibited non-banking finance companies (NBFCs) from disbursing loans against gold for an amount over

Correct Answer: (1) Rs. 20,000
Solution:In a fresh push toward a less cash economy, the RBI on 10 March, 2017, prohibited non-banking finance companies (NBFCs) of all kinds from lending more than Rs. 20,000 in cash against gold. The NBFCs have been told to is-sue cheques for loan amounts above this prescribed limit.

46. India's largest bridge, the 'Dhola-Sadiya bridge' has recently (May 2017) been inaugurated by PM Shri Narendra Modi. The bride in the Indian State of Assam is built over the

Correct Answer: (3) Lohit River
Solution:The Bhupen Hazarika Setu, also referred to as the Dhola-Sadiya Bridge, is built over Lohit River, a major tributary of the Brahmaputra River, from the village of Dhola (Tin-sukia District) in the south to Sadiya to the north in Assam. It is a beam bridge in India, connecting the northeast states of Assam and Arunachal Pradesh.

47. The largest of White Label ATM Kiosks under the brand name 'Indicash' is owned and operated by

Correct Answer: (2) Tata Communications Payment Solutions
Solution:Indicash is the first-ever white label Automated Teller Machines (ATMs) network of Tata Communications Payment Solutions Ltd. (TCPSL), a subsidiary of Tata Communications. TCPSL is the first company authorized by RBI to open White Label ATMs in the country.

48. The only Indian cricketer of the country to feature in the top 10 of the ICC Player Rankings for ODI in May 2017?

Correct Answer: (1) Virat Kohli
Solution:India captain Virat Kohli was the lone cricketer from the country to feature in the top 10 of the ICC Players Rankings for ODIs in June 2017. He was ranked third in the list after South Africa's AB de Villiers and Australian David Warner. Other Indians to feature in the top 20 are Rohit Sharma (12th), M.S Dhoni (13th) and Shikhar Dhawan (15th).

49. Based on the UN Habitual Data, the World Economic Forum has recently named two Indian cities as the world's most crowded cities. The cities are Mumbai and

Correct Answer: (2) Kolkata
Solution:Two Indian cities Mum-bai and Kota have been named among the world's most crowded in a list topped by Dhaka, said World Economic Forum (WEF) citing UN Habitat data in May 2017. With a population density of 44,500 people per square kilometre, Dhaka, the capital of Bangladesh, is the most crowded city on the planet, followed by India's financial capital Mum-bai, home to 31,700 people per square kilometre at the second place.

50. 'LAF' is a monetary policy instrument which allows banks to borrow money through repurchase agreements. The alphabet 'L' in the abbreviation 'LAF' stands for

Correct Answer: (3) Liquidity
Solution:LAF stands for Liquidity Adjustment Facility. It is a monetary policy to which allows banks borrow money through repurchase agreements. LAF consists of repo and reverse repo operations. Repo or repurchase option is a collaterised lending i.e. banks borrow money from RBI to meet short term needs by selling securities. Reverse repo operation is when RBI borrows money from banks by lending securities.