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

Total Questions: 50

11. Which of the following mountaineers is the first Indian to summit Mount Everest a record six times?

Correct Answer: (1) Loveraj Singh
Solution:Uttarakhand mountaineer Love Raj Singh Dharmshaktu, in May 2017, became the first Indian to summit Mount Everest a record six times. The mountaineer, a Padma Shri awardee, works as an assistant commandant with the Border Security Force in Dehradun.

12. __________ provide liquidity for global financial system and capital markets make up financial market.

Correct Answer: (3) Money Markets
Solution:Money markets provide liquidity for the global financial system. Along with capital markets, money markets make up the financial market. The money market consists of financial institutions and dealers in money or credit who wish to either borrow or lend. Participants borrow and lend for short periods, typically up to thirteen months.

13. The India Aspiration Fund (IAF) is a fund of funds that would invest in venture capital funds for meeting the capital requirement of

Correct Answer: (4) MSME start-ups
Solution:India Aspiration Fund (IAF) is a Fund of Fundsby Small Industries Development Bank of India (Sidbi), which would invest in Venture Capital Funds for meeting the equity requirements of MSMEs, especially Start-ups. It was launched by Union Finance Minister Arun Jaitley on 18 August, 2015.

14. Which of the following banks recently became the first bank against which the revised PCA was invoked by the RBI?

Correct Answer: (2) IDBI Bank
Solution:The RBI, in May 2017, initiated 'prompt corrective action' on IDBI Bank which will restrict bank from hiring, opening branches and giving big ticket loans. IDBI Bank has, thus, become the first bank against which the revised PCA has been invoked. The directions from the RBI is aimed at ensuring that the bank takes measures to cut down its losses by reducing expenses and recovering problem loans.

15. A security whose income payments and hence value are derived from and collateralized (or "backed") by a specified pool of underlying assets is known as

Correct Answer: (2) Asset backed security
Solution:An asset-backed security (ABS) is a security whose in-come payments and hence value are derived from and collateralized by a specified pool of underlying assets. The pool of assets is typically a group of small and illiquid assets which are unable to be sold individually. Pooling the assets into financial instruments allows them to be sold to general investors, a process called securitization, and allows the risk of investing in the underlying assets to be diversified.

16. 'Equity-linked Savings Scheme' (ELSS) are open-ended diversified equity schemes offered by

Correct Answer: (4) Mutual Funds
Solution:Equity-linked savings scheme popularly known as ELSS are open-ended, diversified equity schemes offered by mutual funds in India. They offer tax benefits under the new Section 80C of Income Tax Act 1961. ELSS can be invested using both SIP (Systematic In-vestment Plan) and lump sums investment options.

17. India's first Small Finance Bank, the 'Capital Small Finance Bank' is headquartered in

Correct Answer: (5) Jalandhar
Solution:Capital Small Finance Bank, India's first small finance bank, is headquartered in Jalandhar. It had been operating as Capital Local Area Bank since January 2000 with 47 branches in five districts of Punjab. It is among the 10 entities that were given the in-principle approval by the Re-serve Bank of India (RBI) to set up small finance banks.

18. The alphabet 'D' in the abbreviation 'NSDL' stands for

Correct Answer: (4) Depository
Solution:NSDL stands for National Securities Depository Limited. It is an Indian central securities depository based in Mum-bai. It was established on 8 November 1996 as the first electronic securities depository in India. NSDL is promoted by Industrial Development Bank of India Limited (IDBI), Unit Trust of India and National Stock Exchange of India Limited (NSE).

19. The 'LTV ratio' is a financial term commonly used by lenders and building securities to express the ratio of a loan to the value of an asset purchased. The alphabet 'V' in the abbreviation 'LTV' stands for

Correct Answer: (4) Value
Solution:LTV stands for Loan to Value. The loan-to-value (LTV) ratio is a financial term used by lenders to express the ratio of a loan to the value of an asset purchased. The term is commonly used by banks and building societies to represent the ratio of the first mortgage line as a percentage of the total appraised value of real property.

20. India's first underwater metro rail tunnel has recently {May 2017) been completed under the

Correct Answer: (3) Hooghly River
Solution:India's first underwater metro rail tunnel, named East West Metro, was in May 2017 completed underthe Hooghly river for establishing metro link between Howrah and Kolkata. Rachna, a giant tunnel-boring machine (TBM), was deployed to dig the underwater tunnel that runs a length of 502 metres under the river.