RBI OFFICER GRADE ‘B’ PHASE-I EXAM Held on : 21.11.2015(Part-II)

Total Questions: 50

11. The 'Amber Palace' also known as the 'Amber Palace' is located in Amer, a town which is situated close to the Indian city of

Correct Answer: (2) Jaipur, Rajasthan
Solution:Amer is located 11 kilometres from Jaipur, Rajasthan. The Amer Fort, located high on a hill, is the principal tourist attraction in the Jaipur area. Amer Fort and five other forts of Rajasthan were declared UNESCO World Heritage Site in 2013.

12. Domestically developed torpedo system dubbed as 'Valfajit' has recently been test fired at

Correct Answer: (4) Iran
Solution:Iran, in October 2015, successfully test-fired the Val- Fajr' advanced torpedo system. The domestically developed torpedo system has a 220 kilogram warhead that can be used against heavy vessels. It can travel at high speeds and operate in deep or shallow waters.

13. Non-Banking financial intermediaries that provide services similar to traditional commercial banks outside the regulatory control of the central banks known as the

Correct Answer: (3) Shadow banks
Solution:Shadow banking refers to all the non-bank financial intermediaries that provide services similar to those of traditional commercial banks. They generally carry out traditional banking functions, but do so outside the traditional system of regulated depository institutions. The term 'shadow bank' was coined by Paul McCulley in 2007

14. According to Census 2011, the total number of working children in the age group of 5-14 years in the country was found to be around

Correct Answer: (4) 43.53 lacs
Solution:As per Census 2011, the number of working children in the age group of 5-14 years is 43.53 lakh. According to the Census 2001 figures there were 1.26 crore working children in the age group of 5-14 as compared to the total child population of 25.2 crore.

15. The 'Harmindar Sahib' also known as darbar Sahib is a holy sikh Gurudwara located in the city of

Correct Answer: (2) Amritsar, Punjab
Solution:The Harmandir Sahib, informally referred to as the "Golden Temple", is the holiest Sikh gurdwara located in Amritsar, Punjab. It was designed by the fifth guru, Guru Arjan. The holiest text of Sikhism, the Guru Granth Sahib, is present inside the Harmandir Sahib.

16. The ratio of deposits in current and savings account to total deposits of a bank is known as

Correct Answer: (5) CASA ratio
Solution:CASA (Current And Savings Account) ratio of a bank is the ratio of deposits in current and saving accounts to total deposits. A higher CASA ratio indicates a lower cost of funds. In India, it is used as one of the metrics to assess the profitability of a bank.

17. The 'Shishu Scheme' under the Pradhan Mantri MUDRA Yojna (PMMY) offers maximum loan up to

Correct Answer: (2) Rs. 50,000
Solution:Under 'Shishu' Scheme of the Pradhan Mantri MUDRA Yojana, loans up to Rs 50,000 will be sanctioned. This is the first stage when the business is just starting up.
  • Under 'Kishor' Scheme, loans above Rs 50,000 and up to Rs 5 Lakh will be provided.
  • Under 'Tarun' category, loan of above Rs 5 Lakh and up to Rs 10 Lakh will be sanctioned.

18. The term SIFT is used in financial world for those entities which are considered 'To big to fail'. The alphabet S in the abbreviation SIFT stands for

Correct Answer: (1) Systematically
Solution:In the financial world, SIFI stands for Systemically Important Financial Institution. It is a bank, insurance company, or other financial institution whose failure might trigger a financial crisis. As the 2007-2012 global financial crisis has unfolded, the international community has moved to protect the global financial system through preventing the failure of SIFIs.

19. 'Malabar 2015' was a high end war fighting navel exercise which was recently conducted by the navies of India, USA and

Correct Answer: (1) Japan
Solution:The naval forces from India, Japan and the US held the annual joint naval exercise, Exercise Malabar 2015, in the Bay of Bengal in October 2015. The 2015 Malabar Exercise marked the participation of Japan as a permanent member in the annual drill. Japan joined the exercise in 2007, 2009, and 2014 as a foreign invitee.

20. 'Abhishek Verma' has recently won India's first silver medal in the ______ world cup in.

Correct Answer: (1) Archery
Solution:Abhishek Verma, in October 2015, bagged India's first ever Archery World Cup Final medal in the compound section when he won a silver after being pipped by Turkey's Demir Elmaagcli in the summit clash in Mexico City. Verma had won the gold medal in the men's compound archery team event at the 2014 Incheon Asian Games.