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

Total Questions: 50

21. The 2015 National Prize for economics has been conferred upon

Correct Answer: (1) Angus Deaton
Solution:The Nobel Prize Committee, in October 2015, awarded the 2015 Nobel in Economic Sciences to Angus Deaton of Princeton University, "for his analysis of consumption, poverty, and welfare." Prof. Deaton is best known for his work on health, well being, and economic development.

22. The foundation stone of India's first dedicated mobile manufactured electronics cluster has recently been laid at

Correct Answer: (4) Tirupati, Amdhra Pradesh
Solution:Prime Minister Narendra Modi, in October 2015, laid the foundation stone of Shri Venkateswara Mobile and Electronics Manufacturing Hub in Tirupati, Andhra Pradesh. It is country's first dedicated mobile manufacturing electronics cluster to be established in lines with Union Government's flagship Make in India initiative.

23. The winner of the 2015 Denmark Open Badminton women's single Title is

Correct Answer: (4) Li Xuerui of China
Solution:China's Xuerui Li, in October 2015, won the prestigious 2015 Denmark Open Badminton Title in the women's single category. In the final match played at Odense, Denmark, she defeated P V Sindhu of India by 19-21, 12- 21 score. It was Li's second title of Denmark Open.

24. According to Reserve Bank of India (RBI) guidelines, payment banks are not permitted to

Correct Answer: (5) undertake non-banking financial services through subsidies
Solution:As per the RBI guidelines, Payment banks are not allowed to set up subsidiaries to undertake non-banking financial services activities. Some of the other don'ts for payment banks are as follows:
  • No NRI deposits should be accepted;
  • Cannot issue credit card;
  • Other financial and non-financial services activities of the promoters should not be mingled with the working of payment banks.

25. The Aadhar based 'digital-life- certificate' for pensioners is known as the

Correct Answer: (3) Jeevan Prama'an
Solution:Jeevan Pramaan is an "Aadhaar-based Digital Life Certification system with an objective to facilitate online submission of Life Certificate by pensioners. It was launched by Prime Minister Narendra Modi on 10 November, 2014. This facility is in addition to the other existing methods of submitting Life Certificates.

26. IDF is a debt instrument set up by the finance ministry in order to channelize long term funds into infrastructure projects which require long- term stable capital investments. The alphabet F in the abbreviation IDF stands for

Correct Answer: (1) Fund
Solution:IDF stands for Infrastructure Debt Fund. IDFs are investment vehicles which can be sponsored by commercial banks and NBFCs in India in which domestic/offshore institutional investors, specially insurance and pension funds can invest through units and bonds issued by the IDFs.

27. The largest producer of coffee in the world is

Correct Answer: (1) Brazil
Solution:Brazil is the undisputed largest coffee producing country in the world. As per the 2014 figures, its total annual production is about 2,720,520 metric tonnes. Coffee plantations cover about 27,000 square kilometers of Brazil with the majority located in Minas Gerais, Sao Paulo, and Parana. Vietnam and Colombia come at second and third positions.

28. South Asian Rugby 7's championship 2016 shall be held in

Correct Answer: (3) India
Solution:As per an announcement made in October 2015, Jammu and Kashmir in India will host South Asian Rugby 7'S Championship in 2016. The Championship will be participated by eight teams consisting of 180 participants from Sri Lanka, Pakistan, Afghanistan, Nepal, Bhutan, Bangladesh and India.

29. The HRIDAY scheme has been launched by the government of India in January 2015 with the aim of holistic development of

Correct Answer: (3) Heritage cities
Solution:The National Heritage City Development and Augmentation Yojana (HRIDAY) scheme was launched on 21st January, 2015 for the holistic development of heritage cities. It is being implemented in 12 identified cities: Ajmer, Amaravati, Amritsar, Badami, Dwarka, Gaya, Kanchipuram, Mathura, Puri, Varanasi, Velankanni and Warangal.

30. The interest rates on the senior citizens savings scheme (SCSS) for the financial year 2015-16 has been enchanced to

Correct Answer: (2) 9.3 per cent
Solution:The Finance Ministry, on 31 March 2015, enhanced the interest rates for Senior Citizens Savings Scheme (SCSS) from 9.2% to 9.3%. The interest rate is payable from the date of deposit of 31st March/ 30th Sept/31st December in the first instance & thereafter, interest shall be payable on 31st March, 30th June, 30th Sept and 31st December.