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

Total Questions: 50

41. The first ATM was set up in Mumbai in 1987 by

Correct Answer: (4) HSBC Bank
Solution:The first ATM in India was installed at Andheri East in Mumbai in 1987. It was installed by Hongkong and Shanghai Banking Corporation (HSBC) bank for its Sahar Road Branch. The first use of ATM magstripe cards is said to have been made in 1969 when Docutel installed its Docuteller machine at New York's Chemical Bank.

42. All those persons who are en- gaged in selling or marketing mutual fund products are required to obtain certification from

Correct Answer: (5) AMFI
Solution:SEBI has made it mandatory for any entity/person engaged in marketing and selling of mutual fund products to pass the Association of Mutual Funds in India (AMFI) certification test (Advisors Module) and obtain a registration number from AMFI. Firms and corporates will have to obtain certificate of registration from AMFI and all employees of corporate distributors engaged in selling and marketing or mutual fund products have to pass the AMFI certification test (Advisors Module) and obtain registration with AMFI before canvassing the business of mutual funds.

43. Union Bank of India is one of the major Public Sector Banks in India. It is headquartered in

Correct Answer: (1) Mumbai
Solution:Union Bank of India is headquartered in Mumbai, Maharashtra. It is one of the largest government-owned banks of India (the government owns 60.13% of its share capital). It is listed on the Forbes 2000, and has assets of USD 13.45 billion.

44. Prime Minister Shri Narendra Modi recently (October, 2015) laid the foundation of the new capital city of the Indian state of

Correct Answer: (2) Andhra Pradesh
Solution:Prime Minister Narendra Modi, on 22 October 2015, laid the foundation stone for Amravati, the new capital city of Andhra Pradesh, at Uddan- darayunipalem village of Guntur district. The new capital will be is located on the southern banks of the River Krishna.

45. Security Printing and Minting Corporation of India Limited (SPMCIL) has four mints in India. These four government mints are situated in

Correct Answer: (5) Mumbai, Kolkata, Hyderabad and Noida
Solution:SPMCIL comprises four mints: India Government Mint, Mumbai, India Government Mint, Kolkata, India Government Mint, Hyderabad, and India Government Mint, Noida. These mints produce coins, and medals and awards, as required by the Government of India.

46. A 'cover note' is the first legal document that is issued in lieu of

Correct Answer: (1) an insurance policy
Solution:A temporary document issued by an insurance company that provides insurance coverage until a final insurance policy can be issued. A cover note is different than a certificate of insurance or an insurance policy document. The note features the name of the insured, the insurer, the coverage, and what is being covered by the insurance.

47. In order to sign up for your recently launched Digital Locker (DIGI Locker) by Gov- ernment of India, one needs to have a mobile phone number linked to a

Correct Answer: (1) Aadhaar Number
Solution:To Sign-Up for Digital Locker, a person needs Aadhaar number and a Mobile number that is linked to that Aadhaar Number. Digital Locker is a key initiative under Digital India program. It aims at eliminating the use of physical documents and enables sharing of verified electronic documents across agencies.

48. Union Home Minister Rajnath Singh recently inaugurated the 'Indian Police Foundation (IPF)' and the 'Indian Police Institute (IPI)' in

Correct Answer: (4) New Delhi
Solution:Union Home Minister Rajnath Singh, in October 2015, inaugurated the Indian Police Foundation and the Indian Police Institute in New Delhi. These institutes aim at embarking a culture of research and evidence-based policing in India and to avoid subjectivity, personal biases and errors in decision-making.

49. The installation of 'Talking ATMs' is aimed at making ATMs friendly for

Correct Answer: (3) Differently-abled users
Solution:The RBI, in May 2014, stressed the need for Bank Branches / ATMs to be made accessible to persons with disabilities. In this regard, it advised banks to provide, inter alia, ramps in all existing and future ATMs, and make at least one third of new ATMs installed as talking ATMs with Braille keypads.

50. The online fashion portal 'www.abof.com' has recently been launched by

Correct Answer: (2) Aditya Birla Group
Solution:The Aditya Birla Group, in October 2015, launched www.abof.com-a new online fashion store that will offer shoppers brands from both the Aditya Birla Group and other companies. The portal will mostly cater to those in the 18-25 age group.