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

Total Questions: 50

21. The Asian Development Bank (ADB) is a regional development bank established in 1966 It is headquartered in

Correct Answer: (3) Metro Manila, Philippines
Solution:The Asian Development Bank (ADB) is headquartered in the Ortigas Center of Mandaluyong, located in Metro Manila, Philippines. ADB is a regional development bank that was established on 19 December 1966.

22. Which of the following is the minimum lending rate which the banks can charge their customers?

Correct Answer: (4) Base Rate
Solution:Base rate is the minimum lending rate that banks charge their. It is the floor rate for all loans that banks provide barring a few exceptions like loans against deposits, staff loans to bank employees, etc. Base rate replaced the Benchmark Prime Lending Rate on July 1, 2010.

23. The segment of money market which pertains to day-to-day funds requirements of the bank is known as

Correct Answer: (1) Call Money Market
Solution:Call Money Market refer to the markets for very short term funds. It is basically an inter-bank money market where funds are borrowed and lent, generally for one day. It is also known as over-night borrowing market (also called money at call). Borrowing in this market may take place against securities or without securities.

24. Telecommunication Service Provider 'Reliance Communications (RCOM)' has recently (November, 2015) announced the takeover of the Indian wireless business of

Correct Answer: (3) MTS
Solution:Reliance Communications (RCom), on 2 November 2015, entered into an agreement to acquire Russian conglomerate Sistema JSFC’s Indian telecom business. Under the agreement, Sistema Shyam Teleservices Ltd (SSTL), which provides telecom services under the MTS brand, will be merged with RCom. RCom is India’s fourth-largest telecom operator.

25. 'Rajiv Gandhi International Airport' serves the metropolis of

Correct Answer: (4) Hyderabad, Telangana
Solution:Rajiv Gandhi International Airport is an international airport serving the metropolis of Hyderabad located at Shamshabad. It is also known as Hyderabad International Airport. It is the fifth-busiest airport in India by international and overall passenger traffic.

26. The 'Bank Rate' is periodically announced by the

Correct Answer: (3) Reserve Bank of India (RBI)
Solution:Bank rate in India is determined by Reserve Bank of India (RBI). It is the rate at which RBI gives loan to commercial banks without keeping any collateral. The RBI also provides short term loans to its clients (keeping collateral) which is called the repo rate. RBI revises this rate periodically.

27. 'Nuakhar' or 'Nuankhal is an important agricultural festival mainly observed by people in the Indian state of

Correct Answer: (5) Odisha
Solution:Nuakhai or Nuankhai s an agricultural festival mainly observed by people of Western Odisha. It is observed to welcome the new rice of the season. Nuakhai is also called Nuakhai Parab or Nuakahi Bhetghat. The word nua means new and khai means food.

28. On which date is the National Unity Day celebrated in India?

Correct Answer: (4) 31 October
Solution:The Modi government in October 2014 declared 31 October as Rashtriya Ekta Diwas or National Unity Day to mark the birth anniversary of country’s first home minister Sardar Vallabhbhai Patel. Patel served as the Home Minister of India from 15 August 1947 till his death on 15 December 1950.

29. The first listed company of India to sign revised Listing Agreements with BSE and NSE is

Correct Answer: (2) Reliance Industries
Solution:Reliance Industries Limited (RIL), in October 2015, signed the revised listing agreement with the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) as mandated under the newly introduced Listing Regulation notified by SEBI. With this, RIL became the first listed company to conform to SEBI norms.

30. The newly launched PMKSY scheme with an allocation of Rs. 50,000 crore spread over a period of five years, aims to achieve a holistic development of

Correct Answer: (5) Irrigation & Potential
Solution:The Pradhan Mantri Krishi Sinchai Yojana (PMKSY) will amalgamate three major on-going irrigation programmes of the Centre to achieve a holistic development of irrigation potential. It also aims at bringing the ministries, departments, agencies, financial institutions - engaged in creation, use and recycling of water - under a common platform.