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

Total Questions: 50

31. The term 'Abenomics' refers to economic policies advocated by Shinzo Abe, the Prime Minister of

Correct Answer: (3) Japan
Solution:Abenomics refers to the economic policies advocated by Shinzo Abe since the December 2012 general election, which elected him to his second term as Prime Minister of Japan. Abenomics is based upon “three arrows” of fiscal stimulus, monetary easing and structural reforms.

32. The Urban Housing Mission 'ABAAS' which aims to provide affordable housing to economically weaker section of society by the Government of state was recently launched by the Indian State of

Correct Answer: (4) Odisha
Solution:ABAAS — the Odisha Urban Housing Mission - that envisages at providing all residents of urban areas access to range of housing options in the State was launched in October 2015. The mission will supplement the central scheme Pradhan Mantri Awas Yojana (PMAY).

33. The European Union Prestigious Sakharov Prize for Freedom of Thought has recently been won by Raif Badami of

Correct Answer: (5) Saudi Arabia
Solution:Saudi blogger Raif Badawi was, on 29 October 2015, awarded Sakharov Prize for Freedom of Thought for the year 2015. Badawi, author of the website Free Saudi Liberals, was convicted of insulting Islam in 2012 and was sentenced to 10 years in jail and 1000 lashes.

34. The Annual Insurance Premium (per member) under the PMJJBY Scheme is

Correct Answer: (3) Rs. 330
Solution:The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) offers a renewable life insurance cover of Rs 2 lakh with just a mere premium of Rs 330. Any Indian resident within the age group of 18 to 50 years is eligible to avail the scheme, provided he or she has a saving bank account with which the scheme would be attached.

35. The Indira Sagar Dam is a multipurpose project on the river in the Indian State of Madhya Pradesh.

Correct Answer: (2) Narmada
Solution:The Indirasagar Dam is a multipurpose project on the Narmada River at Narmadanagar, Mundi in the Khandwa district of Madhya Pradesh. It was commissioned on May 2005. Its downstream projects are Omkareshwar, Maheshwar, and Sardar Sarovar Project.

36. A fraudster calling a customer posing as a bank executive or an official from the Reserve Bank of India for recollecting private information for identity theft is termed as

Correct Answer: (3) Vishing
Solution:Vishing is the act of using the telephone in an attempt to scam the user into surrendering private information that will be used for identity theft. The scammer usually pretends to be a legitimate business, and fools the victim into thinking he or she will profit.

37. The theme of the 19th International Children's Film Festival of India 2015 (ICFFI) held in Hyderabad was

Correct Answer: (4) Digital India
Solution:‘Digital India’ was the theme of the International Children’s Film Festival of India (ICFFI) 2015 that was held in Hyderabad in November 2015. ICFFI is popularly known as The Golden Elephant. It is organized annually by the Children’s Film Society, India (CFSI).

38. The facility where in account holders name a person to whom the money lying their account should be given in the event of their death is known as

Correct Answer: (4) Nomination
Solution:Nomination is a facility that enables a deposit account holder(s) (individual or sole proprietor) or safe deposit locker holder(s) to nominate an individual, who can claim the proceeds of the deposit account(s) or contents of the safe deposit locker(s), post the demise of the original depositor(s) or locker holder(s).

39. Which of the following taxes has been abolished as per budget, 2015?

Correct Answer: (2) Wealth Tax
Solution:The Union Budget 2015-16 abolished the wealth tax. The step will make it easier for super rich individuals to file their tax returns and lead to the widening of the tax net. However, the budget imposed an additional surcharge of 2 per cent on individuals with taxable income of Rs 1 crore and above, bringing the total surcharge to 12 percent.

40. The mobile wallet services 'M- Pesa' has been introduced by Vodafone in partnership with

Correct Answer: (3) ICICI Bank
Solution:Vodafone India and ICICI Bank, in April 2013, announced the launch of ‘M-Pesa’ - a mobile money transfer and payment service. Vodafone offers mobile payment services across the world under the ‘M-Pesa’ brand. M-Pesa (M for mobile, ‘pesa’ is Swahili for money) is mobile money that was developed by Safricom in East Africa, Kenya.