RBI OFFICER GRADE ‘B’ PHASE-I EXAM Held on : 22.11.2015 (Part-III)

Total Questions: 50

31. Which of the following has set up the Central Repository of Information on Large Credits (CRILC) to collect, store and disseminate data on all borrowers' credit exposures?

Correct Answer: (1) RBI
Solution:RBI has set up the CRILC to collect, store and disseminate data on all borrowers' credit exposures including Special Mention Accounts (SMA 0, 1 & 2) having aggregate fund-based and non-fund based exposure of Rs.50 million and above.

32. What is the minimum capital requirement for starting small banks?

Correct Answer: (2) Rs. 100 crore
Solution:According to the RBI draft guidelines, issued in August 2014, small banks can be set up with a minimum capital of Rs 100 crore as against Rs 500 crore required for normal commercial banks. Small banks are 'niche' or 'differentiated banks, which aims to further financial inclusion.

33. As per a recent Thomson Reuters report, which country is the biggest consumer of gold in the world?

Correct Answer: (1) India
Solution:GFMS team of Thomson Reuters on 17 October 2015 released Gold Survey Q3 2015 Review and Outlook. The sur vey says that India regained its top position replacing China as the biggest overall consumer of gold in the first nine months of year 2015.

34. Which of the following countries has the most business-friendly regulatory environment?

Correct Answer: (1) Singapore
Solution:World Bank on 27 October 2015 released Doing Business 2016 report. As per the report, the ten economies with the most business-friendly regulatory environments includes Singapore (1), New Zealand (2); Denmark (3); Republic of Korea (4); Hong Kong SAR, China (5); United Kingdom (6); United States (7); Sweden (8); Norway (9); and Finland (10).

35. Consumer Confidence Survey is conducted by

Correct Answer: (5) Reserve Bank of India
Solution:The Reserve Bank of India has been conducting Consumer Confidence Survey of Households (CCS) on a quarterly basis since June 2010. The survey aims at capturing subjective assessments of around 5,400 respondents across 6 metropolitan cities viz., Bangalore, Chennai, Hyderabad, Kolkata, Mumbai and New Delhi.

36. What is India's rank in terms of ease of doing business for domestic firms?

Correct Answer: (4) 130th
Solution:World Bank on 27 October 2015 announced that India ranked 130 out of the 189 countries surveyed in terms of ease of doing business for domestic firms. As per the report. India could improve its ranking by 12 places from the 142nd position of the 2015 report by undertaking significant improvements in the regulatory framework for starting new businesses.

37. The South Asian Rugby 7'S Championship in 2016 will be hosted in

Correct Answer: (2) Jammu and Kashmir
Solution:Jammu and Kashmir Minister for Youth Services and Sports Molvi Imran Raza Ansari on 27 October 2015 announced that Kashmir Valley will host South Asian Rugby 7'S Championship in 2016. The Championship will be participated by eight teams consisting of 180 participants from various countries.

38. As per a recent World Bank report, _______ is the World's largest remittance recipient.

Correct Answer: (3) India
Solution:As per the 'Migration and Development Brief,' released by the World Bank in October 2015, India is the World's largest remittance recipient. As per the report, remittances to India are projected to increase by 2.5 percent in 2015, well above the 0.6 percent increase in 2014.

39. Which of the following is not related to RTGS?

Correct Answer: (3) It operates on a Deferred Net Settlement (DNS) basis
Solution:NEFT operates on a Deferred Net Settlement (DNS) basis which settles transactions in batches. In DNS, the settlement takes place with all transactions received till the particular cut-off time. In RTGS, the transactions are settled individually and continuously throughout the business hours.

40. Which Indian movie bagged People's Choice Award at Rome Film Festival 2015?

Correct Answer: (1) Angry Indian Goddesses
Solution:Director Pan Nalin's film, Angry Indian Goddesses, on 25 October 2015 was awarded with BNL People's Choice Award at the 10th Rome Film Festival held in Rome, Italy. The award was presented by the BNL Gruppo BNP Parib-as.