RBI OFFICER GRADE ‘B’ PHASE-I EXAM Held on : 28.05.2022 (Part-III)

Total Questions: 50

21. Which of the following is the full form of the acronym ONDC?

Correct Answer: (4) Open Network for Digital Commerce
Solution:

Open Network for Digital Commerce (ONDC) is a private non-profit Section 8 company established by the Department for Promotion of Industry and Internal Trade (DPIIT) to develop open e-commerce.
● It was incorporated on 31 December 2021.

22. Who among the following recently took over as the Executive Director of Federal Bank?

Correct Answer: (5) Shyam Srinivasan
Solution:

Shyam Srinivasan was reappointed as the managing director (MD) and chief executive officer (CEO) of Federal Bank in July 2021.
● He was reappointed for a period of three years with effect from 23 September 2021 till 22 September 2024.

23. Who recently became the sixth-highest run scorer for India in ODIs?

Correct Answer: (2) Rohit Sharma
Solution:

Indian skipper Rohit Sharma, in December 2022, surpassed former batter Mohammed Azharuddin to become the sixth-highest run-getter for his country in ODI cricket.
● He accomplished this record during India’s ODI against Bangladesh at Dhaka.

24. Which of the following metros recently successfully created a Guinness World Record by constructing the longest double-decker viaduct?

Correct Answer: (3) Nagpur Metro
Solution:

Nagpur Metro in Maharashtra, in December 2022, entered Guinness Book of World Records for creating the longest double-decker viaduct metro measuring 3.14 km on Wardha Road.
● The double-decker viaduct has already been certified as the longest structure in Asia and India by Asia Book of Records and India Book of Records respectively.

25. Till which of the following years was the “Stand Up India Scheme” extended recently?

Correct Answer: (3) 2025
Solution:

The Government of India, in July 2021, extended the duration of the ‘Stand Up India Scheme’ up to the year 2025.
● The scheme was launched by the Prime Minister on 5 April 2016 to facilitate loans to Scheduled Caste, Scheduled Tribe, and women borrowers, to promote entrepreneurship among them.

26. What is the uniform premium rate to be paid by farmers of Kharif crops under the Pradhan Mantri Fasal Bima Yojana?

Correct Answer: (3) 2%
Solution:

Under Pradhan Mantri Fasal Bima Yojana, there is a uniform premium of only 2% to be paid by farmers for all Kharif crops and 1.5% for all Rabi crops.
● In the case of annual commercial and horticultural crops, the premium to be paid by farmers will be only 5%.

27. As per the guidelines issued by the Reserve Bank of India in June 2021, each NBFC-MFI is required to maintain not less than ______ of its net assets as 'qualifying assets.

Correct Answer: (5) 85%
Solution:

NBFC MFI is a non-deposit-taking NBFC (other than a company certified u/s 25 of the Indian Companies Act, 1956) that meets the ensuing conditions.
● Minimal Net possessed finances (NOF) of Rs. 5 crores. (For those registered in the North Eastern Region of the country, Rs. 2 crores is needed as minimal NOF).
● At least 85 of its Total Net means are in the nature of Qualifying means.

28. Who among the following was appointed as the new Vice Chief of the Army Staff in April 2022?

Correct Answer: (1) B.S. Raju
Solution:

The Army’s Director General of Military Operations, Lt. Gen. B.S. Raju, was appointed the next Vice Chief of the Army Staff on 29 April 2022.
● Raju’s appointment is a rare instance where a three star officer will be first taking over as Vice Chief before serving tenure as an Army Commander.

29. Which of the following cities is known as the Life Sciences capital of India?

Correct Answer: (2) Hyderabad
Solution:

Hyderabad is recognized as the Life Science Capital of India.
● Hyderabad, the capital city of Telangana, has emerged as a leading life sciences hub in Asia housing more than 800 life sciences centers.
● Bengaluru is known as the Science Capital of India.

30. Which of the following women weightlifters won silver medal in the World Weightlifting Championships 2022?

Correct Answer: (3) Chanu Saikhom Mirabai
Solution:

At the World Weightlifting Championships 2022, India’s Mirabai Chanu won a silver medal in the women’s 49kg category.
● It was her second medal at the World Weightlifting Championships.
● The World Weightlifting Championships 2022 was held in Bogota, Colombia, in December 2022.