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

The Financial Stability Board consists of 68 member institutions.
● It comprises several central banks, ministries of finance, and supervisory and regulatory authorities from 25 juris- dictions, as well as 10 international organizations and six Regional Consultative Groups (RCGs).

Capital expenditure is the money spent by the government on the development of machinery, equipment, building, health facilities, education, etc. It includes money spent on the following:
● Acquiring fixed and intangible assets
● Upgrading an existing asset
● Repairing an existing asset
● Repayment of loan

With a market cap of Rs. 1,563,887 crores Reliance Industries was the company with the highest market cap in July 2022.
● With a market cap of Rs. 1,266,031 crores, Tata Consultancy Services (TCS) was in the second position in the Indian industries list.
● HDFC Bank came third, followed by Infosys and Hindustan Unilever at fourth and fifth positions.

RRBs are jointly owned by Government of India(GOI), Sponsor Bank and the concerned State Government and with share proportion 50%, 35% and 15% respectively.
● Regional Rural banks (RRBs) in India were established by Government of India, under provisions of RRBs Act 1976.

Tata Consultancy Services (TCS), in April 2022, expanded its strategic partnership with SBI Cards and Payments Services Ltd to power SBI Card’s digital transformation.
● TCS has been providing services to SBI Card for over a decade since 2008.

In India, the second largest provider of employment after agriculture is Textile Sector.
● It is the only industry that has generated huge employment for both skilled and unskilled labour in textiles.
● It offers direct employment to over 35 million in the country.

'Kavach' is India's indigenously developed Automatic Train Protection (ATP) system has been built to help the Railways achieve the goal of "zero accidents.
● It is the world's cheapest automatic train collision protection system.
● Kavach literally means armour.

The Karnataka Khadi Gramodyog Samyukta Sangha (KKGSS) is the only unit in India that is authorised to manufacture and supply the Indian flag.
● It is located Hubli City of Dharwad district of the state.
● It was founded on 1 November 1957 by a group of Gandhians.

ISRO, in May 2022, announced to launch the Venus mission by December 2024.
● The aim of the mission is to study Venus' atmosphere, which is toxic and corrosive in nature as clouds of sulfuric acid cover the planet.

The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) was originally formed as BIST-EC (Bangladesh, India, Sri Lanka, and Thailand Economic Cooperation) in Bangkok on 6 June 1997.
● Following the inclusion of My- anmar on 22 December 1997 in Bangkok, the Group was renamed 'BIMST-EC'.