RBI OFFICER GRADE ‘B’ PHASE-I EXAM Held on:18.08.2018 (Part-I)

Total Questions: 50

31. A loan offered by a group of lenders -who work together to provide funds for a single borrower is called a _________.

Correct Answer: (4) Syndicate
Solution:A syndicated loan is offered by a group of lenders (called a syndicate) who work together to provide funds for a single borrower. Each lender is expected to provide a defined percentage of the loan and re-ceives the same percentage of repayments in addition to in-terest payments. The loan can involve a fixed amount of funds, a credit line or a combination of the two.

32. Which of the following have been declared winners of 2018 Ramon Magsaysay Award?

Correct Answer: (1) Bharat Vatwani and Sonam Wangchuk
Solution:Two Indians Bharat Vatwani and Sonam Wangchuk were among six who were declared winners of 2018 Ramon Magsaysay Award, often referred to as Asian version of the Nobel Prize, in July 2018. Others are Youk Chhang (Cambodia), Maria de Lourdes Martins Cruz (East Timor), Howard Dee (Philippines) and Vo Thi Hoang Yen (Vietnam).

33. When was Sukanya Samridhi Scheme Launched?

Correct Answer: (5) 22 January, 2015
Solution:he Sukanya Samriddhi Yojana was launched as a part of the Beti Bachao, Beti Padhao campaign by the Modi government on 22 January, 2015. It is a small deposit scheme of the Government of India meant exclusively for a girl child. The scheme is meant to meet the education and marriage expenses of a girl child.

34. Which of the following is the minimum balance required for opening a sukanya samridhi account?

Correct Answer: (1) Rs. 250
Solution:Under the Sukanya Samriddhi Account (Amendment) Rules, 2018, the minimum amount required for opening a Sukanya Samriddhi account has been brought down to Rs. 250, from Rs. 1,000 earlier. the minimum amount required to be deposited in Sukanya Samriddhi account every year, has also been lowered to Rs. 250. The new rules came into effect from July 6, 2018.

35. Where is the headquarters of Jena Small Finance Bank located?

Correct Answer: (1) Bengaluru
Solution:Under the Sukanya Samriddhi Account (Amendment) Rules, 2018, the minimum amount required for opening a Sukanya Samriddhi account has been brought down to Rs. 250, from Rs. 1,000 earlier. the minimum amount required to be deposited in Sukanya Samriddhi account every year, has also been lowered to Rs. 250. The new rules came into effect from July 6, 2018.

36. The headquarter of Corporation Bank is situated at _________.

Correct Answer: (4) Mangalore
Solution:Corporation Bank is a public-sector banking company headquartered in Mangalore, Karnataka. Founded on 12 March 1906, the bank has a pan-Indian presence. Presently, the bank has a network of 2,440 fully automated CBS branches, 3,040 ATMs, and 4,724 branchless banking units across the country.

37. The headquarters of IDFC is located in __________.

Correct Answer: (2) Chennai
Solution:Infrastructure Development Finance Company (IDFC) is a finance company based in Chennai, Tamil Nadu. Founded in 1997, it provides finance and advisory services for infra-structure projects as well as asset management and investment banking. In 1998 the company registered with the Reserve Bank of India (RBI) as a non-banking financial company and in 1999 it formally became a Public Financial Institution.

38. 'Why I am Hindu' is a book written by which of the following?

Correct Answer: (4) Shashi Tharoor
Solution:Why I Am A Hinduis a 2018 book by Indian politician Shashi Tharoor. In the book, Tharoor writes about the history of Hinduism and its core tenets, as well as socio-cultural developments in India that relate to the religion, while elucidating his own religious convictions. The book is considered to be a repudiation of Hindu nationalism.

39. 'Rani Ki Vav' is a heritage site located in which of the following states?

Correct Answer: (4) Gujarat
Solution:Rani ki vav is an intricately constructed stepwell situated in Patan, Gujarat. It is located on the banks of Saraswati River. Rani ki vav was built as a memorial to an 11th-century Chalukya king Bhima I. It was added to the list of UNESCO's World Heritage Sites.

40. A banking outlet which does not provide delivery of service for a minimum of ________ per day and for at least 5 days a week will be considered a 'Part-time Banking Outlet'.

Correct Answer: (4) 4 hours
Solution:According to RBI's revised guidelines on rationalization of branch authorization policy, released in May 2017, a banking outlet which does not provide delivery of service for a minimum of 4 hours per day and for at least 5 days a week will be considered a 'Part-time Banking Outlet'.