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

Total Questions: 50

41. The Fugitive Economic Offenders Bill, 2018 was introduced in the Lok Sabha, on 12 March, 2018. It seeks to confiscate properties and assets of economic offenders that evade prosecution by remaining outside the jurisdiction of Indian courts. The minimum amount for consideration would be

Correct Answer: (4) 100 crores
Solution:Economic offences with a value of more than Rs. 100 crores, which are listed in the schedule of the Fugitive Economic Offenders Bill, come under the purview of this law. As per the Bill, a court ('Special Court' under the Prevention of Money Laundering Act, 2002) has to declare a person as a Fugitive Economic Of-fender.

42. Section 22 of the Banking Regulation Act, 1949 deals with which of the following?

Correct Answer: (2) Licensing of banking companies
Solution:
Section 22 of Banking Regulation Act, 1949 deals with Licensing of banking companies. It states that no company shall carry on banking business unless it holds a license issued in that behalf by the Reserve Bank of India and any such license may be issued subject to such conditions as the RBI may think fit to impose.

43. Which of the following connects the Mediterranean Sea with the Red Sea?

Correct Answer: (4) Suez Canal
Solution:The Suez Canalis an artificial sea-level waterway in Egypt, connecting the Mediterranean Sea to the Red Sea through the Isthmus of Suez. Constructed during 1859-1869, it offers watercraft a shorter journey between the North Atlantic and northern Indian Oceans via the Mediterranean and Red Seas by avoiding the South Atlantic and southern Indian Oceans.

44. Sabarimala Sastha temple is located in the state of _________.

Correct Answer: (2) Kerala
Solution:Sabarimala Sastha Templeis located in Pathanamthitta district of Kerala. Dedicated to Lord Ayyappa, the temple is perched on Sabarimala hill at an elevation of around 3000 feet above the sea level. The temple is said to be consecrated by Maharishi Parasurama who is also believed to be the founder of Kerala.

45. Moon Jae-In is the president of which of the following countries?

Correct Answer: (5) North Korea
Solution:Moon Jae-in is a South Korean politician serving as the 19th and current President of South Korea since 2017. He was elected after the impeachment of Park Geunhye as the candidate of the Democratic Party. He was also a candidate for the former Democratic United Party in the 2012 presidential election in which he lost narrowly to Park Geun-hye.

46. India is in talks with which country to procure National Advanced Surface-to-Air Missile System-II (NASAMS-II), an advanced air defence systemto defend National Capital Region (NCR) from aerial attacks?

Correct Answer: (1) USA
Solution:India is in talks with United States to procure National Advanced Surface-to-Air Mis-sile System-II (NASAMS-II), an advanced air defence system at $1 billion to defend National Capital Region (NCR) from aerial attacks. NASAMS-II is an upgraded version of the NA-SAMS developed by Raytheon in partnership with KONGS-BERG Defence and Aerospace of Norway. It has been operational since 2007.

47. Kylian Mbappe is a player associated with the game of __________.

Correct Answer: (2) Football
Solution:Kylian Mbappe is a French professional footballer who plays as a forward for Ligue 1 club Paris Saint-Germain and the France national team. At the age of 19, he has been labelled the best young player in the world, and has been projected as the future best player in the world.

48. Which country was the last to join the BRICS?

Correct Answer: (4) South Africa
Solution:BRICS is the acronym coined for an association of five major emerging national economies: Brazil, Russia, India, China and South Africa. Originally the first four were grouped as "BRIC" (or "the BRICs"), before the induction of South Africa in 2010.

49. Manav Thakkar and Manush Shah play __________.

Correct Answer: (5) Table tennis
Solution:Manav Thakkar and Manush Shah are Indian table tennis players. They won the gold med-al in junior boys doubles at the 2017 Slovenia Open Junior and Cadet Open at Otocec in September 2017. They also won silver medal in the Czech Junior and Cadet Open, which is part of the ITTF Premier Junior Circuit in February 2018.

50. SCOTUS stands for _________.

Correct Answer: (3) Supreme Court of the U.S.
Solution:SCOTUS refers to the Supreme Court of the United States. It is the highest court in the federal judiciary of the United States. Established pursuant to Article III of the U.S. Constitution in 1789, the Court normally consists of the Chief Justice of the United States and eight associate justices who are nominated by the President and confirmed by the Senate.