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Question 41

RBI Grade B Officer 2022• General Awareness• General Awareness

How much additional subsidy is allocated to Fertilizers by the government of India in Union Budget FY22-23?

  1. AOption (a)

    ₹3.40 lakh crore

  2. BOption (b)

    ₹2.10 lakh crore

  3. COption (c)

    ₹1.50 lakh crore

  4. DOption (d)

    ₹1.10 lakh crore

  5. EOption (e)

    None of the above

View answer & explanation

Correct answer

Answer: (d)D.

₹1.10 lakh crore

Why this answer is correct

The government's total fertilizer subsidy is likely to touch a record ₹2.15 lakh crore in the current fiscal. The fertilizer subsidy bill was estimated at ₹1.05 lakh crore in the 2022-23 Budget. It stood at ₹1,62,132 crore in 2021-22.

Question 42

RBI Grade B Officer 2022• General Awareness• General Awareness

RBI‘s Unified Payments Interface and the Monetary Authority of Singapore‘s ________ link their respective fast payment systems for better transaction experience?

  1. AOption (a)

    Paynow

  2. BOption (b)

    Paynear

  3. COption (c)

    Paysafe

  4. DOption (d)

    Payfast

  5. EOption (e)

    None of the above

View answer & explanation

Correct answer

Answer: (a)A.

Paynow

Why this answer is correct

The Reserve Bank of India (RBI) and the Monetary Authority of Singapore (MAS) announced a project to link their respective fast payment systems by July 2022. India‘s home-grown payments system, the Unified Payments Interface (UPI), will be linked to Singapore‘s PayNow.

Question 43

RBI Grade B Officer 2022• General Awareness• General Awareness

What was the next target of India‘s Service sector in the next 3 years?

  1. AOption (a)

    $ 3 trillion$

  2. BOption (b)

    $ 2 trillion$

  3. COption (c)

    $1 trillion$

  4. DOption (d)

    $ 0.5 trillion$

  5. EOption (e)

    None of the above

View answer & explanation

Correct answer

Answer: (c)C.

$1 trillion$

Why this answer is correct

Services exports are likely to touch $1 trillion 3 years before target. An expected rebound in inbound tourism and growing demand for India‘s services in sectors such as medicine, law and even gaming may help the country boost services export revenue to $1 trillion in 2027, three years ahead of estimates.

Question 44

RBI Grade B Officer 2022• General Awareness• General Awareness

Germany will provide an additional Sustainable development aid worth 10 billion Euros to India to support the latter‘s green growth plan till _______.

  1. AOption (a)

    2025

  2. BOption (b)

    2030

  3. COption (c)

    2040

  4. DOption (d)

    2050

  5. EOption (e)

    None of the above

View answer & explanation

Correct answer

Answer: (b)B.

2030

Why this answer is correct

Germany will provide an additional development aid worth 10 billion Euros to India to support the latter‘s green growth plan till 2030. India‘s 2030 climate action targets include sourcing 50 per cent energy requirement from renewables and installing 500 GW of non-fossil fuel electricity capacity.

Question 45

RBI Grade B Officer 2022• General Awareness• General Awareness

Which of the following funds is an Initiative by Government of India to cater to the borrowing requirements of Public Sector by pooling investments from retail.

  1. AOption (a)

    India Bond ETF

  2. BOption (b)

    Hindustan Bond ETF

  3. COption (c)

    Bharat Bond ETF

  4. DOption (d)

    India Based ETF

  5. EOption (e)

    None of the above

View answer & explanation

Correct answer

Answer: (c)C.

Bharat Bond ETF

Why this answer is correct

BHARAT Bond ETF is an Initiative by Government of India to cater to the borrowing requirements of Pubic Sector by pooling investments from retail, HNI and institutional investors. Edelweiss Asset Management has been given the mandate to manage this BHARAT Bond ETF program. BHARAT Bond Exchange Traded Fund is a low-cost basket of CPSE bonds that follows an index and trades on the stock exchange. The ETF would follow the underlying index which will comprise bonds issued by CPSEs, CPSUs/CPFIs and other Government organizations. ETF and indices will have a specific maturity date. For instance, BHARAT Bond ETF - April 2025 and the underlying index both will mature in April 2025.

Question 46

RBI Grade B Officer 2022• General Awareness• General Awareness

Recently in March 2022 the PF interest rate on EPF reduced by how much percent?

  1. AOption (a)

    0.1 %

  2. BOption (b)

    0.2 %

  3. COption (c)

    0.3 %

  4. DOption (d)

    0.4 %

  5. EOption (e)

    None of the above

View answer & explanation

Correct answer

Answer: (d)D.

0.4 %

Why this answer is correct

Interest rate on employees' provident fund deposits last week was cut to a four-decade low of 8.1 per cent for the 2021-22 financial year, from 8.5 per cent in the previous year. That marked the highest EPF rate at the time since the EPFO‘s inception in 1952. Since then, the EPF rate has only been lower than 8.5% in three years — 1979-80, 1980-81 and 2011-12 — when an 8.25% return was paid on balances.

Question 47

RBI Grade B Officer 2022• General Awareness• General Awareness

Which one of the following is not the content of the Memorandum of Association?

  1. AOption (a)

    Board of directors Clause

  2. BOption (b)

    Name Clause

  3. COption (c)

    Registered Office Clause

  4. DOption (d)

    Objects Clause

  5. EOption (e)

    None of the above

View answer & explanation

Correct answer

Answer: (a)A.

Board of directors Clause

Why this answer is correct

As per Schedule I of the Company act 2013 Memorandum of association of company limited by shares has six clauses, which are described below:- 1) Name Clause: – Under this clause name of company is stated, as approved by MCA. 2) Registered Office Clause: – The memorandum must mention the state in which registered office of the company is situated. Complete address of the company need not required to mention here. 3) The Object Clause: – This is the most important clause. Company is free to choose any object which is not illegal. This clause is divided in two parts that is a) Main Object and b)The objects which are necessary for furtherance of the object specified in clause 3(a) 4) Liability Clause: – Liability clause states that the liability of the member is limited to the extent of amount unpaid on shares. 5) Capital clause: – Limited company having share capital must state the amount of its share capital and division thereof into shares of fixed denominations in its capital clause. Therefore, Board of director clause is not present in the MOA.

Question 48

RBI Grade B Officer 2022• General Awareness• General Awareness

Every year National Coal Miners day is observed on?

  1. AOption (a)

    18 July

  2. BOption (b)

    21 August

  3. COption (c)

    03 March

  4. DOption (d)

    04 May

  5. EOption (e)

    09 October

View answer & explanation

Correct answer

Answer: (d)D.

04 May

Why this answer is correct

National Coal Miners' Day is celebrated on May 4 every year to highlight the contributions of coal miners in meeting the country's energy demands. Theme 2022: The dependence on coal for energy needs is rising across the planet.

Question 49

RBI Grade B Officer 2022• General Awareness• General Awareness

Recently, which of the following firms became the 100th Unicorn company of India?

  1. AOption (a)

    Agro Life

  2. BOption (b)

    RBL Bank

  3. COption (c)

    Boat

  4. DOption (d)

    Neobank Open

  5. EOption (e)

    None of the above

View answer & explanation

Correct answer

Answer: (d)D.

Neobank Open

Why this answer is correct

Recently, Neobank startup OPEN , a Financial Technology firm, became the 100th unicorn in India with the latest funding of $50 million from IIFL along with existing investors. The term 'Unicorns' refers to startups that attain a valuation of more than $1 billion.

Question 50

RBI Grade B Officer 2022• General Awareness• General Awareness

National Forensic science university comes under which ministry?

  1. AOption (a)

    Ministry of Chemicals and Fertilizers

  2. BOption (b)

    Ministry of Science and Technology

  3. COption (c)

    Ministry of Education

  4. DOption (d)

    Ministry of Home Affairs

  5. EOption (e)

    None of the above

View answer & explanation

Correct answer

Answer: (d)D.

Ministry of Home Affairs

Why this answer is correct

National Forensic Sciences University (NFSU), formerly Gujarat Forensic Science University (GFSU), is a central university in Gandhinagar,Gujarat. It is solely dedicated to forensic and investigative science. It comes under the ministry of Home Affairs.