How many sections are there in the RBI Grade B Phase 1 Exam?

There are 4 sections in the RBI Grade B Phase 1 Exam i.e. English Language, General Awareness, Quantitative Aptitude & Reasoning.

General Awareness Quiz for Bank Mains Exams 2023 -29th August |

Q1. Name the Indian wrestler who has achieved a remarkable feat by securing the gold medal at the U20 World Wrestling Championships held in Jordan and becoming second Indian woman to attain a gold medal in the prestigious U20 World Wrestling Championships.

(a) Babita Kumari

(b) Priya Malik

(d) Antim Panghal

(e) None of the above

Q2. Which Indian city has become the first city in India to measure its progress towards achieving the Sustainable Development Goals (SDGs)?

(a) Chennai

(b) Pune

(d) Bhopal

(e) None of the above

Q3. Which of the following institutes has entered into a partnership with Israel to establish the ‘India-Israel Center of Water Technology’ (CoWT)?

(a) IIT Delhi

(b) IIT Gandhinagar

(d) IISc Bangalore

(e) None of the above

Q4. The Reserve Bank of India (RBI) has made a significant decision to withdraw the ₹2000 denomination banknotes from circulation. Although these banknotes will no longer be issued, they will retain their status as legal tender. In which year the ₹2000 denomination banknotes were introduced?

(a) 2018

(b) 2020

(d) 2016

(e) None of the above

Q5. Who inaugurated a training program on legislative drafting in New Delhi to create a better understanding of the principles and practices of legislative drafting among officers of Parliament, State Legislatures, various ministries, statutory bodies, and other government departments?

(a) Narendra Modi

(b) Arvind Kejriwal

(d) Draupadi Murmu

(e) None of the above

Q6. On which day World Humanitarian Day is observed to honor the remarkable efforts of humanitarians who tirelessly work to improve the lives of crisis-affected populations?

(a) 19 August

(b) 22 August

(d) 18 August

(e) None of the above

Q7. Which bank has launched a revolutionary digital onboarding platform named ‘Sarathi’ with an aim at simplifying the process for merchants to adopt Electronic Data Capture (EDC) or Point of Sale (PoS) terminals and enabling them to begin accepting digital payments quickly and efficiently?

(a) Bank of Baroda

(b) State Bank of India

(d) Axis Bank

(e) None of the above

Q8. Which technology giant has announced the establishment of a groundbreaking Center of Excellence (CoE) on Generative Artificial Intelligence (AI) in partnership with the esteemed Indian Institute of Technology (IIT) Delhi?

(a) Microsoft

(b) HCL Technologies

(d) Google

(e) None of them

Q9. The Reserve Bank of India (RBI) has recently introduced updated guidelines for Infrastructure Debt Fund-Non-Banking Financial Companies (IDF-NBFCs). How much net-owned funds are mandated to be maintained under the new guidelines for IDF-NBFCs?

(a) Rs 300 crore

(b) Rs. 100 crore

(d) Rs. 500 crore

(e) None of the above

Q10. Who becomes the first woman to be appointed as Chairman and Managing Director (CMD) of Power Finance Company (PFC)?

(a) Anuja Shah

(b) Yasmina Chakraborty

(d) Janaki Ramakrishnan

(e) None of the above

Solutions

S1. Ans (b)

Sol. Indian wrestler Priya Malik has achieved a remarkable feat by securing the gold medal at the U20 World Wrestling Championships held in Jordan. This victory marks a significant milestone in her career.

Competing in the 76 kg category, Priya Malik showcased her prowess on the mat.

Priya Malik’s victory makes her only the second Indian woman to attain a gold medal in the prestigious U20 World Wrestling Championships. She joins the ranks of Antim Panghal, another Indian wrestler who had previously secured a gold medal in the same competition.

S2. Ans (d)

Sol. Bhopal, the capital of Madhya Pradesh, has become the first city in India to measure its progress towards achieving the Sustainable Development Goals (SDGs).

S3. Ans(c)

Sol. The Indian Institute of Technology (IIT) Madras has entered into a partnership with Israel to establish the ‘India-Israel Center of Water Technology’ (CoWT).

This joint initiative aims to address the challenges in water resources management and water technologies in India.

The Letter of Intent (LoI) for the centre was signed by representatives from both countries, highlighting the significance of this collaboration in ensuring water security for India.

S4. Ans (d)

Sol. ₹2000 denomination banknotes were introduced in 2016.

The move comes as the objective of introducing the ₹2000 banknotes has been fulfilled, and other denominations now adequately meet the currency requirements of the economy.

S5. Ans(c)

Sol. Home Minister Amit Shah inaugurated a training program on legislative drafting in New Delhi. The program aims to create a better understanding of the principles and practices of legislative drafting among officers of Parliament, State Legislatures, various ministries, statutory bodies, and other government departments.

S6. Ans(a)

Sol. Every year on August 19, the world comes together to honor the remarkable efforts of humanitarians who tirelessly work to improve the lives of crisis-affected populations.

World Humanitarian Day stands as a testament to the unyielding spirit of individuals who, despite the challenges and risks, extend their unwavering support to those in need.

S7. Ans(d)

Sol. Axis Bank has launched ‘Sarathi,’ a revolutionary digital onboarding platform aimed at simplifying the process for merchants to adopt Electronic Data Capture (EDC) or Point of Sale (PoS) terminals.

By eliminating the need for lengthy paperwork and long waiting periods, Sarathi offers a streamlined and hassle-free experience to merchants, enabling them to begin accepting digital payments quickly and efficiently.

S8. Ans(c)

Sol. Wipro Limited has announced the establishment of a groundbreaking Center of Excellence (CoE) on Generative Artificial Intelligence (AI) in partnership with the esteemed Indian Institute of Technology (IIT) Delhi.

The Wipro CoE on Generative AI is strategically nested within the Yardi School of Artificial Intelligence (ScAI) at IIT Delhi. With its roots embedded within the vibrant academic ecosystem of IIT Delhi, this CoE will serve as a vessel for foundational and applied research.

S9. Ans(a)

Sol. Under the new guidelines, IDF-NBFCs are mandated to maintain a minimum Net Owned Fund (NOF) of Rs 300 crore. This measure ensures that these entities possess adequate financial strength to engage significantly in infrastructure financing.

The revised norms stipulate a Capital-to-Risk Weighted Assets Ratio (CRAR) of at least 15%, with a minimum Tier 1 capital of 10%. This capital adequacy requirement safeguards the financial stability of IDF-NBFCs as they channel funds into infrastructure projects.

S10. Ans(c)

Sol. Power Finance Corporation (PFC) has appointed Parminder Chopra as Chairman and Managing Director (CMD); she becomes the first woman to lead India’s largest NBFC.

She earlier held additional charge as CMD from June 1, and was Director (Finance) from July 1, 2020. She also played a key role in the successful implementation of a Rs 1.12 lakh crore Liquidity Infusion Scheme (LIS) for the power distribution sector, which was rolled out as part of the Atmanirbhar Bharat initiative.