RBI Grade B 2023 Previous Year Questions with Detailed Solutions

India’s BSR system needs to be robust, timely, comprehensive and open to change, stated Michael Patra, deputy governor of Reserve Bank of India (RBI). The BSR Code is a seven-digit code that is provided to the registered banks by the RBI. The first three digits in the code identify the bank, while the following four digits identify the bank branch. This code helps banks to keep a clear record of every online payment made towards tax. BSR system has metamorphosed into a sound and comprehensive reporting system, generating a wide array of useful statistics. Combined with bank branch statistics, it has supported the post-nationalisation expansion of the Indian banking system. In October 2022, the BSR completed __ years of its existence. RBI had organized an event to celebrate the anniversary.

As per the Annual Report of RBI (released in May 2023), the Reserve Bank successfully completed the combined gross market borrowings of the central and the state governments to the tune of Rs 21,79,392 crore during 2022-23, which was 19.2 per cent higher than the previous year. During 2022- 23, securities ranging from 2 to ____ years tenor (original maturity) were issued with the objective of catering to the demand from various investors in different maturity buckets. Floating Rate Bonds (FRBs) of 7-year and 13- year tenors (original maturity) were also reissued during the year. The share of FRBs in total issuances during 2022-23 was 2.5 per cent as compared to 7.8 per cent in the previous year.

The Global Gender Gap Index annually benchmarks the current state and evolution of gender parity across four key dimensions (Economic Participation and Opportunity, Educational Attainment, Health and Survival, and Political Empowerment). It is the longest-standing index tracking the progress of numerous countries’ efforts towards closing these gaps over time since its inception in 2006. This year, the 17th edition of the Global Gender Gap Index benchmarks gender parity across 146 countries, providing a basis for robust cross-country analysis. Further, examining a subset of 102 countries that have been included in every edition of the index since 2006 provides a large constant sample for time-series analysis. Which country achieved the full gender parity in this year’s index?

Recently, a South American country conferred its highest civilian honour to President Droupadi Murmu- The Grand Order of the Chain of Yellow Star, the first Indian to receive this award. The country in question is a small country on the northeastern coast of South America. It’s defined by vast swaths of tropical rainforest, Dutch colonial architecture and a melting-pot culture. It is a tropical country covered in rainforests. Its extensive tree cover is vital to the country’s efforts to mitigate climate change and maintain carbon negativity. Identify it.

Towns of Export Excellence is a status provided to those towns which produce and export goods worth a minimum value in a specific sector. Sectors include handicraft, handloom, seafood, pharmaceutical, fisheries, apparels, coir, leather products etc. As per the Foreign Trade Policy, towns that produce goods worth at least ____ can be recognized as towns of export excellence, based on their growth potential for exports. However, for Town of Export Excellence (TEE) in Handloom, Handicraft, Agriculture and Fisheries sector, the threshold limit is____.

According to reports, a trilateral highway connecting Kolkata to ___ will be built and available for use in four years. Commerce ministers from numerous countries explored this possibility at a recent meeting held by the Indian Chamber of Commerce (ICC) and the Ministry of External Affairs (MEA). The highway has immense potential to promote tourism and cultural exchanges among the countries it connects. This road will facilitate the exploration of historical landmarks and cultural assets in the countries it connects. The trilateral highway project was first proposed and approved at a ministerial meeting in April 2002. The 2,800-kilometre-long highway aimed at boosting multilateral trade.

During the visit of COP 26 President Hon’ble Alok Sharma to India on 21-22 July 2022, NITI Aayog launched two significant initiatives, which are ____ mobile application to raise awareness on electric mobility and the Report on Advanced Chemistry Cell Battery Reuse and Recycling Market in India. To bolster this low carbon infrastructure, NITI Aayog has been collaborating with the UK Government in the areas of e-vehicles, charging infrastructure and battery storage. India is the fifth largest and fastest growing vehicle market in the world, providing massive potential for electric vehicle uptake. The shift to Zero Emission Vehicles (ZEVs) is well underway and accelerating, creating 100,000s of new e-mobility jobs, driving down technology costs, ensuring the air we breathe is cleaner and reducing our reliance on imported fuels.

According to the Economic Survey of 2022-23, the Indian economy appears to have moved on after its encounter with the pandemic, staging a full recovery in FY22 ahead of many nations and positioning itself to ascend to the pre-pandemic growth path in FY23. Yet in the current year, India has also faced the challenge of reining in inflation that the European strife accentuated. Measures taken by the government and RBI, along with the easing of global commodity prices, have finally managed to bring retail inflation below the RBI upper tolerance target in November 2022. Despite these, agencies worldwide continue to project India as the fastestgrowing major economy with a growth rate falling in an average range of _____ and _____ for the year ending ___.

Cruise tourism has seen an immense surge in recent years in India and worldwide. Seeing the potential of this sector, India, on June 5, inaugurated its first international cruise vessel, ____. Flagged off from _____ to Sri Lanka, the cruise will cover three ports during the 5-day cruise. This also means that Indians no longer need to go abroad to board a ship to get international cruise experience. Inaugurating the cruise, Union Minister of Ports, Shipping & Waterways Sarbananda Sonowal called it a historic step for the maritime sector, adding that the initiative will further boost tourism and generate employment.

TRAI in its endeavour to curb menace of spams through Unsolicited Commercial Communication (UCC) has taken various measures in recent past such as cleaning data in respect of PE Headers and message content templates, tagging variables in message content templates etc. In continuation of above actions, TRAI has now issued a Direction to all the Access Providers to develop and deploy the DCA facility for creating a unified platform and process to register customers consent digitally across all service providers and Principal Entities. What is the full form of DCA?