RBI Grade B 2023 GA
Q1–10 of 80India’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.
In 2022, the Basic Statistical Return (BSR) system completed
50 years since its inception. To commemorate this milestone,
the RBI deputy governor delivered a speech at the conference
on ‘BSR@50 organised in Mumbai. The exam of RBI Grade B
2023 Phase 1 took place on July 9, 2023. This question is stating
that not only the six months prior to the exam but all the events
and initiatives of RBI which are in the news in the past one year
are important.
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.
Annual Report of RBI needs to be covered for RBI’s exam - this
is something that goes without saying. RBI is the regulator of
banks in India. Therefore, you can expect questions from this
report in any kind of banking exam at any level - be it assistant,
clerk, PO etc. Annual reports of the regulators (RBI, SEBI,
NABARD, IRDAI, PFRDA, and IFSCA) are very crucial. They
can be asked in depth in any kind of exam.
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?
This question is from the indices and reports topic, which is an
integral part of your Phase 1 and Phase 2 syllabus of RBI. Be
prepared for such lengthy questions in future. Try to develop a
fast-reading habit.
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.
This question is a very basic current affairs question. The
President of our nation has received the highest civilian honour
of another country – a very expected question, isn’t it? The only
challenge here is that the question is lengthy and a little twisted
with a lot of unnecessary information. Therefore, I recommend
all of you to read as much as you can to at least complete 65-70
such long questions in 25 minutes.
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____.
This question has been asked from the Foreign Trade Policy
released in March 2023, w.e.f., 1st April 2023. This question
is an expected question. New towns of excellence were also
announced in this year’s policy and asking the criteria for this
category is not a difficult or an unexpected question. The lesson
that all of you should learn is that prepare all the important
reports, policy frameworks, master directions released in the
past one year from the date of examination.
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.
The trilateral highway project was first proposed and approved
at a ministerial meeting of India, Myanmar and Thailand
in April 2002. The highway will be connecting Kolkata to
Bangkok via Myanmar. This is also not an unexpected question.
The RBI has developed a tendency to go beyond the surface.
Therefore, it asks the questions from the static initiatives
(like this), macro-economic developments, and overarching
scenarios/topics. Try to cover every topic holistically.
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.
Again, the question has been asked from an initiative which
has macro-economic implications. India is working towards
net zero-emissions, SDG attainment, energy transition, climate
change mitigation, and e-vehicles. Considering the focus of
India, this question is relevant and not unexpected. So, not only
facts but do keep an eye on the policies of the govt which can
become a question in your exam (like this), even if the intiative
or campaign was launched 2-3-5 years back, doesn’t matter.
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 ___.
This question is from the latest Economic Survey. It is a very
important topic of your current affairs syllabus for almost every
type of exam. So, in-depth coverage of such reports is important
to clear this exam.
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.
On the World Environment Day on June 5, 2023, India has
launched its first international cruise. The exam was held on
July 9, 2023. One month prior to the exam date, this news came
out. All the news coming in the 4 months prior to the exam
become very important.
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?
This news also came out in June 2023. That’s why it has been
asked in RBI’s exam. In such type of guidance or policies,
in-depth coverage is not required because telecom sector is
not mainstream to the RBI’s working. Therefore, you can just
cover the main points of such guidelines. These guidelines were
entirely focused on DCA facilities.