IBPS RRB GBO 2020 exam held on 18th October 2020. As expected it was an easy paper. In Financial Awareness questions were asked from RBI Circulars and Banking Awareness Digests.
Survey Results
Ideal Score
85-86 for getting selected in most of the RRBs.
Reasoning Ability
Topic
|
No. of Questions
|
Level
|
Blood relationship
|
1
|
Easy
|
Syllogism
|
3
|
Moderate
|
Puzzle
|
15 (3 sets)
|
Moderate to Difficult
|
Inequality
|
3
|
Moderate
|
Data Sufficiency
|
5
|
Moderate
|
Verbal Reasoning
|
3
|
Difficult
|
Machine Input-output
|
5
|
Difficult
|
Seating Arrangement
|
5
|
Moderate
|
Quantitative Aptitude
Topic
|
No. of Questions
|
Level
|
Data Interpretation
|
15 (3 sets)
|
Moderate to Difficult
|
Number series
|
5
|
Easy
|
Quadratic Equations
|
5
|
Easy
|
Data Sufficiency
|
5
|
Moderate
|
Arithmetic
|
10
|
Difficult
|
English
Topic
|
No. of Questions
|
Level
|
Reading comprehension
|
10
|
Easy to Moderate
|
Fill in the blanks
|
5
|
Moderate
|
Cloze tests
|
5
|
Moderate
|
Error spotting
|
5
|
Easy
|
Idioms and Phrases
|
5
|
Moderate
|
Sentence Rearrangement
|
5
|
Easy
|
Vocabulary
|
5
|
Moderate
|
Computer Awareness
- To close a programme crtl +w
- Non-impact printer
- 1st window by Microsoft
- Non-shareable on the network - mouse
List of Financial Awareness Questions asked in Scale 2
Ques 1: Exim Bank set up inAns: 1982
Ques 2: Tezz another name
Ans: Google Pay (covered on the course)
Ques 3: 5C of RBI
Ans: Content, Capacity, Community, Communication and Collaboration
Ques 4: IPPB tagline
Ans: Aapka Bank Aapke Dwar (covered in the course)
Ques 5: RRB to keep CRAR
Ans: RBI directs regional rural banks to keep 9% CRAR from this year
Ques 6: HFC regulator
Ans: RBI
Ques 7: CTS full form
Ans: Cheque Truncation System (covered in the course)
Ques 8: RBI Establishment year
Ans: April 1, 1935
Ques 9: SCSB full form
Ans: Self Certified Syndicate Bank (covered in the course)
Ques 10: Who regulates foreign exchange and investment?
Ans: RBI (RBI Ciriulars)
Ques 11: Banking regulation act 1949 section (covered in the course)
Ques 12: MSME new definition- Medium enterprise
Ans: Investment up to 50cr and Turnover up to 250 cr
Ques 13: Delhi Meerut rapid transition system financed by?
Ans: ADB
Ques 14: Negotiable instruments act section (covered in the course)
Ques 15: Name of the Hong Kong stock exchange index
Ans: Hang Seng Index
Ques 16: SCORES app launch by
Ans: SEBI (covered in the course)
Ques 17: 5lakh Dicgc started by which date
Ans: February 4, 2020 (covered in the course)
Ques 18: LTV ratio of 90% for a gold loan from which dateAns: Till March 31, 2021 (covered in the course)
Ques 19: SARFAESI Act 2002 related to a recent amendment (covered in the course)
Ques 20: Min investment in KVP
Ans: Rs. 1000
Ques 21: ASBA section (covered in the course)
Ques 22: LIC acquired the major stock of which bank?
Ans: IDBI Bank (covered in the course)
Ques 23: Sukanya samridhi
Ques 24: Currency Act (covered in the course)
Ques 25: NPS age
Ans: 18-65 years (covered in the course)
Ques 26: Which statement is wrong in PPF? (covered in the course)
Ques 27: Fasal Bima Yojna regulated
Ques 28: Consumer protection act 2019 related (covered in the course)
Ques 29: Which section amended of Insolvency to increase the limit from 1 lakh to 1 cr for default?
Ans: Section 4 (covered in the course)
Ques 30: Which bank-financed Mumbai metro project?
Ans: ADB
Ques 31: FITL loan full form
Ans: Funded Interest Term Loan (covered in the course)
Ques 32: Two question from EPF(covered in the course)
Ques 33: Question-related to FFMC (covered in the course)
Ques 34: Question from Brbnmpl printing press
Ques 2: What documents required to get FasTag
Ans: KYC documents like RC, identity, address proof and a passport size photo. (covered in the course)
Ques 3: DGFT Full Form
Ans: Directorate General of Foreign Trade
(From the free study material of BankExamsToday- https://currentaffairs.bankexamstoday.com/2017/09/govt-launches-contactdgft-to-resolve.html#:~:text=The%20Directorate%20General%20of%20Foreign,for%20resolution%20of%20their%20matters)
Ques 4: No. of currency chests (covered in the course's RBI Circulars)
Ques 5: Tax exempted limit for senior citizen
Ans: 300000 (covered in the course)
Ques 6: Net worth of the Company to issue Commercial Papers (CP)
Ans: Rs. 4 crores (covered in the course)
Ques 7: Maturity period of SGB
Ans: 8 years
(From the free study material of BankExamsToday- https://currentaffairs.bankexamstoday.com/2019/10/sovereign-gold-bond-scheme-2019-20.html#:~:text=The%20Bonds%20will%20be%20restricted,be%201%20gram%20of%20gold.
)
Ques 8: CRAR for HFCs 2022
Ques 9: EU Bank Head
Ans: Christine Lagarde (covered in the course)
Ques 10: RBI Act Section 22
Ans: Issue of currency notes
(From the free study material of BankExamsToday- https://www.bankexamstoday.com/2015/08/reserve-bank-of-india-functions-and.html)
Ques 11: Tenure of Commercial papers (CP)
Ans: 7 days to 1 year
(From the free study material of BankExamsToday- https://www.bankexamstoday.com/2016/11/money-market-instruments-explained.html#:~:text=Commercial%20Paper%20(CP)&text=Maturity%20period%20is%20between%207,issue%20it%20is%204%20crore.
)
Ques 12: New definition of Small entrepeise
Ans: Investment up to 10cr and Turnover up to 50 cr
Ques 13: Basic points in Fraction
Ans: 1 Basic Point = 1/100th (covered in the course)
Ques 14: RBI permits cash withdrawal on POS in tier 4 or 6 centres?
Ans: Rs. 2000 (covered in the course)
Ques 15: Which of the following is not a characteristic of the EEFC account?
(From the free study material of BankExamsToday- https://www.bankexamstoday.com/2017/03/types-of-foreign-accounts-in-india.html)
Ques 16: Half debt and half equity investment funds are called
Ans: Hybrid Funds
(From the free study material of BankExamsToday- https://www.bankexamstoday.com/2014/07/mutual-fund-concept-and-structure.html)
Ques 17: BRBNMPL printing press located in
Ques 18: Sukanya Samridhi Yojna (covered in the course)
Ques 19: BIRD is promoted by
Ans: NABARD (covered in the course)
Ques 20: Transunion CIBIL tie-up for a credit check (covered in the course)
Ques 21: Systemetacally important NBFCs
Ques 22: Central and State Government share in RRB
Ans: Central Government = 50% and State Government = 15%
Ques 23: DICGC claim of two different banks with principal and interest in two different accounts
Ans: The funds from each bank are insured separately. (covered in the course)
Ques 24: Question from NPCI products (covered in the course)
Ques 25: FWTW
Ans: From-whom-to-whom
Ques 26: Question-related to an offline wallet (covered in the course)
Ques 27: Question-based on BHIM Aadhar Pay/ P2M (covered in the course)
Ques 28: Question from Derivatives (covered in the course)