Contents › ebooks › 2017 › 06 › 11160 › ... · RBI Grade B Officer’s Phase I Exam 2017:...

2 Banking & SSC eBook – June 2017

Contents Preface ....................................................................................... 3

RBI Grade B Officer’s Phase I Exam 2017: Exam Pattern and tips

to prepare .................................................................................. 5

RBI Grade B Exam 2017 – English Language Practice Set .......... 9

ANSWER KEY: RBI Grade B English Language ...................... 31

SSC CGL 2017 Quantitative Aptitude: Syllabus and tips to

prepare .................................................................................... 32

SSC CGL: Practice Set: Quantitative Aptitude .......................... 40

ANSWER KEY: SSC CGL Quantitative Aptitude ................. 51

Current Affairs – May 2017 ..................................................... 52

Career: Banking ....................................................................... 60

Career prospects with officers in RBI Grade B ................. 60

Career: SSC ............................................................................... 64

Why females should prepare for SSC CGL? ..................... 64

Feedback .................................................................................. 67


Preface Jagranjosh is India’s leading education portal which helps students

prepare for various competitive exams. Jagranjosh’s Banking & SSC

section provides all the updated and relevant information to help

students prepare for upcoming recruitment exams.

Banking & SSC e-book June 2017 is prepared by Jagranjosh’s team of

subject matter experts who worked up the best to come up with this

all-inclusive preparation package for RBI Grade B exam & SSC CGL

Quantitative Aptitude section. The compilation of this eBook is made

to help students understand the RBI Grade B exam pattern and SSC

CGL exam. It further includes fully solved one Practice paper along

with tips & strategies to prepare for individual subjects. This will help

them manage ‘time management’ skills.

The Banking & SSC e-book June 2017 includes:

RBI Grade B Exam 2017: Exam Pattern & tips to prepare

Practice set of RBI Grade B English Language

SSC CGL 2017 Quantitative Aptitude: Syllabus and tips to

prepare

Current Affairs for May 2017

Career articles for Banking & SSC

Jagranjosh’s Banking & SSC e-book June 2017 is a one-stop solution

to help students prepare for the RBI Grade B & SSC CGL exam. All


the chapters of this eBook are reader-friendly and easy to understand.

Prepare with the e-book to score more.

Our team at Jagranjosh.com wishes all the very best to the aspirants of

Bank & SSC Exams.

All the Best!

Copyright ©Jagranjosh.com

All rights reserved. No part or the whole of this eBook may be

copied, reproduced, stored in retrieval system or transmitted and/or

cited anywhere in any form or by any means (electronic, mechanical,

photocopying, recording or otherwise), without the written permission

of the copyright owner. If any misconduct comes in knowledge or

brought in notice, strict action will be taken.

Disclaimer

Readers are requested to verify/cross-check up to their satisfaction

themselves about the advertisements, advertorials, and external

contents. If any miss-happening, ill result, mass depletion or any

similar incident occurs due to any information cited or referenced in

this e-book, Editor, Director/s, employees of Jagranjosh.com can’t be

held liable/responsible in any matter whatsoever. No responsibilities

lie as well in case of the advertisements, advertorials, and external

contents.


RBI Grade B Officer’s Phase I Exam 2017:

Exam Pattern and tips to prepare The RBI Grade B officer’s examination consists of two

phases namely Phase I and Phase II followed by

interview. The Phase I of RBI Grade B officer’s

Examination is scheduled to be held in the month of June.

The Phase I of the examination would consist of Objective

type Multiple Choice Questions and consist of four papers

namely: General Awareness, English Language,

Quantitative Aptitude and Reasoning. The exam

consists of 200 questions with 2 hours duration. The

examination would be taken online at the various

examination centres allotted by RBI.

Pattern of Examination: Phase I

Subjects No. of

Questions

Maximum

Marks

Duration

General

Awareness

80 80 2 hours


English

Language

30 30

Quantitative

Aptitude

30 30

Reasoning 60 60

Total 200 200

After qualifying the Phase I of the examination by

securing required cut off marks, candidates would be

eligible for the Phase II of the recruitment process. This

phase contains three papers in which English and

Economic and Social issues papers are common and an

optional paper from Finance and

Management/Economics/Statistics has to be selected by

the candidates. The phase II examination would

contain 300 marks and carry descriptive questions also.

The candidates would get 1 ½ hours’ time for solving each

of the papers in phase II. Candidates after passing

successfully the Phase II would have to undergo personal

interview which carries 50 marks.


How to Prepare for Phase I Exam:

Here are some preparation tips for the examination:

Practice on a regular basis: The best way to make sure

that you have mastered the subject is to develop the

regular habit of practice. Papers like Reasoning and

Quantitative Aptitude are the ones which demand a lot of

time and attention from the candidates in the preparatory

stage. It needs to get mastered through learning new tricks,

ideas, methods and strategies so that you can lower the

time taken in order to solve them and enhance the chances

of getting selected.

Use of books and websites: There are many books and

websites available for the examination. These websites

and books help the candidates in order to know the exact

and latest pattern and give an idea about the structure of

questions that can be asked in the examination. Candidates

can use Jagranjosh.com collection of articles and study

material in their preparation.

Develop a habit of reading: Reading from sources

available to you is the best way to enhance subject matter

expertise and learning new inclusions in the English


language. Reading habit could make sure that you undergo

new sentence formation structures and understand the

grammar well. It helps strengthening your vocabulary as

well, which gets tested in the examination. Regular

reading habit also helps to find newer information and

facts which could help the candidates in the General

Awareness paper as well.

Keep track of the time: The time for solving the

questions in the examination is limited. Candidates are

advised to practice mock test as much as possible. Trying

and moulding your preparation through applying various

tricks, keeping a stopwatch by your side, setting alarm for

each half an hour, allocating specific time to each of the

section, can help the candidates to complete their paper on

time in the actual examination.


RBI Grade B Exam 2017 – English Language

Practice Set Directions (1 - 10): Read the following passages and

answer the questions that follow:

Passage - 1

A recent Standard & Poor (S&P) Ratings Services Global

Financial Literacy Survey said that about 76 per cent of

Indian adults do not adequately understand key financial

concepts, including risk diversification, inflation and

compound interest. This is lower than the worldwide

average of financial literacy, but roughly in line with other

BRICS and South Asian nations. More than 150,000

adults across over 140 countries were interviewed and

tested on their knowledge of four basic financial concepts:

numeracy, risk diversification, inflation and compound

interest (saving and debt).

The findings are interesting. For instance, in India, 26 per

cent of adults in the richest 60 per cent of households are

financially literate, compared to 20 per cent of adults in

the poorest 40 per cent of households. In contrast,

globally, 36 per cent of adults in relatively richer


households and 27 per cent of adults in relatively poorer

households are financially literate. Further, only 14 per

cent of Indian adults correctly answered the question on

risk diversification. Conversely, 56 per cent answered the

inflation question correctly. About 39 per cent of adults

who have a formal loan are financially literate, while 27

per cent of formal borrowers were found to be not

financially literate. Moreover, just 51 per cent of the

respondents understood what compound interest is.

1. According to the Global Financial Literacy Survey, the

Indian Adults does not understand which of the below

financial concept?

a) Risk Premium

b) Risk Diversification

c) Risk Variety

d) Risk Free Rate

e) None of the above

2. According to the passage, which of the following

statement is true?


a) The percentage of Indian adults knowing the basic

financial concepts is more than the worldwide

average of financial literacy.

b) The percentage of Indian adults knowing the basic

financial concepts is way more than the BRICS

and South Asian nations.

c) The percentage of Indian adults not knowing the

basic financial concepts is about 76%.

d) The percentage of Indian adults knowing the basic

financial concepts is about 76%.


3. Choose the group of words which is most nearly the

same in meaning as the word RESPONDENT given

in bold as used in the passage:

a) Reporter of newspaper

b) Finding the solution

c) Questioning someone

d) Replying to something



4. What does the term ‘financial literacy’ mean in

general?

a) Basic set of skills and knowledge that allows an

individual to go for higher studies in financial

sector.

b) Basic set of skills and knowledge that allows an

individual to meet their basic minimum

requirements.

c) Basic set of skills and knowledge that allows an

individual to spend more and earn less.

d) Basic set of skills and knowledge that allows an

individual to make informed and effective

decisions with all of their financial resources.


5. With reference to the passage, consider the following

statements:


i. Globally, 26% of adults in the richest 60% of

households are financially literate.

ii. In India, 20% of adults in the poorest 40% of

households are financially literate.

Which of the statements given above is/are incorrect?

a) Only (i)

b) Both (i) and (ii)

c) Only (ii)

d) Neither (i) Nor (ii)

e) Either (i) or (ii)

Passage - 2

After being the leading economy in the world for over two

decades with its exports-led economic growth model,

China has finally been admitted into the global currency

elite of the International Monetary Fund’s (IMF) reserve

currency list. From October next year, the Yuan or

Renminbi (RMB), will form part of the “basket” of

currencies from which the IMF derives the value of its


own reserve asset, the Special Drawing Rights or SDRs.

The basket of currencies includes the US dollar, British

pound, euro and the Japanese yen.

But Yuan’s entry into the IMF’s elite basket is fraught

with fears – not completely unfounded though. First,

China’s model of success from 1979 has been based on

trade surpluses and domestic investment. Now, the

leadership would loathe changing that even though

domestic growth has slowed down and there is a glut in

much of the infrastructure sector. The Chinese leadership

is also known for its propensity to devalue the Yuan often

to make the country’s exports cheaper, which in turn led to

its huge trade surplus. The other elite countries are all

market democracies, with well-established rule of law.

These institutional advances preceded their becoming

issuers of currencies dependable and liquid enough for

other countries to use them as reserves.

6. According to the passage, what does global currency

elite group constitute of?

a) Basket of Investment Portfolio from which the

IMF derives the value of Special Drawing Rights.


b) Basket of Investment Portfolio from which the

World Bank derives the value of Special Drawing

Rights.

c) Basket of currencies from which the World Bank

derives the value of Special Drawing Rights.

d) Basket of currencies from which the IMF derives

the value of Special Drawing Rights.


7. Which of the following currency does not form part of

global currency elite club at present?

a) British Pound

b) Euro

c) Yen

d) Yuan


Banking & SSC June 2017

Publisher : Jagran Josh Author : Jagran Josh

Type the URL : http://www.kopykitab.com/product/11160

Get this eBook

http://www.kopykitab.com/Banking-And-SSC-June-2017-by-Jagran-Josh

Contents › ebooks › 2017 › 06 › 11160 › ... · RBI Grade B Officer’s Phase I Exam 2017:...

Documents

Transcript of Contents › ebooks › 2017 › 06 › 11160 › ... · RBI Grade B Officer’s Phase I Exam 2017:...