contents › ebooks › 2017 › 06 › 11160 › ... · rbi grade b officer’s phase i exam 2017:...
TRANSCRIPT
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
3 Banking & SSC eBook – June 2017
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
4 Banking & SSC eBook – June 2017
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.
5 Banking & SSC eBook – June 2017
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
6 Banking & SSC eBook – June 2017
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.
7 Banking & SSC eBook – June 2017
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
8 Banking & SSC eBook – June 2017
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.
9 Banking & SSC eBook – June 2017
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
10 Banking & SSC eBook – June 2017
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?
11 Banking & SSC eBook – June 2017
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%.
e) None of the above
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
12 Banking & SSC eBook – June 2017
e) None of the above
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.
e) None of the above
5. With reference to the passage, consider the following
statements:
13 Banking & SSC eBook – June 2017
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
14 Banking & SSC eBook – June 2017
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.
15 Banking & SSC eBook – June 2017
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.
e) None of the above
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
e) None of the above
Banking & SSC June 2017
Publisher : Jagran Josh Author : Jagran Josh
Type the URL : http://www.kopykitab.com/product/11160
Get this eBook