This paper presents novel observations on inverse optogalvanic effect in Yb transition at 679.9 nm ((3)P1 ->(3)51) in contrast with the observed normal optogalvanic effect at 648.9 rim ((3)P0 ->(3)s1) transition and Penning ionization in Yb-Ne mixture by probing Ne transitions at 626.65 (1s(3)-> 2p(5)), 633.44 (1s(5) -> 2N), 650.65 (1s(2)-> 2p(2)) and 659.89 urn (1s(2)-> 2p(2)) in Yb-Ne hollow cathode lamp. These conclusions are derived by studying the optogalvanic signals temporal profile probed by DCM dye based narrow line-width similar to 2 GHz, short pulse similar to 20 ns, high repetition rate 5.0 kHz tunable dye laser, as a function of discharge current. The observed inverse optogalvanic effect is attributed to the transfer of Yb population in the level (3)p(0) through radiative decay from the upper level Si-3 of the transition. This proposition is confirmed by recording the emission spectra of Yb-Ne hollow cathode lamp. The Penning ionization signature in Ne optogalvanic signals is due to the quasi-resonances between Yb and Ne energy levels. Penning signature observed in optogalvanic signal of Ne transition at 650.65 rim is unique and attributed to the increase in concentration of Ne metastable level 1s(5) through radiative decay from the 2p(8) level. (c) 2013 Elsevier B.V. All rights reserved.