RBI Officers Grade B Exam Previous Solved Paper – General Awareness

General Awareness 1. Sometimes we see a reference of "Least Developed Country" in the economic journals/papers etc. Which among the following is one of the parameters on the basis of which a country in economic parlance is labelled "Least Developed"? 1) Frequent changes in monetary/fiscal policies 2) No change in the Government in last ten years as general elections did not take place.  3) Low Per Capita Income of a specified level and instability in agricultural /industrial production.  4) Huge losses due to natural disasters resulting in displacement of people in majority 5) Scarcity of trained/skilled manpower in the country View Answer 2. Which of the following statements about the Indian Economy in the last decade is not correct?  1) The economy of India is the fourth largest in the world with GDP of about 4 trillion US$ at Purchasing Power Parity (PPP)  2) Agriculture which was a major concern for the growth of the economy is now growing at an average of 7% per annum 3) A strong Balance of Payment (BOP) position in recent years has resulted in a comfortable stock of the foreign exchange reserves 4) India has emerged as a global leader in software and business process outsourcing 5) Indian economy has shown a remarkable average GDP growth of 6.8% during last ten years View Answer 3. Who among the following is very closely associated with the day-to-day functioning of the Reserve Bank of India?  1) Dr Subir Gokarn 2) U.K. Sinha 3) Dr Kaushik Basu 4) Mr Narendra Jadhav 5) None of these View Answer 4. Census in India was conducted recently (2011). In the eyes of the economists and policy makers, India's demographics are very much favorable to growth. Which of the following statements is not in conformity with the traditional demographic characteristics of India and its relation with growth?  1) India is a young country with low dependency ratio 2) More and more Indian youth under the age of 30 is getting better health care and access to quality technical education 3) The so-called middle class of India is happy as they have better housing and earning facilities 4) More employment opportunities and resultant financial freedom have made young women folk to pursue single life and delay marriage 5) Indian youth is now biggest consumers of luxurious goods; they spend discretionary income and enjoy the associated status View Answer 5. Some policy makers and thinkers are of the opinion that the notorious Satyam Scandal of 2009 has proved a blessing in disguise for India, as it intensified the call in the country for 1) Stronger police force 2) Faster legal proceedings and effective judiciary 3) Greater Accounting Transparency and Corporate Governance 4) Better employer-employee relationship and active participation of employees in managerial functions 5) All of these View Answer 6. Frequent changes in the cost of which of the following commodities at international levels, push inflation upwards?  1) Vegetables  2) Food grains 3) Petroleum Products  4) Milk 5) All of these View Answer 7. Indian Parliament in the year 2005 passed Special Economic Zones Bill which gave birth to hundreds of SEZs in the country. How do these SEZs help in the growth of the Indian Economy?  1) SEZs attract significant foreign direct investment from overseas and MNCs 2) SEZs give a far better price for land to the farmers and others who sell their land for the same 3) Production in SEZs is done for local consumption only and is supposed to tame inflation in the country 4) Banks in India are allowed to give loans to SEZs liberally as the interest rate on such loans is decided to be 5% higher than the normal interest rates 5) All of these View Answer 8. In economic terms, the total market value of all final goods and services produced in a country in a given year is known as 1) GNI  2) GDP  3) Inflation 4) PPP  5) Wealth of a Nation View Answer 9. Which of the following is one of the indicators of Human Development Index (HDI)?  1) Life expectancy at birth 2) Total cost of the agricultural land with a family 3) Total area of the agricultural land with a family 4) Availability of perennial source of water for irrigation 5) Nature of employment, casual/permanent or semi-permanent View Answer 10. Which of the following is one of the measures of economic growth of a country?  1) Volume of Direct Investment made by foreign countries 2) Number of companies listed on the Stock-Exchanges 3) Gross domestic product of the Nation 4) Number of foreign nationals working in a country 5) All of these View Answer 11. What is the contribution of the agricultural sector in total GDP of India? About 1) 10%  2) 24%  3) 38% 4) 40%  5) 60% View Answer 12. What is the contribution of Service Sector in total GDP of India?  1) 10%  2) 14%  3) 18% 4) 26%  5) None of these View Answer 13. In India, the National Income is measured on the basis of 1) Flow of goods only 2) Number of employed youth only 3) Volume of tax collected per annum 4) Earning of people working in PSUs and Govt. jobs 5) All of these View Answer 14. Which one of the following measures of Fiscal Reforms, has Govt. of India adopted?  1) Bringing down fiscal deficit to a particular level by an Act of Law 2) Fixing higher rate of growth 3) Allocation of more funds to job-oriented schemes 4) Allocation of more funds to provide education to children who are 6-14 years of age 5) None of these View Answer 15. 'Green House Gases' are responsible mainly for  1) Growth of livestock population 2) Volume of foreign trade 3) Quality of agro products in a country 4) Industrial Development of a nation 5) Global warming View Answer 16. Which of the following in India is implemented in all the districts of the country for providing 100 days employment to those willing to do manual jobs in rural areas?  1) Pradhan Mantri Gram Sadak Yojana 2) Bharat Nirman 3) Mahatma Gandhi National Rural Employment Guarantee Act 4) Swarn Jayanti Gram Swarojgar Yojana 5) All of these View Answer 17. Which of the following is a Social Development programme launched by the Govt. of India for school children?  1) Bharat Nirman 2) ASHA 3) Kutir Jyoti 4) Mid-Day Meal Scheme 5) Aadhar Yojana View Answer 18. Which of the following economic concept is categorised on the basis of Current Account or Capital Account or both?  1) Balance of payment 2) Value of the food grains stock of a country 3) Gross National Product (GNP)  4) Gross National Income (GNI)  5) Total collection of Direct Taxes in a year View Answer 19. Which of the following Acts is/was introduced for the purpose of sustainable growth?  1) Water (Prevention and Control of Pollution) Act 2) Narcotics and Psychotropic Substance Act 3) Foreign Exchange Management Act 4) Banking Regulation Act 5) Prevention of Money Laundering Act View Answer 20. 'IAEA' is an organisation which functions in the area of 1) Prevention of Money Laundering 2) Control of Foreign Direct Investment 3) Nuclear Energy 4) World Trade 5) Promoting International understanding among the nations View Answer 21. As reported in newspapers, China has raised an objection on India's presence in the South China Sea along with Vietnam. Both the nations are engaged in which of the following activities in the sea?  1) Fishing 2) Exploring minerals 3) Exploring oil fields 4) Disposal of electronic waste 5) Disposal of nuclear waste View Answer 22. Which of the following is the purpose of introducing 'Know Your Customer' norms by the banks?  1) To bring more and more people under the banking net 2) Identifying people who do not pay Income Tax 3) To ensure that the money deposited in banks has come from genuine sources 4) To ensure whether the money deposited in the bank is of an Indian or a foreign national 5) None of these View Answer 23. Which of the following organisations is established mainly to promote Micro, Small & Medium industrial sector in India?  1) NABARD 2) SIDBI  3) IDBI Bank 4) EXIM Bank  5) All of these View Answer 24. As reported in newspapers, the Market Borrowings of the Union Govt. have gone up in 2011-12 (up to September 2011). What is the main reason for the same?  1) Fixing very high target of growth 2) Lower than budgeted collection of the revenue 3) Lower than expected flow of foreign investment 4) RBI's reluctance in giving fresh loans to the Govt. of India for developmental projects 5) Consistent revision in the limit of the Ways and Means Advances given to the Govt. of India by the RBI View Answer 25. "Core Industries Witness lower growth in last few months"_____ was the news in some major newspapers recently. This means the performance of which of the following is not taken into accounts for the same?  1) Steel  2) Cement  3) Coal 4) Gem & Jewellery  5) Crude oil View Answer 26. "Centre brings the curtain down on DEPB scheme"___ was the news recently. What is the full form of the term DEPB?  1) Developmental Enterprises Promotion Board 2) Duty Entitlement Pass Book 3) Duty Enforcement & Promotion Board 4) Development, Export & Procurement Bureau 5) Deportation and Enforced Prevention Bureau View Answer 27. India recently entered into an agreement to purchase LNG from some East Asian Nations. This is the part of India's initiative in the direction of 1) Look East policy 2) Switch over to LNG 3) Business with Most Favored Nations only 4) Convention on Supplemental Compensation (CSC)  5) New Business: New Partners Scheme View Answer 28. As per recent reports the Coal Ministry of India has allocated certain coal blocks to four NTPC Thermal Power Plants in four states. Which of the following states is not among these four states?  1) Uttar Pradesh 2) Karnataka 3) Odisha  4) Madhya Pradesh 5) Gujarat View Answer 29. The Meet of the Finance Chiefs of G-7 countries was held in September 2011 in 1) London  2) Tokyo  3) Paris 4) Marseille  5) Vienna View Answer 30. Which of the following organisations has given a warning to the nations of the world that there may be increased the risk to global financial stability in the world?  1) World Bank 2) World Trade Organisation 3) Asian Development Bank 4) International Monetary Fund 5) United Nations Organisation View Answer 31. Which of the following is considered Non Tax Revenue of the Govt. of India as projected in the Union Budget?  1) Income Tax  2) Customs Duty 3) Service Tax  4) Corporate Tax 5) Dividends & Profits View Answer 32. What does the letter 'M' denotes in the abbreviated term 'MRTP', an act which was applicable in India till recently?  1) Money  2) Moral  3) Minimum 4) Monopolies  5) Market View Answer 33. Which of the following is a popular women's Empowerment Programme in India?  1) ASHA  2) Swabhiman 3) Mid-Day Meal  4) Bharat Nirman  5) Self Help Group View Answer 34. We know that the Industrial Sector plays an important role in the development of India. Which sector does not come under Industrial Sector?  1) Mining  2) Manufacturing 3) Banking  4) Utilities  5) Construction View Answer 35. Who among the following is one of the Deputy Governors of the RBI?  1) U.K. Sinha  2) Ranjan Mathai 3) Dr Subir Gokarn 4) Dr M.S. Ahluwalia 5) None of these View Answer 36. What does the term 'AAY' denote which is the short form of a Social Scheme launched by the Government of India?  1) Anthyodaya Awas Yojana 2) Asian Awas Yojana 3) Anthyodaya Anna Yojana 4) Area Anthyodaya Yojana 5) None of these View Answer 37. Which of the following organisations of women in India will be arisen out of the confluence of three movements - labour movement cooperative movement and women's movement based on Gandhian Philosophy?  1) TISCO  2) SHG  3) AMUL 4) SEWA  5) Gramin Bank View Answer 38. The Second Green Revolution being planned in India will be launched basically in Eastern/North Eastern states and will be based on production of 1) Sugarcane  2) Jute  3) Bamboo 4) Vegetables  5) Paddy View Answer 39. Which of the following factors has now put a check on Migration of Agricultural Labourers from one place to another in India?  1) Lack of irrigation facilities 2) Low productivity of land 3) Single crop cultivation 4) Higher wages and availability of employment 5) Launch of MGNREGA and availability of employment opportunities locally View Answer 40. Which of the following Acts helps a bank in its day-to-day activities?  1) Competition Act 2) Negotiable Instruments Act 3) Hindu Marriage Act 4) Hindu Succession Act 5) NRI Act View Answer 41. Lack of access to financial services is technically known as 1) Financial instability 2) Financial inclusion 3) Financial stability 4) Financial exclusion 5) Poverty View Answer 42. Which of the following is not one of the major functions of the National Bank for Agricultural and Rural Development (NABARD)?  1) Acting as a regulator for cooperative banks and RRBs 2) Extending assistance to the government and others in matters relating to rural development 3) Providing refinance to lending institutions in rural areas 4) Acting as a coordinator in the operations of rural credit institutions 5) Review of monetary & credit policy View Answer 43. As we all know Banks in India are required to maintain a portion of their demand and time liabilities with the Reserve Bank of India. This portion is called 1) Statutory Liquidity Ratio 2) Cash Reserve Ratio 3) Bank Deposit 4) Reverse Repo 5) Government Securities View Answer 44. Banks in their daily business face various kinds of risks. Which of the following is one such major risk?  1) Customer risk  2) Reputation 3) Goodwill risk  4) Protection risk 5) Operational risk View Answer 45. Which of the following schemes was launched by the RBI in 2004 under which Govt. of India dated Securities/Treasury Bills could be issued to absorb surplus/durable liquidity?  1) RTGS 2) External Commercial Borrowing 3) Market Stabilisation Scheme 4) High-Value Clearing Scheme 5) Pre-paid Payment Instrument Facility View Answer 46. How much amount (in Rs. Crores) was allocated for raising credit to the farmers in the Union Budget 2011-12?  1) Rs. 4,75,000  2) Rs. 5,75,000 3) Rs. 6,75,000  4) Rs. 7,75,000 5) None of these View Answer 47. What does the letter 'M' denote in the name 'MFI' as used in the financial sector?  1) Mini  2) Monetary  3) Micro 4) Mega  5) Multiple View Answer 48. The Govt. of India has created a women's Self Help Group Development fund so that it can reduce their interest burden. What is the size of the fund?  1) Rs. 100 crore  2) Rs. 200 crore 3) Rs. 250 crore  4) Rs. 400 crore 5) Rs. 500 crore View Answer 49. Which of the following is not a programme launched by the Govt. of India?  1) Sarva Shiksha Abhiyan 2) Rashtriya Krishi Vikas Yojana 3) Accelerated Irrigation Benefit Programme 4) National Rural Livelihood Mission 5) Jeevan Anand Yojana View Answer 50. Which of the following schemes is launched to provide prenatal and postnatal care to mother and child?  1) National Mission for Protein Supplements 2) Initiative on Vegetable Clusters 3) Promotion of Nutri Cereals 4) Jan Mitra Yojana 5) Janani Suraksha Yojana View Answer 51. Which of the following statements is TRUE about International Monetary Fund (IMF)?  1) IMF provides ways and means funds to member countries 2) IMF is an agency of the World Bank and is situated in Prague 3) IMF makes all the rules and regulations in relation to the world trade between the nations 4) On becoming member of the IMF, countries get finance as temporary balance of payment needs 5) IMF is an organisation floated by the members of NATO and caters to the need of those countries only View Answer 52. The bank rate is 1) Free to fluctuate according to the forces of demand and supply 2) Set by the RBI 3) Set by the RBI as directed by the Union Ministry of Finance 4) Set by RBI as advised by the Indian Banks Association 5) Set by Government of India on the recommendation of the Planning Commission View Answer 53. Which of the following terms is used in the field of Banking & Finance?  1) Special Drawing Rights 2) Affirmative Defence 3) Civil Procedure 4) Informed Consent 5) Question of Fact View Answer 54. Which of the following is one of the Millennium Development Goals fixed by the United Nations Organisation (UNO)?  1) Develop a global partnership for development 2) Develop new varieties of food grains which can ensure bumper crops 3) To ensure that population does not increase in the least developed countries at an alarming rate 4) Develop measures to avert deadly Hurricanes/ Tsunamies etc., in an effective way 5) Ensure that a Global Economy is developed where all nations can participate according to their strengths View Answer 55. Which of the following countries recently got a new bailout package with the help of the Private Sector?  1) Germany  2) France  3) USA 4) Greece  5) Russia View Answer 56. By which of the following months Goods and Services Tax (GST) is to be implemented in India?  1) April 2015  2) April 2014  3) April 2013 4) April 2012  5) June 2012 View Answer 57. India recently completed negotiations with 16 countries for entering into a 'TIEA'. TIEA denotes which of the following?  1) Tax India Exchange Account 2) Tax Information Exchange Agreement 3) Total Information Exchange Accord 4) Terminal Issue & Exchange Agreement 5) Tax Issues & Export Agreements View Answer 58. Famous Sardar Sarovar Dam is built across which of the following rivers?  1) Ganga  2) Tapti 3) Krishna 4) Narmada  5) Sutlej View Answer 59. Which of the following is not a Credit Rating Agency?  1) Credit Analysis & Research Ltd (CARE)  2) Lintas India Pvt. Ltd.  3) Moody's Investors Service 4) Standard & Poor's 5) Fitch Ratings View Answer 60. Who among the following is the President (Chief) of the World Bank at present?  1) Peter Thomson  2) Goran Hadzic 3) Robert B. Zoellick  4) Alan Greenspan 5) Z. Zang View Answer 61. Which of the following issues was/is an issue in World Trade Organisation on which India and few other countries were having all together different views than the developed countries?  1) Subsidies and Government procurement policy 2) G M varieties of certain crops 3) Making Yuan as major trade currency 4) Special treatment to NATO countries 5) All of these View Answer 62. Who among the following is the Head of the National Manufacturing Competitiveness Council, reconstituted recently?  1) Isher Ahluwalia 2) Dr. Kaushik Basu 3) V. Krishnamurthy  4) G. M. Rao 5) None of these View Answer 63. Which of the following Nations is a member of G-8?  1) New Zealand  2) Libya  3) China  4) South Sudan 5) Canada View Answer 64. Dr. Manmohan Singh recently addressed UN General Assembly. Which of the following was the major issue which he emphasised in his speech?  1) Usefulness of multilateral lending agencies like IMF and World Bank in the present context 2) WTO's efforts to introduce more and more GM crops in the market 3) Democratic rights in gulf countries 4) Mechanism to control oil prices in the world 5) Need of strong Indo-China relations View Answer 65. Which of the following is called "Robinhood Tax" and was in news during recent Summit of G-20 nations?  1) Excise Duty  2) VAT  3) GST  4) Tobin Tax 5) None of these View Answer 66. The Approach Paper of 12th Five-Year Plan got approval of the Union Cabinet recently. Which of the following is added for the first time in Approach Paper?  1) Growth Rate and mechanism to achieve it 2) Corruption, Transparency and Governance 3) Strengthening of Agriculture Sector 4) Periodical Review of Monetary Policy by the Govt. and not by RBI 5) All of these View Answer 67. A huge reserve of gas was explored recently in Northern Rashidpur Gas Fields of 1) Bhutan  2) Bangladesh 3) Sri Lanka 4) Pakistan  5) Afghanistan View Answer 68. Which of the following agencies recently conducted a Pollution Survey of various cities across the world and found out that cities in India, Iran, Pakistan and Mongolia are the most polluted cities in the world?  1) World Bank 2) International Monetary Fund 3) Asian Development Bank 4) World Trade Organisation 5) UNESCO View Answer 69. The Central Banks of five developed countries recently came together and decided to provide unlimited dollar loans to banks in their areas. What was the purpose of the same?  1) To prevent China from becoming a bigger lender than the World Bank 2) Ease growing tensions in the Euro zone's financial sector 3) To reinstate USA's credit rating at AAA level from the downgraded AA+ level 4) To create an emergency pool of dollars to provide instants help to any country in case of need 5) None of these View Answer 70. Which of the following is a payment and settlement system used by the banks in India?  1) Liquidity Adjustment Facility 2) Real Time Gross Settlement 3) Forward Rate Agreements 4) Central Depository Service 5) Negotiated Dealing System View Answer 71. 'Federal Reserve' is the Central Bank of which of the following countries?  1) Russia  2) Britain  3) Canada 4) Australia  5) USA View Answer 72. The Y.H. Malegam committee which submitted its report a few months back was set up to report on further improvement of functioning of 1) Micro Finance Institutions 2) Stock Exchanges in India 3) Cooperative Banks 4) Regional Rural Banks 5) Foreign Banks having offices in India View Answer 73. The Comptroller and Auditor General (CAG) of India recently got appointed as External Auditor of which of the following organisations/agencies?  1) World Bank  2) Bank of America 3) UNESCO  4) IAEA & WIPO 5) International Monetary Fund (IMF)  View Answer 74. 'Special Drawing Rights' are the rights of countries provided by 1) World Bank  2) IMF  3) ADB 4) Federal Reserve’s 5) None of these View Answer 75. Indian citizens are allowed to invest overseas freely except in 1) Sri Lanka  2) UK  3) Bangladesh 4) Nepal  5) Pakistan View Answer 76. Who among the following represented India in the first South Asia Forum meeting held in September 2011?  1) Dr. Manmohan Singh 2) Pranab Mukherjee 3) Kamal Nath  4) Anand Sharma 5) Sonia Gandhi View Answer 77. Which of the following schemes is launched by the Govt. of India to make Indian cities free from hutments and slums?  1) Indira Awas Yojana 2) Rajiv Awas Yojana 3) Rashtriya Gram Swaraj Yojana 4) Central Rural Sanitation Programme 5) None of these View Answer 78. Which of the following is the largest producer of chemical fertilisers in the world?  1) India  2) USA  3) Mexico 4) Russia  5) China View Answer 79. Which of the following is the abbreviated name of the programme launched by the Govt. of India for developing desert areas?  1) DRDA  2) CAPART  3) DDP 4) IRDP  5) DWCRA View Answer 80. Who among the following are the two economists who got Nobel Prize in 2011 for their contribution in Economics?  1) Thomas J. Sargent & Christopher A. Sims 2) Peter A. Diamond & Thomas J. Sargent 3) Christopher A. Sims & Dale T. Mortensen 4) Olliver O. Willamson & Amartya Kumar Sen 5) None of these View Answer

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Published on 10/28/2015 2:31:00 PM