Reserve Bank Of India Examination : RBI Grade B General Awareness Questions

Reserve Bank Of India Officer Grade-B Examination

RBI General Awareness Sample Questions

1. Some time 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” ?

• Frequent changes in monetary/fiscal policies
• No change in the Government in last ten years as general elections did not take place
• Low Per Capita income of a specified level and instability in agricultural/industrial production
• Huge losses due to natural disasters resulting in dis-. placement of people in majority
• Scarcity of trained/skilled manpower in the country

2. Which of the following statements about the Indian Economy in the last decade is Not Correct ?

• The economy of India is the fourth largest in the world with GDP of about 4 trillion US $ at Purchasing Power Parity (PPP).
• Agriculture which was a major concern for the growth of the economy is now growing at an average of 7% per annum.
• A strong Balance of Payment (BOP) position in recent years has resulted in a comfortable stock of the foreign exchange reserves.
• India has emerged as a global leader in software and business process outsourcing.
• Indian economy has shown a remarkable average GDP growth of 6.8% during last ten years.

3. Who among the following is very closely associated with the day to day functioning of the Reserve Bank of India ?

• Dr.Subir Gokarn
• Mr. U. K. Sinha
• Dr. Kaushik Basu
• Mr. Narendra Jadhav
• None of these

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 ?

• India is a young country with low dependency ratio
• More and more Indian youth under the age of 30 are get- ting better health care and access to quality technical education
• The so called Middle class of India is happy as they have better housing and earning facilities
• More employment opportunities and resultant financial freedom have made young women folk to pursue single life and delay marriage
• Indian youth are now biggest consumers of luxurious goods, they spend discretion- ary income and enjoy the associated status.

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 iri the country for —

• Stronger police force
• Faster legal proceedings and effective judiciary
• Greater Accounting transparency and Corporate Governance
• Better employer employee relationship and active participation of employees in managerial functions
• All of these

6. Frequent-changes in the cost of which of the following commodities at international levels, push inflation upwards ?

• Vegetables
• Foodgrains
• Petroleum Products
• Milk
• A11 of these

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 ?

• SEZs attract significant foreign direct investment from overseas and MNCs
• SEZs give a far better price for land to the farmers and others who sell their land for the same
• Production in SEZs is done for local consumption only and is supposed to tame inflation in the country
• 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 inter- est rates
• A11 of these

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

• GNI
• GDP
• Inflation
• PPP
• Wealth of a nation

9. Which of the following is one of the indicators of Human Development Index (HDI) ?

• Life expectancy at birth
• Total cost of the agricultural land with a family
• Total area of the agricultural land with a family
• Availability of perennial source of water for irrigation
• Nature of employment, casual/permanent or semi-permanent

10. Which of the following is one of the measures of economic growth of a country?

• Volume of Direct Investment made by Foreign countries
• Number of companies listed bn the Stock Exchanges
• Gross Domestic product of the nation
• Number of Foreign nationals working in a country
• All of these

11. What is the contribution of Agricultural sector in total GDP of India ? About—

• 10%
• 24%
• 38%
• 40%
• 60%

12. What is the contribution of Service Sector in total GDP of India?

• 10%
• 14%
• 18%
• 26%
• None of these

13. In India, the National Income is measured on the basis of —

• Flow of goods only
• Number of employed youth only
• Volume of tax collected per annum
• Earning of people working in PSUs and Government jobs
• All of these

14. Which one of the following a measure of Fiscal Reforms, has Government of India adopted ?

• Bringing down fiscal deficit to a particular level by an Act of Law
• Fixing higher rate of growth
• Allocation of more funds to job oriented schemes
• Allocation of more funds to provide education to children who are 6-14 years of age
• None of these

15. ‘Green House Gases’ are responsible mainly for —

• Growth of Livestock population
• Volume of foreign trade
• Quality of agro products in a country
• Industrial, Development of a nation
• Global warming

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?

• Pradhan Mantri Gram Sadak Yojana
• Bharat Nirman
• Mahatma Gandhi National Rural Employment Guarantee Act
• Swarn Jayantí Gram Swarojgar Yojana
• All of these

17. Which of the following is a Social Development programme launched by the Government of India for school children ?

• Bharat Nirman
• ASHA
• Kutir Jyoti
• Mid Day Meal Scheme
• Aadhar Yojana

18. Which of the following economic concept is categorized on the ba- sis of Current Account or Capi- tal Account or both ?

• Balance of payment
• Value of the foodgrain stock ofacountry
• Gross National Product (GNP)
• Gross National Income (GNI)
• Total collection of Direct Taxes in a year

19. Which of the following acts is/ was introduced for the purpose of sustainable growth ?

• Water (Prevention and Control of Pollution) Act
• Narcotics and Psychotropic Substance Act
• Foreign Exchange Management Act
• Banking Regulation Act
• Prevention. of Money Laundering Act

20. ‘IAEA’ is organization which functions in the area of

• Prevention of Money Laundering
• Control of B’oreign Direct In- vestment
• Nuclear Energy
• WorldTrade
• Promoting International understanding among the nations.

21. As reported in newspapers, China has raised objection on India’s presence in South China sea along with Vietnam. Both the nations are engaged in which of the following activities in the sea? ‘

• Fishing 
• Exploring Minerals
• Exploring Oilfields
• Disposal of electronic waste
• Disposal of nuclear waste

22. Which of the following is the purpose of introducing ‘Know Your Customer’ norms by the banks ?

• To bring more and more people under the banking net.
• Identifying people who do not pay Income Tax
• To ensure that the money deposited in banks has come from genuine sources
• To ensure whether the money deposited in the bank is of an Indian or a foreign national
• None of these

23. Which of the following organizations is established mainly to promote Micro, Small & Medium industrial sector in India ?

• NABARD
• SIDBI
• IDBI Bank
• EXIM Bank
• All of these

24. As reported in newspapers, the Market Borrowings of the Union Government have gone up in 2011-12 (upto September 2011). What is the main reason for the same ?

• Fixing very high target of growth
• Lower than budgeted collection of the revenue
• Lower than expected flow of foreign investment
• RBI’s reluctance in giving fresh loans to the Government of India for developmental projects
• Consistent revision in the limit of the Ways and Means Advances given to the Government of India by the RBI

25.“Core Industries witness lower growth in last few months” – was the news in some major news- papers recently. This means the performance of which of the following is NOT taken into accounts for the same?

• Steel
• Cement
• Coal
• Gem and Jewellery
• Crude oil

26. ‘Center brings the curtain down on DEPB scheme’ – was the news recently. What is the full form of the term DEPB ?

• Developmental Enterprises Promotion Board
• Duty Entitlement Pass.Book
• Duty Enforcement and Pro- motion Board
• Development, Export and Procurement Bureau
• Deportation and Enforced Prevention Bureau

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—

• Look East policy
• Switch over to LNG
• Business With Most Favoured Nations only
• Convention on Supplemental Compensation (CSC)
• New Business : New Partners Scheme

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 ?

• Uttar Pradesh
• Karnataka
• Orissa
• Madhya Pradesh
• Gujarat

29. The Meet of the Finance Chiefs of G-7 countries was held in September 2011 in —

• London
• Tokyo
• Paris
• Marseille
• Vienna

30. Which of the following organizations has given a warning to the nations of the world that there may be increased risk to global financial stability in the world ?

• World Bank
• World Trade Organization
• Asian Development Bank
• International Monetary Fund
• United Nations Organization

31. Which of the following is considered Non Tax Revenue of the Government of India as projected in the Union Budget ?

• Income Tax
• Custom Duty
• ServiceTax
• Corporate Tax
• Dividends and Profits

32. What does the letter ‘M’ denote in the abbreviated term ‘MRTP’, an act which was applicable in India till recently ?

• Money
• Moral
• Minimum
• Monopolies
• Market

33. Which of the following is a popular women’s Empowerment Programme in India ?

• ASHA
• Swabhiman
• Mid Day Meal Scheme
• Bharat Nirman
• Self Help Group

34. We know that the Industrial sec- tor plays an important role in the development of India. Which sector does not come under Industrial sector ?

• Mining
• Manufacturing
• Banking
• Utilities
• Construction

35. Who among the following is one of the Deputy Governors of the RBI? .

• Shri U. K. Sinha
• Shri Ranjan Mathai
• Dr. Subir Gokarn
• Dr. M. S. Ahluwalia
• None of these

36. What does the term ‘AAY’ denote which is the short form of a Sociál Scheme launched by the Government of India?

• Antodaya Awas Yojana
• Asian Awas Yojana
• Antodaya Anna Yojana
• Area Antodaya Yojana
• None of these

37. Which of the following organizations 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 ?

• TISCO
• SHG
• AMUL
• SEWA
• Gramin Bank

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—

• Sugarcane
• Jute
• Bamboo
• Vegetables
• Paddy

39. Which of the following factors has now put a check on Migration of Agricultural Labourers from one place to another in India?

• Lack of irrigation facilities
• Low productivity of land
• Single crop cultivation
• Higher wages and availability of employment
• Launch of MGNREGA and availability of employment opportunities locally

40. Which of the following Acts helps a bank in its day to day activities?

• Competition Act
• Negotiable Instruments Ac
• Hindu Marriage Act
• Hindu Succession Act
• NRI Act