Reserve Bank Of India Officer Group-B Examination
RBI General Awareness Sample Questions
Q. Lack of access to financial services is technically known as—
financial instability
financial inclusion
financial stability
financial exclusion
poverty
Q. Which of the following is NOT one of the major functions of the National Bank for Agricultural and Rural Development (NABARD)?
Acting as a regulator for co–operative banks and RRBs
Extending assistance to the government and others in matters relating to rural development
Providing refinance to lending institution in rural areas
Acting as a coordinator in the operations of rural credit institutions
Review of monetary and cred- it policy
Q. 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 —-
Statutory Liquidity Ratio
Cash Reserve Ratio
Bank Deposit
Reverse Repo
Government Securities
Q. Banks in their daily business face various kinds of risks. Which of the following is one such major risk ?
Customer risk
Reputation
Goodwill risk
Protection risk ” .
Operational risk
Q. Which of the following schemes was launched by the RBI in 2004 under which Government of In- dia dated Securities/Treasury Bills could be issued to absorb surplus/durable liquidity ?
RTGS
External Commercial Rorrowing
Market Stabilization Scheme
High value clearing scheme
Prepaid payment Instrument facility
Q. How much amount (in ^ crores) was allocated for raising credit to the farmers in the Union Bud- get 2011-12?
475000 crores
575000 cro’res
675000 crores
775000 crores
None of these
Q. What does the letter ‘M’ denote in the name ‘MFI’ as used in financial sector ?
Mini
Monetary
Micro
Mega
Multiple
Q. The Government of India has created a women’s Self Help Group Development Fund so that it can reduce their interest bur- den. What is the size of the fund?
100 crores
200 crores
250 crores
400 crores
500 crores
Q. Which of the following is NOT a programme launched by the Government of India ?
Sarva Shiksha Abhiyan
Rastriya Krishi Vikas Yojana
Accelerated Irrigation Benefit Programme
National Ruraà Livelihood Mission
Jeevan Anand Yojana
Q. Which of the following schemes is launched to provide prenatal and postnatal care to mother and child ?
National Mission for Protein Supplements
Initiative on Vegetable Clusters .
Promotion of Nutri Cereals
Jan Mitra Yojana
Janani Suraksha Yojana
Q. Which of the following statements is TRUE about International Monetary Fund (IMF) ?
IMF provide Ways and
Means Funds to member countries
IMF is an agency of the World Bank and is situated in Prague
IMF makes all the rules and regulations in relation to the World Trade between the nations
On becoming member of the IMF, countries get finance as temporary Balance of payment needs
IMF is an organization floated by the members of NATO and caters to the need of those countries only
Q. The bank rate is
free to fluctuate according to the forces of demand and supply
set by the R. B. I.
set by the R. B. I. as directed by the Union Ministry of Finance
set by R. B. I. as advised by the Indian Banks Association
set by Government of India on the recommendation of the Planning Commission
Q. Which of the following terms is used in the field of Banking and Finance ?
Special Drawing Rights
Affirmative Defence
Civil Procedure
Informed Consent
Question of Fact
Q. Which of the following is one of the Millennium Development Goals fixed by the United Nations Organization (UNO)?
Develop a global partnership for development
Develop new varieties of food grains which can ensure bumper crops
To ensure that population does not increase in Least Developed countries at an alarming rate
Develop measures to avert deadly Hurricanes/Tsunamies etc. in an effective way
Ensure that a Global Economy is developed where all nations can participate ac- cording to their strengths
Q. Which of the following countries recently got a new bailout pack- age with the help of the Private Sector?
Germany
France
USA
Greece
Russia
Q. By which of the following months Goods and Services Tax (GST) is to be implemented in India ?
April2015
April 2014
April 2013
April 2012
June 2012
Q. India recently completed negotiations with 16 countries for entering into a ‘TIEA’. TIEA denotes which of the following ?
Tax India Exchange Account
Tax Information Exchange Agreement
Total Information Exchange Accord
Terminal Issue and Ex- change Agreement
Tax Issues and Export Agreements
Q. Famous Sardar Sarovar Dam is built across which of the following rivers ?
Ganga
Tapti
Krishna
Narmada
Satlej
Q. Which of the following is NOT a Credit Rating Agency ?
Credit Analysis and Research Ltd. (CARE)
Lintas India Pvt. Ltd.1
Moody’s Investors Service
Standard and Poors
Fitch Ratings
Q. Who among the following is the President (Chief) of the World Bank at present ?
Peter Thomson
Goran Hadzic
Robert B Zoellick
Alan Greenspan
Z. Zang
Q. Which of the following issues was/is an issue in World Trade Organization on which India and few other countries were having all together different views than developed countries ?
Subsidies and Government procurement policy
G M varieties of certain crops
Making Yuan as major trade currency
Special treatment to NATO countries
A11 of these
Q. Who among the following is the Head of the National Manufacturing Competitiveness Council, reconstituted recently ?
Shri Isher Ahlúwalia
Dr. Kaushik Basu
Shri V. Krishnamurthy
Shri G. M. Rao
None of these
Q. Which of the following nations is a member of G-8 ?
New Zealand
Libya
China,
South Sudan
Canada
Q. Dr. Manmohan Singh recently addressed UN General Assembly. Which of the following was the major issue which he emphasized in his speech ?
Usefulness of multilateral ‘lending agencies like IMF and World Bank in the present context
WTO’s efforts to introduce more and more G M Crops in the market
Democratic Rights in Gulf Countries N
Mechanism to control oil prices in the world
Need of strong Indo-China relations
Q. Which of the following is called ‘ “Robinhood Tax” and was in news during recent Summit of G-20 nations ?
ExciseDuty
VAT
Goods and Services Tax
Tobin Tax
None of these
Q. The Approach Paper of 12th FÃve Year Plan got approval of the Union Cabinet recently. Which of the following is added for the first time in approach papers ?
Growth Rate and mechanism to achieve it
Corruption, Transparency and Governance
Strengthening of Agriculture sector
Periodical Review of Monetary policy by the Government and not by RBI
All of these
Q. A huge reserve of gas was explored recently in Northern Rashidpur Gas Fields of —
Bhutan
Bangladesh
Sri Lanka
Pakistan
Afghanistan
Q. 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 ?
World Bank
International Monetary Fund
Asian Development Bank
World Trade Organization
World Health Organization
Q. 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 ?
To prevent China from be- coming a bigger lender than the World Bank
Ease growing tensions in the Euro zone’s financial sector
To reinstate USA’s Credit rating at AAA level from the downgraded AA+ level
To create an emergency pool of dollars to provide instant help to any country in case of need
None of these
Q. Which of the following is a payment and settlement system used by the banks in India ?
Liquidity Adjustment Facility
Real Time Gross Settlement ‘
Forward Rate Agreements
Central Depository Service
Negotiated Dealing System
Q. ‘Federal Reserve’ is the Central Bank of which of the following countries ?
Russia
Britain
Canada
Australia
USA
Q. The Y. H. Malegam Committee which submitted its report a few months back was set up to re- port on further improvement of functioning of—
Micro Finance Institutions
Stock Exchanges in India
Cooperative Banks
Regional Rural Banks
Foreign Banks having offices in India
Q. The Comptroller and Auditor General (CAG) of India recently got appointed as External Audi- tor of which of the following organizations/agencies ?
WorldBank
Bank of America
UNESCO
IAEA and WIPO
International Monetary Fund(IMF)
Q. ‘Special Drawing Rights’ are the rights of countries provided by—
WorldBank
IMF
ADB
Federal Reserves
None of these
Q. Indian citizens are allowed to in- vest overseas freely except in—
SriLanka
UK
Bangladesh
Nepal
Pakistan
Q. Who among the following represented India in first South Asia Forum Meeting held in September 2011 ?
Dr. Manmohan Singh
Shri Ranjan Mathai
Dr. Mahendra Lama
First Two
All Of These)
Q. Which of the following schemes is launched by the Government of India to make Indian cities free from hutments and slums ?
Indira Awas Yojana
Rajiv Awas Yojana
Rashtriya Gram Swaraj Yojana
Central Rural Sanitation Programme
None of these
Q. Which of the following is the largest producer of chemical fertilizers in the world ?
India
USA
Mexico
Russia
China
Q. Which of the following is the abbreviated name of the programme launched by the Government of India for developing desert areas ?
DRDACAPART
DDP
IRDP
DWCRA
Q. Who among the following are the two economists who got Nobel Prize in 2011 for their contribution in Economics ?
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 Jayantà 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?
