RBI Assistants Exam Test of General Awareness Solved Paper (Exam Held On: 01-08-2015 Second Shift)

1. Longest dam in India - Hira Kund
2. Headquarters of world maritime - London
3. Ceat cricketer of the year - Ajinkya Rahane
4. Bhutan capital - Thimpu
5. Health minister - J P Nadda 
6. Estonia currency - Euro
7. Dispur is the Capital of - Assam
8. What is the currency of Estonia - Euro
9. 29 July - World Tiger Day
10. Y K Sabharwal who died recently in New Delhi at the age of 73? Who was he - Former Chief Justice of India
11. Bradley James Haddin is related to which sport - Cricket
12. Where is Asian Development Bank's (ADB) headquarters located - Manila
13. The New Development Bank (NDB) is headquartered in - Shanghai, China.
14. When new Service Tax Rate of 14 % came into effect - June 1
15. Ctrl + c for - Copy
16. In SLR what does R stand for - Ratio
17. Questions From 1st Shift of RBI Assistant Exam - 1st August
18. Kamakhya temple is a famous pilgrimage situated at which state - Assam
19. Gautam Budha Wildlife Sanctuary is a wildlife sanctuary located in Gaya district of - Bihar
20. World Tourism Day (WTD) is commemorated each year on - 27 September
21. Who is the author of the book 'Kashmir: The Vajpayee Years' - A. S. Dulat
22. Minimum age for joining Atal Pension Yojana is 18 years and maximum age is - 40 years
23. A bit over 18 years which state has decided to withdraw the Armed Forces Special Powers Act or AFSPA, a controversial law that gives the army sweeping emergency powers in troubled areas - Tripura
24. The total coverage is for Pradhan Mantri Suraksha Bima Yojana - Rs. 2 Lakh
25. Biggest life insurer in India - Life Insurance Corporation (LIC)

RBI Assistants Exam Test of General Awareness Solved Paper (Exam Held On: 01-08-2015 First Shift)

1. Dadra and Nagar Haveli capital - Silvassa
2. IMF headquarter - Washington DC
3. National Teachers Day - 5th September
4. AIIB hq - BEIJING
5. Recently appointed Deputy governor of RBI - S.S.Mundra
6. Swiss Currency - Franc
7. Keoladeo National Park in which state - RAJASTHAN
8. Age limit in sukanya samridhi - 10years
9. Information Broadcasting Minister - Arun Jaitley
10. RRBs AUTHORIZED capital limit - 5 CRORE
11. In which year, Cooperative Societies Act was enacted - 1912
12. Charles Correa was an Indian Architect, urban planner and activist. Who died recently on 26 june 2015
13. Which of the following bodies regulates the Regional Rural Banks - NABARD
14. Bibek Debroy committee is associated with - restructuring - Indian Railways
15. For the regional rural banks, which among the following is the correct share of Central, State and Sponsor Bank - 50%, 15%, 35%
16. Longest river in the world - River Nile
17. Which of the following gives maximum employment in India - Indian Railways
18. Bank with a corpus of - Rs. 20000 crores
19. Atal pension yojna age limit - 18 to 40 years
20. Prime Minister Narendra Modi launched - MUDRA
21. authorised capital of Regional Rural Banks - Rs. 5 crore
22. ‘Test of my life’ is the auto biography of  - Yuvraj Singh
23. WHO related to -
24. According to World Investment Report which of the following countries became the highest recipient of FDI in 2014 – China
25. RBI will take back pre 2005 series notes by - 31 dec 2015
26. Half yearly financial stability report by whom - RBI
27. Who is Nazim Zaidi – Chief Election Commissioner of India
28. India's uranium Deal with which country for next five years - CANADA
29. Vienna is capital of - Austria
30. NASA FOUND SOMETHING ON WHICH PLANET
31. ICC PRESIDENT - ZAHEER ABBAS
32. WHICH BANK VOICE RECOGNIZED PASSWORD IN ATMS –ICICI
33. SBI INSURANCE WITH WHICH INSURANCE COMPANY - BNP PARIBAS
34. Kaiga atomic power plant in which state - KARNATAKA
35. Kalinga stadium situated in - BHUBNESHWAR, ODISSA
36. Floyd Joy Mayweather is related to which sport? - Boxing
37. India-Africa 2015 summit held in - NEW DELH
38. What was the name of State Bank of India (SBI) before it was created by SBI Act - Imperial Bank of India
39. President of the New Development Bank being set up by BRICS? -  K V Kamath

Reserve Bank of India Assistants Exam 2012 General Awareness Solved Papers

1. USA has asked India to reduce its dependence on crude oil supply from which of the following countries which is also a member of the OPEC ? 
(A) Venezuela (B) Iraq (C) Libya 
(D) Iran (E) Nigeria 
Ans : (D)

2. Which of the following is the most’ essential financial service which should be provided to the poor people to bring them in the network of financial inclusion? 
(A) Insurance for life (B) Investment plan for future 
(C) Pension for old age (D) A bank account where he/she can save small amount 
(E) Health insurance for minor illnesses and hospitalisation in case of need 
Ans : (D)

3. Who among the following is the President of a country at present ? 
(A) Rupert Murdoch (B) Ban Ki-moon (C) Yoshihiko ode 
(D) Nicolas Sarkozy (E) None of these 
Ans : (D)

4. What does the letter F denote in ‘BFCs’, a term seen very frequently in Banking world these days ?
(A) Formal (B) Fiscal (C) Federal 
(D) Functional (E) Financial 
Ans : (E)

5. Who among the following is a Deputy Governor of the RBI at present?
(A) Sri Sunil Mitra (B) Sri Azim Premji (C) Sri H. R. Khan 
(D) Mrs. Sushma Nath (E) None of these 
Ans : (C)

6. Standard and Poor’s is a Credit Rating Agency of international repute. Which of the following is one such agency of Indian origin? 
(A) IBA (B) BASEL (C) SEBI 
(D) IRDA (E) CRISIL 
Ans : (E)

7. Who among the following is the Chief Minister of Uttrar Pradesh at present ? 
(A) Akhilesh Yadav (B) Mulayarn Singh Yadav (C) Mayawati 
(D) Amar Singh (E) None of these 
Ans : (A)

8. Coin of which of the following denominations is called Small Coin ? 
(A) Re. 1 (B) Rs. 2 (C) Rs. 5 
(D) 50 paisa (E) Rs. 10 
Ans : (D)

9. Which of the following is not a highlight of the Union Budget 2012-13 ? 
(A) No change in rate of Corporate Tax (B) All types of loans up to Rs. 35 lacs will be given on 6% interest only 
(C) Service Tax raised from 10% to 12% (D) Fiscal Deficit is targeted at 5.1 % of GDP 
(E) Substantial increase in Defence Budget 
Ans : (A)

10. Which of the following services/products of banks is specially designed and launched to help students? 
(A) Personal loan (B) Corporate loan (C) Business loan 
(D) Medical loan (E) Education loan 
Ans : (E)

11. Which of the following terms is not directly associated with the functioning of RBI ? 
(A) Open Marker Operations (B) Cash Reserve Ratio (C) SENSEX 
(D) Liquidity Adjustment Facility (E) Public Debt Office 
Ans : (C)

12. Which of the following is one of the major activities of the National Bank for Agriculture and Rural Development (NABARD) ? 
(A) On-site inspection of Cooperative Banks and Regional Rural Banks (RRBs) 
(B) Helping Government of India in preparing Union Budget and presenting it in the Cabinet Meeting 
(C) Acting as custodian of the foreign exchange reserves of the country 
(D) Deciding rate of interest on Savings Bank Accounts in Public Sector Banks 
(E) Representing India in World Bank and other such agencies 
Ans : (A)

13. Dipika who won Crocodile Challenge Cup Finals, played in December 2011, is a famous– 
(A) Badminton player (B) Table Tenn. is player (C) Lawn Tennis player 
(D) Chess player (E) Squash player 
Ans : (E)

14. Who among the following is the recipient of Nobel Prize in Literature given in 2011 ? 
(A) Bruce A. Beutler (B) V.S. Naipaul (C) Tomas Transtromer 
(D) Ralph M. Steinman (E) Chetan Bhagat 
Ans : (C)

15. The 59th National Film Award for Best Actress was given to– 
(A) Vidya Balan (B) Kareena Kapoor (C) Priyanka Chopra 
(D) Lara Dutta (E) Roopa Ganguly 
Ans : (A)

16. Which of the following is the abbreviated name of the body/agency set up to boost foreign investments in India? 
(A) FOREX (B) FCCB (C) FIPB 
(D) FEMA (E) AITAF 
Ans : (C)

17. Performance of which of the following is not considered infrastructural sector of economy? 
(A) Electricity (B) Textile Sector (C) Telecom 
(D) Cement (E) Road and Railways 
Ans : (B)

18. Sachin Tendulkar made his 100th century in the match played between India and–
(A) Pakistan (B) England (C) Australia 
(D) Bangladesh (E) Sri Lanka 
Ans : (D)

19. Who amongst the following was awarded Padma Vibhushan in 2012 ? 
(A) T.V. Rajeswar (B) Aruna Irani (C) A.R. Rahman 
(D) Shabana Azrni (E) Anup Jalota 
Ans : (A)

20. Which of the following countries is a member of BRICS ? 
(A) Bhutan (B) Iran (C) Romania 
(D) Sudan (E) South Africa 
Ans : (E)

21. Which of the following countries recently placed its first Spacelab ‘Tiangong-1’ into orbit? 
(A) North Korea (B) Japan (C) India 
(D) France (E) China 
Ans : (E)

22. Who among the following is the Solicitor-General of India at present ? 
(A) Jacob Mathew (B) Rohinton Nariman (C) Gopal Subrarnaniam 
(D) Ashok Chawla (E) None of these 
Ans : (B)

23. Which of the following schemes is launched by the Government of India to motivate school children to attend school regularly? 
(A) Kutir Jyoti (B) lid-Day Meal (C) MGREGA 
(D) RAY (E) Bharat Nirman 
Ans : (B)

24. As per the news published in various newspapers, Government is planning to set up a Regulatory Body in educational field specially for– 
(A) Higher Education (B) Medical Education (C) Elementary Education 
(D) Secondary Education (E) Adult Education
Ans : (A)

25. Which of the following countries is selected as a host of Commonwealth Games-2018 ? 
(A) India (B) Australia (C) Pakistan 
(D) South Africa (E) Sri Lanka 
Ans : (B)

26. France has agreed to supply ‘Rafale’ to India. The deal is about the supply of– 
(A) Warships (B) RADAR system (C) Fighter Aircrafts 
(D) Nuclear Reactors (E) Submarines 
Ans : (C)

27. ‘Seychelles’, where China is going to set up its new military base, is a country in– 
(A) Bay of Bengal (B) China Sea (C) Indian Ocean 
(D) Red Sea (E) Caspian Sea 
Ans : (C)

28. Which of the following terms is used in the field of Economics ? 
(A) Absolute Zero (B) Molecular Equation (C) Zero Point Energy 
(D) Balance of Payment (E) Mass Defect 
Ans : (D)

29. ‘Kyoto Protocol’, an agreement signed by various countries, is associated with the field of– 
(A) International trade (B) Clean environment and climate change 
(C) Currency swap (D) Deep sea mining and oil exploration 
(E) Building a common food stock to save mankind in case of any natural calamity 
Ans : (B)

30. World’s AIDS Day is observed on which of the following days ? 
(A) 1st December (B) 1st March (C) 1st April 
(D) 1st May (E) 1st January 
Ans : (A)

31. USA decided to withdraw its army from which of the following countries after a 9 years’ long stay of the same there? 
(A) Afghanistan (B) Libya (C) Egypt 
(D) Iraq (E) Iran 
Ans : (D)

32. Which of the following Cups/Trophies is associated with the game of Lawn Tennis ? 
(A) FIFA Cup (B) Champions Trophy (C) Ranji Trophy 
(D) Subroto Cup (E) Davis Cup 
Ans : (E)

33. Which award is given to the coaches of Sportspersons ? 
(A) Dronacharya Award (B) Arjuna Award (C) Kalidas Samman 
(D) Rajiv Gandhi Khel Ratna (E) Saraswati Samman 
Ans : (A)

34. Which of the following terms is used in the game of Cricket ? 
(A) Heave (B) Silly Point (C) Tee 
(D) Smash (E) Grand Slam 
Ans : (B)

35. A new Nuclear Power Plant is being set up in which of the following places in India ? 
(A) Amethi (B) Firozabad (C) Jaitapur 
(D) Joshi Math (E) Satha 
Ans : (C)

36. Which of the following schemes is launched to make cities in India slum- free? 
(A) Jawaharlal Nehru National Urban Renewal Mission (B) Bharat Nirman (C) Rajiv Awas Yojana 
(D) Indira Awas Yojana (E) None of these 
Ans : (C)

37. Who among the following is a famous author of Indian origin ? 
(A) Homi K. Bhabha (B) Kiran Desai (C) Swati A. Piramal 
(D) Shabana Azmi (E) Ronen Sen 
Ans : (B)

38. Who among the following has written the famous book “Malgudi Days”? 
(A) V.S. Naipaul (B) Deepak Chopra (C) Rabindranath Tagore 
(D) Vijay Tendulkar (E) R.K. Narayan 
Ans : (E)

39. Which of the following is not the name of the currency of a country? 
(A) Rand (B) Pound (C) Dinar 
(D) Eucador (E) Dollar 
Ans : (D)

40. Which of the following is the unit of heat ? 
(A) Joule (B) Ohm (C) Ampere 
(D) Volt (E) Newton
Ans : (A)

Reserve Bank of India Grade ‘B’ Officers Exam Paper

General Awareness
(Exam Held on 6-2-2011)

1. What role do Micro, Small and Medium Enterprises (MSMEs) play in a country’s economic and industrial development ?
1. They have the capacity to absorb skilled and unskilled labour available in the country.
2. Such institutions help in distribution of income in a wide spectrum and do not allow it to get concentrated in few hands or in few areas.
3. They help in eradication of poverty by providing selfemployment opportunities.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Only 1 and 3
(E) All 1, 2 and 3
Ans : (E)

2. Which of the following statements about the Indian Economy is correct ?
(A) Indian economy is as developed as that of China
(B) About 70% Indians are involved in some type of selfemployment and are the owners of some or the other micro or small enterprise
(C) In India single biggest employment is agriculture and allied activities
(D) About 48% Indian workforce is employed in foreign countries or in organizations assisted by foreign capital
(E) None of these
Ans : (C)

3. Which of the following is/are correct about the problems of Indian Agriculture ?
1. Large agricultural subsidies are hampering productivity—enhancing investments.
2. Irrigation infrastructure is in bad shape and needs immediate improvement.
3. Frequent takeovers of fertile land by private companies and multinationals to launch big business complexes.
(A) Only 1
(B) Only 1 and 2
(C) Only 1 and 3
(D) All 1, 2 and 3
(E) None of these
Ans : (D)


4. As per news in various journals, many banks have failed to achieve agri-loan target fixed by the RBI for the year 2010-11. What was the target fixed for the year ?
(A) 10%
(B) 15%
(C) 18%
(D) 24%
(E) 30%
Ans : (C)

5. Which of the following statements about Agro and Allied activities is not correct ?
(A) Farmers do not get adequate credit for purchase of cattle
(B) There is a need to improve breed and genetic characteristics of the cattle folk
(C) India has huge forest cover and also degraded and marshy land which can be used for productive purposes
(D) India is the 10th largest producer of medicinal and aromatic plants. But the products are not of commercial value
(E) Animal husbandry plays an important role in providing sustainability under Rain fed conditions
Ans : (C)

6. Which of the following schemes launched by the Govt. of India aims at enhancing the livelihood security of the people in rural areas by guaranteeing hundred days of employment in a financial year to a rural household whose adult members volunteer to do unskilled manual work ?
(A) TRYSEM
(B) Pradhan Mantri Gram Sadak Yojana
(C) Kutir Jyoti Scheme
(D) ASHA
(E) MGNREGA
Ans : (E)

7. In some parts of India, farmers face acute distress because of heavy burden of debt from noninstitutional lenders. Who can be called a non-institutional lender ?
(A) Small Banks
(B) Grameen Banks
(C) Credit Cooperative Societies
(D) Micro Finance Institutions
(E) Money Lenders
Ans : (E)

8. The South Asian Free Trade Agreement (SAFTA) was introduced with a view of levying how much custom duty for trading any product within the SAARC zone ?
(A) 5%
(B) 4%
(C) 2%
(D) 1%
(E) No custom duty
Ans : (E)

9. Which of the following organisation prepares rural credit plans on annual basis for all districts in India, which in turn from the base for annual credit plans of all rural financial institutions ?
(A) SIDBI
(B) NABARD
(C) RBI
(D) Indian Bank’s Association
(E) CII
Ans : (B)

10. Which of the following is TRUE about the current population trend(s) in India ?
1. Every year India adds more people to the world’s population than any other country.
2. Currently India has a young population which will grow somewhat older largely as a result of decline in fertility.
3. The National Family Planning Programme did not contribute much in controlling fertility rate
(A) Only 1
(B) Only 2
(C) Only 3
(D) Only 1 and 2
(E) All 1, 2 and 3
Ans : (D)

11. In economic terms, which of the following factors determine the ‘Individual’s demand’ of a product/commodity ?
1. Price of a commodity.
2. Income of the individual.
3. Utility and quality of a commodity.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Only 1 and 3
(E) All 1, 2 and 3
Ans : (E)

12. Which of the following terms is used in the field of economics ?
(A) Adiabatic
(B) Bohr Theory
(C) Plasma
(D) Barter System
(E) Viscosity
Ans : (D)

13. “Pascal Lamy calls on trade negotiators to move out of their comfort zones towards agreements”, was the headline in some major newspapers. This news is associated with which of the following organizations/agencies ?
(A) World Trade Organization
(B) International Monetary Fund
(C) World Bank
(D) United Nations Organisations
(E) North Atlantic Treaty Organisation
Ans : (A)

14. Which of the following is not a function of the Planning Commission of India ?
(A) Assessment of the material, capital and human resources of the country
(B) Formulation of plans for the most effective and balanced utilization of country’s resources
(C) Public cooperation in national development
(D) Preparation of annual budget of the country and collection of taxes to raise capital for the implementation of the plans
(E) Determination of stages in which the plan should be carried out
Ans : (D)

15. Which of the following periods represents the period of the first Five Year Plan in India ?
(A) 1948 – 53
(B) 1947 – 52
(C) 1952 – 57
(D) 1950 – 55
(E) 1951 – 56
Ans : (E)

16. Which of the following is the name of the process available to common people to seek court’s intervention in matters of public interest ?
(A) Public Interest Litigation (PIL)
(B) Habeas Corpus
(C) Ordinance
(D) Residuary power
(E) None of these
Ans : (A)

17. India’s foreign policy is based on several principles, one of which is—
(A) Panchsheel
(B) Satyamev Jayate
(C) Live and Let Live
(D) Vasudhaiv Kutumbkam
(E) None of these
Ans : (A)

18. As we know thousands of tonnes of foodgrain was washed away in the floods in Haryana and Punjab a few months back. This incident is an example which indicates that there is a scope for improvement in our machinery controlling our—
(A) Mid Day Meal Scheme
(B) Public Distribution System
(C) Food for Work Programme
(D) Village Grain Bank Scheme
(E) Operation Flood Scheme
Ans : (B)

19. President Barack Obama was on a visit to India a few months back. His visit is said to have forged both the nations into a new era of relations. India managed to sign a special agreement with US in which of the following fields/areas as a byproduct of the visit of Obama ?
1. Energy sector and Nuclear energy as US has lifted sanctions on supply of high tech machines.
2. Skill Development Programmes in IT sector in which US has super-specialisation.
3. Training in management of Micro finance Institutions.
(A) Only 1
(B) Only 2
(C) Only 1 and 3
(D) Only 2 and 3
(E) Only 1 and 2
Ans : (A)

20. Many times we read a term ‘Tax Haven’ in various newspapers. What does it mean ?
1. It is a country where certain taxes are levied at a very low rate.
2. It is a country where people can dump their illegal money without any problem.
3. It is a place where foreigners can work without paying any tax on their income.
(A) Only 1 and 2
(B) Only 2
(C) Only 2 and 3
(D) Only 1
(E) All 1, 2 and 3
Ans : (E)

21. As per existing law, what is the minimum per day wages paid to a worker from unorganised sector in India ?
(A) 50
(B) 75
(C) 100
(D) 125
(E) No such law is there
Ans : (C)

22. Who amongst the following was awarded the “Indira Gandhi Peace Prize” for 2010 ?
(A) Ronald Noble
(B) Luiz Inacio Lula D’Silva
(C) Mohammed Elbaradei
(D) Aung San Su Kyi
(E) None of these
Ans : (B)

23. Which of the following is not a Poverty Eradication Programme launched by the Govt. of India ?
(A) Swarnjayanti Gram Swarozgar Yojana
(B) Jawahar Gram Samridhi Yojana
(C) National Social Assistance Programme
(D) ADHAR
(E) National Family Benefit Scheme
Ans : (D)

24. According to the World Bank estimate about 40% Indians are living below International Poverty line of US $ —
(A) 1 per day
(B) 1•25 per day
(C) 2 per day
(D) 2•5 per day
(E) 3 per day
Ans : (B)

25. The 10th Trilateral Ministerial Meeting of RIC group was organized in November 2010. Who are the members of the RIC ?
(A) Russia—Iran—China
(B) Russia—India—China
(C) Romania—Iran—Canada
(D) Romania—Israel—Chile
(E) Russia—India—Croatia
Ans : (B)

26. India and Syria recently decided to double their trade in next 2 years. Indian Govt. has decided to export which of the following commodities to Syria ?
(A) Natural gas
(B) Milk
(C) Oil
(D) Wheat
(E) All of these
Ans : (E)

27. India has sanctioned a 26 million grant to which of the following countries for development of tube wells ?
(A) Myanmar
(B) Bangladesh
(C) Nepal
(D) Pakistan
(E) Sri Lanka
Ans : (C)

28. Which of the following is the name of the scheme launched by the Govt. of India for adolescent girls ? (Launched in November 2010)
(A) Swawlamban
(B) SABALA
(C) Aadhar
(D) ASHA
(E) None of these
Ans : (B)

29. Many times we see in financial journals/bulletins a term M3. What is M3 ?
(A) Currency in circulation on a particular day
(B) Total value of the foreign exchange on a particular day
(C) Total value of export credit on a given date
(D) Total value of the tax collected in a year
(E) None of these
Ans : (E)

30. As per news in various newspapers, Govt. has allocated a huge sum of 31,000 crore for ‘RTE’. What is full form of RTE ?
(A) Right of Education
(B) Reforms in Technical Education
(C) Return to Empowerment
(D) Right to Empowerment
(E) Renewable Technology for Energy
Ans : (A)

31. Which of the following is not a major function of the RBI in India ?
(A) Issuance of currency notes
(B) To facilitate external trade and payment and developing a foreign exchange market in India
(C) Maintaining price stability and ensuring adequate flow of credit to productive sectors
(D) Taking loans/credit from World Bank/IMF and ADB etc., and reallocating it for various activities decided by the Govt. of India
(E) Formulation and monitoring the monetary and credit policy
Ans : (C)

32. The RBI has regional offices at various places. At which of the following places it does not have an office ?
(A) Kota
(B) Shimla
(C) Lucknow
(D) Panaji
(E) Guwahati
Ans : (C)

33. Which of the following organizations/agencies has given a US $ 407 billion loan to India to boost up its micro finance services in unbanked areas ?
(A) IMF
(B) World Bank
(C) Bank of Japan
(D) ADB
(E) Jointly by IMF and ADB
Ans : (B)

34. The Prime Minister’s Economic Advisory Council (PMEAC) has projected that the Indian Exports will grow by what percentage during 2010-11 ?
(A) 15%
(B) 18%
(C) 22%
(D) 24%
(E) 28%
Ans : (B)

35. Which of the following organisations/agencies has given the estimate that the India will be third largest FDI recipient in 2010–12 ?
(A) UNCTAD
(B) WTO
(C) World Bank
(D) IMF
(E) None of these
Ans : (A)

36. The performance of which of the following industries is considered performance of a core industry ?
(A) Garments
(B) Leather
(C) IT
(D) Oil and Petroleum
(E) Handicrafts
Ans : (D)

37. Who amongst the following is not a recipient of Nobel Prize in economics ?
(A) Peter A. Diamond
(B) Dale T. Mortensen
(C) Amartya Sen
(D) Paul Krugman
(E) Robert G. Edwards
Ans : (E)

38. Basel Committee has given its recommendations on which of the following aspects of banking operations ?
(A) Marketing of bank products
(B) Priority sector lending
(C) Risk Management
(D) Micro financing
(E) All of these
Ans : (C)

39. Which of the following is the rank of India in Human Development Report 2010 prepared by the UNO ?
(A) 99
(B) 100
(C) 115
(D) 119
(E) None of these
Ans : (D)

40. Which of the following was/where the key objectives of the RBI’s review of Monetary and Credit Policy 2010-11 which was reviewed again on 2nd November 2010 ?
1. To sustain the anti inflationary thrust.
2. To maintain an interest rate regime consistent with price.
3. To provide extra tax incentives to exporters who were in stress due to market fluctuations.
(A) Only 1
(B) Only 2
(C) Only 1 and 2
(D) All 1, 2 and 3
(E) None of these
Ans : (A)

41. PIIGS is the group of nations falling under—
(A) Euro zone
(B) Asia Pacific
(C) SAARC
(D) NATO
(E) Commonwealth
Ans : (A)

42. Which of the following is/are the preconditions, the IMF has put to provide bail out package to Ireland ?
1. It should gradually lower down unemployment benefits.
2. It should bring down the minimum wages in order to boost employment.
3. It should import some of the crucial commodities from non euro countries as an immediate measure to improve shortage of the same.
(A) Only 1 and 2
(B) Only 2 and 3
(C) Only 1 and 3
(D) Only 1
(E) All 1, 2 and 3
Ans : (B)

43. India is self-sufficient in production of which of the following commodities ?
(A) Edible oil
(B) Milk
(C) Pulses
(D) Natural gas
(E) All of these
Ans : (B)

44. Which of the following is used as a fuel in Nuclear power stations in India ?
(A) Thorium
(B) Copper
(C) Tin
(D) Chromium
(E) All of these
Ans : (A)

45. Which of the following States has taken up the job of improving Dams with the help of the World Bank’s Dam Rehabilitation and Improvement project ?
(A) Kerala
(B) Gujarat
(C) Tamil Nadu
(D) Uttar Pradesh
(E) Guwahati
Ans : (A)

46. Nitish Kumar led National Democratic Alliance won how many seats in recently held assembly elections in Bihar ?
(A) 150
(B) 243
(C) 200
(D) 206
(E) None of these
Ans : (D)

47. Who amongst the following is the author of the book “Development as Freedom” ?
(A) M. S. Swaminathan
(B) C. Rangarajan
(C) Manmohan Singh
(D) Y. V. Reddy
(E) Amartya Sen
Ans : (E)

48. Which of the following terms is used in Finance and Banking ?
(A) Line of Sight
(B) Scattering loss
(C) Revenue
(D) Oscillation
(E) Shielding
Ans : (A)

49. Who amongst the following is a famous economist ?
(A) Richard Dawkins
(B) Alan Greenspan
(C) Vernon Heywood
(D) Olivar Sachs
(E) Stephan Hawking
Ans : (B)

50. Who amongst the following has never held post of the Governor of the RBI ?
(A) C. Rangarajan
(B) L. K. Jha
(C) Manmohan Singh
(D) Bimal Jalan
(E) Usha Thorat
Ans : (E)

Reserve Bank of India Grade ‘B’ Officers Exam.

General Awareness 

(Exam Held on 6-2-2011) 

1. What role do Micro, Small and Medium Enterprises (MSMEs) play in a country’s economic and industrial development ?
1. They have the capacity to absorb skilled and unskilled labour available in the country.
2. Such institutions help in distribution of income in a wide spectrum and do not allow it to get concentrated in few hands or in few areas.
3. They help in eradication of poverty by providing selfemployment opportunities.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Only 1 and 3
(E) All 1, 2 and 3
Ans : (E)

2. Which of the following statements about the Indian Economy is correct ?
(A) Indian economy is as developed as that of China
(B) About 70% Indians are involved in some type of selfemployment and are the owners of some or the other micro or small enterprise
(C) In India single biggest employment is agriculture and allied activities
(D) About 48% Indian workforce is employed in foreign countries or in organizations assisted by foreign capital
(E) None of these
Ans : (C)

3. Which of the following is/are correct about the problems of Indian Agriculture ?
1. Large agricultural subsidies are hampering productivity—enhancing investments.
2. Irrigation infrastructure is in bad shape and needs immediate improvement.
3. Frequent takeovers of fertile land by private companies and multinationals to launch big business complexes.
(A) Only 1
(B) Only 1 and 2
(C) Only 1 and 3
(D) All 1, 2 and 3
(E) None of these
Ans : (D)


4. As per news in various journals, many banks have failed to achieve agri-loan target fixed by the RBI for the year 2010-11. What was the target fixed for the year ?
(A) 10%
(B) 15%
(C) 18%
(D) 24%
(E) 30%
Ans : (C)

5. Which of the following statements about Agro and Allied activities is not correct ?
(A) Farmers do not get adequate credit for purchase of cattle
(B) There is a need to improve breed and genetic characteristics of the cattle folk
(C) India has huge forest cover and also degraded and marshy land which can be used for productive purposes
(D) India is the 10th largest producer of medicinal and aromatic plants. But the products are not of commercial value
(E) Animal husbandry plays an important role in providing sustainability under Rain fed conditions
Ans : (C)

6. Which of the following schemes launched by the Govt. of India aims at enhancing the livelihood security of the people in rural areas by guaranteeing hundred days of employment in a financial year to a rural household whose adult members volunteer to do unskilled manual work ?
(A) TRYSEM
(B) Pradhan Mantri Gram Sadak Yojana
(C) Kutir Jyoti Scheme
(D) ASHA
(E) MGNREGA
Ans : (E)

7. In some parts of India, farmers face acute distress because of heavy burden of debt from noninstitutional lenders. Who can be called a non-institutional lender ?
(A) Small Banks
(B) Grameen Banks
(C) Credit Cooperative Societies
(D) Micro Finance Institutions
(E) Money Lenders
Ans : (E)

8. The South Asian Free Trade Agreement (SAFTA) was introduced with a view of levying how much custom duty for trading any product within the SAARC zone ?
(A) 5%
(B) 4%
(C) 2%
(D) 1%
(E) No custom duty
Ans : (E)

9. Which of the following organisation prepares rural credit plans on annual basis for all districts in India, which in turn from the base for annual credit plans of all rural financial institutions ?
(A) SIDBI
(B) NABARD
(C) RBI
(D) Indian Bank’s Association
(E) CII
Ans : (B)

10. Which of the following is TRUE about the current population trend(s) in India ?
1. Every year India adds more people to the world’s population than any other country.
2. Currently India has a young population which will grow somewhat older largely as a result of decline in fertility.
3. The National Family Planning Programme did not contribute much in controlling fertility rate
(A) Only 1
(B) Only 2
(C) Only 3
(D) Only 1 and 2
(E) All 1, 2 and 3
Ans : (D)

11. In economic terms, which of the following factors determine the ‘Individual’s demand’ of a product/commodity ?
1. Price of a commodity.
2. Income of the individual.
3. Utility and quality of a commodity.
(A) Only 1
(B) Only 2
(C) Only 3
(D) Only 1 and 3
(E) All 1, 2 and 3
Ans : (E)

12. Which of the following terms is used in the field of economics ?
(A) Adiabatic
(B) Bohr Theory
(C) Plasma
(D) Barter System
(E) Viscosity
Ans : (D)

13. “Pascal Lamy calls on trade negotiators to move out of their comfort zones towards agreements”, was the headline in some major newspapers. This news is associated with which of the following organizations/agencies ?
(A) World Trade Organization
(B) International Monetary Fund
(C) World Bank
(D) United Nations Organisations
(E) North Atlantic Treaty Organisation
Ans : (A)

14. Which of the following is not a function of the Planning Commission of India ?
(A) Assessment of the material, capital and human resources of the country
(B) Formulation of plans for the most effective and balanced utilization of country’s resources
(C) Public cooperation in national development
(D) Preparation of annual budget of the country and collection of taxes to raise capital for the implementation of the plans
(E) Determination of stages in which the plan should be carried out
Ans : (D)

15. Which of the following periods represents the period of the first Five Year Plan in India ?
(A) 1948 – 53
(B) 1947 – 52
(C) 1952 – 57
(D) 1950 – 55
(E) 1951 – 56
Ans : (E)

16. Which of the following is the name of the process available to common people to seek court’s intervention in matters of public interest ?
(A) Public Interest Litigation (PIL)
(B) Habeas Corpus
(C) Ordinance
(D) Residuary power
(E) None of these
Ans : (A)

17. India’s foreign policy is based on several principles, one of which is—
(A) Panchsheel
(B) Satyamev Jayate
(C) Live and Let Live
(D) Vasudhaiv Kutumbkam
(E) None of these
Ans : (A)

18. As we know thousands of tonnes of foodgrain was washed away in the floods in Haryana and Punjab a few months back. This incident is an example which indicates that there is a scope for improvement in our machinery controlling our—
(A) Mid Day Meal Scheme
(B) Public Distribution System
(C) Food for Work Programme
(D) Village Grain Bank Scheme
(E) Operation Flood Scheme
Ans : (B)

19. President Barack Obama was on a visit to India a few months back. His visit is said to have forged both the nations into a new era of relations. India managed to sign a special agreement with US in which of the following fields/areas as a byproduct of the visit of Obama ?
1. Energy sector and Nuclear energy as US has lifted sanctions on supply of high tech machines.
2. Skill Development Programmes in IT sector in which US has super-specialisation.
3. Training in management of Micro finance Institutions.
(A) Only 1
(B) Only 2
(C) Only 1 and 3
(D) Only 2 and 3
(E) Only 1 and 2
Ans : (A)

20. Many times we read a term ‘Tax Haven’ in various newspapers. What does it mean ?
1. It is a country where certain taxes are levied at a very low rate.
2. It is a country where people can dump their illegal money without any problem.
3. It is a place where foreigners can work without paying any tax on their income.
(A) Only 1 and 2
(B) Only 2
(C) Only 2 and 3
(D) Only 1
(E) All 1, 2 and 3
Ans : (E)

21. As per existing law, what is the minimum per day wages paid to a worker from unorganised sector in India ?
(A) 50
(B) 75
(C) 100
(D) 125
(E) No such law is there
Ans : (C)

22. Who amongst the following was awarded the “Indira Gandhi Peace Prize” for 2010 ?
(A) Ronald Noble
(B) Luiz Inacio Lula D’Silva
(C) Mohammed Elbaradei
(D) Aung San Su Kyi
(E) None of these
Ans : (B)

23. Which of the following is not a Poverty Eradication Programme launched by the Govt. of India ?
(A) Swarnjayanti Gram Swarozgar Yojana
(B) Jawahar Gram Samridhi Yojana
(C) National Social Assistance Programme
(D) ADHAR
(E) National Family Benefit Scheme
Ans : (D)

24. According to the World Bank estimate about 40% Indians are living below International Poverty line of US $ —
(A) 1 per day
(B) 1•25 per day
(C) 2 per day
(D) 2•5 per day
(E) 3 per day
Ans : (B)

25. The 10th Trilateral Ministerial Meeting of RIC group was organized in November 2010. Who are the members of the RIC ?
(A) Russia—Iran—China
(B) Russia—India—China
(C) Romania—Iran—Canada
(D) Romania—Israel—Chile
(E) Russia—India—Croatia
Ans : (B)

26. India and Syria recently decided to double their trade in next 2 years. Indian Govt. has decided to export which of the following commodities to Syria ?
(A) Natural gas
(B) Milk
(C) Oil
(D) Wheat
(E) All of these
Ans : (E)

27. India has sanctioned a 26 million grant to which of the following countries for development of tube wells ?
(A) Myanmar
(B) Bangladesh
(C) Nepal
(D) Pakistan
(E) Sri Lanka
Ans : (C)

28. Which of the following is the name of the scheme launched by the Govt. of India for adolescent girls ? (Launched in November 2010)
(A) Swawlamban
(B) SABALA
(C) Aadhar
(D) ASHA
(E) None of these
Ans : (B)

29. Many times we see in financial journals/bulletins a term M3. What is M3 ?
(A) Currency in circulation on a particular day
(B) Total value of the foreign exchange on a particular day
(C) Total value of export credit on a given date
(D) Total value of the tax collected in a year
(E) None of these
Ans : (E)

30. As per news in various newspapers, Govt. has allocated a huge sum of 31,000 crore for ‘RTE’. What is full form of RTE ?
(A) Right of Education
(B) Reforms in Technical Education
(C) Return to Empowerment
(D) Right to Empowerment
(E) Renewable Technology for Energy
Ans : (A)

31. Which of the following is not a major function of the RBI in India ?
(A) Issuance of currency notes
(B) To facilitate external trade and payment and developing a foreign exchange market in India
(C) Maintaining price stability and ensuring adequate flow of credit to productive sectors
(D) Taking loans/credit from World Bank/IMF and ADB etc., and reallocating it for various activities decided by the Govt. of India
(E) Formulation and monitoring the monetary and credit policy
Ans : (C)

32. The RBI has regional offices at various places. At which of the following places it does not have an office ?
(A) Kota
(B) Shimla
(C) Lucknow
(D) Panaji
(E) Guwahati
Ans : (C)

33. Which of the following organizations/agencies has given a US $ 407 billion loan to India to boost up its micro finance services in unbanked areas ?
(A) IMF
(B) World Bank
(C) Bank of Japan
(D) ADB
(E) Jointly by IMF and ADB
Ans : (B)

34. The Prime Minister’s Economic Advisory Council (PMEAC) has projected that the Indian Exports will grow by what percentage during 2010-11 ?
(A) 15%
(B) 18%
(C) 22%
(D) 24%
(E) 28%
Ans : (B)

35. Which of the following organisations/agencies has given the estimate that the India will be third largest FDI recipient in 2010–12 ?
(A) UNCTAD
(B) WTO
(C) World Bank
(D) IMF
(E) None of these
Ans : (A)

36. The performance of which of the following industries is considered performance of a core industry ?
(A) Garments
(B) Leather
(C) IT
(D) Oil and Petroleum
(E) Handicrafts
Ans : (D)

37. Who amongst the following is not a recipient of Nobel Prize in economics ?
(A) Peter A. Diamond
(B) Dale T. Mortensen
(C) Amartya Sen
(D) Paul Krugman
(E) Robert G. Edwards
Ans : (E)

38. Basel Committee has given its recommendations on which of the following aspects of banking operations ?
(A) Marketing of bank products
(B) Priority sector lending
(C) Risk Management
(D) Micro financing
(E) All of these
Ans : (C)

39. Which of the following is the rank of India in Human Development Report 2010 prepared by the UNO ?
(A) 99
(B) 100
(C) 115
(D) 119
(E) None of these
Ans : (D)

40. Which of the following was/where the key objectives of the RBI’s review of Monetary and Credit Policy 2010-11 which was reviewed again on 2nd November 2010 ?
1. To sustain the anti inflationary thrust.
2. To maintain an interest rate regime consistent with price.
3. To provide extra tax incentives to exporters who were in stress due to market fluctuations.
(A) Only 1
(B) Only 2
(C) Only 1 and 2
(D) All 1, 2 and 3
(E) None of these
Ans : (A)

41. PIIGS is the group of nations falling under—
(A) Euro zone
(B) Asia Pacific
(C) SAARC
(D) NATO
(E) Commonwealth
Ans : (A)

42. Which of the following is/are the preconditions, the IMF has put to provide bail out package to Ireland ?
1. It should gradually lower down unemployment benefits.
2. It should bring down the minimum wages in order to boost employment.
3. It should import some of the crucial commodities from non euro countries as an immediate measure to improve shortage of the same.
(A) Only 1 and 2
(B) Only 2 and 3
(C) Only 1 and 3
(D) Only 1
(E) All 1, 2 and 3
Ans : (B)

43. India is self-sufficient in production of which of the following commodities ?
(A) Edible oil
(B) Milk
(C) Pulses
(D) Natural gas
(E) All of these
Ans : (B)

44. Which of the following is used as a fuel in Nuclear power stations in India ?
(A) Thorium
(B) Copper
(C) Tin
(D) Chromium
(E) All of these
Ans : (A)

45. Which of the following States has taken up the job of improving Dams with the help of the World Bank’s Dam Rehabilitation and Improvement project ?
(A) Kerala
(B) Gujarat
(C) Tamil Nadu
(D) Uttar Pradesh
(E) Guwahati
Ans : (A)

46. Nitish Kumar led National Democratic Alliance won how many seats in recently held assembly elections in Bihar ?
(A) 150
(B) 243
(C) 200
(D) 206
(E) None of these
Ans : (D)

47. Who amongst the following is the author of the book “Development as Freedom” ?
(A) M. S. Swaminathan
(B) C. Rangarajan
(C) Manmohan Singh
(D) Y. V. Reddy
(E) Amartya Sen
Ans : (E)

48. Which of the following terms is used in Finance and Banking ?
(A) Line of Sight
(B) Scattering loss
(C) Revenue
(D) Oscillation
(E) Shielding
Ans : (A)

49. Who amongst the following is a famous economist ?
(A) Richard Dawkins
(B) Alan Greenspan
(C) Vernon Heywood
(D) Olivar Sachs
(E) Stephan Hawking
Ans : (B)

50. Who amongst the following has never held post of the Governor of the RBI ?
(A) C. Rangarajan
(B) L. K. Jha
(C) Manmohan Singh
(D) Bimal Jalan
(E) Usha Thorat
Ans : (E)