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RBI Grade B Mock Test - 1 - Bank Exams MCQ


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30 Questions MCQ Test RBI Grade B Mock Test Series & Past Year Papers 2024 - RBI Grade B Mock Test - 1

RBI Grade B Mock Test - 1 for Bank Exams 2024 is part of RBI Grade B Mock Test Series & Past Year Papers 2024 preparation. The RBI Grade B Mock Test - 1 questions and answers have been prepared according to the Bank Exams exam syllabus.The RBI Grade B Mock Test - 1 MCQs are made for Bank Exams 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for RBI Grade B Mock Test - 1 below.
Solutions of RBI Grade B Mock Test - 1 questions in English are available as part of our RBI Grade B Mock Test Series & Past Year Papers 2024 for Bank Exams & RBI Grade B Mock Test - 1 solutions in Hindi for RBI Grade B Mock Test Series & Past Year Papers 2024 course. Download more important topics, notes, lectures and mock test series for Bank Exams Exam by signing up for free. Attempt RBI Grade B Mock Test - 1 | 200 questions in 120 minutes | Mock test for Bank Exams preparation | Free important questions MCQ to study RBI Grade B Mock Test Series & Past Year Papers 2024 for Bank Exams Exam | Download free PDF with solutions
RBI Grade B Mock Test - 1 - Question 1
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'Amortized loan' means

Detailed Solution for RBI Grade B Mock Test - 1 - Question 1
Amortized loan means a loan with scheduled periodic payments of both principal and interest.
RBI Grade B Mock Test - 1 - Question 2
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Which of the following book has been authored by Managing Director and Chairman of Rockefeller Capital Management, Ruchir Sharma?

Detailed Solution for RBI Grade B Mock Test - 1 - Question 2
Ruchir Sharma, the former chief global strategist for Morgan Stanley Investment Management, will join Rockefeller Capital Management as Managing Director and Chairman effective from Feb. 14, 2022. Sharma is the author of The 10 Rules of Successful Nations (W. W. Norton & Company, March 2020), The Rise and fall of Nations: Forces of Change in a Post-Crisis World and Breakout Nations.
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RBI Grade B Mock Test - 1 - Question 3
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Poverty line is calculated on the basis of monthly per capita consumption expenditure (MPCE). Which of the following statements is/are wrong?

(a) In terms of MPCE, the highest expenditure was found on communication services.

(b) The Ministry of Rural Development updates the poverty ratios.

(c) Tendulkar Committee recommended the methodology for its calculation.

Detailed Solution for RBI Grade B Mock Test - 1 - Question 3
The Planning Commission estimates the poverty ratio. It updates the poverty line ratios as per the recommendations of the Tendulkar Committee. In terms of MPCE, the highest expenditure was found on communication services amounting to Rs. 36.35 and Rs. 102.46 in rural and urban areas, respectively.
RBI Grade B Mock Test - 1 - Question 4
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Who has been recently appointed as the chairman of Broadcast Audience Research Council (BARC India)?
Detailed Solution for RBI Grade B Mock Test - 1 - Question 4
Shashi Sinha, has been elected as the new chairman of Broadcast Audience Research Council (BARC India).

He will replace Punit Goenka, MD & CEO of Zee Entertainment Enterprises, who has been the chairman of BARC India for the last 3 years.

Sinha is the chief executive officer (CEO) at IPG Mediabrands India and also a representative and board member of the Advertising Agencies Association of India (AAI).

RBI Grade B Mock Test - 1 - Question 5
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According to the Reserve Bank of India norms, Statutory Liquidity Ratio (SLR) should not exceed _________ of the total of its demand and time liabilities of a commercial bank in India.
Detailed Solution for RBI Grade B Mock Test - 1 - Question 5
"Consequent upon amendment to the Section 24 of the Banking Regulation Act, 1949 through the Banking Regulation (Amendment) Act, 2007 replacing the Regulation (Amendment) Ordinance, 2007, effective January 23, 2007, the Reserve Bank can prescribe the SLR for SCBs in specified assets. The value of such assets of an SCB shall not be less than such percentage not exceeding 40 per cent of its total DTL in India."
RBI Grade B Mock Test - 1 - Question 6
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A New book titled ‘Spoorthi Pradatha Sri Somayya’ authored by who has been released by the Vice President of India Venkaiah Naidu?
Detailed Solution for RBI Grade B Mock Test - 1 - Question 6
The Vice President of India Shri M. Venkaiah Naidu has released a book titled ‘Spoorthi Pradatha Sri Somayya’ authored by K Syam Prasad.

The book narrates life story of noted social worker from Andhra Pradesh, late Shri Somepalli Somaiah.

He inspired youth to dedicate their lives to social welfare.

RBI Grade B Mock Test - 1 - Question 7
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Which of the following measures has been taken by RBI for the inflow of foreign currency?
Detailed Solution for RBI Grade B Mock Test - 1 - Question 7
Yes, this is the correct choice. All the options are the measures taken by the RBI against the devaluation of rupee and for the inflow of foreign currency.
RBI Grade B Mock Test - 1 - Question 8
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As per the recent FIDE report, India has set to host FIDE Chess Olympiad 2022 in which among the following city?
Detailed Solution for RBI Grade B Mock Test - 1 - Question 8
India has won the bid to host the FIDE Chess Olympiad 2022 in Chennai.

It was originally scheduled to be held in Russia.

But the FIDE recently announced that it pulled out from there following the Ukraine invasion.

After the announcement, Tamil Nadu government and the All India Chess Federation made a joint bid to host the prestigious tournament and won.

RBI Grade B Mock Test - 1 - Question 9
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Which of the following is the definition of fiat money?
Detailed Solution for RBI Grade B Mock Test - 1 - Question 9
Yes, it is the correct answer. Fiat money is the money that has no intrinsic value but that has value as money because the government decreed that it has value for that purpose.
RBI Grade B Mock Test - 1 - Question 10
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Which among the following Indian fantasy sports platform as appointed cricketers Shubman Gill and Ruturaj Gaikwad as its new brand ambassadors?
Detailed Solution for RBI Grade B Mock Test - 1 - Question 10
India's leading online skill gaming company Games 24x7 has appointed cricketers Shubman Gill and RuturajGaikwad as its new brand ambassadors for its My 11 Circle fantasy gaming platform.

Both the cricketers will feature in multimedia campaigns by the company spanning across TV, digital and social media platforms.

RBI Grade B Mock Test - 1 - Question 11
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Which of the following complaints are not handled by the Banking Ombudsman?
Detailed Solution for RBI Grade B Mock Test - 1 - Question 11
The amended scheme does not include certain banking transactions, such as failure to honour bank guarantee or letter of credit.
RBI Grade B Mock Test - 1 - Question 12
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Formulation of GIS based Master Plan for AMRUT Cities has been approved to facilitate States and cities to take up Master Planning. What does the "I" meant in GIS?
Detailed Solution for RBI Grade B Mock Test - 1 - Question 12
The Ministry of Housing and Urban Affairs (MoHUA) supports States/ Union Territories by issuing advisories, design standards and schematic interventions for optimal use of technology for integrated urban planning.

Under Atal Mission for Rejuvenation and Urban Transformation (AMRUT), a sub-scheme on Formulation of Geographical Information System (GIS) based Master Plan for AMRUT Cities has been approved to facilitate States and cities to take up Master Planning and is being implemented in 456 towns of 35 States/ UTs.

RBI Grade B Mock Test - 1 - Question 13
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The government has launched several new initiatives to rejuvenate urban areas. Consider the following statements regarding these initiatives:

A. HRIDAY scheme was launched with a focus on holistic development of immunisation and vaccination in the major Indian cities.

B. Smart Cities Mission is a holistic city rejuvenation programme for 100 cities in India.

C. AMRUT was launched to improve basic urban infrastructure in 500 cities/towns which would be known as Mission cities/towns.

Which of the above statements is/are NOT correct?
Detailed Solution for RBI Grade B Mock Test - 1 - Question 13
The government launched the HRIDAY Yojana scheme, with a focus on holistic development of heritage cities. The scheme aims to preserve and revitalise soul of the heritage city to reflect the city's unique character by encouraging aesthetically appealing, accessible, informative and secured environment.
RBI Grade B Mock Test - 1 - Question 14
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Who has been elected as the new Chairman of the International Rubber Study Group for a period of two years (2022-2024)?
Detailed Solution for RBI Grade B Mock Test - 1 - Question 14
K.N. Raghavan, Executive Director, Indian Rubber Board, has been elected the new Chairman of the International Rubber Study Group (IRSG) for a period of two years (2022-2024).

India succeeds the chair of the IRSG from Cote d’Ivoire.

He will preside over the meeting of the Heads of Delegation scheduled on 31 March 2022 at Singapore.

RBI Grade B Mock Test - 1 - Question 15
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Which of the following statements is/are correct regarding Human Development Index (HDI)?

(a) HDI is calculated by the United Nations Development Programme (UNDP).

(b) The value varies between 0 and 1, 0 being the most developed and 1 being the least developed.

(c) It was started by an economist from Pakistan.
Detailed Solution for RBI Grade B Mock Test - 1 - Question 15
HDI being 1 means highly developed, while 0 means the least developed. But here, the opposite statement is written.
RBI Grade B Mock Test - 1 - Question 16
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The 3rd anniversary of the launch of PM-KISAN has been recently celebrated. As per the scheme ____________ lakh crore is transferred directly into farmer families bank accounts.
Detailed Solution for RBI Grade B Mock Test - 1 - Question 16
Third anniversary of the launch of PM-KISAN, over Rs 1.80 lakh crore transferred directly into farmer families bank accounts.

The scheme was launched on 24th of February, to provide income support to all landholding farmer's families across the country and enable them to meet expenses related to agriculture as well as domestic needs.

RBI Grade B Mock Test - 1 - Question 17
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Which of the following statements is/are true as per Union Budget 2017-2018 announcement?

A. Minimum Support Price shall be increased by 1.5 times.

B. 18 new schools of planning and architecture to be set up in the IITs and NITs.

C. 24 new government medical colleges to be set up by upgrading existing district hospitals in the country.
Detailed Solution for RBI Grade B Mock Test - 1 - Question 17
As per the Budget 2018, the following have been announced

(i) Minimum Support Price shall be increased by 1.5 times.

(ii) 18 new schools of planning and architecture to be set up in the IITs and NITs.

(iii) 24 new government medical colleges will be set up by upgrading existing district hospitals in the country. At least one medical college will be there for three parliamentary constituencies.

RBI Grade B Mock Test - 1 - Question 18
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Atleast how many years the Indian Government has mandate the storage of ISD, satphone, conference calls, messages details?
Detailed Solution for RBI Grade B Mock Test - 1 - Question 18
The government has mandated storage of international calls, satellite phone calls, conference calls and messages made over normal networks as well as on the internet for a period of at least two years, according to circulars issued by the telecom department.

The move follows an amendment made in the unified licence (UL) in December by the Department of Telecom (DoT) which extended storage of call data records as well as internet logs to two years from earlier provision of one year.

RBI Grade B Mock Test - 1 - Question 19
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Which of the following is/are incorrectly matched?
Detailed Solution for RBI Grade B Mock Test - 1 - Question 19
FAO's Headquarters is in Rome, Italy.
RBI Grade B Mock Test - 1 - Question 20
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Which statutory board has organized the prestigious National Tech Excellence Award for Women 2022?
Detailed Solution for RBI Grade B Mock Test - 1 - Question 20
Applications have been invited from Indian Women Scientists and Entrepreneurs to felicitate a select few with the prestigious India National Tech Excellence Award for Women 2022 for pursuing, prevailing, creating an impact, and etching out stories of inspiration for future young girls.

The awards will be presented on International Women’s Day on 8th March, 2022.

The awards are categorized under two categories National Women Scientist Award for Excellence in Translational Research and National Women Entrepreneur Award. Both the awards will be presented in two distinct subcategories of Senior.

The awardees will receive a cash award of ₹3 Lakh and ₹1 Lakh for senior and young, respectively, and number of awards will be two in each category.

RBI Grade B Mock Test - 1 - Question 21
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India has inaugurated the integration of E-Sanad with CBSE's digital repository 'Parinam Manjusha' in New Delhi. Which of the following statements is NOT correct with regard to E-Sanad?
Detailed Solution for RBI Grade B Mock Test - 1 - Question 21
E-Sanad is an e-service for online verification and attestation of documents of Indian citizens.
RBI Grade B Mock Test - 1 - Question 22
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Which of the following has been identified as one of the fifteen thematic circuits for development under the Swadesh Darshan Scheme by the Ministry of Tourism?
Detailed Solution for RBI Grade B Mock Test - 1 - Question 22
The Ministry of Tourism has identified Eco Circuit as one of the fifteen thematic circuits for development under the SwadeshDarshan Scheme to promote eco-tourism in the country.

The Ministry of Tourism has sanctioned 6 projects under the Eco Theme in ‘SwadeshDarshan’.

The Ministry has signed a Memorandum of Understanding (MoU) with the United Nations Environment Programme (UNEP) and Responsible Tourism Society of India (RTSOI) with the purpose to undertake measures to actively promote and support ‘sustainability initiatives’ in the tourism sector of each other and work in a collaborative manner wherever possible.

RBI Grade B Mock Test - 1 - Question 23
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Which of the following is most likely to cause an increase in the size of the national debt?
Detailed Solution for RBI Grade B Mock Test - 1 - Question 23
National debt refers to the debt owed by the central government. Long-term government borrowings will cause an increase in the size of the national debt.
RBI Grade B Mock Test - 1 - Question 24
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According to the report of the Bangladesh Bureau of Statistics, What is the registered Economic growth in the Financial Year (FY) 2020-21 for Bangladesh?
Detailed Solution for RBI Grade B Mock Test - 1 - Question 24
According to the report of the Bangladesh Bureau of Statistics (BSS), the Bangladesh economy registered an impressive 6.91 percent growth in the Financial Year (FY) 2020-21 exceeding the provisional estimate by 1.51 percent.

This information was shared at the meeting of the Executive Committee of the National Economic Council (ECNEC) Chaired by Prime Minister Sheikh Hasina.

The GDP growth rate in 2019-20 was recorded to be 3.45 percent.

RBI Grade B Mock Test - 1 - Question 25
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Gini coefficient, an indicator, measures inequality. Which of the following statements is/are correct?

(a) Gini coefficient measures the deviation of distribution of income (or consumption) among the individuals within a country from a perfectly equal distribution.

(b) For India, the numerical value of Gini coefficient is more than for Brazil and South Africa.

(c) It also measures average income of the richest 20 percent of the population to that of the poorest 20 percent.
Detailed Solution for RBI Grade B Mock Test - 1 - Question 25
Gini coefficient measures the deviation of distribution of income (or consumption) among the individuals within a country from a perfectly equal distribution. For India, the income Gini coefficient was 36.8 in 2010-11, while that of Brazil was 53.9 and South Africa was 57.8. The second indicator is the quintile income ratio, which is a measure of average income of the richest 20 percent of the population to that of the poorest 20 percent. The quintile income ratio for India was 5.6 in 2010-11.
RBI Grade B Mock Test - 1 - Question 26
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Which of the following state has recently signed a MoU with the British Council to create opportunities for the youth?
Detailed Solution for RBI Grade B Mock Test - 1 - Question 26
British Council, an international organisation for educational opportunities and cultural exchange, and Telangana government signed a memorandum of understanding (MoU) to renew their partnership in education, English and arts to create opportunities for the youth of Telangana. As per the agreement signed between the Research and Innovation Circle of Hyderabad (RICH) and the British Council, both organisations will aim at working closely to engineer new partnerships between universities, research institutions and centres of excellence in the United Kingdom and in Telangana.
RBI Grade B Mock Test - 1 - Question 27
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The term "Inclusive Development" includes which of the following?

(a) Poverty alleviation

(b) Employment generation

(c) Health education
Detailed Solution for RBI Grade B Mock Test - 1 - Question 27
Inclusive growth/development basically means broad-based growth, shared growth, and pro-poor growth. It includes social inclusion along with financial inclusion. This option includes all the factors, hence this is the complete answer.
RBI Grade B Mock Test - 1 - Question 28
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As per the report of the Bangladesh Bureau of Statistics, what is the growth rate of the Agriculture sector of Bangladesh in 2019-20?
Detailed Solution for RBI Grade B Mock Test - 1 - Question 28
Key Highlights of the report of the Bangladesh Bureau of Statistics (BSS)

The industrial sector showed a sharp rise in growth rate from 3.61 percent in FY 2019-20 to 10.29 percent in FY 2020-21.

The Agriculture sector grew at 3.17 percent showing a decline from 3.42 percent in 2019-20.

Services sector also showed an increase from 3.93 percent in 2019-20 to 5.73 percent in 2020-21.

The size of Bangladesh GDP stood at USD 416 billion compared to USD 411 billion in the primary estimate.

The per capita income of Bangladesh now stands at USD 2591 rising from the previously estimated USD 2554.

RBI Grade B Mock Test - 1 - Question 29
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Which of the following factors is/are not the constituent sector(s) of the Gross Domestic Product (GDP) of India?

1. Agriculture and Allied Activities

2. Foreign Exchange Reserves

3. Industry
Detailed Solution for RBI Grade B Mock Test - 1 - Question 29
Gross Domestic Product is a monetary measure of the market value of all the final goods and services produced in a specific time period.

Accordingly, GDP is defined by the following formula:

GDP = Consumption + Investment + Government Spending + Net Exports

It does not include Foreign Exchange Reserves.

RBI Grade B Mock Test - 1 - Question 30
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Who amongst the following is the Author of the recently published book ‘Atal Bihari Vajpayee’?
Detailed Solution for RBI Grade B Mock Test - 1 - Question 30
A book titled “Atal Bihari Vajpayee” authored by SagarikaGhose has been launched. It is a biography of the former Prime Minister of India. Sagarika Ghose is a Journalist. She has also authored a book titled “Indira: India’s Most Powerful Prime Minister”.The polemical work Why I Am a Liberal: A Manifesto for Indians Who Believe in Individual Freedom. She is also the author of two novels, The Gin Drinkers and Blind Faith.
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