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Bank Exams Exam  >  Bank Exams Tests  >  RBI Grade B Mock Test Series & Past Year Papers 2024  >  RBI Grade B Mock Test - 10 - Bank Exams MCQ

RBI Grade B Mock Test - 10 - 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 - 10

RBI Grade B Mock Test - 10 for Bank Exams 2024 is part of RBI Grade B Mock Test Series & Past Year Papers 2024 preparation. The RBI Grade B Mock Test - 10 questions and answers have been prepared according to the Bank Exams exam syllabus.The RBI Grade B Mock Test - 10 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 - 10 below.
Solutions of RBI Grade B Mock Test - 10 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 - 10 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 - 10 | 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 - 10 - Question 1
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As per a report, "Financial Security for India's Elderly - the Imperatives" by CRISIL and PFRDA, every 5th Indian is going to be 60 and above by which year?

Detailed Solution for RBI Grade B Mock Test - 10 - Question 1
According to CRISIL, demographically, India will transition slowly from a 'young' to a 'greying' country, where persons above the age of 60 would increase from ~8.9% of the population now to ~19.4% by 2050. And those above 80 are likely to increase from ~0.9% to ~2.8%.
RBI Grade B Mock Test - 10 - Question 2
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As per the Geological Survey of India who among the following has been taking charge as Director General of Geological Survey of India?

Detailed Solution for RBI Grade B Mock Test - 10 - Question 2
Dr.S. Raju, has taken over the charge of Director General (DG) of Geological Survey of India (GSI) with effect from April 01, 2022.

He succeeds Shri R. S. Garkhal who superannuated on March 31, 2022.

Dr. S. Raju hails from Pasuvanthanai village, near Thoothukudi, Tamil Nadu.

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RBI Grade B Mock Test - 10 - Question 3
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Indian investors are allowed to invest overseas freely except in

Detailed Solution for RBI Grade B Mock Test - 10 - Question 3
Investment in Pakistan is allowed under the approval route. Investments in Nepal can be only in Indian Rupees. Investment in Bhutan is allowed in Indian Rupees and in freely convertible currencies.
RBI Grade B Mock Test - 10 - Question 4
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____________ edition of India Boat & Marine Show (IBMS) has concluded in Kochi in Kerala by Kochi-based Cruz Expo.
Detailed Solution for RBI Grade B Mock Test - 10 - Question 4
The 4th India Boat & Marine Show (IBMS) was held at Bolgatty Palace in Kochi in Kerala between 25th March and 27th March 2022.

The 4th edition of the India Boat & Marine Show (IBMS) was a showcase of the leading international brands as well as indigenous boat manufacturers from across the country.

The event is organised by Kochi-based Cruz Expo.

RBI Grade B Mock Test - 10 - Question 5
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_________ is caused due to an increase in money expenditure.
Detailed Solution for RBI Grade B Mock Test - 10 - Question 5
When circulation of money increases in an economy, it causes the demand to increase and subsequently, it increases inflation.

Demand pull inflation is caused due to an increase in money expenditure. This type of inflation is commonly described as ''too much money chasing too few goods''. Demand pull inflation occurs when there is an increase in aggregate demand, due to more money expenditure in the economy.

When concurrent demand for output exceeds what the economy can produce, the buyers ''bid prices up'' again and cause inflation. This type of demand occurs in expanding economy.

RBI Grade B Mock Test - 10 - Question 6
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MG Motor India has launched MG e-Pay: Industry’s 1st End-to-End Online Auto Finance Platform. Which among the following bank is not a partner bank for this platform?
Detailed Solution for RBI Grade B Mock Test - 10 - Question 6
MG Motor India has announced the launch of e-Pay, a one-stop online car finance platform for an end-to-end digital auto finance process that provides instant loan approvals.

The automaker has partnered with ICICI Bank, HDFC Bank, Kotak Mahindra Prime and Axis Bank to offer instant financing options under the facility.

RBI Grade B Mock Test - 10 - Question 7
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Which of the following statements with regard to the Asian Infrastructure Investment Bank are correct?

A. India is one of the founding members of the Bank.

B. The Bank is headquartered in Shanghai.

C. It is created to offer finance to infrastructure projects in Asia-Pacific region.
Detailed Solution for RBI Grade B Mock Test - 10 - Question 7
The bank is headquartered in Beijing, and not in Shanghai.
RBI Grade B Mock Test - 10 - Question 8
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According to statistics presented in the Lok Sabha which among the following state has overtaken the West Bengal as Leading Producer of Vegetables?
Detailed Solution for RBI Grade B Mock Test - 10 - Question 8
According to statistics presented in the Lok Sabha, Vegetable production in Uttar Pradesh is expected to be 29.58 million tonnes (mt) in the 2021-22 crop year (July-June), down from 29.16 mt the previous year, while West Bengal output is expected to drop to 28.23 mt from 30.33 mt.

Madhya Pradesh, with 2.59 mt, Bihar, with 17.77 mt, and Maharashtra, with 16.78 mt, are the other leading producers of vegetables this year.

RBI Grade B Mock Test - 10 - Question 9
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RBI is planning to expand the scope of cases to be referred to the Oversight Committee (OC) beyond those under the scheme for S4A. The abbreviation 'S4A' stands for:
Detailed Solution for RBI Grade B Mock Test - 10 - Question 9
The RBI will reconstitute and expand the committee to deal with rising bad loans. The Central Bank is also planning to expand the scope of cases to be referred to the committee beyond those under the scheme of Sustainable Structuring of Stressed Assets (S4A). This is part of the Central Bank's action plan to implement the recently passed ordinance that amended the Banking Regulation Act.
RBI Grade B Mock Test - 10 - Question 10
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Hindustan Aeronautics Limited has handed over the first set of _____________ hardware to the Indian Space Research Organisation.
Detailed Solution for RBI Grade B Mock Test - 10 - Question 10
Hindustan Aeronautics Limited (HAL) handed over the first set of Gaganyaan hardware to the Indian Space Research Organisation (ISRO) during the inauguration of HAL’s PS2/GS2 stage integration facility in Bengaluru, Karnataka.

The PS2 and GS2 stages serve as the second stages of India's launch vehicles PSLV and GSLV respectively and are powered by a Vikas engine, which uses liquid fuels.

RBI Grade B Mock Test - 10 - Question 11
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The Reserve Bank of India has asked all the banks to install "Note Sorting Machines" in the branches.

How will this help banks and the general public?

A. The machines will check for counterfeit notes and drop these from circulation.

B. This will help banks to count the notes quickly and accurately.

C. This will help in sorting out soiled notes so that they are not reissued by the banks.
Detailed Solution for RBI Grade B Mock Test - 10 - Question 11
The Reserve Bank of India has asked all the banks to install "Note Sorting Machines" in the branches. It is useful in multi-counting notes. Benefits of 'note sorting machines" to banks and the general public are:

  • The machines will check for counterfeit notes and drop these from circulation.

  • This will help banks to count the notes quickly and accurately.

  • This will help in sorting out soiled notes so that they are not reissued by the banks.

RBI Grade B Mock Test - 10 - Question 12
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A New book titled “Decoding Indian Babudom” has been authored by whom among the following?
Detailed Solution for RBI Grade B Mock Test - 10 - Question 12
Ashwini Shrivastava has authored a new book titled “Decoding Indian Babudom” which was published by Vitasta Publishing Private Limited.

“Decoding Indian Babudom” book highlights the bureaucratic system of India and India’s administrative system and functioning of governance from a common man’s point of view.

RBI Grade B Mock Test - 10 - Question 13
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Ringgit is the currency of
Detailed Solution for RBI Grade B Mock Test - 10 - Question 13
Ringgit is the currency of Malaysia.
RBI Grade B Mock Test - 10 - Question 14
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Every year the World Rotaract Day has been celebrated on 13th of March. This year the theme of the World Rotaract Day is ____________.
Detailed Solution for RBI Grade B Mock Test - 10 - Question 14
Every year, Rotaractors and Rotarians around the world celebrate World Rotaract Week during the week of 13 March to commemorate the founding of the first club in 1968 at North Carolina, USA.

The theme of World Rotaract Day 2022 is Rotary Making a Difference.

World Rotaract Week will be held from 11 March 2022 to 18 March 2022.

Rotary Club is the community service organization for young men and women.

They take part in international service projects, in a global effort to bring peace and international understanding to the world.

RBI Grade B Mock Test - 10 - Question 15
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Which of the following commodities is/are NOT considered the major contributor(s) of the core inflation in India?
Detailed Solution for RBI Grade B Mock Test - 10 - Question 15
Core inflation is the change in the costs of goods and services but does not include those from the food and energy sectors. This measure of inflation excludes these items because their prices are much more volatile.
RBI Grade B Mock Test - 10 - Question 16
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Which among the following is the Head Quarters of RailTel Corporation of India?
Detailed Solution for RBI Grade B Mock Test - 10 - Question 16
Head Quarters of RailTel Corporation of India is located at Gurugram, Haryana
RBI Grade B Mock Test - 10 - Question 17
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A decrease in the tax-to-GDP ratio of a country indicates
Detailed Solution for RBI Grade B Mock Test - 10 - Question 17
The tax-to-GDP ratio is a ratio of a nation's tax revenue relative to its gross domestic product (GDP), or the market value of goods and services a country produces. Some countries aim to increase the tax-to-GDP ratio to address deficiencies in their budgets. Slow economic growth means lower GDP growth and also lower tax collection. Less equitable distribution of national income could be a potential reason for a decrease in the tax-to-GDP ratio of a country. Some other reasons for perennial low tax-to-GDP ratio may include tax evasion, lower tax rates, high poverty levels, etc.
RBI Grade B Mock Test - 10 - Question 18
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The Union Minister Giriraj Singh has launched SMS sending functionality to inform MPs/ MLAs about _____________ under SVAMITVA Scheme
Detailed Solution for RBI Grade B Mock Test - 10 - Question 18
Shri Giriraj Singh, Minister of Panchayati Raj & Rural Development launched the SMS functionality developed wherein SMS will be rolled out to Elected Representatives of respective State / UT informing about the commencement of drone flying in their respective constituency scheduled for survey under SVAMITVA scheme.

The functionality will definitely provide important nudge to Elected Representatives and will help in timely implementation of the Scheme.

RBI Grade B Mock Test - 10 - Question 19
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In the 'Index of Eight Core Industries', which one of the following is given the highest weightage?
Detailed Solution for RBI Grade B Mock Test - 10 - Question 19
Revised weightage in core sectors:

  • Petroleum refinery production (28.04%)

  • Electricity generation (19.85%)

  • Steel production (17.92%)

  • Coal production (10.33%)

  • Crude oil production (8.98%)

  • Natural gas production (6.88%)

  • Cement production (5.37%)

  • Fertiliser production (2.63%)

RBI Grade B Mock Test - 10 - Question 20
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Justice Vipin Sanghi recently in News has been appointed as the acting Chief Justice of which among the following high court?
Detailed Solution for RBI Grade B Mock Test - 10 - Question 20
A notification issued by the Department of Justice in the Law Ministry & according to the Article 223 of the Constitution of India, Justice Vipin Sanghi has been appointed as the acting Chief Justice of Delhi High Court with effect from March 13.

He will replace Chief Justice D.N. Patel.

RBI Grade B Mock Test - 10 - Question 21
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Which one of the following is likely to be the most inflationary in its effect?
Detailed Solution for RBI Grade B Mock Test - 10 - Question 21
Printing money doesn't increase economic output in any way – it merely causes inflation. The spending power of the people increases, leading to inflation.
RBI Grade B Mock Test - 10 - Question 22
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Which of the following organisation is not regulated and supervised as an All India Financial Institution by it under the RBI Act, 1934?
Detailed Solution for RBI Grade B Mock Test - 10 - Question 22
The Reserve Bank of India (RBI) stated that National Bank for Financing Infrastructure and Development (NaBFID) will be regulated and supervised as an All India Financial Institution by it under the RBI Act, 1934. It shall be the 5th AIFI after Export-Import (EXIM) Bank, National Bank for Agriculture and Rural Development(NABARD), National Housing Bank (NHB) and Small Industries Development Bank of India (SIDBI).
RBI Grade B Mock Test - 10 - Question 23
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As per the newspaper reports, the RBI is planning to introduce plastic currency notes. What is/are the benefit(s) of plastic notes?

A. Their shelf life will be longer.

B. It will replace plastic money or credit, debit cards which are giving birth to many fraudulent practices.

C. Printing will be cheaper.
Detailed Solution for RBI Grade B Mock Test - 10 - Question 23
The Reserve Bank for long has been planning to launch plastic currency note after field trials. Plastic notes have an average life span of about five years and are difficult to imitate. Also, currency notes made of plastic are cleaner than paper ones. Such notes were first introduced in Australia to safeguard against counterfeiting.

Plastic currency notes will not replace plastic money or debit/credit cards as they are another form of transactions. Also, as per estimates the cost of printing plastic currency notes will be higher than that of paper currency notes.

RBI Grade B Mock Test - 10 - Question 24
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The Producer of Suryavansi movie passed away recently. What was his name?
Detailed Solution for RBI Grade B Mock Test - 10 - Question 24
Famous Bollywood producer Vijay Galani passed away in his late 50s. Vijay’s filmography as a producer includes films like Salman Khan’s Suryavanshi (1992), Govinda and Manisha Koirala’s Achanak (1998), Akshay Kumar’s Ajnabee (2001), Paresh Rawal and Mallika Sherawat’s Bachke Rehna Re Baba (2005), Salman Khan’s Veer (2010). His last production venture was Vidyut Jammwal and Shruti Haasan’s The Power (2021).
RBI Grade B Mock Test - 10 - Question 25
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Under which scheme has the government targeted to increase the number of power connections in rural areas to 40 million households in 2018?
Detailed Solution for RBI Grade B Mock Test - 10 - Question 25
Prime Minister Narendra Modi launched the “Pradhan Mantri Sahaj Bijli Har Ghar Yojana” or the Saubhagya scheme to provide electricity connections to Indians who do not have them. “The government will connect each house, whether it is in village, a city or in remote locations,” Modi said in his speech.
RBI Grade B Mock Test - 10 - Question 26
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Which payment bank has received the Reserve Bank of India’s approval for commencing international remittance business under the Money Transfer Service Scheme ?
Detailed Solution for RBI Grade B Mock Test - 10 - Question 26
Fino Payments Bank has received the Reserve Bank of India’s approval for commencing international remittance business under the Money Transfer Service Scheme (MTSS). The Bank will be undertaking inward cross-border money transfer activities in association with an overseas principal, the details of which are being worked out. It also has plans to commence outward remittance services soon.
RBI Grade B Mock Test - 10 - Question 27
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In the banks, the primary role of an ombudsman is
Detailed Solution for RBI Grade B Mock Test - 10 - Question 27
An ombudsman or public advocate is an official, usually appointed by the government or by parliament, but with a significant degree of independence, who is charged with representing the interests of the public by investigating and addressing complaints of maladministration or a violation of rights.
RBI Grade B Mock Test - 10 - Question 28
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IIFL Finance has partnered with fintech NIRA to provide personal loans. With this salaried customers can avail a personal loan of up to _______ lakh.
Detailed Solution for RBI Grade B Mock Test - 10 - Question 28
IIFL Finance Limited, non-banking financial company, Partnered with fintech NIRA as part of its strategy to strengthen its digital footprint.

Through this partnership, salaried customers can avail a personal loan of up to Rs. 1 lakh from IIFL Finance by downloading the NIRA app from Google’s Play store.

RBI Grade B Mock Test - 10 - Question 29
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Which of the following is a payment and settlement system used by banks in India?
Detailed Solution for RBI Grade B Mock Test - 10 - Question 29
Real-time gross settlement system (RTGS) is a fund transfer system where money transfer takes place from one bank to another on a "real time" basis and "gross" basis. Settlement in the "real time" means that the transaction happens almost immediately.
RBI Grade B Mock Test - 10 - Question 30
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India's First Floating Storage and Regasification Unit hasreachedat H-Energy's Jaigarh Terminal, Maharashtra. In the term FSRU, what does the R denotes?
Detailed Solution for RBI Grade B Mock Test - 10 - Question 30
India’s first Floating Storage and Regasification Unit (FSRU), Hoegh Giant, arrived at H-Energy’s Jaigarh terminal in Maharashtra.

The FSRU has a storage capacity of 170,000 cubic metres and has an installed re-gasification capacity of 750 million cubic feet per day (equivalent to 6 million tons annually).

The Hoegh Giant will deliver re-gasified LNG to the 56-km long Jaigarh-Dabhol natural gas pipeline, connecting the LNG terminal to the national gas grid.

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