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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 - 9 - Bank Exams MCQ

RBI Grade B Mock Test - 9 - 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 - 9

RBI Grade B Mock Test - 9 for Bank Exams 2024 is part of RBI Grade B Mock Test Series & Past Year Papers 2024 preparation. The RBI Grade B Mock Test - 9 questions and answers have been prepared according to the Bank Exams exam syllabus.The RBI Grade B Mock Test - 9 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 - 9 below.
Solutions of RBI Grade B Mock Test - 9 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 - 9 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 - 9 | 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 - 9 - Question 1
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Very often we read about Special Economic Zones (SEZs) in newspaper. What is/are the purpose(s) of promoting SEZs in India?

  1. They are established to promote exports.

  2. They are established to attract investments from foreign countries.

  3. They are established to help poorest of the poor in India as the activities of these Zones are reserved only for poor and those living below poverty line.

Detailed Solution for RBI Grade B Mock Test - 9 - Question 1
SEZs are specifically delineated duty-free enclaves and are deemed to be foreign territory for the purposes of trade operations, duties and tariffs. The principal goal is to increase foreign investment. As far as trade and commerce are concerned, SEZs are regarded as international territory.
RBI Grade B Mock Test - 9 - Question 2
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Recently R. Praggnanandhaa has won the prestigious Reykjavik Open chess tournament by defeating whom?

Detailed Solution for RBI Grade B Mock Test - 9 - Question 2
Young Indian Grandmaster R. Praggnanandhaa has won the prestigious Reykjavik Open chess tournament here with 7.5 points from nine rounds. The 16-year-old Praggnanandhaa defeated compatriot GM D. Gukesh in the final round to emerge the sole winner. Abhimanyu Mishra picked up seven points and finished fifth.
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RBI Grade B Mock Test - 9 - Question 3
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Which of the following statements is incorrect?

Detailed Solution for RBI Grade B Mock Test - 9 - Question 3
Private corporate sector contributes to around 20% followed by public sector of around 4% to total gross savings.
RBI Grade B Mock Test - 9 - Question 4
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Iron Beam is the New Laser Missile Defense System developed by which among the following country?
Detailed Solution for RBI Grade B Mock Test - 9 - Question 4
Israel has successfully tested a new laser missile-defence system 'Iron Beam' which can intercept many kinds of aerial objects starting from missiles, rockets, anti-tank missiles and even drones.

Iron Beam is the world’s first energy-based weapons system.

The Iron Beam which is developed by the Rafael Advanced Defense Systems is using directed-energy weapon systems and can go a long way in providing aerial defence.

RBI Grade B Mock Test - 9 - Question 5
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A bank on whom a cheque is drawn by the customer is:
Detailed Solution for RBI Grade B Mock Test - 9 - Question 5
Paying bank is a bank that is responsible for paying the amount of money on a cheque relating to one of its customer's accounts.
RBI Grade B Mock Test - 9 - Question 6
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The Home Ministry's High-Level Committee has approved an additional Central assistance of over Rs 1,887 crores to 5 States. Which among the following state is not among them?
Detailed Solution for RBI Grade B Mock Test - 9 - Question 6
The High-Level Committee under the Chairmanship of Home Minister Amit Shah has approved additional Central assistance of over one thousand 887 crore rupees to five States under the National Disaster Response Fund.

These states are Bihar, Himachal Pradesh, Rajasthan, Sikkim and West Bengal.

Home Ministry, more than one thousand crore rupees has been approved for Bihar, over 292 crore rupees for Rajasthan, more than 475 crore rupees for West Bengal, over 59 crore rupees for Sikkim and over 21 crore rupees for Himachal Pradesh.

RBI Grade B Mock Test - 9 - Question 7
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Which of the following statements are NOT true?

A. A firm or company is permitted to act as a bank.

B. An individual is permitted to act as a bank.

C. A firm consisting of more than 10 partners can act as a bank.

D. The moneylenders, Mahajans, or Shahukars cannot act as a bank.
Detailed Solution for RBI Grade B Mock Test - 9 - Question 7
Only a firm or company, and not an individual, is permitted to act as a bank. A firm consisting of not more than ten partners or a company incorporated under Indian Companies Act can be a bank. The definition of banker does not include Indian moneylenders or groups of individuals not registered under provisions of the Companies Act and the Banking Regulation Act.
RBI Grade B Mock Test - 9 - Question 8
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Assam & which among the following north east state has signed an agreement to resolve five-decade-old border dispute in 6 locations?
Detailed Solution for RBI Grade B Mock Test - 9 - Question 8
The chief ministers of Assam and Meghalaya Himanta Biswa Sarma & Conrad Sangma signed an agreement in the presence of Union Home Minister Amit Shah to resolve part of their five-decade-old inter-state border dispute in six of the 12 locations along the 884.9 km border.

Amit Shah stated that it is a historic day for the Northeast.

In 2021, both state governments identified six of the 12 areas under dispute Hahim, Gizang, Tarabari, Boklapara, Khanapara-Pilingkata, Ratacherra for resolution in the first phase.

RBI Grade B Mock Test - 9 - Question 9
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Crossing in a cheque
Detailed Solution for RBI Grade B Mock Test - 9 - Question 9
If the drawer of the cheque wants to ensure safety and audit trail of payment, he may further direct the paying banker to pay the cheque only through an account. Crossing of the cheque fulfills the mandate of the drawer. It must always be done on the face of the cheque.
RBI Grade B Mock Test - 9 - Question 10
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According to the Newspaper report which among the following organization has received 1st prize in IspatRajbhasha Award for 2018-19 and 2020-21?
Detailed Solution for RBI Grade B Mock Test - 9 - Question 10
National Mineral Development Corporation Ltd. (NMDC), Country’s largest Iron Ore producer, a CPSE under Ministry of Steel received 1st prize in the IspatRajbhasha Award for 2018-19 and 2020-21 and the IspatRajbhashaPrerna Award for 2019-20 in the meeting of the Hindi Salahakar Committee of the Ministry of Steel held in Madurai on 3rd March 2022.
RBI Grade B Mock Test - 9 - Question 11
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Apart from demand and supply conditions, prices may rise due to cost push factors. These cost push factors include:

A. Commodity taxation

B. Upward revision of product prices of public monopoly enterprises

C. Global inflation
Detailed Solution for RBI Grade B Mock Test - 9 - Question 11
Cost push inflation is inflation caused by an increase in prices of inputs like labour, raw material, etc. All the above mentioned are cost push factors.
RBI Grade B Mock Test - 9 - Question 12
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Which city is called as City of Rallies?
Detailed Solution for RBI Grade B Mock Test - 9 - Question 12
New Delhi is the Capital city of India and is known as the City of Rallies
RBI Grade B Mock Test - 9 - Question 13
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Which of the following is not one of the major functions of the National Bank for Agricultural and Rural Development (NABARD)?
Detailed Solution for RBI Grade B Mock Test - 9 - Question 13
Correct Answer: Review of monetary and credit policy
RBI Grade B Mock Test - 9 - Question 14
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Which India company has partnered with German Based RWE Renewables to develop offshore wind projects in India?
Detailed Solution for RBI Grade B Mock Test - 9 - Question 14
Tata Power has collaborated with Germany-based RWE Renewable GmbH to explore potential for a joint development of offshore wind projects in India.

The MoU has been signed between Tata Power Renewable Energy Limited, a 100 percent subsidiary of Tata Power, which is one of India's largest integrated power companies, and RWE Renewables GmbH, one of the world's leaders in offshore wind

RBI Grade B Mock Test - 9 - Question 15
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Consider the following statements regarding the Economic Survey 2017-18 and choose the incorrect statement from the options given below:
Detailed Solution for RBI Grade B Mock Test - 9 - Question 15
Various reforms taken by the Government of India have led to increase in India's ranking in the World Bank's Ease of Doing Business Index from 130 in 2017 to 100 in 2018. So, statement 1 is correct.

The number of indirect taxpayers in the country witnessed growth of 50 per cent to 9.8 million unique GST registrants, as of December 2017.So, statement 2 is correct.

India's internal trade in goods and services (excluding non-GST goods and services) at 60 per cent is even higher than that estimated in last year's economic survey. So, statement 3 is correct.

The survey observes that India's performance in 14 out of the 17 indicators of women's agency, attitudes, and outcomes has improved over the last 10-15 years. So, statement 4 is correct.

India under-spends on research and development (R&D), even relative to its level of development. So, statement 5 is not correct.

RBI Grade B Mock Test - 9 - Question 16
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Which Payment gateway has partnered with SBI Payments to boost digital payments acceptance infrastructure in Guwahati, Lucknow and Varanasi?
Detailed Solution for RBI Grade B Mock Test - 9 - Question 16
As an extension of its flagship campaign ‘Team Cashless India’, Mastercard partnered with the Auto Rickshaw Association in Lucknow, All Assam’s Restaurant Association (AARA) in Guwahati, local shopkeepers, and Boat Union in Varanasi to bolster the digital payments infrastructure.

In Lucknow, the partnership enables more than 700 auto-rickshaw drivers to accept digital payments.

RBI Grade B Mock Test - 9 - Question 17
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SLR constitutes investments in which of the following?
Detailed Solution for RBI Grade B Mock Test - 9 - Question 17
Statutory liquidity ratio (SLR) is the Indian government term for reserve requirement that the commercial banks in India require to maintain in the form of gold, government approved securities before providing credit to the customers. Statutory Liquidity Ratio is determined by Reserve Bank of India maintained by banks in order to control the expansion of bank credit.
RBI Grade B Mock Test - 9 - Question 18
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Moody’s Investors Service has raised India’s growth forecast to 9.5% for FY2022 and _______ for financial year FY23.

8.4%

8.8%

9.1%

9.8%
Detailed Solution for RBI Grade B Mock Test - 9 - Question 18
Moody’s Investors Service raised India’s growth forecast to 9.5 percent for the calendar year 2022 (Earlier it was 7 percent) and to 8.4 percent for FY23.

It maintained a forecast for 5.5 percent growth in CY2023.

Union Budget 2022 prioritizes growth, with a 36 percent increase in allocation to capital expenditure to 2.9 percent of gross domestic product for FY23.

RBI Grade B Mock Test - 9 - Question 19
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Which of the following correctly explain the features of Time or Term Deposits?

A. Amount is repayable on maturity.

B. Banks issue deposits with maturity from 7 days to 60 months.

C. The interest is cumulative on quarterly rests.

D. Rate of interest is fixed by each bank for different periods.
Detailed Solution for RBI Grade B Mock Test - 9 - Question 19
The banks issue deposits with maturity from 7 days to 120 months. Rest all are the features of Term Deposits.
RBI Grade B Mock Test - 9 - Question 20
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Which of the following credit rating agency was set up for MSME in India?
Detailed Solution for RBI Grade B Mock Test - 9 - Question 20
The credit rating agency set up for MSME in India is SMERA, widely known as 'The SME Rating Agency'
RBI Grade B Mock Test - 9 - Question 21
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Consider the following statements with regards to Kisan Credit Scheme:

A. It provides a single window to the farmers for their cultivation needs only.

B. All the farmers who are owners, cultivators, tenant farmers, are eligible for availing Kisan credit card.

C. The repayment period is fixed by the farmers as per the anticipated harvesting.

D. Rate of interest will be linked to the Base Rate and is left to the discretion of banks.

Which of the following statements are TRUE?
Detailed Solution for RBI Grade B Mock Test - 9 - Question 21
It provides a single window to the farmers for their cultivation, as well as other needs, such as to meet the short-term credit requirements for cultivation of crops, post-harvest expenses, consumption requirements of farmer household, working capital for maintenance of farm assets and activities allied to agriculture, and for long-term credit requirements such as investment credit requirement for agriculture and allied activities.

The repayment period is fixed by the banks as per the anticipated harvesting.

RBI Grade B Mock Test - 9 - Question 22
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Which of the following banks has not been chosen as preferred bankers for Air India by Tata Group?
Detailed Solution for RBI Grade B Mock Test - 9 - Question 22
Tata Group has chosen State Bank of India, Bank of Baroda and HDFC Bank as preferred bankers for Air India.

Recently Tata Group has taken over Air India from the government.

Air India is the largest international carrier out of India with an 18.6% market share.

Tata Sons have availed of a Rs 10,000-crore loan from SBI and a Rs 5,000-crore loan from BoB.

RBI Grade B Mock Test - 9 - Question 23
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Which of the following statements regarding Smart Card programme is NOT correct?
Detailed Solution for RBI Grade B Mock Test - 9 - Question 23
90% of the beneficiaries preferred the Smart Cards system. Yet, the perception was created that the program was mostly negative. This was a classic case of the imbalance of power between concentrated losses and diffused benefits.
RBI Grade B Mock Test - 9 - Question 24
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Rupinder Singh Suri passed away. What was his profession?
Detailed Solution for RBI Grade B Mock Test - 9 - Question 24
Senior Advocate and Additional Solicitor General Rupinder Singh Suri passed away.
RBI Grade B Mock Test - 9 - Question 25
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Government recently revised the base year for WPI and IIP from 2004-05 to
Detailed Solution for RBI Grade B Mock Test - 9 - Question 25
The government has released the new Index of Industrial Production (IIP) and Wholesale Price Index (WPI) series with 2011-12 as the base year, replacing 2004-05. The move will bring all the key macroeconomic indicators — IIP, WPI, CPI (Consumer Price Index), national accounts — on a common base of 2011-12, making the comparisons easier.
RBI Grade B Mock Test - 9 - Question 26
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Lt Gen GAV Reddy has appointed as new chief of Defense Intelligence Agency. He replaced whom among the following?
Detailed Solution for RBI Grade B Mock Test - 9 - Question 26
Lieutenant General GAV Reddy, SC, has been appointed as the new head of the Defence Intelligence Agency.

He replaced Lieutenant General KJS Dhillon & he was awarded the Param Vishisht Seva Medal on the 73rd Republic Day.

RBI Grade B Mock Test - 9 - Question 27
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Consider the following statements regarding Union Budget 2018-19:

A. There aren't any major changes in indirect tax as most of them are now under the purview of the GST council.

B. The budget schemes have been announced with the objective to uplift the poor and farmers.

C. Under Prime Minister Fellowship Scheme, 5000 B.Tech students will be given the opportunity to do Ph.D. in IIT and IISc.

Which of the above statements are NOT true?
Detailed Solution for RBI Grade B Mock Test - 9 - Question 27
Finance Minister Arun Jaitley announced the PM Fellowship Scheme during the budget 2018. Under this, one thousand B.Tech students will be given the opportunity to do Ph.D. in IIT and IISc.
RBI Grade B Mock Test - 9 - Question 28
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Recently Nobel laureate, Luc Montagnier passed away. He was awarded the Nobel for cure of which of the following disease?
Detailed Solution for RBI Grade B Mock Test - 9 - Question 28
Luc Montagnier, the French virologist and Nobel laureate whose co-discovery of the human immunodeficiency virus sparked a global search for an AIDS cure, has passed away. Montagnier was jointly awarded the 2008 Nobel Prize for his work in isolating the virus that causes Aids. That was the day that Dr.Montagnier (pronounced mon-tan-YAY), who directed the Viral Oncology Unit at the Pasteur Institute, received a piece of the lymph node that had been removed from a 33-year-old man with AIDS.
RBI Grade B Mock Test - 9 - Question 29
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The depreciation is deducted from GNP in order to estimate NNP because the national income economists
Detailed Solution for RBI Grade B Mock Test - 9 - Question 29
Net National Product (NNP) is equal to GNP minus depreciation. It indicates the net output available for the consumption by society where society includes consumers, producers and government. NNP is the actual measure of the national income. The economists desire to keep intact the total physical productivity of the capital goods.
RBI Grade B Mock Test - 9 - Question 30
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The International Epilepsy Day has been observed every year on which day of February across the world?
Detailed Solution for RBI Grade B Mock Test - 9 - Question 30
International Epilepsy Day is observed every year on the Second Monday of February across the world. In 2022, International Epilepsy Day falls on February 14, 2022. The day is organized jointly by the International Bureau for Epilepsy (IBE) and the International League against Epilepsy (ILAE)to raise awareness about epilepsy and highlight the kinds of problems faced by victims, their friends and family
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