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RBI Grade B Mock Test - 2 - Bank Exams MCQ


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30 Questions MCQ Test - RBI Grade B Mock Test - 2

RBI Grade B Mock Test - 2 for Bank Exams 2024 is part of Bank Exams preparation. The RBI Grade B Mock Test - 2 questions and answers have been prepared according to the Bank Exams exam syllabus.The RBI Grade B Mock Test - 2 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 - 2 below.
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RBI Grade B Mock Test - 2 - Question 1
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The receivables of various loans and obligation are put together and distributed among investors in which of the following?

Detailed Solution for RBI Grade B Mock Test - 2 - Question 1
Securitisation is the process through which an issuer creates a financial instrument by combining other financial assets and then marketing different tiers of the repackaged instruments to investors, and this process can encompass any type of financial asset and promote liquidity in the marketplace.
RBI Grade B Mock Test - 2 - Question 2
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Diébédo Francis Kéré has become the First African to receive Pritzker Prize 2022. This Pritzker Prize is given to which among the following field?

Detailed Solution for RBI Grade B Mock Test - 2 - Question 2
Burkina Faso-born architect Diebedo Francis Kere has become the first African to be awarded the 51st Pritzker Architecture Prize 2022, architectures most prestigious honor.

His architectural practice has been recognized internationally with awards including the Aga Khan Award for Architecture (2004) for his first building, the Gando Primary School in Burkina Faso, and the Global Holcim Award 2012 Gold.

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RBI Grade B Mock Test - 2 - Question 3
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Lack of access to financial services is technically known as

Detailed Solution for RBI Grade B Mock Test - 2 - Question 3
Financial exclusion is the inability of individuals, households or groups to access financial services in an appropriate form. Financial exclusion is either a cause or a consequence of social exclusion, or both.
RBI Grade B Mock Test - 2 - Question 4
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Rajesh Gopinathan has been re-appointed as the MD & CEO of which among the following IT Major?
Detailed Solution for RBI Grade B Mock Test - 2 - Question 4
IT major Tata Consultancy Services has re-appointed Rajesh Gopinathan as the Managing Director and Chief Executive Officer for five years, from February 21, 2022 to February 20, 2027.

The company has also re-appointed N Ganapathy Subramaniam as the Chief Operating Officer and Executive Director from February 21, 2022, to May 19, 2024, as per the retirement age policy of the Company.

RBI Grade B Mock Test - 2 - Question 5
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An IPO is

or an offer for sale of its existing securities for the first time to the public
Detailed Solution for RBI Grade B Mock Test - 2 - Question 5
An IPO is the offering that is made when an unlisted company makes either a fresh issue of securities or an offer for sale of its existing securities, or both, for the first time to the public. This paves way for listing and trading of the issuer's securities.
RBI Grade B Mock Test - 2 - Question 6
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Serdar Berdimuhamedowin recent News has been appointed as the President of which among the following country?
Detailed Solution for RBI Grade B Mock Test - 2 - Question 6
Serdar Berdimuhamedow was sworn in as the President of Turkmenistan.

He succeeds his father and former president Gurbanguly Berdimuhamedov.

Berdimuhamedow won the presidential election with nearly 73 percent of the votes.

RBI Grade B Mock Test - 2 - Question 7
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Different banks provide service electronically to each others' customers through a system. What is it called?
Detailed Solution for RBI Grade B Mock Test - 2 - Question 7
Shared Payment Network System (SPNS) or SWADHAN network of ATMs is to provide 24 hours 7 days in a week and 365 days in a year electronic banking service to the customers of different banks. Different banks' customers can use other banks services through SPNS.
RBI Grade B Mock Test - 2 - Question 8
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Sudha Ragunathan has been appointed as the member of the Central Advisory Board on Culture. She is associated with which among the following field?
Detailed Solution for RBI Grade B Mock Test - 2 - Question 8
SudhaRagunathan has appointed as a member of the Central Advisory Board on Culture (CABC)

SudhaRagunathan is an Indian Carnatic vocalist, singer and composer.

RBI Grade B Mock Test - 2 - Question 9
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Credit risk does not take the form of
Detailed Solution for RBI Grade B Mock Test - 2 - Question 9
Credit risk may take the following forms

In the case of direct lending, principal and/or interest amount may not be repaid.

In the case of guarantees or letters of credit, funds may not be forthcoming from the constituents upon crystallisation of the liability.

In the case of treasury operations, the payment or series of payments due from the counter parties under the respective contracts may not be forthcoming or ceases.

In the case of securities trading businesses, funds/securities settlement may not be effected. 'Equity price change' is not related to the context.

In the case of cross-border exposure, the availability and free transfer of foreign currency funds may either cease or restrictions may be imposed by the sovereign.

RBI Grade B Mock Test - 2 - Question 10
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Who is the governor of West Bengal?
Detailed Solution for RBI Grade B Mock Test - 2 - Question 10
C.V. Ananda Bose is the present Governor of West Bengal
RBI Grade B Mock Test - 2 - Question 11
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Transaction of internet banking excludes
Detailed Solution for RBI Grade B Mock Test - 2 - Question 11
Transaction of internet banking excludes withdrawal of cash anywhere in India. All the other functions can be performed by internet banking. The withdrawal of cash can be done through ATM.
RBI Grade B Mock Test - 2 - Question 12
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Which among the following state government has signed a MOU for dung-based power plants, food irradiation facility?
Detailed Solution for RBI Grade B Mock Test - 2 - Question 12
The Chattisgarh government signed two Memorandums of Understanding (MoUs) for the installation of a food irradiator plant, which will keep food and vegetables safe and well-preserved, as well as dung-based power plants.

For the installation of a food irradiator plant the state’s Seed Corporation has inked a MoU with the Department of Atomic Energy’s Board of Radiation and Isotope Technology.

For setting up of dung-based power plants in ‘gauthans’, MoU was signed between Chhattisgarh Biofuel Development Authority (CBDA) and Bhabha Atomic Research Center (BARC).

RBI Grade B Mock Test - 2 - Question 13
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Prime Minister Narendra Modi has launched BHIM, a new merchant app for accepting payments from customers using their:
Detailed Solution for RBI Grade B Mock Test - 2 - Question 13
Prime Minister Narendra Modi has launched BHIM-Aadhar, a new merchant app for accepting payments from customers using their Aadhar identity.
RBI Grade B Mock Test - 2 - Question 14
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Where is Food & Agriculture Organization headquarters located?
Detailed Solution for RBI Grade B Mock Test - 2 - Question 14
Rome, Italy is the Headquarters of Food & Agriculture Organization
RBI Grade B Mock Test - 2 - Question 15
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Which of the following are the objectives of Look East Policy of India?

A. To promote peace and amity with the neighbouring countries of Asia

B. To place emphasis on India's ASEAN cooperation in India's domestic agenda

C. To promote economic cooperation, cultural ties, and develop strategic relationships with countries in the Asia-Pacific region

D. To provide enhanced connectivity to the North East of India
Detailed Solution for RBI Grade B Mock Test - 2 - Question 15
The objective of Look East Policy is to promote economic cooperation, cultural ties and develop strategic relationship with countries in the Asia-Pacific region through continuous engagement at bilateral, regional and multilateral levels, thereby providing enhanced connectivity to the States of North Eastern Region including Arunachal Pradesh with other countries in our neighbourhood. This policy has placed emphasis on India-ASEAN cooperation in our domestic agenda on infrastructure, manufacturing, trade, skills, urban renewal, smart cities, Make in India and other initiatives.

To promote peace and amity with the neighbouring countries of Asia is not the objective of Look East Policy of India.

RBI Grade B Mock Test - 2 - Question 16
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Which among the following bank has signed a MoU with IPE Global to commit $150 Million to SAMRIDH Healthcare?
Detailed Solution for RBI Grade B Mock Test - 2 - Question 16
Axis Bank has signed an MoU with IPE Global for strengthening India's healthcare infrastructure by providing affordable finance of up to USD 150 million (about Rs 1,140 crore) through SAMRIDH.

To support health enterprises and innovators who would otherwise not have access to affordable debt financing.

RBI Grade B Mock Test - 2 - Question 17
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Which bill was proposed to be passed to solve problems in infrastructure contracts, PPP and public utilities contracts?
Detailed Solution for RBI Grade B Mock Test - 2 - Question 17
The government plans to introduce a bill for speedier resolution of disputes in public-private partnership (PPP) projects as part of its efforts to improve ease of doing business. The budget had proposed a Public Utility (Resolution of Disputes) Bill to streamline institutional arrangements for resolution of disputes in infrastructure related construction contracts, PPP and public utility contracts. The enactment of the Public Utility Bill will provide a legal framework for speedier resolution of disputes in PPP projects.
RBI Grade B Mock Test - 2 - Question 18
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How many Indian players have been included in the ICC Men's Test team of the year for 2021?
Detailed Solution for RBI Grade B Mock Test - 2 - Question 18
India opener Rohit Sharma, wicket-keeper Rishabh Pant and off-spinner Ravichandran Ashwin have been included in the ICC Men's Test team of the year for 2021. New Zealand skipper Kane Williamson has been named as the captain of the ICC Test Team of the year 2021. It is Ashwin's fifth appearance and Pant's second time in the Test team of the year honors while it is the first time Sharma is in the coveted eleven of Test cricket.
RBI Grade B Mock Test - 2 - Question 19
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Which of the following schemes aims at creating 300 rural clusters across India to strengthen financial, job and lifestyle facilities in rural areas?
Detailed Solution for RBI Grade B Mock Test - 2 - Question 19
The objective of Shyama Prasad Mukherjee Rurban Mission is to create 300 rural clusters across the country and to strengthen financial, job and lifestyle facilities in rural areas. Rurban Mission is a solution for both villages and cities in the country that would promote growth of villages and its residents at the place where they are.

Under the mission, the government will identify and develop 300 rural clusters with urban like facilities in the next three years.

RBI Grade B Mock Test - 2 - Question 20
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As per the Sovereign Gold Bond Scheme, what is the maximum limit of subscription for Hindu Undivided Family?
Detailed Solution for RBI Grade B Mock Test - 2 - Question 20
In the Sovereign Gold Bond Scheme the Bonds are issued in denominations of one gram of gold and in multiples thereof. Minimum investment in the Bond shall be one gram with a maximum limit of subscription of 4 kg for individuals, 4 kg for Hindu Undivided Family (HUF) and 20 kg for trusts and similar entities notified by the government from time to time per fiscal year.
RBI Grade B Mock Test - 2 - Question 21
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Which of the following statements is NOT true regarding Universal Banking?
Detailed Solution for RBI Grade B Mock Test - 2 - Question 21
The banks earn both fee based and non-fee based income. The customer is equally benefited as it saves him a lot of time and help him in getting speedy delivery of the products at one place. Therefore, it is favoured by the customers.
RBI Grade B Mock Test - 2 - Question 22
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Recently the MNRE has infused _____________ in state-run Solar Energy Corporation of India (SECI) to achieve renewable energy capacity of 3300 MW.
Detailed Solution for RBI Grade B Mock Test - 2 - Question 22
The Ministry of New and Renewable Ministry (MNRE) will infuse Rs. 1,000 crores in state-run Solar Energy Corporation of India (SECI) as it eyes financing renewable energy (RE) capacity of 3,300 megawatt (MW). “Government has approved an equity infusion of Rs. 1,000 crores in Solar Energy Corporation of India (SECI). This will enhance SECI’s capital asset base, facilitate installation of additional 3,300 MW RE projects and enable it to take up several innovative projects. The equity infusion will increase SECI’s net worth, thereby boosting its lending capacity.
RBI Grade B Mock Test - 2 - Question 23
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In case, a person does not have a proof of identity, he can open a bank account known as 'Small Account'. Which of the following are incorrect regarding Small Account?

A. Total credits in one year should not exceed Rs. 100000.

B. Foreign remittance can be credited to such accounts.

C. Balance in these accounts should not exceed Rs. 100000.

D. Total withdrawal and transfers in a month should not exceed Rs. 20000.
Detailed Solution for RBI Grade B Mock Test - 2 - Question 23
In terms of Rule 2 clause (FB) of the Notification, 'Small Account' means a savings account in a banking company where the

(i) aggregate of all credits in a financial year does not exceed rupees one lakh

(ii) aggregate of all withdrawals and transfers in a month does not exceed rupees ten thousand

(iii) balance at any point of time does not exceed rupees fifty thousand

Foreign remittances cannot be credited to Small Accounts without completing normal KYC formalities. The total of debits by way of cash withdrawals and transfers will not exceed ten thousand rupees in a month.

RBI Grade B Mock Test - 2 - Question 24
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What is the name of the recently discovered underground ocean buried beneath the surface of the Death Star?
Detailed Solution for RBI Grade B Mock Test - 2 - Question 24
Scientists from the Southwest Research Institute (SwRI) discovered an underground ocean buried beneath the surface of the ‘Death Star’-like moon of Saturn, named Mimas. It would help the scientists in better understanding Saturn’s rings and pave the way for further investigation towards possible signs of life on the planet. It represents a new class of small, 'stealth' ocean worlds. With a diameter of 395 kilometres, Mimas is covered in 32 kilometres of thick ice and is the smallest cosmic entity that has still maintained its round shape.
RBI Grade B Mock Test - 2 - Question 25
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Which of the following statements are TRUE?

A. RBI is the regulator of banks and the securities market in India.

B. RBI maintains the financial stability of financial institutions in India.

C. Notes in the denomination of rupee 1 to rupees 1000 are issued by RBI.

D. RBI appoints the CEOs of private sector banks.
Detailed Solution for RBI Grade B Mock Test - 2 - Question 25
RBI is the regulator of banks but the securities market in India is regulated by SEBI. One rupee notes are not issued by RBI. They are issued by Ministry of Finance, and bears the signature of Finance Secretary.
RBI Grade B Mock Test - 2 - Question 26
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The International Geological Congress has took place in New Delhi. Which among the following statement is not true regarding the congress?
Detailed Solution for RBI Grade B Mock Test - 2 - Question 26
The 36th International Geological Congress (IGC), themed “Geosciences: The Basic Science for a Sustainable Future” will be held here during 20-22 March, 2022 on a virtual platform.

The 36th IGC is a joint endeavour of the Ministry of Mines, Ministry of Earth Sciences, Indian National Science Academy and the Science Academies of Bangladesh, Nepal and Sri Lanka.

Described as the Olympics of Geosciences, the IGCs are held quadrennial, under the aegis of the International Union of Geological Congress (IUGS), the Scientific Sponsor of the IGCs.

RBI Grade B Mock Test - 2 - Question 27
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Which of the following entities is not permitted to participate both as lender and borrower in the call/notice money market?
Detailed Solution for RBI Grade B Mock Test - 2 - Question 27
This market is governed by the Reserve Bank of India, which issues guidelines for the various participants in the call/notice money market. The entities permitted to participate both as lender and borrower in the call/notice money market are Scheduled Commercial Banks (excluding RRBs), Co-operative Banks (other than Land Development Banks) and Primary Dealers (PDs).
RBI Grade B Mock Test - 2 - Question 28
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The Securities and Exchange Board of India has appointed Ashwani Bhatia, Managing director of which among the following bank as the whole-time member (WTM)?
Detailed Solution for RBI Grade B Mock Test - 2 - Question 28
The government has appointed State Bank of India (SBI) managing director Ashwani Bhatia as a whole-time member (WTM) of the Securities and Exchange Board of India (SEBI).

The Appointments Committee of Cabinet has approved the appointment for a period of 3 years from the date of assumption of charge of the post, or until further orders, whichever is earlier.

RBI Grade B Mock Test - 2 - Question 29
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The major highlights of growth in manufacturing are

A. Volume of Production Index (VoPI) for manufacturing grew by 13.6 percent in March 2018

B. Value of Production Index (VaPI) increased by 12.8 percent.

C. Programmed public spending on infrastructure increased by 5.4 percent in 2018

Which among the above given are correct?
Detailed Solution for RBI Grade B Mock Test - 2 - Question 29
Programmed public spending on infrastructure increased by 6.3 percent in 2018 from 5.4 percent in 2017, comprising 25.4 percent of the national budget.
RBI Grade B Mock Test - 2 - Question 30
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As per the report released by Stockholm International Peace Research Institute, Saudi Arabia and which country has emerged as the largest importer of arms in 2017-21?
Detailed Solution for RBI Grade B Mock Test - 2 - Question 30
The latest report of the Stockholm International Peace Research Institute (SIPRI) on Trends in International Arms Transfer, 2021, released.

The report reveals that India and Saudi Arabia had emerged as the largest arms importers of arms between 2017-21, each accounting for 11% of all global arms sales.

The report places India at the top of the list.

Meanwhile Egypt, Australia and China were the next three largest importers with respective shares of 5.7%, 5.4% and 4.8%.

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