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RBI Grade B Mock Test - 3 - Bank Exams MCQ


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30 Questions MCQ Test - RBI Grade B Mock Test - 3

RBI Grade B Mock Test - 3 for Bank Exams 2024 is part of Bank Exams preparation. The RBI Grade B Mock Test - 3 questions and answers have been prepared according to the Bank Exams exam syllabus.The RBI Grade B Mock Test - 3 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 - 3 below.
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RBI Grade B Mock Test - 3 - Question 1
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Which of the following is NOT a Millennium Development Goal as fixed by the United Nations?

Detailed Solution for RBI Grade B Mock Test - 3 - Question 1
The Millennium Development Goals as fixed by the United Nations include one of the goal as Developing a global partnership for development (and NOT for peace). The other goals are to eradicate extreme poverty and hunger, to achieve universal primary education, to promote gender equality and women empowerment, to reduce child mortality, to improve maternal health, to combat HIV/AIDS, malaria and other diseases, to ensure environmental sustainability, to ensure global partnership for development.
RBI Grade B Mock Test - 3 - Question 2
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Name the famous poet & litterateur who has been selected for the Saraswati Samman 2021.

Detailed Solution for RBI Grade B Mock Test - 3 - Question 2
Noted poet and litterateur Prof Ramdarash Mishra has been selected for the prestigious Saraswati Samman, 2021.

He has been selected for this prestigious literary award for his Hindi poetry collection ‘Mein to Yahan Hun’, which was published in 2015.

Prof Ramdarash Mishra, the well-known and highly accomplished Hindi poet, and litterateur was born on August 15, 1924, in the Gorakhpur District, Uttar Pradesh.

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RBI Grade B Mock Test - 3 - Question 3
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What is/are the purpose (s) of 'Marginal Cost of Funds based Lending Rate (MCLR)' announced by RBI?

A. To improve the transmission of policy rates into the lending rates of banks.

B. To bring transparency in the methodology followed by banks for determining interest rates on advances.

C. To ensure availability of bank credit at interest rates which are fair to borrowers as well as banks.

D. To enable banks to become more competitive and enhance their long-run value and contribution to economic growth.

Choose from the options given below:

Detailed Solution for RBI Grade B Mock Test - 3 - Question 3
RBI decided to shift from base rate to MCLR because the rates based on marginal cost of funds are more sensitive to changes in policy rates. Statements A, B and C are the purposes of MCLR.
RBI Grade B Mock Test - 3 - Question 4
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As per the report released by the Union Cabinet chaired by Prime Minister Narendra Modi, it has approved the extension of Atal Innovation Mission till _________
Detailed Solution for RBI Grade B Mock Test - 3 - Question 4
The Union Cabinet chaired by Prime Minister Narendra Modi has approved the continuation of Atal Innovation Mission (AIM), till March 2023.

The AIM shall work on its intended target of creating an innovation culture and entrepreneurial ecosystem in the country.

RBI Grade B Mock Test - 3 - Question 5
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Who among the following is the President of Cyprus (As in 2018)?
Detailed Solution for RBI Grade B Mock Test - 3 - Question 5
Nicos Anastasiades is a Greek Cypriot politician who has been President of Cyprus since 2013. Previously, he was the leader of Democratic Rally and a Member of Parliament for Limassol.
RBI Grade B Mock Test - 3 - Question 6
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IFSCA has signed MoU with GVFL Limited (formerly Gujarat Venture Finance Limited) for Strengthening the FinTech Ecosystem in GIFT IFSC. What is the full form of IFSCA?
Detailed Solution for RBI Grade B Mock Test - 3 - Question 6
The International Financial Services Centres Authority (IFSCA) and GVFL Limited (formerly Gujarat Venture Finance Limited) signed a Memorandum of Understanding (MoU) at IFSCA’s office at Gift City for cooperation and collaboration to support and facilitate the FinTech ecosystem in GIFT IFSC.

The MoU focuses on collaboration between the two organizations for exchange of information and undertaking diverse initiatives as regards FinTech industry including holding seminars, webinars, conferences, etc., for the growth of FinTech in the GIFT IFSC.

RBI Grade B Mock Test - 3 - Question 7
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The industrial sector plays an important role in the development of India. Which of the following sectors does not come under the industrial sector?
Detailed Solution for RBI Grade B Mock Test - 3 - Question 7
The industrial goods sector is a category of stocks that relates to producing goods used in construction and manufacturing. This sector includes companies involved with aerospace and defence, industrial machinery, tools, lumber production, construction, waste management, manufactured housing, and cement and metal fabrication.
RBI Grade B Mock Test - 3 - Question 8
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Hindi novelist and short story writer GeetanjaliShree's novel named ___________ has shortlisted for the International Booker Prize.
Detailed Solution for RBI Grade B Mock Test - 3 - Question 8
Hindi novelist and short story writer GeetanjaliShree's novel 'Tomb of Sand' is among six books from all over the world shortlisted for the International Booker Prize.

This makes it the first Hindi language work of fiction to make it to the list.

RBI Grade B Mock Test - 3 - Question 9
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With reference to 'Financial Stability and Development Council', consider the following statements:

A. The Council shall have a sub-committee headed by the Prime Minister of India.

B. The council is entrusted with the responsibility of coordinating India's international interface with financial sector bodies.

C. The idea to create it was given by Pranab Mukherjee.

Which of the statements is/are true?
Detailed Solution for RBI Grade B Mock Test - 3 - Question 9
Financial Stability and Development Council (FSDC) is an apex-level body constituted by the government of India. The council comprises of the Union Finance Minister of India as the Chairperson, Additional Secretary, Ministry of Finance, DEA, as the Secretary and other members. The Council shall have a sub-committee headed by the Governor, RBl. The idea to create such a super regulatory body was first mooted by the Raghuram Rajan Committee in 2008. Finally, in 2010, the then Finance Minister of India, Pranab Mukherjee, decided to set up such an autonomous body. Among other responsibilies, the council is entrusted with the responsibility of coordinating India's international interface with financial sector bodies.

So, only statement B is correct.

RBI Grade B Mock Test - 3 - Question 10
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Karnataka Vikas Grameena Bank has launched a new deposit scheme - Vikas Siri Sampat-1111. What is the minimum deposit amount for this scheme?
Detailed Solution for RBI Grade B Mock Test - 3 - Question 10
Chairman of Karnataka Vikas Grameena Bank P. Gopi Krishna launched a new deposit scheme of the bank, Vikas Siri Sampat-1111.

The scheme is of a tenor of 1,111 days with an interest rate of 5.70% for the general public and 6.20 % for senior citizens.

Under the scheme, a minimum of Rs. 10,000 and a maximum of Rs. 2 crores can be deposited.

RBI Grade B Mock Test - 3 - Question 11
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The term 'Core Banking Solutions' is sometimes seen in the news. Consider the following statements related to 'Core Banking Solutions."

A. It is networking of a bank's branches, which enables customers to operate their accounts from any branch of the bank on its network regardless of where they open their accounts.

B. It is an effort to increase RBI's control over commercial banks through computerization.

C. It is a detailed procedure by which a bank with huge non-performing assets is taken over by another bank.

Which of the following statements are true?
Detailed Solution for RBI Grade B Mock Test - 3 - Question 11
Core banking is a banking service provided by a group of networked bank branches where customers may access their bank account and perform basic transactions from any of the member branch offices. The core banking services rely heavily on computer and network technology to allow a bank to centralise its record keeping and allow access from any location. It has been the development of banking software that has allowed core banking solutions to be developed. CBS is an efforts towards enhancing customer's convenience through Anywhere and Anytime banking.
RBI Grade B Mock Test - 3 - Question 12
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Who among the following has won the F1 Australian Grand Prix 2022?
Detailed Solution for RBI Grade B Mock Test - 3 - Question 12
Ferrari’s Charles Leclerc won the Australian Grand Prix in Melbourne, as world champion Max Verstappen was forced to retire his Red Bull after giving valiant chase.

It was the third round of the 2022 Formula One World Championship.

RBI Grade B Mock Test - 3 - Question 13
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The RBI had set up an inter-disciplinary standing committee on cyber security to review the threats inherent in the existing and emerging technology. Which of the following statements regarding the committee is NOT true?
Detailed Solution for RBI Grade B Mock Test - 3 - Question 13
It was an 11-member inter-disciplinary committee on cyber security that reviewed the threats inherent in the existing or emerging technology. The committee had been formed on the recommendations of the expert panel on cyber security and IT technology chaired by Meena Hemchandra.
RBI Grade B Mock Test - 3 - Question 14
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DRDO & Indian Army has successfully flight-tested anti-tank guided missile named _____________ in Pokhran Range
Detailed Solution for RBI Grade B Mock Test - 3 - Question 14
Defence Research and Development Organisation (DRDO) & Indian Army and Indian Air Force (IAF) jointly conducted the successful flight-test of the indigenously developed helicopter launched Anti-Tank Guided Missile HELINA at high-altitude ranges.

The flight trials were conducted from an Advanced Light Helicopter (ALH) and the missile was fired successfully engaging a simulated tank target.

The missile is guided by an Imaging Infra-Red (IIR) Seeker operating in the Lock on Before Launch mode.

RBI Grade B Mock Test - 3 - Question 15
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The International Buddhist Conclave (IBC), 2018 was held in New Delhi. It was inaugurated by
Detailed Solution for RBI Grade B Mock Test - 3 - Question 15
The President of India Shri Ram Nath Kovind inaugurated the “International Buddhist Conclave (IBC), 2018”. The Minister of State (Independent Charge), Shri K.J. Alphons presided over the inaugural function.
RBI Grade B Mock Test - 3 - Question 16
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Which among the following United Nations Organization and Adaptation Innovation Marketplace (AIM) has announced $2.2 million in climate action grants for innovators?
Detailed Solution for RBI Grade B Mock Test - 3 - Question 16
The United Nations Development Programme (UNDP) and partners of the Adaptation Innovation Marketplace (AIM) have announced $2.2 million in climate action grants for 22 local innovators across 19 countries, including India.

The first round of funding through the Adaptation Fund Climate Innovation Accelerator (AFCIA) window.

It will enhance local climate action and accelerate the delivery of targets outlined in the Paris Agreement and Sustainable Development Goals.

RBI Grade B Mock Test - 3 - Question 17
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Which of the following is an example of indirect tax?
Detailed Solution for RBI Grade B Mock Test - 3 - Question 17
An indirect tax is a tax collected by an intermediary (such as a retail store) from the person who bears the ultimate economic burden of the tax. Examples include sales tax, per unit tax, value added tax (VAT), or goods and services tax (GST).
RBI Grade B Mock Test - 3 - Question 18
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The Ministry of Defence has banned the import of ___________ strategically important sub-systems with an aim to enhance self-reliance in defence.
Detailed Solution for RBI Grade B Mock Test - 3 - Question 18
The Ministry of Defence has banned import of 107 strategically important line replacement units or sub-systems aimed to enhance self-reliance in defence manufacturing & to minimise imports by DPSUs under 'Aatmanirbhar Bharat'.

The list is in continuation to the positive indigenisation list of 2,851 sub-systems, which had been earlier notified by the Department of Defence Production, Ministry of Defence.

RBI Grade B Mock Test - 3 - Question 19
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Which of the following statements is true regarding Special Economic Zones in the country?
Detailed Solution for RBI Grade B Mock Test - 3 - Question 19
SEZ is an area in which business and trade laws are different from rest of the country. The creation of SEZs by the host country is motivated by the desire to attract FDI. Companies may be offered tax holidays upon establishing in a zone, they are granted a period of lower taxation. The idea of SEZ is to promote exports from the country. The most obnoxious aspect of the new SEZs provisions was that it enabled corporates to grab large tracts of land from farmers. The speed at which agricultural lands were being lost, led to a series of agitations by small farmers.
RBI Grade B Mock Test - 3 - Question 20
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Where does Gomateshwara temple located?
Detailed Solution for RBI Grade B Mock Test - 3 - Question 20
Gomateshwara temple located at Karnataka. This place is one of the eminent heritage sites in Karnataka.
RBI Grade B Mock Test - 3 - Question 21
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In which form(s) is the Cash Reserve Ratio (CRR) maintained with the Reserve Bank of India?
Detailed Solution for RBI Grade B Mock Test - 3 - Question 21
Cash Reserve Ratio is a percentage of the total money reserve that any bank must keep with it in form of cash. Actually, banks don't keep this cash with them; they deposit the cash with RBI which is conceived as holding cash with RBI. It is the reserved money in the form of cash, on which a bank does not earn any interest.
RBI Grade B Mock Test - 3 - Question 22
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Rod Marsh died at the age of 74. He belonged to which among the following sport?
Detailed Solution for RBI Grade B Mock Test - 3 - Question 22
Rod Marsh was remembered as "a colossal figure" in Australian cricket who gave close to 50 years' service to the sport as tributes poured in after he died following a heart attack at a charity event.

The 74-year-old Marsh, played 96 Tests and was later a long-time national selector.

RBI Grade B Mock Test - 3 - Question 23
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Consider the following statements regarding FDI in 2018. Which among the following statements is correct?

A. Mauritius was the top source of FDI into India in 2017-2018

B. FDI from Netherlands has increased substantially during the year 2017-2018

C. FDI into manufacturing sector has witnessed substantial decline

D. FDI inflows from Singapore have declined in the recent past
Detailed Solution for RBI Grade B Mock Test - 3 - Question 23
FDI from Netherlands has declined marginally to $2.67 billion as against $3.23 billion.

FDI inflows from Singapore rose to $9.27 billion from $6.52 billion

RBI Grade B Mock Test - 3 - Question 24
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The World Wildlife Day has been celebrated on March 3 every year. This day was 1st observed in which among the following year?
Detailed Solution for RBI Grade B Mock Test - 3 - Question 24
World Wildlife Day is celebrated on March 3 every year to celebrate and raise awareness of the world's wild fauna and flora.

The Theme of World Wildlife Day 2022: “Recovering key species for ecosystem restoration”.

The theme is chosen by the UN as a way to draw attention to the conservation status of the most critically endangered species of wild fauna and flora.

The day was proposed by Thailand and recognised in 2013 by United Nations General Assembly (UNGA).

The first World Wildlife Day was observed on March 03, 2014.

RBI Grade B Mock Test - 3 - Question 25
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The contribution of Agricultural sector in the total GDP of India is about
Detailed Solution for RBI Grade B Mock Test - 3 - Question 25
Agriculture and allied sector shares 17.32% and GVA is around of 23.82 lakh crore INR.
RBI Grade B Mock Test - 3 - Question 26
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Alan Ladd Jr passed away recently. Hewas a well-known ______________.
Detailed Solution for RBI Grade B Mock Test - 3 - Question 26
Alan Ladd Jr, the Oscar-winning producer has Passed away at the age of 84.

Ladd was born in Los Angeles on October 22, 1937, in Los Angeles, California, U.S.

RBI Grade B Mock Test - 3 - Question 27
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The Census report released on 31st March, 2011. Which of the following statements regarding the data collected during Census 2011 are correct?

A. The literacy rate of India is 74%.

B. The density of population is 382 persons per kilometre square.

C. The sex ratio in India is 940 females per 1000 males.

D. Uttar Pradesh is the most populous state.
Detailed Solution for RBI Grade B Mock Test - 3 - Question 27
All the above given statements are correct.
RBI Grade B Mock Test - 3 - Question 28
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Who is the MD & CEO of Union Bank of India?
Detailed Solution for RBI Grade B Mock Test - 3 - Question 28
RajkiranRai G is the MD & CEO of Union Bank of India
RBI Grade B Mock Test - 3 - Question 29
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Consider the following statements regarding India Innovation Index:

A. It has been developed by NITI Aayog in collaboration with WIPO.

B. It ranks states on innovations through country's first online innovation index portal.

C. It tracks progress on each indicator at the National and International level.

D. India currently ranks 57th out of 126 countries on the Global Innovation Index 2018.

Which of the following statements are not true?
Detailed Solution for RBI Grade B Mock Test - 3 - Question 29
The index was launched in collaboration with Department of Industrial Policy and Promotion (DIPP) and Confederation of Indian Industry (CII). Hence, statement A is incorrect.

It is a one-stop data warehouse and tracks progress on each indicator at the National level and the State level on real-time basis.

RBI Grade B Mock Test - 3 - Question 30
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Indian Navy’s_____________ Submarine of Project 75, Yard 11879 Kalvari class has commenced the Sea Trials.
Detailed Solution for RBI Grade B Mock Test - 3 - Question 30
The fifth submarine of Project 75, Yard 11879, Indian Navy’s Kalvari class commenced her sea trials on 01 February 2022.

The submarine was launched in November 2020 from the Kanhoji Angre Wet Basin of Mazagon Dock Shipbuilders Limited (MDL), Mumbai, Maharashtra.

The submarine was named after INS Vagir, a Russian Vela-class submarine that served in the Navy from 1973 to 2001.

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