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RBI Grade B Mock Test - 4 - Bank Exams MCQ


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30 Questions MCQ Test - RBI Grade B Mock Test - 4

RBI Grade B Mock Test - 4 for Bank Exams 2024 is part of Bank Exams preparation. The RBI Grade B Mock Test - 4 questions and answers have been prepared according to the Bank Exams exam syllabus.The RBI Grade B Mock Test - 4 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 - 4 below.
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RBI Grade B Mock Test - 4 - Question 1
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Which of the following correctly describe(s) the 'Bancassurance'?

  1. It is an arrangement whereby the branches of a bank sell/distribute insurance products of an insurance company.

  2. It is a new product developed/launched by the banks in which the risks of high value customers are covered for any losses to their property and/or lives through an insurance cover.

  3. It is a new product launched by some banks by which they provide insurance cover to exporters/importers for the losses, if any due to high fluctuations in the exchange rates of dollars and other major currencies.

Detailed Solution for RBI Grade B Mock Test - 4 - Question 1
Correct Answer: Only 1
RBI Grade B Mock Test - 4 - Question 2
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Recently the World Bank has approved a loan of ___________ to west Bengal in order to help poor and vulnerable groups access social protection services

Detailed Solution for RBI Grade B Mock Test - 4 - Question 2
The World Bank’s Executive Board of Director has approved a $125 million loan to the Government of West Bengal to support the state’s efforts to help poor and vulnerable groups access social protection services. The COVID-19 pandemic has highlighted the need to focus on building capabilities of state governments to deliver inclusive and equitable social protection in times of crisis. India’s eastern state of West Bengal runs more than 400 programs that provide social assistance, care services, and jobs.
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RBI Grade B Mock Test - 4 - Question 3
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Which of the following has a direct bearing on monetised deficit in India?

A. Fiscal Responsibility and Budget Management

B. Fiscal consolidation plans of government

C. Increase in tax base in India

Select the correct answer using the codes given below:

Detailed Solution for RBI Grade B Mock Test - 4 - Question 3
Monetised deficit refers to that part of fiscal deficit which is provided (financed) by the RBI. FRBM Act puts limitations on the government to borrow from RBI. So, statement A is correct.

Fiscal consolidation refers to shrinkage of fiscal deficit. Lesser is the FD, lesser will be the monetised deficit. Therefore, statement B is correct.

If tax base increases, the tax collection is likely to improve, which will further reduce the need for monetised deficit.

RBI Grade B Mock Test - 4 - Question 4
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Recently which portal has been launched by the coal secretary to share key performance indicators related to the coal sector?
Detailed Solution for RBI Grade B Mock Test - 4 - Question 4
Coal Secretary Dr. Anil Kumar Jain launched Koyla Darpan Portal to share Key Performance Indicators related to the Coal Sector. The portal is accessible through the website of the Ministry of Coal (https://coal.gov.in) for maximum public outreach.

About Ministry of Coal:

  • Cabinet Minister: Pralhad Joshi

  • Secretary: Anil Kumar Jain

  • Additional COAL Secretary: Vinod Kumar Tiwari

RBI Grade B Mock Test - 4 - Question 5
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Frequent changes in the cost of which of the following commodities at international levels, push inflation upwards?
Detailed Solution for RBI Grade B Mock Test - 4 - Question 5
As the price of the petroleum products increase, so does the inflation in a country. This is because that oil (Petroleum products) is the major input in the economy- it is used in critical activities such as fuelling, transportation, etc. If input costs rise, so does the cost of end products, leading to inflation.
RBI Grade B Mock Test - 4 - Question 6
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Recently P.V. Sindhu has defeated whom to win the women's singles title at the Syed Modi International tournament in Lucknow?
Detailed Solution for RBI Grade B Mock Test - 4 - Question 6
In Badminton, two-time Olympic medalist, P.V. Sindhu has won the Women's singles title at the Syed Modi International tournament in Lucknow. Sindhu defeated compatriot Malvika Bansod 21-13, 21-16 in the summit clash. It was former world champion Sindhu’s second Syed Modi title after having annexed the BWF World Tour Super 300 event in 2017. The 2022 Syed Modi International badminton tournament was held at Babu Banarasi Das Indoor Stadium in Lucknow, Uttar Pradesh from 18 to 23 January 2022.
RBI Grade B Mock Test - 4 - Question 7
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Which among the following prize in literature will not be awarded in 2018?
Detailed Solution for RBI Grade B Mock Test - 4 - Question 7
The Swedish Academy decided to postpone this year's Nobel Prize in Literature but plans to award it next year. The decision makers cited the crisis around sex abuse that has caused some Academy members to resign.
RBI Grade B Mock Test - 4 - Question 8
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The Small Industries Development Bank of India has signed MoU with which state government to promote MSME sector?
Detailed Solution for RBI Grade B Mock Test - 4 - Question 8
The Small Industries Development Bank of India (SIDBI) has signed two Memorandum of Understandings (MoU) with the Government of Bihar to promote the micro, small and medium enterprises (MSME) sector in Bihar.

The agreement was signed between SIDBI and the Industries Department, Government of Bihar, and the Bihar Industrial Area Development Authority (BIADA) to develop the MSME ecosystem in Bihar.

RBI Grade B Mock Test - 4 - Question 9
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Which of the following statements regarding the Indian economy Is NOT correct?

A. The Indian economy is the eighth largest by Purchasing Power Parity

B. The economy of India is the sixth largest in the world measured by nominal GDP

C. Tamil Nadu is the wealthiest Indian state with an annual nominal GDP of US$330 billion

D. India's economy was re-crowned the world's fastest growing economy in 2018
Detailed Solution for RBI Grade B Mock Test - 4 - Question 9
The Indian economy is the third largest by Purchasing Power Parity. Maharashtra is the wealthiest Indian state. It has nominal GDP of $430 billion.
RBI Grade B Mock Test - 4 - Question 10
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The Haryana CM Khattar has announced the Sushma Swaraj Award, Scheme for Women. This award carries the cash price of Rs.___ Lakh
Detailed Solution for RBI Grade B Mock Test - 4 - Question 10
Haryana Chief Minister Manohar Lal Khattar has announced the 'Sushma Swaraj Puraskar' award.

The award will be given to women for their significant contribution and achievements in different walks of life in national and international spheres.

The award will carry a commendation and a cash prize of Rs 5 lakh.

He also announced the Haryana Matrushakti Udyamita Scheme to provide support to women for becoming entrepreneurs.

RBI Grade B Mock Test - 4 - Question 11
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Who among the following is very closely associated with the day to day functioning of the RBI?
Detailed Solution for RBI Grade B Mock Test - 4 - Question 11
Mr. B. P. Kanungo is the Deputy Governor of RBI and is therefore, closely associated with the day to day functioning of the RBI.
RBI Grade B Mock Test - 4 - Question 12
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The National Capital Regional Transport Corporation (NCRTC) has unveiled coaches of India's first rapid rail from Delhi to ____________ corridor
Detailed Solution for RBI Grade B Mock Test - 4 - Question 12
The National Capital Regional Transport Corporation (NCRTC) has unveiled the coaches of India’s first rapid rail for the Delhi - Meerut corridor.

The Regional Rapid Transit System (RRTS) train will run on the Delhi-Ghaziabad-Meerut corridor and cover a distance of 82 km in just 55 minutes.

The new RRTS train is a completely new design of train designed to provide a good travelling experience for passengers.

RBI Grade B Mock Test - 4 - Question 13
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The abbreviation EMV stands for
Detailed Solution for RBI Grade B Mock Test - 4 - Question 13
EMV -- which stands for Europay, Mastercard and Visa -- is a global standard for cards equipped with computer chips and the technology used to authenticate chip-card transactions.
RBI Grade B Mock Test - 4 - Question 14
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Who amongst the following has recently been appointed as the deputy chairman of Volvo Group India by the Confederation of Indian Industry?
Detailed Solution for RBI Grade B Mock Test - 4 - Question 14
The Confederation of Indian Industry (CII) appointed Volvo Group India president and managing director Kamal Bali as the deputy chairman. Kamal Bali served CII-Karnataka as chairman in 2017-18 and was also the chairman of the sub-committee (manufacturing) of CII (southern region) during 2020-21.
RBI Grade B Mock Test - 4 - Question 15
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RBI has given approval to India Post Payments Bank, after testing its entire system. Which among the following statements is NOT true regarding Payments Banks?
Detailed Solution for RBI Grade B Mock Test - 4 - Question 15
The Payments banks can issue ATM or debit cards, but they are not allowed to issue credit cards. So, statement 2 is incorrect.
RBI Grade B Mock Test - 4 - Question 16
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Which among the following signature tune has released by the Minister of State for Culture, composed by Grammy Award winner Ricky Kej and Oscar contender Bickram Ghosh?
Detailed Solution for RBI Grade B Mock Test - 4 - Question 16
Minister of State for Culture & External Affairs, Meenakashi Lekhi has released a signature tune for ‘Vande Bharatam’.

It was produced for Vande Bharatam, Nritya Utsav of Ministry of Culture presented at Rajpath, New Delhi for Republic Day event 2022.

The ‘Vande Bharatam’ signature tune is composed by Grammy Award winner Ricky Kej and Oscar contender Bickram Ghosh

The Ministry of Defence handed over the special trophy to the Ministry of Culture in recognition of its exemplary efforts during the Republic Day Event 2022.

RBI Grade B Mock Test - 4 - Question 17
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The government has reconstituted the Financial Stability and Development Council (FSDC) to include

A. Minister of state responsible for the Department of Economic Affairs

B. Secretary of Department of Electronics and Information Technology

C. Chairperson of the Insolvency and Bankruptcy Board of India

D. Revenue Secretary
Detailed Solution for RBI Grade B Mock Test - 4 - Question 17
Correct Answer: All of these
RBI Grade B Mock Test - 4 - Question 18
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HDFC Bank has financed for Asia’s Largest ‘Waste-To-Energy’ Plant in Indore, MP. As per the report this Plant handles _________ tonnes of Municipal Solid waste per day.
Detailed Solution for RBI Grade B Mock Test - 4 - Question 18
HDFC Bank has been associated with Indore Clean Energy Private Limited (ICEPL) for the development of 550 tonnes/day of Municipal Solid Waste (MSW) to Compressed Biogas (CBG) plant - the largest Bio-CNG plant in Asia located in Indore, Madhya Pradesh.

This is the largest waste to energy project funded by HDFC Bank under its ESG commitments.

The plant is expected to treat 50 percent of municipal waste generated in Indore City and convert to 100 percent green products (biogas and manure)

RBI Grade B Mock Test - 4 - Question 19
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Which of the following measures of Fiscal Reforms has the Government of India adopted?
Detailed Solution for RBI Grade B Mock Test - 4 - Question 19
FRBM Act provides a legal institutional framework for fiscal consolidation. It is now mandatory for the Central Government to take measures to reduce fiscal deficit, to eliminate revenue deficit and to generate revenue surplus in the subsequent years. The Act binds not only the present Government but also the future Government to adhere to the path of fiscal consolidation. The Government can move away from the path of fiscal consolidation only in case of natural calamity, national security and on other exceptional grounds which the Central Government may specify.
RBI Grade B Mock Test - 4 - Question 20
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The CCEA has approved the extension of applicability of NIP-2012 for three units of Hindustan Urvarak and Rasayan Limited. Which among the following Unit is not among them?
Detailed Solution for RBI Grade B Mock Test - 4 - Question 20
The Cabinet Committee on Economic Affairs has approved an extension of applicability of New Investment Policy, NIP-2012 for the three units of Hindustan Urvarak and Rasayan Limited, HURL in Gorakhpur, Sindri and Barauni.

HURL is a Joint Venture Company by Coal India Limited, NTPC and Indian Oil Corporation.

These three facilities integrate the world’s best technologies aiming to meet the demand for urea in Seven States - Uttar Pradesh, Bihar, Jharkhand, Chhattisgarh, Madhya Pradesh, West Bengal and Odisha

RBI Grade B Mock Test - 4 - Question 21
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Which of the following terms is used in the field of economics?
Detailed Solution for RBI Grade B Mock Test - 4 - Question 21
The Balance of Payments, also known as Balance of International Payments, encompasses all transactions between a country's residents and its nonresidents involving goods, services and income; financial claims on and liabilities to the rest of the world; and transfers such as gifts.
RBI Grade B Mock Test - 4 - Question 22
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The India Water Pitch-Pilot-Scale Challenge’ has been launched by Minister Hardeep Singh. How many start-ups are selected under this challenge?
Detailed Solution for RBI Grade B Mock Test - 4 - Question 22
Union Minister Hardeep Singh Puri has launched the India WaterPitch-Pilot-Scale Start-up Challenge', under which the government will select 100 start-ups and they will be provided with Rs 20 lakh each as funding support as well as mentorship.

According to the Ministry of Housing and Urban Affairs, the new initiative aims at empowering start-ups in the water sector to grow through innovation and design that will drive sustainable economic growth and generate employment opportunities.

The initiative was launched at an event here by Union Housing and Urban Affairs Minister Hardeep Singh Puri under the ministry's Atal Mission for Rejuvenation and Urban Transformation (AMRUT) 2.0.

RBI Grade B Mock Test - 4 - Question 23
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The Reserve Bank notified government's decision to raise foreign direct investment (FDI) limit in the insurance sector to
Detailed Solution for RBI Grade B Mock Test - 4 - Question 23
The Reserve Bank on April 8, 2015 notified government's decision to raise foreign direct investment limit in the insurance sector to 49%.
RBI Grade B Mock Test - 4 - Question 24
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The money which is available at high-interest rates and hence restricts the expenditure of companies is called ___________.
Detailed Solution for RBI Grade B Mock Test - 4 - Question 24
“The money which is available at high-interest rates and hence restricts the expenditure of companies is called Dear Money”. Due to the restricted money supply, interest rates will be pushed up. Hence, it is very difficult to raise money during this period of dear money.
RBI Grade B Mock Test - 4 - Question 25
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Which of the following countries is a member of BRICS?
Detailed Solution for RBI Grade B Mock Test - 4 - Question 25
The five BRICS countries are Russia, China, India, Brazil, and South Africa.
RBI Grade B Mock Test - 4 - Question 26
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The Government has launched a mission named ____________ to evacuate nationals from Ukraine
Detailed Solution for RBI Grade B Mock Test - 4 - Question 26
The government of India has launched an evacuation mission named Operation Ganga to evacuate Indian nationals from Ukraine due to the Russia-Ukraine tension.

Due to the ongoing tension between Ukraine and Russia, Ukraine has been declared as a no-fly zone by the authorities for the safety and security of the nations

RBI Grade B Mock Test - 4 - Question 27
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The establishment of Payments Bank is being allowed in India to promote Financial Inclusion. Which of the following statements are correct in this context?

A. Mobile, telephone companies, and supermarket chains that are owned and controlled by residents are eligible to be the promoters of Payment Banks.

B. Payment Banks can issue both credit cards and debit cards.

C. Payment Banks cannot undertake lending activities.
Detailed Solution for RBI Grade B Mock Test - 4 - Question 27
According to RBI, existing non-bank Pre-paid Payment Instrument (PPI) issuers; and other entities such as individuals/professionals; Non-Banking Finance Companies (NBFCs), corporate Business Correspondents (BCs), mobile telephone companies, supermarket chains, companies, real sector cooperatives; that are owned and controlled by residents; and public sector entities may apply to set up Payments Banks.

Unlike a regular bank, a Payments Bank cannot lend money to people, or issue credit cards.

While the Payment Banks cannot issue credit cards, they can issue ATM and debit cards.

RBI Grade B Mock Test - 4 - Question 28
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Recently a new digital initiative namely Anubhuti, refurbished user-friendly website, e-Chittha has been launched. These initiatives are launched by whom?
Detailed Solution for RBI Grade B Mock Test - 4 - Question 28
Delhi police Commisioner Rakesh Asthana launched three new digital initiatives - Anubhuti, a QR code-based feedback system, a refurbished Delhi Police website and e-Chittha portal.

The basic aims of these schemes are to add a new dimension in digitising and modernising the Delhi Police.

RBI Grade B Mock Test - 4 - Question 29
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Which among the following are the indicators of Human Development Index (HDI)?

A. Nature of employment

B. Access to education

C. Sex ratio

D. Death rate

E. Life expectancy

F. Standard of living
Detailed Solution for RBI Grade B Mock Test - 4 - Question 29
The Human Development Index is measured by the life expectancy, as calculated at the time of birth, in each country. Education is measured on two levels: the mean year of schooling for residents of a country and the expected years of schooling that a child has at the average age for starting school. The metric chosen to represent standard of living is GNI per capita based on Purchasing Power Parity, a common metric used to reflect average income.
RBI Grade B Mock Test - 4 - Question 30
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Which among the following Housing Finance company has recently partnered with CSC to provide loans over 4 lakh village level entrepreneurs?
Detailed Solution for RBI Grade B Mock Test - 4 - Question 30
LIC Housing Finance Ltd (LICHFL) and CSC e-Governance Services India Ltd (CSC) have entered into a strategic partnership to provide loans to citizens through CSC’s network of over four lakh Village Level Entrepreneurs (VLEs).

LIC HFL offers home loans starting at 6.70 percent per annum.

Presently, there are more than 4 lakh CSCs across India.

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