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RBI Grade B Mock Test - 5 - Bank Exams MCQ


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30 Questions MCQ Test - RBI Grade B Mock Test - 5

RBI Grade B Mock Test - 5 for Bank Exams 2024 is part of Bank Exams preparation. The RBI Grade B Mock Test - 5 questions and answers have been prepared according to the Bank Exams exam syllabus.The RBI Grade B Mock Test - 5 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 - 5 below.
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RBI Grade B Mock Test - 5 - Question 1
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Bank guarantee is a

Detailed Solution for RBI Grade B Mock Test - 5 - Question 1
Contingent liabilities are those liabilities which are not liabilities as of now. In future, they may become liabilities. They are called contingent because they are not real.

A bank shows all bank guarantees it has issued as contingent liabilities in its balance sheet because those bank guarantees may be invoked and may actually become liabilities in some unknown date in future.

RBI Grade B Mock Test - 5 - Question 2
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Recently, the Defence Research and Development Organization have celebrated which foundation Day on January 1, 2022?

Detailed Solution for RBI Grade B Mock Test - 5 - Question 2
Defence Research and Development Organization (DRDO) celebrated the 64th DRDO Day on January 1, 2022. The DRDO was formed in 1958 from the amalgamation of the then already functioning Technical Development Establishment (TDEs) of the Indian Army and the Directorate of Technical Development & Production (DTDP) with the Defence Science Organization (DSO). Over 175 transfers of technologies will happen in 2021.
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RBI Grade B Mock Test - 5 - Question 3
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Which of the following is NOT one of the major functions of NABARD?

Detailed Solution for RBI Grade B Mock Test - 5 - Question 3
The NABARD does not review the monetary and credit policies. All the other functions mentioned in the statements are performed by NABARD.
RBI Grade B Mock Test - 5 - Question 4
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In which state the first battery-powered electric boat has been built, carry 100 passengers at a time?
Detailed Solution for RBI Grade B Mock Test - 5 - Question 4
In Kerala, the first battery-powered electric boat built for the Kochi Water Metro Project was handed over to the Kochi Metro Rail Limited at a function held at the Cochin Shipyard. The fully air-conditioned boat is among the 23 boats being built by the Cochin Shipyard for the 747-crores rupee Kochi Water Metro project. The 50 seater boat can carry 100 passengers at a time. The Kochi Water Metro system will have 78 ferries, linking 38 terminals spread over 76 route kilometers.
RBI Grade B Mock Test - 5 - Question 5
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Choose the correct statements from among the following:

A. YouTube has over 1 billion website visitors per month and is the second most popular search engine.

B. Rich Site Summary (RSS) is not a very useful tool for working on web-service technology.

C. Wiki is a group collaboration software tool working on web-service technology.

D. Facebook.com is not the most useful social networking site of choice for most students.
Detailed Solution for RBI Grade B Mock Test - 5 - Question 5

  • YouTube is the largest and most popular video-based social media website. It has over 1 billion website visitors per month and is the second most popular search engine behind Google.

  • RSS is a very tool for working on web-service technology. It is a type of web feed which allows users to access updates to online content in a standardised, computer-readable format. Subscribing to a website RSS removes the need for the user to manually check the website for new content. Instead, their browser constantly monitors the site and informs the user of any updates.

  • Wikipedia became the most famous wiki site, entering the top ten most popular websites in 2007. In the early 2000s (decade), wikis were increasingly adopted in enterprise as collaborative software. Common uses included project communication, intranets, and documentation, initially for technical users. Some companies use wikis as their only collaborative software and as a replacement for static intranets, and some schools and universities use wikis to enhance group learning.

RBI Grade B Mock Test - 5 - Question 6
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Which company has recently introduced ‘Unified Presentment Management System’ for recurring bill payments?
Detailed Solution for RBI Grade B Mock Test - 5 - Question 6
NPCI Bharat Bill Pay (NBBL), the wholly-owned subsidiary of National Payments Corporation of India, has introduced ‘Unified Presentment Management System’ (UPMS) for recurring bill payments. UPMS will enable the customers to set up standing instructions from any channel and for any mode on their recurring bill payments. The bills will be automatically fetched from the billers and presented to customers for their action, in terms of auto-debit and bill payment management
RBI Grade B Mock Test - 5 - Question 7
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Which of the following statements is NOT correct?
Detailed Solution for RBI Grade B Mock Test - 5 - Question 7
There is no change in the tax slabs or rates for individual taxpayers as per the Union Budget 2018-2019. It was announced that senior citizens can claim Rs 50,000 for general medical expenditure. Standard reduction of Rs 40,000 for the salaried employee in lieu of transport allowance and medical reimbursement was also resumed.
RBI Grade B Mock Test - 5 - Question 8
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Every year the Government of India has celebrated the National Youth Festival to commemorate the birth anniversary of whom among the following?
Detailed Solution for RBI Grade B Mock Test - 5 - Question 8
National Youth Festival is organized by the Government of India every year to commemorate the birth anniversary of Swami Vivekananda i.e. 12th January. The 25th National Youth Festival is going to be held in Pondicherry from 12th to 16th January 2022. It was started in 1995 as a major activity under the programme held by the National Integration Camp (NIC).
RBI Grade B Mock Test - 5 - Question 9
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What is/are the objective(s) of securitization of financial assets?
Detailed Solution for RBI Grade B Mock Test - 5 - Question 9
Securitization is the financial practice of pooling various types of contractual debt such as residential mortgages, commercial mortgages, auto loans or credit card debt obligations (or other non-debt assets which generate receivables) and selling their related cash flows to third party investors as securities, which may be described as bonds, pass-through securities or collateralized debt obligations (CDOs). Investors are repaid from the principal and interest cash flows collected from the underlying debt and redistributed through the capital structure of the new financing.
RBI Grade B Mock Test - 5 - Question 10
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The Prime Minister Narendra Modi would inaugurate __________new Government Medical Colleges across Tamil Nadu.
Detailed Solution for RBI Grade B Mock Test - 5 - Question 10
Prime Minister Narendra Modi will inaugurate 11 New Government Medical Colleges across Tamil Nadu and the new campus of Central Institute of Classical Tamil in Chennai.
RBI Grade B Mock Test - 5 - Question 11
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Pink-Color Economic Survey 2017-18 was tabled in Parliament by Ministry of Finance, in order to press for issues related to Women Empowerment. Which among the following scheme is NOT related to Women Empowerment?
Detailed Solution for RBI Grade B Mock Test - 5 - Question 11
Saubhagya scheme is an Indian government project to provide electricity to all households. It is not directly related to Women Empowerment.
RBI Grade B Mock Test - 5 - Question 12
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What was the age of the recently passed world's oldest man, Saturnino de la Fuente?
Detailed Solution for RBI Grade B Mock Test - 5 - Question 12
Spaniard Saturnino de la Fuente Garcia, the world's oldest man, passed away at the age of 112 years and 341 days old. Saturnino de la Fuente was born on Feb. 11, 1909 in the Puente Castro neighborhood of León in Spain. Guinness World Records named De la Fuente Garcia as the ​​​​​​​world's oldest living man at precisely 112 years and 211 days in September 2021. Saturnino de la Fuente was a huge football fan and was one of the founders of CD Puente Castro football club.
RBI Grade B Mock Test - 5 - Question 13
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RBI can appoint a new director in a banking company in place of another director. The person so appointed shall continue to be in office
Detailed Solution for RBI Grade B Mock Test - 5 - Question 13
Every director elected under 'election of new directors' shall hold office until the date up to which his predecessor would have held office, if the election had not been held. Thus, option c is the correct answer.
RBI Grade B Mock Test - 5 - Question 14
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Which Bank has signed MoU with Assam Rifles to provide 'Central Forces Salary Package'?
Detailed Solution for RBI Grade B Mock Test - 5 - Question 14
The MoU between the Bank and Assam Rifles was signed by Colonel P S Singh, Colonel Administration, Head Quarters, Directorate General, Assam Rifles, and Mr. Debarata Das, Zonal Manager, Kolkata Zone, Bank of Baroda.

Under the agreement, Bank of Baroda will offer the Baroda Central Forces Salary Package to all personnel of the Assam Rifles, both serving and retired.

Further, the Bank will also provide special benefits, including Personal Accident Insurance and a co-branded credit card.

RBI Grade B Mock Test - 5 - Question 15
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According to the Economic Survey 2018, which among the following affects consumption and hold back real economic activity?
Detailed Solution for RBI Grade B Mock Test - 5 - Question 15
When restrictions loosened globally, consumers were again ready to start driving and traveling. The oil demand outmatched the supply, and the oil companies couldn't keep up, not at first. This caused oil prices to increase again as oil companies worked on increasing the supply to match the new demand.
RBI Grade B Mock Test - 5 - Question 16
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Who among the following has been appointed as the India’s first National Maritime Security Coordinator?
Detailed Solution for RBI Grade B Mock Test - 5 - Question 16
Former Navy vice chief G Ashok Kumar has been appointed as the first National Maritime Security Coordinator (NMSC) in the National Security Council Secretariat.

The Cabinet Committee on Security had cleared the proposal for the creation of the post in 2021.

The appointment is a part of the country's attempt to bolster its maritime security following the 26/11 Mumbai terror attack.

The significant move comes with a mandate to ensure cohesion among various key stakeholders with an overall objective to secure the country.

RBI Grade B Mock Test - 5 - Question 17
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The banker-customer relationship does not come to an end in which of the following circumstances?
Detailed Solution for RBI Grade B Mock Test - 5 - Question 17
The banker-customer relationship does not come to an end when receipt of garnishee order has been satisfied by payment.
RBI Grade B Mock Test - 5 - Question 18
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The Assam Chief Minister Himanta Biswa Sarma has been elected as the President of BAI. This BAI is a board related to which among the following organization?
Detailed Solution for RBI Grade B Mock Test - 5 - Question 18
Assam Chief Minister Dr. Himanta Biswa Sarma was re-elected unopposed as the president of Badminton Association of India (BAI) for another four years term from 2022 to 2026 at the general body meeting held in Guwahati.

He was elected during the General Body Meeting of BAI in Guwahati on March 25, 2022

RBI Grade B Mock Test - 5 - Question 19
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The experience of banks in India in recent years under retail lending has shown that the following loans had the least level of impairment (default):
Detailed Solution for RBI Grade B Mock Test - 5 - Question 19
Within the retail segment, the housing loans had the least gross asset impairment.
RBI Grade B Mock Test - 5 - Question 20
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Indian Government has planned to amend the Multi State Cooperative Societies Act _________ for regulatory mechanism of the Cooperatives.
Detailed Solution for RBI Grade B Mock Test - 5 - Question 20
Government is planning to amend Multi-State Cooperative Societies Act 2002 to have an effective regulatory mechanism for multi-state cooperative societies.

Minister of Cooperation, Amit Shah is proposed to amend the Act to keep the legislation in tune with the changing economic policies, to make the management accountable to the members of the societies, and to protect the interests of the depositors and the shareholders of the societies.

RBI Grade B Mock Test - 5 - Question 21
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Consider the following statements:

A. RBI is obliged to transact business of Central Government and State Governments including J & K.

B. RBI provides advice in all monetary matters, except agriculture and industrial finance.

C. RBI plays an important part in the Development Strategy of the Government of India.

D. The functions of the Central Bank remain the same throughout the world.

Which of the above statements is/are correct?
Detailed Solution for RBI Grade B Mock Test - 5 - Question 21
RBI provides advice in all monetary matters including agriculture and industrial finance. RBI is obliged to transact business of Central Government and State Governments excluding J & K. The functions of a Central Bank vary from country to country.

RBI plays an important part in the Development Strategy of the Government of India. It is a member bank of the Asian Clearing Union.

RBI Grade B Mock Test - 5 - Question 22
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Which among the following North-East state has recently become the first state to achieve paperless Assembly by implementing National e-Vidhan Application programme?
Detailed Solution for RBI Grade B Mock Test - 5 - Question 22
The north eastern state of Nagaland became the first State Assembly in the entire country to implement the National e-Vidhan Application (NeVA) programme to become completely paperless.

The Nagaland Assembly Secretariat has attached a tablet or e-book on each table in the 60 members' assembly.

This initiative encourages paperless operations and reflects the government's commitment towards Ashta Lakshmi.

Question_type

RBI Grade B Mock Test - 5 - Question 23
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Which among the following insurance companies have been proposed to be merged as per the Union Budget 2018?

A. United India Insurance

B. Oriental Insurance

C. General Insurance

D. National Insurance
Detailed Solution for RBI Grade B Mock Test - 5 - Question 23
Three public sector insurance companies - The Oriental Insurance Co. Ltd, National Insurance Co. Ltd, and United India Insurance Co. Ltd. will be merged into a single insurance company and listed on the bourses, finance minister Arun Jaitley announced in the Union Budget on Thursday.
RBI Grade B Mock Test - 5 - Question 24
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How many countries have agreed for Global Plastics Treaty, a biggest multilateral environmental deal to end the plastic pollution crisis?
Detailed Solution for RBI Grade B Mock Test - 5 - Question 24
In a biggest multilateral environmental deal, 175 countries have agreed to a legally binding global treaty called “Global Plastics Treaty”, to end the plastic pollution crisis by tackling the entire supply chain of material.

The resolution on the first treaty was passed at a meeting of the UN Environment Assembly (UNEA) in Nairobi in Kenya.

Now, they have started working on how to implement the treaty by 2024.

RBI Grade B Mock Test - 5 - Question 25
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After the tremendous success of BHIM app, the Government will launch two new schemes to promote the usage of BHIM. These are
Detailed Solution for RBI Grade B Mock Test - 5 - Question 25
BHIM is a biometric payment app using Adhaar platform and is based on Unified Payment Interface. The new schemes launched to promote the usage of BHIM are Referral Bonus Scheme for individuals and Cash Back Scheme for merchants.
RBI Grade B Mock Test - 5 - Question 26
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Which among the following Fintech Company has been recently partnered with IRCTC for unreserved and platform tickets?
Detailed Solution for RBI Grade B Mock Test - 5 - Question 26
Digital payments company Paytm has partnered with Indian Railway Catering and Tourism Corporation (IRCTC) to provide digital ticketing services to consumers through Automatic Ticket Vending Machines (ATVMs) installed at railway stations across India.

This is the first time Indian Railways is providing an option to pay digitally for ticketing services through UPI on ATVMs to promote cashless commuting among railway passengers.

RBI Grade B Mock Test - 5 - Question 27
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As per Union Budget 2018, the Customs duty on mobile phones and parts of televisions has been increased to
Detailed Solution for RBI Grade B Mock Test - 5 - Question 27
I propose to increase customs duty on mobile phones from 15 % to 20 %, on some of their parts and accessories to 15 %, and on certain parts of TVs to 15 %,” Finance Minister Arun Jaitley said in his budget speech.
RBI Grade B Mock Test - 5 - Question 28
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Which among the following public sector bank has partnered with Ambit Finvest for the co-lending process to MSMEs?
Detailed Solution for RBI Grade B Mock Test - 5 - Question 28
Union Bank of India partners with Ambit Finvest for co-lending to MSMEs

Ambit Finvest Private Limited (Ambit Finvest), the Non-Deposit taking Non-Banking Financial Company (NBFC) of the Ambit Group has signed a co-lending agreement with Union Bank of India (UBI) for lending to Micro, Small and Medium Enterprise (MSME) customers.

This is to facilitate speedy disbursal of credit across different geographies.

This alliance will ensure underwriting for originations, positively impacting the creditworthiness of MSMEs, in 11 states.

RBI Grade B Mock Test - 5 - Question 29
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Other than banks, the deposits can be accepted by non-bank entities. Which of the following do(es) not match with regard to regulation authority for such deposits?
Detailed Solution for RBI Grade B Mock Test - 5 - Question 29
Joint stock companies in India are governed by the Indian Companies Act, 1956.
RBI Grade B Mock Test - 5 - Question 30
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Under whose chairmanship, the 19th Meeting of National Tiger Conservation Authority held?
Detailed Solution for RBI Grade B Mock Test - 5 - Question 30
The 19th Meeting of National Tiger Conservation Authority (NTCA) was held under the chairmanship of Union Minister for Environment, Forest & Climate Change Shri Bhupendra Yadav. The minister stated that currently 51 Tiger Reserves in India & more than 35 rivers originate from these areas which are crucial for water security. During the course of the meeting Shri Yadav also informed that ‘India for Tigers: A Rally on Wheels’, organized under the aegis of ‘Azadi Ka Amrit Mahotsav’ by Ministry of Environment, Forest and Climate Change.
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