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RBI Grade B Mock Test - 6 - Bank Exams MCQ


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30 Questions MCQ Test - RBI Grade B Mock Test - 6

RBI Grade B Mock Test - 6 for Bank Exams 2024 is part of Bank Exams preparation. The RBI Grade B Mock Test - 6 questions and answers have been prepared according to the Bank Exams exam syllabus.The RBI Grade B Mock Test - 6 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 - 6 below.
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RBI Grade B Mock Test - 6 - Question 1
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A new web portal has been launched by the central government for the general public to make donations to the families of martyrs and soldiers of Indian Armed Forces. What is the name of this portal?

Detailed Solution for RBI Grade B Mock Test - 6 - Question 1
bharatkeveer.gov.in or Bharat Ke Veer is a new web portal launched by the central government for the general public to make donations to the families of martyrs and soldiers of Indian Armed Forces. Using the bharatkeveer.gov.in portal, anyone who wish to support the families of martyrs can donate online.
RBI Grade B Mock Test - 6 - Question 2
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The Dance Sattriya is related which state of India?

Detailed Solution for RBI Grade B Mock Test - 6 - Question 2
Sattriya is a classical Indian dance that originated in its eastern state of Assam.
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RBI Grade B Mock Test - 6 - Question 3
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A bank can close the account of a customer

A. where the customer acts in a manner detrimental to the interests of the bank

B. where the customer regularly draws cheques without sufficient balance in the bank

C. where the customer issues cheques and frequently stops payment of cheques

D. where the account is continually going into an unarranged draft

E. when a customer abuses a staff member in some way

Detailed Solution for RBI Grade B Mock Test - 6 - Question 3
In all the cases mentioned above, the bank can chose to close the customer's account. The Code of Banking Practice states that a bank will not normally close a customer's account until it has provided at least 14 days' notice. In some limited circumstances, however, a bank can close your account without giving you any notice. This might include if the customer has acted illegally, or has breached the bank's terms and conditions, or has acted abusively towards bank staff.
RBI Grade B Mock Test - 6 - Question 4
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According to the Defence Ministry India has successfully test-fired missile system named _______________
Detailed Solution for RBI Grade B Mock Test - 6 - Question 4
The Defence Research and Development Organisation (DRDO) and Indian Army successfully test-fired the Pinaka Mk-I (Enhanced) Rocket System (EPRS) and Pinaka Area Denial Munition (ADM) rocket systems.

A total of 24 EPRS rockets were fired for different ranges & the weapons met the required accuracy and consistency.

RBI Grade B Mock Test - 6 - Question 5
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RBI is managed by a Board which consists of

A. a Governor

B. four Deputy Governors

C. other directors

D. members nominated by the Central Government
Detailed Solution for RBI Grade B Mock Test - 6 - Question 5
The Central Board of Directors governs the affairs of the RBI. The Board consists of Official Directors (Governor and not more than four Deputy Governors) and Non-Official Directors (ten Directors from various fields, one government official and each of the Directors of the four Local Boards) who are appointed by the Government of India for a period of four years.
RBI Grade B Mock Test - 6 - Question 6
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Which among the following country’s army has successfully conducted test flight of ballistic missile Shaheen-III?
Detailed Solution for RBI Grade B Mock Test - 6 - Question 6
Pakistan’s Army conducted a successful flight test of the surface-to-surface medium-range ballistic missile Shaheen-III.

To revalidate various design and technical parameters of the weapon system.

Shaheen-III is a surface-to-surface ballistic missile with a range of 2,750 kilometres, which makes it capable of reaching the farthest point in India's northeast and Andaman and Nicobar Islands.

RBI Grade B Mock Test - 6 - Question 7
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The Union Budget 2018 set the fiscal deficit target for 2018-19 at
Detailed Solution for RBI Grade B Mock Test - 6 - Question 7
The fiscal deficit target for 2018-19 was fixed at 3.3% of the gross domestic product (GDP) to accommodate higher demand for expenditure against the earlier target of 3%.
RBI Grade B Mock Test - 6 - Question 8
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As per the recent report, Community museum has been inaugurated in Gya - Sasoma villages of which among the following district?
Detailed Solution for RBI Grade B Mock Test - 6 - Question 8
The Chairman/CEC, LAHDC Leh, Adv. Tashi Gyalson inaugurated the Community Museum at Sasoma village in Gya, Leh, Ladakh. in the direction of preserving and forwarding its rich cultural heritage to future generations.

The Community Museum is a joint collaboration between National Museum Institute (NMI), New Delhi and Ladakh Autonomous Hill Development Council (LAHDC), Leh, Ladakh.

RBI Grade B Mock Test - 6 - Question 9
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Consider the following statements and choose the correct option:

Statement I: Digital India is a program to transform India into a digitally empowered society.

Statement II: Digital India is a program to institute smart cities.
Detailed Solution for RBI Grade B Mock Test - 6 - Question 9
Digital India is a programme to transform India into digital empowered society and knowledge economy. It is not a program to institute only smart cities but also villages. The vision of Digital India is focussed on the following

1) Infrastructure as Utility to Every Citizen

2) Governance and Services on Demand

3) Digital Empowerment of Citizens

RBI Grade B Mock Test - 6 - Question 10
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The Union Government has crossed its asset monetization worth Rs.__________ crore for FY22, surpassing the target of Rs.88,000 crore.
Detailed Solution for RBI Grade B Mock Test - 6 - Question 10
The Centre has completed asset monetisation worth Rs 96,000 crore during FY22, surpassing the target of Rs 88,000 crore.

For FY23, it has set itself a goal of Rs 1.62 trillion, and already has a pipeline of assets worth Rs 1.6 trillion under advanced stages of implementation

Union Finance Minister Nirmala Sitharaman has reviewed the progress made by several ministries and nudged departments to achieve the targets set for them.

RBI Grade B Mock Test - 6 - Question 11
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Operation Greens was announced in the Union Budget 2018-19. Which among the following statements regarding 'Operation Greens' is NOT true?
Detailed Solution for RBI Grade B Mock Test - 6 - Question 11
The government aims to focus on basic ingredients and not on additional commodities in agriculture.
RBI Grade B Mock Test - 6 - Question 12
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The Indian Air Force has signed an MOU with which among the following IIT to accelerate indigenisation efforts for Atma Nirbhar Bharat?
Detailed Solution for RBI Grade B Mock Test - 6 - Question 12
The Indian Air Force (IAF) and Indian Institute of Technology (IIT) Madras signed a memorandum of understanding (MoU) for technology development and finding indigenous solutions towards the sustenance of various weapon systems.

To accelerate IAFs indigenisation efforts for achieving ‘Atmanirbhar Bharat’.

The MoU was signed by Air Commodore S Bahuja, Command Engineering Officer (Systems), Headquarters Maintenance Command, IAF and Professor H.S.N. Murthy, Head of Department Aerospace Engineering IIT Madras, at Air Force Station, Tughlakabad, Delhi.

RBI Grade B Mock Test - 6 - Question 13
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Which of the following fall under Tier II capital provisions?

A. Paid-up capital

B. Revaluation reserves

C. Loan loss reserves

D. Free reserves

E. Undisclosed reserves
Detailed Solution for RBI Grade B Mock Test - 6 - Question 13
Tier II capital represents "supplementary capital" such as undisclosed reserves, revaluation reserves, general loan loss reserves, hybrid (debt/equity) capital instruments, and subordinated debt.
RBI Grade B Mock Test - 6 - Question 14
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India’s 1st Internet Radio has named as_____________ for Visually Challenged persons launched in Nagpur, Maharashtra
Detailed Solution for RBI Grade B Mock Test - 6 - Question 14
Country's first-ever radio channel for the visually impaired, named 'Radio Aksh' has been launched in Nagpur, with the Blind Relief Association Nagpur and Samdrushti Kshamata Vikas Avam Anusandhan Mandal (Saksham) serving as the pioneers of the concept that will help the visually-impaired gain seamless access to education resources and audiobooks.
RBI Grade B Mock Test - 6 - Question 15
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Which of the following made the initial contribution for setting up Financial Inclusion Fund and Financial Inclusion Technology Fund?
Detailed Solution for RBI Grade B Mock Test - 6 - Question 15
FIF and FITF were established in the year 2007-2008 over a period of five years. Its Initial corpus was 500 crore and the Contribution of GOI, RBI, and NABARD was in the ratio 40 : 40 : 20.

RBI framed guidelines for both these funds. It merged both funds into a single entity named FIF and came into effect in 2016.

RBI Grade B Mock Test - 6 - Question 16
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The Transgender Day of Visibility, an international awareness day has been observed on March 31. It was first celebrated on which among the following year?
Detailed Solution for RBI Grade B Mock Test - 6 - Question 16
The Transgender Day of Visibility (TDOV) is an international awareness day is observed on March 31, honoring transgender and gender nonconforming people's achievements and resilience.

Its goal is to raise awareness about the work that has to be done to establish equity and justice for third-gender people.

Rachel Crandall of Michigan, United States, a transgender activist, launched the day in 2009 as a response to transgender people's poor recognition and acceptance.

RBI Grade B Mock Test - 6 - Question 17
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Consider the following statements regarding Repo Rate:

A. It is the rate at which RBI lends money to Commercial Banks generally against Government Securities.

B. It is the rate at which RBI borrows money from Commercial Banks generally against Government Securities.

C. It is the rate at which Commercial Banks keep deposits with RBI.

D. Reduction in Repo Rate helps commercial banks to get money at cheaper rates.

Which of the above mentioned statements are NOT correct?
Detailed Solution for RBI Grade B Mock Test - 6 - Question 17
Repo Rate is the rate at which RBI lends to its clients generally against Government Securities. Reduction in Repo Rate helps Commercial Banks to get money at a cheaper rate and increase in Repo Rate discourages Commercial Banks to get money as the rate increases and becomes expensive.
RBI Grade B Mock Test - 6 - Question 18
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The President Ram Nath Kovind has conferred the National Water Awards 2022. Which among the following state is achieved the Best state category?
Detailed Solution for RBI Grade B Mock Test - 6 - Question 18
The President of India, Shri Ram Nath Kovind will felicitate the winners of the 3rd National Water Awards at Vigyan Bhawan, New Delhi.

The President will also launch the Jal Shakti Abhiyan: Catch the Rain campaign 2022 during the event.

Catch the Rain campaign will continue to be implemented this year till 30th November 2022.

List of winners of 2022 National Water Awards:

In the Best State category:

1. Uttar Pradesh

2. Rajasthan

3. Tamil Nadu

RBI Grade B Mock Test - 6 - Question 19
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In real on-line banking, transactions are entered through the terminal and

A. recorded immediately, but updates are done later on

B. recorded immediately, but authentication, verification and updates are done later on

C. then they are recorded, verified, authenticated and corresponding updates are reflected instantly
Detailed Solution for RBI Grade B Mock Test - 6 - Question 19
The process of online banking follows this process. Transactions are entered through the terminal and then they are recorded, verified, authenticated and corresponding updates are reflected instantly.
RBI Grade B Mock Test - 6 - Question 20
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Rashtriya Sanskriti Mahotsav 2022 has been inaugurated at Raja mahendravaram in Andhra Pradesh in the presence of which among the following Union Ministry?
Detailed Solution for RBI Grade B Mock Test - 6 - Question 20
Under the Azadi Ka Amrit Mahotsav, the Mega festival, Rashtriya Sanskriti Mahotsav 2022 was inaugurated in Arts college Ground, RAJAMAHENDRAVARAM, Andhra Pradesh by Governor, Andhra Pradesh Shri Biswa Bhusan Harichandan in the presence of Union Minister for Culture, Tourism and DoNERShri G. K Reddy.

Several other dignitaries including Sri M.Srinivasa Rao Minister of Tourism and Culture, AP, Minister of State Shri Venu Gopal Krishna were present on the occasion.

RBI Grade B Mock Test - 6 - Question 21
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Time value of money means
Detailed Solution for RBI Grade B Mock Test - 6 - Question 21
All the above statements are correct with regard to 'time value of money'.
RBI Grade B Mock Test - 6 - Question 22
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In 2021, what is the amount of bilateral trade between India and China?
Detailed Solution for RBI Grade B Mock Test - 6 - Question 22
Bilateral trade between India and China crossed 125 billion USD in 2021. Despite a protracted border standoff, Two-way trade between India and China in 2021 stood at 125.66 billion USD, up 43.3% from 2020 when bilateral trade was worth 87.6 billion USD.

In 2021, China’s exports to India were 97.52 billion USD, up 46.2%, while China imported 28.14 billion USD worth of goods from India, up 34.2%, according to statistics released by the General Administration of Customs (GAC).

RBI Grade B Mock Test - 6 - Question 23
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The data/information provided by a credit information company to member banks is called
Detailed Solution for RBI Grade B Mock Test - 6 - Question 23
The Credit Information Bureau of India Ltd. (CIBIL) consolidates the information on individual borrowers' credit history, sourced from different member credit institutions such as banks, credit card companies, and NBFCs, into a single report called the CIR.
RBI Grade B Mock Test - 6 - Question 24
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Which of the following books was authored by recently passed Padma Shri Awardee Major Hari Pal Singh Ahluwalia?
Detailed Solution for RBI Grade B Mock Test - 6 - Question 24
Padma Shri recipient and founder of the Indian Spinal Injuries Center Major HPS Ahluwalia passed away at the age of 85. Major Hari Pal Singh Ahluwalia was an Indian mountaineer, author, social worker and retired Indian Army officer. During his career he made contributions in the fields of adventure, sports, environment, disability and social work. He was the Chairman of Indian Spinal Injuries Center.

He has written thirteen books including two on Everest - “Higher than Everest” and “Faces of Everest”.

RBI Grade B Mock Test - 6 - Question 25
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RBI undertakes Government business. Which among the following statements is not correct in this connection?
Detailed Solution for RBI Grade B Mock Test - 6 - Question 25
Ways and Means Advances (WMA) is a mechanism used by Reserve Bank of India (RBI) under its credit policy by which it provides help to the States to tide over temporary mismatches in the cash flow of their receipts and payments.
RBI Grade B Mock Test - 6 - Question 26
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As per the MoSDE, the Gross Enrollment Ratio in higher education including vocational education will be increased by 50% in which year?
Detailed Solution for RBI Grade B Mock Test - 6 - Question 26
The Ministry of Skill Development & Entrepreneurship signed a MoU with Indira Gandhi Open University (IGNOU) to further strengthen the vocational and technical training framework. The partnership aims to link vocational education and training with higher education, making India’s youth employable by creating avenues for them to access better work opportunities. This MoU is in alignment with the Sustainable Development Goal 4.4 and the National Education Policy (NEP) 2020 for increasing Gross Enrollment Ratio (GER) in higher education including vocational education to 50 % by 2035.
RBI Grade B Mock Test - 6 - Question 27
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Consider the following statements:

A. CDs are discounted instruments that are issued at discounted prices and redeemed at par value.

B. The tenor of issue can range from 7 days to 5 years.

C. CDs can be issued to individuals, corporations, companies, trusts, etc.

D. Non-Resident Indians cannot subscribe to CDs.

Which of the above statements are NOT true?
Detailed Solution for RBI Grade B Mock Test - 6 - Question 27
The tenor of the issue can range from 7 days to 1 year. Non-Resident Indians may also subscribe to CDs. However, they are mainly subscribed to by banks, mutual funds, provident and pensions funds and insurance companies.
RBI Grade B Mock Test - 6 - Question 28
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Former Member of Parliament S.K.Paramasivan passed away recently. Which state does he belonged to?
Detailed Solution for RBI Grade B Mock Test - 6 - Question 28
In Tamil Nadu, Former Member of Parliament S.K.Paramasivan passed away in Tiruchengode at the age of 103.

S.K. Paramasivan was born on 26 February 1919 in Chinniampalayam, Erode.

He was elected to the Lok Sabha from 1962 to 1967.

He has also held several positions like the head of Sinniyampalayam Milk Producers' Cooperative Bank for 35 years and Erode District Milk Producers' Cooperative Union for 4 years.

RBI Grade B Mock Test - 6 - Question 29
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Consider the following statements concerning environmental pollution:

A. Nuclear explosions cause radioactive decay.

B. Acid rain is not a major environmental issue.

C. Earthquakes do not cause Tsunamis.

D. Air pollution has some impact on meteorology.

Which of the above statements are correct?
Detailed Solution for RBI Grade B Mock Test - 6 - Question 29
Nuclear explosions produce radiation and radioactive debris. Any nuclear explosion would have wide-ranging, long-term, catastrophic effects that could threaten the survival of humankind. Radioactive contamination would cause genetic mutations and cancer across many generations.

Acid rain directly impacts forest ecosystems and their inhabitants. It can cause health problems in people. The ecological effects of acid rain are most clearly seen in aquatic environments, such as streams, lakes, and marshes where it can be harmful to fish and other wildlife. By far, the most destructive Tsunamis are generated from large, shallow earthquakes with an epicentre or fault line near or on the ocean floor. The air pollution affects the meteorological conditions. It increases the temperature of the atmosphere, thereby altering the overall climate of the place.

RBI Grade B Mock Test - 6 - Question 30
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Which Ship Builders in India has delivered the three Floating Border Out-Post vessels to the Border Security Force?
Detailed Solution for RBI Grade B Mock Test - 6 - Question 30
The Cochin Shipyard Limited (CSL) delivered the three Floating Border Out-Post (FBOPs) vessels to the Border Security Force (BSF).

With this, the Shipyard has delivered six vessels out of nine FBOPs being built for the BSF.

The vessels, which were flagged off on Republic Day from Kochi, reached the area of operations for deployment at the waters in Sundarbans near the Indo-Bangladesh border.

CSL General Manager A Sivakumar signed the delivery and protocol documents with Kumal Mazumdar, the DIG of BSF, in a function held at Kolkata.

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