RBI GRADE ‘B’ OFFICER’S EXAM Held on : 06.02.2011 (Part-I)

21. As per existing law, what is the minimum per day wages paid to a worker from unorgansied sector in India ?

Correct Answer: (3) ₹ 100

Solution:₹100

22. Who amongst the following was awarded the "Indira Gandhi Peace Prize" for 2010 ?

Correct Answer: (2) Luiz Inacio Lula D' Silva

Solution:Luiz Inacio Lula D'silva is former President of Brazil.

23. Which of the following is NOT a Poverty Eradication Programme launched by the Govt. of India ?

(1) Swarnjayanti Gram Swarozgar Yojana
(2) Jawahar Gram Samridhi Yojana
(3) National Social Assistance Programme
(4) ADHAR
(5) National Family Benefit Scheme

Correct Answer: (4) ADHAR

Solution:'ADHAR' is a unique Indentification card which was started by Prime Minister Dr. Manmohan Singh and UPA President Sonia Gandhi from Tembhli Village in Maharashtra on 29 September,

24. According to the World Bank estimate about 40% Indians are living below International Poverty line of US $ ______

Correct Answer: (1) 1 per day

Solution:1 per day

25. The 10th Trilateral Ministerial Meeting of RIC group was organized in November 2010. Who are the members of the RIC ?

Correct Answer: (2) Russia - India - China

Solution:Russia - India - China

26. India and Syria recently decided to double their trade in next 2 years, Indian Govt. has decided to export which of the following commodities to Syria ?

Correct Answer: (4) Wheat

Solution:Wheat

27. India has sanctioned a ₹ 26 million grant to which of the following countries for development of tube wells ?

Correct Answer: (5) Sri Lanka

Solution:Sri Lanka

28. Which of the following is the name of the scheme launched by the Government of India for adolescent girls ? (Launched in November 2010)

Correct Answer: (5) None of these

Solution:The Government of India launched 'Rajiv Gandhi Kishore Adhikarita Scheme' for adolescent girls on 19th November, 2010.

29. Many times we see in financial journals/bulletins a term M3. What is M3 ?

(1) Currency in circulation on a particular day
(2) Total value of the foreign exchange on a particular day
(3) Total value of export credit on a given date
(4) Total value of the tax collected in a year
(5) None of these

Correct Answer: (1) Currency in circulation on a particular day

Solution:On the recommendations of second working group of money supply, RBI started a new estimation for money, including with four components M1, M2, M₃ and M₄

M₃= Circulation of money in people + Total deposits in banks + Other deposits in Reserve Bank of India.

30. As per news in various newspapers, Govt. has allocated a huge sum of ₹ 31,000 crore for 'RTE'. What is full form of RTE ?

Correct Answer: (1) Right to Education

Solution:Right to Education (RTE) came into effect on April 1, 2010. Making elementary education an entlement for children in the 6-14 age group, the Right of Children to Free and compulsory Education Act, 2009 will directly benefit close to one crore children who do not go to school at present.