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

31. Which of the following is NOT a major function of the RBI in India ?

(1) Issuance of currency notes
(2) To facilitate external trade and payment and developing a foreign exchange market in India
(3) Maintaining price stability and ensuring adequate flow of credit to productive sectors
(4) Taking loans/credit from World Bank/IMF and ADB etc. and reallocating it for various activities decided by the Govt. of India
(5) Formulation and monitoring the monetary and credit policy

Correct Answer: (4) Taking loans/credit from World Bank/IMF and ADB etc. and reallocating it for various activities decided by the Govt. of India

Solution:Taking loans/credit from World Bank/IMF and ADB etc. and reallocating it for various ac- tivities are decided by the Gov- ernment of India

32. The RBI has regional offices at various places. At which of the following places it does not have an office ?

Correct Answer: (1) Kota

Solution:Regional offices of RBI : Srinagar, Jammu, Shimla, Chandigarh, New Delhi, Dehradun, Jaipur, Lucknow, Gangtok, Guwahati, Patna, Kanpur, Ahmedabad, Bhopal, Ranchi, Kolkata, Raipur, Nagpur, Belapur, Mumbai, Hyderabad, Bhubaneswar, Panji, Chennai, Kochi, Thiruvananthapuram, Bengluru.

33. Which of the following organizations/agencies has given a US $ 407 billion loan to India to boost up its micro finance services in unbanked areas ?

Correct Answer: (2) World Bank

Solution:World Bank

34. The Prime Minister's Economic Advisory Council (PMEAC) has projected that the Indian Exports will grow by what percentage during 2010-11 ?

Correct Answer: (3) 22%

Solution:India's exports are projected to grow by about 22 percent to $216 billion in the year 2010-11.

35. Which of the following organizations / agencies has given the estimate that the India will be third largest FDI recipient in 2010-12 ?

Correct Answer: (1) UNCTAD

Solution:UNCTAD : The United Nations Conference on Trade and Development.

36. The performance of which of the following industries is considered performance of a core industry ?

Correct Answer: (4) Oil and Petroleum

Solution:Oil and Petroleum

37. Who amongst the following is NOT a recipient of Nobel Prize in economics ?

Correct Answer: (5) Robert G. Edwards

Solution:Robert G. Edwards is a Nobel Prize winner in the field of medicine.

38. Basel Committee has given its recommendations on which of the following aspects of banking operations ?

Correct Answer: (3) Risk Management

Solution:Risk Management

39. Which of the following is the rank of India in Human Development Report 2010 prepared by the UNO ?

Correct Answer: (4) 119

Solution:According to the United Nations Human Development Report, released on November 4, 2010, eight Indian States are home to 421 million poor people,
more than the figure of 410 million in 26 poorest African countries.

40. Which of the following was/ were the key objectives of the RBI's review of Monetary and Credit Policy 2010-11 which was reviewed again on 2nd November 2010 ?

(A) To sustain the anti inflationary thrust.

(B) To maintain an interest rate regime consistent with price.

(C) To provide extra tax incentives to exporters who were in stress due to market fluctuations.

Correct Answer: (3) Only (A) & (B)

Solution:Only (A) & (B)