RBI GRADE ‘B’ OFFICER’S EXAM Held on : 18.12.2011 (Part-I)

41. Lack of access to financial services is technically known as-

Correct Answer: (4) financial exclusion

Solution:Financial exclusion is the unavailability of banking services to people living in poverty.

42. Which of the following is NOT one of the major functions of the National Bank for Agricultural and Rural Development (NABARD)?

(1) Acting as a regulator for cooperative banks and RRBs
(2) Extending assistance to the government and others in matters relating to rural development
(3) Providing refinance to lending institution in rural areas
(4) Acting as a coordinator in the operations of rural credit institutions
(5) Review of monetary and credit policy

Correct Answer: (5) Review of monetary and credit policy

Solution:

The Reserve Bank of India is the main monetary authority of the country.

43. As we all know Banks in India are required to maintain a portion of their demand and time liabilities with the Reserve Bank of India. This portion is called -

Correct Answer: (1) Statutory Liquidity Ratio

Solution:The ratio of liquid assets to demand and time liabilities is known as Statutory Liquidity
Ratio (SLR).

44. Banks in their daily business face various kinds of risks. Which of the following is one such major risk ?

Correct Answer: (5) Operational risk

Solution:An operational risk is, as the name suggests, a risk arising from execution of a
company's business functions.

45. Which of the following schemes was launched by the RBI in 2004 under which Government of India dated Securities/Treasury Bills could be issued to absorb surplus/durable liquidity?

Correct Answer: (3) Market Stabilisation Scheme

Solution:A new market stabilisation scheme (MSS) was announced to take care of the shortage of government securities.

46. How much amount (in crores) was allocated for raising credit to the farmers in the Union Budget 2011-12?

Correct Answer: (1) ₹475000 crores

Solution:Credit flow for farmers was raised from Rs. 3,75000 crore to Rs. 4,75000 crore in 2011-12.

47. What does the letter 'M' denote in the name 'MFI' as used in financial sector?

Correct Answer: (1) Mini

Solution:A microfinance institution (MFI) is an organization that provides financial services to
the poor.

48. The Government of India has created a women's Setf Help Group Development Fund so that it can reduce their interest burden. What is the size of the fund?

Correct Answer: (5) ₹500 crores

Solution:It has a a corpus of Rs. 500 crore.

49. Which of the following is NOT a programme launched by the Government of India?

(1) Sarva Shiksha Abhiyan
(2) Rastriya Krishi Vikas Yojana
(3) Accelerated Irrigation Benefit Programme
(4) National Rural Livelihood Mission
(5) Jeevan Anand Yojana

Correct Answer: (5) Jeevan Anand Yojana

Solution:A Yojana of Life Insurance Corporation, this plan is a combination of Endowment
Assurance and Whole Life plans.

50. Which of the following schemes is launched to provide prenatal and postnatal care to mother and child?

(1) National Mission for Protein Supplements
(2) Initiative on Vegetable Clusters
(3) Promotion of Nutri Cereals
(4) Jan Mitra Yojana
(5) Janani Suraksha Yojana

Correct Answer: (5) Janani Suraksha Yojana

Solution:Janani Suraksha Yojana under the National Rural Health Mission (NRHM) is being proposed by way of modifying the existing National Maternity Benefit Scheme
(NMBS).