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

Total Questions: 50

11. Which of the following issues was/is an issue in World Trade Organisation on which India and few other countries were having all together different views than developed countries?

Correct Answer: (1) Subsidies and Government procurement policy
Solution:In Agriculture, it remains critical to India and other developing countries' collective
interests that the trade-distorting subsidies and protection provided by a few developed countries are eliminated so that a level playing field is established.

12. Who among the following is the Head of the National Manufacturing Competitiveness Council, reconstituted recently?

Correct Answer: (3) Shri V. Krishnamurthy
Solution:V Krishnamurthy

13. Which of the following nations is a member of G-8?

Correct Answer: (4) South Sudan
Solution:Members of G-8 : Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States and Russia.

14. Dr. Manmohan Singh recently addressed UN General Assembly. Which of the following was the major issue which he emphasized in his speech?

Correct Answer: (3) Democratic Rights in Gulf Countries
Solution:The Prime Minister said:
"There has been unprecedented social and political upheaval in West Asia, the
Gulf and North Africa. People of these regions are demanding the right to shape their
own future......."

15. Which of the following is called "Robinhood Tax" and was in news during recent Summit of G-20 nations?

Correct Answer: (4) Tobin Tax
Solution:The Robin Hood tax commonly refers to a package of financial transaction taxes
(FTT), proposed by a campaigning group of civil society NGOs.

16. The Approach Paper of 12th Five Year Plan got approval of the Union Cabinet recently. Which of the following is added for the first time in approach papers?

Correct Answer: (2) Corruption, Transparency and Governance
Solution:The theme of the Approach Paper to the 12th Five Year Plan is faster, sustainable and
more inclusive growth. For the first time in the history of the Five Year Plans the Approach Paper has a chapter on governance and corruption.

17. A huge reserve of gas was explored recently in Northern Rashidpur Gas Fields of -

Correct Answer: (2) Bangladesh
Solution:Energy-starved Bangladesh, in September 2011, announced discovery of a new
one trillion cubic feet (TCF) gas reserve in its northern Rashidpur field

18. Which of the following agencies recently conducted a Pollution Survey of various cities across the world and found out that cities in India, Iran, Pakistan and Mongolia are the most polluted cities in the world?

Correct Answer: (5) World Health Organisation
Solution:World Health Organisation's first global survey of fine particle pollutants said US
and Canadian towns are among cleanest.

19. The Central Banks of five developed countries recently came together and decided to provide unlimited dollar loans to banks in their areas. What was the purpose of the same?

Correct Answer: (2) Ease growing tensions in the Euro zone's financial sector
Solution:The world's top five central banks jointly took measures to offer U.S. dollar liquidity to
European banks to ease the dollar shortage.

20. Which of the following is a payment and settlement system used by the banks in India?

Correct Answer: (2) Real Time Gross Settlement
Solution:Real time gross settlement systems (RTGS) are funds transfer systems where transfer of money or securities takes place from one bank to another on a “real time” and
on "gross" basis.