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?

(1) Subsidies and Government procurement policy
(2) G M varieties of certain crops
(3) Making Yuan as major trade currency
(4) Special treatment to NATO countries
(5) All of these

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?

(1) Shri Isher Ahluwalia
(2) Dr. Kaushik Basu
(3) Shri V. Krishnamurthy
(4) Shri G. M. Rao
(5) None of these

Correct Answer: (3) Shri V. Krishnamurthy

Solution:V Krishnamurthy

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

(1) New Zealand
(2) Libya
(3) China
(4) South Sudan
(5) Canada

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?

(1) Usefulness of multilateral lending agencies like IMF and World Bank in the present context
(2) WTO's efforts to introduce more and more G M Crops in the market
(3) Democratic Rights in Gulf Countries
(4) Mechanism to control oil prices in the world
(5) Need of strong Indo-China relations

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?

(1) Excise Duty
(2) VAT
(3) Goods and Services Tax
(4) Tobin Tax
(5) None of these

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?

(1) Growth Rate and mechanism to achieve it
(2) Corruption, Transparency and Governance
(3) Strengthening of Agriculture sector
(4) Periodical Review of Monetary policy by the Government and not by RBI
(5) All of these

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 -

(1) Bhutan
(2) Bangladesh
(3) Sri Lanka
(4) Pakistan
(5) Afghanistan

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?

(1) World Bank
(2) International Monetary Fund
(3) Asian Development Bank
(4) World Trade Organisation
(5) World Health Organisation

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?

(1) To prevent China from becoming a bigger lender than the World Bank
(2) Ease growing tensions in the Euro zone's financial sector
(3) To reinstate USA's Credit rating at AAA level from the downgraded AA+ level
(4) To create an emergency pool of dollars to provide instant help to any country in case of need
(5) None of these

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?

(1) Liquidity Adjustment Facility
(2) Real Time Gross Settlement
(3) Forward Rate Agreements
(4) Central Depository Service
(5) Negotiated Dealing System

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.

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