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

21. 'Federal Reserve' is the Central Bank of which of the following countries?

Correct Answer: (5) USA

Solution:The twelve Federal Reserve Banks form a major part of the Federal Reserve System, the central banking system of the United States.

22. The Y. H. Malegam Committee which submitted its report a few months back was set up to report on further improvement of functioning of -

Correct Answer: (1) Micro Finance Institutions

Solution:The Reserve Bank of India in October 2010 set up a Sub- Committee of its Central Board of Directors to study the issues and concerns in microfinance sector, under the Chairmanship of Shri Y H Malegam, a senior member on the Reserve Bank's Central Board of Directors.

23. The Comptroller and Auditor General (CAG) of India recently got appointed as External Auditor of which of the following organizations/agencies?

Correct Answer: (4) IAEA and WIPO

Solution:The Comptroller and Auditor General of India (CAG) has been appointed as external auditor of two major UN organisations, the Vienna-based International Atomic
Energy Agency (IAEA) and the Geneva-based World Intellecttual Property Organisation (WIPO).

24. 'Special Drawing Rights' are the rights of countries provided by-

Correct Answer: (2) IMF

Solution:The SDR was created by the IMF in 1969 to support the Bretton Woods fixed exchange
rate system.

25. Indian citizens are allowed to invest overseas freely except in-

Correct Answer: (5) Pakistan

Solution:Investment in Pakistan is not allowed under the Automatic route.

26. Who among the following rep- resented India in first South Asia Forum Meeting held in September 2011?

Correct Answer: (5) (2) and (3)

Solution:Indian participants included Foreign Secretary Ranjan Mathai, former Foreign Secretary Lalit Man Singh, Sikkim University Vice Chancellor Dr Mahendra Lama, former SAARC Secretary General Sheel Kant Sharma, National Planning
Commission Deputy Chairman Montek Singh Ahluwalia, FICCI President Harsh
Mariwala and some other government and non-government professionals.

27. Which of the following schemes is launched by the Government of India to make Indian cities free from hutments and slums?

Correct Answer: (2) Rajiv Awas Yojana

Solution:Rajiv Awas Yojana (RAY)

28. Which of the following is the largest producer of chemical fertilizers in the world?

Correct Answer: (5) China

Solution:In the late 1990's, China became the world's largest producer, consumer, and importer
of chemical fertilizers.

29. Which of the following is the abbreviated name of the programme launched by the Government of India for developing desert areas?

Correct Answer: (3) DDP

Solution:The Desert Development Programme (DDP) was launched by the Ministry of
Rural Development, Government of India during the year 1995-96.

30. Who among the following are the two economists who got Nobel Prize in 2011 for their contribution in Economics?

(1) Thomas J. Sargent and Christopher A. Sims
(2) Peter A. Diamond and Thomas J. Sargent
(3) Christopher A. Sims and Dale T. Mortensen
(4) Olliver O. Williamson and Amratya Sen
(5) None of these

Correct Answer: (1) Thomas J. Sargent and Christopher A. Sims

Solution:Americans Thomas Sargent and Christopher Sims have shared the 2011 Nobel prize in
economics for providing ways to understand the impacts of policy changes or shocks like surging oil prices on output, inflation or employment.