RBI OFFICER GRADE ‘B’ PHASE-I EXAM Held on : 03.08.2014(Part-I)

Total Questions: 50

21. What is Capital Market?

Correct Answer: (5) All of the above
Solution:Capital markets are financial markets for the buying and selling of long-term debt or equity-backed securities. These markets channel the wealth of savers to those who can put it to long-term productive use, such as companies or governments making long-term investments. They are almost invariably hosted on computer-based electronic trading systems.

22. Which of the following taxes are levied by the State Governments in India?

Correct Answer: (5) All of the above
Solution:Value Added Tax (VAT), stamp duty, state excise, land revenue and profession tax are levied by the State Governments. Local bodies are empowered to levy tax on properties, Octroi and for utilities like water supply, drainage etc.

23. Name the actor who played the role of Mr. Bean in the popular serial that goes by the same name?

Correct Answer: (4) Rowan Atkinson
Solution:Mr. Bean is a British television programme series of fourteen 25-minute episodes written by and starring Rowan Atkinson as the title character. The series has been the recipient of a number of international awards, including the Rose d'Or.

24. Who was the lead actor in the movie 'Kochadaiyaan: The Legend'?

Correct Answer: (4) Rajnikanth
Solution:Kochadaiiyaan (The king with a long, curly mane) is a 2014 Indian Tamil historical fiction-action film with Rajinikanth in the lead role. Deepika Padukone performed the female lead, whilst Aadhi and Jackie Shroff performed supporting characters.

25. Who is the newly appointed CEO of Infosys?

Correct Answer: (1) Vishal Sikka
Solution:The Infosys Board of Directors recently announced the selection of Dr. Vishal Sikka as the Chief Executive Officer and Managing Director (CEO & MD) of the company. The Board also elevated Mr. U.B. Pravin Rao as Chief Operating Officer, with effect from June 14, 2014.

26. Which among the following is not related to Foreign Exchange Management in India?

Correct Answer: (1) MRTP
Solution:The Monopolistic and Restrictive Trade Practices Act, 1969, was enacted to ensure that the operation of the economic system does not result in the concentration of economic power in hands of few. Foreign Exchange Management Act (FEMA), Foreign Ex-change Regulation Act (FERA) and Prevention of Money Laundering Act (PMLA) are all related to foreign exchange

27. What is the rate used to convert Indian Rupee into United States Dollar?

Correct Answer: (4) Exchange Rate
Solution:In finance, an exchange rate (foreign-exchange rate) between two currencies is the rate at which one currency will be exchanged for another. It is also regarded as the value of one country's currency in terms of another currency.

28. International Women's Day is celebrated on

Correct Answer: (2) 8 March
Solution:International Women's Day (IWD), also called International Working Women's Day, is celebrated on March 8 every year. The earliest Women's Day observance was held on February 28, 1909, in New York.

29. Which among the following is a key anchor in Economic and Financial Stability?

Correct Answer: (5) All of the above
Solution:Reserve Bank of India Governor Raghuram Rajan recently wrote in the RBI's financial stability report that Fiscal consolidation, predictable taxes and low inflation are key anchors that India needs for economic and financial stability.

30. Who among the following doesn't have nomination facility?

Correct Answer: (5) All of the above
Solution:Individuals holding accounts either singly or jointly can make nomination. Non-individuals including society, trust, body corporate, karta of Hindu undivided family (HUF), holder of power of attorney cannot nominate. The nominee appointed has to be a individual only.