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

31. Which country hosted the 2014 FIFA World Cup?

Correct Answer: (2) Brazil

Solution:The 2014 FIFA World Cup was the 20th FIFA World Cup which took place in Brazil during June-July 2014. Germany won the tournament and took its fourth title by defeating Argentina 1-0 in the final.

32. Which state has highest number of ministers in the Modi Cabinet?

Correct Answer: (2) Uttar Pradesh

Solution:Narendra Modi council of ministers has 45 members, including cabinet, MoS and MoS (Independent) lawmakers. Uttar Pradesh and Maharashtra got the highest representation with 9 and 6 berths each, BJP bagged 73 out of 80 seats along with its ally Apna Dal in Uttar Pradesh.

33. FDI in private banking sector of India is allowed up to

Correct Answer: (4) 74 %

Solution:FDI in private banking sector of India is allowed up to 74% where FDI up to 49% is allowed through automatic route and FDI beyond 49% but up to 74% is allowed through government approval route. This 74% limit will include investment under the Portfolio Investment Scheme (PIS) by FIIs, NRIs and shares acquired prior to September 16, 2003.

34. The Reserve Bank of India recently delayed launch of Rs. 10 plastic currency notes in five cities selected for their geographical and climatic diversity. Which of the following is among those cities?

Correct Answer: (1) Shimla

Solution:The selected cities are Kochi, Mysore, Jaipur, Shimla and Bhubaneswar. Plastic notes have an average life span of about five years and are difficult to imitate. Also, currency notes made of plastic are cleaner than paper notes.

35. How many women candidates won the recently held 2014 Lok Sabha elections?

Correct Answer: (4) 61

Solution:In the current elections, 61 women have secured seats in Lok Sabha. This is the highest ever number of seats won by women ever and comprises 11.23 per cent of the total 543 seats. The lowest ever was in 1977 when only 19 women representatives won elections.

36. BIFR is a financial word dealing with

Correct Answer: (2) Sick industrial companies

Solution:The Board for Industrial and Financial Reconstruction (BIFR) aims to determine sickness of industrial companies and to assist in reviving those that may be viable and shutting down the others. It was established under The Sick Industrial Companies (Special Provisions) Act, 1985 (SICA).

37. 'A Tale of Two Cities' was authored by

Correct Answer: (4) Charles Dickens

Solution:A Tale of Two Cities (1859) is a novel by Charles Dickens, set in London and Paris before and during the French Revolution. With well over 200 million copies sold, it ranks among the most famous works in the history of literary fiction.

38. Which of the following recently started operations in Mumbai?

Correct Answer: (1) Metro rail

Solution:Mumbai Metro began operations in June 2014. This is India's first metro railway project implemented on a public-private partnership model by a consortium headed by RInfra since 2007, at a total cost of around Rs 4,300 crore.

39. Who among the following cannot nominate in a bank?

Correct Answer: (3) Minor

Solution:A minor cannot nominate either directly or through its guardian. However, a minor can be a nominee. In such a case, the guardian will sign on behalf of the nominee. Nomination can be made only by individuals holding beneficiary accounts either singly or jointly.

40. With which of the following is FMC related in financial parlance?

Correct Answer: (1) Commodity futures markets

Solution:The Forward Markets Commission (FMC) is the chief regulator of commodity futures markets in India. As of July 2014 for the year 2014-15, it regulated Rs 17 trillion worth of commodity trades in India. It is headquartered in Mumbai and this financial regulatory agency is overseen by the Ministry of Finance.