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

Total Questions: 50

41. Infrastructure bonds are issued by government or nongovernment institutions to fund projects related to

Correct Answer: (5) All of the above
Solution:Infrastructure bonds are issued by government or nongovernment institutions to fund crucial infrastructure projects related to transportation, electricity generation and other public facilities. These developments are of immense importance from countries economic growth perspective.

42. Balance of payment transactions are made by

Correct Answer: (5) All of the above
Solution:Balance of Payment (BoP) of a country is defined as the record of all economic transactions between the residents of a country and the rest of the world in a particular period. These transactions are made by individuals, firms and government bodies.

43. With which Indian Group did Malaysian Airlines 'Air Asia' recently join hands?

Correct Answer: (3) Tata Sons
Solution:Asia's biggest low-cost carrier, the Kuala Lumpur-based AirAsia recently joined hands with Tata Sons and Telestra Tradeplace to launch a new airline in India. Air-Asia will have 49% stake, Tatas 30% and Bhatia will hold 21% in the company, which will be head-quartered in Chennai.

44. Which of the following is an Intangible Asset?

Correct Answer: (4) Patents
Solution:Intangible Asset is an asset that is not physical in nature. Corporate intellectual property (items such as patents, trademarks, copyrights, business methodologies), goodwill and brand recognition are all common intangible as-sets in today's marketplace.

45. What is the total number of languages on currency notes issued by the Reserve Bank of India?

Correct Answer: (4) 17
Solution:Each banknote has its amount written in 17 languages. On the obverse, the denomination is writ-ten in English and Hindi. On the reverse is a language panel which displays the denomination of the note in 15 of the 22 official languages of India.

46. 'BIS' in the context of banking stands for

Correct Answer: (1) Bank for International Settlements
Solution:The Bank for International Settlements (BIS) is an international organization of central banks which "fosters international monetary and financial cooperation and serves as a bank for central banks." It is based in Basel, Switzerland.

47. In the recent past, which of the following received business licence from the Reserve Bank of India to set up banks?

Correct Answer: (5) Both 2 and 3
Solution:The Reserve Bank of India (RBI), in April 2014, gave in-principle approvals to infrastructure financier IDFC Ltd and micro-lender Bandhan Financial Services Pvt. Ltd to start new banks-only the third set of private sector lenders it would be licensing in two decades

48. Which of the following is not correct regarding WTO?

Correct Answer: (3) It is headquartered in Paris
Solution:The World Trade Organization (WTO) is headquartered in Geneva, Switzerland. It commenced on 1 January 1995 under the Marrakech Agreement, replacing the General Agreement on Tariffs and Trade (GATT), which commenced in 1948.

49. Which of the following is not included in the World Bank Group?

Correct Answer: (2) International Monetary Fund (IMF)
Solution:The World Bank Group comprises International Bank for Re construction and Development (IBRD), International Finance Corporation (IFC), International Development Association (IDA), International Centre for Settlement of Investment Disputes (ICSID), and Multilateral Investment Guarantee Agency (MIGA). The term "World Bank" generally refers to just the IBRD and IDA, whereas the term World Bank Group or WBG is used to refer to all five institutions collectively.

50. Which variety of mango from India was recently banned by the European Union?

Correct Answer: (3) Alphonso
Solution:The 28-member European Union, in April 2014, temporarily banned the import of Alphonso mangoes, the king of fruits, and four vegetables (eggplant, the taro plant, bitter gourd and snake gourd) from India. 207 consignments of fruits and vegetables from India imported into the EU in 2013 were found to be contaminated by pests such as fruit flies and other quarantine pests.