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

Total Questions: 50

11. The popularity of American President Barack Obama recently hit a new low with his approval ratings being the lowest since

Correct Answer: (3) Richard Nixon
Solution:According to a Washington Post/ ABC poll released in December 2013, President Barack Obama is ending his fifth year in office with the lowest approval ratings at this point in the presidency since President Richard Nixon. Obama's approval rating in the poll stood at 43%. By comparison, President George W. Bush had a 47% approval rating at the end of the fifth year of his presidency.

12. The sum allocated in the Railway Budget 2014-15 for the Bullet Train is

Correct Answer: (3) Rs. 100 crore
Solution:The Railway Budget 2014-15 proposed Bullet train on identified Mumbai-Ahmedabad sector. A sum of Rs. 100 crore was provided for initiating the project.

13. The height of the Sardar Saro- var Dam was recently increased, making it the second highest dam in the world. What is the dam's revised height?

Correct Answer: (3) 138.7 metres
Solution:The Narmada Control Authority (NCA), in June 2014, approved the proposal to raise the dam's height from 121.9 metres to 138.7 metres, making it the second highest dam in the world after Grand Coulee in the US.

14. Which rate is used by the Reserve Bank of India to decrease liquidity in the market?

Correct Answer: (3) Increasing Reverse Repo Rate
Solution:Reverse repo rate is the rate at which the central bank of a country (RBI in case of India) borrows money from commercial banks within the country. An increase in reverse repo rate means that commercial banks will get more incentives to park their funds with the RBI, thereby decreasing the supply of money in the market.

15. Which among the following is the most expensive city in the world?

Correct Answer: (4) Singapore
Solution:Singapore, in March 2014, topped 131 cities globally to become the world's most expensive city to live in 2014, according to the Economist Intelligence Unit (EIU). Other cities making up the top five most expensive cities to live in are Paris, Oslo, Zurich and Sydney, with Tokyo falling to sixth place.

16. Which of the following decides cost of production?

Correct Answer: (5) All of the above
Solution:In economics, the cost-of-production theory of value is the theory that the price of an object or condition is determined by the sum of the cost of the resources that went into making it. The cost can comprise any of the factors of production (including labor, capital, or land) and taxation.

17. Who was the winner of the Shanti Swaroop Bhatnagar Award for the year 2013 in Biological Sciences?

Correct Answer: (1) Dr. S.C. Raghavan
Solution:Eight scientists were presented the Shanti Swaroop Bhatnagar Award for the year 2013. Among them, Dr Sathees Chukkurumbal Raghavan received the award in Biological Science.

18. Who was recently appointed the Secretary General of Interpol?

Correct Answer: (3) Ronald K Noble
Solution:The executive committee of Interpol, in June 2014, appointed Germany's Juergen Stock as the Secretary General of the body to present incumbent Ronald K Noble of the United States. CBI director Ranjit Sinha, who was the first Indian to be shortlisted for the post of secretary general, eventually lost the race.

19. Which of the following recently became the world's largest single-location coal-fired plant in the private sector?

Correct Answer: (1) Mundra Power plant
Solution:Mundra power plant is the world's largest single-location coalfired plant in the private sector with total generating capacity to 4,620MW. China, Poland and Taiwan have three thermal power plants exceeding 5,000 MW but they are all state-owned, making Mundra also the fifth largest globally.

20. The Union Budget 2014-15 extended Tax holiday for power projects till

Correct Answer: (1) 2015
Solution:In the Union Budget 2014-15, the government extended by another year the 10-year tax holiday for the power sector. With this, the eligible date for projects in the power sector to avail the benefit under section 80-IA of the Income Tax Act stands extended from March 31, 2014 to March 31, 2015.