Quiz 581: GK Questions for RBI Grade B Examination
First Published: December 7, 2011 | Last Updated:August 4, 2019
1. Consider the following statements:
- There is almost no speculation in the G-sec market
- The Investors in the G-Sec Market are predominantly the institutions
Which among the above statements is / are correct?
[A] Only 1 is correct
[B] Only 2 is correct
[C] Both 1 & 2 are correct
[D] Nether 1 nor 2 is correct
Show Answer
Correct Answer: C [Both 1 & 2 are correct]
2. The Arabic word “Sukuk” is best placed in which among the following?
[A] A tenet of Islam
[B] A Festival of Islam
[C] A term related to Islamic Banking
[D] A term related to Saudi Politics
Show Answer
Correct Answer: C [A term related to Islamic Banking]
Notes:
In Arabic Sukuk means a check or financial certificate. It is the Islamic bond. Islamic bonds, also known as sukuk, are asset-based securities that pay a profit rate to investors to comply with Shariah`s prohibition of interest and speculation.
3. Consider the following statement:
- The Tiny units in industries was defined for the first time in Industrial Policy Statement 1977
- There was a complete NO to the foreign investment in the Industrial Policy Statement 1977
Which among the above statements is/ are correct?
[A] Only 1 is correct
[B] Only 2 is correct
[C] Both 1 & 2 are correct
[D] Neither 1 nor 2 is correct
Show Answer
Correct Answer: A [Only 1 is correct]
Notes:
Industrial Policy Statement 1977 was announced by the Janta Government. For the first time, this statement defined a `tiny unit` as a unit with investment in machinery and equipment up to Rs. 1 Lakh and situated in towns or villages with a population of less than 50,000 (as per 1971 census). The second statement is not correct because, In this statement, the foreign investment in the `unnecessary areas` means those which had not role to play in development of the country, was prohibited and this was a complete NO to the foreign investment. This was the time when George Fernandes, kicked the Coca Cola and IBM out of India.
4. Consider the following:
- Banking Regulation Act
- Insurance Act
- Securities Contract Regulation Act
Which among the following presents a correct set of years in which the above acts were legislated?
[A] 1949, 1958, 1992
[B] 1949, 1938, 1992
[C] 1949, 1938, 1956
[D] 1938, 1948, 1959
Show Answer
Correct Answer: C [1949, 1938, 1956]
Notes:
Insurance Act was enacted in 1938 while the Banking Regulation Act was enacted in 1949.The Securities Contract Regulation Act 1956 is another old legislation enacted at a time when derivatives were unknown and without an independent market regulator; which had to wait till 1992.
5. Which among the following is the most spoken mother tongue in the European Union?
[A] English
[B] French
[C] German
[D] Spanish
Show Answer
Correct Answer: C [German]
6. Consider the following statements in context with the Cash Management Bills:
- Cash Management Bills are a kind of short term money market instruments with maturity less than 91 days
- Cash Management Bills are issued on discount
- Cash Management Bills are introduced only by Central Government
Which among the above statements is/ are correct?
[A] Only 1 is correct
[B] Only 1 & 2 are correct
[C] all are correct
[D] Only 2 & 3 are correct
Show Answer
Correct Answer: C [all are correct]
Notes:
The Government of India, in consultation with the Reserve Bank of India, finalized and introduced a new short-term instrument, known as Cash Management Bills, to meet the temporary cash flow mismatches of the Government. The Cash Management Bills are non-standard, discounted instruments issued for maturities less than 91 days and could be issued as and when need arises
7. Consider the following statements:
- Area between 200 mts to 500 mts in Coastal Regulation Zone – III has been declared as No Development Zone (NDZ).
- Some activities are permissible in this zone after obtaining necessary approvals from concerned authorities
Which among the above statements is/ are correct?
[A] Only 1 is correct
[B] Only 2 is correct
[C] Both 1 & 2 are correct
[D] Neither 1 nor 2 is correct
Show Answer
Correct Answer: C [Both 1 & 2 are correct]
8. Consider the following statements:
- MG NREGA is the first law internationally, that guarantees wage employment
- MG NREGA act mandates 33% participation for women
- Pronab Sen Committee has been constituted for developing an index for fixing Mahatma Gandhi NREGA wage rates and its periodic revisions.
Which among the above statements is/ are correct?
[A] Only 1 is correct
[B] 1 & 2 are correct
[C] All are correct
[D] 2 & 3 are correct
Show Answer
Correct Answer: C [All are correct]
9. Tendulkar Committee report has revealed that in 2004-05, India’s poverty which was measured 27% at that time is actually increased more than 10% and actual poverty was 37% . Which among the following was the reason behind these two conflicting measures of poverty in India?
[A] There was a discrepancy in the data’s collected at that time
[B] The new poverty line measures poverty on a wider access to commodity and services like health and education and not calories
[C] The calories definition of poverty has been changed by the world Bank
[D] The government at that time misled the public on by showing the wrong figures
Show Answer
Correct Answer: B [The new poverty line measures poverty on a wider access to commodity and services like health and education and not calories]
10. The investment in Plant & Machinery up to which among the following amounts in India is called a Tiny Unit in India?
[A] Rs. 5 Lakh
[B] Rs. 10 Lakh
[C] Rs. 15 Lakh
[D] Rs. 25 Lakh
Show Answer
Correct Answer: D [Rs. 25 Lakh]
Notes:
Please note that today, the units where investment in Plant & Machinery is up to Rs. 25 lakh is called a `Tiny Enterprise`, irrespective of the location of the unit. This change was based upon the recommendation of Abid Hussain Committee.
Comments
nims
thanx gud work
rahul bheda
its great fun with knowledge.
keep the gud work going.
Neelam
very nice work…bt sir please put some more questions for RBI exam…
ashish
these are seriously tough questions, just wonder if they’d ask such kind of questions in any examination other than the IAS.
super work nonetheless!!
keep it up, you are doing lots of favours to ppl..
neelakantam
SIR, plz provide advance download optins means include ans & explanations. thanq sir………
sabarmathi
i feel something is wrong with the second statement of second question after i saw the explanation provided by you. pls giv a clarification on that sir….
sheikh
worth reading
deep
this verey good site
Renu Singh
gud questions..
KALAICHELVAN . A
Tonic of GK information update
Khan
Sir,
Please provide Current Affairs Notes on a weekly or monthly basis..
Thank you..
ravisingh
great work
hearthly thank you
jagdish`
very nice work………keep it up
ambika
it,s tonic for brain….really good
Raj
good work.
ARJUN
ur help is really valuable,,,, thanks
rajmogun
excellent work…… need more qns on Economy…bcoz this will help us for banking exams
Samrita
Thanx a lot for this valuable post…… Learning could’nt have een made simpler
Arun Priyan
Hi Sir,
Thankyou for this great work… If you get time please update monthly basis…
Thanks & Regards,
Arun.
Ramesh gupta
Thanks for timly guidance and awesome materials.
Neha
Really nice work ….
sushant
really nice questions…….
kundanarya
it’s a great collection.thanx
deepak
thank for that
raj kumawat
great & helpful work
asha
thanks……
rrrr
get Gk questions on daily basis…and make another group of famous personalities and person in news.
Bring many more exercises for practice
monisha
hello respected sir 1st of all i wanted to thank u for such a nice gk..
but in ques -2 ..as u explained …why second option is wrong as per yor data is shoud be right..http://www.gktoday.in/industrial-policy-statement-1977/
naresh
good job thank sir it well worth for all competitive aspirants waiting for job
garry
great job…thanks