1. Examine the following statements with respect to the recent appointment of R Gandhi as a new Deputy Governor of RBI.
(A) R. Gandhi replaces Anand Sinha as new RBI deputy governor
(B) Mr. Gandhi was the executive director at the RBI before being promoted to this post.
(C) RBI now has 3 Deputy Governors � HR Khan, Urjit Patel and R Gandhi.
Which of the above statements is/are correct in this context?
(1) Only A & B (2) Only B & C
(3) Only C & A (4) All are true
(5) None of these
2. Consider the following statements with respect to recent announcement made by the Qatar based Doha Bank that it will be opening its first branch at Nariman Point in Mumbai in India.
(A). The branch in Mumbai will be opened as a full-fledged bank in May 2014.
(B) The Doha Bank has set a target of 10 billion dollars balance sheet by the third year of operations.
(C) Doha Bank got permission from the Reserve Bank of India to open the branch in December 2013.
Which among the following statement is not correct in this regard?
(B) The Doha Bank has set a target of 10 billion dollars balance sheet by the third year of operations.
(C) Doha Bank got permission from the Reserve Bank of India to open the branch in December 2013.
Which among the following statement is not correct in this regard?
(1) Only A & B (2) Only B & C
(3) Only A (4) Only B
(5) Only C
3. As on 1 April 2014, RBI (Reserve Bank of India) in its first bimonthly monetary policy statement pegged 2014-15 GDP growth at a central estimate of____?
(1) 5% (2) 5.5%
(3) 6% (4) 6.5%
(5) None of these
4. Consider the following statements in respect to the recent announcement made by the government as govt. raised the workdays under its flagship rural employment guarantee programme MNREGA for tribals peoples.
(A) Workdays for tribals under MNREGA raised from 100 to 150
(B) The beneficiaries would be those who have completed 100 workdays in that particular financial year
(C) The Union Cabinet decision will come into effect from April this year.
(B) The beneficiaries would be those who have completed 100 workdays in that particular financial year
(C) The Union Cabinet decision will come into effect from April this year.
Mark the correct options from the given options:
(1) Only A & B (2) Only B
(3) Only A & C (4) Only A
(5) All of the above
5. The book titled �12 Years A Slave� has been authored by:
1) Solomon Northup
2) Hasan Suroor
3) Vesna P Jacob
4) Simon Denyer
5) None of these
6. What is take-out financing?
1) A method of providing finance for longer duration projects
2) A method of providing finance for short duration projects
3) A method of providing finance without any paper work
4) A method of providing finance on very low interest rates
5) None of these
7. The committee constituted by the Reserve Bank of India (RBI�s) to promote financial inclusion headed by Nachiket Mor in its report, presented to the RBI on 7 January 2014, recommended universal electronic bank accounts to all Indian citizens above the age of 18 years. What is the deadline for opening these bank accounts as recommended by the committee?
(1) 1 January 2016 (2) 1 April 2015
(3) 1 January 2015 4) 1 April 2015
(5) None of these
8. Which PSU bank sold its entire stake in credit information provider Credit Information Bureau of India Limited (CIBIL) to Trans union International Inc (TII) during March 2014?
(1) United Bank of India
(2) Central Bank of India
(3) Dena Bank
(4) Bank of Baroda
(5) Punjab National Bank
9. Recently Sri Lanka won the World Cup T20 2014 title by defeating India. How many times Sri Lanka won World T20 title?
(1) Second
(2) Third
(3) This is a maiden title for Sri Lanka
(4) Four
(5) None of these
10. Recently Manuel Valls is in news. He is a ____?
(1) New President of France
(2) New Prime Minister of France
(3) Foreign Minister of USA
(4) New US envoy to India
(5) None of these
Answers:
Answers:
| 1 | 1 | 6 | 1 |
| 2 | 4 | 7 | 1 |
| 3 | 2 | 8 | 2 |
| 4 | 5 | 9 | 3 |
| 5 | 1 | 10 | 2 |
Explanations: of Some Questions
1. After the appointment of R Gandhi as a new RBI Deputy Governor, RBI has now 4 Deputy Governors:
1. Dr. K.C. Chakrabarty
2. Shri H.R. Khan
3. Dr. Urjit R. Patel
4. Shri R. Gandhi
Note: Dr. K.C. Chakrabarty has given its resignation from its post but RBI has not yet accepted it.
2. The Doha Bank has set a target of 5 billion dollars balance sheet by the third year of operations.
4. In a bid to woo tribals ahead of Lok Sabha polls, the government raised the workdays under its flagship Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) from 100 to 150 for tribals, a move that will benefit 14 lakh families. The Union Cabinet decision will come into effect from April this year.
6. Take-out financing is a method of providing finance for longer duration projects (say of 15 years) by banks by sanctioning medium term loans (say 5-7 years).
It is understanding that the loan will be taken out of books of the financing bank within pre-fixed period, by another institution thus preventing any possible asset-liability mismatch. After taking out the loans from the banks, the institution could off-load them to another bank or keep it.
8. State�run Central Bank of India has sold its entire stake in credit information provider CIBIL to Transunion International Inc. for an undisclosed amount.
9. Sri Lanka beat India to win maiden World T20 2014 title. Sri Lankawere beaten in the 2009 and 2012 World T20 finals.
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