Most Difficult Questions Asked in RBI Grade B GA Section

The RBI Grade B exam is an opportunity for aspiring candidates to step into the world of central banking in India. Cracking the examination requires not just numerical prowess but also a well-rounded understanding of current affairs, economics, and social issues. The General Awareness (GA) section, in the RBI Grade B Exam, can be a make-or-break factor for many aspirants.

Type of Questions Asked In RBI Grade B GA Section

The RBI Grade B GA section might pose a challenge, but with a well-planned approach and a focus on both breadth and depth of knowledge, candidates can score good marks in the given section. While the overall difficulty level of the GA section in the RBI Grade B Exam can vary year-to-year, some questions consistently challenge even the most prepared candidates.

• The Reserve Bank of India is all about India’s financial health. Candidates should be ready for questions about new government schemes, like who benefits from them and how exactly they work. The questions can also be asked about the specific features of a program that helps farmers or boosts manufacturing.
• Keeping up with the news is key, but the RBI Grade B Exam wants more. Questions can be how recent events affect the economy or banking. For example, how a global summit’s decisions could change loan rules in India can be one of the questions of the GA Section.
• Understanding economic terms and how businesses work is a must. Aspirants must be prepared for questions about things like how much factories are producing (Index of Industrial Production) or the pressure of falling prices (Deflationary Pressure Index). Even some questions can be on different financial institutions and what they do.
• For the RBI Grade B Exam, candidates should be acquainted with the basics! But the RBI likes to mix things up. A question can be asked about the top country for gender equality according to a recent report, while also testing the knowledge about an Indian initiative to address the same issue.
• The world of international organizations can be confusing, with lots of acronyms! Be prepared with questions like the difference between BIMSTEC (a regional group) and ASEAN (another regional group), or which organizations India doesn’t participate in.

Tips To Prepare For The GA Section

Each of the candidates has their way of preparation but some of the important tips that they must include in their preparation strategy to crack RBI Grade B 2024 Exam are as follows:

• Candidates should not just scan headlines but focus on the business and economic sections in newspapers, and think about how the news might affect India’s financial system.
• Aspirants must take practice tests and solve previous year’s question papers to understand the types of questions asked and how to approach them.
• Other than newspapers aspirants need to explore government websites and RBI publications for in-depth information.

Most Difficult Questions Asked in RBI Grade B GA Section

Based on the RBI Grade B Exam held in the previous year, we have listed down the most difficult questions asked in the RBI Grade B GA Section.

1.  The Union government, in consultation with the RBI, fixes the inflation target for the coming period of five years. The Upper Tolerance level of Inflation is ____ and in case of a breach of the upper tolerance for ____ quarters, the report has to be submitted by RBI.
2. As per RBI Annual Report 2022-23, India has remained among the fastest-growing major economies of the world, contributing more than ____ to global growth on average during the last five years.
3. Despite prolonged geopolitical tensions and slowing global trade, India’s merchandise exports touched USD 450.4 billion during 2022-23, which is 6.7 percent above the previous year’s record level. Which sector contributed the largest share in the merchandise exports from India?
4. World Bank has scrapped Ease of Doing Business and announced a new replacement annual series which will reflect a more balanced and transparent approach toward evaluating a country’s business and investment climate. What is the name of the new replacement annual series?
5. Food and Consumer Affairs Minister Piyush Goyal has announced that India will achieve its target of _____ ethanol blending with petrol by _____ instead of 2030. He also maintained that the maize crop will play an important role in the implementation of the program.
6. E-way bill is a document required to be carried by a person in charge of the conveyance carrying any consignment of goods of value exceeding _____ as mandated by the Government in terms of section 68 of the Goods and Services Tax Act and, with a significantly enhanced outlay of Rs 1.3 lakh crore, from _____.
7. The Union Cabinet chaired by the Prime Minister Shri Narendra Modi, approved the constitution and empowerment of an Inter Ministerial Committee (IMC) for facilitation of the “World’s Largest Grain Storage Plan in Cooperative Sector” by convergence of various schemes of Ministries, Which ministry does not belong to that group?
8. The Basic Statistical Returns (BSR) Code is a seven-digit code that is provided to the registered banks by the RBI. The first three digits in the code identify the bank, while the following four digits identify the bank branch. India’s Basic Statistical Returns (BSR) system recently completed _____ since its inception.
9. The Reserve Bank of India (RBI) has fixed the minimum Net Owned Fund (NOF) size for housing finance companies at _____ . The housing finance companies (HFCs) holding a Certificate of Registration (CoR) and having an NOF of less than _____ will be required to achieve NOF of Rs 15 crore by March 31, 2022 and _____ by March 31, 2023.
10. Taking forward digitization efforts announced in the Union Budget 2022-23, the Reserve Bank introduced its Central Bank Digital Currency (CBDC) in phases during the year, with the launch of pilots for Digital Rupee (e₹) in ________.
11. Under SEBI (Mutual Funds) Regulations, 1996, Mutual Funds are permitted to charge certain operating expenses for managing a mutual fund scheme. All such costs contributing and making up a fund’s square are collectively termed as ‘Total Expense Ratio’ (TER). TER is calculated as a percentage of the Scheme’s average _____.
12. The Centre has revised the threshold for GST e-invoicing, and has announced that it will be mandatory for all businesses with annual turnover of over _____ to move to e-invoicing for businesses to business transaction under goods and services tax (GST) from.
13. Government of India through Indian Strategic Petroleum Reserves Ltd. (ISPRL) under Phase-1 has setup Strategic Petroleum Reserves (SPR) at three locations namely Vishakhapatnam, Mangalore, and _____.