RBI Grade B Finance & Management Quiz for Phase II 2023
RBI Grade B Finance & Management Quiz for Phase II 2023
Finance and Management (FM) Questions with the answer. RBI Grade B Finance and Management Note PDF. RBI Grade B FM Study Material PDF. RBI Finance and Management (FM) Books, PDF, Previous Papers, Question Set, and study material. As we all know that RBI Grade B Notification 2023 is out. The Reserve Bank of India (RBI) conducted the RBI Grade B Phase I Exam for the post of Grade B (Grade ‘B’ (DR) – (General) & others). It’s the right time when you should start your RBI Grade B 2023 Phase II preparation at full pace.
If you are preparing for RBI Grade B 2023 (Phase II), you will come across a section on “Finance and Management (FM)” wherein 65 questions will be there carrying 50 marks. Here we are providing you with “Finance and Management (FM) Questions for RBI Grade B” with answers based on the latest pattern of your daily practice.
Finance and Management (FM) Questions For RBI Grade B | Set-12
1. There are various Leadership styles. What would you call a leadership style where leader is acting as a liaison officer between the employees and the outside world?
Autocratic Leadership style
Democratic Leadership style
Free-Rein Leadership style
Laissez Faire Leadership style
Both C and D
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Correct Answers: E. Both C and D
Explanation- In Laissez Faire Leadership (also known as Free-Rein Leadership) style, leaders give the authority and power the subordinates to function at their own will. They only work as a liaison between the employees and outside world. They don’t control the course of action.
2. Which of the following is not the objective of EXIM?
Financing, facilitating and promoting India’s foreign trade
Creating export capability by arranging competitive financing of export cycle.
Providing short term non-product asset backed financing in the form of working capital to meet their fund requirement.
Offering custodial and investor services, rating and venture capital services.
Developing commercially viable relationships with a target set of externally oriented companies
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Correct Answers: C. Providing short term non-product asset backed financing in the form of working capital to meet their fund requirement.
Explanation- EXIM stands for Export and Import Bank of India. It was established in 1982 under the Export-Import Bank of India Act, 1981 as a purveyor of export credit, mirroring global Export Credit Agencies. It is headquartered at Mumbai. Out of the available options, only option C is not amongst the objectives of EXIM. Read all the objectives of EXIM on the given.
3. Which among the following will come in the category of Over counter-based derivative?
Forward Contracts
Future Contracts
Options
Swaps
Both A and D
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Correct Answers: E. Both A and D
Explanation- Forward and Swaps are example of Over the counter-based derivatives.
4. A-Team leader wants to improve the job performance of a group of his team members. According to Herzberg’s theory, what would be an appropriate motivator?
Renovating the office to make them comfortable
Offering them an opportunity for achievement and recognition
Providing them a good Health care plan.
Setting up a relax room with tools to enjoy and socialize.
All of the above
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Correct Answers: B. Offering them an opportunity for achievement and recognition
Explanation- According to Herzberg’s Two-factor theory, the motivational factors are:
(i) Recognition,
(ii) Sense of achievement,
(iii) Responsibility,
(iv) Meaningfulness of the work
5. Which leadership style tends to centralize authority and make unilateral decisions?
Transformational style
Autocratic style
Delegative style
Laissez-faire
None of these
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Correct Answers: B. Autocratic style
Explanation- Under Autocratic leadership the leader has complete command and hold over their employees/team. In short, all decision-making power are centralized in the leader. The team cannot put forward their views and has to follow directions of leader.
6. Which of the following is a semantic noise in the process of communication of an organisation.
The noise which occurs due to preconceived notions like racial stereotypes, biases or assumptions.
Noise pollution from the outside environment.
Distraction form the background music, startling noise etc.
The noise caused by the sender or encoder, where due to grammatical or technical language the receiver or decoder interprets the message wrong.
All of the Above
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Correct Answers: D. The noise caused by the sender or encoder, where due to grammatical or technical language the receiver or decoder interprets the message wrong.
Explanation- The noise which occurs due to preconceived notions like racial stereotypes, biases or assumptions are called Psychological Noise. Noise pollution from the outside environment is called as Environmental Noise. Distraction form the background music, startling noise etC. is called as Physical Noise. The noise caused by the sender or encoder, where due to grammatical or technical language the receiver or decoder interprets the message wrong is called Semantic noise.
7. The scope of activities undertaken by business correspondents will NOT include:
Disbursal of small value credit
Recovery of principal/collection of interest
Collection of small value deposits
Payment of money on demand drafts not exceeding Rs.1000
Sale of micro-insurance/ mutual fund products/ pension products
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Correct Answers: D. Payment of money on demand drafts not exceeding Rs.1000
Explanation- The scope of activities undertaken by business correspondent includes:
• Disbursal of small value credit
• Recovery of principal/collection of interest
• Collection of small value deposits
• Sale of micro-insurance/ mutual fund products/ pension products
• Receipt and delivery of small value remittances/ other payment instruments.
Under ‘Business Correspondent’ model, NGOs/MFIs set up under the societies/trust acts, societies registered under mutual aided cooperative societies act, registered NBFCs not accepting public deposits and post offices may act as business correspondents.
8. On the basis of which ethical code of conduct, every businessman should analyze and evaluate the good or bad, ethical or unethical aspects within their business transaction?
Principle of Conscience
Principle of Universal Values
Principle of Satisfaction
Principle of Rationality
Principle of Communicability
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Correct Answers: D. Principle of Rationality
Explanation- On the basis of the Principle of Rationality, every businessman should analyse and evaluate the good or bad, right or wrong, ethical or unethical aspects within their business transaction and day to day working of the business houses.
9. Mr. Rohit was given the task of adding some new products to the product line. When adding a new product to the existing product line, he analyzed the advantages and risks in doing so and make a recommendation to the board of directors, who make the final decision. What managerial Skill is demonstrated by Mr. Rohit?
Diagnostic Skill
Analytical Skill
Management Skill
Production Skill
None of these
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Correct Answers: B. Analytical Skill
Explanation- Analytical Skill− Ability to identify the vital or basic elements in a given situation, evaluate their interdependence, and decide which ones should receive the most attention. This skill enables the manager to determine possible strategies and to select the most appropriate one for the situation. Diagnostic Skill− Diagnose a problem in the organization by studying its symptoms.
1) Business ethics is the application of general ethical ideas to business.
2) It refers to the moral principles and standards and a code of conduct that businessmen are expected to follow while dealing with others.
3) Most systematic approach to fostering ethical behavior in business is to build a corporate culture.
Which of the following statements are correct with respect to Business ethics?
1 and 2
2 and 3
1, 2 and 3
1 and 3
None of the above
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Correct Answers: C. 1, 2 and 3
Explanation- • Business ethics is the application of general ethical ideas to business.
It refers to the moral principles and standards and a code of conduct that businessmen are expected to follow while dealing with others.
Most systematic approach to fostering ethical behavior in business is to build a corporate culture.
Significant issues in business ethics comprises ethical management of enterprise in relation to its stakeholders in particular and natural environment in general.
Finance and Management (FM) Quizzes For RBI Grade B 2023
