RBI Grade B Finance and Management Quiz for Phase II 2023
Finance and Management 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 Questions for RBI Grade B” with answers based on the latest pattern of your daily practice.
Finance and Management Questions For RBI Grade B | Set-22
1. Read the following information carefully and answer the questions that follow.
Career anchors are the various factors based on which people select and prepare for a career. Career anchors play pivotal role in the career planning and decision making for young individuals who are new to their professional life or are about to start one. Career planning is the process of identifying one’s abilities and interests, establishing one’s career goals and planning practical development activities. Unlike Career Planning, Succession Planning in an organisation is the process of identifying and developing people so that they can fill key positions.
Which of the following factors is (are) not one of the Career Anchors?
I. Functional Competence
II. Managerial Competence
III. Entrepreneurial Competence
A Only III
B II & III
C I & III
D I & II
E None of the above
2. Read the following information carefully and answer the questions that follow. A Superannuation
3. A job can be motivating if it designed to keep them challenging, interesting and meaning according to the skills and personality of the employees so that the more an employee work the more his performance is boosted. Job enrichment refers to the various techniques implemented by managers in an organization to develop and maximise the self-motivation in employees to do their work. The job itself lead to the ultimate satisfaction to the employees. If the employees are motivated and satisfied, the productivity of organization increases itself. Job enrichment and job enlargement increases responsibilities and autonomy of employees in the work. With more responsibility, the fear of job insecurity does not occur and employees feel that their work is valued and acknowledged which also help in their career development and hence increase job satisfaction. When the employees are given more autonomy, they work stress free and they can make decisions on their own. Therefore, with appropriate job enrichment, required balance between personal and professional life of employees. A I and II
4. A job can be motivating if it designed to keep them challenging, interesting and meaning according to the skills and personality of the employees so that the more an employee work the more his performance is boosted. Job enrichment refers to the various techniques implemented by managers in an organization to develop and maximise the self-motivation in employees to do their work. The job itself lead to the ultimate satisfaction to the employees. If the employees are motivated and satisfied, the productivity of organization increases itself. Job enrichment and job enlargement increases responsibilities and autonomy of employees in the work. With more responsibility, the fear of job insecurity does not occur and employees feel that their work is valued and acknowledged which also help in their career development and hence increase job satisfaction. When the employees are given more autonomy, they work stress free and they can make decisions on their own. Therefore, with appropriate job enrichment, required balance between personal and professional life of employees. A Only II 5. A job can be motivating if it designed to keep them challenging, interesting and meaning according to the skills and personality of the employees so that the more an employee work the more his performance is boosted. Job enrichment refers to the various techniques implemented by managers in an organization to develop and maximise the self-motivation in employees to do their work. The job itself lead to the ultimate satisfaction to the employees. If the employees are motivated and satisfied, the productivity of organization increases itself. Job enrichment and job enlargement increases responsibilities and autonomy of employees in the work. With more responsibility, the fear of job insecurity does not occur and employees feel that their work is valued and acknowledged which also help in their career development and hence increase job satisfaction. When the employees are given more autonomy, they work stress free and they can make decisions on their own. Therefore, with appropriate job enrichment, required balance between personal and professional life of employees. Which of the following statements correctly describe 360-degree evaluation? 6. Read the following information carefully and answer the questions that follow.
Career anchors are the various factors based on which people select and prepare for a career. Career anchors play pivotal role in the career planning and decision making for young individuals who are new to their professional life or are about to start one. Career planning is the process of identifying one’s abilities and interests, establishing one’s career goals and planning practical development activities. Unlike Career Planning, Succession Planning in an organisation is the process of identifying and developing people so that they can fill key positions.
Which among the following is not one of the reasons of Succession Planning?
B Resignation
C Promotion
D Diversification
E None of these
Which of the following option(s) is(are) true about Job enrichment?
I. Job enrichment is horizontal expansion in job
II. Job enrichment means taking up extra responsibilities which is not mentioned in job description
III. Job enrichment gives more control to execute tasks
B I and III
C I only
D II only
E III only
A Complete Book for RBI Grade B Finance and Management (FM) 2023- 2000+ Questions with Detailed Answers
With reference to Job Enrichment and the Job Characteristics Model, which of the following critical
psychological states is linked to the core job dimensions?
I. Experienced meaningfulness
II. Knowledge for the actual results
III. Experienced responsibility for improvement
B Both I and II
C Only III
D Both I and III
E All of the above given as options
I. Its primary objective is to pool feedback from all the employees
II. It fits well into the organizations that have introduced teams, employee involvement and Total Quality Management programs.
III. It provides performance feedback from the full circle of daily contacts that an employee might have.
A Both I and III
B Only III
C Only II
D Both II and III
E All three statements
How to prepare for RBI Grade ‘B’ Officers Exam 2023 – Preparation Tips & Tricks
Opening Stock
Rs.35,000
Credit Purchase
Rs.8,50,000
Cash Purchase
Rs.4,00,000
Credit sales
Rs.13,00,000
Cash sales
Rs.5,00,000
Wages
Rs.2,00,000
Salaries
Rs.2,40,000
Closing stock
Rs.40,000
Sales return
Rs.60,000
Purchase return
Rs.20,000
What is the amount of Cost of goods available for sale?
A Rs 11,40,000
B Rs 14,65,000
C Rs 17,70,000
D Rs 16,50,000
E Rs 11,60,000
RBI Grade B 2022 Mock Test Papers PDF – Download eBook Now
7. Read the following information carefully and answer the questions that follow.
| Opening Stock | Rs.35,000 |
| Credit Purchase | Rs.8,50,000 |
| Cash Purchase | Rs.4,00,000 |
| Credit sales | Rs.13,00,000 |
| Cash sales | Rs.5,00,000 |
| Wages | Rs.2,00,000 |
| Salaries | Rs.2,40,000 |
| Closing stock | Rs.40,000 |
| Sales return | Rs.60,000 |
| Purchase return | Rs.20,000 |
What is the amount of Cost of goods sold during the year?
A Rs. 14, 35,000
B Rs. 12, 65,000
C Rs. 32, 35,000
D Rs. 24, 75,000
E Rs. 28, 25,000
8. Gradually, but discernibly, market focus is shifting to customer specific and niche products. Many banks keep the plain vanilla banking as a small necessary segment. In October 2007, Reserve Bank had prepared a discussion Paper on Differentiated Bank Licensing (RBI, 2007), wherein it was stated that the case for differentiated licensing may be reviewed after a certain degree of success in financial inclusion is achieved and Reserve Bank is more satisfied with the quality and robustness of the risk management systems of the entire banking sector.
Which statements can point in favour of Differentiated Bank Licensing in India:
1) Banks will move from the situation where all banks provide all the services to a situation where banks find their specific realm and mainly provide services in their chosen area
2) As the economy grows and becomes more integrated with the global economy, need would be felt for sophisticated financial services and products
3) Priority sector lending might not be applicable to specialised institutions and niche banks
4) Niche-banking models depend on inter-bank liquidity, and whole sale funding
5) Risk management systems and structure for regulatory compliance could be customised according to the banking type
A 1, 2, and 5
B 1, 3, and 4
C 2, 4, and 5
D 1, 2, and 3
E All of the above
9. According to William Spriegel, “morale is the co-operative attitude or mental health of a number of people who are related to each other on some basis”. According to Leighton, “morale is the capacity of a group of people to pull together persistently and consistently in pursuit of a common purpose”. Based on this paragragh answer the following: 10. Read the following information carefully and answer the questions that follow. Correct Answer: B. 15 Explanation: We already published “A Complete Book for RBI Grade B Finance & Management (FM) 2023”. You can Download this EBook through the below link-
Which of these do you think can be the consequence of low morale?
A Minimal complaints and grievances
B High rate of labour turnover
C Acceptance to change
D Friendly towards the organisation and its management
E None of the above
Get Complete RBI Grade B 2023 Study Material – Previous Year Papers PDF, EBooks & Online Quizzes
NIIT Limited has equity worth Rs.20 crores who earns PBIDT of Rs.40 crore. The company gets an interest of Rs.30 crores with depreciation of Rs.5 crores. NIIT limited pays Rs.10 crore as tax and carries reserves of around Rs.25 crores which will not include the current year profits with long terms debt amount of Rs.30 crores. During the fiscal year, NIIT pays 50% dividends and transfer remaining profit into its reserves. In the secondary market, the share price of NIIT limited which is of Rs.10 face value is traded at a price of Rs.200/-
What will be the earning per share of NIIT limited?
A 10
B 15
C 20
D 25
E 30
Finance and Management (FM) Quizzes For RBI Grade B 2023
Set-20
Set-19
Set-18
Set-17
Set-16
Set-15
Set-14
Set-13
Set-12
Set-11
Set-10
Set-9
Set-8
Set-7
Set-6
Set-5
Set-4
Set3
Set-2
Set-1
RBI Grade B 2023 – Important Links
