RBI GRADE B QUESTIONS FOR PREPARATION

 

GDP deflator is an often cited term in economic discussion. What does it relate to?

Answer: Evaluates inflation iby taking into account the GDP of the country

This ratio helps to show the extent to which the increase in gross domestic product has happensed on account of higher prices rather than increase in output.


Q1. Govt has announced the National Infrastructure Pipeline (NIP). Government plans to spend Rs 102 lakh crores on infrastructure projects by which year?

Answer- 2025

(Energy 24%, Roads- 19%)

Q2. Recently DPIIT revised its FDI policy, What was the reason behind it?

Answer- To curb the predatory foreign investment

DPIIT- Department for Promotion of Industry and Internal Trade, Parent org-Ministry of Commerce and Industry

(Foreign direct investment (FDI) in India has increased by 16 per cent year-on-year to USD 27.1 billion during April-August this year.)

In the last five years, Chinese investment in India drastically increased from US, 1.6$ billion in 2014 to at least US $26 billion in 2019.

It was anticipated that Chinese entities would take covid advantage of the economic slump caused by the covid outbreak to raise their stakes in Indian entities.

Thus an entity which shares a land border with India can invest only under the government route.

Q3. Report titles – “Estimates of the impact of COVID on global poverty” was released by which organisation?

Answer- United Nations.

Q4. Which of the following statements regarding International labour organisation is correct?

1)It is a specialised agency of the United Nation Headquarted in paris, france.

2) It was created in 1945 along with the United nations

Answer

Note- ILO released third edition of the ILO Monitor: Covid-19 and the world of work.

HQ- Geneva Switzerland

It was created in 1919, as a part of treaty of Versailles.

Other reports released by the ILO-

World Employment and Social Outlook

Global wage report

World Social Protection report

Q5. Which of the following statements regarding International Energy Agency is correct?

1.      The report “Global energy review 2020” is released by IEA - Correct

2.      It is an autonomous body within OECD - Correct

3.      India is the member since its inception – Wrong

30 members-Requirement

Q6. To ease the liquidity pressures on mutual funds, RBI announced special liquidity facility of rupees  50,000 crore for mutual funds. The SLF-MF is on-tap and open-ended. (special liquid facility)

Meaning of On tap-

 

Q7. The Mahalanobis model is often talked about in Indian Planning. Consider the following statements related to it.

A. This Model is related to second five year plan

The plan focused on rapid industrialisation- Heavy and basic industries

C.     Another key aspect of the plan was import substitution that focused on giving impetus to domestic industries and manufacturing.

 


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