Solve RBI Grade ‘B’ Officer’s 2011 Exam Questions.
1. Sometimes we see a reference of 'least developed country' in economic journals/papers etc. Which of the following is one of the parameters on the basis of which a country in economic parlance is labelled as "least developed"?
(1) Frequent changes in monetary/fiscal policies
(2) No change in the government in last ten years as general elections did not take place
(3) Low per capita income of a specified level and instability in agricultural/industrial production
(4) Huge losses due to natural disasters resulting in displacement of people in majority
(5) Scarcity of trained/skilled manpower in the country
2. Which of the followin= statements about the Indian economy in the last decade is not correct?
(1) The economy of India is the fourth largest in the world with GDP of about four trillion USD at Purchasing Power Parity (PPP).
(2) Agriculture, which was a major concern for the growth of the economy, is now growing at an average of 7% per annum.
(3) A strong Balance of Payment (BOP) position in recent years has resulted in a comfortable stock of the foreign exchange reserves.
(4) India has emerged as a global leader in software and business process outsourcing.
(5) Indian economy has shown a remarkable average GDP growth of 6.8% during last ten years.
3. Who among the following is very closely associated with the day-to-day functioning of the Reserve Bank of India?
(1) Dr Subir Gokarn
(2) UK Sinha
(3) Dr Kaushik Basu
(4) Narendra Jadhav
(5) None of these
4. Census in India was conducted recently (2011). In the eyes of the economists and policymakers, India's demographics' are very much favourable to growth. Which of the following statements is NOT in conformity with the traditional demographic characteristics of India and its relation with growth?
(1) India is a young country with low dependency ratio.
(2) More and more Indian youth under the age of 30 are getting better healthcare and access to quality technical education.
(3) The so-called middle class of India is happy as they have better housing and earning facilities.
(4) More employment opportunities and resultant financial freedom have made young women to pursue single life and delay marriage.
(5) Indian youth are now the biggest consumers of luxurious goods; they spend discretionary income and enjoy the associated status.
5. Some policy makers and thinkers are of the opinion that the notorious Sat yam Scandal of 2009 has proved a blessing in disguise for India as it intensified the call in the country for
(1) Stronger police force
(2) Faster legal proceedings and effective judiciary
(3) Greater accounting transparency and corporate Governance
(4) Better employer-employee relationship and active participation of employees in managerial functions
(5) All of these