ESI question paper – RBI GRADE B 2017 phase 2

1. Brundtland commission is also known as?

a. World commission on sustainable development
b. World commission on environment and development
c. World commission on global warming
d. Commission on ozone layer depletion
2. ASEAN summit 2017 was held at
a. Singapore
b. Manila
c. Beijing
d. Tokyo
3. According to 2011 secc census, what is the percentage of rural households in India
a. 67
b. 73
c. 80
d. 64
4. According to a global advocacy group on water and sanitation how many Indians in rural areas do
not have access to clean drinking water?
a. 33 million
b. 53 million
c. 63 million
d. 43 million
5. Human development index is released by which global institution
a. United nations development programme
b. World bank group
c. IMF
d. ECOSOC
6. GDP-DEPRECIATION=
a. NNP
b. NDP
c. GNP
d. GNA
7. Market value of all the final goods and services produced in a country is known as
a. GDP
b. GNP
c. National income
d. GVA
8. What does D stand in the term FSDC
a. Depreciation
b. Domestic
c. Drought
d. Development
9. Which country has ratified automatic exchange of financial information with India and 40 other
countries
a. Cayman islands
b. Panama
c. Switzerland
d. Panama
10. Which among the following countries or group has opt out of the paris climate agreement?
a. European union
b. USA
c. UK
d. China
11. FRBM review report was submitted by which committee
a. Bibek debroy
b. N K singh
c. Y v Reddy
d. Arvind panagriya
12. FRBM act aims to ensure
a. Fiscal prudence
b. Fiscal profligacy
c. Rbi autonomy
d. Monetary stability
13. A task force to generate timely and reliable unemployment data has been constituted under the
leadership of
a. Arun jaitley
b. Arvind subrahmaniam
c. Arvind panagriya
d. Shaktikanta das
14. According to recently published world bank report, total women workforce participation rate in
India is
a. 27%
b. 33%
c. 47%
d. 23%
15. According to recent estimates, the registered gdp growth during the 4th quarter of 2016-17 is
a. 6.5%
b. 7.0%
c. 6.3%
d. 6.2%
16. According to the recent budget, dairy processing and infrastructure development fund will be
setup with a budget of
a. 8000 cr
b. 5000 cr
c. 10000 cr
d. 15000 cr
17. According to a recent report published by UN department, India is likely to surpass china
population by
a. 2022
b. 2023
c. 2024
d. 2025
18. In may 2017, which among the following PSU was approved for restructuring by the cabinet
committee on economic affairs(CCEA)
a. HOCL
b. BEL
c. HAL
d. HMT
19. Which among the following two cities are named as most dense in India by WEF
a. Delhi and Mumbai
b. Delhi and Kota
c. Mumbai and Kota
d. Mumbai and Ahmedabad
20. Number of sdg goals and targets
a. 18 goals and 170 targets
b. 8 goals and 169 targets
c. 17 goals and 169 targets
d. 17 goals and 170 targets
21. Ease of doing business index is published by
a. World bank group
b. World economic forum
c. IMF
d. UN
22. CEZ Is known as
a. Central European zone
b. Coastal economic zone
c. Central export zone
d. Coastal export zone
23. According to OECD report, the population of youth in India aged 15-29 without employment,
education or training is
a. 30%
b. 25%
c. 40%
d. 15%
24. Which among these is not an intended consequence of Globalization as defined by IMF
a. Movement of goods services and capitals across borders
b. Reduction in poverty
c. Western domination
d. Improved health
 25. Which is the nodal ministry for implementation of MGNREGA
a. Ministry of rural development
b. Ministry of agriculture
c. Ministry of finance
d. Ministry of poverty alleviation
26. DIPP is under which ministry
a. Ministry of Finance
b. Ministry of commerce and industry
c. Ministry of defence
d. Ministry of railways
27. BOP is referred to
a. Systematic record of all the Transactions relating to exports and imports
b. Transactions in the flow of capital
c. Systematic record of all the economic transactions between residents and the rest of the
world in a certain time
d. Systematic record of transactions between residents of the country
28. Recently India has signed information exchange agreement with which of the following country
a. Maldives
b. Cayman islands
c. Singapore
d. Uk
29. Maternity benefits programme is under
a. IGMSY
b. SABLA
c. NFSA
d. KISHORI sahyog yojana
30. What is the forecast by the economic survey for the growth in India in 2018-19
a. 7%
b. 7.1%
c. 7.2%
d. 7.3%
e. 7.4%
2 markers

The Gender Inequality Index (GII) is an index for measurement of gender disparity that was
introduced in the 2010 Human Development Report 20th anniversary edition by the United
Nations Development Programmee(UNDP). According to the UNDP, this index is a composite
measure which captures the loss of achievement within a country due to gender inequality.
1. What is the rank of India in gender inequality index
a. 131
b. 134
c. 119
d. 125
2. What are the parameters for the index?
a. Health,empowerment, labor force participation
 b. Health, education, standard of living
c. Empowerment, standard of living, labor force participation
d. Poverty, education, empowerment
Indira Awaas Yojana (IAY), a flagship scheme of the Ministry of Rural Development has since
inception been providing assistance to BPL families who are either houseless or having
inadequate housing facilities for constructing a safe and durable shelter. This effort has been part
of a larger strategy of the Ministry’s poverty eradication effort, supporting the development of an
environmentally sound habitat with adequate provisions for incremental expansion and
improvement
3. Jawahar gram samriddi yojana and employment assurance scheme were restructured
into which scheme
a. MGNREGA
b. Sampoorna grameen rozgar yojana
c. Housing for all scheme
d. Indira awaz yojana
4. Jawahar rozgar yojana was modified into
a. MGNREGA
b. Housing for all scheme
c. Jawahar samriddi yojana
d. Mahatma Gandhi rozgar yojana
5. What were the works undertaken under the jawahar rozgar yojana scheme?
a. Building schools and colleges only
b. Constructions of tanks wells roads
c. Construction of houses
d. Works which lead to construction of durable productive community assets
The Government of India, in keeping with its reform agenda, constituted the NITI Aayog to
replace the Planning Commission instituted in 1950. This was done in order to better serve the
needs and aspirations of the people of India. An important evolutionary change from the past,
NITI Aayog acts as the quintessential platform of the Government of India to bring States to act
together in national interest, and thereby fosters Cooperative Federalism
6. Which among the following statements is wrong regarding NITI ayog
a. 3 year action agenda recommends policy changes for action from 2017-18 to
2019-20
b. 3 year action agenda recommends policy changes for action from 2016-17 to
2018-19
c. 3 year action agenda and 15 year vision document replaced the five year plans
d. NITI ayog replaced planning commission
 7. NITI ayog 3 year agenda is related to which sectors
a. Social sector
b. Environment and sustainability
c. Economic transformation
d. All of the above
e. Governance reforms

The organization works with workers and peasants in the villages of Central Rajasthan. It was
set up by the people of the area in 1990 to strengthen participatory democratic processes, so that
ordinary citizens could live their lives with dignity and justice. The organization was born out of
a struggle for community land held illegally by a feudal landlord. The subsequent struggle for
minimum wages made it evident to the people, that transparency and accountability of systems
of governance are basic to access any right. It became clear that access to relevant information is
a fundamental tool for ensuring transparency and accountability of the government, and of all
bodies that affect public interest.
8. Which is the organization mentioned in the passage?
a. NCPRI
b. Right to information RTI
c. Mazdoor kisan Shakti sangathan
d. Kisan Shakti sangathan
e. Namantar Andolan
9. Movement was fought for which among the following
a. To ensure just wages for all
b. Construction of schools, tanks
c. For implantation of social audits in villages
d. All of the above
10. RTI was passed in which year
a. 2006
b. 2007
c. 2005
d. 2004
The Reserve Bank of India and Government of India signed the Monetary Policy Framework
Agreement on 20 February 2015 which made inflation targeting and achieving price stability the
responsibilities of RBI. Subsequently, the government, while unveiling the Union Budget for
2016-17 in the Parliament, proposed to amend the Reserve Bank of India (RBI) Act, 1934 for
giving a statutory backing to the aforementioned Monetary Policy Framework Agreement and
for setting up a Monetary Policy Committee (MPC).
 11. Who is the head of the MPC
a. Rbi governor
b. Finance minister
c. Finance secretary
d. Prime minister
12. Which among this is true regarding the appointment of committee members
a. Members of the committee are appointed for 5 years and are eligible for
reappointment
b. Members of the committee are appointed for 4 years and are not eligible for
reappointment
c. Members of the committee are appointed for 4 years and are eligible for
reappointment
d. Members of the committee are appointed for 5 years and are not eligible for
reappointment
13. What is the target fixed for the inflation rate
a. +-2%
b. +-3%
c. +-4%
d. 6%
e. 4%
"The favorite FDI destinations remain the US, China and India," UNCTAD said, adding "Although
new liberalization efforts continue to improve the investment climate in India, tax-related concerns
remain a deterrent for some foreign investors". In South Asia, FDI inflows increased by 6 per cent
to USD 54 billion. Flows to India were stagnant at USD 44 billion. FDI inflows to developing Asia
are expected to increase by 15 per cent in 2017 to USD 515billion, as an improved economic
outlook in major Asian economies is likely to boost investor confidence. In major recipients such
as China, India and Indonesia, renewed policy efforts to attract FDI could contribute to an increase
of inflows in 2017, it said. The foreign outflows from South Asia declined by 29 per cent to only
USD 6 billion in 2016, as India's outward FDI dropped by about one third, it added.
14. Which among the following has been abolished recently by cabinet?
a. DIPP
b. FIPB
c. DICGC
d. IFB
15. How is FDI regulated through countries of concern?
a. FDI is approved through automatic means
b. FDI is approved through concerned ministries
c. FDI is approved through the home ministry
d. FDI is approved through DIPP and CCEA
 16. As per recently amended rules, FDI has to be approved in
a. 90 days
b. 30 days
c. 60 days
d. 15 days
17. Why did the government implement the new FDI rules
a. To bring in more capital into the economy
b. to improve the ease of doing business
c. To build a technological hub
d. To improve exports
e. To boost make in India
18. World investment report is published by
a. IMF
b. World bank
c. UNCTAD
d. OECD

In a country where barely nine per cent of start-up founders are women, and less than five per
cent of the start-up workforce comprises women, the glass ceiling now might see yet another
layer added to it. Women across the start-up ecosystem are expressing concerns that the new
maternity bill, which increases leave to six months for new mothers from the present 3, albeit a
positive policy for most working women, could make it even tougher for women to be hired
here. Especially for early stage start-ups where roles are largely action-based and a six month
absence could be a deal breaker
19. What is the index which measures the issue mentioned in the above passage( India
rating in it is 0.69) and is placed along with Iceland in the index
a. Global gender gap
b. Gender inequality index
c. Human development index
d. Ease of doing business
20. Which among the following schemes help in regarding the issue mentioned in the
passage?
a. Kishore Shakti yojana
b. Standup India startup India
c. Mattritva sahyog yojana
d. All of the above
21. Match the following which is of concern mentioned in the passage
i)Finance bill a)provides payment of compensation to
employees and their dependants in the case of
injury by industrial accidents, including
occupational diseases
ii)Maternity bill b) the employer may pay his employee’s wages either by cheque or
by crediting it into his bank account, after obtaining his written authorisation.
  Iii)Employee compensation bill c)The Act provides maternity leave up to 12
weeks for all women. The Bill extends this period to 26 weeks. However, a woman with two or more
children will be entitled to 12 weeks of maternity leave.

iv)Payment of wages act d)Certain Tribunals are proposed to be replaced,

and their functions are proposed to be taken over by existing Tribunals under other
Acts

a. i-d
b. ii-c
c. iii-a
d. iv-b

A paris based think tank projected Indian Economic growth to remain strong and India will
remain the fastest-growing G20 economy. The increase in public wages and pensions will
support consumption. Private investment will recover gradually as excess capacity diminishes,
and the landmark Goods and Services Tax and other measures to improve the ease of doing
business are being implemented. However, large non-performing loans and high leverage of
some companies are holding back investment
22. what was the Indian growth rate projection for 2018-19 by the paris based think tank
a. 7.3%
b. 7,4%
c. 7.5%
d. 7.6%
e. 7.7%
23. Which among these would help in reviving the growth in India
a. Trade restrictions
b. Import substitution strategy
c. Increase in investment
d. Increase in devolution of taxes to states
Warangal is a city in south-eastern India and the administrative headquarters of Warangal
district in the state of Telangana. The 11th-14th century inscriptions and literature refers
Warangal as Omtikonda or Orugallu or Oruganti or Ekashila Nagaram, on account of its
proximity to a monolithic hillock was the capital of the Kakatiya dynasty from 1195 CE until
that ruling family was defeated by the Delhi Sultanate in 1323.
24. Under which scheme the city was selected for the holistic development of these
heritage cities
a. AMRIT
b. JNNURM
c. HRIDAY
d. Smart cities
 25. Among the following given options which city was not selected under the scheme
mentioned above
a. Ajmer
b. Badami
c. Mathura
d. Velankanni
e. Aurangabad

Improving conditions for trade is particularly critical in Central Asia, given the inherently
challenging conditions in the region. Despite a long history as a center of global trade, today’s
economic structure of Central Asia is one of low density and long distances. The combined
population of the countries in Central Asia is approximately 63 million, spread unequally over a
relatively large geographical area, including large deserts and high mountainous, with limited
connectivity. Despite these conditions, the countries of Central Asia have benefited from
increased integration into the global economy over the last decade, largely driven by natural
resources and labor
26. Central Asian regional economic organization was started by which among the
following
a. ADB
b. AIIB
c. World Bank
d. NDB
e. IMF

Entrepreneurship is critical to India’s efforts to restart private investment into the economy,
in the face of risk aversion, stalled or slow investments from corporate India. Entrepreneurs
in India have faced two significant obstacles. One is government apathy, corruption and a
complex approvals process. The other is the power of entrenched corporates, to oppose or
kill entrepreneurs which challenge them

27. Identify the scheme recently initiated to develop the entities mentioned in the
passage

a. Make in India

b. Startup India stand up India

c. MUDRA

d. SMILE
 28. Which among the following sectors will be gained through it
a. Heavy industries
b. MSME
c. SHGS
d. Agriculture
e. Export-import
29. Which are the tax reforms India has taken to revive the growth
a. Reducing corporate tax to 30%
b. Increasing local body taxes
c. Goods and services tax
d. Import substitution reforms

Index of industrial production (IIP), a critical economic indicator, has of late become a source of
concern — sometimes unmerited — over the credibility of India’s statistics. The bellwether
high-frequency indicator is a key input into making and assessing policies, particularly those
pertaining to the manufacturing sector, inflation, interest rates and the flow of credit in the
economy
30. Why the IIP has been revised?
a. For international compliance
b. For better projections and increase the items in the basket
c. To reduce the divergence with GDP
d. To bring in sync with other economic indicators
31. Identify the true statement regarding the IIP revision
a. The revised financial year is 2012
b. The basket comprises of 676 units
c. It is calculated bi-monthly
d. The eight core industries comprises of 45% of the IIP
32. The new index proposed to better represent the growth of capital goods
a. Work in progress
b. Capital gain index
c. Index of capital prodiction
d. Capital In progress
This scheme is a redesign of the already existing Adolescent Girls (AG) Scheme being
implemented as a component under the centrally sponsored Integrated Child Development
Services (ICDS) Scheme. The new scheme dramatically extends the coverage of the earlier
scheme with significant content enrichment, strengthens the training component, particularly in
skill development, aspects aimed at empowerment and enhanced self-perception. It also fosters
convergence with other sectoral programmes, addressing the interrelated needs of adolescent
girls and women.
33. Identify the scheme mentioned in the passage
 a. Kishori Shakti yojana
b. Sabla
c. Mudra yojana
d. Shishu Shakti yojana
34. One of the key interventions under the programme is introduction of the Peer
Educators who act as a catalyst for generating demand for the adolescent health
services and imparting age appropriate knowledge on key adolescent health issues to
their peer groups. In order to equip the educators in doing so, the Health Ministry has
launched
a. Kishore saathiya app
b. Saathiya salah app
c. Suraksha app
d. SAHM app
A person staying in rural area and has finished degree in accounting is willing to leave his
village and settle in city for better opportunities.
35. which scheme would prevent him from leaving his place?
a. AMRIT
b. HRIDAY
c. RURBAN mission
d. JNNURM