Economic & Social Issues (ESI) Questions For RBI Grade B Phase II 2021 | Set-3

1. Which of the following criteria needs to be satisfied for a place to be classified as a Census Town?
1. A minimum population of 5,000.
2. A minimum population of 7500.
3. At least 75 percent of the male main working population engaged in non-agricultural pursuits.
4. At least 50 percent of the male main working population engaged in non-agricultural pursuits.
5. A density of population of at least 400 persons per sq. km.
6. A density of population of at least 600 persons per sq. km.

A. 2, 4 and 6
B. 1, 4 and 5
C. 1, 3 and 5
D. 2, 4 and 5
E. 1, 4 and 6

2. As per the Census 2011, which of the following states has the highest number of Census Towns?

A. Maharashtra
B. Uttar Pradesh
C. West Bengal
D. Tamil Nadu
E. Karnataka

3. Which of the following statement(s) is/are correct with regard to the Urban areas according to the Census 2011?
A. For the first time since Independence, the absolute increase in population as per Census 2011 is more in urban areas than in rural areas (when compared to Census 2001).
B. Level of urbanization increased from 27.81% in 2001 Census to 31.16% in 2011 Census
C. The rural-urban literacy gap which was 21.2 percentage points in 2001, has come down to 16.1 percentage points in 2011.
D. The gender gap in literacy has come down from 24.6 in 2001 to 19.8 in 2011 in rural areas and from 13.4 in 2001 to 9.8 in 2011 in urban areas.
E. All the above

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4. Which of the following state has launched India’s first social audit law?
A. Nagaland
B. Tripura
C. Assam
D. Meghalaya
E. Himachal Pradesh

5. With regard to the principle of the trading system under the WTO: ‘National Treatment’, which of the following statements is correct?
A. It is a principle which states that both imported, and locally-produced goods should be treated equally even before the foreign goods have entered the market.
B. It is a principle which states that locally produced goods should always be given preference over the imported goods.
C. It is a principle which states that imported goods should be given preference over the locally produced goods.
D. It is a principle which states that both imported, and locally-produced goods should be treated equally at least after the foreign goods have entered the market.
E. None of the above given statements are correct.

6. Report projecting a decline in growth of world output and that of EMDEs by 0.3 and 0.1 percentage points respectively. What is the full form of EMDEs?
A. Emerging Management and Developing Economies
B. Emerging Market and Department Economies
C. Emerging Market and Developing Economies
D. Economy Market and Developing Emerging
E. Emerging Mangoman and District Economies

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7.If the Union government is said to be following a path of Fiscal Consolidation, then which of the following statement(s) is/are correct?
1. The government is borrowing freely and using the money to fulfil its obligations.
2. The Fiscal Deficit of the government increases on following the path of fiscal consolidation.
3. Fiscal Deficit indicates the amount of government borrowing for that particular year.
4. The Fiscal Responsibility and Budget Management (FRBM) Act gives the targets for fiscal consolidation in India

A. 1 and 2
B. 2 and 3
C. 1, 2 and 3
D. 3 and 4
E. 1, 2, 3 and 4

8. PAN number is required for-
A. Deposits less than Rs.50,000/-
B. Deposits in excess of Rs.1 lac
C. Deposits Rs.50,000/- & above
D. All transactions
E. None of these

9. Which of the following can be an exception under the Most Favoured Nation (MFN) principle of the WTO?
A. A developed country granting special access to their markets to other developed countries.
B. A country granting special favors in trade to another country on political lines.
C. A developing country granting special access to their markets to developed countries.
D. The countries can set up a free trade agreement that applies only to goods traded within the group discriminating against goods from outside
E. None of the above

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10. What of the following committee was constituted by the Reserve Bank of India for suggesting a roadmap on full convertibility of Rupee on Capital Account?
A. Mayaram Committee
B. Narasimhan Committee
C. Tarapore Committee
D. Raghurajan Committee
E. M B Shah Committee

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