NABARD Grade A & B Exam 2021 : Economic & Social Issues (ESI) Questions | Set-17

Correct Answer – C. BCSBI

Explanation: Banking codes and standards board of India. It was registered as a society under the societies registration act 1960.

Correct Answer – B. Passport

Explanation- Passport details of borrowers taking loans of Rs 50 crore and more have been made mandatory to ensure a swift action in case of fraud and prevent fraudsters from fleeing the country.

Correct Answer – B. NITI Aayog

Explanation- To bring nutrition to the centre-stage of the national development agenda, government think tank NITI Aayog has drafted a National Nutrition Strategy. The strategy lays down a roadmap for effective action, among both implementers and practitioners, in achieving nutrition objectives. The nutrition strategy envisages a framework wherein the four proximate determinants of nutrition– uptake of health services, food, drinking water and sanitation and income and livelihoods–work together to accelerate decline of under nutrition in India.

Correct Answer – C. Stagflation

Explanation- In economics, stagflation, or recession-inflation, is a situation in which the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high. It presents a dilemma for economic policy, since actions intended to lower inflation may exacerbate unemployment, and vice versa.

Correct Answer: A. World Bank

Explanation- Global economic prospect (GEP) is a World Bank Group flagship report that examines global economic developments and prospects, with a special focus on emerging market and developing economies. It is issued twice a year, in January and June. The January edition includes in-depth analyses of topical policy challenges while the June edition contains shorter analytical pieces.

Correct Answer – A. Jyske Bank      

Explanation- Denmark’s third-largest bank, Jyske Bank, launched the first negative interest rate mortgage in the world.

Correct Answer – D. Both A and B

Explanation- Food and fuel inflation forms one of the components of headline inflation in India.

• Headline Inflation, as the name suggests, is the total inflation for the period, comprising a basket of commodities.
• Core Inflation excludes volatile goods from the basket of commodities tracking Headline Inflation. These volatile commodities mainly comprise food and beverages (including vegetables) and fuel and light (crude oil).
• Core inflation = Headline inflation – (Food and Fuel) inflation

Correct Answer – B. 2000

Explanation- The Reserve Bank permitted processing of e-mandate on credit and debit cards for recurring transactions (merchant payments) with a cap of Rs 2,000.

Correct Answer: D. The World Bank

Explanation- Global Economic Prospects is a World Bank Group flagship report that examines global economic developments and prospects, with a special focus on emerging market and developing economies.It is issued twice a year, in January and June. The January edition includes in-depth analyses of topical policy challenges while the June edition contains shorter analytical pieces.

Correct Answer: C. Low Inflation rates

Explanation- When the inflation rates are low, the Central Bank usually follows Accommodative or Expansionary monetary policy. It is followed by RBI to increase the money supply in the economy. This is done by lowering of the repo rate by the RBI (though there are other tools as well) so that borrowing money gets easier. And people consume more. It is done to boost the economy when it is slowing. This type of policy is also called as Easy or Expansionary Monetary Policy of the RBI.