RBI Grade B Economic & Social Issues (ESI) Quiz for Phase II 2023
RBI Grade B Economic & Social Issues (ESI) Quiz for Phase II 2023

RBI Grade B Economic & Social Issues (ESI) Quiz for Phase II 2023

Economic & Social Issues (ESI) Questions with the answer. RBI Grade B Economic & Social Issues (ESI) Notes PDF.RBI Grade B ESI Study Material PDF. RBI Economic & Social Issues (ESI) Books, PDF, Previous Papers, Question Set, and study material.As we all know that RBI Grade B Notification 2023 is out. The Reserve Bank of India (RBI) conducted the RBI Grade B Phase I Exam for the post of Grade B (Grade ‘B’ (DR) – (General) & others). It’s the right time when you should start your RBI Grade B 2023 Phase II preparation at full pace.

If you are preparing for RBI Grade B 2023 ( Phase II), you will come across a section on “Economic & Social Issues (ESI)  wherein 65 questions will be there carrying 50 marks. Here we are providing you with “Economic & Social Issues (ESI) Questions For RBI Grade B” with answers based on the latest pattern of your daily practice.

Economic & Social Issues (ESI) Questions For RBI Grade B | Set-11


1. The Reserve Bank of India released guidelines for outsourcing, targeted at which category of banks?

  1. Regional Rural Banks
  2. Cooperative Banks
  3. Foreign Banks
  4. Local Area Banks
  5. None of these

Show Correct Answers

Correct Answer:  B. Cooperative Banks

Explanation:  The Reserve Bank of India released guidelines for co-operative banks to manage risks that could arise from outsourcing of financial services. As per the guidelines, the bank should retain the core control of outsourced activities and make the outsourcing as per guidelines within six months. It also said the CEO and the senior management of co-operative banks would be responsible for evaluating risks of all.

2. What is the expansion of ONDC, a recent project initiated by the Department for Promotion of Industry and Internal Trade (DPIIT)?

  1. Open Network for Digital Commerce
  2. Outsourced Network for Digital Commerce
  3. Open Network for Development Commerce
  4. Output Network for Development Commerce
  5. None of these

Show Correct Answers

Correct Answer:  A. Open Network for Digital Commerce

Explanation:  The Department for Promotion of Industry and Internal Trade (DPIIT) has recently appointed an advisory committee for its Open Network for Digital Commerce (ONDC) project. It aims to promote Open networks developed in open-source methodology. This can also make e-commerce processes open source. National Health Authority CEO RS Sharma and Infosys non-executive chairman Nandan Nilekani are appointed in this council.

3. India joined OECD/G20 Inclusive Framework on BEPS. What is the expansion of BEPS?

  1. Business Erosion and Profit Shifting
  2. Base Erosion and Profit Shifting
  3. Business Expansion and Profit Shifting
  4. Base Expansion and Profit Shifting
  5. None of these

Show Correct Answers

Correct Answer:  B. Base Erosion and Profit Shifting

Explanation:  India joined the global tax deal under the G20-OECD Inclusive Framework on Base Erosion and Profit Shifting (BEPS). It seeks to reform international tax rules and ensure that multinational companies pay their fair share wherever they operate. However, when the global tax regime is implemented, India will have to roll back the equalisation levy that it imposes on MNCs such as Google, Amazon and Facebook.

A Complete Book for RBI Grade B Economic & Social Issues (ESI) 2023- 1700+ Questions with Detailed Answers

4. Which Indian state/UT Government has framed a dedicated policy for the welfare of street children?

  1. Andhra Pradesh
  2. Delhi
  3. Tamil Nadu
  4. Odisha
  5. None of these

Show Correct Answers

Correct Answer:  B. Delhi

Explanation:  The Delhi government has framed a dedicated policy for the welfare of street children amidst the pandemic situation. It is prepared by the Delhi government’s Women and Child Development Department (WCD). It suggests that district administration could train the children rescued from streets (on attaining 18 years) as Civil Defence Volunteer. The policy also proposes the composition of District Child Protection Convergence Committee (DCPCC) above the District Task Force (DTF) for rescuing children.

Directions:(5-7) The scheme was launched to create a universal social security system for all Indians, especially the poor, the under-privileged and the workers in the unorganised sector. It is an initiative of the Government to provide financial security and cover future exigencies for the people in the unorganized sector. The scheme is administered by the Pension Fund Regulatory and Development Authority (PFRDA).

5. About which scheme the passage is talking about-

A. Atal Pension Yojana (APY)
B. Pradhan Mantri Suraksha Bima Yojana (PMSBY)
C. Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
D. PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi)
E. None of the above

Show Correct Answers

Correct Answer – A. Atal Pension Yojana (APY)

Explanation: Atal Pension Yojana (APY) addresses the old age income security of the working poor and the longevity risks among the workers in unorganised sector. It encourages the workers in unorganised sector to voluntarily save for their retirement.The Government had launched the scheme with effect from 1st June, 2015. The scheme replaces the Swavalamban Yojana / NPS Lite scheme.

How to prepare for RBI Grade ‘B’ Officers Exam 2023 – Preparation Tips & Tricks

6. The minimum period of contribution by the subscriber under the scheme is____.

  1. 10 years
  2. 15 years
  3. 18 years
  4. 20 years
  5. 22 years
Show Correct Answers

Correct Answer – D. 20 years

Explanation: The paragraph is about the Atal Pension Yojana (APY).

  • The Government had launched the scheme with effect from 1st June, 2015.
  • The scheme replaces the Swavalamban Yojana / NPS Lite scheme.
  • The minimum age of joining APY is 18 years and maximum age is 40 years. Therefore, minimum period of contribution by the subscriber under APY would be 20 years or more.

RBI Grade B 2022 Mock Test Papers PDF – Download eBook Now

7. Which of the following statement is not correct with respect to the scheme mentioned in the passage?

  1. The subscribers of the scheme will get a fixed pension of minimum Rs. 5000.
  2. The minimum age of joining the scheme is 18 years and maximum age is 40 years.
  3. The same pension is payable to Spouse after death of Subscriber.
  4. The scheme replaces the Swavalamban Yojana.
  5. None of the above
Show Correct Answers

Correct Answer – A. The subscribers of the scheme will get a fixed pension of minimum Rs. 5000.

Explanation: Atal Pension Yojana (APY) addresses the old age income security of the working poor and the longevity risks among the workers in unorganised sector.

  • It encourages the workers in unorganised sector to voluntarily save for their retirement.
  • The minimum age of joining APY is 18 years and maximum age is 40 years. Therefore, minimum period of contribution by the subscriber under APY would be 20 years or more.
  • The Government had launched the scheme with effect from 1st June, 2015.
  • The scheme replaces the Swavalamban Yojana / NPS Lite scheme.
  • Subscribers of APS would receive the guaranteed minimum monthly pension of Rs. 1000 or Rs. 2000 or Rs. 3000 or Rs. 4000 or Rs. 5000 at the age of 60 years.

8. The Ministry of Science and Technology is to set up North-East’s first Centre of Excellence in which state?

  1. Assam
  2. Sikkim
  3. Arunachal Pradesh
  4. Meghalaya
  5. None of these

Show Correct Answers

Correct Answer:  C. Arunachal Pradesh

Explanation:  The Ministry of Science and Technology is setting up a first-of-its-kind Centre of Excellence in the Northeast, at Kimin in Papum Pare district of Arunachal Pradesh. The project to establish the Centre for Bio-Resources and Sustainable Development as a Centre of Excellence was sanctioned by the Department of Biotechnology. The construction of the new building and other infrastructure has been completed at a cost of nearly Rs 50 crore.

9. Researchers from which University has begun the clinical trial of potential HIV vaccine, HIVconsvX?

  1. Oxford
  2. Harvard
  3. Cambridge
  4. MIT
  5. None of these
Show Correct Answers

Correct Answer:  A. Oxford

Explanation:  Researchers at the University of Oxford in the United Kingdom have started the phase-one clinical trial, wherein they gave the first doses of a potential HIV vaccine to volunteers. According to the university, the experiment will assess the vaccine’s safety, tolerability, and immunogenicity. The HIV-CORE 0052 study is a part of the European Aids Vaccine Initiative. This will enrol 13 HIV-negative people who are not deemed to be at high risk of infection.

Get Complete RBI Grade B 2023 Study Material – Previous Year Papers PDF, EBooks & Online Quizzes

10. The 2030 agenda for sustainable development summit which was signed by 193 member countries was organized by?

  1. UNDP
  2. UNEP
  3. UN Secretariat
  4. International Solar Alliance
  5. UNCTAD

Show Correct Answers

Correct Answer – C. UN Secretariat           

Explanation: The SDGs were set up in 2015 by the United Nations General Assembly (UN-GA) and are intended to be achieved by 2030. They are included in a UN-GA Resolution called the 2030 Agenda or what is colloquially known as Agenda 2030. The 2030 agenda for sustainable development summit which was signed by 193 member countries was organized the UN Secretariate.

Economic & Social Issues (ESI) Quizzes For RBI Grade B 2023

Set-10 Set-9 Set-8 Set-7 Set-6
Set-5 Set-4 Set3 Set-2 Set-1

We already published RBI Grade B Phase-II Cracker eBook 2023 – Economic & Social Issues (ESI) (Theory Notes & 1700+ MCQ)”. You can Download this EBook through the below link-

RBI Grade B 2023 – Important Links

Attempt Free Mock Tests & Get Free eBooks

Free Current Affairs Test & Monthly eBook 2024 – Click Here
SEBI Grade A Cracker 2024 – Attempt 10000+ MCQ  Here
RBI Grade B Cracker 2024 – Attempt 11000+ MCQ  Here
SBI Clerk Mock Tests – Attempt Free Here
SBI PO Free Mock Tests – Attempt Free Here
IBPS PO Mock Tests – Attempt Free Here
Best Topic Wise Tests for Bank (PO/Clerk) Exams 2024: 10000+ Questions with Answers