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-17


1. AMRIT (Affordable Medicines and Reliable Implants for Treatment) scheme of government aims to provide affordable life-saving cancer, cardiac drugs and medical disposables. The scheme is being implemented through which PSU?

  1. Bengal Chemicals & Pharmaceuticals
  2. Bharat Immunological and Biologicals Corporation Limited (BIBCOL)
  3. Hindustan Antibiotics
  4. IFCI Limited
  5. HLL Lifecare Ltd (HLL)

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Correct Answer – E. HLL Lifecare Ltd (HLL)

Explanation- The flagship programme of the Union Health ministry – AMRIT (Affordable Medicines and Reliable Implants for Treatment) aims to provide affordable life-saving cancer, cardiac drugs and medical disposables. The AMRIT pharmacies offer an average discount of 63% on medicines. The AMRIT programme was launched in November 2015 and is being implemented through mini-Ratna PSU HLL Lifecare Ltd (HLL) which has been setting up pharmacies at major hospitals across the country.

2. The preceding agency to Competition Commission of India was:-

  1. Cabinet committee on Economic Affairs (CCEA)
  2. Monopolies and Restrictive Trade Practices Commission (MRTPC)
  3. Controller of Competition of India (CCOI)
  4. Controller of Capital Issues (CCI)
  5. None of these

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Correct Answer – B. Monopolies and Restrictive Trade Practices Commission (MRTPC)

Explanation- The Competition Commission was a non-departmental public body responsible for investigating mergers, markets and other enquiries related to regulated industries under competition law in the United Kingdom. It was a competition regulator under the Department for Business, Innovation and Skills (BIS). It was tasked with ensuring healthy competition between companies in the UK for the ultimate benefit of consumers and the economy. The Competition Commission replaced the Monopolies and Mergers Commission on 1 April 1999. It was created by the Competition Act 1998, although the majority of its powers were governed by the Enterprise Act 2002.

3. The Industrial Policy Statement of 1973 introduced a new classificatory term i.e., core industries. Which one of the following was not the part of 6 core industries as mentioned in the statement?

  1. Electricity
  2. Cement
  3. Iron and Steel
  4. Food Processing
  5. Coal

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Correct Answer – D. Food Processing

Explanation- A new classificatory term i.e., core industries was created. The industries which were of fundamental importance for the development of industries were put in this category such as iron and steel, cement, coal, crude oil, oil refining and electricity. In the future, these industries came to be known as basic industries, infrastructure industries in the country.

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4. In a national economy GVA gives a picture of the state of economic activity from the _____ side and the GDP gives the picture from the ______ side perspective.

  1. Consumer, Producer
  2. Supply, Demand
  3. Producer, Consumer
  4. Demand, Supply
  5. Either (b) or (c)

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Correct Answer: C. Producer, Consumer

Explanation- GVA: It is a measure of total output and income in the economy. It provides the rupee value for the amount of goods and services produced in an economy after deducting the cost of inputs and raw materials that have gone into the production of those goods and services. It also gives sector-specific picture like what is the growth in an area, industry or sector of an economy.

  • GDP: gives the economic output from the consumers’ side. It is the sum of private consumption, gross investment in the economy, government investment, government spending and net foreign trade (difference between exports and imports).
  • Difference between GDP and GVA: While GVA gives a picture of the state of economic activity from the producers’ side or supply side, the GDP gives the picture from the consumers’ side or demand perspective. Both measures need not match because of the difference in treatment of net taxes.

5. Which of the following is not a scheme aimed towards welfare of minority community in India?

A. Jiyo Parsi
B. Nai Manzil
C. USTAAD
D. Seekho aur Kamao
E. Nai Kiran

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Correct Answer: E. Nai Kiran

Explanation- While all other are the schemes aimed towards welfare community in India, Nai Roshni not Nai Kiran is the scheme to reach out to women through nongovernmental organizations who will be provided with financial support for conducting leadership development trainings so that women are empowered and emboldened to move out of the confines of home and community and assume leadership roles and assert their rights collectively or individually.

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6. Which article of the constitution guarantees free and compulsory education (RTE) of children in the 6 to 14 age group in India?

  1. Article 19-A
  2. Article 39
  3. Article 14
  4. Article 27-A
  5. Article 21-A
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Correct Answer – E. Article 21-A

Explanation- Free and compulsory education of children in the 6 to 14 age group in India became a fundamental right when, in 2002, Article 21-A was inserted in the 86th Amendment to the Constitution. This right was to be governed by law, as the state may determine, and the enforcing legislation for this came eight years later, as the Right of Children to Free and Compulsory Education (RTE) Act, 2010, or the RTE Act.

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7. In India which is the agency responsible for collection and dissemination of statistics in respect of the Financial and External Sector?

  1. Union Ministry of Finance
  2. NABARD
  3. Ministry of statistics and programme implementation
  4. RBI
  5. None of these
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Correct Answer – D. RBI

Explanation- The Reserve Bank of India (RBI) is the main agency for collection and dissemination of statistics in respect of the Financial and External Sector. It has an elaborate mechanism to collect, compile and disseminate these data. Most of the data are released through its website. Current data dissemination of RBI encompasses not only traditional publications such as the Annual Report, Report on Currency and Finance, Report on Trend and Progress of Banking in India, Handbook of Statistics on Indian Economy, Monthly Bulletin and the Weekly Statistical Supplement to the Bulletin, but also high frequency data and information on financial markets on a daily basis through the website and Press Releases.

8. The International Committee of the Red Cross (ICRC) is a humanitarian institution based in?

  1. Paris, France
  2. London, UK
  3. Geneva, Switzerland
  4. Austria, Vienna
  5. Washington DC, US

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Correct Answer – C. Geneva, Switzerland

Explanation- and a three-time Nobel Prize Laureate. State parties (signatories) to the four Geneva Conventions of 1949 and their Additional Protocols of 1977 (Protocol I, Protocol II) and 2005 have given the ICRC a mandate to protect victims of international and internal armed conflicts. Such victims include war wounded, prisoners, refugees, civilians, and other non-combatants.

9. National Backward Class Finance and Development Corporation offers loans to SHGs through a micro finance scheme. What is the maximum loan limit per beneficiary?

A. Rs. 50,000
B. Rs. 30,000
C. Rs. 75,000
D. Rs. 1,00,000
E. Rs. 90,000

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Correct Answer – A.  Rs. 50,000

Explanation-SHGs is a small economically homogenous and affinity group of poor people voluntarily formed to save and mutually agree to contribute to a common fund to be lent to its members as per group decision.

State Channelizing Agencies (SCAs) may also play a vital role through their field officers, encouraging people of the target group in forming Self-Help-Groups and get financial assistance under Micro Finance Scheme of NBCFDC. Salient Features of the Scheme

  • Maximum loan limit per beneficiary: Rs. 50,000/-
  • Maximum number of persons in one SHG: 20

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10. The Electronic Vaccine Intelligence Network (eVIN) is being implemented under which programme?

  1. National Vaccination Mission
  2. Mission Indra Dhanush
  3. National Health Mission
  4. Pradhan Mantri Swasthya Suraksha Yojana
  5. None of these

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Correct Answer:  C. National Health Mission

Explanation:  The Union Ministry of Health and Family Welfare is implementing the Electronic Vaccine Intelligence Network (eVIN) under the National Health Mission (NHM).It is an innovative technological solution that aims to strengthen immunization supply chain system across the country. It aims to provide real-time information on vaccine stocks and storage temperatures. At present the network has been used in 22 states and will be rolled out in all states.

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

Set-20 Set-19 Set-18 Set-17 Set-16
Set-15 Set-14 Set-13 Set-12 Set-11
Set-10 Set-9 Set-8 Set-7 Set-6
Set-5 Set-4 Set3 Set-2 Set-1

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