NABARD Grade A 2021: Economic & Social Issues Questions
NABARD Grade A 2021: Economic & Social Issues Questions

NABARD Grade A 2021: Economic & Social Issues Questions

NABARD ESI Books, PDF, Previous Papers, Question Set, and study material. NABARD ESI Study Material PDF. Welcome to the Let’s Study Together online NABARD Grade-A Exam Section. If you are preparing for NABARD Grade-A Exam 2021, you will come across a section on “Economic & Social Issues (ESI)” (with a focus on Rural India) wherein 40 questions will be there carrying 40 marks.

In the NABARD Grade-A exam, Agriculture and Rural Development section hold an important role as it is asked in both phases i.e. Phase I and II. Here we are providing you with “Important Economic & Social Issues (ESI) Questions” for the NABARD Grade A & B 2021 Exam based on the latest pattern of your daily practice to enhance your exam preparation!

NABARD Economic & Social Issues (ESI) Question | Set-17


1. The independent Banking industry watchdog that protects consumers of banking services in India.

A. RBI
B. FMC
C. BCSBI
D. BSBDA
E. Banking Ombudsman

Show Correct Answers

Correct Answer – C. BCSBI

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

2. Which government document was made mandatory for availing more than Rs 50 Crore loan?

A. Pan card
B. Passport
C. Aadhaar Card
D. Ration card
E. Driving licence

Show Correct Answers

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.

3. Which of the following agencies/organizations/ministries has come out with ‘National Nutrition Strategy’?

A. Ministry of Health and Family Welfare
B. NITI Aayog
C. NGO Pratham
D. Ministry of Human Resources and Development
E. None of the above

Show Correct Answers

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.

4. _______________ is a situation in which the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high.

A. Inflation
B. Deflation
C. Stagflation
D. All of the above
E. None of these

Show Correct Answers

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.

5. Global economic prospect report is published by –

A. World Bank
B. IMF
C. World Economic Forum
D. United Nation
E. None of these

Show Correct Answers

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.

6. Which bank has launched the world’s first negative interest rate home loan?

A. Jyske Bank
B. Danske Bank
C. Sydbank
D. Nordea Bank
E. None of these

Show Correct Answers

Correct Answer – A. Jyske Bank      

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

7. In what respect core inflation is different from headline inflation?

A. It excludes fuel inflation
B. It excludes food inflation
C. In includes fuel and food inflation
D. Both A and B
E. None of these

Show Correct Answers

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

8. What is the maximum limit permitted by the Reserve Bank of India (RBI) for processing e-mandate on credit and debit cards along with Prepaid Payment Instruments (PPIs)?

A. 1000
B. 2000
C. 5000
D. 10000
E. None of these

Show Correct Answers

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.

9. Which of the following organizations releases the Global Economic Prospects Report?

A. The International Monetary Fund
B. The New Development Bank
C. The Asian Development Bank
D. The World Bank
E. The World Economic Forum

Show Correct Answers

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.

10. In which of the following situations there is a possibility of the policy rate (Repo Rate) being reduced by the RBI?

A. High Inflation rates
B. High liquidity in the market
C. Low Inflation rates
D. High credit growth
E. None of the above

Show Correct Answers

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.

NABARD ARD Notes 2021

Types of Cropping Systems Minimum Support Prices (MSP)
Water Conservation: Need and Importance Rural Development Organizations in India
Free Complete NABARD Grade-A 2021 Study Material – Click Here

Solving NABARD Economic & Social Issues (ESI) Practice Questions will not only help you understand the level of questions in the NABARD Grade-A Exam but also give you chance to learn the topics of the NABARD Grade A & B Exam syllabus.


A Complete Book for NABARD Economic & Social Issues (ESI) 2021– Download Now

A Complete Book for NABARD Economic & Social Issues (ESI) 2021

Study Material for NABARD Grade-A 2021

NABARD Grade A 2021 Important Links

1. NABARD Grade A Recruitment Notification 2021: Apply Online Click Here
2. NABARD Grade A Officers Exam Syllabus 2021 – Prelims/Mains Click Here
3. NABARD Grade A Officers Exam Pattern 2021 – Prelims/Mains Click Here
4. NABARD Grade A & B Previous Year Paper PDF – Download Here Click Here
5. NABARD Grade A Previous Year Cut Off Marks | 2019, 2018, 2017, 2016, 2015 Cut Off Marks Click Here
6. Best Books for NABARD – Grade A & B Exam, Study Material Exam Papers, PDFs Click Here
7. Section Wise Preparation Tips and Tricks to crack NABARD Grade-A Exam 2021 Click Here
8. How to prepare for NABARD Grade-A 2021 Exam– Preparation Tips and Tricks Click Here
9. NABARD Agriculture & Rural Development (ARD) Study Material | Quizzes | Books | Paper PDF Click Here
10. NABARD Economic & Social Issues (ESI) Study Material | Quizzes | Books | Paper PDF Click Here
11. General Awareness ( GA-GK) Questions Asked in NABARD Grade-A Exam Click Here
12. Economic and Social Issues (ESI) Questions Asked in NABARD Grade-A Exam Click Here
13. Agriculture and Rural Development (ARD) Questions Asked in NABARD Grade-A Exam Click Here

 

Attempt Free Mock Tests & Get Free eBooks

SBI Clerk 2023 Free Mock Tests – Attempt Free Here
SBI PO Mains 2023 Free Mock Tests – Attempt Free Here
IBPS PO Mains 2023 Free Mock Tests – Attempt Free Here
Free Current Affairs Test & Monthly Free eBook 2023 – Click Here
Download Free Ixammr Exam Preparation App By Let’s Study Together (LST)