RBI Grade B Exam 2021 General Awareness MCQ Set-2 – Free PDF Download

Q1. Govt has announced the National Infrastructure Pipeline (NIP). Govt plans to spend Rs 102 lakh crores on infrastructure projects by which year?

1. 2022
2. 2025
3. 2027
4. 2030

Q2. Recently DPIIT revised its FDI policy. What was the reason behind it?

1. To curb the predatory foreign investment
2. To increase foreign investment
3. To increase domestic investment
4. To curb investment of wealthy people

• In the last five years, Chinese investment in India has drastically increased from US $1.6 billion in 2014 to at least US $26 billion in 2019.
• It was anticipated that Chinese entities would take advantage of the economic slump caused by the COVID-19 outbreak to raise their stakes in Indian entities.
• Thus an entity which shares a land border with India can invest only under the Government route.

Q3. The report titled- ‘Estimates of the impact of COVID-19 on global poverty’ was released by which organization?

1. World Economic Forum
2. World bank
3. IMF
4. United Nations

• India has an estimated 812 million poor people, which could increase to 915 million, due to the impact of COVID pandemic, as per the projections in this report

Q4. Which of the following statements regarding International Labour Organisation (ILO) is correct?

1. It is a specialized agency of the United Nations headquartered in Paris, France
2. It was created in 1945 along with United Nations.

1. 1 only
2. 2 only
3. Both 1 & 2
4. None of the above

• ILO released third edition of the ILO Monitor: COVID-19 and the world of work.
• Headquartered in Geneva, Switzerland.
• It was created in 1919, as part of the Treaty of Versailles.
• Other reports released by the ILO-
• World Employment and Social Outlook
• Global Wage Report
• World Social Protection Report

Q5. Which of the following statements regarding International Energy Agency is correct?

1. The report “Global Energy Review 2020” is released by IEA.
2. It is an autonomous body within the OECD
3. India is the member since its inception.

1. 3 only
2. 1 & 2 only
3. 2 & 3 only
4. All of the above

• The IEA is made up of 30 member countries.
• Before becoming a member country of the IEA, a candidate country must meet several criteria.
• For e.g. It must have crude oil or product reserves equivalent to 90 days of the previous year’s net imports.
• India is the associate member of IEA.

Q6. To ease liquidity pressures on mutual funds, RBI announced a special liquidity facility of ₹50,000 crore for mutual funds.
This SLF-MF is on-tap and open-ended.
Which of the following statements are correct?

1. On-tap means no restriction on the amounts to borrow.
2. Open-ended implies that the amount is available whenever needed.

1. 1 only
2. 2 only
3. Both 1 & 2
4. None of the above

Q7. Mahalanobis model is often talked about in Indian Planning
Consider the following statements related to it:
A. This model is related to second five year plan
B. The plan focused on rapid industrialization – heavy & basic industries
C. Another key aspect of the plan was import substitution that focused on giving impetus to domestic industries and manufacturing
Which of the above is correct?

1. A and B
2. B and C
3. A and C
4. All of the above

Q8. Consider the following about Per Capita income in India:
A. Between 2010 and 2020, Per capita doubled from around $1,000 to $2,000 per person, an average growth rate of around 7.2% per annum
B. While India and China had almost same per capita income during 1990-91, currently China’s per capita GDP is about 5 times of that of India
Which of the above is correct?

1. A only
2. B only
3. A and B
4. Neither A nor B

Q9. Consider the following states:
A. Goa
B. Haryana
C. Sikkim
D. Himachal Pradesh
Arrange the following states in the decreasing order of their Net state domestic product (NSDP) per capita for the years 2018-19

1. CBAD
2. DCBA
3. ACBD
4. BDAC

Q10. India since Independence has been categorized as a Mixed Economy
What does it denote?

1. Existence of heavy and small industries
2. Existence of rural and urban sectors
3. Existence of developed and underdeveloped sectors
4. None of the above

• When faced with none of the above as the correct option, it can get tricky when one does not know the answer as guessing can go wrong.
• This was a fairly easy question.
• In a mixed economy, private and public sectors go side by side. The government directs economic activity in some socially important areas of the economy, the rest being left to the price mechanism to operate
• The coexistence of large public sector with big private sector has transformed the economy into a mixed one. Industrial policies of 1948 and 1956 formulated by the Indian government have made the provision of such coexistence. Some basic and heavy industries are being run under the public sector. However, with the liberalisation of Indian economy, the scope of private sector has further enhanced

Q) Gadgil – Mukharjee Formula in history of Indian planning was used to:

1. Determine appropriate size of fiscal deficit for the government
2. Calculate the tax liability of MNCs operating in India
3. Distribute seats among geographical areas based on new Census
4. Allocate financial assistance to states from the Centre

RBI GRADE B Exam MCQs | Free PDF

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