RBI GRADE ‘B’ OFFICER’S EXAM Held on : 18.12.2011 (Part-I)

11. What is the contribution of Agricultural sector in total GDP of India ? About-

Correct Answer: (1) 10%

Solution:Agriculture and allied sec- tors like forestry, logging and fishing accounted for 15.7% of the GDP in 2009–10. The share of Agriculture and allied sectors in GDP is estimated to be 14.2% in 2010-2011.

12. What is the contribution of Service Sector in total GDP of India ?

Correct Answer: (5) None of these

Solution:The contribution of the services sector to the Indian economy has been manifold:
a 55.2 per cent share in gross domestic product (GDP).

13. In India, the National Income is measured on the basis of-

(1) Flow of goods only
(2) Number of employed youth only
(3) Volume of tax collected per annum
(4) Earning of people working in PSUs and Government jobs
(5) All of these

Correct Answer: (5) All of these

Solution:Normally, national income means the total of value of commodities and services produced in any country during a year.

14. Which one of the following a measure of Fiscal Reforms, has Government of India adopted ?

(1) Bringing down fiscal deficit to a particular level by an Act of Law
(2) Fixing higher rate of growth
(3) Allocation of more funds to job oriented schemes
(4) Allocation of more funds to provide education to children who are 6-14 years of age
(5) None of these

Correct Answer: (1) Bringing down fiscal deficit to a particular level by an Act of Law

Solution:The Central Government, by rules made by it, was to reduce annual fiscal deficit of the
country; and annual targets for assuming contingent liabilities in the form of guarantees and the total liabilities as a percentage of the GDP.

15. 'Green House Gases' are responsible mainly for-

(1) Growth of Livestock population
(2) Volume of foreign trade
(3) Quality of agro products in a country
(4) Industrial Development of a nation
(5) Global warming

Correct Answer: (5) Global warming

Solution:Green house gases are responsible for global warming.

16. Which of the following in India is implemented in all the districts of the country for providing 100 days employment to those willing to do manual jobs in rural areas?

(1) Pradhan Mantri Gram Sadak Yojana
(2) Bharat Nirman
(3) Mahatma Gandhi National Rural Employment Guarantee Act
(4) Swarn Jayanti Gram Swarojgar Yojana
(5) All of these

Correct Answer: (3) Mahatma Gandhi National Rural Employment Guarantee Act

Solution:The Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA)
was enacted in 2005.

17. Which of the following is a Social Development programme launched by the Government of India for school children?

Correct Answer: (4) Mid Day Meal Scheme

Solution:The Mid-Day Meal Scheme is the popular name for school meal programme in India
which started in the 1960s.

18. Which of the following economic concept is categorized on the basis of Current Account or Capital Account or both?

(1) Balance of payment
(2) Value of the foodgrain stock of a country
(3) Gross National Product (GNP)
(4) Gross National Income (GNI)
(5) Total collection of Direct Taxes in a year

Correct Answer: (1) Balance of payment

Solution:Balance of payments

19. Which of the following acts is/ was introduced for the purpose of sustainable growth?

(1) Water (Prevention and Control of Pollution) Act
(2) Narcotics and Psychotropic Substance Act
(3) Foreign Exchange Management Act
(4) Banking Regulation Act
(5) Prevention of Money Laundering Act

Correct Answer: (1) Water (Prevention and Control of Pollution) Act

Solution:Sustainable development (SD) is a pattern of growth in which resource use aims to
meet human needs while preserving the environment so that these needs can be met
not only in the present, but also for generations to come (sometimes taught as ELF-Environment, Local people, Future).

20. 'IAEA' is an organization which functions in the area of

(1) Prevention of Money Laundering
(2) Control of Foreign Direct Investment
(3) Nuclear Energy
(4) World Trade
(5) Promoting International understanding among the nations.

Correct Answer: (3) Nuclear Energy

Solution:The IAEA was established as an autonomous organisation on 29 July 1957.