Economics Questions for RBI Grade B PDF
Download Very important RBI Grade-B Economics questions with solutions PDF. This PDF covers Top-15 Economics questions and answers for RBI Grade-B exam based on previous year asked questions from RBI and other Banking exams.
Download Economics Questions for RBI Grade B
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Question 1: Money can be transferred using mobile phones through the service called
a) HEFT
b) ECS
c) IMPS
d) RTGS
Question 2: ‘Amber lox’ is the term related to
a) Market Access
b) Transparency in Governance
c) Trade facilitation
d) Agricultural Subsidies
Question 3: What does Buffer stock mean?
a) A barrier on stock creation when surplusis available
b) A reserve of commodities used to offset deficit
c) A focus on production of one specific variety when thereis a deficit
d) A preventive measure to stop excessive distribution
Question 4: What does Individual Vulnerability refer to in Economics?
a) The threat to Intellectual property
b) The threat of Exploitation
c) The threat to health
d) The threat of poverty
Question 5: Which institution is responsible for calculating the GDP of India?
a) Ministry of Finance
b) Reserve Bank of India
c) Central Statistics Office
d) Chief Economic Advisor
Question 6: Special Economic Zones are being set up by the Government in order to attract:
a) Traditional artisans
b) Cooperative companies
c) Foreign companies
d) Local companies
Question 7: Inflation would have most adverse effects on which of the following ?
a) Creditors
b) Debtors
c) Real-estate holders
d) Business people
Question 8: Child mortality implies children dying before their
a) $1^{st}$ birthday
b) $2^{nd}$ birthday
c) $3^{rd}$ birthday
d) $5^{th}$ birthday
Question 9: Insolvency and Bankruptcy Code comes into force from
a) 2016
b) 2017
c) 2018
d) 2015
Question 10: The demand for labour is the same as the ___________.
a) marginal revenue product
b) marginal physical product
c) marginal cost
d) wage
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Question 11: Value of Total Goods and Services produced in a country is its ……………….
a) Gross Domestic Product
b) Gross Revenue Income
c) Total Goods Revenue
d) Total Income
Question 12: An employer goes on employing more and more of a factor units until:
a) the Average Revenue Productivity becomes equal to Marginal Revenue Productivity.
b) the Marginal Revenue Productivity becomes zero.
c) the Diminishing Marginal Returns sets into operation
d) the Marginal Revenue Productivity of a factor becomes equal to its reward
Question 13: What is difference of Revenue expenditure and Revenue receipts called as?
a) Revenue
b) Total expenditure
c) Revenue Deficit
d) Total revenue
Question 14: Why are the Indirect ‘Taxes termed as ‘Regressive Taxing Mechanisms’?
a) Indirect taxes are charged uniformly to all income groups.
b) Indirect tax with different tax rates are charged differentially to different people.
c) Indirect taxes have progressive tax schedule, meaning high income group may pay more taxes.
d) None of the above
Question 15: IFSC is the short term of
a) International Financial System Code
b) Indian Financial System Code
c) Inter-bank Financial System Code
d) Inter-bank Functional System Code
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Answers & Solutions:
1) Answer (C)
2) Answer (D)
3) Answer (B)
4) Answer (D)
5) Answer (C)
6) Answer (C)
7) Answer (A)
8) Answer (D)
9) Answer (A)
10) Answer (A)
Download RBI Grade-B Previous Papers PDF
11) Answer (A)
12) Answer (D)
13) Answer (C)
14) Answer (A)
15) Answer (B)
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