Dear Aspirants,
Welcome
to Mentor for Bank Exams. NABARD Grade A Recruitment for 2018
is announced and Prelims Exam is scheduled on 12th May 2018. As you know that
exam is approaching, you need to be very focused on practice more and more
questions to maximize your score. The Economic and Social Issues Section
carries 40 marks. For the clear idea of NABARD Prelims Exam, go through
this NABARD Economic and Social Issues MCQ’s daily.
1. What is the percentage
of female workforce in our country as per the 2011 Census?
a) 18.4%
b) 22.3%
c) 24.4%
d) 25.5%
e) 27.5%
Answer: D)
Explanation: The number
of female workers stands at 127,220,248 which is 25.5% of total working
population.
2. Which state has
launched a Ama Gaon, Ama Vikas (Our Village, our development) scheme to reach
out to the people in rural areas and involve themselves in the developmental
activities?
a) Uttar
Pradesh
b) Bihar
c) Andhra
Pradesh
d) Odisha
e) Madhya
Pradesh
Answer: D)
Explanation: Odisha has
launched a Ama Gaon, Ama Vikas (Our Village, our development) to reach out to
the people in rural areas and involve themselves in the developmental
activities. CM flagged off wi-fi enabled mobile video wall vans through which
people can send their grievances directly to the CM’s office. With this
initiative the administration will solve the the grievances of the people
quickly.
3. Which of the
following rates is closest to Marginal standing facility rate?
a) Liquid
adjustment facility rate
b) Repo
rate
c) SLR
d) Reverse
repo rate
e) Call
money rate
Answer: A)
Explanation: LAF is a
monetary policy to which allows banks to borrow money through repurchase
agreements. MSF refers to the penal rate at which banks can borrow
money from the central bank over and above what is available to them through
the LAF window. So the two are practically the same
4. Under Union Budget
2018, Government has allocated how much amount for rural infrastructure?
a) Rs 10
lakh crore
b) Rs 11
lakh crore
c) Rs 12.6
lakh crore
d) Rs 14.3
lakh crore
e) None of
the above
Answer: D)
Explanation: Arun
Jaitley said that the government has allocated ₹14.3 lakh crore to be spent for
rural infrastructure. He said every block with more than 50% ST population and
at least 20,000 tribal people will have a model residential school by 2022. He
added social security will be provided to aged, widows, and orphaned children.
5. An Non-Resident
Ordinary Rupee Account for non-resident Indians has a limit of ___.
a) $50000
b) $1
million
c) $100000
d) $2.5
million
e) $1.5
million
Answer: B)
Explanation: An
Non-Resident Ordinary Rupee Account has a limit of $1 million. When an Indian
national or person of Indian origin residing in India leaves India for a
foreign country for taking up employment, business or vocation outside India,
or for any other purpose, indicating his intention to say outside India
permanently or for an indefinite period, he becomes a person resident outside
India. His bank account, if any, in India is designated as an Ordinary
Non-resident Account (NRO Account).
6. According to the
2011 Census, the population of India was 121 crores with a decadal growth rate
of
a) 9.82%
b) 12.3%
c) 15.19%
d) 17.64%
e) 20.21%
Answer: D)
Explanation: As per the
provisional report published during 31st March, 2011, India showed a decadal
growth rate of 17.64 % for the entire population as compared to 21.15 % in Census
2001. The report says, during the last decade of 2001 to 2011, population in
India grew by 181 million.
7. The term FSDC which
is used in financial sectors stands for
a) Financial
Security and Development Council
b) Financial
Stability and Development Council
c) Fiscal
Security and Development Convention
d) Fiscal
Stability and Development Council
e) All of
the above
Answer: B)
Explanation: Financial
Stability and Development Council (FSDC) is an apex-level body constituted by
the government of India. The idea to create such a super regulatory body was
first mooted by the Raghuram Rajan Committee in 2008.
8. ____ is a situation
in which the inflation rate is persistently high, but demand remains stagnant
and unemployment is high.
a) Biflation
b) Agflation
c) Deflation
d) Hyperinflation
e) Stagflation
Answer: E)
Explanation: Stagflation
is a situation in which the inflation rate is persistently high combined with
high unemployment and stagnant demand. It's a merger of stagnation and
inflation. The economic growth of a country slows due to stagflation. It raises
a dilemma for economic policy, since actions designed to lower inflation may
exacerbate unemployment, and vice versa.
9. "India
Development Update" is released by _________.
a) NITI
Aayog
b) World
Bank
c) International
Monetary Fund
d) Department
Economic Affairs
e) Central
Statistics Office
Answer: B)
Explanation: According
to the World Bank's "India Development Update", India’s economic
growth will accelerate to 7.3% in 2018-19, from 6.7% in 2017-2018. The World
Bank said sustaining a growth rate higher than 7.5% will require contributions
from all domestic sectors and support from the global economy. The report also
highlights several challenges facing the Indian economy that need attention.
10. Name the premier
institution that is taking care of the financial needs of importers and
exporters of our country which was established in the year 1981.
a) EXPO
Bank
b) Export
Import Bank (EXIM)
c) Merchant
Bank
d) ECGC
e) None of
the above
Answer: B)
Explanation: Export–Import
Bank of India is the premier export finance institution in
India, established in 1982 under Export-Import Bank of India Act 1981. Since
its inception, Exim Bank of India has been both a catalyst and a key player in
the promotion of cross border trade and investment.
Read more: NABARD Economic and Social Issues MCQ’s
