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60 Important ESI Questions for NABARD Grade A Exam

1. Which of the following Financial 6. Which of the following is not

Inclusion programmes are the considered as ‘All India Financial
initiative of NABARD ? Institution’?
A. Service Area Approach A. Export-Import Bank of India
B. Regional Rural Bank B. Small Industrial Development Bank
C. SHG-Bank linkage programme of India
D. The Cooperative Credit Societies C. National Housing Bank
E. Pradhan Mantri Jan Dhan Yojana D. National Bank for Agriculture and
2. Which of the following Institutions/ Rural Development
organisations releases “Healthy E. Industrial Development Bank of
States, Progressive India” report? India
A. WHO 7. Pradhan Mantri Adarsh Gram Yojana
B. Ministry of Health and Family (PMAGY), is implemented for ______.
Welfare A. Integrated development of ST
C. World Bank majority villages
D. NITI Aayog B. Undertake hostel construction for
E. Economic Advisory Council to PM SC boys and girls studying in middle
3. Which of the following countries is at schools
the top in the Environmental C. Promote entrepreneurship in rural areas.
Performance Index (EPI) released by D. Integrated development of SC
Yale and Columbia Universities along majority villages.
with World Economic Forum? E. Building houses for BPL families in
A. Norway B. Denmark rural areas
C. India D. Switzerland 8. What is the major purpose of
E. Malta launching MSME Samadhan?
4. Name the exchange rate system in A. For monitoring public procurement
which the exchange rates of a B. For streamlining the payments to
currency fluctuate day by day entrepreneurs from public sector
according to the international entities
markets, but central banks attempt to C. For grievance redressal of the
influence their countries' exchange market related problems
rates by buying and selling currencies. D. For ensuring that the market prices
A. Managed floating exchange rate are regulated according to
system government norms
B. Open market exchange rate E. For improving the quality of
system services provided to the small traders
C. Fixed exchange rate system 9. WTO was established in 1995 to
D. Hybrid exchange rate system replace General Agreement on Tariffs
E. Floating exchange rate system and Trade (GATT) after Uruguay
5. Which among the following given Round of talks. What was the name of
states have the highest urbanization the agreement through which WTO
rate among the following states in came into being?
India? A. GATT Agreement
A. Maharashtra B. Uttar Pradesh B. Uruguay Agreement
C. Tamil Nadu D. Kerala C. Vienna treaty
E. Gujarat D. Marrakesh Agreement
E. Paraguay Agreement

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10. Which of the following is/are not true
about the Indian agriculture sector?
A. More than 50% of population is
dependent on agriculture
B. Agriculture accounts for nearly 17-
18% of India’s GDP
C. The agriculture growth rate and
share of agriculture to GDP has
constantly declined since
independence
D. Agriculture accounts for 10% of
total India’s export
E. All the above are correct
11. Infrastructure contributes to economic
development of a country by
improving the quality of life of its
people. In this regard which of the
following is/are true?
A. Infrastructure associated with
energy, transport, communication and
housing are included in the economic
infrastructure
B. Hospitals and educational
institutions are included in the social
infrastructure.
C. Agriculture is not much dependent
on infrastructure as it is labour
intensive.
D. Only A and B are correct
E. All the above are correct
12. Which of the following are causes of
Cost Push Inflation?
A. Increase in money supply
B. Cheap Monetary Policy
C. Increase in public Expenditure
D. Increase in disposable income
E. Industrial disputes
13. Which of the following is/are the fiscal
measures to control Inflation?
A. Increase in Indirect taxes
B. Credit control
C. Demonetisation of currency
D. Issue of new currency
E. All of the above
14. In which of the following conditions
the Inflation will increase in the
economy?
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A. if repo rate increases
B. if Cash reserve ratio increases
C. If reverse repo rate increases
D. if bank rate increases
E. None of the above
15. Conflict, famine or extreme religious
activity can be reasons for increased
migration from an area. These factors
can be classified under ______
factors.
A. Push Back factors
B. Social factors
C. Push Factors
D. Economic Factors
E. Cultural factors
16. India’s trade deficit narrowed to a
five-month low of USD 12 billion in
Feb ’18. Which of the following factors
can be credited directly for this
development?
A. Increased manufacturing capacity
B. Improved external relations
C. Decrease in export tariffs
D. Decrease in growth of imports
E. Improved foreign exchange
17. Which of the following statements
about Market Stabilization Scheme is
incorrect?
A. It aims at reducing liquidity in the
Indian market.
B. It includes the sale of government
securities in the economy.
C. It was launched in 2014.
D. It can be used as a means to
regulate inflation.
E. All the statements are correct with
respect to MSS
18. National Health Policy 2017 aims to
increase life expectancy at birth from
67.5 to 70 till _______.
A. 2025 B. 2020
C. 2030 D. 2021
E. 2024
19. The various types of credit can be
conventionally grouped as formal
sector loans and informal sector
loans. Which of the following
statements related to formal and
informal sector loans is/are true?
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A. Loans from Traders, Money A. Grading and standardisation and

lenders, and Non- banking finance quality certification.
institutions are informal loans. B. Rationalisation of market fee and
B. The Reserve Bank of India commission charges.
supervises the functioning of formal C. Private wholesale markets, direct
sector sources of loans. sale by farmers to bulk buyers.
D. Full democratisation of market
C. Formal sector loans has the largest
committee and state marketing
share in agricultural credit.
boards
D. B and C only E. None of the above
E. All the above 24. With reference to International
20. Union Budget 2018-19 has proposed Vaccine Institute (IVI), which of the
increasing the time limit for following statement is / are correct?
investment in Vaya Vandana Yojana A. IVI is based in Seoul, South Korea
from ______ to _______. B. It was established in 1997
A. May 2018, May 2020 C. India joined IVI in the year 2007
B. March 2018, March 2020 D. It was established on the initiatives
C. May 2018, March 2020 of the UNDP.
D. March 2018, May 2020 E. All of the above
E. March 2018, May 2018 25. As per India Social Development
Report (SDR) 2016, what was the
21. With reference to Aaykar Setu, percentage of illiterates among
consider the following statements. persons with disabilities.
I. It was launched by the Union A. 45% B. 35%
Finance Minister. C. 20% D. 60%
II. It’s a taxpayer service module only E. 55%
with desktop version. 26. The Genetic Engineering Appraisal
Committee (GEAC) is the apex body
III. It’s a new effort by Income Tax
constituted in the Ministry of
Department to directly communicate
Environment and Forests. When was it
with taxpayers.
constituted?
Select the correct answer using the A. 1978 B. 1984
correct code. C. 1973 D. 1989
A. I, II and III B. I and III E. 1992
C. I and II D. II and III 27. What is ‘Sacrifice Ratio’?
E. None of the above A. measures the proportionate
22. Who among the following is not reduction in growth rate due to
eligible to avail the benefit of the reduction in inflation.
Trade Infrastructure for Export B. it is the reduction in tax paid by the
Scheme (TIES)? individual to the government
C. increase in tax rate by the
A. Export promotion councils
government for higher income group
B. Commodities Boards
during inflation
C. SEZ Authorities
D. imposing high production taxes to
D. Apex Trade Bodies
curb excess production in the
E. None of the above
economy
23. Which among the following is not the E. None of the above
feature of New APMC Act?

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28. What is ‘Misery Index’? 32. In the context of Balance of payments

A. It is the sum of the rate of inflation (Bop), which of the following form a
and unemployment. part of internationally acceptable
B. It is the Inflation rate minus assets?
unemployment rate.
A. IMF Reserve Tranche
C. It is the growth rate minus inflation
B. Foreign loans
rate. C. Shares
D. It is the growth rate minus
D. Both A and B
unemployment rate.
E. None of the above
E. It is the level of inequality in
income in an economy 33. Coal Mitra web portal has been
29. Which of the following about inflation launched by Ministry of coal. It is a
in the country during 2017-2018 is web portal for which of the following
not correct? purpose?
A. Headline Inflation as per CPI – A. Connect Coal Mines of Jharkhand to
Combined has declined compared to the NTPC power plant of Gujarat
2016-2017
B. Inflation based on Wholesale Price B. Optimum utilization of Coal for
Index was increased compared to domestic purpose
2016-2017 C. Optimum utilization by private as
C. Core inflation based on both CPI well as public power companies of the
and WPI has declined coal
D. The increase in WPI based inflation
D. Export Indian coal to overseas
is due to sudden spurt in global crude
markets
oil prices
E. The headline inflation for 2017- E. Import high grade coal from
2018 is calculated based on CPI- Australia
Combined. 34. In the annual budget documents of
30. PESA Act, 1996 was enacted on 24 the Government of India, ‘Primary
December 1996 to extend the Deficit’ refers to
provisions of Part ________ of the
Constitution to the ______ Scheduled A. Difference between revenue receipt
Areas, with certain exceptions and of the present financial year and
modifications. grants to states and local bodies
A. V, Fourth B. III, Seventh B. Difference between revenue deficit
C. IX, Fifth D. VIII, Second, of the current year and grants for
E. VI, First capital creation
31. The United Nations Economic and
C. Difference between revenue deficit
Social Commission for Asia and the
of the present financial year and
Pacific (ESCAP) works in which of the
grants to states and local bodies
following areas?
A. Macroeconomic Policy, Poverty D. Difference between budgetary
Reduction and Financing for deficit and capital deficit of the
Development present financial year
B. Trade, Investment and Innovation E. Difference between fiscal deficit of
C. Environment and Development the current year and interest
D. Social Development payments on the previous borrowings.
E. All of the above

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35. What do you understand by a 39. General Agreement on Trade and

‘deflationary Gap’ in the economy? Tariffs has been discontinued after
A. Underproduction with respect to full which of the following conferences?
employment GDP of the economy A. Geneva Conference
B. Consistent decline in inflation at an B. Kyoto Protocol
exponential rate C. Uruguay Round Conference
C. Low Inflation that encourages D. Tokyo Conference
investments E. Kennedy Round Conference
D. Excess supply of goods and 40. Which of the following countries hold
services with respect to the weak the largest share of voting power in
demand in the economy Asian development Bank along with
E. Consistent decline in GDP at an Japan?
exponential rate A. China B. USA
36. What do you understand by the term C. India D. Canada
“Core Inflation”? E. Australia
A. CPI and WPI inflation discounted 41. If the value of the domestic currency
for PPI inflation reaches exorbitantly low in the global
B. Headline inflation discounted for market, then this situation is termed
food and fuel inflation as _______.
C. Core Industrial sector inflation
A. Inflation
discounted for raw material prices
B. Stagflation
inflation
C. Hyperinflation
D. Headline inflation discounted for
D. Galloping Inflation
services sector inflation
E. Inflation gap
E. CPI inflation discounted for WPI
inflation. 42. Human Development Index,
37. Which of the following statements developed by Pakistani Economist
is/are correct regarding Micro ATM? Mahbub-ul-Haq is produced by UNDP.
1) It allows deposit making, India has been ranked at 131
withdrawal and balance enquiry amongst the 188 countries in 2016.
facilities. Which of the following countries is at
2) It do not allow fund transfer the top of this list?
3) It allows for biometric identification A. Australia B. Switzerland
to access bank account. C. Iceland D. Denmark
4) It offers remittances services to the E. Norway
customers. 43. Asian Infrastructure Investment Bank
Which of the above statements are is an initiative propounded by China in
correct? 2014. It is headquartered in Beijing,
A. 1, 2 and 3 B. 1, 2 and 4 and China has the biggest voting
C. 1, 3 and 4 D. 2, 3 and 4 share amongst the member countries.
E. 1, 2, 3 and 4 Which is the country with the second
38. The International Fund for Agricultural biggest voting share?
Development (IFAD) is as one of the A. United Kingdom
major outcomes of the - B. Russia
A. 1974-World Food Conference C. Canada
B. 1976- World Food Conference
D. Australia
C. 1978- World Food Conference
E. India
D. 1980-World Food Conference
E. 1984 World Food Conference

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44. Which of the following is not a type of A. Phillips Curve B. Lorenz Curve
Priority Sector Lending Certificates C. Engel Curve D. Laffer Curve
which can be used to fulfil the E. Hubbert Curve.
shortfall in the PSL norms? 49. Foreign private remittances are
A. PSLC - Agriculture
considered in calculating ________ of
B. PSLC – Social Engineering
a country.
C. PSLC – Small Farmers/Marginal
Farmers A. GDP B. GNP
D. PSLC – Micro enterprises C. Inflation D. Growth rate
E. PSLC - General E. Credit ratings
45. Which of the following state 50. Common Risk Mitigation Mechanism
government has launched the (CRMM) is related to which of the
Sustainable Action for Climate following?
Resilient Development (SaCReD) A. Harnessing solar energy
Initiative to develop Majuli, the B. Improving disaster management
world’s largest river island? mechanism
A. Arunachal Pradesh
C. Creating an augmented response
B. Assam
system against terrorism
C. Manipur
D. Meghalaya D. Ensuring the proper management
E. Tripura of banking operations in case of
46. Gadgil - Mukherjee Formula was used recession
for purpose to E. Creating a network against
A. Calculate GST rate on different counterfeiting of currency
products 51. Brundtland Commission is associated
B. Determine appropriate size of fiscal with which of the following concerns?
deficit for the government A. Sustainable Development
C. Calculate the tax liability of MNCs B. Economic Stability
operating in India C. Economic Equality
D. Distribute seats among D. Gender Equality in workplace
geographical areas based on new E. Minimum wage assurance
Census
52. Referring to the son meta preference
E. Allocate financial assistance to
what is the indicated number of
states from the Centre
‘missing women’ in India, according to
47. Rotterdam Convention is related to
Economic Survey, 2018?
the control on ________ in
international trade and was A. 21 Million B. 40 Million
implemented from the year ______. C. 63 Million D. 50 Million
A. Unethical means, 2007 E. 80 Million
B. Government's involvement, 2005 53. World Economic Forum has proposed
C. Use of hazardous chemicals, 2004 _______ in place of GDP as an
D. Exploitation, 2003 alternative measure for measuring
E. Use of animals, 2010 global economy.
48. Which of the following graphs is A. Inclusive Development Index
characterised by the plotting of B. Sustainable Development Index
distribution of wealth against C. World Happiness Index
corresponding distribution of D. Russel Global Index
population? E. FTSE All-World Index

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54. The Industrial Disputes Act, 1947 A. It is a fund to be utilized to

defines "Industrial dispute" as a expands digital payments in the
dispute or difference between country.
workmen and ………………… or between B. It is a fund proposed by Watal
workmen and workmen. committee from savings generated
A. Employers from cashless transactions to expand
B. Workmen digital payments.
C. Employee C. It is an agency to deal with twin
D. Company’s Supervisor sheets problems of Indian economy
E. Chief Executive Officer i.e. over leveraged companies and
55. Recently the Government of India has NPAs with Banks.
passed the proposal of letting private D. It is new name of Department of
corporates to adopt heritage sites and disinvestment in finance ministry.
use them for branding in return of E. It is a fund which have been made
making infrastructural inputs to the from the saving of non use of
adopted site. Red Fort has been kerosene in rural areas
adopted by which of the following 59. "SANKALP" scheme of the
companies? Government of India is related to
A. Hindustan Unilever Limited A. Open Massive Online Courses for
B. Dalmia Bharat students
C. TATA Group B. Construction works to make public
D. Mahindra and Mahindra places amenable to differently abled
E. Reliance population
56. In the Budget 2018-19, the C. Market relevant training to youth
government has proposed the Kisan D. Eradicating caste-based
Credit Card usage for Fisheries and harassment from Indian society
Animal Husbandry sectors. What is E. Making Gram Panchayats open
the allocation for the proposal in the defecation-free
budget? 60. Which of the following functions can
A. Rs 3,000 crores be performed by a Payment bank?
B. Rs 4,500 crores 1) Opening Current deposit accounts.
C. Rs 10,000 crores 2) Opening Demand deposit
D. Rs 6,000 crores accounts.
E. Rs 8,000 crores 3) Accept NRI deposits.
57. Prepaid Payment Instruments (PPIs) 4) Distribution of insurances.
in India are regulated by 5) Utility bill payments.
A. NPCI B. SEBI Select the correct answer using the
C. NABARD D. SIDBI code given below.
E. RBI A. 1, 2 and 3 B. 1, 3 and 5
58. DIPAYAN, sometimes seen in the C. 2, 3, 4 and 5 D. 1, 2, 4 and 5
news, is related to:(Digital Payments E. 1, 2, 3 and 5
Action Network,)

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