Crack Grade B 1

ESI RBI GRADE B Phase II 2021

1. The intergovernmental economic organization headquartered at Paris has

projected that the Indian economy will bounce back to grow at ….in 2021-22

 12.6%

2. Global economic prospects have improved markedly in recent months, helped

by:

 The accommodative monetary policy stance

 Fiscal policy support

3. As a policy measure, the major countries have taken following step:

 Lower Interest rates

4. The report referred in the paragraph is:

 OECD’s Economic Outlook

3 questions out of 4 can be answered from this covered in GDP related reports:

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PM KISAN SCHEME RELATED PARAGRAPH:

5. The scheme referred in the paragraph:

 PM-KISAN

6. PM KISAN scheme which of the following is not true about the scheme:

 All person who paid taxes are eligible for the scheme.

7. The benefits under the scheme (PM KISAN):

 6000 per year

8. The platform which provides information to farmers related to various issues:

 m- Kisan

Covered in schemes as well as in current affairs

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AMRUT scheme related paragraph:

9. The scheme referred in paragraph:

 AMRUT

10. Which of the following is not true related to scheme referred in paragraph:

 It seeks to promote an integrated, inclusive and sustainable development of

heritage sites

11. SAAP stands for:

 State Annual Action Plan

12. The referred scheme (AMRUT) has been extended by how many years:

 2 Years

Covered in scheme of MoHUA

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13. The 2030 Agenda for Sustainable Development,” which was agreed upon by the
193 Member States of the United Nations was organized by:

 UN Secretariat.

14. In addition, growing global economic interdependence means that the socio-
economic prospects of OECD countries will be ever more tightly linked to that of:

 developing and transition countries.

15. Which country can play a vital role in accomplishing viable environmental and
population tolerances:

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 China

16. Advantages of foreign trade and Investment:

 stimulate competition, improve resource allocation, and facilitate the international

distribution of technology, enhance environmental protection

17. ……. will remain the operating target of the monetary policy

 Weighted average call money rate (WACMR)

18. Which of the following is true regarding RBI liquidity Management framework:

 if the call rate inches above the repo rate, it would signal liquidity deficit and the
central bank will bring its tools to infuse liquidity.
 if the call rate is below the repo rate, that would mean the banking system has
surplus liquidity
 the central bank can operate to suck out the liquidity through its operations.

19. While getting rid of the 14 day fixed repo, the RBI said it will operate a 14-day
term repo/reverse repo operation at a variable rate that would be conducted to
coincide with the……… maintenance cycle:

 cash reserve ratio (CRR)

20. Instruments of liquidity management will include:

 Long Term Variable Rate Repo (LTR)

 Long Term Variable Rate Reverse Repo (LTRR)
 FX Swap Auctions
 Open Market Operations (OMOs)

Two questions out of 4 covered in February 2020 Finance and Banking Current

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21. Which of the following is true about Operation Green:

 development of Tomato, Onion and Potato (TOP) value chain

Covered in scheme of MoA&FW

22. In the budget announcement which of following is not true:

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 Easing Compliance requirement of Small companies by revising their definition
under Companies Act, 2013 by increasing their thresholds for Paid up capital from
“not exceeding Rs. 50 Lakh” to “not exceeding Rs. 1 Crore” and turnover from “not
exceeding Rs. 2 Crore” to “not exceeding Rs. 10 Cr”.
 Reducing the residency limit for an Indian citizen to set up an OPC from 182 days
to 120 days.
 In order to incentivise setting-up of more start-ups in the country, it is proposed to
extend the eligibility period to claim tax holiday for the start-ups by one more year
to 31st March, 2022.

Covered in budget document

23. Under ONORC scheme, the additional borrowing limit of 0.25 percent of the
Gross State Domestic Product (GSDP) is allowed to the States only on completion of
both of the following actions:
(i) Aadhar Seeding of all the ration cards and beneficiaries in the State
(ii) Automation of all the FPSs in the State.

 enables the migrant beneficiaries to get their entitled quota of food grains from any
electronic point of sale (e-PoS) enabled fair Price Shops of their choice anywhere in
the country.
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 enables the States in better targeting of beneficiaries,
 elimination of bogus/ duplicate/ineligible card holders resulting in enhanced
welfare and reduced leakage.
 to ensure seamless inter-state portability of a ration card

Covered in current affairs:

24. As per Economic Survey 2020-21, India’s real GDP to record a 11.0% growth in
FY2021-22 and nominal GDP to grow by 15.4% – the highest since independence
due to:
 the initiation of a mega vaccination drive with hopes of a robust recovery in the
services sector and prospects for robust growth in consumption and investment.

Covered in Economic Survey Document:

25. Which of the following is not an objective of Four labor codes:

 To delegitimize strikes

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Covered in Labour codes chapter

Covered in October 2020 Current affairs

26. Implementation of the Strengthening Teaching-Learning and Results for States

(STARS) project with a total project cost of Rs 5718 crore with the financial support
of ……. amounting to US $ 500 million (approximately Rs. 3700 crore).

 World Bank

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27. NIKSHAY platform

 an online tool which aims to create a database of all TB patients for monitoring and
research purposes.

Covered in scheme of MoH&FW

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28. Match pairs related to SVAMITVA scheme, PMGKY, PM SVANidhi

 SVAMITVA

Covered in New Schemes

29. Recent at Trade-Related Aspects of Intellectual Property Rights (TRIPS) Council

of WTO, the waiver proposed by South Africa and India for

 scaling up research, development, manufacturing, and supply of medical products.

30. Which of the following is not true about SGB:

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All 50 marks questions can be answered if someone has studied our content.

ESI descriptive RBI GRADE B PHASE 2

15 Markers
1. How the different dimensions of Globalisation evolved since last Global financial crisis
of 2008, Analyse the Impact.

2. Describe various Poverty estimation method in relation of

a. per Capital income
b. Inflation and consumption
c. Safety net program

3. What are the horizontal and vertical allocation of resources to states as per 15th Finance
commission report. How this objective can be achieved?

10 markers
1. What are three measures related to disinvestment of Strategic sectors and Non strategic
sectors in Union Budget 2021-22. Discuss
i. Rationale
ii. Impact

2. What is influence of Demographic transition on economic growth with reference to

India?
3. Discuss India's commitment to climate change in light of socio-economic, health and
developmental projects.

FM Questions RBI GRADE B PHASE II 2021

Objective Paper: 35 marks out of 50 directly covered in our content and it is

highest by any institute and Also, we provide most specific content.

Statement:
……(a)…… has developed the …(b)…. program to meet the electronic tolling requirements
of the Indian market. It offers an interoperable nationwide toll payment solution including
clearing house services for settlement and dispute management. Interoperability, as it
applies to …(b)… system, encompasses a common set of processes, business rules and
technical specifications which enable a customer to use their …(c).. as payment mode on
any of the toll plazas irrespective of who has acquired the toll plaza.
…(c).. is a device that employs Radio Frequency Identification (RFID) technology for
making toll payments directly while the vehicle is in motion.

1. Which of the following will replace b and c:

 NETC and FASTag

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2. Which of the following will replace “a”:
 NPCI

The exact paragraph was given in paper:

Covered in Financial Inclusion Chapter:

Statement:
According to Fred Luthans, “Organisational behaviour is directly concerned with the
understanding, production and control of human behaviour in organisations.
Organizational behavior is the study of both group and individual performance and activity
within an organization.
This area of study examines human behavior in a work environment and determines its
impact on job structure, performance, communication, motivation, leadership, etc. It is
the systematic study and application of knowledge about how individuals and groups act
within the organizations where they work. OB draws from other disciplines to create a
unique field.

For example, when we review topics such as ……., we will again review studies from the
field of psychology. The topic of team processes relies heavily on the field of …….

When we study power and influence in organizations, we borrow heavily from political
sciences. Even medical science contributes to the field of Organizational Behavior,
particularly in the study of stress and its effects on individuals. There is increasing
agreement as to the components or topics that constitute the subject area of OB.

Although there is still considerable debate as to the relative importance of change, there
appears to be general agreement that OB includes the core topics of motivation, leader
behavior, and power, interpersonal communication, group structure and processes,
learning, attitude development, and perception, change processes, conflict, work design,
and work stress. Organizational Behavior is the study and application of knowledge about
how people, individuals, and groups act in organizations. It does this by taking a system
approach.

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That is, it interprets people-organization relationships in terms of the whole person, the
whole group, the whole organization, and the whole …………..

Its purpose is to build better relationships by achieving human objectives, organizational

objectives, and social objectives.

Kindly refer above Paragraph and answer the following questions:

3. OB draws from other disciplines to create a unique field. For example, when we
review topics such as…….., we will again review studies from the field of psychology.
personality and motivation

4. The topic of team processes relies heavily on the field of…...

sociology

5. Organizational Behavior is the study and application of knowledge about how

people, individuals, and groups act in organizations. It does this by taking a system
approach. That is, it interprets people-organization relationships in terms of the
whole person, the whole group, the whole organization, and the whole……..
 social system

Statement:

…(a)….vide circular dated November 01, 2018 introduced the use of ……(b).. as an
additional payment mechanism with …(c)…….. for Retail Individual Investors along with
timelines for listing within six days of closure of issue (T+6).

For the purpose of public issues, …(c).. .would allow facility to block the funds at the time
of application. With the introduction of …..(b). as a payment mechanism, various channels
for making application in public issue by various categories of investors.

Investor may submit the bid-cum-application form to the …(d)..…, with …(c)… as the sole
mechanism for making payment.

6. Which of the following will replace a and c:

 SEBI and ASBA

7. Which of the following will replace “b”:

 UPI

8. Which of the following will replace “d”:

 SCSB (Self-Certified Syndicate Banks)

2 questions can be answered from this covered in Primary Market chapter

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9. In organization Justice, production output is aligned with:

 Compensation

10. During Merger and Acquisitions, which of the following are relevant to Change
Management:
 Digital Transformation
 Smooth Transition
 Restructuring
 All of the above
Covered in Organizational Change Chapter
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11. Which of the following is 2nd stage in change model:

 Unfreeze, Change (Transition) and Freeze (Refreeze).
Covered in Organizational Change Chapter

12. Low employee turnover is generally indicative of:

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 Commitment

Covered in Motivation Chapter

13. Which of the following is a regulator of Capital Market:

 SEBI

Covered in Secondary Market Chapter

14. Which of the following are Depositories:

 The National Securities Depository Ltd (NSDL) and the Central Depository Services
India Ltd (CDSL)

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15. Company X has a share price of Rs 1800 and Y has a share price of Rs 600, which
of the following is true:

Statement:
Government has approved the …(a)….. for building National Highways (NH) to speed up
the construction of roads in the country by renewing interest of private developers in
highway projects. ….. % the Project Cost is to be provided by the Government as
Construction Support during the construction period and the balance ….. % as annuity
payments over the operations period along with interest thereon to the concessionaire.

The objective is to maximize the quantum of implemented projects within the available
financial resources of the Government and to revive private sector participation in the
sector. Toll fee collection from the highways projects developed under the hybrid annuity
model is the responsibility of the Government/Authority.
In order to tap the benefit of long term funds like pension fund, insurance fund, wealth
fund etc into road construction sector, MoRTH has introduced models like
……(a)………and TOT (Toll-Operate-Transfer).

16. Which of the following model will replace “a”:

 Hybrid annuity model (HAM)

17. In this model,….. % the Project Cost is to be provided by the Government as

Construction Support during the construction period and the balance ….. % as
annuity payments over the operations period along with interest thereon to the
concessionaire.

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 40% and 60%

Statement:
Addressing the symposium for Indian Languages Technology Industry ‘Bhashantara’, in
New Delhi, Secretary, Ministry of Electronics and IT, Shri. Ajay Prakash Sawhney said
that barrier-free communication is critical for the country and the goal is to have real-time
translation capability in each of the Indic languages.
“We all are aware about India Stack, now we should come up with ‘India Language Stack’,
which will help in overcoming the barriers of communication,” said Mr. Sawhney. The IT
Secretary stressed upon the fact that with internet access becoming affordable, demand
for regional content is increasing and will continue to grow.
The Secretary also launched …… in 7 Indian languages. ……. is desktop software for
converting scanned printed Indian Language documents into a fully editable text format
in Unicode encoding. Mobile Testing Data in all 22 Indian languages useful in testing the
display as well as inputting in mobile handsets IS standard 16333 (Part 3) was also
released at the symposium. It defines the requirements for mobile handset for inputting
of text in English, Hindi and at least one additional Indian official language along with
facility of message readability in the phones for all 22 Indian official languages.

18. Bhashantara will remove which of the following barrier of communication:

 Linguistic barriers

Covered in Communication chapter:

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19……. is desktop software for converting scanned printed Indian Language

documents into a fully editable text format in Unicode encoding.

 e-Aksharayan

20. A national level mission focusing on local language translation will provide big
boost to regional language initiatives:
 National Language Translation Mission (NLTM)

Covered in Budget:

21. In Johari Window model, Self knows information but others do not know it is
referred as:
 Hidden Self

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22. Which of the following is a process theory of motivation:

 Vroom's Expectancy Theory

Motivation Video lecture

23. The perceptual error are also referred as:

 Stereotyping error

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24. Communication is:
 Hierarchical
It was a general question and can be answered after reading communication chapter

25. Maximum PPP in which sector:

 Infrastructure

26. Currently, ….. percent of FDI is allowed in PSU banks under the government
approval route. Private banks have a higher FDI cap at …… percent, provided there
is no change of control and management. RBI regulations do not permit a single
entity to invest more than …. percent in a bank:
 20, 74 ,10

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27. Which of the following is/are examples of Revenue expenditure:
 Interest Payment
 Subsidies
 Loans to States
Covered in Budget and Fiscal Policy Chapter

28.…(a)….usually refers to live testing of new products or services in a

controlled/test regulatory environment for which regulators may (or may not)
permit certain regulatory relaxations for the limited purpose of the testing. The
Reserve Bank had announced opening of the first …(b)…. under …(a)…..
Which of the following replace ‘a’ and ‘b’:
 Regulatory Sandbox and cohort

Covered in Finance and Banking current December 2020

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29. Sometimes mistakes may creep in if translator who is not proficient in both
languages is involved in translating the communication.
 Semantic Barriers

Indirectly Covered in Communication MCQs:

30. Which of the following is true:

 NBFCs are regulated by RBI.
 Equity Market are regulated by SEBI.
 Commodity market are regulated by SEBI.
 All of the above are true

By reading Financial Institutions Chapter it can be easily answered.

RBI GRADE B PHASE 2 FM Paper Descriptive questions

All Descriptive questions can be answered after studying from our content:

15 Markers

1.Functions of
SIDBI
EXIM
NABARD
NHB
RRBs

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2. Basel norms and what are the pillars of Basel III norms

3. What is Corporate Governance why it is needed and what are the key principles of
Corporate Governance.

10 Markers
1. Five major announcements in budget 2021.

2. What is behavioural reinforcement. Explain Positive reinforcement and negative

reinforcement.

3. Difference between Transformational and Transactional leadership.

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