RBI Grade B MCQ Series – Quiz 1 (Eco Survey, FRBM etc)

Dear aspirants,
We are presenting you the Quiz 1 of our RBI Grade B MCQ Series 2019. These MCQs will cover the questions on topics which are very important from exam point of view. Also do read the answers provided at the end of quiz.

Q1. What was world growth rate in 2018?

1. 1. 3.1%
   2. 3.3%
   3. 3.5%
   4. 3.6%

Q2. India is ______ largest economy in the World.

1. 1. Fourth
   2. Fifth
   3. Sixth
   4. Seventh

Q3. What is the target GFD/GDP ratio set out by FRBM act?

1. 1. 3%
   2. 3.1%
   3. 3.3%
   4. 3.4%

Q4. What was GFD/GDP ratio achieved in 2018-19?

1. 1. 3%
   2. 3.1%
   3. 3.3%
   4. 3.4%

Q5. Bogibeel Bridge is the second largest rail-cum-road bridge in Asia. In which state this bridge is situated?

1. 1. Arunachal Pradesh
   2. Assam
   3. Kolkata
   4. Uttarakhand

Q6. Bogibeel Bridge is situated over which river?

1. 1. Ganga
   2. Yamuna
   3. Brahmaputra
   4. Indus

Q7. What is the share of the states in the central divisible pool of taxes as per 14th Finance Commission recommendations?

1. 1. 32%
   2. 36%
   3. 40%
   4. 42%

Q8. The government has set goal of making India a US$ _____ economy by 2024-25?

1. 1. 5 trillion
   2. 7 trillion
   3. 8 trillion
   4. 10 trillion

Q9. To achieve goal of making India a US$ 5 trillion economy by 2024-25, what is real annual growth rate in GDP required as per economic survey 2018-19?

1. 1. 6%
   2. 7%
   3. 8%
   4. 10%

Q10. As per Economic Survey 2018-19, which among the following is the key driver of sustained growth model?

1. 1. Saving
   2. Investment
   3. Export
   4. Public Spending

Answers

1. 4
   World output grew at 6 per cent in 2018
2. 3
   India is the sixth-largest economy in the world with a nominal GDP of $2.61 trillion. The top five economies in the world are USA followed by China, Japan, Germany and UK.
3. 1
   The GFD target of 3 per cent of GDP, stipulated in FRBM Act
4. 4
   The GFD to GDP ratio declined from 4.5 per cent in 2013-14 to 4 per cent in 2018-19
5. 2
6. 3
   Bogibeel bridge is a combined road and rail bridge over the Brahmaputra River in the north eastern Indian state of Assam between Dhemaji district and Dibrugarh district. It is the longest rail-cum-road bridge in India measuring 4.94 kilometres over the Brahmaputra river. It is Asia’s 2nd longest rail-cum-road bridge.
7. 4
   The Fourteenth Finance Commission increased the share of states in the divisible pool of central taxes from 32 per cent to 42 per cent
8. 1
   The Economic Survey 2018-19 and the Union Budget 2019-20 have indicated the government’s goal of making India a US$ 5 trillion economy by 2024-25
9. 3
   India aims to grow into a USD 5 trillion economy by 2024-25, which will make India the third-largest economy in the world. Given 4% inflation, as the Monetary Policy Framework specified by the Government for the Reserve Bank of India, this requires real annual growth rate in GDP of 8 per cent
10. 2
    A virtuous cycle of savings, investment, exports and growth with investment as the “central driver”. Especially private investment, is the “key driver” that drives demand, creates capacity, increases labour productivity, introduces new technology, allows creative destruction, and generates jobs

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