Economic and Social Issues Static

Daily Quiz
for
RBI Grade B

`
 cracku.in

Question 1: Washington Consensus was coined by which of the

following economists that were considered policy reforms for
addressing the issues of Crisis-driven American countries in 1989?

a: John Williamson
b: Paul Krugman
c: Ronald Coase
d: Gary Becker
Answer: a

Question 2: Which of the following is the addition of Income from

Abroad factor to Gross Domestic Product?

a: Net Domestic Product

b: Gross National Product
c: Net National Product
d: Foreign National Product
Answer: b

Question 3: What is the effect of Depreciation on the Per Capita

Income of a Nation?

a: No effect
b: Increase in Depreciation, Per Capita Income Decreases
c: Increases in Depreciation, Increases the Per Capita Income
d: Decrease in Depreciation, First Increases and then Decreases the
Per Capita Income
Answer: b

Take Free Mock for IBPS PO here : https://cracku.in/banking/ibps-prelims-mocks

2/7
 cracku.in

Question 4: Which of the following is not one of the forms of Income of

a person from a macroeconomic perspective?

a: Disposable Income
b: Nominal Income
c: Digital Income
d: Real Income
Answer: c

Question 5: Which of the following Options is correct?

a: National Income (at factor cost) = NNP at market cost – Indirect

Taxes
b: NNP = GNP + Income from abroad
c: NDP = GDP - Depreciation
d: NNP = GNP + Depreciation
Answer: c

Question 6: Who among the following has developed the First Human
Development Index in 1990?

a: Paul Krugman
b: Mahbub Ul Haq
c: Daniel Kahneman
d: Joseph Stiglitz
Answer: b

Take free IBPS Clerk Mock here: https://cracku.in/banking/ibps-clerk-mocks 3/7

 cracku.in

Question 7: Which was the last five Year plan before the dissolution of
planning commission in 2014 to be replaced by NITI Aayog?

a: 12th Five Year Plan

b: 17th Five Year Plan
c: 10th Five Year Plan
d: 15th Five Year Plan
Answer: a

Question 8: Which of the following is not one of the four phases in a

business cycle in which economies alternate?

a: Recovery
b: Recession
c: Boom
d: Gearing
Answer: d

Question 9: What is the minimum Net Owned Funds to be maintained

by an Asset Reconstruction Company mandatorily as per the
instructions given by Reserve Bank of India?

a: 50 Crore
b: 75 Crore
c: 100 Crore
d: 25 Crore
Answer: c

Take Free Mock for IBPS PO here : https://cracku.in/banking/ibps-prelims-mocks

4/7
 cracku.in

Question 10: Small Finance Banks are required to extend how much
percentage of their ANBC – Adjusted Net Bank Credits to the sectors
eligible for classification as priority sector lending by Reserve Bank

a: 37%
b: 18%
c: 75%
d: 25%
Answer: c

Crack Government Exams the smarter way with “Cracku”

Cracku Wishes You All the Best for the upcoming RRB- ALP and Group D,
SSC, NABARD Grade-A Assistant Manager, RBI Grade B and other
Competitive exams.

Take free IBPS Clerk Mock here: https://cracku.in/banking/ibps-clerk-mocks 5/7

 cracku.in

Biology Notes PDF

Chemistry Notes PDF
February 2018 Monthly Current Affairs

Indian Polity PDF

Modern Indian History PDF

Medieval Indian History PDF

Ancient Indian History PDF

20 RRB ALP Mock Test @ Just 199

Practice Railways Free Daily Test

General Awareness for Railway Exams

Take Free Mock for IBPS PO here : https://cracku.in/banking/ibps-prelims-mocks

6/7
 cracku.in

For Job updates

Whatsapp ‘Job’ to 7661025557

Practice 100 free Online GK tests for IBPS: https://cracku.in/free-gk-tests

Take Free Mock for IBPS PO here : https://cracku.in/banking/ibps-prelims-mocks

Take Free Mock for IBPS Clerk here : https://cracku.in/banking/ibps-clerk-mocks

Download or Install our App here : https://play.google.com/store/apps/details?id=in.cracku.app&hl=en

Join facebook group for Banking : https://www.facebook.com/groups/crackubanking/

cracku.in/free-gk-tests

Take free IBPS Clerk Mock here: https://cracku.in/banking/ibps-clerk-mocks 7/7