ESI (Economic and Social Issues) descriptive questions for RBI Grade B 2021

ESI for RBI Grade B 2021

Dear Aspirant, 

Any preparation starts with the thorough study of the syllabus and if you have understood the syllabus then you have completed one part of your journey. The prescribed syllabus gives you the basic knowledge of what you actually need to follow.

Friend, as you know that there is conspicuous change in the syllabus of the second phase of RBI Grade B exam-2021. The weightage of Subjective Type Knowledge is more. In this second phase, you are required to write Descriptive English Questions along with the questions based on Economic and Social Issues and Finance and Management. 

Previously, the papers for ESI and FM were based on objective type questions; but now, these two papers will comprise Subjective questions along with Objective Questions. 

  • Time allotted- 120 Minutes; Marks- 100
  • Objective- 30mn; 50 marks
  • Descriptive- 90mn; 50 marks

Bank whizz has provided a list of important ESI descriptive questions for RBI Grade B-2021-

  1. Mention the items included in the service sector.
  2. Try to account for the increasing role of services from demand and supply side factors.
  3. How do the views of Keynes and New Classicals differ on the need for perfect capital mobility?
  4. What are the risks associated with free capital mobility? 
  5. Does capital mobility have any impact on monetary policy? 
  6. Which are the variables that measure economic freedom enjoyed by citizens? 
  7. Do you thnk that government intervention at the cost of lower economic freedom is desirable to promote growth?
  8. What are the objectives of Indian Monetary Policy?
  9. Bring out the chief features of monetary policy as it prevailed before 1990?
  10. Write down you perception of monetary transmission mechanism and intermediate targets. 
  11. Distinguish between head-count ratio and poverty-gap ratio as measures of poverty. What is the extent of poverty in India?
  12. Bring out the role of the agricultural sector in the current stage of development in India. Please, refer to the current farm-bills. – 
  13. Bring out, in an appropriate framework, the consequences of high fiscal deficits in an economy. Are you of the opinion that fiscal deficits in India are excessive? Give reasons for your answer.
  14. Show that an economy cannot simultaneously have fixed exchange rates, perfect capital mobility and autonomous monetary policy. Bring out, in this context, the effects of increased capital inflows/outflows in an economy like India.
  15. What are the factors responsible for the emergence of a balance-of-payments/currency/financial crisis? Analyze with the help of some historical examples.
  16. Bring out the developments in India’s balance of payments (BOPs) since around the year 2010. Would you consider the current BOPs position in India to be sustainable? 
  17. Give reasons for your answer.

What are Special Drawing Rights (SRs)? Why is it being suggested that SDRs should have a greater role to play in a reformed international financial system?

  1. Short notes:

Sustainable Development

India’s changing face after the COVID-19 pandemic

Inflation in India

New Farm-Bills

  1. Discus in brief the objectives of India’s current foreign trade policy. 
  2. Discuss in brief the causes and consequences of recent world economic depression.
  3. What has been the significance of the services sector as a driver for economic growth in India since 1990s? 
  4. Examine in detail the nature and causes of the recent inflation experience in India and suggest an appropriate policy response? 
  5. What is the significance of agriculture to the India economy today?
  6. Discus the trade-off between environment and economic development in the light of India’s experience of economic development since liberalization.
  7. What according to you should be the major thrust of policy in order to achieve sustainable economic growth along with significant employment generation?
  8. What are the arguments for and against full capital account convertibility for India?
  9. Outline the major reforms in the Indian financial sector since 1990.
  10. What is Head count ratio and Poverty Gap ratio?
  11. Discuss the debate relating to measurement of poverty in India in recent years.
  12. Discuss the Basel III framework and challenges faced by Indian banks in this context.
  13. Discuss the concept of Financial Inclusion and its possible impact on economic development. 
  14. Write short note on 

Declining sex-ratio at birth in India

The Harris-tadoro model of migration

Financial repression

Labour market reforms in India

WTO and developing countries

RBI’s response to recent inflation.

  1. What according to you are the main factors behind slowing of the GDP growth rate in India since 2009? 
  2. Explain the changes suggested by the Tendulkar Committee in the measurement of poverty in India.
  3. Analyze the recent episode of food price inflation in India. 
  4. Critically analyze the pros and cons of the Right to Food Act 2013 in India? 
  5. Write a detailed note on the Solow growth model.
  6. Analyse the Finance Budget for 2021-22.
  7. Write a note on the demographic dividend in the Indian context. 
  8. Write short note:

Environment and Economic Growth

The Kuznets curve in the context of economic inequality

India’s trade balance

Importance of agriculture in the India Economy

  1. Evaluate the opportunities and challenges of Government’s decision to allow FDI in Insurance Sector in India.
  2. Analyse the issue of joblessness and infomationalisation in India’s employment story, in psot reform period. Is any turnaround possible? 
  3. Exchange rate depreciation helps to improve the balane of payments. Discuss in the context of Indian Economy.
  4. Growh versus Inflation. What steps have been takn by the RBI to reconcile the conflict?
  5. The entire architecture of contemporary development thinking is stacked against nature. Comment
  6. Analyse W.A. Lewis theory of unlimited supply of labour in India context.
  7. Discuss the rationale of Public-Private Parternships (PPP) in development of infrastructure in India.
  8. Critically assess the key recommendations of the Thirteenth Finance Commission. Which issues you would like to pose before the Fourteenth Finance Commission?
  9. Examine that the magnitude of malnutrition in India is a disturbing phenomenon.
  10. Write short notes:

Main features of the National Food Security Bill, 2013

Issue of social security in unorganized sector in India.

Major provisions under Mahatma Gandhi National Rural Employment Gurantee Act.

Women’s empowerment as an important prerequisite for an overall economic development.

  1. Critically explain Weber’s theory of Industrial location.
  2. Discuss the evolution of international monetary system from collapse of the Bretton Woods arrangement in 1971. What are the features of present international monetary system?
  3. Discuss the role played by modern digitization technologies in achieving inclusive growth in India.
  4. Explain critical minimum Efforts thesis of economic growth.
  5. Examine the aftershocks of BREXIT. Find its implications on India economy?
  6. Discuss the latest activities undertaken by the government to encourage the manufacturing sector in India.
  7. Evaluate the recommendations of XIVth Finance Commission.
  8. Discuss the measures undertaken by the government recently to improve the marketing of agricultural products in India.
  9. What are the challenges faced by the Public Sector Banks in the changing environment due to privatization and globalization? What measures do you suggest to overcome these challenges?
  10. Write short note on

PM Wani Project

Is India ready for 5G technologies

India’s successful Vaccination Drive

Financial Inclusion

Acquisitions and Mergers of Banks