Answer Outline for Descriptive ESI : Head-count ratio, Poverty gap ratio – RBI Grade B 2023

Descriptive ESI - Answer Outline

Head-count ratio is a measure of poverty that calculates the percentage of the population living below the poverty line. The poverty line is the income level below which a household is considered to be poor. The head-count ratio does not take into account the depth of poverty, or how far below the poverty line households are living.

Model answer – Sustainable Development : Descriptive ESI , RBI Grade B 2023

descriptive ESI - RBI Grade B 2023

Sustainable development refers to the concept of meeting present needs without compromising the ability of future generations to meet their own needs. It involves balancing economic growth, environmental protection, and social well-being. This essay aims to define sustainable development and assess India’s position in achieving sustainable development goals.

Model answer – Descriptive ESI : Balance of Payments Crisis 1991 – RBI Grade B 2023

The Balance of Payments (BoP) crisis in 1991 was a pivotal moment in India’s economic history. The crisis led to significant policy reforms and marked a shift towards liberalization, privatization, and globalization. This essay will analyze the Indian economy after the BoP crisis of 1991, highlighting the key reforms, their impact, and the subsequent economic transformation.

Descriptive ESI Question : Demographic Transition – RBI Grade B 2023

Demographic transition brings forth the concept of a demographic dividend. As fertility rates decline and life expectancy increases, the proportion of the working-age population rises. India, with its large and youthful population, has the potential to leverage this dividend for economic growth. A larger workforce relative to dependents can lead to increased productivity, higher savings, and greater investments. Countries like China and South Korea have successfully utilized their demographic dividends to achieve rapid economic progress.