Practice NABARD Grade A Economic and Social Issues ESI Questions
Practice NABARD Grade A Economic and Social Issues (ESI) Questions

NABARD Grade A Exam: Economic and Social Issues ESI Questions

Practice NABARD Grade A ESI Questions Set. As we all know that NABARD Grade A exam is attracting thousands of aspirants every year and also one of the most prestigious competitive exams in India. Among the various sections in the NABARD Grade-A exam, the Economic and Social Issues (ESI) section holds significant importance. The Economic and Social Issues (ESI) section is a vital part of the NABARD Grade A exam, contributing 40 marks in the phase-1 and 100 marks in the phase-2.

This article provides a detailed overview of the NABARD Grade A Economic and Social Issues (ESI) Questions Set, along with preparation strategies, the importance of the ESI section to help candidates excel in this NABARD Grade-A exam. . ESI Questions, test the candidate’s understanding of India’s socio-economic challenges, policies, and developmental strategies.

NABARD Grade A ESI Questions Set-4

The Economic and Social Issues (ESI) section is a high-weightage section in the NABARD Grade-A exam. In real exam difficulty level of NABARD Grade A ESI Questions are moderate to high, but with consistent preparation, you can score well. With the right preparation, candidates can score well in this section, boosting their overall rank. Below you can practice with NABARD Grade-A ESI Questions –

1. In which of the following economic activities a company hires regular service from external sources, mostly from other countries, which was previously provided internally or from within the country?

A. Globalization
B. Outsourcing
C. Communication
D. Industrialization
E. None of these

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Correct Answer – B. Outsourcing

Explanation: Outsourcing is one of the important outcomes of the globalization process. In outsourcing, a company hires regular service from external sources, mostly from other countries, which was previously provided internally or from within the country like legal advice, computer service, advertisement, security; each provided by respective departments of the company.

2.Which of the following statement(s) is/are incorrect with regard to the Animal Welfare Board of India (AWBI)?
1. It was established in 1960 under Section 4 of The Wildlife Protection Act, 1972.
2. It advises the Government of India on animal welfare laws and promotes animal welfare in the country of India.
3. It was in the news as the government had made an announcement that the AWBI would be chaired by a senior MoEF official rather than somebody outside the government.

A. Only 1
B. Only 2
C. Only 3
D. Only 1 & 3
E. None of these

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Correct Answer – A. Only 1

Explanation-Statement 1 is incorrect since the AWBI was established in 1960 under Section 4 of The Prevention of Cruelty to Animals Act, 1960. The subject of Prevention of Cruelty to Animals is under the Ministry of Environment and Forests.

3. In the wake of the Bhopal Gas Tragedy, the Government of India enacted which of the following legislations?

A. The Wildlife Protection Act, 1972
B. The Prevention of Cruelty to Animals Act, 1960
C. The Forest Rights Act, 2006
D. The Forest Conservation Act, 1980
E. The Environment Protection Act, 1986

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Correct Answer – E. The Environment Protection Act, 1986

Explanation-Environment (Protection) Act of 1986- In the wake of the Bhopal gas tragedy (1984), the government of India enacted the Environment (Protection) Act of 1986. The purpose of the Act is to implement the decisions of the United Nations conference on the Human Environment of 1972, in so far as they relate to the protection and improvement of the human environment and the prevention of hazards to human beings, other living creatures, plants and property.

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4. Which of the following statement(s) is/are incorrect with regard to the Intergovernmental Panel on Climate Change (IPCC)?

A. It was first established in 1988 by two United Nations organizations, the World Meteorological Organization (WMO) and the United Nations Environment Programme (UNEP).
B. Membership of the IPCC is open to all members of the WMO and UNEP.
C. The IPCC produces reports that support the United Nations Framework Convention on Climate Change (UNFCCC).
D. All the above
E. None of these

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Correct Answer: A. An order to pay

Explanation-Intergovernmental Panel on Climate Change:
• It is a scientific intergovernmental body under the auspices of the United Nations.
• It was set up at the request of member governments.
• It was first established in 1988 by two United Nations organizations, the World Meteorological Organization (WMO) and the United Nations Environment Programme (UNEP).

5. Which of the following factors contribute to the upswing in the economic growth of a country?
1. Rise in the productive capacity of an economy along with an increase in aggregate demand.
2. Availability of skilled workforce in the country.
3. A decreasing consumer and business confidence.
4. Technological development helping in increasing productivity with the limited amount of resources.

A. 1, 2, 3
B. 1, 2, 4
C. 2, 3, 4
D. 1, 3, 4
E. 1, 2, 3, 4

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Correct Answer – B. 1, 2, 4

Explanation-The term economic growth is associated with economic progress and advancement. Economic growth can be defined as an increase in the capacity of an economy to produce goods and services within a specific period of time. In economics, economic growth refers to a long-term expansion in the productive potential of the economy to satisfy the wants of individuals in the society.
Statement 4:
• Countries that have worked in the field of technological development grow rapidly as compared to countries that have less focus on technological development.
• The selection of right technology also plays an important role in the growth of an economy.
• On the contrary, an inappropriate technology- results in high cost of production.

6. What is Gross Domestic Product?

A. It is the cost of production of all final goods and services made in the country
B. It is the cost of services made within the borders of a country in a year
C. It is the market value of all final goods and services made in the country
D. It is the market value of all final goods and services made within the borders of a country in a year
E. None of these

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Correct Answer – D. It is the market value of all final goods and services made within the borders of a country in a year

Explanation-Gross domestic product (GDP) is a monetary measure of the market value of all final goods and services produced in a period (quarterly or yearly) or income. Nominal GDP estimates are commonly used to determine the economic performance of a whole country or region, and to make international comparisons.

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7. Which one of the following committees recommended the abolition of reservation items of small scale sector in industry?

A. Abid Hussain Committee
B. Narsimhan Committee
C. Nayak Committee
D. Rakesh Mohan Committee
E. None of these

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Correct Answer – A. Abid Hussain Committee

Explanation- Abid Hussain Committee (1997) recommended total dereservation and desired replacing policy of reservation with a policy of promotion and strengthening of small scale units.

8. Refinance facility is provided by NABARD. Which institutions can avail this facility?

A. State cooperative banks
B. Regional rural banks
C. Commercial bank
D. All of the above
E. None of the above

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Correct Answer – D. All of the above

Explanation-NABARD’s refinance is available to state co-operative agriculture and rural development banks (SCARDBs), state co-operative banks (SCBs), regional rural banks (RRBs), commercial banks (CBs) and other financial institutions approved by RBI.

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9. The Cartagena Protocol that was adopted by the member nations in the year 2001 under the Convention on Biological Diversity (CBD) is related to which of the following?

A. Protection of the Ozone Layer
B. Safe transfer, handling and use of Living Modified Organisms (LMOs).
C. Limiting the emissions of the greenhouse gases
D. Transmission of advanced seed technology
E. Transfer of traditional knowledge

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Correct Answer – B. Safe transfer, handling and use of Living Modified Organisms (LMOs).

Explanation-The Cartagena Protocol on Biosafety to the Convention on Biological Diversity is an international agreement which aims to ensure the safe handling, transport and use of living modified organisms (LMOs) resulting from modern biotechnology that may have adverse effects on biological diversity, taking also into account risks to human health. It was adopted on 29 January 2000 and entered into force on 11 September 2003.

10. Which of the following can be an exception under the Most Favoured Nation (MFN) principle of the WTO?

A. A developed country granting special access to their markets to other developed countries.
B. A country granting special favors in trade to other countries on political lines.
C. A developing country granting special access to their markets to developed countries.
D. The countries can set up a free trade agreement that applies only to goods traded within the group —discriminating against goods from outside
E. None of these

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Correct Answer – D. The countries can set up a free trade agreement that applies only to goods traded within the group —discriminating against goods from outside

Explanation-Under the WTO agreements, countries cannot normally discriminate between their trading partners.
• If a country grants someone a special favor (such as a lower customs duty rate for one of their products) then it must do the same for all other WTO members.
• This principle is known as most-favoured-nation (MFN) treatment.
• It is so important that it is the first article of the General Agreement on Tariffs and Trade (GATT), which governs trade in goods.

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The section is designed to evaluate the candidate’s ability to apply theoretical knowledge to practical scenarios, making it both challenging and scoring.

Best ESI Book for NABARD Grade A Exam 2025

At Let’s Study Together (LST) we understand our students’ requirements and keeping it in mind, The LST Team created a Very special “A Complete Book for NABARD Grade A Economic & Social Issues (ESI) 2024- 4500+ Questions with Detailed Answers” to crack NABARD Grade A & B exam. These questions are made by our experts after carefully examining previous years’ question papers of NABARD. If you prepare this thoroughly, you can very easily crack the NABARD ESI Section.

Best ESI Book for NABARD Grade A Exam 2025

Key Topics Covered in NABARD Grade A ESI Questions:

  • Indian Economy: Economic History & Planning, Economic Reforms (1991 LPG Reforms), GDP, Inflation, Fiscal Policy, Monetary Policy and Poverty, Unemployment, and Inequality.
  • Agriculture & Rural Development: Agricultural Production & Trends, Government Schemes (PM-KISAN, KCC, e-NAM), Rural Credit & Financial Inclusion and Sustainable Farming & Climate Change.
  • Social Issues in India: Education & Skill Development, Health & Nutrition (NHM, Ayushman Bharat), Women Empowerment & Gender Equality and Social Justice & Welfare Schemes
  • Industry & Infrastructure: MSME Sector & Make in India, Industrial Policies & Growth and Infrastructure Development (Roads, Railways, Ports)
  • International Economic Institutions: World Bank, IMF, WTO, BRICS, ASEAN, SAARC and Global Economic Trends

The Economic and Social Issues (ESI) section is a important component of the NABARD Grade-A exam. By understanding the syllabus, practicing Economic and Social Issues ESI Questions, and staying updated with agriculture & rural current affairs, you can easily crack this section. Use the memory-based questions and preparation strategies provided in this article to enhance your NABARD Grade-A preparation and boost your chances of success.

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