RBI Grade B Officer (General / DEPR / DSIM) 2021 · Question 219 of 260

- Read the passage given below and answer the following questions The Organisation for Economic Co-operation and Development (OECD) is an international organisation that works to promote economic growth, financial stability, and improved living standards across countries. Established in 1961, it provides a platform for governments to share experiences, analyse data, and develop evidence-based policies. The OECD focuses on areas such as education, taxation, trade, employment, and sustainable development. By setting international standards and best practices, it helps countries design effective public policies. Through research and policy recommendations, the OECD supports inclusive growth and global economic cooperation. (This is a recreated passage and not the exact one asked in the exam) As per Economic Survey 2020-21, India’s real GDP to record a 11.0% growth in FY2021- 22 and nominal GDP to grow by 15.4% – the highest since independence due to:

Growth & Development

1. AA. continued normalization in economic activities as the rollout of Covid-19 vaccines gathers tractionCorrect
2. BB. subdued retail inflation in India, which will give the Reserve Bank of India the room to drop the policy rates and engender conditions to stimulate economic growth.
3. CC. low fuel and energy prices that will give an edge to Indian industry.
4. DD. record high consumer sentiments among Indian households.
5. EE. All the above