RBI Grade B Officer (General / DEPR / DSIM) 2024 · Question 206 of 260

- Read the passage given below and answer the following questions Middle Income countries are facing a critical juncture in their development journey. While many have successfully risen from low-income levels and made significant strides in eradicating extreme poverty since the 1990s, their ambition to reach high-income status remains elusive. Despite efforts over the last few decades, the income per capita in most middle-income countries has stagnated, remaining far below that of advanced economies. As these nations grapple with aging populations, increasing protectionism, and the urgent need to accelerate the energy transition, the path forward is more challenging than ever. The World Development Report 2024 identifies crucial transitions these countries must undertake to escape the “X trap” and advance toward high-income status, emphasizing the need for innovation and modernization of their economies. (This is a recreated passage and not the exact one asked in the exam) The World Development Report (WDR) 2024 suggests various strategies to escape economic traps. Consider the following statements: 1. The report suggests a 3i strategy focusing on investment, innovation, and infusion of technology. 2. It highlights the forces of creation, preservation, and destruction as key to driving economic transformation. 3. The participation of women in the workforce is emphasized as a critical factor for sustainable development. Which of the above statements is/are correct?

Monetary Policy

1. AA. 1 and 2 only
2. BB. 2 and 3 only
3. CC. 1 and 3 only
4. DD. 1, 2, and 3Correct
5. EE. 1 only