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RBI GRADE B NOV WEEKLY TEST 16 - Growth & Development

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1. Harrod Domar Growth model could be associated with

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2. Harrod’s growth model is based upon three growth rates. Which growth rate is related to businessmen’s behavior?

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3. Given below are two statements labelled as Statement 1 and Statement In context of basic solow model, which of the following statement does hold true?

Statement 1- There is single k* at which steady state condition is satisfied. An economy at steady state will stay there.

Statement 2- Steady state represents only short run equilibrium of the economy.

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4. Suppose Y= , s=20%, 6    %. Find out per capita output y, considering k to be at steady

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5. Which of the following indicators is not included in the calculation of the Human Development Index (HDI)?

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6. Given below are two statements labelled as Statement 1 and Statement 2. Choose the appropriate code.

Statement 1- Lower the K/Y ratio implies lower economic growth.

Statement 2- Higher saving ratio implies higher abstinence from the current consumption.

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7. Given below is a list of four growth In Harrod Domar’s knife-edge, the problem of macroeconomic stability is associated with the balance between

  1. Actual growth rate
  2. Warranted growth rate
  3. Natural growth rate
  4. Desired growth rate

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8. Assume rate of depreciation (6) is constant and population grows exponentially at rate n, then in context of Solow Model, Steady State will be at

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9. The property of catch up in solow model is better known as

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10. Which country is ranked highest among India’s neighboring countries in the Global Gender Gap Report 2023?

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