Exam Details
| Subject | english | |
| Paper | paper 2 | |
| Exam / Course | ||
| Department | ||
| Organization | Reserve Bank of India Services Board | |
| Position | legal officer | |
| Exam Date | 2009 | |
| City, State | central government, |
Question Paper
R. B. I. S. B. (L.O.)
2009
[TIME-2-30 P.M. TO 5-30 P.M.]
(Maximum Marks-lOO)
PAPER II -ENGLISH
NB..-0) All questions are compulsory.
Figures to the right indicate marks.
Each question must be started on a fresh page.
All parts of a question must be answered together without other answers intervening.
Marks will 00 deducted ifan answer far exceeds or falls short
of the set limit, or is irrelevant, or if the handwriting is illegible.
Answers must be written in English. Marks
1. Write an argumentative essay of about 500 words on anyone of the following
Justice delayed is justice denied
Indian Government and Global Warming
Globalisation and Regional Languages
«Fundamental Rights in Indian Constitution is a charter of rights
to guarantee the civil liberties.»
Reserve Bank and its role in economic growth of India.
2. Make a precis ofthe following passage in your own words, reducing 24
it to about 200 words, and give it a suitable title. Write your
precis on the special sheet provided for this purpose
In India, there has been a lot of debate on the drivers of and
deterrents to economic growth. Since the debate has by and large
raged among economists, it has been largely restricted to what
one may refer to as technical formal factors: the local and global
macroeconomic framework, infrastructure, agricultural performance,
governance, health and eduction, etc. The role of social structures
and processes has more or less been neglected. In fact, even in
dealing with the so-called techical-formal factors, the non-technical
informal processes and politics have not been part of this debate.
On the other hand, sociologists have engaged in detailed discussions
on the changing structures and processes of Indian society for a
close to a century now, but have mostly kept away from
demonstrating the relevance ofthese social changes to the country's
economy. One can argue that a disciplinary divide like this exists
even in western countries, where these sciences have originated
in their modern form, but we would also agree that the sharpness
of the divide there has been blunted to a greater degree by the
prevalence ofinter, multi and trans-disciplinarily than it has been
here.
[Turn over
Marks
At a more practical level, this divide has meant that the notion of equity has come to be seen in the limited sense ofredistribution and welfare, and as such opposed by particular group of market economists. Politicians, with their patronizing pursuit of socialjustice in the form of various bail-outs and dole-outs, seem to have made
the perceived trade-off between equity and efficiency look !llore real. The truth of the matter is, ifwe bring insight from these two disciplines together, we would realize that, in fact, it is the presence of vast and persistent social inequities based on gender, class, caste, religion etc that pose a fundamental challenge to the pursuit of economic efficiency in India.
In India, prima facie we come across horizontal and vertical forms of equity. Equity in horizontal sense-addressing social biases and creating an enabling environment for all to participate in the process of economic growth itself-ceases to be a predicament, but a pre-condition for efficiency. Equity in vertical sense is meant to advocate the idea of efficiency first, equity later-we need wealth to
be able to redistribute it.
Unfortunately, the horizontal form of equity is not preferred by the political class in India. It can not be since the pursuit of equity has largely been taken up because of political compulsions to please and pacify certain sections of the electorate. Social sector programmes that have come up do have potential to mitigate the immediate hardships of the poor. They reflect the curative firefighting style ofIndian policymaking, indisposed to address the root causes of the problems we face. And what is worse, even these token measures could be gradually toned down the moment they stop yielding the desired political results or the crisis does not loom large on our heads. The rise of coalition politics has in a way made this problem more chronic, with a great amount offocus on keeping the coalition partners together and continuing in power.
If the Government is serious about inclusive growth, the focus has to be on horizontal equity, on social liberalization which entails opening up barriers that prevent millions from participating in the process of growth in itself. It is not poverty alone that has to be tackled, the self respect and confidence of the oppressed has to be restored to enable them to stand up and pursue their and their country's prosperity. What is keeping a massive pool of our talent untapped and holding the country back from a gigantic growth momentum are horizontal inequities. And once we are able to tackle them even to a limited degree, then sky would be the only
our limit.
Answer the following questions based on the passage briefly, and in your own words 10
Why do thinkers fail to properly evaluate the economic growth in India? 3
Which are the forms of equity? In what way are they different from each other? 2
Which factors do not let the political class take into account the horizontal form of equity 3
Which remedial steps are required to be taken by the government to ensure the inclusive growth for India? 2
Marks
Explain clearly the contextual meaning of any three ofthe following expressions in the passage 6
By and Large
Deterrents
Prima Facie
Tone down
Loom large
Massive
3. Attempt anyone of the following in about 250 words 20
As the President of ICAl, write a letter to the Governor, Reserve Bank of India requesting for the procedures to be followed for the Allocation of Central Statutory Audits of Public Sectors.
You had transferred an amount of Rs. 25,000 from ICICI, MaIVlya Nagar Branch to SBI Allahabad Branch. When you visited the SBI Branch, you could not find your EFT even after 3-4 days. After sever;li visits and repeated letters you did not get any satisfactory reply from them. Now you are compelled to write a letter to Customer Service Department, State Bank of India, Central office, Mumbai requesting them to expedite the matter by directing the concerned authorities responsible for this undue delay.
The prices of food grain are shooting up beyond control. It is essential for the government to curb the price hike in the common interest ofpeople. As suggested by the Prime Minister's Economic Advisory Council, RBI tends to form a committee of eminent economists to explore ifreducing the supply ofmoney and raising the interest rate could tame the rising prices of food articles. As the chairman of the committee, submit your report to RBI offering the recommendations.
2009
[TIME-2-30 P.M. TO 5-30 P.M.]
(Maximum Marks-lOO)
PAPER II -ENGLISH
NB..-0) All questions are compulsory.
Figures to the right indicate marks.
Each question must be started on a fresh page.
All parts of a question must be answered together without other answers intervening.
Marks will 00 deducted ifan answer far exceeds or falls short
of the set limit, or is irrelevant, or if the handwriting is illegible.
Answers must be written in English. Marks
1. Write an argumentative essay of about 500 words on anyone of the following
Justice delayed is justice denied
Indian Government and Global Warming
Globalisation and Regional Languages
«Fundamental Rights in Indian Constitution is a charter of rights
to guarantee the civil liberties.»
Reserve Bank and its role in economic growth of India.
2. Make a precis ofthe following passage in your own words, reducing 24
it to about 200 words, and give it a suitable title. Write your
precis on the special sheet provided for this purpose
In India, there has been a lot of debate on the drivers of and
deterrents to economic growth. Since the debate has by and large
raged among economists, it has been largely restricted to what
one may refer to as technical formal factors: the local and global
macroeconomic framework, infrastructure, agricultural performance,
governance, health and eduction, etc. The role of social structures
and processes has more or less been neglected. In fact, even in
dealing with the so-called techical-formal factors, the non-technical
informal processes and politics have not been part of this debate.
On the other hand, sociologists have engaged in detailed discussions
on the changing structures and processes of Indian society for a
close to a century now, but have mostly kept away from
demonstrating the relevance ofthese social changes to the country's
economy. One can argue that a disciplinary divide like this exists
even in western countries, where these sciences have originated
in their modern form, but we would also agree that the sharpness
of the divide there has been blunted to a greater degree by the
prevalence ofinter, multi and trans-disciplinarily than it has been
here.
[Turn over
Marks
At a more practical level, this divide has meant that the notion of equity has come to be seen in the limited sense ofredistribution and welfare, and as such opposed by particular group of market economists. Politicians, with their patronizing pursuit of socialjustice in the form of various bail-outs and dole-outs, seem to have made
the perceived trade-off between equity and efficiency look !llore real. The truth of the matter is, ifwe bring insight from these two disciplines together, we would realize that, in fact, it is the presence of vast and persistent social inequities based on gender, class, caste, religion etc that pose a fundamental challenge to the pursuit of economic efficiency in India.
In India, prima facie we come across horizontal and vertical forms of equity. Equity in horizontal sense-addressing social biases and creating an enabling environment for all to participate in the process of economic growth itself-ceases to be a predicament, but a pre-condition for efficiency. Equity in vertical sense is meant to advocate the idea of efficiency first, equity later-we need wealth to
be able to redistribute it.
Unfortunately, the horizontal form of equity is not preferred by the political class in India. It can not be since the pursuit of equity has largely been taken up because of political compulsions to please and pacify certain sections of the electorate. Social sector programmes that have come up do have potential to mitigate the immediate hardships of the poor. They reflect the curative firefighting style ofIndian policymaking, indisposed to address the root causes of the problems we face. And what is worse, even these token measures could be gradually toned down the moment they stop yielding the desired political results or the crisis does not loom large on our heads. The rise of coalition politics has in a way made this problem more chronic, with a great amount offocus on keeping the coalition partners together and continuing in power.
If the Government is serious about inclusive growth, the focus has to be on horizontal equity, on social liberalization which entails opening up barriers that prevent millions from participating in the process of growth in itself. It is not poverty alone that has to be tackled, the self respect and confidence of the oppressed has to be restored to enable them to stand up and pursue their and their country's prosperity. What is keeping a massive pool of our talent untapped and holding the country back from a gigantic growth momentum are horizontal inequities. And once we are able to tackle them even to a limited degree, then sky would be the only
our limit.
Answer the following questions based on the passage briefly, and in your own words 10
Why do thinkers fail to properly evaluate the economic growth in India? 3
Which are the forms of equity? In what way are they different from each other? 2
Which factors do not let the political class take into account the horizontal form of equity 3
Which remedial steps are required to be taken by the government to ensure the inclusive growth for India? 2
Marks
Explain clearly the contextual meaning of any three ofthe following expressions in the passage 6
By and Large
Deterrents
Prima Facie
Tone down
Loom large
Massive
3. Attempt anyone of the following in about 250 words 20
As the President of ICAl, write a letter to the Governor, Reserve Bank of India requesting for the procedures to be followed for the Allocation of Central Statutory Audits of Public Sectors.
You had transferred an amount of Rs. 25,000 from ICICI, MaIVlya Nagar Branch to SBI Allahabad Branch. When you visited the SBI Branch, you could not find your EFT even after 3-4 days. After sever;li visits and repeated letters you did not get any satisfactory reply from them. Now you are compelled to write a letter to Customer Service Department, State Bank of India, Central office, Mumbai requesting them to expedite the matter by directing the concerned authorities responsible for this undue delay.
The prices of food grain are shooting up beyond control. It is essential for the government to curb the price hike in the common interest ofpeople. As suggested by the Prime Minister's Economic Advisory Council, RBI tends to form a committee of eminent economists to explore ifreducing the supply ofmoney and raising the interest rate could tame the rising prices of food articles. As the chairman of the committee, submit your report to RBI offering the recommendations.