Cloze Test Questions for RBI GRADE B

The Reserve Bank of India has been tightening monetary policy to combat inflation while ensuring economic growth. The central bank's cautious approach has been to maintain a delicate balance between controlling price rise and supporting business activities. Recent data suggests that the targeted measures have started showing positive results, with inflation gradually coming down from its peak levels. However, economists believe that more decisive steps may be required to achieve the target inflation rate of 4%. The RBI's commitment to _(5)_ stability remains unwavering despite global economic uncertainties. Fill in blank (5):

The Reserve Bank of India's monetary policy ___1___ has consistently aimed at maintaining price stability while ___2___ growth. The Monetary Policy Committee, ___3___ of six members, deliberates on the repo rate, which serves as the ___4___ rate at which commercial banks borrow from the central bank. Any ___5___ in this rate cascades through the entire financial system, influencing credit availability and inflation expectations.

The Indian economy has shown remarkable resilience in the face of global economic uncertainties. Despite challenges posed by inflation and supply chain disruptions, the country has _(12)_ to maintain steady growth rates. Government initiatives in infrastructure development and digitization have contributed significantly to economic stability. The service sector, particularly information technology, continues to be a major driver of foreign exchange earnings. However, experts suggest that sustained efforts are needed to ensure long-term economic prosperity. Fill in blank (12):

The central bank's decision to maintain the repo rate was _____ by most economists, who believed that any change would _____ the fragile recovery that had begun to show positive signs in recent quarters.

The Reserve Bank of India has been _(1)_ monetary policy to combat inflation while ensuring economic growth. The central bank's _(2)_ approach has been to maintain a delicate balance between controlling price rise and supporting business activities. Recent data suggests that the _(3)_ measures have started showing positive results, with inflation gradually coming down from its peak levels. However, economists believe that more _(4)_ steps may be required to achieve the target inflation rate of 4%. The RBI's commitment to _(5)_ stability remains unwavering despite global economic uncertainties. Fill in blank (1):