EXAM: BANGLADESH BANK
POST: ASSISTANT DIRECTOR
DATE: 03.02.2017
TOTAL MARKS: 200
TIME: 120 MINUTES

Instruction: Answer the questions in the given space provided in the answer script.

Question 01. Write an essay on our Victory day highlighting its importance for Bangladesh.

Solution: The 16th of December, 1971 is a red letter day in our national history. It was on this day we were to snatch our independences after a life and death liberation war for long nine months. This victory was a victory of right against wrong. It was a war of self-emancipation. Every year we observe this day in a colorful manner. This day reminds us of the supreme in a colorful manner. This day reminds us of the supreme sacrifice of our freedom fighters who will ever shine in our hearts like the luminous stars in the sky. But at the same time we must remember the sprit of the liberation war

We wanted a country where justice will prevail over injustice and wrong. Instead, we are now having a night-marish experience of lawlessness, violence and misrule. The lords of the mischief mongers are getting upper hand in the society, whereas the meek and mild become the worst sufferers. Disorder in everything has become the order of the day.

Every year the Government, different organization and institutions take elaborate programmes to celebrate the day on a befitting manner. The national flag is hosted in all important offices, buildings, institutions and shops. All important places are tastefully decorated. Meetings and seminars are held to explain the importance of the day. On this day we pay rich tributes to the memory of the day. On this day we pay rich tributes to the memory of the martyrs who laid down their lives for the sake of our independence

So let all of us remember the sprit of the victory and see to establish just laws in the country to build it as a country which rightly be called ‘Sonar Bangla’

The celebration of Victory Day has been taking place since 1972. The Bangladesh Liberation War became a topic of great importance in cinema, literature, history lessons at school, the mass media, and the arts in Bangladesh. The ritual of the celebration gradually obtained a distinctive character with a number of similar elements: Military Parade by Bangladesh Armed Forces at the National Parade Ground, ceremonial meetings, speeches, lectures, receptions and fireworks. Victory Day in Bangladesh is a joyous celebration in which popular culture plays a great role. TV and radio stations broadcast special programs and patriotic songs. The main streets are decorated with national flags. Different political parties and socioeconomic organizations undertake programs to mark the day in a befitting manner, including the paying of respects at Jatiyo Smriti Soudho, the national memorial at Savar near Dhaka.

Every year this day is observed with great solemnity and solidarity. The whole country wears a festive look. This day begins with gun shot. Our national flag is hoisted on the top of each institution, shop and shopping mall. Meetings, seminars and discussions are held in various places. People go to the national memorial to show respect to the martyrs. On this day, we take oath against any kind of injustice, tyranny and falsehood. However, it is a day of joy, hope and inspiration. This day will remain ever fresh and ever green in the heart of each and every Bangalee.

Question 02. Translation: Bengali to English.

আধুনিক বিশ্বে শিক্ষাগত পরিবর্তন প্রক্রিয়া নানা কারণে গতিময় হয়ে উঠেছে। যোগাযোগ ও আদান প্রদানের নতুন নতুন প্রযুক্তিগত মাধ্যম, আধুনিক পদ্ধতিতত্ত্ব, সর্বাধুনিক শিক্ষা উপকরণ ও শিক্ষা সমাজের প্রতিটি পর্যায়ে দ্রুত পরিবর্তন আনতে সক্ষম হচ্ছে। শিক্ষা হলো একটি সামাজিক প্রক্রিয়া – যে প্রক্রিয়ার দ্বারা সমাজশক্তির কর্তৃত্ব ব্যক্ত হয়। আমাদের সমাজে এই শক্তি রাষ্ট্রকেও প্রভাবিত করে। আবার এদেশের শিক্ষার একটি বৃহত্তম অংশ রাষ্ট্রের নিয়ন্ত্রণাধীন পরিচালিত। তাই সরকার যে শিক্ষানীতি ধার্য করেন সেই নীতি স্বাভাবিকভাবে সমাজ ব্যবস্থার রূপান্তর ঘটাতে সক্ষম হয়। সামাজিক প্রক্রিয়া হিসেবে সমাজ পরিবর্তনে শিক্ষার ভূমিকার স্বীকৃতি আমরা আমেরিকান প্রয়োগবাদী শিক্ষা-দার্শনিক জন ডিউইয়ের আলোচনাতেও লক্ষ করি। তিনি বলেন, শিক্ষা শুধু একটি ভিত্তিহীন প্রক্রিয়া নয়, এটি সামাজিক প্রক্রিয়া। প্রক্রিয়া হলো একটি আদি-অন্তহীন গতি। এই গতি নিরবচ্ছিন্ন, সদা পরিবর্তনশীল। শিক্ষা কোন কৃত্রিম গতি নয়। এটি মানবজীবনের স্বাভাবিক গতি-প্রক্রিয়া। এই প্রক্রিয়ার সাহায্যে সামাজিক পটভূমিকায় মানুষ তার জীবনকে পুনর্গঠন করে।

Solution: Educational revamping process has been gained momentum on account of many reasons in the today’s world. Newly technological medium of communication and commutation, modern structural theory, illative teaching tools and education enable bringing about changes in each and every corner of society. Education by which the social power is brought to light a social process. This power swayes the state in our society. And a major part of education system is under the control of state. So educaion pollice taken by the government enables to bring about changes in the social systmps normally. Acknowledgement of the roles of education as a changing process of society is also noticed in the argumentation of American pragmatist education philosopher. He said that education is not merely a baseless mechanism; rather it is a social process. This process is illimitable. This motion is unremitting and changeable. It is not a factitious wave. is natural momentum of human life. Man reconstructs his life in this social platform by the mechanism.

Question 03.Translation: English to Bengali

In Bangladesh economy with limited, regulated openness in the external sector, the financial system remained free of contagion from toxic assets of the markets in developed economies afflicted by the crisis. In addition, the agriculture sector of our country, as a driver of economic growth has performed relatively quite well in recent times. Our banks-don’t have derivatives and they don’t have sub prime mortgages. Their investment in real estate sector has remained low. Yet there are risks and vulnerabilities in our financial sector. We need to strengthen our regulatory and supervisory system so that these risks can be identified well in advance and to ensure best practices in our banks.

Solution: ছোট অর্থনীতির, নিয়ন্ত্রিত বহির্খাতের এই বাংলাদেশের আর্থিক ব্যবস্থা উন্নত অর্থনীতির দেশগুলোর সঙ্কটপূর্ণ বাজারের মন্দ সম্পদ থেকে মুক্ত রয়েছে। অধিকন্তু সম্প্রতি অর্থনৈতিক প্রবৃদ্ধির চালিকা শক্তি হিসেবে আমাদের দেশের কৃষি খাতে তুলনামূলকভাবে অনেক ভালো করেছে। আমাদের ব্যাংকগুলোর খুব বেশি Derivatives (এক ধরনের Security যার মূল্য ব্যাংক তার কাছে Customer এর গচ্ছিত সম্পদের উপর ভিত্তি করে নিরূপণ করে থাকে) নেই এবং খুব বেশি Sub prime mortgage (Sub prime mortgage হচ্ছে এক ধরনের ঋণ যা এমন ব্যক্তিকে দেয়া হয় যার Poor credit rating রয়েছে অর্থাৎ যে কিছুটা আর্থিকভাবে সামর্থ্য কম) নেই। জমি-জমার ব্যবসায় তাদের বিনিয়োগ কম। যদিও আমাদের আর্থিক খাতে ঝুঁকিতে আক্রান্ত হবার সুযোগ রয়েছে। তাই ব্যাংকগুলোতে সুশাসন নিশ্চিত করার জন্য আমাদের নিয়ন্ত্রণ ও তত্ত্বাবধান ব্যবস্থাকে সুদৃঢ় করতে হবে যাতে আক্রান্ত হওয়ার ঝুঁকিগুলো আগে থেকেই চিহ্নিত করা যেতে পারে।

Question 04. A sample of 20 production workers in a company earned the following net pay amounts after all deductions for a given week, rounded to the nearest BDT and arranged in ascending order. BDT 240, 240, 240, 240, 240, 240, 240, 240, 255, 255, 265, 265, 280, 280, 290, 300, 305, 325, 330, 340. Calculate the.

(a) mean, (b) median, (c) mode, (d) sample variance, and (e) sample standard deviation for this group of wages. 20

Question 05.Consider a pack contains 4 blue, 2 red and 3 black pens

a) If a pen is drawn at random from the pack, replaced and the process repeated 2 more times. What is the probability of drawing 2 blue pens and 1 black pen?

b) If 2 pens are drawn at random from the pack, NOT replaced and then another pen is drawn.

What is the probability of drawing 2 blue pens and 1 black pen?

Question 06. A representative of a community group informs the prospective developer of a shopping center that the average income per household in the area is BDT45.000. Suppose that for the type of area involved household income can be assumed to be approximately normally distributed, and that the standard deviation can be accepted as being equal to a = 5072,000, based on an earlier study. For a random sample of n = 15 households, the mean household income is found to be X = BDT44,000.

(Note: The normal probability distribution can be used even though the sample is small, because the population is assumed to be normally distributed and a is known.)

a) Test the null hypothesis that u = BDT 45, 000 by establishing critical limits of the sample mean in terms of BDT, using the 5 percent level of significance.

b) Test the hypothesis µ = BDT 45,000, by using the standard normal variable z as the test statistic.

Question 07.Questionnaire surveys are commonly used to collect data.

i) Define how you would calculate the response

rate in a survey.

ii) Describe what is meant by non-response bias and why this poses a problem when analyzing survey data?

iii) Explain the reasons for carrying out a pilot questionnaire survey.

Question 08.From the following table calculate the(a) Laspeyres birth rate index, (b) Paasche birth rate index and (c) Fisher birth rate index in 2009, using 2008 as the base period

Question 09. From the data for the period 1971 – I to 1988-IV for a country, the following regression results were obtained:

1)In $ M1_{1}$=-10.2571+ 1.5975 In $GDP_{1}$

t=(-12.9422) (25.8863)

$R^{2}$=0.9464 d=0.3254

2)$\Delta$In$M1_{1}$=0.0095 +0.5833$\Delta$In$GDP_{1}$

t=(2.4957) (1.8958)

R²=0.0885 d=1.7399

3)$\Delta$$v_{t}$=-0.1958$V_{t-1}$

(t=$\pi$)(-2.2521)

R² = 0.1118 d=1.4767

Where M1 = M1 money supply, GDP= gross domestic product measured in billions of BDT In is natural log, and v, represent the estimated residuals from regression 1.

a) Interpret regressions 1 and 2. What is the elasticity of Ml with respect to GDP and is statistically significant? Why or why not?

b) Do you suspect that regression 1 is spurious? Why?

c) Is regression 2 spurious? How do you know? From the results of regression 3, would you change your conclusion in b? and why? (hint: 5% critical t value is – 1.9495 and 1% critical value is -2.6277).

d)Now consider the following regression:

$\Delta$In$M1_{1}$=0.0084 0.7340$\Delta$In$GDP_{1}$ -0.0811$v_{-1}$

t=(2.0496) (2.0636) (-08537)

R² =0.1066 d=1.6697

What does this regression tell you ? Dose this help you decide if regression 1 is sourious or not ?