SSC CGL Tier-I Exam: Economics Quiz!

19 Questions | Total Attempts: 819

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SSC CGL Tier-I Exam: Economics Quiz!


Questions and Answers
  • 1. 
    Human development index comprises literacy rate, life expectancy at birth and:
    • A. 

      GDP at factor cost

    • B. 

      GDP per head at real purchasing power

    • C. 

      Standard of living measured by real GDP per capita

    • D. 

      GNP in US dollar

  • 2. 
    The most appropriate measure of a country’s economic growth is its:
    • A. 

      Per capita real income

    • B. 

      Gross domestic product

    • C. 

      Gross national product

    • D. 

      Net national product

  • 3. 
    In India, which institution estimates the National income:
    • A. 

      Indian statistical institute

    • B. 

      Central statistical organization

    • C. 

      Finance commission

    • D. 

      Planning commission

  • 4. 
    Millennium development goals are set for:
    • A. 

      Developed countries

    • B. 

      Developing countries

    • C. 

      Least developed countries

    • D. 

      OECD countries

  • 5. 
    Which sector in India have the largest contribution to national income?
    • A. 

      Service sector

    • B. 

      Industrial sector

    • C. 

      Manufacturing sector

    • D. 

      Agriculture sector

  • 6. 
    What is the difference between the gross national product and the net national product?
    • A. 

      Government expenditure

    • B. 

      Net capital assets

    • C. 

      Government subsidies

    • D. 

      Consumption of fixed capital

  • 7. 
    How many members Planning commission of india has?
    • A. 

      11

    • B. 

      9

    • C. 

      7

    • D. 

      None of these

  • 8. 
    In which five-year plan, ‘Garibi hatao’ objective was introduced?
    • A. 

      Sixth plan

    • B. 

      Second plan

    • C. 

      Fifth plan

    • D. 

      Ninth plan

  • 9. 
    ‘Open market operation’ is a part of which policy?
    • A. 

      Fiscal policy

    • B. 

      Debt policy

    • C. 

      Credit policy

    • D. 

      FDI policy

  • 10. 
    When RBI bought the securities from the market, it leads to:
    • A. 

      Increase in liquidity

    • B. 

      Decrease in liquidity

    • C. 

      No change

    • D. 

      None of these

  • 11. 
    Which committee is associated with the NABARD establishment?
    • A. 

      Narasimham committee

    • B. 

      Public account committee

    • C. 

      Shivaraman committee

    • D. 

      Kelkar committee

  • 12. 
    Which of these are indirect taxes?
    • A. 

      Import duty

    • B. 

      Wealth tax

    • C. 

      Estate duty

    • D. 

      Corporation tax

  • 13. 
    Which of these are direct tax?
    • A. 

      Sales tax

    • B. 

      Value added tax

    • C. 

      Custom duties

    • D. 

      Land revenue

  • 14. 
    ‘MID-DAX’ is the stock market of which country or city?
    • A. 

      Hong kong

    • B. 

      Singapore

    • C. 

      Malaysia

    • D. 

      Frankfurt

  • 15. 
    What is the cause of Inflation?
    • A. 

      Increase in demand

    • B. 

      Decrease in demand

    • C. 

      Increase in money supply and fall in production

    • D. 

      Decrease in money supply and increase in production

  • 16. 
    What will be the effect on credit creation if CRR is lowered by RBI?
    • A. 

      Decrease

    • B. 

      Increase

    • C. 

      No change

    • D. 

      None of these

  • 17. 
    Who formulates fiscal policy?
    • A. 

      RBI

    • B. 

      SEBI

    • C. 

      Finance ministry

    • D. 

      Planning commission

  • 18. 
    Who is the chairman of the fourteenth finance commission?
    • A. 

      C.rangarajan

    • B. 

      M.N.Vohra

    • C. 

      Y.V.Reddy

    • D. 

      Vijay kelkar

  • 19. 
    What would be the effect on national income if savings exceed investment?
    • A. 

      Increase

    • B. 

      Decrease

    • C. 

      Fluctuate

    • D. 

      Constant

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