SSC CGL Tier-I Exam: Economics Quiz!
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- 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.In India, which institution estimates the National income:
- A.
Indian statistical institute
- B.
Central statistical organization
- C.
Finance commission
- D.
Planning commission
- 3.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
- 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.‘Open market operation’ is a part of which policy?
- A.
Fiscal policy
- B.
Debt policy
- C.
Credit policy
- D.
FDI policy
- 9.In which five-year plan, ‘Garibi hatao’ objective was introduced?
- A.
Sixth plan
- B.
Second plan
- C.
Fifth plan
- D.
Ninth plan
- 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 of these are indirect taxes?
- A.
Import duty
- B.
Wealth tax
- C.
Estate duty
- D.
Corporation tax
- 12.Which committee is associated with the NABARD establishment?
- A.
Narasimham committee
- B.
Public account committee
- C.
Shivaraman committee
- D.
Kelkar committee
- 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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