SSC CGL Tier-I Exam: Economics Quiz!

19 Questions | By Jagranjosh | Updated: Mar 21, 2022 | Attempts: 1005

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SSC CGL Tier-I Exam: Economics Quiz! - 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