Economics Important Questions Set-7 for SSC CGL and SSC CHSL Exam

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Economics Important Questions Set-6 for SSC CGL and SSC CHSL Exam

Economics Important Questions Set-7 for SSC CGL and CHSL Exam. This is Set - 7 containing 15 Multiple Choice Questions with answer on Economics important for SSC CGL, SSC CHSL or 10+2 and other competitive exams.  We hope this will helpful for your comp. exams preparation.

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1.Per capita income is equal to :

 

  1. National Income / Total Population of the country
  2. National income + population
  3. National Income - population
  4. National Income x population

Answer : 1. National Income / Total Population of the country

 

  1. The Annapurna scheme was implemented in year :
  1. 1998
  2. 1996
  3. 1999
  4. 2000

 

  1. A balance of the trade of a country implies that  :
  1. Imports are greater than Exports
  2. Exports are greater than Imports
  3. Both exports and imports are equal
  4. Rising Imports and falling Exports

Answer : 2. Exports are greater than Imports

 

  1. The value of  a commodity expressed in terms of money is know as
  1. Price
  2. Utility
  3. Value
  4. Wealth

Answer : 1. Price

 

  1. The planning commision of India was established in the year
  1. 1947
  2. 1949
  3. 1950
  4. 1952

Answer : 3. 1950

 

  1. Green Revolution was started in
  1. 1960
  2. 1970
  3. 1980
  4. 1990

Answer : 1.  1960

 

  1. The term of the Finance commission is
  1. 10 years
  2. 5 years
  3. 6 years
  4. 3 years

 

  1. Reserve bank of India was nationalised in
  1. 1948
  2. 1947
  3. 1949
  4. 1950

Answer : 3. 1949

 

  1. In a capitalist economy, the prices are  determined by :
  1. Demand and Supply
  2. Government Authorities
  3. Buyers in the market
  4. Sellers in the market

Answer :  1. Demand and Supply

 

  1. Which  of the following is not a cause of low  productivity in Indian agriculture ?
  1. Co-operative farming
  2. Inadequate inputs availability
  3. Subdivision and fragmentation of land holdings
  4. Poor Finance and marketing

Answer : 1. Co-operative farming

 

  1. Monopolist resorts is an essential feature of

 

  1. Elasticity of supply
  2. Elasticity of  demand
  3. Law of demand
  4. Law of supply

Answer : 2. Elasticity of  demand

 

  1. Economics planning is an essential feature of
  1. Socialist economy
  2. Capitalist economy
  3. Mixed economy
  4. Dual Economy

Answer : 1. Socialist economy

 

  1. The HYV programme in India is called as
  1. Traditional Agriculture
  2. New Agriculture Strategy
  3. White Revolution
  4. Blue Revolution

Answer : 2. New Agriculture Strategy

 

  1. The national Policy for empowerment of women was adopted in the year ;
  1. 2001
  2. 2005
  3. 1991
  4. 1995

Answer : 1. 2001

 

  1. Which revenue earned by the union govt. is not distributed among state governments ?
  1. Excise duty
  2. Income tax
  3. Custom duty
  4. None of these

Answer : 3. Custom duty

 

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