Here we are providing an Economic Quiz of 15 Most important Question with accordance to the syllabus of SSC CGL. It will help you to fetch more marks in final exam
Q1. The term ‘Economics’ owes its origin to the Greek word
(a) Aikonomia
(b) Wikonomia
(c) Oikonomia
(d) None of the above
Q2. In which year was the 20 point economic programme was announced for the very first time?
(a) 1975
(b) 2006
(c) 1986
(d) 1982
Q3. Dr. M.S. Swaminathan has distinguished himself in which of the following fields?
(a) Nuclear Physics
(b) Agriculture
(c) Astrophysics
(d) Medicine
Q4. Choice is created by the
(a) abundance of resources
(b) urgency of needs
(c) non-availability of resources
(d) scarcity of resources
Q5. Scheduled Banks of India are those banks, which are?
(a) Included in First Schedule of RBI Act, 1934
(b) Not included in First Schedule of RBI Act, 1934
(c) Included in Second Schedule of RBI Act, 1934
(d) Not included in Second Schedule of RBI Act, 1934
Q6. Capital intensive technique would get chosen in a
(a) labour surplus economy.
(b) capital surplus economy.
(c) developed economy.
(d) developing economy
Q7. Open market operations, one of the measures taken by RBI in order to control credit expansion in the economy means?
(a) Sale or purchase of Govt. securities
(b) Issuance of different types of bonds
(c) Auction of gold
(d) None of the above
Q8. SDR called as paper gold is associated with
(a) IMF
(b) World Bank
(c) WTO
(d) UNCTAD
Q9. Yellow Revolution refers to the production of
(a) wool
(b) fish
(c) shrimp
(d) Oil seeds
Q10. Socialist economy is a
(a) planned economy
(b) mixed economy
(c) profit oriented economy
(d) none of these
Q11. Larger production of goods would lead to higher production in future.
(a) consumer goods
(b) capital goods
(c) agricultural goods
(d) public goods
Q12. Golden quadrilateral project is associated with the development of
(a) Highways
(b) Ports
(c) Power Grids
(d) Tourism Network
Q13.Depreciation means?
(a) Closure of a plant due to labour trouble
(b) Destruction of a plant in a fire accident
(c) Loss of equipment over time due to wear and tear
(d) Closure of a plant due to lock out
Q14.Which of the following is a Direct Tax?
(a) Excise duty
(b) Sales tax
(c) Income tax
(d) VAT
Q15. Which one of the following is/are implication(s) of large inflow of foreign exchange into the country?
I. It makes monetary management difficult for RBI.
II.It creates money supply, asset bubbles and inflation.
III.It weakens the competitiveness of Indian exports.
(a) Only I
(b) Only II
(c) Only III
(d) All of the above
