Economics Questions for SSC CGL 2017

Q1. Which organisation computes the house price index (HPI) ?
(a) NCS
(b) SEBI
(c) NHB
(d) NSO
Q2. Which of the following recommended for the formation of National statistical commission
(a)  Ashok Mehta Committee
(b)  Bimal Jalan committee
(c)  Narasimham Committee
(d)  C. Rangarajan Economic Advisory Council
 Q3. The Green Revolution in India has contributed to
(a) inter-regional inequality
(b) inter-class inequality
(c) inter-crop inequality
(d) all of the above
Q4.The Reserve Bank of India issues currency notes under the—
(a) Fixed fiduciary system
(b) Maximum fiduciary system
(c) Fixed minimum reserve system
(d) Proportional reserve system
Q5. The law of scarcity:
(a) does not apply to rich, developed countries.
(b) applies only to the less developed countries.
(c) implies that consumers’ wants will be satisfied in a socialistic system.
(d) implies that consumers wants will never be completely satisfied.
Q6. Why is demographic dividend likely to be manifested in India in future?
(a) Population in the age group between 8-15 years is likely to increase.
(b) Population of children below 7 years is likely to increase
(c) Population in the age group of 15-64 years is likely to increase
(d) Population in the age group above 65 years is likely to increase
Q7.Economic planning is a special feature of 
(a) Socialistic economy
(b) Mixed economy
(c) dual economy
(d) capitalistic economy
Q8. Which of the following is the cost side measure to check inflation?
(a) Government may import
(b) Government may Increase production
(c) Government may Improve storage
(d) Increasing Income of people
Q9. In which type of Inflation prices shoot up overnight?
(a) Galloping Inflation
(b) Shoot Inflation
(c) Bottleneck Inflation
(d) Hyper Inflation
Q10. During Inflation
(a) lender suffer
(b) borrower benefit
(c) Both a & b
(d) None
Q11. Maximum size of the holding which must be possessed & owned by a family is called.
(a) Family holding
(b) Optimum holding
(c) Economic holding
(d) Fallow holding
Q12. Who among the following is considered to be father of Green Revolution in India?
(a) Prof. Swaminathan
(b) Varghese Kurien
(c) Rajaraman
(d) Prof Acharya
Q13. Who among the following developed High Yielding Variety (HYV) seeds for the first time
(a) Swaminathan
(b) Norman Borlaug
(c) Rajaraman
(d) None of the above
Q14. Price Mechanism is a feature of
(a) Socialistic economy
(b) Mixed economy
(c) dual economy
(d) capitalistic economy
Q15.Subsidies mean
(a) payment by government for the purchase of goods and services
(b) payment made by business enterprises to factors of production
(c) payment made by companies to shareholders
(d) payment made by the government to business enterprises, without buying any goods and services


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