Previous Year Economics Questions for SSC CGL 2017

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.Gilt-edged market means
(a) bullion market
(b) market of government securities
(c) market of guns
(d) market of pure metals 

Q2.India changed over to the decimal system of coinage in
(a) April 1995
(b) April 1957
(c) April 1958
(d) April 1959
Q3. Import Coverage ratio refers to
(a) Share of imports in total GDP of the country
(b) Share of imports in the total trade of the country
(c) Share of imports subject to tariff barriers
(d) Share of imports subject to non-tariff barriers
Q4. Arrange the following food grains in the descending order of their contribution to total food grains production in India
(1) Wheat
(2) Rice
(3) Pulses
(4) Coarse Cereals
Select the correct answer from the codes given below:
(a) 1-2-4-3
(b) 1-2-3-4
(c) 2-1-3-4
(d) 2-1-4-3
Q5. All revenues received, loans raised and money received in repayment of loans by the Union government go into
(a) Public account of India
(b) Contingency fund of India
(c) Consolidated fund of India
(d) None of the above
Q6. The law of demand states that
(a) demand increases with increase in income
(b) when income and prices rise, the demand also rises
(c) when price falls, demand increases
(d) when price increases, demand increases
Q7. The balance of payment comprises
(a) a current account of goods and services only
(b) a capital account of financial assets only
(c) official settlement accounts only
(d) all of these
Q8 what is the name of BRICS bank and who is the first president of this bank respectively-
(a) Asian Bank and KV kamath
(b) Asian Development bank and SS Mundra
(c) New development Bank and KV Kamath
(d) Development bank SS mundra
Q9 Which of the following Indian Act has been replaced by the enactment of FEMA in 1999?
(a) FERA
(b) Indian Copyright Act
(c) Indian Patent Act
(d) Both (b) and (C)
Q10. All of the following are determinants of demand except:
(a) price of related goods.
(b) income.
(c) quantity supplied.
(d) tastes and preferences.
Q11. VAT is imposed on………?
(a) Directly on consumer
(b) On all stages between production and final stage
(c) On first stage of production
(d) On final stage of production
Q12. Increase in net RBI credit for Central Government represents?
(a) Monetised Deficit
(b) Fiscal Deficit
(c) Revenue Deficit
(d) Budgetary Deficit
Q13. Adam Smith defined Economics in term of:
(a) The science of welfare
(b) The science of scarcity
(c) The science of wealth
(d) The science of wealth and welfare
Q14. Macro Economics is the study of __________.
(a) all aspects of scarcity
(b) the national economy and the global economy as a whole
(c) big businesses
(d) the decisions of individual businesses and people
Q15. What is an Indian Depository Receipt?
(a) A deposit account with a Public Sector Bank
(b) A deposit account with any of depositories in India
(c) A denominated in Indian currency and are issued by a domestic depository and the underlying equity shares are secured    with a custodian
(d) None of the above



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