Target SSC CGL | 10,000+ Questions | Economics Questions For SSC CGL: Day 144_00.1
Latest SSC jobs   »   Target SSC CGL | 10,000+ Questions...

Target SSC CGL | 10,000+ Questions | Economics Questions For SSC CGL: Day 144

Dear aspirants,

This is the new year with new goals, new experiences and lots of exams to be scheduled soon. SSC CGL has recently released the exam dates so now it is time to gear up your preparations and try hard to get success. ADDA247 never fails to deliver something new and fruitful for you all. This time also we are providing you the best study plan as well as a study material. We are here going to prepare your General Awareness section for the SSC CGL. In this article, we are providing you the details that how we are going to help you to clear the examination this year. We ADDA247 is going to provide you daily tests for all the subjects. The topic-wise quiz will be done from January till May. This will help you to get a deeper knowledge of all the topics and will prepare you thoroughly.

Click here to Get SSC CGL 10000+ Complete Study Plan

Q1. Returns to scale is a?
(a) Timeless phenomenon.
(b) Directionless phenomenon.
(c) short run phenomenon.
(d) long run phenomenon.

Q2. The production function signifies?
(a) economical relation.
(b) social relation.
(c) industrial relation.
(d) cost relation.

Q3. In economics, production means?
(a) manufacturing.
(b) making.
(C)creating utility.
(d) forming.

Q4. The concept of Joint sector implies cooperation between?
(a) public sector and private sector industries.
(b) state government and central government.
(C) Domestic and foreign companies.
(d) None of these.

Q5. In an economy, the sectors are classified into public and private sector on the basis of?
(a) Employment conditions.
(b) Nature of economic activities.
(C) Ownership of enterprises.
(d) use of raw materials.

Q6. Quasi rent is a ____ phenomenon?
(a) Medium.
(b) long term.
(c) short term.
(d) no time.

Q7. Transferring earning or alternative cost is otherwise known as?
(a) variable cost.
(b) implicit cost.
(c) explicit cost.
(d) opportunity cost.

Q8. The addition to the total cost by producing an additional unit of output by a firm is called?
(a) variable cost.
(b) average cost.
(c) marginal cost.
(d) opportunity cost.

Q9. The production function relates to?
(a) costs to outputs.
(b) costs to inputs.
(c) inputs to outputs.
(d) wage level to profits.

Q10. GEF stands for?
(a) Global environment fund.
(b) Global economic fund.
(C) Global education fund.
(d) Global energy fund.

Click here to attempt this Quiz on Adda247 App & Get All India Rank

Solutions
S1. (d)
Sol-
• Return to scale is rate at which production or output respond due to change in input or factors of production in long run.
S2. (C)
• Production function shows relationship between input and outputs.
• So it signifies industrial relation.
S3. (C)
• In economics, production means creating utility.
• Utility means satisfaction.
• Generated by consuming any unit of production.
S4. (a)
• Concept of Joint sector implies that public and private sector come together for establishment of new enterprise for a project.
S5. (C)
• Sectors which are owned by State are called as public sectors, which are owned by private entity are called as private sectors.
S6.(c)
• Quasi rent is a term in economics that describes certain types of returns to firm.
• It is a temporary phenomenon.
S7. (d)
• Opportunity cost is a cost measured for the value of the best next alternative that is not choosen.
• In other words opportunity cost is sacrificed value due to choosing second best alternative.
S8. (C)
• Marginal cost is addition to the total cost by producing an additional unit of the output by a firm.
S9. (C)
• Production function shows relationship between input and output so it signifies industrial relation.
S10. (a)
• GEF stands for global environment fund.
• It deals with the investments in the energy sector, environmental and natural resource sectors.

 

In the last month i.e. in May daily we will provide you with a test of the previous years’ question papers, this will increase your confidence of solving the real exam and will make you familiar with the real-time exam.

Click here for best SSC CGL mock tests, video course, live batches, books or eBooks

To Attempt the Quiz on APP with Timings & All India Rank, Download the app now, Click here

Preparing for SSC Exams in 2020-21? Register now to get free study material 

SSC CGL 2020 CAPSULE General Awareness And General Science: Free PDF | Download Now

Click here for best SSC CGL mock tests, video course, live batches, books or eBooks

Target SSC CGL | 10,000+ Questions | Economics Questions For SSC CGL: Day 144_50.1

Sharing is caring!

June Current Affairs PDF

×

Download success!

Thanks for downloading the guide. For similar guides, free study material, quizzes, videos and job alerts you can download the Adda247 app from play store.

Thank You, Your details have been submitted we will get back to you.
Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Login

OR

Forgot Password?

Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Sign Up

OR
Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Forgot Password

Enter the email address associated with your account, and we'll email you an OTP to verify it's you.


Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Enter OTP

Please enter the OTP sent to
/6


Did not recive OTP?

Resend in 60s

Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Change Password



Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Almost there

Please enter your phone no. to proceed
+91

Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Enter OTP

Please enter the OTP sent to Edit Number


Did not recive OTP?

Resend 60

By skipping this step you will not recieve any free content avalaible on adda247, also you will miss onto notification and job alerts

Are you sure you want to skip this step?

By skipping this step you will not recieve any free content avalaible on adda247, also you will miss onto notification and job alerts

Are you sure you want to skip this step?