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SSC CGL TOPIC WISE QUESTION PAPER : ECONOMICS

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1. Formalised system of trading agreements with groups of countries is known as (SSC CGL 1st Sit. 2010)

(a) Trading blocks
(b) Trade ventures
(c) Trade partners
(d) Trade organisations

ANS (A)

2. Depression formed due to deflating action of winds are called (SSC CGL 1st Sit. 2010)

(a) Playas
(b) Yardang
(c) Ventifacts
(d) Sand dunes

ANS (B)

3. Which one of the following is not a method of estimating National Income ? (SSC CGL 1st Sit. 2010)

(a) Expenditure method
(b) Product method
(c) Matrix method
(d) Income method

ANS (C)

4. The monetary policy is India is formulated by (SSC CGL 1st Sit. 2010)

(a) Central Government
(b) Industrial Financial Corporation of India
(c) Reserve Bank of India
(d) Industrial Development Bank of India

ANS (C)

5. A short-term government security paper is called (SSC CGL 1st Sit. 2010)

(a) Share
(b) Debenture
(c) Mutual fund
(d) Treasury bill

ANS (D)

6. WTO basically promotes (SSC CGL 1st Sit. 2010)

(a) Financial support
(b) Global peace
(c) Unilateral trade
(d) Multilateral trade

ANS (D)

7. Under which market condition do firms have excess capacity? (SSC CGL 1st Sit. 2010)

(a) Perfect competition
(b) Monopolistic competition
(c) Duopoly
(d) Oligopoly

ANS (B)

8. Price theory is also known as (SSC CGL 1st Sit. 2010)

(a) Macro Economics
(b) Development Economics
(c) Public Economics
(d) Micro Economics

ANS (D)

9. At present, India is following (SSC CGL 1st Sit. 2010)

(a) Fixed exchange rate
(b) Floating exchange rate
(c) Pegged up exchange rate
(d) Pegged down exchange rate

ANS (B)

10. National Income is the (SSC CGL 1st Sit. 2010)

(a) Net National Product at market price
(b) Net National Product at factor cost
(c) Net Domestic Product at market price
(d) Net Domestic Product at factor cost

ANS (B)

11. Which among the following agencies released the report, Economic Outlook for 2009–10 ? (SSC CGL 2nd Sit. 2010)

(a) Planning Commission
(b) PM's Economic Advisory Council
(c) Finance Commission
(d) Reserve Bank of India

ANS (B)

12. India and U.S. have decided to finalise agreements related to which of the following ? (SSC CGL 2nd Sit. 2010)

(a) Trade and Investment
(b) Intellectual Property
(c) Traditional Knowledge
(d) All of the above

ANS (D)

13. The exchange of commodities between two countries is referred as (SSC CGL 2nd Sit. 2010)

(a) Balance of trade
(b) Bilateral trade
(c) Volume of trade
(d) Multilateral trade

ANS (C)

14. A want becomes a demand only when it is backed by the (SSC CGL 2nd Sit. 2010)

(a) Ability to purchase
(b) Necessity to buy
(c) Desire to buy
(d) Utility of the product

ANS (D)

15. The terms 'Micro Economics' and "Macro Economics" were coined by (SSC CGL 2nd Sit. 2010)

(a) Alfred Marshall
(b) Ragner Nurkse
(c) Ragner Frisch
(d) J.M. Keynes

ANS (D)

16. During periods of inflation, tax rates should (SSC CGL 2nd Sit. 2010)

(a) increase
(b) decrease
(c) remain constant
(d) fluctuate

ANS (A)

17. Which is the biggest tax paying sector in India ? (SSC CGL 2nd Sit. 2010)

(a) Agriculture sector
(b) Industrial sector
(c) Transport sector
(d) Banking sector

ANS (B)

18. "Economics is what it ought to be" – This statement refers to (SSC CGL 2nd Sit. 2010)

(a) Normative economics
(b) Positive economics
(c) Monetary economics
(d) Fiscal economics

ANS (A)

19. The excess of price a person is to pay rather than forego the consumption of the commodity is called (SSC CGL 2nd Sit. 2010)

(a) Price
(b) Profit
(c) Producer's surplus
(d) Consumer's surplus

ANS (C)

20. When there is an official change in the exchange rate of domestic currency, then it is called: (SSC CGL 1st Sit. 2011)

(a) Appreciation
(b) Depreciation
(c) Revaluation
(d) Deflation

ANS (C)

21. Inflation redistributes income and wealth in favour of: (SSC CGL 1st Sit. 2011)

(a) Pensioners
(b) Poor
(c) Middle class
(d) Rich

ANS (D)

22. The fringe benefit tax was introduced in the budget of (SSC CGL 1st Sit. 2011)

(a) 2003-04
(b) 2004-05
(c) 2005-06
(d) 2006-07

ANS (C)

23. The purchase of shares and bonds of Indian companies by Foreign Institutional Investors is called (SSC CGL 2nd Sit. 2011)

(a) Foreign Direct Investment
(b) Portfolio Investment
(c) NRI Investment
(d) Foreign Indirect Investment

ANS (D)

24. Monopolist resorts to price discrimination depending upon the (SSC CGL 1st Sit. 2012)

(a) Elasticity of supply
(b) Elasticity of demand
(c) Law of demand
(d) Law of supply

ANS (B)

25. Economic planning is an essential feature of (SSC CGL 1st Sit. 2012)

(a) Socialist economy
(b) Capitalist economy
(c) Mixed economy
(d) Dual economy

ANS (A

26. The Rashtriya Barh Ayog (RBA) is related with (SSC CGL 1st Sit. 2012)

(a) Droughts and Floods
(b) Poverty Alleviation
(c) Floods
(d) Disaster Management\

ANS (C)

27. Low cost housing is an example for: (SSC CGL 2nd Sit. 2012)

(a) Mixed wants
(b) Social wants
(c) Private wants
(d) Merit wants

ANS (D)

28. Consumption for the sake of enjoying social acknowledgement is called: (SSC CGL 2nd Sit. 2012)

(a) Rational consumption
(b) Social consumption
(c) Conspicuous consumption
(d) Demonstration consumption

ANS (C)

29. Of the following economists, whom do you consider to be the Master of “Partial Analysis”? (SSC CGL 2nd Sit. 2012)

(a) Leon Walras
(b) Alfred Marshall
(c) J. M. Keynes
(d) Lionel Robbins

ANS (B)

30. India making ‘Double Taxation Avoidance Agreements’(DTAA) with other countries for the promotion of: (SSC CGL 2nd Sit. 2012)

(a) Bilateral trade
(b) External commercial borrowings
(c) Foreign direct investments
(d) Foreign institutional investment

ANS (A)

31. Brain drain has been caused by: (SSC CGL 2nd Sit. 2012)

(a) failure to recognise talent in the originating country.
(b) the lure of high living standards
(c) lack of employment opportunities
(d) socio-economic instability

ANS (C)

32. The study of population is known as.(SSC CGL 2nd Sit. 2012)

(a) Demography
(b) Climatology
(c) Petrology
(d) Hydrology

ANS (A)

33. The BSE Sensex is based on how many stocks ? (SSC CGL 1st Sit. 2012)

(a) 80
(b) 100
(c) 30
(d) 50

ANS (C)

34. The funds raised by the Government within the country is known as (SSC CGL 1st Sit. 2012)

(a) Domestic budgetary source
(b) Domestic banking source
(c) Domestic saving source
(d) Domestic monetary source

ANS (A)

35. Sick units are referred to (SSC CGL 1st Sit. 2012)

(a) SIA
(b) DGTD
(c) FIPB
(d) BIFR

ANS (D)

36. The concept ‘Duopoly’ was introduced by (SSC CGL 1st Sit. 2012)

(a) Sweezy
(b) Malthus
(c) Ricardo
(d) Cournot .

ANS (D)

37. Which of the following is the feature of monopolistic competition ? (SSC CGL 1st Sit. 2012)

(a) Single firm
(b) Large number of firms
(c) Group of firms
(d) None of the above

ANS (C)

38. Which one of the following is an example for a non-economic good? (SSC CGL 2nd Sit. 2012)

(a) Doctor’s service
(b) Teacher’s service
(c) Mother’s service
(d) Banker’s service

ANS (C)

39. Which one of the following committee is associated with banking sector reforms in India? (SSC CGL 2nd Sit. 2012)

(a) L. C. Gupta
(b) Narsimhan
(c) Chakravarty
(d) Kelkar

ANS (B)

40. Which one of the following is not a qualitative credit control measure of the RBI? (SSC CGL 2nd Sit. 2012)

(a) Fixing margin requirements
(b) Variable interest rates
(c) Open market operations
(d) Credit rationing

ANS (C)

41. The 13th Five Year Plan will be operative for the period. (SSC CGL 2nd Sit. 2012)

(a) 2010 - 2015
(b) 2011- 2016
(c) 2012 - 2017
(d) 2013 - 2018

ANS (C)

42. The national income of a nation is the (SSC CGL 2nd Sit. 2012)

(a) Government’s annual revenue
(b) Sum total of factor incomes
(c) Surplus of public sector enterprises
(d) Exports minus imports

ANS (B)

43. Externality theory is the basic theory of the following branch of Economics : (SSC CGL 1st Sit. 2013)

(a) Macro Economics
(b) Environomics
(c) Fiscal Economics
(d) International Economics

ANS (D)

44. Diamonds are priced higher than water because : (SSC CGL 1st Sit. 2013)

(a) consumers do not buy them at lower prices.
(b) they are sold by selected firms with monopolistic powers.
(c) their marginal utility to buyers is higher than that of water
(d) their total utility to buyers is higher than that of water

ANS (C)

45. "Functional Finance" is associated with : (SSC CGL 1st Sit. 2013)

(a) Abba 'P' Lerner
(b) Adolph Wogner
(c) Adam Smith
(d) Adams

ANS (A)

46. Of the following land uses, which is restricted to Special Economic Zones ? (SSC CGL 1st Sit. 2013)

(a) Information Technology Companies
(b) Educational Institutions
(c) Free trade Centres
(d) Marketing Centres

ANS (C)\

 SSC CGL EXAM 2018 Printed Study Kit

एसएससी - कर्मचारी चयन आयोग (सीजीएल) परीक्षा ​​अध्ययन सामग्री - 2018

47. As per the TRIPS Agreement-1994, a good originating from  a region with specific character/quality/reputation is covered/to a protected under the IPR as (SSC CGL 2nd Sit. 2013)

(a) Patent
(b) Trademark
(c) Trade secret
(d) GI (Geographical Indicator)

ANS (D)

48. ‘Gold’ is mainly related to (SSC CGL 2nd Sit. 2011)

(a) Local market
(b) National market
(c) International market
(d) Regional market

ANS (C)

49. The demand for labour is called (SSC CGL 1st Sit. 2013)

(a) Derived demand
(b) Factory demand
(c) Market demand
(d) Direct demand

ANS (A)

50. Which of the following is not an investment expenditure in goods and services? (SSC CGL 1st Sit. 2013)

(a) Purchase of machinery
(b) An increase in business inventories
(c) Expansion of the main plant of a company
(d) Purchase of a house

ANS (D)

51. Which one of the following represents the Savings of the Private Corporate Sector? (SSC CGL 1st Sit. 2013)

(a) Undistributed profits
(b) Excess of income over expenditure
(c) Dividends paid to shareholders
(d) Total profits of a company

ANS (A)

52. Social accounting system in India is classified into (SSC CGL 1st Sit. 2013)

(a) Assets, liabilities and debt position
(b) Public sector, Private sector and Joint sector
(c) Income, product and expenditure
(d) Enterprise, households and government

ANS (C)

53. Forced Savings refer to (SSC CGL 1st Sit. 2013)

(a) Compulsory deposits imposed on income tax payers
(b) Provident fund contribution of private sector employees
(c) Reduction of consumption consequent to a rise in prices
(d) Taxes on individual income and wealth

ANS (C)

54. High powered money is (SSC CGL 1st Sit. 2013)

(a) Banks reserves at Central Bank
(b) All loans and advances of banks
(c) Money held by banks
(d) Currency held by public and reserves with the Central Bank

ANS (A)

55. Hardening interest rate means (SSC CGL 1st Sit. 2013)

(a) interest rate is remaining sticky
(b) interest rate is very low
(c) interest rate is increasing
(d) interest rate is falling

ANS (A)

56. “Dumping” is a situation when the seller (SSC CGL 1st Sit. 2013)

(a) supplies mote than the demand for products in the World Market.
(b) supplies more in the Domestic Market.
(c) sells a commodity at a lower price in the World Market and charges a higher price in the Domestic Market.
(d) sells a commodity at a higher price in the World Market and charges a lower price in the Domestic Market.

ANS (C)

57. Tick the correct option with regards to the contribution towards GDP (Gross Domestic Product) from Agriculture (SSC CGL 1st Sit. 2013)

(a) During 1950–51 (GDP 51-88%) and 2011–12 (GDP 14-01%)
(b) During 1950–51 (GDP 11-00%) and 2011–12 (GDP 25%)
(c) During 1990–91 (GDP 29-53%) and 2011–12 (GDP 66-77%)
(d) During 1980–81 (GDP 35-69%) and 2011–12 (GDP 20-69%)

ANS (A)

58. The principle of maximum social advantage is the basic principle of (SSC CGL 1st Sit. 2013)

(a) Micro Economics
(b) Macro Economics
(c) Fiscal Economics
(d) Environmental Economics

ANS (C)

59. Which Five Year Plan is not correct among the following? (SSC CGL 1st Sit. 2013)

(a) First 1951–56
(b) Second 1956–61
(c) Third 1961–66
(d) Fourth 1966–71

ANS (D)

60. An economic theory is a/an (SSC CGL 1st Sit. 2013)

(a) Axion
(b) Proposition
(c) Hypothesis
(d) Tested hypothesis

ANS (B)

61. Indian Special Economic Rules amendment came in the year (SSC CGL 1st Sit. 2013)

(a) 2000
(b) 2002
(c) 2004
(d) 2006

ANS (D)

62. According to Marx, the source of value is (SSC CGL 1st Sit. 2013)

(a) Capital
(b) Land
(c) Labour
(d) None of the above

ANS (C)

63. The Community Development Programme was launched in the year (SSC CGL 1st Sit. 2013)

(a) 1950
(b) 1952
(c) 1951
(d) 1953

ANS (B)

64. Prof. Milton Friedman was the leader of (SSC CGL 1st Sit. 2014)

(a) Ohio school
(b) Chicago school
(c) Cambridge school
(d) London school

ANS (B)

65. Which one of the following is not a qualitative control of credit by the Central Bank of a country? (SSC CGL 1st Sit. 2014)

(a) Rationing of credit
(b) Regulation of consumer credit
(c) Variation of the reserve ratio
(d) Regulation of margin requirements

ANS (C)

66. The market in whcih loans of money can be obtained is called (SSC CGL 1st Sit. 2014)

(a) Reserve market
(b) Institutional market
(c) Money market
(d) Exchange market

ANS (C)

67. If the marginal return increases at a diminishing rate, the total return (SSC CGL 1st Sit. 2014)

(a) increases
(b) decreases
(c) remains constant
(d) becomes zero

ANS (A)

68. The law of Increasing Returns means (SSC CGL 1st Sit. 2014)

(a) increasing cost
(b) decreasing cost
(c) increasing production
(d) increasing income

ANS (B)

69. Which of the following is the Regulator of the credit rating agencies in India? (SSC CGL 1st Sit. 2014)

(a) RBI
(b) SBI
(c) SIDBI
(d) SEBI

ANS (D)

70. Which is the first Indian Company to be listed in NASDAQ? (SSC CGL 1st Sit. 2014)

(a) Reliance
(b) TCS
(c) HCL
(d) Infosys

ANS (D)

71. RRBs are owned by (SSC CGL 1st Sit. 2014)

(a) Central Government
(b) State Government
(c) Sponsor Bank
(d) Jointly by all of the above

ANS (D)

72. The Monetary and Credit Policy is announced by which of the following? (SSC CGL 1st Sit. 2014)

(a) Ministry of Finance of Centre
(b) Reserve Bank of India
(c) State Bank of India
(d) Planning Commission of India

ANS (B)

73. Which of the following method is not used in determining National Income of a country? (SSC CGL 1st Sit. 2014)

(a) Income Method
(b) Output Method
(c) Input Method
(d) Investment Method

ANS (D)

74. What does the letter 'e' denotes in the term 'e-banking'? (SSC CGL 1st Sit. 2014)

(a) Essential Banking
(b) Economic Banking
(c) Electronic Banking
(d) Expansion Banking

ANS (C)

75. Which among the following is not a Bretton Woods Institution ? (SSC CGL 1st Sit. 2015)

(a) International Monetary Fund (IMF)
(b) World Bank
(c) Organisaiton of Economic Cooperation and
Development (O.E.C.D.)
(d) None of these

ANS (C)

76. Equilibrium price in the market is determined by the (SSC CGL 1st Sit. 2015)

(a) equality between total cost and total revenue
(b) equality between average cost and average revenue.
(c) equality between marginal cost and marginal revenue
(d) equality between marginal cost and average cost.

ANS (C)

77. In the national context which of the following indicates Macro Approach ? (SSC CGL 1st Sit. 2015)

(a) Sales of Bata Shoe Company
(b) Exports of Mangoes to U.K.
(c) Income from Railways
(d) Inflation in India

ANS (D)

78. Internal economies (SSC CGL 1st Sit. 2015)

(a) arise in an economy as it makes progress
(b) accrue to a firm when it expands its output
(c) arise when there is expansion in internal trade
(d) arise when there is expansion in an industry

ANS (D)

79. One of the features of a free market economy is (SSC CGL 1st Sit. 2015)

(a) public ownership of factors of production
(b) rationing and price control
(c) consumer's sovereignty
(d) active state intervention

ANS (C)

80. Gross National Product – Depreciation Allowance = ? (SSC CGL 1st Sit. 2015)

(a) Gross Domestic Product
(b) Personal Income
(c) Net National Product
(d) Per Capita Income

ANS (C)

81. The Panchayat Samiti remains accountable for its functions to (SSC CGL 1st Sit. 2015)

(a) The Gram Panchayats and Gram Sabhas
(b) Zilla Parishads
(c) Anchal Panchayats
(d) Janpad Panchayats

ANS (B)

82. The one rupee note bears the signature of : (SSC CGL 1st Sit. 2015)

(a) Governor, Reserver Bank of India
(b) Finance Minister
(c) Secretary, Ministry of Finance
(d) None of these

ANS (D)

83. NABARD stands for (SSC CGL 1st Sit. 2015)

(a) National business for Accounting and Reviewing
(b) National Bank for Agriculture and Rural Development
(c) National Bank for Aeronautics and Radar Development
(d) National Bureau for Air and Road Transport

ANS (B)

84. Surplus budget is recommended during : (SSC CGL 1st Sit. 2015)

(a) Depression
(b) Boom
(c) War
(d) Famines

ANS (B)

85. Economic profit or normal profit is the same as : (SSC CGL 1st Sit. 2015)

(a) accounting profit
(b) optimum profit
(c) net profit
(d) maximum profit

ANS (B)

86. CENVAT is related to which of the following ? (SSC CGL 1st Sit. 2016)

(a) Sales Tax
(b) Excise Duty
(c) Custom Duty
(d) Service Tax

ANS (C)

87. Malthusian theory is associated with which of the following ? (SSC CGL 1st Sit. 2016)

(a) Poverty
(b) Employment
(c) Diseases
(d) Population

ANS (D)

88. Which is the parameter for the economic development ?(SSC CGL 1st Sit. 2016)

(a) Per capita monetary income
(b) National income
(c) Per capita rural income
(d) Population

ANS (B)

89. A ‘Market Economy’ is one which (SSC CGL 1st Sit. 2016)

(a) is controlled by the Government
(b) is free from the Government control
(c) in influenced by international market forces
(d) All of these

ANS (B)

90. Regional Rural Banks are sponsored by (SSC CGL 1st Sit. 2016)

(a) Nationalised Commercial Bank
(b) Reserve Bank of India
(c) State Bank of India
(d) Government of India

ANS (A)

91. Who is the Chief Economic Advisor to the Government of India? (SSC CGL 1st Sit. 2016)

(a) Raghu Ram Rajan
(b) Arvind Subramanian
(c) Rajiv Mahirishi
(d) Arvind Pangariya

ANS (B)

92. Which type of foreign investment is considered as unsafe? (SSC CGL 1st Sit. 2016)

(a) Foreign Direct Investment (FDI)
(b) Portfolio investment
(c) NRI deposits
(d) External commercial borrowing

ANS (B)

93. Which one of the following is not an instrument of Fiscal policy? (SSC CGL 1st Sit. 2016)

(a) Open Market Operations
(b) Taxation
(c) Public borrowing
(d) Public expenditure

ANS (A)

94. In which of the following market forms, a firm does not exercise control over price? (SSC CGL 1st Sit. 2016)

(a) Monopoly
(b) Perfect competition
(c) Oligopoly
(d) Monopolistic competition

ANS (B)

95. What is the name of portal launched by RBI recently to check illegal money collection? (SSC CGL 1st Sit. 2016)

(a) Sahyog
(b) Sahayata
(c) Sampark
(d) Sachet

ANS (D)

96. Fiscal policy in India is formulated by? (SSC CGL 1st Sit. 2016)

(a) Reserve Bank of India
(b) Planning Commission
(c) Finance Ministry
(d) SEBI

ANS (C)

 SSC CGL EXAM 2018 Printed Study Kit

एसएससी - कर्मचारी चयन आयोग (सीजीएल) परीक्षा ​​अध्ययन सामग्री - 2018