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SSC CGL (Tier-2) 2018 Paper - AAO (Economics and Governance) "held on 14 September 2019" Morning Shift

SSC CGL (Tier - 2) AAO Exam Paper - 2018 "held on 14 September 2019"

Morning Shift (Economics and Governance)

Exam Name: SSC CGL (Tier - 2)
Year: 2018
EXAM DATE : 14 September 2019
EXAM START TIME : 10:00:00
Total Marks: 200

Q.1 The Central Government has amalgamated three Regional Rural Banks - Punjab Gramin Bank, Malwa Gramin Bank and Sutlej Gramin Bank into a single RRB with effect from.
1. 31st December 2018
2. 1st January 2019
3. 1st July 2019
4. 1st January 2018

Corret answer : 1st January 2019

Q.2 Find out the best possible option which describes the formula to obtain Gross National Product.
1. GDP – Trade Balances abroad
2. GDP + Trade Balances Abroad + Interest of External Lo+ Private Remittances
3. (GDP + Trade Balances Abroad + Interest of External Lo+ Private Remittances)- Abroad individual Consumptions
4. GDP + Trade balances Abroad

Corret answer : GDP + Trade Balances Abroad + Interest of External Lo+ Private Remittances

Q.3 Which of the following factor has a direct relationship with supply, other things remaining constant?
1. Material Quality
2. Substitute material
3. Material abundance
4. Material price

Corret answer : Material price

Q.4 The quantity of demand by virtue of which it changes (increases or decreases) when ___changes (decreases or increases) is called Elasticity of Demand.
1. Marginal utility
2. Output
3. Desire
4. Price

Corret answer : Price

Q.5 Which among the following is the main measuring scale to map the economic growth of a country?
1. Gross National Purchases
2. Gross Domestic Product
3. Human Development Index
4. Gross National Happiness

Corret answer : Gross Domestic Product

Q.6 Indifference curve theory states that:
1. Consumer spending pattern changes with the change in his income
2. Consumers form preferences for some combination of products over others
3. Purchasing power is not the determinant of buying
4. Purchasing power is the real determinant of buying

Corret answer : . Consumers form preferences for some combination of products over others

Q.7 _____ disequilibrium occur because of long-run and deep seated changes in an economy as it moves from one stage of growth to another.
1. Cyclical
2. Secular
3. Structural
4. Non Cyclical

Corret answer : Secular

Q.8 The demand curve normally has a ____ slope.
1. Positive
2. Zero
3. Undefined
4. Negative

Corret answer : Negative

Q.9 Which one of the following is not a type of Economic Infrastructure?
1. Housing
2. Transport
3. Irrigation
4. Communication

Corret answer : Housing

Q.10 As per the 2018-19 data published by the Ministry of Statistics & Program Implementation, the share of agriculture & allied sector is _____ % to the Gross Value Added in India.
1. 29.73
2. 54.4
3. 15.87
4. 27.03

Corret answer : 15.87

Q.11 Which one of the following is an element of capital account in the Balance of Payments?
1. Income from foreign tourists
2. Foreign direct investments
3. Royalties from patents
4. Export income

Corret answer : Foreign direct investments

Q.12 The laws of _____ describe the technically possible ways of increasing the level of output.
1. Production
2. Demand
3. Supply
4. Return to scale

Corret answer : Production

Q.13 The Fiscal Responsibility and Budget Management (FRBM) Act, 2003 was enacted by the Parliament in ___.
1. June 2003
2. July 2003
3. August 2003
4. April 2003

Corret answer : August 2003

Q.14 Supply is said to be _____when a given percentage change in price leads to a larger change in quantity supplied.
1. Unit elastic
2. Inelastic
3. Elastic
4. Perfectly Elastic

Corret answer : Elastic

Q.15 The government of India has targated revenue deficit for the financial year 2019-20 to be ___ % of GDP.
1. 3.3
2. 2.5
3. 3.2
4. 2.3

Corret answer : 2.3