SSC CHSL TOPIC WISE QUESTION PAPER : ECONOMICS

1. Open market operation refers to : (SSC CHSL 2012)

(a) borrowing by scheduled banks to industry and trade
(b) purchase and sale of government securities by the rbi
(c) deposit mobilisation
(d) borrowing by scheduled banks from the RBI

ANS (B)

2. Who are the price-takers under Perfect Competition ?(SSC CHSL 2012)

(a) industry
(b) government
(c) firms
(d) buyers

ANS (C)

3. An employment situation where the marginal productivity of agricultural labour is zero is known as : (SSC CHSL 2012)

(a) Seasonal unemployment
(b) Cyclical unemployment
(c) Disguised unemployment
(d) Disguised unemployment

ANS (C)

4. Which one of the following is a raw material oriented industry ? (SSC CHSL 2012)

(a) Sugar industry
(b) Petroleum refinery
(c) Light engineering industry
(d) Ship building

ANS (A)

5. The basic object of all production is to (SSC CHSL 2013)

(a) increase physical output
(b) satisfy human wants
(c) provide employment
(d) make profits

ANS (B)

6. Inflation is caused by (SSC CHSL 2013)

(a) decrease in production
(b) increase in money supply and decrease in production
(c) increase in money supply
(d) increase in production

ANS (B)

7. Dumping is a form of price discrimination at (SSC CHSL 2013)

(a) local level
(b) within industry
(c) national level
(d) international level

ANS (D)

8. The equilibrium of a firm under perfect competition will be determined when (SSC CHSL 2013)

(a) Marginal Cost > Average Cost
(b) Marginal Revenue > Average Cost
(c) Marginal Revenue > Average Revenue
(d) Marginal Revenue = Marginal Cost

ANS (D)

9. Expenditure on advertisement and public relations by an enterprise is a part of its (SSC CHSL 2013)

(a) fixed capital
(b) consumption of fixed capital
(c) final consumption expenditure
(d) intermediate consumption
ANS (D)

10. Which of the following is not an economic problem ? (SSC CHSL 2014)

(a) Deciding between paid work and leisure.
(b) Deciding between expenditure on one good and the other.
(c) Deciding between alternative methods of personal saving.
(d) Deciding between different ways of spending leisure time.

ANS (D)

Printed Study Kit for SSC CHSL (10+2) Exam

एसएससी CHSL(10+2) परीक्षा ​​अध्ययन सामग्री

11. Which of the following occurs when labour productivity rises ? (SSC CHSL 2014)

(a) The equilibrium nominal wage falls
(b) The equilibrium quantity of labour falls
(c) Competitive firms will be induced to use more capital
(d) The labour demand curve shifts to the right

ANS (D)

12. Which of the following are consumer semi-surable goods ? (SSC CHSL 2014)

(a) Cars and television sets
(b) Milk and milk products
(c) Foodgrains and other food products
(d) Electrical appliance like fans and electic irons

ANS (C)

13. Which of the following statements is correct ?(SSC CHSL 2014)

(a) Most workers will work for less then their reservation wage.
(b) The reservation wage is the maximum amount any firm will pay for a worker.
(c) Economic rent is the difference between the market wage and the reservation wage.
(d) Economic rent is the amount one must pay to enter a desirable labour market.

ANS (C)

17. Other things being equal, a decrease in quantity demanded of a commodity can be caused by (SSC CHSL 2014)

(a) a rise in the price of the commodity
(b) a rise in the income of the consumer
(c) a fall in the price of a commodity
(d) a fall in the income of the consumer

ANS (A)

18. Lender of the Last Resort is : (SSC CHSL 2015)

(a) IDBI
(b) NABARD
(c) SBI
(d) RBI

ANS (D)

19. Perfectly inelastic demand is equal to : (SSC CHSL 2015)

(a) One
(b) Zero
(c) Infinite
(d) Greater than one

ANS (B)

20. When price of a substitute of commodity 'x' falls, the demand for 'x' (SSC CHSL 2015)

(a) remains unchanged
(b) Increases at increasing rate
(c) rises
(d) falls

ANS (D)

21. Mixed Economy means : (SSC CHSL 2015)

(a) Co-existence of public and private sectors
(b) Co-existence of rich and poor
(c) Co-existence of small and large Industries
(d) Promoting both agriculture and Industries in the economy

ANS (A)

22. By whom was the autonomous investment separated from induced investment ? (SSC CHSL 2015)

(a) Malthus
(b) Joan Robinson
(c) Adam Smith
(d) Schumpeter

ANS (D)

23. A demand curve will not shift: (SSC CHSL 2015)

(a) When only prices of substitute products change
(b) When there is a change in advertisement expenditure
(c) When only price of the commodity changes
(d) When only income changes

ANS (B)

24. The time element in price analysis was introduced by (SSC CHSL 2015)

(a) Alfred Marshall
(b) J.S. Mill
(c) J.R. Hicks
(d) J.M. Keynes

ANS (A)

Printed Study Kit for SSC CHSL (10+2) Exam

एसएससी CHSL(10+2) परीक्षा ​​अध्ययन सामग्री