TOP-50 Economics Questions for SSC-CPO
Download SSC-CPO Economics Questions with answers PDF based on previous papers which is useful for SSC-CPO exams. 50 Very important Economics Questions for SSC exams.
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Question 1: ‘Demographic Dividend’ refers to an increase in the population in the age group of
a) 1-14 years
b) 15 – 59 years
c) 60 – 74 years
d) Above 74 years
Question 2: Demonetization was implemented in which year?
a) 2014
b) 2015
c) 2016
d) 2017
Question 3: The Statutory Liquidity Ratio (SLR) according to the recent RBI review (2019) is
a) 21
b) 22
c) 23
d) 19.25
Question 4: Repo Rate is the rate at which
a) RBI lends money to the commercial banks
b) RBI borrows money from the commercial banks
c) RBI lends moneyto the capital market
d) RBI borrows money from the capital market
Question 5: Development expenditure does not include expenditure on
a) Defence
b) Railways
c) Power
d) Science and Technology
Question 6: Who is the Chairman of the 14% Finance Commission ?
a) Vijay Kelkar
b) Subir Gokarni
c) Nand Kishore Singh
d) Y.V. Reddy
Question 7: The main difference between GDP and GNP is
a) Capital gains
b) Transfer payments
c) Net foreign income from abroad
d) Capital consumption allowance
Question 8: Indian Economy is
a) Mixed
b) Free
c) Capitalist
d) Socialist
Question 9: According to 2011 Census, the child sex ratio (0 – 6 years) in Andhra Pradesh is
a) 890
b) 940
c) 929
d) 849
Question 10: What is the flagship programme launched by Andhra Pradesh Government for the welfare of artisans ?
a) Adarana
b) Chandranna Pelli Kanuka
c) Pasupu Kumkuma
d) Chandranna Bhima
Question 11: The smart common platform created for all scholarships and education related achemes of Andhra Pradesh Government is labelled as
a) Jnanabhumi
b) PPG
c) Adarann
d) Real Time Governance
Question 12: How many SEZs (Special Economic Zones) does the Adhra Pradesh State have ?
a) 19
b) 20
c) 22
d) 23
Question 13: Out of 8 Millennium Development Goals, how manygoals are directly related to health ?
a) 1
b) 2
c) 3
d) 4
Question 14: Economic reforms towards liberalization were introduced in the year
a) 1991
b) 1995
c) 2001
d) 2014
Question 15: Child mortality implies children dying before their
a) $1^{st}$ birthday
b) $2^{nd}$ birthday
c) $3^{rd}$ birthday
d) $5^{th}$ birthday
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Question 16: ‘NTR Videsa Vidya Adarana’ scheme of Andhra Pradesh Government is meant for students of which category/(ies)?
a) Scheduled Castes
b) Backward Classes
c) Open Category
d) All of the above
Question 17: Income and consumption are ___________.
a) directly related
b) partially related
c) inversely related
d) unrelated
Question 18: According to the minimum reserve system, the Reserve Bank of India must maintain a gold reserve of ________
a) 85 crore
b) 200 crore
c) 100 crore
d) 115 crore
Question 19: Unemployment that arises when there is a general downturn in business activity is known as
a) Structural unemployment
b) Frictional unemployment
c) Cyclical unemployment
d) Disguised unemployment
Question 20: Shri Manohar Gopalkrishna Prabhu Parikaris the Union Cabinet Minister for
a) Railways
b) Law and Justice
c) Mines and steel
d) Defence
e) Civil aviation
Question 21: With a view to encourage entrepreneurship among the schedule castes, ‘a venture fund for the SCs’ has recently been launched by ___
a) The state Government of Bihar
b) The state Government of Uttar Pradesh
c) The state Government of Rajasthan
d) The state Government of Maharashtra
e) The Government of India
Question 22: How are Fiscal Policy and the Federal Reserve similar?
a) They always must have Congressional approval before passing
b) They both try to promote economic stability
c) They both have a Board of Governors
d) They both use the same tools to fix economic problems
Question 23: _________ is the world’s largest trade bloc and the world’s largest economy. ?
a) European Union
b) China
c) Russia
d) WTO
Question 24: The credit of proposing the first blueprint of Indian Planning is given to
a) Jawaharlal Nehru
b) Mahatma Gandhi
c) M. Visvesvaraya
d) Sardar Vallabhbhai Patel
Question 25: The term “bull and bear” is associated with?
a) Banking sector
b) Stock market
c) Bull fighting
d) Parliament of India
Question 26: What is the overdraft facility available to one account holder of Pradhan Mantri Jan Dhan Yojana per household
a) 20,000
b) 15,000
c) 5,000
d) 10,000
Question 27: The Securities and Exchange Board of India (SEBI) is the regulator of Securities market in India. When was established in which year?
a) 1955
b) 1968
c) 1975
d) 1980
e) 1988
Question 28: The type of money market instrument which are high yield grade bonds that generally carry a lower credit rating are called?
a) Masala Bond
b) Green Bond
c) Government Bond
d) Junk Bond
e) Callable Bond
Question 29: In which market form, a market or an industry is dominated by a single seller?
a) Oligopoly
b) Monopoly
c) Duopoly
d) Monopolistic Competition
Question 30: The Company ‘Associated Journals Ltd’ (AJL) is the publisher of which now defunct daily newspaper?
a) Young India
b) The Independent
c) Amrita Bazar Patrika
d) The National Herald
e) Bombay Chronicle
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Question 31: Trickle down theory ignores the impact of economic growth on
a) Investment
b) Savings
c) Income distribution
d) Consumption
Question 32: The …….. is an ancient Indian treatise on statecraft. economic policy and military strategy that was written in Sanskrit. Kautilya is traditionally credited as the author of the text.
a) Rigveda
b) Arthashastra
c) Puranas
d) Charaka Samhita
Question 33: The process of providing suitable physical and social infrastructure for the upcoming urban areas is known as
a) Town and Country Planning
b) Social Planning
c) Town/Urban Planning
d) Family planning
Question 34: As we all know India’s one of the major Imports is oil and petroleum. Out of the total consumption of the oil and petroleum, how much is consumed by the transport sector ? About
a) 20%
b) 40%
c) 30%
d) 50%
e) 60%
Question 35: Name the ‘Father of Indian Economic Reforms’.
a) Narendra Modi
b) PV Narasimha Rao
c) Yashwant Sinha
d) Manmohan Singh
Question 36: Which country topped the Inclusive Internet Index, 2019 published by the Economist Intelligence Unit (EIU) for Facebook?
a) Norway
b) India
c) Singapore
d) Sweden
e) United States of America
Question 37: Who was the economist who wrote the book ‘Small is beautiful’?
a) David Ricardo
b) Amartya Sen
c) Karl Marx
d) E. F. Schumacher
Question 38: What is the rank of India in the World Economic Forum’s 2019 Global Energy Transition Index?
a) 36
b) 46
c) 56
d) 76
Question 39: Where did the World Economic Forum inaugurate the Centre for Fourth Industrial Revolution?
a) Bangalore
b) Chennai
c) Mumbai
d) New Delhi
Question 40: What is the minimum support price associated with?
a) Agricultural material
b) Export and Import
c) Automatic port
d) Petroleum Department
Question 41: When the value of goods transported between two states is greater than ______ e-way bill is applicable
a) Rs.40000
b) Rs.50000
c) Rs.60000
d) Rs.70000
Question 42: NEER stands for ______
a) National Effective Economic Rate
b) Nominal Effective Economic Rate
c) Nominal Effective Exchange Rate
d) Nominal Equivalent of Exchange Rupee
e) National Economic Exchange Reserves
Question 43: According to the budget 2019-20 nearly how many Jan Dhan Bank accounts were opened in the last five years?
a) 12 crore
b) 34 crore
c) 52 crore
d) 38 crore
e) 5 crore
Question 44: The threshold of tax deducted at source for rental income increased to _______ from 1.8 lakh in the budget 2019?
a) 2 lakh
b) 2.4 lakh
c) 2.8 lakh
d) 3.6 lakh
Question 45: Which is the largest stock market in the world?
a) Hongkong
b) Japan
c) China
d) U.S.A
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Question 46: Pradhan Mantri Gram Sadak Yojana related to construction of rural roads has been allocated with ______ in Budget Estimates 2019-20
a) 17,700 crore
b) 19,000 crore
c) 15,500 crore
d) 17,500 crore
e) 19,200 crore
Question 47: According to Fiscal Responsibility and Budget Management (FRBM) Act, debt to GDP ratio of the Government of India must be brought down to ______ by the year 2024-25
a) 40%
b) 50%
c) 25%
d) 30%
e) 45%
Question 48: Investment and savings are kept equal through a charge in the level of ?
a) Consumption
b) Investment
c) Government Expenditure
d) Income
Question 49: The Simon Commission was formed to review?
a) Legislatures in India
b) Fitness of Indian For further reforms
c) The Position of Viceroy
d) A constitution for India
Question 50: What is USP in marketing field?
a) Uninterrupted power supply
b) Universal standards of products
c) US programme based
d) Exclusive marketing feauters
Answers & Solutions:
1) Answer (B)
2) Answer (C)
3) Answer (D)
4) Answer (A)
5) Answer (A)
6) Answer (D)
7) Answer (C)
8) Answer (A)
9) Answer (B)
10) Answer (A)
11) Answer (A)
12) Answer (A)
13) Answer (C)
14) Answer (A)
15) Answer (D)
16) Answer (B)
17) Answer (A)
directly related
18) Answer (D)
19) Answer (C)
20) Answer (D)
21) Answer (E)
22) Answer (B)
23) Answer (A)
European Union is the world’s largest trade bloc and the world’s largest economy.
24) Answer (C)
25) Answer (B)
26) Answer (D)
27) Answer (E)
28) Answer (D)
29) Answer (B)
30) Answer (D)
31) Answer (C)
32) Answer (B)
33) Answer (C)
34) Answer (C)
35) Answer (B)
36) Answer (D)
37) Answer (D)
38) Answer (D)
39) Answer (C)
40) Answer (A)
41) Answer (B)
42) Answer (C)
The nominal effective exchange rate (NEER) is an unadjusted weighted average rate at which one country’s currency exchanges for a basket of multiple foreign currencies.
43) Answer (B)
44) Answer (B)
45) Answer (D)
46) Answer (B)
47) Answer (A)
48) Answer (A)
49) Answer (D)
50) Answer (B)
We hope this Economics Questions for SSC CPO Exam will be highly useful for your preparation.
