SSC GD Constable Economic Question and Answers download PDF based on previous year question paper of SSC GD exam. 40 Very important Economics questions for GD Constable.<\/p>\n
ECONOMICS QUESTIONS FOR SSC GD PDF<\/a><\/p>\n GET 20 SSC GD MOCK FOR JUST RS. 117<\/a><\/p>\n FREE SSC EXAM YOUTUBE VIDEOS<\/a><\/p>\n Question 1:\u00a0<\/b>If38 + 15 = 66 and 29 + 36 = 99, then 82 + 44 = ?<\/p>\n a)\u00a077<\/p>\n b)\u00a088<\/p>\n c)\u00a080<\/p>\n d)\u00a094<\/p>\n Question 2:\u00a0<\/b>Which of the following is done at a Stock Exchange ?<\/p>\n a)\u00a0Commodities are bought and sold at wholesale price<\/p>\n b)\u00a0Commodities are bought and sold at retail price<\/p>\n c)\u00a0Securities are bought and sold<\/p>\n d)\u00a0None of these<\/p>\n Question 3:\u00a0<\/b>What is an octroi ?<\/p>\n a)\u00a0Tax<\/p>\n b)\u00a0Tax collection centre<\/p>\n c)\u00a0Tax processing centre<\/p>\n d)\u00a0Tax information centre<\/p>\n Question 4:\u00a0<\/b>National Income of India is compiled by<\/p>\n a)\u00a0Finance Commission<\/p>\n b)\u00a0Indian Statistical Institute<\/p>\n c)\u00a0National Development Council<\/p>\n d)\u00a0Central Statistical Organization<\/p>\n Question 5:\u00a0<\/b>In which of the following market forms, a firm does not exercise control over price?<\/p>\n a)\u00a0Monopoly<\/p>\n b)\u00a0Perfect competition<\/p>\n c)\u00a0Oligopoly<\/p>\n d)\u00a0Monopolistic competition<\/p>\n SSC GD FREE PREVIOUS PAPERS<\/a><\/p>\n LATEST FREE SSC GD MOCK 2019<\/a><\/p>\n Question 6:\u00a0<\/b>Which one of the following is not an instrument of Fiscal policy?<\/p>\n a)\u00a0Open Market Operations<\/p>\n b)\u00a0Taxation<\/p>\n c)\u00a0Public borrowing<\/p>\n d)\u00a0Public expenditure<\/p>\n Question 7:\u00a0<\/b>Which of the following areas make the largest contribution to national income in India?<\/p>\n a)\u00a0Industry<\/p>\n b)\u00a0Services<\/p>\n c)\u00a0Agriculture<\/p>\n d)\u00a0Mining<\/p>\n Question 8:\u00a0<\/b>Lorenz curve shows<\/p>\n a)\u00a0Inflation<\/p>\n b)\u00a0Unemployment<\/p>\n c)\u00a0Income distribution<\/p>\n d)\u00a0Poverty<\/p>\n Question 9:\u00a0<\/b>Which of the following is not a method of estimating national income?<\/p>\n a)\u00a0Expenditure method<\/p>\n b)\u00a0Output method<\/p>\n c)\u00a0Matrix method<\/p>\n d)\u00a0Income method<\/p>\n Question 10:\u00a0<\/b>Which State Government has recently abolished “agriculture income tax”<\/p>\n a)\u00a0Karnataka<\/p>\n b)\u00a0Rajasthan<\/p>\n c)\u00a0Bihar<\/p>\n d)\u00a0Asssam<\/p>\n DOWNLOAD APP TO ACESS DIRECTLY ON MOBILE<\/a><\/p>\n Question 11:\u00a0<\/b>Depreciation is loss in value of ________<\/p>\n a)\u00a0Final goods<\/p>\n b)\u00a0Machinery<\/p>\n c)\u00a0Capital stock<\/p>\n d)\u00a0Stock of inventory<\/p>\n Question 12:\u00a0<\/b>The demand of a commodity is a direct demand but the demand of a factor of production is called a<\/p>\n a)\u00a0Crossed demand<\/p>\n b)\u00a0Joint demand<\/p>\n c)\u00a0Derived demand<\/p>\n d)\u00a0Independent demand<\/p>\n Question 13:\u00a0<\/b>When the demand for a good increases with an increase in income, such a good is called___________<\/p>\n a)\u00a0Superior good<\/p>\n b)\u00a0Giffin good<\/p>\n c)\u00a0Inferior good<\/p>\n d)\u00a0Normal good<\/p>\n Question 14:\u00a0<\/b>In a cut motion, when the amount of demand is reduced by Rs 100\/- , it is known as<\/p>\n a)\u00a0Disapproval of policy cut<\/p>\n b)\u00a0Economy cut<\/p>\n c)\u00a0Vote on Account<\/p>\n d)\u00a0Token cut<\/p>\n Question 15:\u00a0<\/b>Which of the following is not a feature of a capitalist economy?<\/p>\n a)\u00a0Right to private property<\/p>\n b)\u00a0Existence of competition<\/p>\n c)\u00a0Service motive<\/p>\n d)\u00a0Freedom of choice to consumers<\/p>\n FREE SSC PRACTICE SET (DAILY TEST)<\/a><\/p>\n SSC CGL Free Mock Test<\/a><\/p>\n Question 16:\u00a0<\/b>The percent profit made when an article is sold for Rs. 78 is twice as much as when it is sold for Rs. 69, the cost price of the article is?<\/p>\n a)\u00a0Rs. 60<\/p>\n b)\u00a0Rs. 51<\/p>\n c)\u00a0Rs. 55.50<\/p>\n d)\u00a0Rs. 70<\/p>\n Question 17:\u00a0<\/b>The price of a chair is Rs. 500. It has been sold at two succesive discounts of 10% each. What is its selling price?<\/p>\n a)\u00a0Rs. 400<\/p>\n b)\u00a0Rs. 405<\/p>\n c)\u00a0Rs. 415<\/p>\n d)\u00a0Rs. 425<\/p>\n Question 18:\u00a0<\/b>Which one is not the main objective of fiscal policy in India?<\/p>\n a)\u00a0To increase liquidity in the economy<\/p>\n b)\u00a0To promote price stability<\/p>\n c)\u00a0To minimize the inequalities of income & wealth<\/p>\n d)\u00a0To promote employment opportunity<\/p>\n Question 19:\u00a0<\/b>The major objective of monetary policy is to<\/p>\n a)\u00a0increase government’s tax revenue<\/p>\n b)\u00a0revamp the Public Distribution System<\/p>\n c)\u00a0Promote economic growth with price stability<\/p>\n d)\u00a0weed out corruption in the economy<\/p>\n Question 20:\u00a0<\/b>In India which of the following taxes is levied by the State governments?<\/p>\n a)\u00a0Excise duty on liquor<\/p>\n b)\u00a0Capital gains tax<\/p>\n c)\u00a0Customs tax<\/p>\n d)\u00a0Corporation tax<\/p>\n Question 21:\u00a0<\/b>‘Residex’ is associated with :<\/p>\n a)\u00a0Share prices<\/p>\n b)\u00a0Price inflation<\/p>\n c)\u00a0Mutual fund prices<\/p>\n d)\u00a0Land prices<\/p>\n Question 22:\u00a0<\/b>What will you call a system of taxation under which the poorer sections are taxed at higher rates than the richer sections?<\/p>\n a)\u00a0Progressive tax<\/p>\n b)\u00a0Proportional tax<\/p>\n c)\u00a0Regressive tax<\/p>\n d)\u00a0Degressive tax<\/p>\n Question 23:\u00a0<\/b>Trickle down theory ignores the impact of economic growth on<\/p>\n a)\u00a0Investment<\/p>\n b)\u00a0Savings<\/p>\n c)\u00a0Income distribution<\/p>\n d)\u00a0Consumption<\/p>\n Question 24:\u00a0<\/b>Money market is a market for _______________<\/p>\n a)\u00a0Short term fund<\/p>\n b)\u00a0Long term fund<\/p>\n c)\u00a0Negotiable instruments<\/p>\n d)\u00a0Sale of shares<\/p>\n Question 25:\u00a0<\/b>The GST (Goods and Services Tax), recently passed by Government will be levied on which of the following products?<\/p>\n a)\u00a0Petroleum Crude<\/p>\n b)\u00a0Tobacco<\/p>\n c)\u00a0Natural Gas<\/p>\n d)\u00a0Aviation Turbine Fuel<\/p>\n Question 26:\u00a0<\/b>Among the following States, _________has the lowest birth rate in India.<\/p>\n a)\u00a0Kerala<\/p>\n b)\u00a0Uttar Pradesh<\/p>\n c)\u00a0Bihar<\/p>\n d)\u00a0West Bengal<\/p>\n Question 27:\u00a0<\/b>The short run marginal cost curve is ____ shaped.<\/p>\n a)\u00a0U<\/p>\n b)\u00a0V<\/p>\n c)\u00a0X<\/p>\n d)\u00a0W<\/p>\n Question 28:\u00a0<\/b>If the ___________ firm has zero costs or only has fixed cost, the quantity supplied in equilibrium is given by the point where the marginal revenue is zero.<\/p>\n a)\u00a0Perfect Competition<\/p>\n b)\u00a0Monopoly<\/p>\n c)\u00a0Oligopoly<\/p>\n d)\u00a0Monopolistic Competition<\/p>\n Question 29:\u00a0<\/b>The average variable cost curve is ____ shaped.<\/p>\n a)\u00a0U<\/p>\n b)\u00a0V<\/p>\n c)\u00a0X<\/p>\n d)\u00a0W<\/p>\n Question 30:\u00a0<\/b>The short run average cost curve is ____ shaped.<\/p>\n a)\u00a0U<\/p>\n b)\u00a0V<\/p>\n c)\u00a0X<\/p>\n d)\u00a0W<\/p>\n Question 31:\u00a0<\/b>Goods for which demand move in the opposite direction of the income of the consumer are called?<\/p>\n a)\u00a0Inferior goods<\/p>\n b)\u00a0Normal goods<\/p>\n c)\u00a0Complementary goods<\/p>\n d)\u00a0Substitute goods<\/p>\n Question 32:\u00a0<\/b>The demand for a inferior good increases with ________ in the consumer’s income.<\/p>\n a)\u00a0increase<\/p>\n b)\u00a0decrease<\/p>\n c)\u00a0constant<\/p>\n d)\u00a0double<\/p>\n Question 33:\u00a0<\/b>Short run marginal cost curve cuts the average variable cost curve from _______ at the minimum point of average variable cost.<\/p>\n a)\u00a0top<\/p>\n b)\u00a0below<\/p>\n c)\u00a0right<\/p>\n d)\u00a0left<\/p>\n Question 34:\u00a0<\/b>The demand for a normal good increases with ________ in the consumer’s income.<\/p>\n a)\u00a0increase<\/p>\n b)\u00a0decrease<\/p>\n c)\u00a0constant<\/p>\n d)\u00a0double<\/p>\n Question 35:\u00a0<\/b>The cost price of an article is x. It is marked up by 120%. It is sold at Rs 8800 after giving 20% discount. What is the value (in Rs) of x?<\/p>\n a)\u00a07680<\/p>\n b)\u00a06000<\/p>\n c)\u00a06680<\/p>\n d)\u00a05000<\/p>\n Question 36:\u00a0<\/b>Goods for which the quantity that a consumer chooses, increases as the consumer’s income increases and decreases as the income decreases are called?<\/p>\n a)\u00a0Inferior goods<\/p>\n b)\u00a0Normal goods<\/p>\n c)\u00a0Complementary goods<\/p>\n d)\u00a0Substitute goods<\/p>\n Question 37:\u00a0<\/b>The demand for an inferior good decreases with ________ in the consumer’s income.<\/p>\n a)\u00a0increase<\/p>\n b)\u00a0decrease<\/p>\n c)\u00a0constant<\/p>\n d)\u00a0double<\/p>\n Question 38:\u00a0<\/b>A ___________ deficit is financed by net capital flows from the rest of the world, thus by a capital account surplus.<\/p>\n a)\u00a0Current Account<\/p>\n b)\u00a0Savings Account<\/p>\n c)\u00a0Capital Account<\/p>\n d)\u00a0Asset Account<\/p>\n Question 39:\u00a0<\/b>If at a price, market supply is greater than market demand, we say that there is ________ in the market at that price.<\/p>\n a)\u00a0Equilibrium<\/p>\n b)\u00a0Excess Demand<\/p>\n c)\u00a0Excess Supply<\/p>\n d)\u00a0Marginal Revenue<\/p>\n Question 40:\u00a0<\/b>The __________ exchange rate is the price of one unit of foreign currency in terms of domestic currency.<\/p>\n a)\u00a0Artificial<\/p>\n b)\u00a0Nominal<\/p>\n c)\u00a0Fixed<\/p>\n d)\u00a0Real<\/p>\n Answers & Solutions:<\/strong><\/span><\/p>\n 1)\u00a0Answer\u00a0(C)<\/strong><\/p>\n $66=(3+8) \\times (1+5)$ 2)\u00a0Answer\u00a0(C)<\/strong><\/p>\n
\n$99=(2+9) \\times (3+6)$
\nSo $82+44 = (8+2) \\times (4+4) =80$<\/p>\n