Download SSC Economy questions with answers PDF based on previous papers very useful for SSC CGL, CHSL, JE, Stenographer, MTS, CPO, JE, GD exams. 50 Very important Economy objective questions (MCQ’s) for SSC exams.<\/p>\n
Download Top 50 SSC Economy Questions PDF<\/a><\/p>\n 25 SSC CGL Mocks – Just Rs. 149<\/a><\/p>\n FREE SSC EXAM YOUTUBE VIDEOS<\/a><\/p>\n Question 1:\u00a0<\/b>In Deficit financing, the government borrows money from which organisation?<\/p>\n a)\u00a0International Monetary Fund<\/p>\n b)\u00a0Ministry of Finance<\/p>\n c)\u00a0Reserve Bank of India<\/p>\n d)\u00a0World Trade Organization<\/p>\n Question 2:\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 3:\u00a0<\/b>National Income of India is compiled by which institute?<\/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 4:\u00a0<\/b>World’s first green Islamic bond was issued by which country?<\/p>\n a)\u00a0Indonesia<\/p>\n b)\u00a0Malaysia<\/p>\n c)\u00a0Saudi Arabia<\/p>\n d)\u00a0Iraq<\/p>\n Question 5:\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 SSC CGL Previous Papers Download PDF<\/a><\/p>\n SSC CHSL PREVIOUS PAPERS DOWNLOAD<\/a><\/p>\n Question 6:\u00a0<\/b>An increase in the money supply will cause interest rates to ___________.<\/p>\n a)\u00a0rise<\/p>\n b)\u00a0fall<\/p>\n c)\u00a0remain unchanged<\/p>\n d)\u00a0No option is correct.<\/p>\n Question 7:\u00a0<\/b>In which market form, 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 Question 8:\u00a0<\/b>What does the Lorenz curve deal with?<\/p>\n a)\u00a0Inflation<\/p>\n b)\u00a0Unemployment<\/p>\n c)\u00a0Income distribution<\/p>\n d)\u00a0Poverty<\/p>\n Question 9:\u00a0<\/b>Which institute governs the Money supply in India?<\/p>\n a)\u00a0Planning Commission<\/p>\n b)\u00a0Finance Commission<\/p>\n c)\u00a0Reserve Bank of India<\/p>\n d)\u00a0Commercial Banks<\/p>\n Question 10:\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 18000+ Questions – Free SSC Study Material<\/a><\/p>\n Question 11:\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 12:\u00a0<\/b>Who is the present RBI Governor ?<\/p>\n a)\u00a0Urjith patel<\/p>\n b)\u00a0Shaktikanta Das<\/p>\n c)\u00a0Raghuram Rajan<\/p>\n d)\u00a0Viral Acharaya<\/p>\n Question 13:\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 14:\u00a0<\/b>Which 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 Question 15:\u00a0<\/b>Which exchange rate is the relative price of foreign goods in terms of domestic goods.<\/p>\n a)\u00a0Artificial exchange rate<\/p>\n b)\u00a0Nominal exchange rate<\/p>\n c)\u00a0Fixed exchange rate<\/p>\n d)\u00a0Real exchange rate<\/p>\n SSC CGL Free Mock Test<\/a><\/p>\n SSC CHSL Free Mock Test<\/a><\/p>\n Question 16:\u00a0<\/b>Who is the present RBI Governor ?<\/p>\n a)\u00a0Urjith patel<\/p>\n b)\u00a0Shaktikanta Das<\/p>\n c)\u00a0Raghuram Rajan<\/p>\n d)\u00a0Viral Acharaya<\/p>\n Question 17:\u00a0<\/b>Which tax causes a burden on the poorer section of the society?<\/p>\n a)\u00a0Direct Tax<\/p>\n b)\u00a0Indirect Tax<\/p>\n c)\u00a0Both Direct and Indirect Tax<\/p>\n d)\u00a0None of these<\/p>\n Question 18:\u00a0<\/b>An economic system combining private and state enterprise is called as _____<\/p>\n a)\u00a0Market economy<\/p>\n b)\u00a0Centrally planned economy<\/p>\n c)\u00a0Private economy<\/p>\n d)\u00a0Mixed economy<\/p>\n Question 19:\u00a0<\/b>‘Neo-Malthusian Theory’ is associated with which issue?<\/p>\n a)\u00a0Employment<\/p>\n b)\u00a0Poverty<\/p>\n c)\u00a0Resource scarcity<\/p>\n d)\u00a0Income<\/p>\n Question 20:\u00a0<\/b>Balance of Trade is the difference between which factors?<\/p>\n a)\u00a0Country’s Income and Expense<\/p>\n b)\u00a0Country’s Exports and Imports<\/p>\n c)\u00a0Country’s Tax Revenue and Expense<\/p>\n d)\u00a0Country’s capital inflow and outflow<\/p>\n Question 21:\u00a0<\/b>An increase in the growth rate of the nominal money supply results in<\/p>\n a)\u00a0Lower rate of inflation<\/p>\n b)\u00a0Higher rate of inflation<\/p>\n c)\u00a0Lower interest rates<\/p>\n d)\u00a0Currency appreciation<\/p>\n Question 22:\u00a0<\/b>Birth rate in a country is de\ufb01ned as<\/p>\n a)\u00a0Number of births per 100 in 1 year<\/p>\n b)\u00a0Number of births per 1000 in 1 year<\/p>\n c)\u00a0Number of births per km of area in 1 year<\/p>\n d)\u00a0Number of births per 100 km of area in 1 year<\/p>\n Question 23:\u00a0<\/b>What does the law of demand state?<\/p>\n a)\u00a0if the price of a good increases, the demand for that good decreases.<\/p>\n b)\u00a0if the price of a good increases, the the demand for that good increases.<\/p>\n c)\u00a0if the price of a good increases, the quantity demanded of that good decreases.<\/p>\n d)\u00a0if the price of a good increases, the quantity demanded of that good increases.<\/p>\n Question 24:\u00a0<\/b>Unemployment that arises when there is a general downturn in business activity is known as<\/p>\n a)\u00a0Structural unemployment<\/p>\n b)\u00a0Frictional unemployment<\/p>\n c)\u00a0Cyclical unemployment<\/p>\n d)\u00a0Disguised unemployment<\/p>\n Question 25:\u00a0<\/b>Which tax is entirely borne by the entity it is levied upon and cannot be passed?<\/p>\n a)\u00a0Direct tax<\/p>\n b)\u00a0Indirect tax<\/p>\n c)\u00a0Straight tax<\/p>\n d)\u00a0Advance tax<\/p>\n 1500+ Free SSC Questions & Answers<\/a><\/p>\n Question 26:\u00a0<\/b>In economic equilibrium , what is the condition of the supply and demand?<\/p>\n a)\u00a0supply is equal to the demand.<\/p>\n b)\u00a0the surplus is larger than the shortage.<\/p>\n c)\u00a0elasticity of demand equals elasticity of supply<\/p>\n d)\u00a0price elasticity of demand is unity<\/p>\n Question 27:\u00a0<\/b>Ad Valorem tax is levied on which quantity?<\/p>\n a)\u00a0Value<\/p>\n b)\u00a0Volume<\/p>\n c)\u00a0Production<\/p>\n d)\u00a0Export<\/p>\n Question 28:\u00a0<\/b>The SLR is determined by the RBI. SLR stands for<\/p>\n a)\u00a0States Leverage Return<\/p>\n b)\u00a0Savings Lease Rate<\/p>\n c)\u00a0Statutory Liquidity Ratio<\/p>\n d)\u00a0Safe Legal Range<\/p>\n 100+ Free GK Tests for SSC Exams<\/a><\/p>\n Download Free GK PDF<\/a><\/p>\n Question 29:\u00a0<\/b>Which is an Indian Government Savings Bond, primarily used for small savings and income tax saving investments in India?<\/p>\n a)\u00a0Provident Fund<\/p>\n b)\u00a0Life Insurance Policies<\/p>\n c)\u00a0National Saving Certificate<\/p>\n d)\u00a0Long term government bonds<\/p>\n Question 30:\u00a0<\/b>The goods which people consume more, when their price rises are called _______.<\/p>\n a)\u00a0Essential goods<\/p>\n b)\u00a0Capital goods<\/p>\n c)\u00a0Veblen goods<\/p>\n d)\u00a0Giffen goods<\/p>\n Question 31:\u00a0<\/b>Lowering of value of currency relative to a foreign reference currency is called ……………….<\/p>\n a)\u00a0Devaluation<\/p>\n b)\u00a0Revaluation<\/p>\n c)\u00a0Down valuation<\/p>\n d)\u00a0Negative valuation<\/p>\n Question 32:\u00a0<\/b>Consumer sovereignty means<\/p>\n a)\u00a0Consumers are free to spend their income as they like<\/p>\n b)\u00a0Consumers have power to control The economy<\/p>\n c)\u00a0The power of consumers to determine what goods and services are produced<\/p>\n d)\u00a0Consumers goods are free from government control<\/p>\n Question 33:\u00a0<\/b>Who are the main bearers of the burden of the Indirect tax ?<\/p>\n a)\u00a0Manufactures<\/p>\n b)\u00a0Traders<\/p>\n c)\u00a0Consumers<\/p>\n d)\u00a0Tax Payers<\/p>\n Question 34:\u00a0<\/b>The long term fiscal policy proposes to maintain the stability of which quantity?<\/p>\n a)\u00a0Direct Tax<\/p>\n b)\u00a0Ratio of tax to Income<\/p>\n c)\u00a0Ratio of tax revenue to national income<\/p>\n d)\u00a0Indirect Tax rates<\/p>\n Question 35:\u00a0<\/b>The major aim of the devaluation is to ?<\/p>\n a)\u00a0Encourage imports<\/p>\n b)\u00a0Encourage Exports<\/p>\n c)\u00a0Encourage both Imports and Exports<\/p>\n d)\u00a0Discourage both the exports and imports<\/p>\n Question 36:\u00a0<\/b>Which cost is related to marginal cost?<\/p>\n a)\u00a0Variable Cost<\/p>\n b)\u00a0Implicit Cost<\/p>\n c)\u00a0Prime Cost<\/p>\n d)\u00a0Fixed Cost<\/p>\n Question 37:\u00a0<\/b>India exports power to which country?<\/p>\n a)\u00a0Bangladesh<\/p>\n b)\u00a0Myanmar<\/p>\n c)\u00a0Pakistan<\/p>\n d)\u00a0Bhutan<\/p>\n Question 38:\u00a0<\/b>The Keynesian consumption function shows a relation between<\/p>\n a)\u00a0aggregate consumption and total population.<\/p>\n b)\u00a0aggregate consumption and general price level.<\/p>\n c)\u00a0aggregate consumption and aggregate income<\/p>\n d)\u00a0aggregate consumption and interest rate<\/p>\n Question 39:\u00a0<\/b>Interest paid to a bank for a crop loan is what kind of economic activity?<\/p>\n a)\u00a0intermediate consumption<\/p>\n b)\u00a0a transfer payment<\/p>\n c)\u00a0a factor payment<\/p>\n d)\u00a0capital formation<\/p>\n Question 40:\u00a0<\/b>Economic planning is an essential feature of<\/p>\n a)\u00a0Socialist economy<\/p>\n b)\u00a0Capitalist economy<\/p>\n c)\u00a0Mixed economy<\/p>\n d)\u00a0Dual economy<\/p>\n Question 41:\u00a0<\/b>Monopolistic competition produces<\/p>\n a)\u00a0Close substitutes<\/p>\n b)\u00a0Perfect substitutes<\/p>\n c)\u00a0Complementary goods<\/p>\n d)\u00a0Homogeneous goods<\/p>\n 15000 Questions – Free SSC Study Material<\/a><\/p>\n Question 42:\u00a0<\/b>Internal economies arise in which condition?<\/p>\n a)\u00a0arise when there is expansion in an industry.<\/p>\n b)\u00a0arise in an economy as it makes progress.<\/p>\n c)\u00a0accrue to a firm when it expands its output.<\/p>\n d)\u00a0arise when there is expansion in internal trade.<\/p>\n Question 43:\u00a0<\/b>The theory of distribution relates to which of the following?<\/p>\n a)\u00a0The distribution of assets<\/p>\n b)\u00a0The distribution of income<\/p>\n c)\u00a0The distribution of factor payments<\/p>\n d)\u00a0Equality in the Distribution of the income and wealth<\/p>\n Question 44:\u00a0<\/b>The income elasticity of demand being greater than one, what is the commodity must be?<\/p>\n a)\u00a0Necessity<\/p>\n b)\u00a0Luxury<\/p>\n c)\u00a0An inferior Good<\/p>\n d)\u00a0None of these<\/p>\n Question 45:\u00a0<\/b>The basic Regulatory of the Mutual Funds and stock markets in India ?<\/p>\n a)\u00a0Government of India<\/p>\n b)\u00a0R.B.I<\/p>\n c)\u00a0SEBI<\/p>\n d)\u00a0Stock Exchange<\/p>\n Question 46:\u00a0<\/b>Goods whose demand is proportional to price are called<\/p>\n a)\u00a0inferior goods<\/p>\n b)\u00a0Veblen goods<\/p>\n c)\u00a0normal goods<\/p>\n d)\u00a0exclusive goods<\/p>\n Question 47:\u00a0<\/b>Which institution in India acts as ‘lender of the last resort’?<\/p>\n a)\u00a0Finance Ministry<\/p>\n b)\u00a0Reserve Bank of India<\/p>\n c)\u00a0Treasury<\/p>\n d)\u00a0Currency Printing Presses<\/p>\n Question 48:\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 49:\u00a0<\/b>Which is the unemployment which exists in any economy due to people being in the process of moving from one job to another?<\/p>\n a)\u00a0Seasonal unemployment<\/p>\n b)\u00a0Cyclical unemployment<\/p>\n c)\u00a0Frictional unemployment<\/p>\n d)\u00a0Structural unemployment<\/p>\n Question 50:\u00a0<\/b>What is the one of the main features of a free market economy?<\/p>\n a)\u00a0active state intervention<\/p>\n b)\u00a0public ownership of factors of production<\/p>\n c)\u00a0rationing and price control<\/p>\n d)\u00a0consumer\u2019s sovereignty<\/p>\n Free SSC Daily Practice Set<\/a><\/p>\n Download Current Affairs Questions & Answers PDF<\/a><\/p>\n Answers & Solutions:<\/strong><\/span><\/p>\n 1)\u00a0Answer\u00a0(C)<\/strong><\/p>\n 2)\u00a0Answer\u00a0(C)<\/strong><\/p>\n 3)\u00a0Answer\u00a0(D)<\/strong><\/p>\n 4)\u00a0Answer\u00a0(B)<\/strong><\/p>\n 5)\u00a0Answer\u00a0(D)<\/strong><\/p>\n 6)\u00a0Answer\u00a0(B)<\/strong><\/p>\n 7)\u00a0Answer\u00a0(B)<\/strong><\/p>\n 8)\u00a0Answer\u00a0(C)<\/strong><\/p>\n 9)\u00a0Answer\u00a0(C)<\/strong><\/p>\n 10)\u00a0Answer\u00a0(D)<\/strong><\/p>\n 11)\u00a0Answer\u00a0(C)<\/strong><\/p>\n 12)\u00a0Answer\u00a0(B)<\/strong><\/p>\n 13)\u00a0Answer\u00a0(C)<\/strong><\/p>\n 14)\u00a0Answer\u00a0(C)<\/strong><\/p>\n 15)\u00a0Answer\u00a0(D)<\/strong><\/p>\n 16)\u00a0Answer\u00a0(B)<\/strong><\/p>\n 17)\u00a0Answer\u00a0(B)<\/strong><\/p>\n 18)\u00a0Answer\u00a0(D)<\/strong><\/p>\n 19)\u00a0Answer\u00a0(C)<\/strong><\/p>\n 20)\u00a0Answer\u00a0(B)<\/strong><\/p>\n 21)\u00a0Answer\u00a0(B)<\/strong><\/p>\n 22)\u00a0Answer\u00a0(B)<\/strong><\/p>\n 23)\u00a0Answer\u00a0(C)<\/strong><\/p>\n 24)\u00a0Answer\u00a0(C)<\/strong><\/p>\n 25)\u00a0Answer\u00a0(A)<\/strong><\/p>\n 26)\u00a0Answer\u00a0(A)<\/strong><\/p>\n 27)\u00a0Answer\u00a0(A)<\/strong><\/p>\n 28)\u00a0Answer\u00a0(C)<\/strong><\/p>\n 29)\u00a0Answer\u00a0(C)<\/strong><\/p>\n 30)\u00a0Answer\u00a0(D)<\/strong><\/p>\n 31)\u00a0Answer\u00a0(A)<\/strong><\/p>\n 32)\u00a0Answer\u00a0(C)<\/strong><\/p>\n 33)\u00a0Answer\u00a0(C)<\/strong><\/p>\n 34)\u00a0Answer\u00a0(B)<\/strong><\/p>\n 35)\u00a0Answer\u00a0(B)<\/strong><\/p>\n 36)\u00a0Answer\u00a0(A)<\/strong><\/p>\n 37)\u00a0Answer\u00a0(A)<\/strong><\/p>\n 38)\u00a0Answer\u00a0(C)<\/strong><\/p>\n 39)\u00a0Answer\u00a0(C)<\/strong><\/p>\n 40)\u00a0Answer\u00a0(A)<\/strong><\/p>\n 41)\u00a0Answer\u00a0(A)<\/strong><\/p>\n 42)\u00a0Answer\u00a0(A)<\/strong><\/p>\n 43)\u00a0Answer\u00a0(D)<\/strong><\/p>\n 44)\u00a0Answer\u00a0(B)<\/strong><\/p>\n 45)\u00a0Answer\u00a0(C)<\/strong><\/p>\n 46)\u00a0Answer\u00a0(B)<\/strong><\/p>\n 47)\u00a0Answer\u00a0(B)<\/strong><\/p>\n 48)\u00a0Answer\u00a0(D)<\/strong><\/p>\n 49)\u00a0Answer\u00a0(C)<\/strong><\/p>\n 50)\u00a0Answer\u00a0(D)<\/strong><\/p>\n