{"id":42967,"date":"2020-10-01T10:39:56","date_gmt":"2020-10-01T05:09:56","guid":{"rendered":"https:\/\/cracku.in\/blog\/?p=42967"},"modified":"2020-10-01T10:39:56","modified_gmt":"2020-10-01T05:09:56","slug":"ssc-je-economics-questions","status":"publish","type":"post","link":"https:\/\/cracku.in\/blog\/ssc-je-economics-questions\/","title":{"rendered":"SSC JE Economics Questions"},"content":{"rendered":"

SSC JE Economics Questions<\/strong><\/span><\/h2>\n

Download SSC JE Economics Questions PDF. Top 20 SSC JE questions based on asked questions in previous exam papers very important for the SSC exam.<\/p>\n

Download SSC JE Economics Questions<\/a><\/p>\n

Download SSC JE Previous Papers <\/a><\/p>\n

Question 1:\u00a0<\/b>The Union Government in 2007 reduced the customs duty on crude and refined palm oil by percentage points to check rising prices of these edible oils and contain inflation.<\/p>\n

a)\u00a04<\/p>\n

b)\u00a06<\/p>\n

c)\u00a08<\/p>\n

d)\u00a010<\/p>\n

e)\u00a0None of these<\/p>\n

Question 2:\u00a0<\/b>Shri Manohar Gopalkrishna Prabhu Parikaris the Union Cabinet Minister for<\/p>\n

a)\u00a0Railways<\/p>\n

b)\u00a0Law and Justice<\/p>\n

c)\u00a0Mines and steel<\/p>\n

d)\u00a0Defence<\/p>\n

e)\u00a0Civil aviation<\/p>\n

Question 3:\u00a0<\/b>The Company \u2018Associated Journals Ltd\u2019 (AJL) is the publisher of which now defunct daily newspaper?<\/p>\n

a)\u00a0Young India<\/p>\n

b)\u00a0The Independent<\/p>\n

c)\u00a0Amrita Bazar Patrika<\/p>\n

d)\u00a0The National Herald<\/p>\n

e)\u00a0Bombay Chronicle<\/p>\n

Question 4:\u00a0<\/b>As per figures released recently, the GDP growth in the last two years has been in the range of:<\/p>\n

a)\u00a06%-7%<\/p>\n

b)\u00a07%-8%<\/p>\n

c)\u00a08%-9%<\/p>\n

d)\u00a09%-9.5%<\/p>\n

e)\u00a010%-11%<\/p>\n

Question 5:\u00a0<\/b>Consider the following statements related to Brazil:
\ni. Brazil\u2019s GDP is higher than Italy\u2019s GDP.
\nii. Dilma Rouseff was elected as President of Brazil.
\niii. Maracana stadium hosted world cup football final.
\niv. Of all of Brazil\u2019s neighbours, Argentina has the longest border.
\nv. Real is the currency of Brazil.<\/p>\n

Which of the following options does not contain false statement (s) related to Brazil?<\/p>\n

a)\u00a0i, ii, iii, iv<\/p>\n

b)\u00a0i, ii, iv, v<\/p>\n

c)\u00a0i, iii, iv, v<\/p>\n

d)\u00a0i, ii, iii, v<\/p>\n

e)\u00a0ii, iii, iv, v<\/p>\n

Question 6:\u00a0<\/b>Which of the following terms is used in economics to describe a situation where an inflation rate is high, the economic growth rate slows down, and unemployment remains steadily high?<\/p>\n

a)\u00a0Devaluation<\/p>\n

b)\u00a0Stagflation<\/p>\n

c)\u00a0Depreciation<\/p>\n

d)\u00a0Recession<\/p>\n

e)\u00a0Depression<\/p>\n

Question 7:\u00a0<\/b>A tax is characterised by horizontal equity if its liability is?<\/p>\n

a)\u00a0Proportional to Income Tax payers<\/p>\n

b)\u00a0Similar to taxpayers in similar circumstances<\/p>\n

c)\u00a0Proportional to the expenditure of tax payers<\/p>\n

d)\u00a0The same for every Tax payer<\/p>\n

Question 8:\u00a0<\/b>Which of the following will cause an increase in demand for a good?<\/p>\n

a)\u00a0an increase in income if the good is an inferior goods<\/p>\n

b)\u00a0a decrease in the price of the goods<\/p>\n

c)\u00a0a decrease in income if the good is a normal goods<\/p>\n

d)\u00a0an increase in the price of its substitute goods<\/p>\n

Question 9:\u00a0<\/b>If quantity of a good demanded increases from 200 to 250 then the average income of the population increases from Rs 20,000 to Rs 30,000, find Arc
\nIncome elasticity of demand?<\/p>\n

a)\u00a01.45<\/p>\n

b)\u00a00.55<\/p>\n

c)\u00a02<\/p>\n

d)\u00a01.25<\/p>\n

Question 10:\u00a0<\/b>If the average total cost are Rs 2400, average variable cost is Rs 1700 and quantity produced is 75 units, find the total fixed costs of the firm?<\/p>\n

a)\u00a0Rs 52500<\/p>\n

b)\u00a0Rs 127500<\/p>\n

c)\u00a0Rs 180000<\/p>\n

d)\u00a0Rs 60000<\/p>\n

Free Videos For SSC Exams<\/a><\/p>\n

Take RRB JE Free Mock Test<\/a><\/p>\n

Question 11:\u00a0<\/b>At the equilibrium price<\/p>\n

a)\u00a0quantity demanded is equal to quantity supplied<\/p>\n

b)\u00a0quantity demanded is greater than quantity supplied<\/p>\n

c)\u00a0elasticity of demand equals elasticity of supply<\/p>\n

d)\u00a0price elasticity of demand is unity<\/p>\n

Question 12:\u00a0<\/b>Find arc elasticity of demand, if quantity demanded falls from 1000 to 950 when price of the item is increased from Rs. 240 to Rs. 280?<\/p>\n

a)\u00a00.33<\/p>\n

b)\u00a00.3<\/p>\n

c)\u00a0-0.3<\/p>\n

d)\u00a0-0.33<\/p>\n

Question 13:\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 14:\u00a0<\/b>Which of the following is called GDP Deflator?<\/p>\n

a)\u00a0Ratio of nominal to real GDP<\/p>\n

b)\u00a0Ratio of nominal to real GNP<\/p>\n

c)\u00a0Ratio of nominal to real CPI<\/p>\n

d)\u00a0Ratio of real to nominal GNP<\/p>\n

Question 15:\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 16:\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 17:\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 18:\u00a0<\/b>National Income is generated from<\/p>\n

a)\u00a0any money-making activity<\/p>\n

b)\u00a0any laborious activity<\/p>\n

c)\u00a0any profit-making activity<\/p>\n

d)\u00a0any productive activity<\/p>\n

Question 19:\u00a0<\/b>In which of the following Five Year Plan was the growth rate target exceeded?<\/p>\n

a)\u00a0Eighth Five Year Plan<\/p>\n

b)\u00a0Ninth Five Year Plan<\/p>\n

c)\u00a0Tenth Five Year Plan<\/p>\n

d)\u00a0Eleventh Five Year Plan<\/p>\n

Question 20:\u00a0<\/b>Which \ufb01ve year plan aimed at following regional approach, instead of a sectoral approach so as to bring down regional inequalities?<\/p>\n

a)\u00a0Ninth Five year plan<\/p>\n

b)\u00a0Eighth Five year plan<\/p>\n

c)\u00a0Tenth Five year plan<\/p>\n

d)\u00a0Eleventh Five year plan<\/p>\n

Free SSC Preparation App<\/a><\/p>\n

Download RRB JE Previous Papers<\/a><\/p>\n

Answers & Solutions:<\/strong><\/span><\/p>\n

1)\u00a0Answer\u00a0(D)<\/strong><\/p>\n

2)\u00a0Answer\u00a0(D)<\/strong><\/p>\n

3)\u00a0Answer\u00a0(D)<\/strong><\/p>\n

4)\u00a0Answer\u00a0(D)<\/strong><\/p>\n

5)\u00a0Answer\u00a0(D)<\/strong><\/p>\n

6)\u00a0Answer\u00a0(B)<\/strong><\/p>\n

7)\u00a0Answer\u00a0(A)<\/strong><\/p>\n

8)\u00a0Answer\u00a0(D)<\/strong><\/p>\n

Increasing the price of its substitute goods will increase the demand for a good. While, a decrease\u00a0in the price of the goods cause an increase in quantity demanded, not an increase in demand.<\/p>\n

=> Ans – (D)<\/p>\n

9)\u00a0Answer\u00a0(B)<\/strong><\/p>\n

10)\u00a0Answer\u00a0(A)<\/strong><\/p>\n

11)\u00a0Answer\u00a0(A)<\/strong><\/p>\n

12)\u00a0Answer\u00a0(D)<\/strong><\/p>\n

13)\u00a0Answer\u00a0(C)<\/strong><\/p>\n

14)\u00a0Answer\u00a0(A)<\/strong><\/p>\n

15)\u00a0Answer\u00a0(D)<\/strong><\/p>\n

$\\frac{100-20}{100} \\times \\frac{100+120}{100} \\times (x) = 8800$<\/p>\n

$\\frac{80}{100} \\times \\frac{220}{100} \\times (x) = 8800$<\/p>\n

$ x = 8800\/(1.76) = 5000$<\/p>\n

So the answer is option D.<\/p>\n

16)\u00a0Answer\u00a0(C)<\/strong><\/p>\n

17)\u00a0Answer\u00a0(D)<\/strong><\/p>\n

18)\u00a0Answer\u00a0(A)<\/strong><\/p>\n

19)\u00a0Answer\u00a0(B)<\/strong><\/p>\n

20)\u00a0Answer\u00a0(C)<\/strong><\/p>\n

Download SSC JE Previous Papers <\/a><\/p>\n

Free SSC Preparation App<\/a><\/p>\n

We hope this Economics Questions pdf for SSC JE exam will be highly useful for your Preparation.<\/p>\n","protected":false},"excerpt":{"rendered":"

SSC JE Economics Questions Download SSC JE Economics Questions PDF. Top 20 SSC JE questions based on asked questions in previous exam papers very important for the SSC exam. Question 1:\u00a0The Union Government in 2007 reduced the customs duty on crude and refined palm oil by percentage points to check rising prices of these edible […]<\/p>\n","protected":false},"author":42,"featured_media":42972,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_mi_skip_tracking":false,"footnotes":""},"categories":[3167,125,9,504,378,1493,1611,1741,1441],"tags":[2461,165,462,4111,500,461,1711,1847],"class_list":{"0":"post-42967","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-downloads-en","8":"category-featured","9":"category-ssc","10":"category-ssc-cgl","11":"category-ssc-chsl","12":"category-ssc-cpo","13":"category-ssc-je","14":"category-ssc-mts","15":"category-stenographer","16":"tag-economics","17":"tag-ssc","18":"tag-ssc-cgl","19":"tag-ssc-cgl-tier-2","20":"tag-ssc-cpo","21":"tag-ssc-exams","22":"tag-ssc-je","23":"tag-ssc-mts"},"better_featured_image":{"id":42972,"alt_text":"SSC JE Economics Questions","caption":"SSC JE Economics Questions\n","description":"SSC JE Economics 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