SSC CGL Tier 2 10th August 2022 General Studies Finance and Economics

quantity of two goods with the given resources and the technology required to produce both good

quantity produced of one good and the technology required to produce the good

quantity of labour and the capital required to produce the good

quantity of one good and the labour required to produce the good

In eve1y economic system, scarcity imposes limitations on households and firms but not the government.

Scarcity is only limited to man made goods

Only a resource rich economy like Dubai is not faced with the problem of choice

All human wants cannot be satisfied.

Level of output

Level of capital

Level of labour

Rate of production of output

All of (i),(ii) and (iii)

Only (i) and (ii)

Only (i)

Only (ii)

Article 151 - Audit Reports

Article 149 - Duties and Powers of the Comptroller and Auditor General

Article 148 - Comptroller and Auditor General of India

Article 146 - Form of Accounts of the Union and of the States

Fiscal Deficit = Revenue Expenditure + Capital Expenditure - Revenue Receipts - Recovery of Loans - Sale of Assets

Fiscal Deficit = Total Expenditure - Revenue Receipts - Repayment of Loans - Sale of Assets

Fiscal Deficit = Capital Receipts - Repayment of Loans - Sale of Assets

Fiscal Deficit = Total Receipts + Revenue Receipts - Repayment of Loans + Sale of Assets

Neither 1 nor 2

Only 1

Both 1 and 2

Only 2

Only 1 and 2

All 1, 2 and 3

Only 1

Only 1 and 3

1971

1911

1951

1921

Price Ceiling is the minimum price fixed b the government

Equilibrium price is the price which clears the market

Suppo1i Price helps regulate the incomes of the farmers

MC= MR at equilibrium in case of perfect competition