Economic Capsule Set 4

Economic Questions are very important for SSC CGL 2017. We are here with Economic Capsule set 4 comprising of 15 questions to improve your preparedness for the exam. The more you achieve in General Knowledge section better chances you will have to attain your desired post.

Q1. The implementation of Jawahar Rojgar Yojana rests with
(a) Gram Panchayats
(b) District Collectors
(c) State Governments
(d) Union Government

Q2. The RBI issues currency notes under the
(a) Fixed Fiduciary System
(b) Maximum Fiduciary System
(c) Fixed Minimum Reserve System
(d) Proportional Reserve System

Q3. The Accounting Year of Reserve Bank of India runs from:
(a) April to March
(b) July to June
(c) January to December
(d) August to July

Q4. The fish catch by Indian fishermen in the international waters are part of the GDP of
(a) Sri Lanka
(b) India and Sri Lanka
(c) India
(d) India and Indonesia

Q5. While computing national income estimates, which of the following is required to be observed?
(a) The value of exports to be added and the value of imports to be subtracted
(b) The value of exports to be subtracted and the value of imports to be added
(c) The value of both exports and imports to be added
(d) The value of both exports and imports to be subtracted

Q6. Which one of the following is not an objective of Fiscal Policy in India?
(a) Full Employment
(b) Price Stability
(c) Equitable Distribution of Wealth and Incomes
(d) Regulation of International Trade

Q7. Which one of the following is not a quantitative credit control measure of Central Bank?
(a) Bank Rate Policy
(b) Open Market Operations
(c) Cash Reserve Ratio
(d) Moral Suasion

Q8. Which of the following is deducted from NNP to arrive at NI?
(a) Indirect Tax
(b) Capital consumption allowance
(c) Subsidy
(d) Interest

Q9. The best example of a capital intensive industry in India is
(a) Textile Industry
(b) Steel Industry
(c) Tourism Industry
(d) Sports Goods Industry

Q10. India’s Balance of Payments can be correct through
(a) Devaluation of currency
(b) Vigorous export promotion
(c) Import substitution
(d) All of the above

Q11. Taxation is a tool of
(a) Monetary policy
(b) Fiscal policy
(c) Price policy
(d) Wage policy

Q12. Who advocated the adoption of ‘PURA model to eradicate rural poverty?
(a) M.S. Swaminathan
(b) Maulana Abul Kalam Azad
(c) Dr. A.P.J. Abdul
(d) A.M. Khusro

Q13. Monetary policy in India is formulated by:
(a) Finance Ministry
(b) RBI
(c) SEBI
(d) CLB

Q14. The largest component of National Income in India is
(a) Service Sector
(b) Agriculture
(c) Industrial Sector
(d) Trade Sector

Q15. In a developing country like India, in which sector a high rate of disguised unemployment exists?
(a) Corporate Sector
(b) House-hold Sector
(c) Service Sector
(d) Agricultural Sector

Answers:

1) A 2) C 3) B 4) C 5) A 6) C 7) D 8) A 9) B 10) D
11) B 12) C 13) B 14) B 15) C

Economic Capsule 1
Economic Capsule 2
Economic Capsule 3
Economic Capsule 5
Economic Capsule 6
Economic Capsule 7
Economic Capsule 8

Different Subject capsules Important for SSC CGL 2017

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