SSC CGL Mains 20241)Which of the following sentences is/are true?i. All isoclines are expansion paths but all expansion paths are not isoclines. ii. Short-run production functions involve adjusting all inputs, including fixed inputs like land or capital, to affect output. iii. Stock resources are the resources which are not used in one period of production but can be stored for a later period.
Only iii
SSC CGL Mains 20242)Select the most appropriate answer from the options given below regarding Census 2011.Statement 1. The population of India has increased by more than 181 million during the decade 2001-2011.Statement 2. The percentage decadal growth during 2001-2011 has registered the sharpest decline since Independence.
Both statements 1 and 2 are correct.
SSC CGL Mains 20243)In December 1991, which act was amended to bring public enterprises under the purview of the Board for Industrial and Financial Reconstruction (BIFR) as part of the country's economic reforms program?
Sick Industrial Companies Act
SSC CGL Mains 20244)Which of the following best defines liberalisation?
The process of reducing or removing government regulations and restrictions on economic activities.
SSC CGL Mains 20245)What is the name of the software launched by the National Minorities Development and Finance Corporation (NMDFC) for digitising loan accounting processes and integrating the MIS portal, including the release of mobile apps for Android and IOS?
MILAN (Minority Loan Accounting for NMDFC)
SSC CGL Mains 20246)According to Census of India 2011, what was the recorded population growth rate of Hindu religion?
16.8%
SSC CGL 20227)The GDP estimation method measuring the aggregate value of goods and services produced by the firms is called _______.
product method
SSC CGL 20228)What was the duration of Rolling Plan in India?
1978 to 1980
, Avg: 00:43 , 100%✓ SSC CGL 20229)_______ are those where a monthly instalment is deposited in the accounts every month.
recurring deposits
SSC CGL 202210)The _________ Cabinet approved the country’s first-of-its-kind gene bank programme in the State.
Maharashtra
SSC CGL 202211)Who among the following headed the National Income Committee?
PC Mahalanobis
SSC CGL 202212)Which of the following is one of the Open Market Operations by the Reserve Bank of India?
Buying and selling of bonds issued by the Government in the open market
SSC CGL 202213)Which of the following statements is true?
A) Wage bill of the government is a capital expenditure.
B) Disinvestment by the government in a company is a capital receipt.
Only (B)
SSC CGL 202214)The ________ and ________ determine the corridor for the daily movement in the weighted average call money rate.
Marginal standing facility, Reverse repo rate
SSC CGL 202215)Personal disposable income (PDI) can be defined as ______.
PI - Personal tax payments - Non-tax payments
, Avg: 00:10 , 20%✓ SSC CGL 202216)_________ are known as narrow money.
M1 and M2
, Avg: 00:19 , 100%✓ SSC CGL 202217)Gross primary deficit is the difference between ______.
gross fiscal deficit and net interest liabilities
, Avg: 00:13 , 83%✓ SSC CGL 202218)Which of the following is NOT the function of the central bank of the country?
It accepts deposits from the public.
, Avg: 00:13 , 50%✓ SSC CGL 202219)Which of the given sectors is largely driven by considerations of social welfare?
Public
, Avg: 00:16 , 50%✓ SSC CGL 202220)Which of the following is NOT one of the methods of national income estimation?
Banking method
, Avg: 00:18 , 16%✓ SSC CGL 202221)The GDP deflator is also called:
implicit price deflator
, Avg: 00:07 , 80%✓ SSC CGL 202222)Who among the following was the first Indian Governor of Reserve Bank of India?
CD Deshmukh
, Avg: 00:21 , 50%✓ SSC CGL 202223)The Central Board of Directors of the Reserve Bank of India are appointed for a term of ______ years.
four
, Avg: 00:21 , 33%✓ SSC CGL 202224)As per the theory of demographic transition, the post-transitional stage of demographic transition is characterised by ______.
low and nearly equal birth and death rates
SSC CGL 202225)Which of the following was the first development bank in India?
Industrial Finance Corporation of India
, Avg: 00:18 , 60%✓ SSC CGL 202226)Which of the following does NOT come under the category of Public Goods?
Food items
, Avg: 00:08 , 28%✓ SSC CGL 202227)What was the estimated national mortality rate of children under the age of five in the country as per Census of India 2011?
55
SSC CGL 202228)At a Regional Rural Bank, the share of the Government of India is ______.
50%
, Avg: 00:24 , 22%✓ SSC CGL 202229)According to the Output Method, GDP is calculated as:
GDP at Constant Prices - Taxes + Subsidies
, Avg: 00:07 , 71%✓ SSC CGL 202230)With which bank have Dena Bank and Vijaya Bank been merged?
Bank of Baroda
, Avg: 00:14 , 75%✓ SSC CGL 202231)_______ is one of the languages in which the denomination is printed on the reverse of a contemporary Indian currency note.
Nepali
, Avg: 00:12 , 44%✓ SSC CGL 202232)______ is a tax system that collects a greater share of income from those with high incomes than from those with lower incomes.
Progressive tax
, Avg: 00:16 , 71%✓ SSC CGL 202233)What is the emigration of a significant proportion of a country’s highly-skilled, highly educated professional population to other countries offering better economic and social opportunities called?
Brain drain
, Avg: 00:06 , 50%✓ SSC CGL 202234)In which year had India's ratio of public debt to GDP gone up to a record 84.2%?
2003
, Avg: 00:07 , 47%✓ SSC CGL 202235)The value of the Gross Domestic Product (GDP) of India is published by PIB in _________.
Indian Rupee
, Avg: 00:11 , 28%✓ SSC CGL 202236)Which bank is referred to as ‘The lender of last resort’?
Central Bank
, Avg: 00:23 , 50%✓ SSC CGL 202237)Thenumber of deaths during the first 28 completed days of life per 1000 live births in a given year or period is defined as ______.
neonatal mortality rate
, Avg: 00:17 , 62%✓ SSC CGL 202238)What is the percentage of rural child population to the total child population of the country in India as per Provisional population Totals of Census 2011?
74.05%
, Avg: 00:37 , 12%✓ SSC CGL 202239)Which of the following statements is/are correct?
I. Only marketed goods are considered while estimating Gross Domestic Product (GDP).
II. The work done by a woman at her home is outside the purview of Gross Domestic Product.
III. In estimating GDP, only final goods and services are considered.
I, II and III
, Avg: 00:21 , 50%✓ SSC CPO 202040)‘An Enquiry into the Nature and Cause of the Wealth of Nations’ is an influential work by economist ______.
Adam Smith
, Avg: 00:23 , 100%✓ SSC CPO 202041)Which of the following is a situation of the very low rate of interest in the economy where every economic agent expects the interest rate to rise in future and consequently bond prices to fall, causing capital loss?
Liquidity trap
, Avg: 00:08 , 100%✓ SSC CPO 202042)The Coinage Act, 2011, allows issue of coins up to the denomination of ₹______ in India.
1,000
SSC CPO 202043)An unexpected rise in sales of a product leads to ______.
unplanned decumulation of inventory
, Avg: 00:07 , 66%✓ SSC CPO 202044)In the context of the banking sector, what does ‘F’ stand for in IFSC?
Financial
SSC CPO 202045)‘The Name you can Bank Upon’ is the slogan of which of the following banks?
Punjab National Bank
, Avg: 00:09 , 100%✓ SSC CPO 202046)Planned economic development in India began in ______ with the inception of the First Five Year Plan
1951
SSC CPO 202047)People like small farmers and seasonal workers who regularly move in and out of poverty are categorised as _______.
churning poor
, Avg: 00:23 , 100%✓ SSC CPO 202048)Which section of the RBI Act empowers the Central Government to supersede the RBI board and issue directions considered to be ‘necessary in public interest’ to the RBI, after consulting the Governor of the bank?
Section 7
, Avg: 00:09 , 75%✓ SSC CPO 202049)Who was the 24th Governor of the Reserve Bank of India?
Urjit Patel
, Avg: 00:10 , 50%✓ SSC CPO 202050)Which among the following organisations releases Index of Economic Freedom?
Heritage Foundation
, Avg: 00:14 , 54%✓ SSC CPO 202051)‘A Plan of Economic Development for India’, which was prepared by a cross-section of India’s leading capitalists in 1944, was popularly known as the ______ Plan.
Bombay
SSC Selection Post Matric 202252)Which of the following has become the first life insurance company to provide its customers with the UPI AutoPay facility?
ICICI Prudential Life
SSC Selection Post Matric 202253)Which of the following banks’ Retail Direct Scheme has been formulated as a one-stop solution to facilitate investment in government securities by individual investors?
Reserve Bank of India
SSC Selection Post Matric 202254)Which of the following are included in 'revenue receipts'?
(a) Tax Revenue
(b) Non-tax Revenue
Both (a) and (b)
, Avg: 00:04 , 50%✓ SSC Selection Post Matric 202255)In which of the following states is the head office of Bank of Baroda located?
Gujarat
SSC Selection Post Matric 202256)Atal Pension Yojana (APY) of the Government of India is open to all saving bank/post office saving bank account holders in the age group of:
18 to 40 years
, Avg: 00:22 , 66%✓ SSC Selection Post Matric 202257)The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) of the Government of India is available to people in the age group of ______ having a bank account who give their consent to join/enable auto-debit.
18 to 50 years
SSC Selection Post Matric 202258)ITNS Challan Number ________ is used for payment of Fringe Benefit Tax.
283
, Avg: 00:12 , 25%✓ SSC Selection Post Matric 202259)Which of the following does NOT come under the purview of 'paper taxes'?
Excise tax
, Avg: 00:09 , 40%✓ SSC Selection Post Matric 202260)In the context of banking, which of the following does the letter 'M' stand for in MICR?
Magnetic
SSC Selection Post Matric 202261)Which of the following is/ are NOT true about revenue receipts?
I. They are receipts of the government which are non-redeemable.
II. They can be claimed from the government under special. Circumstances.
Only II
, Avg: 00:13 , 41%✓ SSC Selection Post Matric 202262)Economic exchanges without the mediation of money are referred to as ______ exchanges.
barter
, Avg: 00:06 , 75%✓ SSC CHSL 202163)The mutual funds industry in India is regulated by which of the following organisations?
SEBI and RBI
, Avg: 00:10 , 26%✓ SSC CHSL 202164)The total liability of the monetary authority of the country, Reserve Bank of India, is called:
High powered money
, Avg: 00:23 , 25%✓ SSC CHSL 202165)Which of the following is the correct definition of bank rate?
It is the rate of interest payable by commercial banks to RBI.
, Avg: 00:09 , 80%✓ SSC CHSL 202166)Which of the following is an input device used to verify the legitimacy or originality of paper documents, especially cheques?
Magnetic ink character recognition
, Avg: 00:09 , 66%✓ SSC CHSL 202167)In which of the following years did the Government of India set up the Monetary Policy Committee?
2016
, Avg: 00:10 , 25%✓ SSC CHSL 202168)In which of the following years did the Reserve Bank of India liberalise the licensing policy for Urban Co-operative Banks?
1993
, Avg: 00:20 , 11%✓ SSC CHSL 202169)The total population per net cultivated area of a country refers to its _______.
physiological density
, Avg: 00:12 , 50%✓ SSC CHSL 202170)What is the meaning of the term 'collateral' in the context of the banking system?
Collateral is an asset that a borrower owns and uses this as a guarantee to a lender until the loan is repaid.
, Avg: 00:08 , 50%✓ SSC CHSL 202171)The legal provisions governing the management of foreign exchange reserves are laid down in the Reserve Bank of India Act, ______.
1934
, Avg: 00:10 , 75%✓ SSC CHSL 202172)Which of the following recommends Minimum Support Prices for crops in India?
Commission for Agricultural Costs & Prices
, Avg: 00:13 , 57%✓ SSC CHSL 202173)Which of the following institutions conducts the survey on employment and unemployment?
National Sample Survey Organisation
, Avg: 00:39 , 60%✓ SSC CHSL 202174)When an economy is facing inflation, what will the central bank of the country do?
Raise the cost of money by raising rates
, Avg: 00:09 , 50%✓ SSC CHSL 202175)The concept of fiscal policy is based fundamentally on the ideas of ______.
John Maynard Keynes
, Avg: 00:09 , 33%✓ SSC CHSL 202176)Ministry of Finance introduced a new form called Form 26AS for:
tax payers
, Avg: 00:07 , 100%✓ SSC CHSL 202177)'Per Drop More Crop' is the goal for which Government of India scheme?
Pradhan Mantri Krishi Sinchayee Yojana (PMKSY)
SSC CHSL 202178)Which of the following watershed development projects is sponsored by the Central Government aims at enabling the rural population to conserve water?
Haryali
, Avg: 00:04 , 80%✓ SSC CHSL 202179)Who among the following was the first Indian Governor of the Reserve Bank of India?
CD Deshmukh
, Avg: 00:14 , 40%✓ SSC CHSL 202180)Which of the following banks has signed a loan of $40 million to Northern Arc Capital to support the microfinance borrowers and the MSME sectors in India?
ADB
, Avg: 00:11 , 80%✓ SSC CHSL 202181)Which of the following is used as a primary means of implementing the monetary policy of the Reserve Bank of India?
Repo rate
, Avg: 00:09 , 33%✓ SSC CHSL 202182)Which of the following states Government has unveiled the 'Farmer Registration and Unified beneficiary Information System' (FRUITS), an e-governance portal, to create a repository of farmland information and farm loan details on a single platform?
Karnataka
, Avg: 00:10 , 66%✓ SSC CHSL 202183)In which of the following cities is the corporate centre of State Bank of India (SBI) situated?
Mumbai
, Avg: 00:10 , 20%✓ SSC CHSL 202184)What happens to Indian exports when Indian rupee is devalued?
Exports become cheaper
, Avg: 00:07 , 62%✓ SSC CHSL 202185)ICAR is an autonomous body responsible for coordinating agriculture and research in India. What is the full form of ICAR?
Indian Council of Agricultural Research
, Avg: 00:11 , 50%✓ SSC CHSL 202186)A government budget is an annual financial statement which outlines estimated government expenditures and expected government receipts or revenues for the forthcoming fiscal year. Depending on the feasibility of these estimates which of the following is NOT the budget type?
Economy budget
, Avg: 00:12 , 40%✓ SSC CHSL 202187)Who among the following is the brand ambassador of Equitas Small Finance Bank (ESFB)?
Smriti Mandhana
, Avg: 00:30 , 25%✓ SSC CHSL 202188)As per ‘Soils of India, National Bureau of Soil Survey and Land Use Planning report: Publication Number 94’ which type of soil (order) is most abundantly available?
Inceptisols
, Avg: 00:19 , 33%✓ SSC CHSL 202189)As per ’Basel III: A global regulatory framework for more resilient banks and banking systems’ released in December 2010, banks will be required to hold a capital conservation buffer of ______ of risk weighted assets (RWAs) in the form of common equity to withstand future periods of stress.
2.5%
, Avg: 00:11 , 100%✓ SSC CHSL 202190)Which of the following does NOT have an opportunity cost?
Sunlight
, Avg: 00:22 , 47%✓ SSC CHSL 202191)Which of the following is the correct full form of CACP?
Commission for Agricultural Costs and Prices
, Avg: 00:18 , 31%✓ SSC CHSL 202192)Which committee was appointed by SEBI to advise on the development of appropriate regulatory framework for derivatives trading in India in the year 1996?
L.C. Gupta Committee
, Avg: 00:23 , 75%✓ SSC CHSL 202193)Which economic thought talks about methodological individualism, or the idea that people will act in meaningful ways which can be analysed?
Austrian economic thought
, Avg: 00:22 , 42%✓ SSC CHSL 202194)Which of the following formulas related to monetary and liquidity aggregates is NOT correct?
M3 = M1 + Net time deposits of post office savings
, Avg: 00:11 , 5%✓ SSC CHSL 202195)A soft currency is one that is expected to _______ in value relative to other currencies.
reduce
, Avg: 00:15 , 72%✓ SSC CGL 202096)Which is the first Indian company to hit the Rs. 10 lakh crore mark in market capitalisation?
Reliance Industries
, Avg: 00:14 , 28%✓ SSC CGL 202097)In which year was the Currency Building in the BBD Bagh or Dalhousie area of Kolkata constructed?
1833
, Avg: 00:07 , 33%✓ SSC CGL 202098)As per the government rules, how much percentage of advance tax needs to be paid by 15th June by an individual who is liable to pay advance tax?
15%
, Avg: 00:15 , 25%✓ SSC CGL 202099)Depreciation is an annual allowance for the wear and tear of _______.
capital goods
, Avg: 00:15 , 76%✓ SSC CGL 2020100)The aggregate value of goods and services produced in an economy can be calculated by three methods: income method, expenditure method and ______ method.
product / value added
, Avg: 00:09 , 66%✓ SSC CGL 2020101)Who among the following founded the Bombay Stock Exchange?
Premchand Roychand
, Avg: 00:05 , 33%✓ SSC CGL 2020102)Which leader gave us the CR Formula?
C. Rajagopalachari
, Avg: 00:11 , 50%✓ SSC CGL 2020103)If the inflation in an economy is rising steadily, the Central Bank might ______.
increase the repo rate
, Avg: 00:12 , 50%✓ SSC CGL 2020104)The SDG India index is developed by ......
NITI Aayog
, Avg: 00:39 , 38%✓ SSC CGL 2020105)Merchant discount rate refers to ______
the rate charged to a merchant for payment processing services on debit and credit card transactions
, Avg: 00:07 , 13%✓ SSC CGL 2020106)Who among the following is the head of the standing committee on economic statistics set up by Ministry of Statistics and Programme Implementation (MOSPI)?
Pronab Sen
, Avg: 00:16 , 75%✓ SSC CGL 2020107)Which organisation launched the Agricultural Marketing and Farmer Friendly Reforms Index (AMFFRI) in 2016?
NITI Aayog
, Avg: 00:10 , 44%✓ SSC CGL 2020108)A situation where the expenditure of the government exceeds its revenue is known as _____.
Deficit Financing
, Avg: 00:11 , 62%✓ SSC CGL 2020109)Which company recently became the 1st Indian company to hit the 10 lakh Crore Market valuations?
Reliance
, Avg: 00:13 , 28%✓ SSC CGL 2020110)The Government of India launched the _____ Initiative on 16 January 2016, with the objective of supporting entrepreneurs, building a robust start-up ecosystem and transforming India into a country of job creators instead of job seekers.
Start-up India
, Avg: 00:05 , 83%✓ SSC CGL 2020111)What does GNP stand for ?
Gross National Product
GNP stands for Gross National Product.
GNP stands for Gross National Product.
GNP is the total value of all final goods and services produced within a nation in a particular year, plus income earned by its citizens(including income of those lacated abroad), minus income of non-resident lacated in that country.
Basically, GNP measures the value of goods and services that the country's citizens produced regardless of their lacation.