Economy Questions for SSC Exams Set 1

Economy Questions Answers MCQ for various exams like SSC CGL, CPO, CHSL, High Court and other related exams.

  1. The best way a bank can avoid loss is to
    A) land only to individuals known to the bank
    B) accept sound collateral
    C) give only short term loans
    D) lend only to bank’s old customers
    View Answer
    Option B

  2. The symbol of Reserve Bank of India is
    A) Ashokan pillar
    B) Tiger before a palm tree
    C) Kuber with a purse of money
    D) A dog
    View Answer
    Option B

  3. Which of the following functions as a controller of credit in India
    A) central government
    B) Reserve Bank of India
    C) State Bank of India
    D) planning commission
    View Answer
    Option B

  4. Who coined the term ‘Hindu rate of growth’ for Indian economy?
    A) A.K.Sen
    B) S.Parikh
    C) Raj Krishna
    D) M.S.Ahluwalia
    View Answer
    Option C

  5. The national income of a country is
    A) government annual revenue
    B) total productive income
    C) surplus of the public sector Enterprise
    D) export import
    View Answer
    Option B

  6. The type of note issue system followed in India is
    A) maximum fiduciary system
    B) minimum reserve system
    C) proportional fiduciary system
    D) fixed fiduciary system
    View Answer
    Option B

  7. Which among the following Indian states does not transact its business through Reserve Bank of India?
    A) Sikkim
    B) Jammu and Kashmir
    C) Assam
    D) Arunachal Pradesh
    View Answer
    Option B

  8. The basic regulatory authority for mutual funds and stock markets lies with the
    A) Government of India
    B) Reserve Bank of India
    C) Stock exchange
    D) SEBI
    View Answer
    Option D

  9. Which of the following taxes is not shared between the Union and the states?
    A) income tax
    B) excise duty
    C) corporation tax
    D) sales tax
    View Answer
    Option D

  10. In which plan was self-reliance first emphasised?
    A) 2nd plan
    B) 3rd plan
    C) 4th plan
    D) 5th plan
    View Answer
    Option D

 

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