Here is the compilation of all previous year question of General Awareness Economy – with answers.
SSC CGL 2019 Questions
Ques 1) Right to move freely throughout the territory of India’ is a fundamental right under _ of the Constitution of India.
- Article 24
- Article 14
- Article 21
- Article 19
Correct Answer : Article 19
Ques 2) Lok Adalats have been created under __.
- Arbitration and Conciliation Act
- Administration of Justice Act
- Legal Conciliation Act
- Legal Services Authority Act
Correct Answer : Legal Services Authority Act
Ques 3) Who founded the Indian Statistical Institute on 17 December 1931?
- M.H. Hansen
- R.A. Fischer
- F. Yates
- P.C. Mahalanobis
Correct Answer : P.C. Mahalanobis
Ques 4) A sustained rise in the general price level in an economy is called __.
- Stagflation
- Disinflation
- Deflation
- Inflation
Correct Answer : Inflation
Ques 5) Article _ of the Constitution of India gives the Election Commission the power to supervise elections to the Parliament and state legislatures.
- 314
- 341
- 324
- 342
Correct Answer : 324
Ques 6) The Banking Regulation Act was passed in India in _.
- 1949
- 1965
- 1951
- 1974
Correct Answer : 1949
SSC CGL 2017Questions
Question:1)Who gave the ‘General Equilibrium Theory’?[09-AUG-2017 Shift-1]
Options:
1) J. M. Keynes
2) Leon Walras
3) David Ricardo
4) Adam Smith
Correct Answer: Leon Walras
Question:2) Which of the following is not true about a Demand Draft?[09-AUG-2017 Shift-1]
Options:
1) It is a negotiable instrument.
2) It is a banker’s cheque.
3) It may be dishonoured for lack of funds.
4) It is issued by a bank.
Correct Answer: It may be dishonoured for lack of funds.
Question:3)In which market form, a market or an industry is dominated by a single seller?[09-AUG-2017 Shift-2]
Options:
1) Oligopoly
2) Monopoly
3) Duopoly
4) Monopolistic Competition
Correct Answer: Monopoly
Question:4) Which one of the following is also regarded as Disguised unemployment?[09-AUG-2017 Shift-2]
Options:
1) Underemployment
2) Frictional unemployment
3) Seasonal unemployment
4) Cyclical unemployment
Correct Answer: Underemployment
Question:5)When there is only one buyer and one seller of product, it is called _____ situation.[09-AUG-2017 Shift-3]
Options:
1) Public monopoly
2) Bilateral monopoly
3) Franchised monopoly
4) Monopsony
Correct Answer: Bilateral monopoly
Question:6) Which among the following sponsors Regional Rural Banks (RRB’S)? [09-AUG-2017 Shift-3]
Options:
1) Reserve Bank of India
2) Foreign Banks
3) National Commercial Banks
4) Co-Operative Banks
Correct Answer: National Commercial Banks
Question:7)
Question:8)
[10-AUG-2017 Shift-1]
Options:
1) 1-c, 2-a, 3-b
2) 1-b, 2-c, 3-a
3) 1-b, 2-a, 3-c
4) 1-c, 2-b, 3-a
Correct Answer: 1-b, 2-c, 3-a
Question:9)In which market form, a market or industry is dominated by a few firms?[10-AUG-2017 Shift-2]
Options:
1) Perfect Competition
2) Monopoly
3) Oligopoly
4) Monopolistic
Correct Answer: Oligopoly
Question:10)Which amongst the following is not a component of monetary policy in India?[10-AUG-2017 Shift-2]
Options:
1) Repo rate
2) Moral suasion
3) Credit Rationing
4) Public Debt
Correct Answer: Public Debt
Question:11)Which one of the following is not an instrument of credit control in India?[10-AUG-2017 Shift-3]
Options:
1) Rationing of credit
2) Direct Action
3) Open Market operations
4) Variable cost reserve ratios
Correct Answer: Variable cost reserve ratios
Question:12)Which among the following is an example of micro-economic variable?[10-AUG-2017 Shift-3]
Options:
1) National Income
2) Aggregate Supply
3) Employment
4) Consumer’s Equilibrium
Correct Answer: Consumer’s Equilibrium
Question:13)Which of the following rate is charged by banks to their most credit worthy customers?[11-AUG-2017 Shift-1]
Options:
1) Prime Lending Rate
2) Statutory Liquidity Rate
3) Bank Rate
4) Repo Rate
Correct Answer: Prime Lending Rate
Question:14)Medium term loans are provided for a period of _____. [11-AUG-2017 Shift-1]
Options:
1) 1 year to 2 years
2) 15 months to 3 years
3) 15 months to 4 years
4) 1 year to 3 years
Correct Answer: 1 year to 3 years
Question:15)An economic system combining private and state enterprise is called as _____[11-AUG-2017 Shift-2]
Options:
1) Market economy
2) Centrally planned economy
3) Private economy
4) Mixed economy
Correct Answer: Mixed economy
Question:16)What was the main motive of Third Five Year Plan in India?[11-AUG-2017 Shift-2]
Options:
1) Rural development
2) Agriculture
3) Financial inclusion
4) Economic reform
Correct Answer: Agriculture
Question:17)– Courier service comes under which sector?[11-AUG-2017 Shift-3]
Options:
1) Primary
2) Secondary
3) Tertiary
4) Both Secondary and Tertiary
Correct Answer: Tertiary
Question:18)Which among the following is not a direct tax?[11-AUG-2017 Shift-3]
Options:
1) Income tax
2) Wealth tax
3) Corporate tax
4) None of these
Correct Answer: None of these
Question:19)– Which of the following pair/pairs is/are INCORRECT? [12-AUG-2017 Shift-1]
I. Golden revolution – Fruits production
II. Blue revolution – Increasing production of fertilizers
III. Yellow revolution – For the production of eggs
Options:
1) Only I
2) Only II
3) Both I and II
4) Both II and III
Correct Answer: Both II and III
Question:20)MTNL comes under which of the following category?[12-AUG-2017 Shift-1]
Options:
1) Navratna
2) Maharatna
3) Mini Ratna
4) None option is correct
Correct Answer: Navratna
Question:21)Which among the following is not an instrument of fiscal policy?[12-AUG-2017 Shift-2]
Options:
1) Taxation
2) Public expenditure
3) Public debt
4) Credit Rationing
Correct Answer: Credit Rationing
Question:22)Which of the following equation is/are INCORRECT?[12-AUG-2017 Shift-2]
I. NI = NDP + Net Foreign Income
II. GNP = GDP + Net Foreign Income
III. NDP = GNP – Depreciation
Options:
1) Only (I) and (II)
2) Only (III)
3) Only (II) and (III)
4) Only (II)
Correct Answer: Only (III)
Question:23)– Which of the following is called GDP Deflator?[12-AUG-2017 Shift-3]
Options:
1) Ratio of nominal to real GDP
2) Ratio of nominal to real GNP
3) Ratio of nominal to real CPI
4) Ratio of real to nominal GNP
Correct Answer: Ratio of nominal to real GDP
Question:24)Which organisation monitors the banks in actually maintaining cash balance?[12-AUG-2017 Shift-3]
Options:
1) State Bank of India
2) Reserve Bank of India
3) Grameen Bank of India
4) None of these
Correct Answer: Reserve Bank of India
Question:25)What does indifference curve represent?[16-AUG-2017 Shift-1]
Options:
1) Levels of Income and Capital
2) Satisfaction derived from two goods
3) Income from two businesses
4) Relationship between expenditure and savings
Correct Answer: Satisfaction derived from two goods
Question:26)– After which five year plan, ‘The Rolling Plan’ was implemented?[16-AUG-2017 Shift-2]
Options:
1) Third Plan
2) Fifth Plan
3) Seventh Plan
4) Ninth Plan
Correct Answer: Fifth Plan
Question:27)Which tax causes a burden on the poorer section of the society?[16-AUG-2017 Shift-2]
Options:
1) Direct Tax
2) Indirect Tax
3) Both Direct and Indirect Tax
4) None of these
Correct Answer: Indirect Tax
Question:28)In which of the following market forms a firm does not exercise control over price?[16-AUG-2017 Shift-3]
Options:
1) Mixed Competition
2) Monopoly
3) Oligopoly
4) Perfect Competition
Correct Answer: Perfect Competition
Question:29)Which of the following is represented by ‘Lorenz Curve’?[16-AUG-2017 Shift-3]
Options:
1) Employment
2) Inflation
3) Deflation
4) Income Distribution
Correct Answer: Income Distribution
Question:30)In a centrally planned economy, the ____________ plans all the important activities in the economy.[17-AUG-2017 Shift-1]
Options:
1) Industrialists
2) Citizens
3) Government
4) Judiciary
Correct Answer: Government
Question:31)__________ says that if we keep increasing the employment of an input, with other inputs fixed, eventually a point will be reached after which the resulting addition to output (i.e., marginal product of that input) will start falling.[17-AUG-2017 Shift-1]
Options:
1) Law of diminishing marginal product
2) Law of variable proportions
3) The Short Run
4) The Long Run
Correct Answer: Law of diminishing marginal product
Question:32)The __________ exchange rate is the relative price of foreign goods in terms of domestic goods.[17-AUG-2017 Shift-2]
Options:
1) Artificial
2) Nominal
3) Fixed
4) Real
Correct Answer: Real
Question:33)___________ is an alternative way of representing the production function.[17-AUG-2017 Shift-2]
Options:
1) The Short Run
2) The Long Run
3) Isoquant
4) Average product
Correct Answer: Isoquant
Question:34)In a market system, the central problems regarding how much and what to produce are solved through the coordination of economic activities brought about by ________ signals.[17-AUG-2017 Shift-3]
Options:
1) Supply
2) Demand
3) Price
4) Stock Market
Correct Answer: Price
Question:35)_________ says that the marginal product of a factor input initially rises with its employment level. But after reaching a certain level of employment, it starts falling.[17-AUG-2017 Shift-3]
Options:
1) Law of diminishing marginal product
2) Law of variable proportions
3) The Short Run
4) The Long Run
Correct Answer: Law of variable proportions
Question:36)The closest example of a centrally planned economy is the __________ for the major part of the 20th Century.[18-AUG-2017 Shift-1]
Options:
1) USA
2) India
3) Soviet Union
4) Japan
Correct Answer: Soviet Union
Question:37)____________ is the relationship between the variable input and output, keeping all other inputs are held constant.[18-AUG-2017 Shift-1]
Options:
1) Total product
2) Average product
3) Isoquant
4) The Long Run
Correct Answer: Total product
Question:38)From which of the following, is the GDP of a country not derived from?[18-AUG-2017 Shift-2]
Options:
1) Agricultural sector
2) Industrial sector
3) International sector
4) Service sector
Correct Answer: International sector
Question:39)___________ is the set of all possible combinations of the two inputs that yield the same maximum possible level of output.[18-AUG-2017 Shift-2]
Options:
1) The Short Run
2) The Long Run
3) Isoquant
4) Average product
Correct Answer: Isoquant
Question:40)The __________ exchange rate is the price of one unit of foreign currency in terms of domestic currency.[18-AUG-2017 Shift-3]
Options:
1) Artificial
2) Nominal
3) Fixed
4) Real
Correct Answer: Nominal
Question:41)__________ of an input is defined as the change in output per unit of change in the input when all other inputs are held constant.[18-AUG-2017 Shift-3]
Options:
1) Marginal product
2) Production function
3) Total product
4) Average product
Correct Answer: Marginal product
Question:42)– A ___________ deficit is financed by net capital flows from the rest of the world, thus by a capital account surplus.[19-AUG-2017 Shift-3]
Options:
1) Current Account
2) Savings Account
3) Capital Account
4) Asset Account
Correct Answer: Current Account
Question:43)__________ is defined as the output per unit of variable input [19-AUG-2017 Shift-3]
Options:
1) Marginal product
2) Production function
3) Total product
4) Average product
Correct Answer: Average product
Question:44) The demand for a normal good increases with ________ in the consumer’s income.[20-AUG-2017 Shift-1]
Options:
1) increase
2) decrease
3) constant
4) double
Correct Answer: increase
Question:45)Short run marginal cost curve cuts the average variable cost curve from _______ at the minimum point of average variable cost.[20-AUG-2017 Shift-1]
Options:
1) top
2) below
3) right
4) left
Correct Answer: below
Question:46)A commodity market has a _________ structure, if there is one seller of the commodity, the commodity has no substitute, and entry into the industry by another firm is prevented.[20-AUG-2017 Shift-2]
Options:
1) Perfect Competition
2) Monopoly
3) Oligopoly
4) Monopolistic Competition
Correct Answer: Monopoly
Question:47)The short run average cost curve is ____ shaped.[20-AUG-2017 Shift-2]
Options:
1) U
2) V
3) X
4) W
Correct Answer: U
Question:48)If the ___________ firm has zero costs or only has fixed cost, the quantity supplied in equilibrium is given by the point where the marginal revenue is zero.[20-AUG-2017 Shift-3]
Options:
1) Perfect Competition
2) Monopoly
3) Oligopoly
4) Monopolistic Competition
Correct Answer: Monopoly
Question:49)The short run marginal cost curve is ____ shaped.[20-AUG-2017 Shift-3]
Options:
1) U
2) V
3) X
4) W
Correct Answer: U
Question:50)The demand for a inferior good decreases with ________ in the consumer’s income.[21-AUG-2017 Shift-1]
Options:
1) increase
2) decrease
3) constant
4) double
Correct Answer: increase
Question:51)Goods for which the quantity that a consumer chooses, increases as the consumer’s income increases and decreases as the income decreases are called?[21-AUG-2017 Shift-1]
Options:
1) Inferior goods
2) Normal goods
3) Complementary goods
4) Substitute goods
Correct Answer: Normal goods
Question:52)The demand for a inferior good increases with ________ in the consumer’s income.[21-AUG-2017 Shift-2]
Options:
1) increase
2) decrease
3) constant
4) double
Correct Answer: decrease
Question:53)Goods for which demand move in the opposite direction of the income of the consumer are called?[21-AUG-2017 Shift-2]
Options:
1) Inferior goods
2) Normal goods
3) Complementary goods
4) Substitute goods
Correct Answer: Inferior goods
Question:54)The average variable cost curve is ____ shaped.[21-AUG-2017 Shift-3]
Options:
1) U
2) V
3) X
4) W
Correct Answer: U
Question:55)The major objective of monetary policy is to [27 August 2016- Evening Shift]
Options:
1) increase government’s tax revenue
2) revamp the Public Distribution System
3) Promote economic growth with price stability
4) weed out corruption in the economy
Correct Answer: Promote economic growth with price stability
Question:56)The only Viceroy to be assassinated in India was [27 August 2016- Evening Shift]
Options:
1) Lord Harding
2) Lord Northbrook
3) Lord Ellenborough
4) Lord Mayo
Correct Answer: Lord Mayo
Question:57)Which one is not the main objective of fiscal policy in India?[27 August 2016- Evening Shift]
Options:
1) To increase liquidity in the economy
2) To promote price stability
3) To minimize the inequalities of income & wealth
4) To promote employment opportunity
Correct Answer: To increase liquidity in the economy
Question:58)rickle down theory ignores the impact of economic growth on [27 August 2016- Morning Shift]
Options:
1) Investment
2) Savings
3) Income distribution
4) Consumption
Correct Answer: Income distribution
Question:59)The Comptroller and Auditor General of India does not audit the receipts and expenditure of [27 August 2016- Morning Shift]
Options:
1) Central Government
2) Local Bodies
3) State Government
4) Government Companies
Correct Answer: Local Bodies
Question:60)What will you call a system of taxation under which the poorer sections are taxed at higher rates than the richer sections? [27 August 2016- Morning Shift]
Options:
1) Progressive tax
2) Proportional tax
3) Regressive tax
4) Degressive tax
Correct Answer: Regressive tax
Question:61)Excise duty is levied on [28 August 2016- Morning Shift]
Options:
1) sale of goods
2) production of goods
3) import of goods
4) export of goods
Correct Answer: production of goods
Question:62)Golden Revolution in India refers to growth of: [28 August 2016- Morning Shift]
Options:
1) Militancy in the north-east.
2) Oilseeds production
3) Horticulture
4) Increased importing of gold
Correct Answer: Oilseeds production
Question:63)Commercial banks lend to which of the following Priority sectors?[28 August 2016- Evening Shift]
Options:
1) Heavy Industries
2) Agriculture, Small scale industries
3) Foreign Companies
4) State government in emergency situation
Correct Answer: Agriculture, Small scale industries
Question:64)What is the accounting year of the Reserve Bank of India ?[28 August 2016- Evening Shift]
Options:
1) April-March
2) July-June
3) October-September
4) January-December
Correct Answer: July-June
Question:65)Epigraphy is the study of which of the following ? [28 August 2016- Evening Shift]
Options:
1) Coins
2) Inscriptions
3) Temples
4) Birds
Correct Answer: Inscriptions
Question:66)What situation would result if Government expenditure exceeds the Government revenue on Current Account?[29 August 2016- Morning Shift]
Options:
1) Deficit budgeting
2) Zero-based budgeting
3) Performance-based budgeting
4) Surplus budgeting
Correct Answer: Deficit budgeting
Question:67)Disguised unemployment in India is mainly related to [29 August 2016- Morning Shift]
Options:
1) Agricultural sector
2) Rural Area
3) Factory sector
4) Urban Area
Correct Answer: Agricultural sector
Question:68)Residex’ is associated with : [30 August 2016- Afternoon Shift]
Options:
1) Share prices
2) Price inflation
3) Mutual fund prices
4) Land prices
Correct Answer: Land prices
Question:69)Money market is a market for _______________ [31 August 2016- Morning Shift]
Options:
1) Short term fund
2) Long term fund
3) Negotiable instruments
4) Sale of shares
Correct Answer: Short term fund
Question:70)Fixed Foreign Exchange Rate can be changed by [31 August 2016- Morning Shift]
Options:
1) RBI
2) SEBI
3) Ministry of Finance
4) FIPB
Correct Answer: RBI
Question:71)Pump priming should be resorted to at a time of? [31 August 2016- Morning Shift]
Options:
1) Inflation
2) Deflation
3) Stagflation
4) Reflation
Correct Answer: Deflation
Question:72)What do you mean by ‘Density of Population’? [01 September 2016- Evening Shift]
Options:
1) Ratio of people living below poverty line to total population
2) Number of persons live per square kilometre
3) Number of persons in a city
4) Number of persons living per kilometre
Correct Answer: Number of persons live per square kilometre
Question:73)Which of the following is not a feature of a capitalist economy?[01 September 2016- Evening Shift]
Options:
1) Right to private property
2) Existence of competition
3) Service motive
4) Freedom of choice to consumers
Correct Answer: Service motive
Question:74)If Reserve Bank of India reduces the cash reserve ratio, it will : [02 September 2016- Morning Shift]
Options:
1) increase credit creation
2) decrease credit creation
3) have no impact on credit creation
4) have no definite impact on credit creation
Correct Answer: increase credit creation
Question:75)In a cut motion, when the amount of demand is reduced by Rs 100/- , it is known as [02 September 2016- Morning Shift]
Options:
1) Disapproval of policy cut
2) Economy cut
3) Vote on Account
4) Token cut
Correct Answer: Token cut
Question:76)When the demand for a good increases with an increase in income, such a good is called___________ [02 September 2016- Evening Shift]
Options:
1) Superior good
2) Giffin good
3) Inferior good
4) Normal good
Correct Answer: Superior good
Question:77)The demand of a commodity is a direct demand but the demand of a factor of production is called a [02 September 2016- Evening Shift]
Options:
1) Crossed demand
2) Joint demand
3) Derived demand
4) Independent demand
Correct Answer: Derived demand
Question:78)Depreciation is loss in value of ________ [02 September 2016- Evening Shift]
Options:
1) Final goods
2) Machinery
3) Capital stock
4) Stock of inventory
Correct Answer: Machinery
Question:79)MUDRA Bank has been launched to help [03 September 2016- Morning Shift]
Options:
1) Small business
2) Marginal farmers
3) Poor women
4) Rural sector
Correct Answer: Small business
Question:80)Which of the following controls the insurance business of India? [03 September 2016- Morning Shift]
Options:
1) RBI
2) IDBI
3) SEBI
4) IRDA
Correct Answer: IRDA
Question:81)Which of the following is not a method of estimating national income? [03 September 2016- Evening Shift]
Options:
1) Expenditure method
2) Output method
3) Matrix method
4) Income method
Correct Answer: Matrix method
Question:82)National Income of India is compiled by [04 September 2016- Morning Shift]
Options:
1) Finance Commission
2) Indian Statistical Institute
3) National Development Council
4) Central Statistical Organization
Correct Answer: Central Statistical Organization
Question:83)Backward bending supply curve belongs to which market? [04 September 2016- Morning Shift]
Options:
1) Capital
2) Labour
3) Money
4) Inventories
Correct Answer: Labour
Question:84)In terms of economics, if it is possible to make someone better-off without making someone worse-off, then the situation is [04 September 2016- Morning Shift]
Options:
1) Inefficient
2) Efficient
3) Optimal
4) Pareto-superior
Correct Answer: Pareto-superior
Question:85)The rate at which RBI gives short term loan to commercial banks is called [06 September 2016]
Options:
1) Repo rate
2) Reverse Repo rate
3) Bank rate
4) Cash Reserve rate
Correct Answer: Repo rate
Question:86)The nationalisation of major commercial banks took place in [06 September 2016]
Options:
1) 1947
2) 1956
3) 1969
4) 1980
Correct Answer: 1969
Question:87)Human Development Index is prepared by [06 September 2016]
Options:
1) UNDP
2) WTO
3) IMF
4) WHO
Correct Answer: UNDP
Question:88)The BRICS New Development Bank (NDB) is headquartered at ? [06 September 2016]
Options:
1) Shanghai
2) New Delhi
3) Brasilia
4) Moscow
Correct Answer: Brasilia
Question:90)What is the maximum number of days of employment a rural poor would get under ‘MGNREGA’? [07 September 2016- Morning Shift]
Options:
1) 180 days
2) 120 days
3) 100 days
4) 90 days
Correct Answer: 100 days
Question:91)Scheduled bank is a bank which is …. [07 September 2016- Morning Shift]
Options:
1) Nationalised
2) Not Nationalised
3) Based in foreign Country
4) Included in the second schedule of RBI
Correct Answer: Included in the second schedule of RBI
Question:92)What is an octroi ? [08 September 2016- Evening Shift]
Options:
1) Tax
2) Tax collection centre
3) Tax processing centre
4) Tax information centre
Correct Answer: Tax
Question:93)Which of the following is done at a Stock Exchange ? [8 September 2016- Evening Shift]
Options:
1) Commodities are bought and sold at wholesale price
2) Commodities are bought and sold at retail price
3) Securities are bought and sold
4) None of these
Correct Answer: Securities are bought and sold
Question:94)The World Trade Organisation, which replaced GATT, has its Head Quarters in [09 September 2016- Morning Shift]
Options:
1) Vienna
2) Brussels
3) New York
4) Geneva
Correct Answer: Geneva
Question:95)Bilateral monopoly situation [10 September 2016- Evening Shift]
Options:
1) when there are only two sellers of a product
2) when there are only two buyers of a product
3) when there is only one buyer and one seller of a product
4) when there are two buyers and two sellers of a product
Correct Answer: when there is only one buyer and one seller of a product
Question:96)Lorenz curve shows [10 September 2016- Evening Shift]
Options:
1) Inflation
2) Unemployment
3) Income distribution
4) Poverty
Correct
Answer: Income distribution
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